Web Trader MT5 
Key Takeaways :
- Nvidia’s earnings beat expectations, with revenue surging more than 70% year-over-year, driven by data center and AI demand.
- US major indices trade mixed during the week, with the S&P 500 approaching previous record highs.
- Gold revisited the $5,200 level, while Silver broke above the psychological $90 mark.
- Geopolitical risks intensified ahead of renewed talks between the United States and Iran.
- President Donald Trump moved forward with new import tariffs, adding volatility to global markets.
- A large build in U.S. crude stockpiles pressured oil prices.
- Bitcoin slipped below $65,000 key technical level, before stabilizing around $67,000.
Nikkei Surges to a New Record High above 59,000
U.S. equities extended gains throughout the week, before being pressure by Nvidia’s earnings despite the numbers beating expectations, which reassured investors that AI-driven growth remains intact. The S&P 500 edged closer to record territory after reaching a high of 6,970 on Wednesday, while the Nasdaq 100 broke above 25,440. Asian markets followed Wall Street’s momentum, with Japan’s Nikkei hitting above 59,000 amid dovish monetary expectations. However, lingering tariff uncertainty and geopolitical risks kept volatility elevated beneath the surface.
Nvidia’s latest earnings report showed that quarterly revenue surged more than 70% year-over-year, driven primarily by strong growth in its data center segment, which now accounts for the vast majority of total sales. The strong performance reinforced confidence that artificial intelligence infrastructure spending remains robust, easing concerns that AI momentum was beginning to cool.
Gold and Silver Advance Higher. Oil Trade Sideways
Gold climbed back toward $5,200 as safe-haven demand strengthened on trade tensions and Middle East risks. Silver outperformed, decisively clearing $90 and signaling strong bullish momentum in the broader metals complex. Meanwhile, oil markets were more volatile. WTI crude slipped toward the mid-$60s after a sharp build in U.S. Inventories raised oversupply concerns, though geopolitical tensions between the U.S. and Iran limited deeper losses.
The U.S. dollar struggled to sustain upside momentum despite the Federal Reserve’s relatively hawkish tone. Traders continued pricing in potential rate cuts later in 2026, weighing on the greenback. Safe haven currencies like the Swiss Franc saw mixed moves as the USDCHF remained largely in a tight range throughout the week between 0.7700-0.7775.
Cryptocurrencies Struggle to Recover
Cryptocurrencies faced renewed pressure this week. Bitcoin dipped below key support level of $65,000 as risk appetite fluctuated alongside global equity sentiment. While institutional interest in digital assets remains structurally supportive, short-term flows reflect caution amid macro uncertainty. Bitcoin ended the week around the $67,000 level while Ethereum pushed above $2,000.
For the upcoming week, markets will focus on developments from U.S.–Iran talks, further clarity on new tariff implementation timelines. Overall, sentiment remains cautiously bullish in equities and precious metals, while oil and crypto may remain headline-driven. Volatility is likely to persist as geopolitical and trade uncertainties continue to shape global risk appetite.
Key Economic Data of the week ：
- Retail sales in New Zealand rose by 0.9% in Q4 2025, compared to a 1.9% jump in Q3.
- China kept its 1-year and 5-year loan prime rate unchanged at 3.00% and 3.50% respectively.
- The Australian consumer price index remains unchanged at 3.8% on a yearly basis.
- Weekly US unemployment claims rise to 212K, slightly higher than expectations.
- Tokyo Core CPI fell to 1.8% in February from 2% in January on a yearly basis.
Major Economic Calendar Events for the Upcoming Week
| Date | Metric | Country | Previous | Time [Dubai] |
| Monday, 2 March | ISM Manufacturing PMI | USA | 52.6 | 7:00 PM |
| Tuesday, 3 March | Annual Budget Release | UK | 5:30 PM | |
| Wednesday, 4 March | Gross Domestic Product q/q | Australia | 0.40% | 4:30 PM |
| Wednesday, 4 March | Consumer Price Index m/m | Switzerland | -0.10% | 11:30 AM |
| Wednesday, 4 March | ADP Non-Farm Employment Change | USA | 22K | 5:15 PM |
| Wednesday, 4 March | ISM Services PMI | USA | 53.8 | 7:00 PM |
| Thursday, 5 March | Unemployment Claims | USA | 5:30 PM | |
| Friday, 6 March | Non-Farm Employment Change | USA | 130K | 5:30 PM |
| Friday, 6 March | Unemployment Rate | USA | 4.30% | 5:30 PM |
Technical Analysis and Forecast:
Gold Technical Analysis
Gold remains in a well-defined long term uptrend as seen on the daily chart despite recent volatility. The broader structure shows a consistent sequence of higher highs and higher lows. Importantly, price did not violate the rising 30-day moving average on a sustained basis. The longer term moving average continues to slope upward, confirming that the primary trend remains bullish.
Currently, price is consolidating above the 30-period moving average and slightly above the shorter 5 and 10 averages, which are flattening and attempting to curl upward again.
MACD lines are converging, signaling that bearish momentum is fading. A decisive breakout above $5,600 would likely trigger a new bullish expansion phase, while a sustained breakdown below $4,900–$5,000 would be the first warning sign to threaten the long-term uptrend.
Gold Daily Chart
| Resistance | $5,225 – $5,240 | $5,385 – $5,400 | $5,420 – $5,445 |
| Support | $5,122 – $5,135 | $5,075 – $5,090 | $4,966 – $4,985 |
S&P500 Technical Analysis
S&P500 maintains a strong primary uptrend despite recent consolidation. Price has recently entered a sideways consolidation phase between approximately 6,800 and 7,000. The 30-day moving average continues to slope upward, and price remains above it, confirming that the longer term bullish trend is intact.
The shorter moving averages (5 and 10) are flattening and weaving around price, reflecting range-bound behavior. MACD shows momentum cooling from prior bullish expansion. This indicates consolidation. A breakout above 7,020 would signal continuation of the primary uptrend toward new highs, while a daily close below 6,750–6,800 would suggest a deeper corrective phase toward the rising 30-day moving average and prior breakout levels.
S&P500 Daily Chart
| Resistance | 6,960 – 6,975 | 7,000 – 7,020 | 7,050 – 7,075 |
| Support | 6,817 – 6,830 | 6,775 – 6,795 | 6,730 – 6,750 |
Bitcoin Technical Analysis
Bitcoin remains in a broader corrective phase within a previously bullish macro structure. The recent low around $60,000, appears to have formed a significant demand reaction, producing a rebound back into the $67,000–$68,000 area. However, price is still trading below the declining 30-day moving average, which continues to slope downward, indicating that the medium term trend remains bearish.
The short term moving averages MA(5) and MA(10) are attempting to turn upward and compress toward the 30-day moving average, reflecting short term recovery momentum. MACD has shifted from deeply negative territory, with the MACD line attempting to cross above the signal line. This suggests bullish momentum is building, but confirmation requires a break above $72,000–$75,000, where prior breakdown structure exists.
As long as price remains below the long term moving average MA(30) and the descending trend structure, rallies may be corrective. A break back below $60,000 would reassert bearish continuation risk toward lower support zones.
Bitcoin Daily Chart
| Resistance | $72,200 – $72,250 | $75,730 – $75,850 | $79,200 – $79,340 |
| Support | $65,000 – $65,120 | $64,450 – $64,560 | $59,870 – $60,000 |
EURUSD Technical Analysis
Since the recent peak in early February around 1.2080, EURUSD has been making lower highs, suggesting that the bullish momentum has exhausted. The psychological level of 1.1800, where price is currently hovering, is the immediate battleground. A breakdown here could lead back toward the 1.1600 zone.
Moving averages MA(5) and MA(10) are currently flattening out, sitting right on top of the current price. Which indicates a lack of clear direction in the short term. Price is currently resting right on the 30-day moving average.
MACD line has crossed below the signal line and is heading toward the zero midpoint, which confirms that downward momentum is currently accelerating.
Traders would likely wait for a bounce off the 30-day moving average to confirm uptrend, or a break below it to confirm a deeper correction toward 1.1650.
EURUSD Daily Chart
| Resistance | 0.7773 – 0.7789 | 0.7820 – 0.7840 | 0.7851 – 0.7860 |
| Support | 0.7680 – 0.7695 | 0.7630 – 0.7648 | 0.7605 – 0.7615 |
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