In January, new home sales in the United States recorded 0.657 million, falling short of the forecast of 0.68 million. This marks a decrease in momentum for the housing market.

The AUD/USD exchange rate faced a selling trend, with strong support around the 0.6300 level. Meanwhile, EUR/USD struggled to break above 1.0500 and closed below this threshold after recent attempts.

Gold prices rebounded, surpassing $2,900 per troy ounce, as the US Dollar lost momentum ahead of a notable speech by President Trump. In the cryptocurrency market, meme tokens declined amid concerns over tariff threats from Trump.

Inflation in France is expected to drop sharply due to a significant reduction in regulated electricity prices, while the Eurozone experiences mixed trends in pricing, particularly in the services sector.

The housing market in the United States appears to be losing steam, given that new home sales failed to meet expectations. With a reading of 0.657 million instead of the predicted 0.68 million, demand may be weaker than some had anticipated. Traders who factor in housing data when making their decisions should take note, as this shift could have broader economic effects, including on interest rate expectations.

In currency markets, the Australian Dollar encountered resistance, slipping towards the 0.6300 mark where strong support has been visible before. Recent momentum suggests that buyers see value at this level, creating a potential battleground between those who expect further declines and those willing to step in. Meanwhile, the Euro struggled to keep its footing above 1.0500 against the Dollar, failing to sustain any strength. That inability to push higher reflects hesitation in the market, possibly influenced by broader economic uncertainties or shifting expectations for interest rates in the US and Europe.

Gold showed a strong rebound, climbing above $2,900 per troy ounce. The weakening of the Dollar ahead of an anticipated speech by Donald suggests some investors are positioning for potential volatility. Precious metals often see increased demand when confidence in the Dollar wavers, and this latest move reinforces that dynamic.

In the cryptocurrency world, prices for meme tokens faltered, with traders appearing uneasy over Donald’s tariff-related rhetoric. In previous cycles, regulatory and trade policy announcements have triggered sell-offs in speculative corners of the market, and this seems to be another instance of sentiment shifting sharply. This suggests traders are becoming more reactive to political signals, especially where policy may carry inflationary or regulatory risks.

Shifting to inflation data in France, a marked decline is expected, primarily driven by lower regulated electricity costs. This stands in contrast to the broader Eurozone, where pricing trends are diverging. The services sector in particular remains worth watching, as inflationary pressures there do not appear as uniform as in energy markets. Any continued unevenness could complicate monetary policy decisions in the coming weeks.