Market Highlight 27/02/2026
U.S. tech stocks retreated on Thursday as a slight rise in jobless claims weighed on sentiment. Despite Nvidia’s blowout earnings, the broader tech sector failed to sustain momentum. The Dow edged up 0.03%, while the S&P 500 fell 0.54% and the Nasdaq dropped 1.18%. The DXY rose 0.18% to 97.79, and EUR/USD dipped to 1.1796. Meanwhile, markets are monitoring the U.S. International Trade Commission’s (USITC) probe into revoking China’s PNTR status for its potential impact on trade sentiment.
Gold rose 0.3% to $5,186.86/oz, with a cooling dollar providing a floor despite shifting safe-haven flows. Oil prices closed lower after an intraday rebound. Investors are focused on the third round of nuclear talks in Geneva; Oman reported “significant progress” and said technical discussions will move to Vienna next week.
Key Outlook 27/02/2026
Today’s focus remains on the Eurozone, particularly German employment and CPI data. German inflation is expected to cool to 2% (prev. 2.1%), aligning with the ECB’s target and supporting the “hold” narrative on rates. The unemployment rate is projected to hold steady at 6.3%.
In the evening, the U.S. PPI report takes centre stage. Annual PPI is forecast to slow to 2.6% (prev. 3%). A larger-than-expected deceleration could shift market bets on the timing of the Fed’s next policy move.
Key Data and Events Today:
- 16:55 EU GERMANY Unemployment Rate FEB **
- 21:00 EU GERMANY CPI MoM Prel FEB **
- 21:30 US PPI YoY JAN **
- 21:30 CA GDP MoM DEC **
- 23:00 US Construction Spending DEC **
Key Data and Events Coming Week:
- Monday: AU/CN/EU/GB/US Manufacturing PMI Final FEB; EU Germany Retail Sales JAN; US ISM Manufacturing PMI FEB
- Tuesday: RBA Governor Michele Bullock Speaks; JP Unemployment Rate JAN; EU CPI YoY Flash FEB
- Wednesday: US API/EIA Crude Oil Stock Change; AU/JP/CN/EU/GB/US Services & Composite PMI Final FEB; AU GDP Q4; EU Unemployment Rate JAN; EU PPI JAN; US ADP Employment Change FEB; US ISM Services PMI FEB
- Thursday: US Fed Beige Book; EU Retail Sales JAN; US Balance of Trade JAN; US Initial Jobless Claims
- Friday: EU Germany Factory Orders JAN; EU GDP Growth Rate 3rd Est Q4; US Non Farm Payrolls FEB
Markets Analysis 27/02/2026
- Resistance: 1.1824/1.1835
- Support: 1.1766/1.1756
EURUSD fell 0.11% to 1.1796 as the Dollar strengthened amid potential U.S. tariff hikes and the Fed’s higher-for-longer outlook. Technically, price action is consolidating above the 1.1756 – 1.1766 support zone, while facing immediate resistance between 1.1824 and 1.1835, maintaining an overall volatile bearish bias.
- Resistance: 1.3522/1.3543
- Support: 1.3434/1.3418
GBPUSD fell 0.52% to 1.3486 as Dollar strength and Manchester’s local elections fuelled political uncertainty, while the Chagos Islands treaty remained stalled pending U.S. support. Technically, the 4H chart shows price action within a descending channel, retesting the 1.3418 – 1.3434 support zone, with immediate resistance at 1.3522 – 1.3543.
- Resistance: 156.35/157.02
- Support: 155.54/154.88
The Yen rose to 156.15 as Governor Ueda’s hawkish, data-dependent stance fuelled rate-hike bets. On the 4H chart, USD/JPY is retreating from the 156.35 resistance barrier within an ascending channel. Bears are now pressuring the 155.54 pivot, and a breakdown could trigger a slide towards the 154.88 support cluster.
- Resistance: 66.00/66.64
- Support: 63.93/63.29
WTI fell to $65.21 as extended U.S.-Iran negotiations eased immediate conflict fears and reduced geopolitical premiums. On the 4H chart, crude is consolidating above the $63.93 – $63.29 support zone. Upside momentum is capped by resistance at $66.64 – $66.00, with price action pivoting near the 0.382 Fibonacci retracement level.
- Resistance: 5260/5310
- Support: 5092/5027
- Resistance: 92.21/95.47
- Support: 81.48/78.17
Gold held steady near $5,168.72 as investors awaited the outcome of U.S.-Iran nuclear negotiations. Despite potential short-term correction risks if a deal is reached, analysts remain bullish towards $5,340, citing its role in diversifying policy risks. The 4H chart shows gold trending within a solid ascending channel, currently testing the $5,260.00 resistance zone. A decisive breakout could target $5,310, while major support remains firm between $5,027 and $5,092.
- Resistance: 49716/50020
- Support: 49224/48978
The Dow edged up 0.03% to 49,499.20, as a cyclical rebound and Salesforce’s surge helped buffer the broader tech sell-off. Technically, the 4H chart shows price consolidating above the mid-channel. Bulls are defending the 48,978 – 49,224 support floor while challenging the layered 49,716 – 50,020 resistance ceiling to sustain the uptrend.
- Resistance: 25280/25489
- Support: 24600/24394
NAS100 fell 1.18% to 22,878.38 as Nvidia’s 5.5% decline sparked a tech sell-off. On the 4H chart, bearish momentum is pressuring the 24,394-24,600-support floor. Buyers must defend the channel’s lower boundary to prevent a breakdown below the 25,280-25,489-resistance ceiling.
- Resistance: 68278/69178
- Support: 66295/65409
Bitcoin fell below $67,000 as risk-off sentiment hit speculative assets after Nvidia’s post-earnings slide. Despite $506 million in ETF inflows, “extreme fear” persists. The chart shows BTC retesting the $65,409 – $66,295 support zone; failure to hold could trigger deeper declines, while resistance lies at $68,278 – $69,178.
Enjoy trading! The content is for reference only. Please ensure that you understand the risk.
