Forex
Financial markets revolved around European central banks’ monetary policy decisions.
Indices
Dow Jones and Nasdaq high timeframe analysis and Trading Levels – Market Update: Stocks slide as JOLTS drop to 6.54M and layoffs hit 2009 highs, fueling recession fears. We analyze the massive rotation from Tech to Defensives, the Bitcoin breakdown below $70k, and why this "Warsh Shock" selloff may just be starting.
Commodities
XAU/USD, XAG/USD and XCU/USD Outlook –Metals Reversal: The bounce fades as metals turn bearish again. We explain why the recent 10-20% retracement signals weakness, unlike previous consolidations. With China's demand falling and stops triggering, the "easy trade" is over. Daily analysis for Gold, Silver, and Copper.
Forex
EUR/USD trades around 1.1800 on Thursday at the time of writing, virtually unchanged on the day, as investors digest the European Central Bank’s (ECB) decision and a series of mixed economic releases from the United States (US).
Forex
The Euro (EUR) is drawing support for a weaker British Pound (GBP) on Thursday, following a dovishly tilted monetary policy decision by the Bank of England (BoE). The pair has jumped to a fresh one-week high beyond 0.8700, from the 0.8660 area.
Forex
The USD/JPY extends its winning streak for the fifth trading day on Thursday, trades 0.26% higher to near 156.20. The pair advances further due to continued outperformance from the US Dollar (USD).
Commodities
Asian tech stocks slump on AI spending worries and AMD earnings disappointment. German factory orders surge. European shares flat ahead of ECB. USD climbs and commodities crash (silver down 15%) as global tensions ease. NFP release delayed.
Forex
EUR/GBP trades around 0.8670 on Thursday at the time of writing, up 0.30% on the day, supported by some weakness in the Pound Sterling (GBP) ahead of the Bank of England’s (BoE) monetary policy decision, which is due later in the day, despite mixed economic indicators from the Eurozone.
Forex
The Euro is practically flat on Thursday, trading around 1.1800 at the time of writing after bouncing from levels near two-week lows, at 1.1777.
Forex
Here is what you need to know on Thursday, February 5:
