Dow Jones reaches the 50,000 milestone!
The Dow Jones hits 50,000! As investors rotate into traditionals and defensives, the Blue Chips leave Tech behind to reach new all-time highs.
The Dow Jones hits 50,000! As investors rotate into traditionals and defensives, the Blue Chips leave Tech behind to reach new all-time highs.
The Bank of England has moved significantly closer to cutting interest rates after a narrow 5–4 MPC vote, falling inflation projections, and worsening UK economic outlook. Markets are increasingly pricing in a potential rate cut as early as March, adding volatility to the pound.
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels – Market Rebound: Dow Jones all-time highs! Equities surge as Japan's Nikkei leads (+4.2%) and US-Iran fears cool. Nvidia and AMD rally, but Google and Meta lag on AI CapEx concerns. We analyze the crypto bounce and how weak labor data is reshaping expectations for Wednesday's NFP.
MUFG Bank analysts Lin Li, Michael Wan, and Lloyd Chan note that Japan’s 8 February election is reinforcing weakness in the Japanese Yen, with USD/JPY drifting back toward 160 after a brief correction.
The Pound Sterling (GBP) recovers on Friday, up by 0.60% as the US Dollar (USD) makes a U-turn, erasing Thursday’s losses amid a risk-on mood. At the time of writing, GBP/USD trades at 1.3604, yet is poised to finish the week with a 0.56% loss.
US Dollar (DXY) Analysis & Dollar Update: The Greenback and Treasuries rally as markets deleverage, but fresh labor cracks (JOLTS, layoffs) signal trouble. We analyze the "Trump-Dollar" reversal, Kevin Warsh's impact, and whether the DXY is topping out ahead of Wednesday's delayed NFP.
AUD/USD rebounds on Friday and trades around 0.6995 at the time of writing, up 0.73% on the day.
The US Dollar (USD) remains firm on Friday, with the Yen (JPY) showing the weakest performance of the major currencies for the second consecutive week.
Gold and silver have partially recovered after a sharp correction, but valuations remain elevated. The recent rally was not supported by falling real rates or higher inflation expectations, leaving prices vulnerable. Safe haven demand driven by geopolitical and policy uncertainty remains strong, limiting downside risks, but future gains are likely to be slower and more volatile.
The USD/CAD pair trades 0.17% lower to near 1.3690 during the European trading hours on Friday.