February 6, 2026 10:58 am
Key Moments Phillips 66 plans to eliminate a total of 277 positions at its Los Angeles-area refinery, according to filings with California regulators. The company intends to terminate 122 employees in April at the 139,000-barrel-per-day facility, a notice submitted on Monday showed. A prior filing indicated 155 additional layoffs, tied to the planned idling and […]
Read moreFebruary 6, 2026 10:24 am
Key Moments MUFG’s Lee Hardman notes that the Japanese Yen remains weak against the US Dollar ahead of Japan’s Lower House election. Short JPY positions have not yet been widely unwound, unlike other popular trades earlier this year. Weaker US labor data and risk-off sentiment support expectations for further Federal Reserve rate cuts and ongoing […]
Read moreFebruary 6, 2026 8:54 am
Key Moments Gold (XAU/USD) recovered from recent lows, trading near $4,840 after touching an intraday high close to $4,846 on renewed safe-haven demand. Weak U.S. labor market indicators and rising expectations of Federal Reserve rate cuts in 2026 weighed on the U.S. dollar and supported precious metals. Silver (XAG/USD) advanced toward the 74.00 level with […]
Read moreFebruary 6, 2026 8:06 am
Key Moments: Bitcoin climbed 5% to $66,144.7 in Asian trading after touching a 16-month low of $60,187.0. Bitcoin was on track for a roughly 16% weekly loss, marking a third consecutive week in negative territory. Strategy Inc (NASDAQ: MSTR) reported a fourth-quarter loss of $12.4 billion, driven largely by weakness in Bitcoin prices. Risk-Off Sentiment […]
Read moreFebruary 6, 2026 7:15 am
Key Moments Brent crude traded at $67.80 per barrel and U.S. WTI at $63.54 per barrel at 0353 GMT, both up 25 cents, or 0.4%, on the day. Both benchmarks have fallen more than 3% from late-January peaks near six-month highs after earlier supply fears eased. Analysts flagged that any easing of U.S.-Iran tensions could […]
Read moreFebruary 5, 2026 3:21 pm
Key Moments NZD/JPY is trading at 93.91 after breaking down from a rising wedge pattern. Bearish strategy anticipates a move toward the ATR-based target near 93.20, with a broader objective around S4 at 92.26. The pair’s current average daily true range is 115 pips, versus a 90-day average of 84 pips, while USDX is higher […]
Read moreFebruary 5, 2026 2:18 pm
Key Moments Brent crude fell $1.54 to $67.92 and WTI dropped $1.52 to $63.62, both down more than 2%. Oil markets focused on planned U.S.-Iran talks in Oman as tensions and military buildups persisted in the Middle East. Record WTI Midland at Houston trading in January and widening Russian discounts to China underscored heightened supply […]
Read moreFebruary 5, 2026 11:46 am
Key Moments Spotify shares climbed more than 3% after it unveiled a partnership with Bookshop.org to sell physical books. Premium users in the U.S. and U.K. will be able to buy hardcover and paperback titles directly in the Spotify app beginning this spring. Bookshop.org will manage pricing, inventory, and fulfillment, while Spotify will earn an […]
Read moreFebruary 5, 2026 10:23 am
Key Moments Natural gas and proxies such as US Natural Gas Fund ETF (NYSE: UNG) have dropped nearly 60% over the past five years after a war-driven price spike in 2022. Warmer February weather expectations triggered about a 15% slide in natural gas prices on Sunday evening following a sharp, cold-driven run-up. Rising AI data […]
Read moreFebruary 5, 2026 9:53 am
Key Moments Brent crude futures settled at $68.67 per barrel after a $1.34 gain, according to UOB’s Global Economics & Markets Research Team. NY WTI futures advanced by $1.93 to close at $65.14 per barrel amid heightened US-Iran tensions. The EIA reported a 3.46 million-barrel decline in US crude inventories last week, with Lower 48 […]
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