February 6, 2026 3:27 pm
The EUR/NOK currency pair pulled back from a fresh 1 1/2-week high of 11.5711 on Friday in the wake of the European Central Bank’s policy decision. The central bank kept its main refinancing operations rate intact at 2.15% at its February 5th policy meeting, in line with market consensus. And, the ECB deposit facility rate […]
Read moreFebruary 6, 2026 3:23 pm
Key Moments AUD/USD trades near 0.6995, rising 0.73% on Friday as demand for the Australian Dollar recovers. Comments from RBA Governor Michele Bullock bolster expectations of another rate hike, potentially as early as May. The US Dollar Index slips to 97.68, pressured by softer labor data and rising Fed rate-cut expectations. RBA Signals Support Australian […]
Read moreFebruary 6, 2026 2:40 pm
Key Moments The Bank of England held its policy rate at 3.75% but signaled a lower threshold for additional easing. GBP/USD recovered part of its earlier decline following the decision and rising UK political uncertainty. Brown Brothers Harriman analysts see potential for GBP/USD to move toward its 200-day moving average near 1.3430 as rate expectations […]
Read moreFebruary 6, 2026 1:09 pm
Key Moments UBS expects recent safe-haven strength in the Swiss franc to reverse in the coming months, benefiting GBP/CHF. The bank notes that a prior budget-related risk premium on the British pound has been removed from market pricing. A yield differential of more than 3.5% in favor of the British pound underpins UBS’s constructive view […]
Read moreFebruary 6, 2026 12:20 pm
The GBP/NOK currency pair eased from a fresh 1 1/2-week high of 13.2944 on Friday in the wake of the Bank of England’s policy decision. The Bank of England left its benchmark interest rate intact at 3.75% at its February 5th meeting, in line with market consensus. Yet, it was a narrow 5 to 4 […]
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 9:39 am
Key Moments EUR/GBP slipped back below 0.8700, trading near 0.8685 in early European hours after failing to sustain Thursday’s advance. The cross remained poised for its first weekly gain in two months, supported by perceived ECB-BoE policy divergence. Weaker-than-expected German Industrial Production, with a 1.9% drop in December, pressured the Euro and trimmed recent gains. […]
Read moreFebruary 6, 2026 9:35 am
The GBP/CAD currency pair hovered above a 1-month low of 1.8484 on Friday in the wake of the Bank of England’s policy decision and ahead of key Canadian jobs data. The Bank of England left its benchmark interest rate intact at 3.75% at its February 5th meeting, in line with market consensus. Yet, it was […]
Read moreFebruary 6, 2026 9:14 am
Key Moments EUR/USD traded near 1.1800 after setting a fresh two-week low at 1.1765, with bearish technical signals still in place. German Industrial Production fell 1.9% in December against expectations for a 0.3% decline, adding to Euro weakness. The ECB held its deposit rate at 2% and signaled a steady policy stance, while soft U.S. […]
Read moreFebruary 6, 2026 8:26 am
Key Moments AUD/CAD traded near 0.9520 during European hours on Friday after reversing earlier losses. WTI hovered around $64.00 per barrel and remained on track for a weekly decline. Expectations of possible RBA tightening helped the Australian Dollar rebound after a tech-led sell-off. Cross Holds Above 0.9500 Ahead of Canadian Data AUD/CAD stayed in positive […]
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