February 4, 2026 1:24 pm
Key Moments The US Dollar is rebounding from its late-January selloff, supported by firmer US economic data. GBP gained after UK Flash PMIs beat forecasts, while markets expect the BoE to hold rates with a 6–3 vote split. GBPUSD briefly topped 1.3790 before pulling back, with focus now on support near the 1.3500 trendline. Fundamental […]
Read moreFebruary 4, 2026 11:59 am
The EUR/SEK currency pair bounced off a 41 1/2-month low of 10.4959 on Wednesday ahead of the outcome of the European Central Bank’s policy meeting. The European Central Bank is largely expected to keep its main refinancing operations rate intact at 2.15% at its February 5th policy meeting. And, the ECB deposit facility rate is […]
Read moreFebruary 4, 2026 10:57 am
Key Moments NZD/USD trades near 0.6040 after failing to hold gains above 0.6063 on Tuesday. New Zealand added more jobs than expected, but unemployment rose to 5.4%, the highest in a decade. Traders now focus on the upcoming US ADP Employment Change report for guidance on USD direction. NZD/USD Pauses Near 0.6040 After Resistance The […]
Read moreFebruary 4, 2026 10:40 am
Key Moments Bank of America cut its end-Q3 and Q4 USD/CNY projections to 6.7 from 6.8, reflecting recent yuan appreciation. The bank highlighted spillover from yuan strength into broader emerging market currency gains. BofA research outlined four distinct currency groupings within China’s CFETS trade-weighted framework. Revised Forecasts Reflect Stronger Yuan Bank of America has lowered […]
Read moreFebruary 4, 2026 10:10 am
Key Moments TD Securities analysts say an absolute majority for PM Takaichi could push JGB yields higher and steepen the curve. They expect higher inflation could drive USD/JPY even higher. The Bank of Japan and major domestic institutions may buy bonds during yield back-ups, providing market support. Election Outlook and Policy Implications TD Securities analysts […]
Read moreFebruary 4, 2026 10:03 am
The EUR/MXN currency pair hovered above a fresh low of 20.3304, its weakest level since August 1st 2024, ahead of the outcome of the European Central Bank’s and the Mexican central bank’s policy meetings. The European Central Bank is largely expected to keep its main refinancing operations rate intact at 2.15% at its February 5th […]
Read moreFebruary 4, 2026 8:46 am
Key Moments: EUR/USD trades near 1.1830 after rebounding from weekly lows around 1.1775 amid a fragile Euro recovery. Markets focus on Eurozone HCOB Services PMI and preliminary HICP inflation data to gauge ECB policy prospects. U.S. ADP Employment Change is set to be the main labor signal this week, as Nonfarm Payrolls are delayed by […]
Read moreFebruary 4, 2026 8:41 am
The EUR/GBP currency pair hovered above a fresh 23-week low of 0.8616 on Wednesday ahead of the outcome of the European Central Bank’s and the Bank of England’s policy meetings. The European Central Bank is largely expected to keep its main refinancing operations rate intact at 2.15% at its February 5th policy meeting. And, the […]
Read moreFebruary 4, 2026 8:37 am
Key Moments EUR/GBP has hovered around 0.8620-0.8627 after sliding to fresh five-month lows and breaking support at 0.8645. Eurozone inflation and Services PMI data are expected to underline weak price pressures and slowing services growth, limiting support for the Euro. The pair has violated the neckline of a large Head & Shoulders pattern, with technical […]
Read moreFebruary 4, 2026 8:07 am
Key Moments USD/CAD trades below the mid-1.3600 area for a second session, with downside momentum appearing limited. Soft Crude Oil prices weigh on the Canadian Dollar, offsetting pressure on the US Dollar from expectations of further Federal Reserve rate cuts. Technical signals point to a cautious bearish bias, with resistance around 1.3651 and 1.3704 and […]
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