February 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 […]
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 8:02 am
The GBP/SEK currency pair held just below a 2-week high of 12.3101 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 vote, […]
Read moreFebruary 6, 2026 7:39 am
Key Moments NZD/USD traded near 0.5980 in early European dealings after two sessions of declines. Markets have been pricing in two Federal Reserve rate cuts this year, with the first seen in June and a potential second in September. New Zealand’s latest labor report showed unemployment rising to a decade high, leading markets to delay […]
Read moreFebruary 6, 2026 7:00 am
Key Moments Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) dropped back to multi-month lows, wiping out all gains made since the November 2024 US election. BTC slid to $60,000, ETH to $1,747 and XRP to $1.11 on Friday, with all three posting double-digit weekly losses. Technical indicators such as RSI and MACD pointed to persistent […]
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