February 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 2:30 pm
Key Moments USD/CAD trades near 1.3690 in early European dealings, holding below the 100-day EMA and maintaining a bearish tone. Market expectations for slower Federal Reserve rate cuts and the prospect of Kevin Warsh succeeding Jerome Powell in May 2026 underpin the US Dollar. Key technical levels include resistance at 1.3750 and the 100-day EMA […]
Read moreFebruary 5, 2026 12:29 pm
The EUR/CAD currency pair was constrained within tight daily range on Thursday ahead of the outcome of the European Central Bank’s policy meeting and Canadian jobs data. 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 […]
Read moreFebruary 5, 2026 11:38 am
Key Moments USDJPY has been advancing toward the 159.00 level, where earlier verbal intervention and “rate check” headlines sparked a sharp prior selloff. Stronger U.S. data and firm PMIs have supported a rebound in the U.S. Dollar, with upcoming NFP and CPI releases seen as key confirmation points for the bullish trend. The Bank of […]
Read moreFebruary 5, 2026 11:15 am
The GBP/CAD currency pair extended losses on Thursday, pulling back from a 1-week high of 1.8744, ahead of the outcome of the Bank of England’s policy meeting and Canadian jobs data. The Bank of England is expected to leave its benchmark interest rate intact at 3.75% at its February 5th meeting. In December, the BoE […]
Read moreFebruary 5, 2026 10:49 am
Key Moments USD/CHF has been trading roughly flat around 0.7780, with recovery attempts capped at 0.7818. Support near 0.7740 has contained recent downside moves, preserving a short-term bullish bias. Elliott Wave analysis points to an A-B-C correction targeting the 0.7870-0.7885 resistance zone. Price Action and Fundamental Background USD/CHF is trading little changed on Thursday, hovering […]
Read moreFebruary 5, 2026 10:06 am
Key Moments GBP/JPY trades above 214.00, approaching the 16-year peak near 215.00. Markets expect the Bank of England to keep rates at 3.75%, with the vote split likely driving GBP direction. The Japanese Yen remains under pressure ahead of snap elections, despite strong demand at a 30-year JGB auction. GBP/JPY Extends Rally Toward Multi-Year Highs […]
Read moreFebruary 5, 2026 9:42 am
The GBP/CHF currency pair extended losses on Thursday, pulling further away from a 1 1/2-week high of 1.0661, ahead of the outcome of the Bank of England’s policy meeting. The Bank of England is expected to leave its benchmark interest rate intact at 3.75% at its February 5th meeting. In December, the BoE reduced its […]
Read moreFebruary 5, 2026 9:10 am
Key Moments GBP/USD fell to 1.3627 on Thursday as traders positioned ahead of the Bank of England meeting. Markets expect around 35 basis points of BoE cuts by year-end. One 25 bp move is fully priced, while a second is partially anticipated. Technical signals show a controlled correction within a broader uptrend. Key support lies […]
Read moreFebruary 5, 2026 8:52 am
Key Moments Bitcoin traded 7.6% lower at $70,427.1, briefly touching an intraday low of $70,129.6. Roughly $770 million in crypto positions were liquidated over 24 hours amid thin liquidity and leveraged unwinds. Altcoins and meme tokens broadly declined, with XRP dropping 10% to $1.42 and Ethereum sliding 7.4% to $2,098.92. Bitcoin Extends Slide, Breaks Below […]
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