Monthly Archives: February 2026
China’s services PMI reaches 52.3, exceeding the expected 51.8
Written on February 4, 2026 at 8:09 am, by davin
China’s services sector shows growth with a PMI of 52.3, while the US faces a tech stock sell-off. Gold thrives amid uncertainty, but cryptocurrencies plummet, signaling market volatility. – vtmarketsmy.com
The USD/CNY reference rate is set at 6.9533, down from the previous 6.9608.
Written on February 4, 2026 at 8:09 am, by davin
The People’s Bank of China set the USD/CNY reference rate at 6.9533, signaling confidence in economic stability. This suggests traders should brace for reduced volatility and consider range-bound strategies. – vtmarketsmy.com
EUR/USD exchange rate stays above 1.1800 as traders await Eurozone and US statistics
Written on February 4, 2026 at 7:09 am, by davin
EUR/USD is at 1.1815, with traders eyeing upcoming Eurozone inflation data and US employment reports. Anticipate volatility and potential bullish moves due to expected Fed rate cuts, but watch key support at 1.1775. – vtmarketsmy.com
US dollar rises to approximately 155.85 against the yen amid political instability in Japan
Written on February 4, 2026 at 7:09 am, by davin
The USD/JPY pair climbs to 155.85 amid Japan’s political turmoil and inflation. Takaichi’s policies weaken the Yen while US rate stability boosts Dollar strength, signaling profitable trading opportunities ahead. – vtmarketsmy.com
Japan’s Jibun Bank services PMI reaches 53.7, surpassing expectations of 53.4
Written on February 4, 2026 at 7:09 am, by davin
Japan’s January Services PMI hit 53.7, indicating strong growth. Analysts predict potential rate hikes and yen appreciation as key economic indicators and wage negotiations loom, despite complex challenges for exporters. – vtmarketsmy.com
XAU/USD approaches $4,985 as safe-haven demand rises from US-Iran tensions
Written on February 4, 2026 at 7:09 am, by davin
Gold prices are rebounding near $4,985 amid ongoing Middle East tensions and speculation over Federal Reserve policies. Key market strategies may capitalize on upcoming fluctuations driven by these geopolitical and economic factors. – vtmarketsmy.com
NZD/USD stays strong at 0.6050 after US employment data, despite dollar weakness
Written on February 4, 2026 at 6:10 am, by davin
The NZD/USD hovers near 0.6050, influenced by a weaker US Dollar and rising New Zealand unemployment. Traders should watch Chinese economic data and potential central bank shifts for market direction. – vtmarketsmy.com
Pound Sterling fluctuates near 1.3700 against the US Dollar ahead of the Bank of England’s decision
Written on February 4, 2026 at 6:09 am, by davin
The GBP/USD pair approaches 1.3700 as traders await the Bank of England’s rate decision, with potential for surprise volatility. Strong economic signals and conflicting data create a cautious trading environment. – vtmarketsmy.com
The GDT Price Index in New Zealand rises to 6.7%, up from 1.5%
Written on February 4, 2026 at 6:09 am, by davin
Market trends are shifting, with gold rising amidst tech stock declines, increased NZ GDT prices boosting the Kiwi dollar, and traders awaiting crucial Eurozone inflation data. Stay strategic! – vtmarketsmy.com
OCBC Bank analysts propose a gradual appreciation trend for the Yuan as acceptance of its strength grows.
Written on February 4, 2026 at 6:09 am, by davin
OCBC Bank reports a controlled appreciation of the Renminbi (CNY), promoting market stability. Traders should focus on low-volatility strategies while monitoring USD/CNY fixes for any policy shifts. – vtmarketsmy.com
