Monthly Archives: February 2026
Brent crude oil prices rise 16.2% to $70.69 per barrel amid geopolitical tensions
Written on February 2, 2026 at 7:09 pm, by davin
Brent crude oil prices surged 16.2% in January 2026, driven by a weakened dollar and geopolitical tensions, especially around Iran. Traders should brace for volatility and consider strategic option plays. – vtmarketsmy.com
Traders stay cautious, keeping EUR/GBP in a narrow range ahead of interest rate decisions
Written on February 2, 2026 at 7:09 pm, by davin
EUR/GBP stays steady near 0.8660 ahead of key central bank decisions, with BoE’s recent rate cut and ECB’s stable rates suggesting potential opportunities for traders amid low volatility. – vtmarketsmy.com
HSBC predicts the Yen could strengthen against the US Dollar due to rising bond yields.
Written on February 2, 2026 at 7:09 pm, by davin
The Yen is strengthening against the US Dollar, driven by rising bond yields and USD weakness. Investors should brace for volatility and consider strategic trades as market dynamics shift radically. – vtmarketsmy.com
Philip Wee from DBS Bank’s Group Research sees a dovish outlook for GBP/USD ahead of the BOE.
Written on February 2, 2026 at 6:09 pm, by davin
GBP/USD is projected to remain stable between 1.36-1.3730 as markets await the Bank of England’s February meeting, anticipating no rate changes due to persistent inflation and weak economic growth. – vtmarketsmy.com
Pound Sterling strengthens against US Dollar, peaks at 1.3870 before retreating
Written on February 2, 2026 at 6:09 pm, by davin
The Pound Sterling reached a four-year high against the US Dollar, influenced by US political uncertainties and rising expectations for a UK rate hike. Traders should anticipate volatility ahead of key economic data. – vtmarketsmy.com
WTI oil drops to about $61.90 amid reduced Middle East tensions and stable OPEC+ production
Written on February 2, 2026 at 6:09 pm, by davin
Oil prices dropped to $61.90 amid eased Middle East tensions and potential US-Iran deals. OPEC+ holds steady production, impacting market dynamics. Traders should prepare for renewed volatility and demand strength. – vtmarketsmy.com
Commerzbank raises concerns about the future of the Hungarian Forint amid economic challenges and GDP growth issues
Written on February 2, 2026 at 6:08 pm, by davin
The Hungarian Forint faces increasing pressure as weak GDP growth and inflation complicate recovery efforts. Analysts predict the EUR/HUF rate may hit 400.0 by mid-year, prompting strategic trading options. – vtmarketsmy.com
In January, Singapore’s Manufacturing PMI stayed steady at 50.3.
Written on February 2, 2026 at 5:10 pm, by davin
Singapore’s Manufacturing PMI remains stable at 50.3, indicating sideways movement in the sector. Meanwhile, the US shows expansion, offering better trading opportunities, especially in currencies like USD/JPY amidst global economic shifts. – vtmarketsmy.com
Brazil’s S&P Global Manufacturing PMI fell to 47 in January, down from 47.6
Written on February 2, 2026 at 5:10 pm, by davin
Brazil’s manufacturing sector is struggling, with the S&P Global PMI dropping to 47, signaling economic challenges and potential currency weakness. Traders might consider options strategies amid rising market volatility. – vtmarketsmy.com
Bob Savage from BNY highlights the potential for the Australian dollar as the RBA gets ready to increase rates.
Written on February 2, 2026 at 5:10 pm, by davin
The Australian Dollar may rise following a rate hike by the Reserve Bank of Australia, driven by inflation. Traders should prepare for increased volatility and consider AUD/USD options for potential gains. – vtmarketsmy.com
