Monthly Archives: February 2026
Recent data shows that silver prices fell by 7.13% to $77.45 per troy ounce.
Written on February 2, 2026 at 3:09 pm, by davin
Silver prices plunged 7.13% to $77.45, influenced by strong US job data and lower Chinese manufacturing. Despite the drop, silver remains up 8.96% this year, creating trading opportunities. – vtmarketsmy.com
In January, the UK S&P Global Manufacturing PMI reached 51.8, surpassing expectations of 51.6.
Written on February 2, 2026 at 2:10 pm, by davin
UK’s manufacturing sector shows promise with a PMI of 51.8, yet the US Dollar gains strength, impacting GBP/USD and gold. Bitcoin drops below $75,000 amid selling pressure. Market strategies emerging! – vtmarketsmy.com
Silver price (XAG/USD) stays around $77.80 after a 28.45% decline
Written on February 2, 2026 at 2:09 pm, by davin
Silver prices plummet to $77.80 after a 28.45% drop, driven by Trump’s Fed Chair nomination and easing geopolitical tensions. Traders face heightened volatility amid a struggling market. Caution is advised. – vtmarketsmy.com
Euro remains stable against the Yen around 183.55 despite positive PMI data from the Eurozone
Written on February 2, 2026 at 2:09 pm, by davin
The EUR/JPY pair is navigating uncertainties, trading near 183.50 as Eurozone manufacturing data improves, but risk aversion and a weaker Yen complicate the landscape. Traders eye potential upward moves amidst possible interventions. – vtmarketsmy.com
Deutsche Bank report shows silver’s biggest daily drop since 1980, falling by 26.36%
Written on February 2, 2026 at 2:09 pm, by davin
Deutsche Bank reports silver’s biggest drop since 1980, down 26.36% amid hawkish Fed sentiment. Long-term trends show silver’s struggle against inflation, prompting cautious trading strategies and volatility considerations. – vtmarketsmy.com
France’s manufacturing PMI exceeded forecasts, reporting 51.2 instead of 51.
Written on February 2, 2026 at 1:10 pm, by davin
France’s manufacturing PMI signals growth at 51.2, hinting at a potential European recovery. Meanwhile, gold and cryptocurrencies face pressure amid shifting US economic dynamics and Fed expectations. – vtmarketsmy.com
HCOB Manufacturing PMI for Italy meets expectations at 48.1 in January
Written on February 2, 2026 at 1:10 pm, by davin
Italy’s manufacturing sector shows signs of struggle with a PMI of 48.1. Meanwhile, currency markets reflect cautious sentiments, fluctuating gold prices, and Bitcoin consolidating above $68K amid evolving central bank policies. – vtmarketsmy.com
USD/CHF remains strong near 0.7730 ahead of upcoming US ISM PMI data
Written on February 2, 2026 at 1:09 pm, by davin
The USD/CHF pair hovers near 0.7730 amid Kevin Warsh’s Fed chairman nomination, hinting at a stronger US Dollar. Upcoming Nonfarm Payrolls data could amplify expectations for tighter monetary policy. – vtmarketsmy.com
After three days of increases, USD/JPY is trading near 154.90, indicating potential bullish reversal patterns
Written on February 2, 2026 at 1:09 pm, by davin
USD/JPY trades around 154.90, testing support levels amid indecisive momentum. A breakout above 156.00 may signal a bullish trend, while failure could lead to declines towards 150.00. – vtmarketsmy.com
The Euro is trading near the 0.8645 support level, showing a slight upward trend against the Pound.
Written on February 2, 2026 at 12:10 pm, by davin
The EUR/GBP pair hovers around 0.8665 amidst bearish trends, with technical indicators showing mixed signals. Central bank policy divergence suggests potential strategies for traders to capitalize on further declines. – vtmarketsmy.com
