Monthly Archives: February 2026
Silver prices remain above recent lows at $73.33, cautiously hovering near $80.
Written on February 2, 2026 at 5:09 am, by davin
Silver prices struggle to rebound amid a strong US Dollar and profit-taking, currently hovering around $80. Demand in industry and the Gold/Silver ratio suggest potential for future growth despite challenges. – vtmarketsmy.com
NZD/USD rises above 0.6000 after Chinese PMI data release, demonstrating strength against the USD
Written on February 2, 2026 at 4:09 am, by davin
Positive Chinese PMI data lifts NZD/USD to 0.6025, but strong US producer prices and Federal Reserve Chair speculation create volatility. Market focus shifts to upcoming US ISM Manufacturing PMI for further direction. – vtmarketsmy.com
USD/JPY stabilizes above 155.00 after three days of increases, reflecting the BoJ’s cautious tightening approach
Written on February 2, 2026 at 4:09 am, by davin
The USD/JPY pair stabilizes above 155.00 as the Bank of Japan maintains a gradual tightening approach. With the US Dollar gaining strength, traders eye strategic derivative plays amid potential policy shifts. – vtmarketsmy.com
In January, China’s RatingDog Manufacturing PMI rose to 50.3, matching December’s expected levels.
Written on February 2, 2026 at 4:09 am, by davin
China’s manufacturing PMI hints at slight economic growth, but the Australian dollar remains vulnerable due to fluctuating iron ore prices and RBA interest rate policies. Volatility is expected ahead. – vtmarketsmy.com
Forecasts for China’s January RatingDog Manufacturing PMI align with expectations at 50.3
Written on February 2, 2026 at 3:09 am, by davin
China’s manufacturing PMI is stable at 50.3, signaling expansion with limited market movement. Traders are focusing on currency and commodity strategies as geopolitical tensions and central bank policies shape global economic outlooks. – vtmarketsmy.com
The GBP/USD pair stays steady at 1.3695 as market participants assess Warsh’s views on the Fed.
Written on February 2, 2026 at 3:09 am, by davin
GBP/USD stabilized near 1.3695 as markets evaluate impacts of Kevin Warsh potentially leading the Fed and the BoE’s rate decisions amid diverging economic conditions. Traders anticipate volatility ahead. – vtmarketsmy.com
EUR/USD trading around 1.1840, held below 1.1850 by Fed policy influences
Written on February 2, 2026 at 3:09 am, by davin
The EUR/USD pair is trending downwards as the strong US Dollar rises on Fed Chair Warsh’s appointment and steady inflation. Traders should consider put options for potential profits amid weak Eurozone growth. – vtmarketsmy.com
The PBOC sets the central rate for USD/CNY at 6.9695, which is different from 6.9678.
Written on February 2, 2026 at 3:09 am, by davin
China’s yuan reference rate at 6.9695 signals a weaker currency, reflecting economic concerns. Crypto markets decline as Bitcoin nears its November low. Traders eye volatility strategies amid shifting policies. – vtmarketsmy.com
In January, Australia experienced an increase in ANZ job advertisements from -0.5% to 4.4%.
Written on February 2, 2026 at 2:09 am, by davin
ANZ job ads surged 4.4% in January, signaling a stronger labor market and bolstering expectations for hiring. This shift may impact interest rates and economic outlook, urging caution among traders. – vtmarketsmy.com
OPEC+ decides to maintain oil production levels for March, with a meeting set for March 1.
Written on February 2, 2026 at 2:09 am, by davin
OPEC+ is holding oil output steady for March to stabilize the market, while WTI prices are influenced by global demand and supply dynamics. Upcoming inventory reports could shift market sentiment significantly. – vtmarketsmy.com
