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Gold approaches $5,100 amid sustained safe-haven buying, ahead of US macro data
Gold (XAU/USD) builds on a solid recovery from the $4,400 mark, or a four-week low touched on Monday, and gains strong follow-through positive traction for the second straight day on Wednesday.
Gold: Prices surge after slump – Deutsche Bank
Deutsche Bank's Macro Strategy report highlights a significant recovery in Gold prices, which posted their largest daily gain since 2008. Gold rose by 6.12% to $4,947/oz, with further increases noted overnight.
WTI slides toward $63.00 as US refiners struggle to absorb Venezuelan crude
West Texas Intermediate (WTI) Oil price declines after registering nearly 3% gains in the previous session, trading around $63.50 per barrel during the early European hours on Wednesday.
ADP Employment Report expected to highlight another month of modest hiring
The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for January on Wednesday.
USD/CAD Price Forecast: Seems vulnerable below mid-1.3600s as traders await US data
The USD/CAD pair turns lower for the second straight day and trades below mid-1.3600s through the early European session on Wednesday, though the downtick lacks bearish conviction amid mixed cues.
Is Palantir a top tech pick for 2026 after strong Q4 results and guidance?
Spiking nearly +7% in Tuesday’s trading session, Palantir Technologies (PLTR - Free Report) stock made headlines after delivering a blowout Q4 report yesterday evening.
USD: Market expectations and Fed Chair nomination – Rabobank
Rabobank's RaboResearch Team discusses the implications of Warsh's nomination as Fed Chair and the market's expectations regarding interest rate cuts. The report highlights that investors are pricing in less than two cuts by the end of 2026, with no full cut expected until July.
Forex Today: Market focus shifts to Eurozone inflation and key US data
Here is what you need to know on Thursday, February 4:
AUD/USD: RBA hikes rates amid inflation concerns – Commerzbank
The Reserve Bank of Australia (RBA) raised its cash rate by 25 basis points to 3.85% and maintained a hawkish bias due to persistent inflationary pressures.
USD/INR trades with caution on FIIs return after US-India trade deal confirmation
The Indian Rupee (INR) demonstrates strength against the US Dollar (USD) on Wednesday, with the USD/INR pair holding onto losses near 90.55.
Japanese Yen bears retain control; USD/JPY eyes mid-156.00s despite softer USD
The Japanese Yen (JPY) remains on the back foot against its American counterpart for the fourth consecutive day and slides to a nearly four-week low heading into the European session on Wednesday.
USD: Government shutdown ends – UBS
US President Trump signed a bill ending the government shutdown, a situation that has become so commonplace that markets barely registered it.
Australian Dollar steadies as US Dollar remains subdued ahead of ISM Services PMI
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair holds ground after China's Services Purchasing Managers' Index (PMI) rose to 52.3 in January from 52.0 in December.
Gold: Strong rebound after sharp declines – UOB
Gold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce.
EUR/JPY Price Forecast: Positive outlook remains intact, first upside barrier emerges near 186.00
The EUR/JPY cross attracts some buyers near 184.95 during the early European session on Wednesday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid fiscal concerns on the back of Japanese Prime Minister Sanae Takaichi's reflationary policies.
Russia S&P Global Services PMI: 53.1 (January) vs 52.3
Russia S&P Global Services PMI: 53.1 (January) vs 52.3
USD/CHF trades flat around 0.7750 as US Dollar wobbles ahead of key US data
The USD/CHF pair trades in a tight range around 0.7750 during the late Asian trading session on Wednesday.
EUR/USD gains ground above 1.1800 ahead of Eurozone HICP release
The EUR/USD pair trades on a firmer note near 1.1830 during the early European session on Wednesday. Nonetheless, the upside for the major pair might be limited as traders remain cautious after a partial government shutdown swiftly ended.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at 1.3869
GBP/USD steadies after registering modest gains in the previous session, trading around 1.3700 during the Asian hours on Wednesday. The technical analysis of the daily chart points to a potential bearish reversal as the range narrows, indicating waning buyer momentum within a rising wedge pattern.
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