USD/JPY slips below 155.00, signaling bearish momentum as the pair trades within a descending channel. Key supports near 154.20 and 153.50 could be tested amid easing U.S. yields and rate cut speculation. Traders eye RSI and MACD for confirmation of further downside. #FX #Trading
President Trump’s nomination of Kevin Warsh as Federal Reserve Chair signals a potential shift toward tighter monetary policy, with markets already pricing in higher interest rates and a stronger US dollar. How might Warsh’s hawkish stance impact economic growth and asset markets in the coming years?
GBP/USD Weekly Forecast (Feb 1-6, 2026): The pair faces key tests amid mixed signals. Fed hawkishness may support USD, while BoE caution and UK economic data could keep GBP afloat. Watch US NFP on Friday for major volatility. Support near 1.2500; resistance at 1.2770–1.2850 critical for bulls. Traders should monitor macro events closely for directional clues. Original analysis by Mahmoud Abdallah, DailyForex.com.
The S&P 500 hit an all-time high of 5049 on Feb 1, 2026, completing a key Elliott Wave five-wave impulse pattern that began with the 2020 COVID low. This suggests the long-term bull market may be ending and a major correction could follow. Investors should watch for confirmation signals and prepare accordingly. Full analysis: https://ewminteractive.com/elliott-wave-analysis-sp500-february-2nd-2026
AUD/USD H1 chart reveals a classic Head and Shoulders pattern with a confirmed breakdown below the 0.6650 neckline, signaling a potential bearish reversal. Traders should watch for further downside targets and manage risk accordingly. Analysis inspired by BabaJabaGod on TradingView. #Forex #AUDUSD #TechnicalAnalysis
USD/JPY weekly outlook: Markets eye Bank of Japan’s Summary of Opinions for clues on possible policy shifts amid persistent yen weakness. Key Japanese inflation and industrial data due Friday. In the US, jobless claims and June NFP report will influence Fed rate bets. Watch for hawkish/dovish tones shaping short-term moves and safe-haven flows.
Markets are testing critical levels across EUR/USD, gold, the DAX 40 and Russell 2000. EUR/USD battles resistance near 1.0916 while gold holds above $2,325 awaiting a breakout. The DAX shows resilience from support but lacks momentum. Watch for key economic data shaping next moves. Full insights by Axel Rudolph at FXEmpire.
The latest US oil rig count fell slightly short of forecasts at 411 rigs versus the expected 412, signaling potential shifts in near-term energy output. This small divergence has spurred volatility across oil prices, energy stocks, and forex markets—impacting the US dollar and commodity-linked currencies as traders reassess supply dynamics and global demand trends. For detailed analysis and trading updates, see the full VT Markets report.
This week’s forex outlook centers on global central banks’ policy moves and former Fed Governor Kevin Warsh’s Congressional testimony. With inflation uncertainty and geopolitical risks shaping markets, Warsh’s remarks may signal shifts in U.S. monetary policy, while key data and decisions from the RBA, BoE, and BoC add layers of complexity for traders worldwide.
Gold prices plunged below $2,000 amid rising inflation data and speculation over a more hawkish Fed leadership. Expectations of higher interest rates boosted the dollar, increasing the opportunity cost of holding gold and triggering technical selling. Investors should monitor upcoming Fed decisions and inflation reports as markets navigate heightened volatility.
