Categories: Market Overview

FxPro Daily Insight for February 6

Market overview

Stock markets are boosting amid robust US macro data and positive news about the spread of coronavirus. Brent crude turned down the last hours after a rebound on Wednesday. Gold rose to $ 1563, gaining support after the drop below $1550. RUB and ZAR are in a correction on Thursday afternoon after an impressive growth earlier this week. EURUSD suspended the decline at 1.1000. GBPUSD slid below 1.3000. USDCAD rally from 1.300 to 1.3200 over the past three weeks has caused the FxPro traders to divide 4.15% to 95.85% in favour of Sell. For AUDUSD, we see the mirrored situation, despite the growth of the pair this week.

Important events (GMT): 13:30 US !! Jobless Claims 14:15 US !! FOMC Member Robert Kaplan Speaks 22:30 AU !!! RBA Governor Philip Lowe Speaks 00:30 AU !!! RBA Monetary Policy Statement Cn !! Trade Balance

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

2 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

2 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

2 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

2 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

3 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

3 days ago

This website uses cookies