The US dollar lost more land on Tuesday while market participants continued to evaluate the narrative of US tariffs and possible reprisal measures by China.
This is what you need to know on Wednesday, February 5:
The DXY dollar index failed to recover the bullish impulse, maintaining trade well above the 108.00 barrier in the midst of concerns about targets and higher yields in the US. The employment change report will monopolize all eyes , followed by MBA mortgage requests, the final S&P services PMI, the ISM services PMI and the EIA weekly report on the US oil reserves of the US , Barkin, Goolsbee and Bowman of the Fed.
The EUR/USD took a strong rhythm and reversed six days of losses, advancing to the village of the key level of 1,0400 on Tuesday. The HCOB final services PMIS in Germany and the euro zone are expected, followed by production prices in the block and LANE speech of the ECB.
The GBP/USD joined the progress of Monday and reviewed the limits of the 1,2500 key barrier due to the persistent posture offered in the dollar. All attention will be in the publication of the PMI of final S&P services.
The USD/JPY maintained the erratic performance well instead, reversing the back of Monday and reviewing the 155.50 zone. The Jibun Bank final services and average cash gains will be published.
The Aud/USD bounced from the minimum of several years on Monday. Although he failed to extend the rebound beyond the 0.6260 region, he printed marked profits for the day. The Group AI manufacturing index is the following in Australia.
WTI prices achieved a marking return after reaching new minimums near the level of 70.00 per barrel, ending the day with humble profits.
Gold prices rose to a historical maximum around $ 2,840 per Troy ounce amid the dollar setback and the constant nerves around the Trump tariff plan. Silver prices won more impulse and exceeded the level of 32.00 per ounce for the first time since mid -December.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
