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Gold, USD, USD/JPY, EUR/USD, GBP/USD, GBP/JPY Price Action Setups
In last week’s webinar the Dollar had pushed lower after President Trump was asked what he though about the US Dollar weakness, to which he responded, ‘it’s great.’ USD flushed lower and EUR/USD jumped above the 1.2000 level but as we looked at last Tuesday, those were both difficult moves to chase. It was what happened a day later that remains of interest as US Treasury Secretary Scott Bessent offered some comments ahead of the FOMC meeting that helped to bring the USD back to life, and then on Friday some comments from Kevin Hassett made it sound as if the administration wanted to walk back that prior ... (full story)
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From fxstreet.com | Feb 4, 2026
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday. Precious metals remain weighed by a steady US Dollar, buoyed by the end of a two-day ...
From dailyforex.com | Feb 4, 2026
The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one. The gold market has broken quite a bit higher during the trading session here on Tuesday and it now threatens to break above the $5,000 level. The market is doing exactly what I would not ...
From dailyforex.com | Feb 3, 2026
Silver continues to see a lot of noisy behavior as the market initially tried to recover on Monday after plunging right at the open. That being said, we have seen the sellers come back into the silver market and it now is simply hanging around the 50-day EMA. The 50-day EMA sits just below the $80 level, and this suggests to me that we have a lot of ...
