Forex Today: Focus shifts to BOE and ECB as post-Fed US Dollar weakness continues
Here is what you need to know on Thursday, February 2: The US Dollar Index
EUR/USD: ECB’s current approach to support Euro – Commerzbank
The ECB prepared the market well for today’s rate meeting. Esther Reichelt, FX Analyst at Commerzbank,
US: Private sector employment rises by 106K in January vs. 178K expected
Employment in US private sector grew at a softer pace than expected in January. US
EUR/USD: There is not much resistance now until the 1.12 area – ING
EUR/USD registered impressive gains and climbed above 1.1000 for the first time since early April.
GBP/USD faces rejection near 1.2400 mark, retreats to daily low ahead of BoE
GBP/USD surrenders its modest intraday gains, though the downside remains cushioned. Expectations that the Fed
USD/JPY: 120-125 seen as the target for the next couple of months – TDS
USD/JPY lost more than 100 pips on Wednesday and broke below 129.00. Economists at TD
EUR/USD gives away initial gains and returns to 1.1000 ahead of ECB
EUR/USD advances to fresh highs north of the 1.10000 mark. The pair keeps the bid
ApeCoin Price Prediction: Has the downtrend already started?
ApeCoin price rose by 78% in the month of January. APE breached an ascending wedge
Cardano price is looking to reclaim this level to mark a 17% rally and recover 4-month-old losses
Cardano price is trading at $0.399, maintaining its macro uptrend that began mid-January. The bullish
Altcoin ascension: MAGIC, Optimism and Stargate Finance rally 20% after Powell’s comments
MAGIC, Optimism and Stargate Finance have rallied beyond 20% after the US Federal Reserve’s policy