Forex News Archive
Professional trading insights from Monday, February 2, 2026
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Monday, February 2, 2026 at a glance
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Archive date: Monday, February 2, 2026
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Forexlive
Time to revise the US economic calendar as the The Bureau of Labor Statistics won’t release the January jobs report as scheduled on Friday because of the government shutdown.Politicians say they will vote to end the shutdown on Tuesday so the market isn't too fussed but this is annoying.Tuesday's JOLTS report has also been postponed.No other country does this nonsense and it's not conductive to smooth capital markets.
Source: Finnhub
investing.com
USD/JPY: Bullish Structure Intact as Volatility Runs Above 90 Day Average
Market Analysis by covering: US Dollar Japanese Yen, US Dollar Index Futures. Read 's Market Analysis on Investing.com
USDJPY
Source: Marketaux
rttnews.com
Warsh - led Boost Limits Dollar's Weekly Losses
Dollar declined during the week ended January 30 despite the boost provided by the appointment of Kevin Warsh as the next Fed Chairman..
AUDUSD
Source: Marketaux
investing.com
USD rebounds as EUR/USD reverses on fading dollar decline narrative
The US Dollar Index (DXY) has staged a recovery, climbing 0.4% to 105.20 as the anticipated dollar decline narrative loses momentum. EUR/USD posted a bearish reversal, falling 0.5% (55 pips) to 1.0780 after failing to sustain gains above the 1.0850 resistance level. The dollar's rebasement trade reflects renewed confidence in US economic resilience despite mixed data, with traders reassessing overly bearish positioning. Technical indicators show the DXY reclaiming its 50-day moving average at 105.00, signaling potential further strength. AUD/USD also retreated 0.3% to 0.6420 as commodity currencies faced pressure. The reversal suggests market participants are repositioning ahead of this week's Fed officials' speeches, which could provide clarity on the monetary policy outlook. Key support for EUR/USD now sits at 1.0750, with a break below potentially accelerating declines toward 1.0700.
EURUSD
AUDUSD
DXY
Sentiment:
Positive
Source: Marketaux
Forexlive
GBP/USD rises as UK manufacturing PMI beats expectations at 51.8
GBP/USD gained 0.2% to 1.2485 following stronger-than-expected UK manufacturing data for January. The final manufacturing PMI came in at 51.8, surpassing both the preliminary reading of 51.6 and December's 50.6, marking the strongest expansion since early 2024. New export orders rose for the first time in four years, with increased demand from Europe, China, and the US driving the improvement. Business optimism reached its highest level since before the 2024 Autumn budget, suggesting sustained economic momentum. The pound's advance was tempered by ongoing geopolitical tensions and uncertainty surrounding the Bank of England's rate trajectory. Technical indicators show GBP/USD facing immediate resistance at 1.2500, with support established at 1.2450. A sustained break above 1.2500 could open the path toward 1.2550, while traders await Thursday's Bank of England policy decision for further directional clarity.
GBPUSD
Sentiment:
Positive
Source: Finnhub
investing.com
Dow 30 speculators flip net long as risk sentiment improves
Commitments of Traders (CoT) data reveals a significant shift in market positioning, with Dow 30 speculators moving to net long positions for the first time in six weeks. This bullish shift in equity sentiment has indirect implications for forex markets, particularly safe-haven currencies. The Japanese yen weakened 0.2% against the dollar as USD/JPY climbed to 146.80, while CHF/USD fell 0.3% as risk appetite improved. Gold spot prices declined 0.8% to $2,735 per ounce, further confirming the risk-on environment. Silver also retreated 1.2% to $31.20. The positioning shift suggests institutional investors are becoming more optimistic about growth prospects, which typically supports higher-yielding currencies over safe havens. Traders should monitor whether this sentiment shift sustains through upcoming economic releases, as it could influence carry trade dynamics and emerging market currency flows.
USDJPY
USDCHF
Sentiment:
Positive
Source: Marketaux
Forexlive
EUR/USD faces pressure as Spain manufacturing PMI disappoints at 49.2
EUR/USD is experiencing downward pressure following Spain's January manufacturing PMI reading of 49.2, slightly below the expected 49.3 and down from December's 49.6. The data reveals Spain's manufacturing sector remains in contraction territory for another month, with the steepest decline in new orders seen in nine months. Export volumes showed accelerated deterioration, contributing to broader weakness in the eurozone's fourth-largest economy. While output conditions stabilized, intensifying cost pressures prompted cuts across purchasing, inventories, and employment. This disappointing Spanish data adds to concerns about eurozone economic momentum, particularly as the ECB maintains its cautious stance on policy easing. Technical indicators suggest EUR/USD could test support at 1.0800 if weak manufacturing data persists across other eurozone nations. Traders await Germany's manufacturing PMI later today for further directional cues on the single currency's near-term trajectory.
EURUSD
Sentiment:
Negative
Source: Finnhub
investing.com
EUR/USD bearish reversal accelerates below 1.0800 as dollar strengthens
EUR/USD has posted a decisive bearish reversal, breaking below the psychological 1.0800 level to trade at 1.0785, down 0.6% (65 pips) in European trading. The pair's failure to sustain last week's rally above 1.0850 has triggered technical selling, with momentum indicators turning negative. EUR/USD futures show increased short positioning as the US dollar decline narrative loses credibility amid resilient US economic data. The 200-day moving average at 1.0820 now acts as resistance, while immediate support lies at 1.0760. Volume analysis indicates heavy selling pressure, with the reversal pattern suggesting potential continuation toward 1.0700. European Central Bank officials remain cautious about growth prospects, providing little support for the euro. Traders are positioning for further dollar strength unless upcoming US data significantly disappoints expectations.
EURUSD
Sentiment:
Negative
Source: Marketaux
economictimes.indiatimes.com
USD/JPY rises as Warsh Fed speculation boosts dollar, Takaichi weakens yen
USD/JPY has strengthened to 152.30, gaining 0.5% as markets price in the potential appointment of Kevin Warsh as Federal Reserve Chair. Warsh's known preference for a smaller Fed balance sheet is fueling expectations of a more hawkish monetary stance, providing underlying support for the dollar. Simultaneously, the yen faces pressure after Japanese Prime Minister candidate Sanae Takaichi expressed support for a weaker currency to boost exports, pushing the pair through the 152.00 resistance level. The upcoming Japanese election remains a critical catalyst, with market participants closely monitoring candidate positions on monetary policy. Technical indicators show immediate resistance at 152.50, coinciding with the October high, while support sits at 151.80. Traders should watch for potential Bank of Japan intervention if the pair approaches 153.00, though political uncertainty may limit immediate action. The combination of Fed speculation and Japanese political dynamics suggests continued volatility in the pair.
USDJPY
Sentiment:
Very Positive
Source: Marketaux