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Financial & Forex Market Recap: Feb. 3, 2026
Markets digested a surprise rate hike from Australia’s central bank while technology stocks tumbled sharply on fears that AI automation tools could disrupt traditional software business models. Geopolitical tensions in the Middle East lifted oil prices even as equity markets rotated from growth to value. Check out the forex news and economic updates you may…
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8979; (P) 0.8994; (R1) 0.9004; More… USD/CHF is staying in consolidations below 0.9020 and intraday bias remains neutral. While another pull back might be seen, downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will resume the rise from 0.8374 and target 61.8% projection of 0.8374 to 0.8956…
S&P 500, Nasdaq 100 Inch Higher Following US PPI Data – MarketPulse
US PPI data came in weaker than expected, leading to increased rate cut bets and a rise in US indices. Th Immediate resistance for the S&P 500 is at 5421, with support at 5330.e June-August period is historically the second-strongest 3-month period for the S&P 500, averaging a 3.2% return. Immediate resistance for the S&P…
What Is Profit Booking and Why Traders Do It? – Edge-Forex
Profit booking is one of the most critical actions a trader takes to protect earnings in financial markets. It refers to selling a part or the entire holding of a stock, commodity, currency pair, or cryptocurrency to secure gains. In simple words, it means converting paper profits into actual returns before market fluctuations take them…
Gold Rebound From 4100 Suggests “Wyckoff Accumulation,” With Two Key Tests Ahead – ActionForex
Gold’s current resilience in the face of the broad-based Dollar rally is raising the possibility that the recent decline has transitioned into a “Wyckoff Accumulation” phase. The sharp drop to 4,100 last week, followed by a swift recovery toward 4,600, suggests that what initially appeared to be a breakdown may instead have been a liquidity-driven…
Dash 2 Trade (D2T/USD) Eyes a Potential Rebound
After trading sideways within the $0.0025 to $0.002 range, Dash 2 Trade is now attempting to rally above the $0.002 level, which previously served as a support zone. While this could initially suggest bearish momentum, historical market performance indicates the potential for a significant bullish reversal. Traders, using the key support level of $0.00168 as…
