The dollar index steadied above 96 after hitting a four-year low, supported by Treasury Secretary Scott Bessent’s reaffirmation of a strong dollar policy despite earlier signals favoring a weaker currency.
In Japan, the 10-year bond yield fell to 2.24% after a solid 40-year bond auction eased fiscal concerns. Meanwhile, gold extended its record surge above $5,500 an ounce as dollar weakness and heightened economic and geopolitical uncertainty increased safe-haven demand.
| Time | Cur. | Event | Forecast | Previous |
| 13:30 | USD | Initial Jobless Claims | 206K | 200K |
EUR/USD climbed above 1.1950 on Thursday, reaching toward 1.1980 during early European trading. The pair found support after the Federal Reserve kept interest rates at 3.5%–3.75% during its first 2026 meeting. Market attention now shifts toward the White House, with President Trump expected to name a successor to Jerome Powell within the coming week.
Momentum remains constructive, with 1.1950 in focus on the upside, while 1.1810 defines nearby support.
| R1: 1.1950 | S1: 1.1810 |
| R2: 1.2000 | S2: 1.1760 |
| R3: 1.2050 | S3: 1.1680 |
The Japanese yen remains strong against a softening dollar, underpinned by a hawkish Bank of Japan and the Federal Reserve’s recent decision to pause rate hikes. While JPY attracted dip-buying on Thursday, gains are being checked by domestic challenges. Prime Minister Sanae Takaichi’s aggressive spending plans have sparked fiscal health concerns, while political uncertainty ahead of the February 8 snap election limits broader bullish momentum.
Technically, resistance stands near 153.20, while support is firm at 152.50.
| R1: 153.20 | S1: 152.50 |
| R2: 153.90 | S2: 151.80 |
| R3: 155.10 | S3: 150.40 |
Gold hit a record $5,500 on Thursday as the dollar index touched four year lows. Momentum spiked after President Trump indicated comfort with a weaker currency, despite his recent tariff threats and criticism of the Federal Reserve. The Fed held rates at 3.5%–3.75%, noting high inflation and early labor stabilization, though two officials favored a cut. Supported by fiscal anxiety, U.S.–Iran tensions, and strong central bank and ETF demand, the yellow metal has now surged nearly 18% this year.
Technically, resistance stands near 5599, while support is firm at 5440.
| R1: 5999 | S1: 5440 |
| R2: 5650 | S2: 5350 |
| R3: 5700 | S3: 5300 |
GBP/USD rose toward 1.3850, touching 1.3869 for its highest level since late 2021. The pair maintains a bullish short-term outlook, staying above key nine-day and 50-day moving averages. However, with the RSI near 75 in overbought territory, momentum appears stretched, indicating that the recent rally may soon consolidate.
From a technical view, support stands near 1.3800, with resistance around 1.3850.
| R1: 1.3850 | S1: 1.3800 |
| R2: 1.3900 | S2: 1.3770 |
| R3: 1.3950 | S3: 1.3710 |
Silver hit a historic peak exceeding $117 per ounce on Thursday, pushing year to date gains past 60%. Strong safe haven demand persists as investors navigate global economic and geopolitical instability. Even with the Federal Reserve holding interest rates steady and a slight rebound in the dollar, hedging against currency risk remains a priority. Persistent trade friction and Middle East tensions continue to fuel this record breaking rally.
From a technical view, resistance stands near $119.45, while support is located around 117.15.
| R1: 119.45 | S1: 117.15 |
| R2: 120.46 | S2: 116.00 |
| R3: 121.52 | S3: 115.50 |
The dollar index stabilized near 98.8 Thursday as a reported U.S. submarine sinking of an Iranian warship near Sri Lanka and the sixth day of the U.S.–Israeli campaign fueled fears of a prolonged, inflationary conflict.
Global markets remain dominated by geopolitical risk as escalating conflict between the United States, Israel, and Iran fuels a strong shift toward safe-haven assets. The dollar index hit 99.3 Wednesday, rising for a third day as conflict concerns fueled inflation and shifted Fed rate cut expectations from July to September.
A US court rejected Trump's tariff refund delay as the Dollar (98.5) and 10 year yield (4.04%) held gains amid Middle East escalation and inflation fears.
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