USD in the spotlight: latest news

Bitcoin prices have fallen to $78,000 as panic selling affects the cryptocurrency market, coinciding with significant declines in gold and silver prices. The situation raises concerns about whether the sell-off is nearing its end.

The weekly forecast for major markets from February 1 to February 6, 2026, covers oil, forex, gold, silver, and indices, highlighting key levels and providing an outlook on market trends.

This past week saw significant movements in the value of the US dollar and other major currency pairs. Speculation regarding possible official intervention influenced the USD-JPY exchange rate, causing it to drop sharply.

The Australian dollar started the year on a strong note but is now facing resistance as various AUD currency pairs approach critical levels. Despite expectations of a rate increase from the Reserve Bank of Australia (RBA), the currency may consider a retreat.

Gold prices fell sharply following Trump's nomination of Kevin Warsh as Federal Reserve Chair, leading to a significant risk-off reaction in the market. However, this correction seems to be a reset rather than a complete reversal of the trend.

As January 2026 comes to a close, currency traders face critical decisions due to differences in central bank policies and ongoing technical developments. Following a 175 basis point increase in interest rates, the market is experiencing continued selling pressure on the Dollar.

The GBP/USD exchange rate has declined from its four-year highs following a rebound in the dollar, driven by speculation surrounding Kevin Warsh's potential appointment.

The weekly Forex forecast for February 1 to 6, 2026, includes predictions for EUR/USD, crude oil, Bitcoin, silver, and gold. It outlines key support and resistance levels, expected volatility, and recommended trading strategies for the upcoming week.

The AUD/USD exchange rate is currently stabilizing around 70 cents as expectations for a Reserve Bank of Australia (RBA) interest rate hike increase. However, the market positioning appears crowded, and technical indicators suggest a potential short-term pullback.

The USD/JPY currency pair begins the week with uncertainty, as traditional factors like interest rate differentials and investor sentiment provide minimal direction.

Mortgage approvals in the UK fell to 61,013, missing the forecast of 64,800. This decline impacted the market, with the EUR/USD rising and gold prices surging. Meanwhile, cryptocurrencies and Microsoft experienced declines amidst ongoing market uncertainty.

Universal Digital, a foreign payment token issuer based in Abu Dhabi, has introduced USDU, the first USD-backed stablecoin. This launch is part of a broader trend in the crypto market, which has seen Tron and Worldcoin experience declines. Meanwhile, DeepSnitch AI is generating excitement with a bold 300X forecast.

The GBP/USD weekly forecast appears subdued as markets have reduced some of their weekly gains due to a recovery in the dollar and profit-taking activities.

Gold has surpassed $5000 per ounce, raising questions about its potential for further profit or the possibility of a market correction. This article explores the outlook for gold as a safe haven investment in 2026.

Recent weeks have seen significant geopolitical turbulence and dramatic headlines, yet the primary shift in the markets has been a declining US dollar. The dollar has continued to weaken amidst these developments.

Betting markets are increasingly favoring Kevin Warsh as the next Federal Reserve chair ahead of the announcement on Friday. This shift has led to a strengthening of the US dollar and heightened risks of a squeeze in the USD/JPY currency pair, especially in light of weak economic data from Japan.

The most recent U.S. Producer Price Index data shows a 0.5% increase, surpassing expectations and indicating possible upward pressure on consumer prices. This trend signals a bullish outlook for the U.S. dollar in 2026.

The EUR/USD weekly forecast indicates a potential correction downward, even though the pair closed the week with overall gains, influenced by the movements of the US dollar.

The USD/CAD exchange rate was approximately 1.3624 at the end of trading in London. Although it experienced a late-week rebound, it continues to remain significantly below previous levels, indicating potential selling opportunities for investors.

The Pound Sterling (GBP) has gained significant bullish momentum against the US Dollar (USD), with the GBP/USD pair reaching its highest level in four years, approaching 1.3870.

GBP/USD remains strong above the 1.3750 support level on Thursday, driven by ongoing weakness in the US dollar. The current consolidation indicates bullish momentum, reflecting the divergence between central bank policies.

The EUR/USD pair experienced significant movement during the last week of January, reaching a multi-year high of 1.2082. However, it later pulled back and reduced most of its weekly gains ahead of the European Central Bank's meeting and ongoing developments related to former President Trump.

The EUR/USD exchange rate experienced a significant decline as investors responded to increasing expectations that Kevin Warsh will be appointed as the next Federal Reserve Chair.

The AUD/USD pair has pulled back from the 0.71 resistance level as risk sentiment declines. Traders are now eyeing the 0.69 level for a potential rebound, particularly in light of the differing monetary policies between the Reserve Bank of Australia and the Federal Reserve.

The Euro to US Dollar exchange rate (EUR/USD) has dropped to 1.1892, continuing a late-week decline after it struggled to maintain levels above the critical 1.20 mark.