The Bank of England sank the pound

Markets now price the BoE to cut its rate in March.

Neither slowing inflation nor the strength of the euro scared the ECB.

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Gold tries to prove that the bull trend is not yet broken

After the most significant sell-off since 1980, gold is attempting to stabilise. Bears argue that the bubble has burst and events will unfold as they did in 2011. Back then, after falling from record highs, the precious metal entered a multi-year downtrend. Bank of America notes that volatility remains elevated. This allows us to talk about gold as a speculative asset and reduces central banks' demand for bullion. This is especially true given some recovery of confidence in the US dollar.

Bulls argue that the fundamentals of the gold market remain intact. US government debt is growing rapidly, which devalues Treasuries and the greenback. Political and geopolitical risks remain high. The Fed will resume its cycle of policy easing. Also, precious metals do not seem expensive at these levels. The Dow Jones index exceeded its value by 1.3 times in 1980, and during the dot-com crisis, its ratio soared above 40. Currently, it is just over 10.

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🗓 Economic Calendar at 2026/02/08 (GMT)

02:00 🇯🇵 Lower House Elections

06:40 🇬🇧 BOE Governor Andrew Bailey Speaks


[Updated in real time]

🗓 Economic Calendar at 2026/02/09 (GMT)

18:30 🇺🇸 FOMC Member Christopher J. Waller Speaks


[Updated in real time]

The yen played out the ‘buy the rumour, sell the fact’

The LDP's landslide victory in Japan led to a pullback in USDJPY.

China has been buying gold for 15 months in a row, supporting the price.

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▶️ AUDUSD Current situation #tradelikeapro #currencytradingtips #tradingshorts #audusd #currencytrading

Today is Monday, February 9th, and we will talk about the Australian dollar market.

#tradelikeapro #currencytradingtips #tradingshorts #audusd #currencytrading

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Bitcoin has encountered new resistance

The crypto market cap has declined by approximately 10% over the past seven days to $2.36 trillion. Ironically, this appears to be positive news, as it represents a 10% increase from Friday's lows. However, we remain very sceptical about the near future, as the recovery momentum lost steam over the weekend, encountering a sell-off near the $2.4T level. Perhaps we have only seen a bounce on the way down, which is not yet complete.

The sentiment index plunged to 6 over the weekend, repeating the lows of June 18-19 from 2022, and we have only seen this indicator lower on August 22, 2019. By Monday, this indicator had recovered to 14, following the quotes. These are still too low levels for confident purchases.

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Important events of the new week: NFP, inflation, and the Middle East

Another shutdown has delayed the publication of important macroeconomic statistics.

As a result, the monthly jobs report will be released on the 11th of February. Bloomberg experts predict an acceleration in employment growth from 50K to 68K in January, with the unemployment rate stable at 4.4%.

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🇺🇸 US premarket: mixed dynamic 📈 📉

The growth of individual leaders is offset by the decline of some mega-caps, which creates a neutral risk sentiment.

In the Electronic Technology sector, NVIDIA (NVDA) shares are down -0.64%, while Apple (AAPL) shares are down -0.13%.

In the finance sector, Berkshire Hathaway (BRK.B) shares are down -0.36%, while JPMorgan Chase (JPM) shares are down -0.29%.

In the Technology Services sector, Microsoft (MSFT) shares are up +1.02%, while Alphabet (GOOGL) shares are down -0.45%.

The mixed dynamics of the largest US companies do not form a clear risk-on or risk-off regime: demand for defensive dollar assets and treasury bonds remains moderate, and short-term expectations for the dollar are neutral.

USDCHF Wave Analysis – 9 February 2026

- USDCHF reversed from resistance level 0.7800

- Likely to fall to support level 0.7600

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EURUSD Wave Analysis – 9 February 2026

- EURUSD reversed from support zone

- Likely to rise to resistance level 1.2000

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🗓 Economic Calendar at 2026/02/10 (GMT)

13:15 🇺🇸 ADP Weekly Employment Change Actual: 6.5K

13:30 🇺🇸 ⚡️ Retail Sales — Exp: 0.4% | 0.3% Actual: 0.0% | 0.0%


[Updated in real time]