๐ MARKET UPDATE ๐
๐ช๐บ EURUSD advanced to 1.1834 on February 4, marking a 0.13% increase from the prior session and a 0.96% gain over the past month.
๐ฆ๐บ The Australian Dollar strengthened, pushing above 0.70 after the Reserve Bank of Australia delivered a 25 basis point rate hike, bringing the cash rate to 3.85%.
๐ซ Gold prices continued their rebound, trading around $5,080 per ounce, following a 6.8% surge in its latest swing.
๐ข Brent crude oil futures climbed to $67.80 per barrel, up 0.70% on February 4, driven by escalating geopolitical tensions in the Middle East.
๐ US equity markets showed mixed performance; the S&P 500 (US500) declined 0.8% to close near 6,918 on February 3, with tech stocks struggling significantly.
๐บ๐ธ The US partial government shutdown concluded early after congressional approval of $1.2 trillion in funding, easing market uncertainty.
๐ช Geopolitical tensions heightened as the US Navy shot down an Iranian drone and Iranian vessels harassed a US-flagged oil tanker, directly influencing energy markets.
๐ช๐บ Eurozone banks unexpectedly tightened lending conditions to businesses in Q4 2025, a development attributed to concerns over the economic outlook and reduced risk tolerance.
๐จ๐ณ China's official January Manufacturing PMI, alongside services and construction activity, slipped back into contraction, signaling persistent weakness in domestic demand.
๐ CALENDAR FOR TODAY
๐ ๐บ๐ธ USD - ADP Non-Farm Employment Change - 16:15 GMT+3
๐ ๐บ๐ธ USD - ISM Services PMI - 18:00 GMT+3