U.S. Equities Slide, Precious Metals Volatile, Currencies React to Central Bank Signals and Weak Job Data

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Forex Market 

Broad Risk-Off Tone Lifts USD; AUD and GBP Underperform 
Broad risk aversion dominated FX markets as heavy losses across equities, precious metals, and crypto drove demand for the USD, with the Dollar Index firming by 0.3% while AUD and GBP underperformed. AUD/USD traded within a 0.6940–0.7007 range, finding support near 0.6950 before settling around 0.6970, while GBP/USD slid to a two-week low near 1.3535 following a dovish hold from the Bank of England. Elsewhere, EUR/USD remained muted post-ECB, ranging between 1.1780 and 1.1822, while USD/JPY held firm near 157.0 amid continued USD strength. The greenback remains supported by deteriorating risk sentiment and softer global growth signals.

 

General Market

Wall Street

  • Dow Jones -1.0% | 49,013
  • S&P 500 -1.0% | 6,811
  • Nasdaq -1.3% | 22,611
  • VIX +12.0% | 20.88

Asia-Pacific

  • ASX 200 -0.4% | 8,889
  • Nikkei -0.9% | 53,818
  • Shanghai Comp -0.6% | 4,076

Europe

  • FTSE 100 -0.9% | 10,309
  • DAX -0.5% | 24,491
  • CAC 40 -0.3% | 8,238

 

Headlines to Watch

Australia

  • RBA Governor Bullock speaks at 9:30am, closely watched after the RBA’s recent hawkish shift.

United States

  • Rising jobless claims and weaker JOLTS openings lifted Treasury prices and slightly increased June Fed cut expectations.
  • Non-Farm Payrolls delayed until 11 Feb due to the government shutdown.

United Kingdom

  • BoE held rates at 3.75%, but a 5–4 dovish split triggered a sharp GBP selloff.

Global Markets

  • Precious metals saw extreme volatility: Silver -16%, Gold -3%.
  • Crypto rout deepened with Bitcoin -13%, now ~50% below October highs.
  • Ongoing USD strength reflects broad de-risking across global assets.
Currency PairMid-market Rate
AUD/USD0.6917
AUD/NZD1.1641
AUD/JPY108.52
AUD/CNY4.7980
AUD/EUR0.5873
AUD/GBP0.5114
AUD/HKD5.4042

 

 

 

 

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