🔔 MARKET UPDATE 🔔

🎯 Forex majors saw mixed movements with the Euro facing headwinds from central bank speculation while the US Dollar firmed.

🇪🇺 EURUSD traded within a narrow range, hovering around 1.1853-1.1855 after a report on ECB President Lagarde's potential early departure caused some initial weakening.

🍫 Gold prices rose slightly, with spot gold gaining to $5,019.32 per troy ounce, following a rally in the previous session.

📈 US equities closed higher, as the S&P 500 rose 0.56% to 6,881.31 points, while the tech-heavy Nasdaq Composite gained 0.78% to 22,753.63 points.

🤖 Technology stocks led the gains, notably Nvidia, which climbed 1.6% after Meta Platforms announced a major partnership to use its chips for AI data centers.

🏛 Minutes from the Federal Reserve's January meeting revealed that policymakers were generally aligned on holding rates, yet expressed a split view on the future path, with some open to hikes if inflation persists and others to cuts if inflation declines.

🇪🇺 A report suggesting ECB President Christine Lagarde might step down early introduced uncertainty, contributing to a weaker Euro.

🇨🇳 China's economy grew by 5% in 2025, with a projected 4.5% growth in 2026, though domestic demand remains subdued due to the property slump and a weak social safety net.

🛢 OPEC+ members have reaffirmed their decision to pause oil production increases for February and March 2026, citing seasonal demand and a cautious approach to market stability.

🗓 CALENDAR FOR TODAY

🟠🇳🇿 AUD - Employment Change - 03:30 GMT+3

🟠🇳🇿 AUD - Unemployment Rate - 03:30 GMT+3

🟠🇺🇸 USD - Unemployment Claims - 16:30 GMT+3