Market Analysis Summary
Gold & Silver Rebound, Eyes on U.S. Retail Sales
Market Highlights (February 10, 2026)
U.S. equities experienced a steady climb on Monday, following a volatile start. The S&P 500 and Nasdaq saw gains, primarily driven by a rebound in technology shares after a previous week's decline. The Dow Jones Industrial Average closed up by 0.04%, the S&P 500 increased by 0.47%, and the Nasdaq rose by 0.9%. Concurrently, U.S. Treasury yields decreased, and the U.S. Dollar Index fell by 0.82% to 96.81.
Gold prices surged by 2% overnight, buoyed by a weaker dollar. Investors are keenly awaiting a series of U.S. economic data releases this week to gauge the Federal Reserve's policy direction. Additionally, international oil prices rose after the U.S. government advised vessels flying the U.S. flag to avoid Iranian territorial waters in the Strait of Hormuz and the Gulf of Oman.
Key Outlook
The focus today is on the U.S. Retail Sales report, a crucial indicator of consumer spending momentum. The report is anticipated to show a moderate increase, with monthly retail sales expected to rise by 0.5%, slightly down from the previous 0.6%. Also noteworthy is the January NFIB Small Business Optimism Index, which has remained stable and is expected to hover around the 100 level.
Key Data and Events
- 19:00 - US NFIB Business Optimism Index (JAN)
- 21:30 - US Retail Sales MoM (DEC)
Upcoming events include a Japan holiday, the EIA Monthly Oil Market Report, and various reports on crude oil stock changes and inflation data.
Market Analysis
EURUSD
Resistance: 1.1965/1.2025 | Support: 1.1831/1.1771
The EURUSD pair moved higher due to broad dollar weakness, with resistance near 1.1965–1.2025 and support around 1.1831–1.1771.
GBPUSD
Resistance: 1.3809/1.3871 | Support: 1.3544/1.3482
The GBPUSD pair rebounded but faced pressure from UK political uncertainty, with resistance near 1.3809–1.3871 and support at 1.3544.
USDJPY
Resistance: 156.37/157.04 | Support: 154.89/154.23
The USDJPY pair pulled back amid dollar weakness, with resistance at 156.37–157.04 and support around 154.23–154.89.
US Crude Oil Futures (MAR)
Resistance: 64.48/65.01 | Support: 63.31/62.79
WTI crude oil prices firmed as Middle East tensions eased, with resistance at 64.48–65.01 and support at 62.79–63.31.
Spot Gold
Resistance: 5149/5202 | Support: 4929/4877
Gold prices surged on a weaker dollar, with support around 4,877–4,929 and resistance near 5,149–5,202.
Spot Silver
Resistance: 87.32/89.39 | Support: 76.84/74.40
Silver prices are also influenced by the dollar's performance, with key support and resistance levels outlined.
Dow Futures
Resistance: 50374/50516 | Support: 49916/49772
Dow Futures reached a record close, with support at 49,772–49,916 and resistance at 50,374–50,516.
NAS100
Resistance: 25584/25807 | Support: 25044/24867
The NAS100 index extended its rebound, with support at 24,867–25,044 and resistance at 25,584–25,807.
Bitcoin (BTC)
Resistance: 74453/78937 | Support: 64344/59935
Bitcoin stabilized above $70,000, with key resistance at 74,453–78,937 and support levels outlined.