Market Analysis Summary - February 9, 2026

Market Highlights

The Dow Jones Industrial Average has surpassed the significant milestone of 50,000 points, marking a historic achievement. This surge was accompanied by a notable increase in the S&P 500, largely driven by a rally in semiconductor stocks, particularly Nvidia. In contrast, Amazon's stock experienced a decline following the company's warning about a substantial increase in its AI infrastructure expenditures. Over the past week, the Dow rose by 2.5%, while the S&P 500 saw a slight decrease of 0.1%, and the Nasdaq fell by 1.9%.

Currency and Commodity Movements

The U.S. dollar has retreated from a two-week high, resulting in a 0.34% decline in the U.S. Dollar Index during late trading, although it still recorded a weekly increase of 0.5%. Gold prices rebounded due to dip-buying demand and a softer dollar, rising approximately 4% to $4,960.39 per ounce, with a weekly gain of 1.9%. Silver also recovered from a six-week low. Oil prices closed higher, reversing earlier losses amid ongoing concerns regarding U.S.–Iran negotiations and the potential for military conflict.

Key Economic Outlook

This week is set to be pivotal for markets, with major economic releases including the U.S. Nonfarm Payrolls (NFP) report and Consumer Price Index (CPI) inflation data, which are expected to significantly impact market sentiment and the Federal Reserve's policy outlook. This could lead to increased volatility in the markets.

On Monday, the economic calendar is relatively light, with attention on Japan's weekend election results and the Eurozone's February Sentix Investor Confidence Index. A rise in this index for the third consecutive month could signal a more positive outlook for the Eurozone economy.

Key Data and Events

• Today: 17:30 EU Sentix Investor Confidence FEB
• Tomorrow:
  • 19:00 US NFIB Business Optimism Index JAN
  • 21:30 US Retail Sales DEC

Market Analysis by Instrument

EUR/USD

Current Price: 1.1830. Resistance levels are at 1.1890/1.1963, while support is found at 1.1771/1.1711. The pair is influenced by safe-haven dollar flows and tariff uncertainties.

GBP/USD

Current Price: 1.35. Resistance is at 1.3605/1.3667, with support at 1.3543/1.3481. The pair has rebounded but is affected by dovish signals from the Bank of England and political uncertainties.

USD/JPY

Current Price: Above 156. Resistance levels are at 158.17/159.23, with support at 156.51/155.67. The Japanese yen remains weak due to election-driven fiscal expectations.

US Crude Oil Futures

Current Price: Near $63. Resistance is at 63.81/64.45, with support at 62.26/61.75. Prices are influenced by U.S.–Iran tensions and diplomatic hopes.

Spot Gold

Current Price: $4,960.39. Resistance is at 5149/5202, with support at 4877/4825. Safe-haven demand is revived due to geopolitical tensions.

Spot Silver

Resistance is at 86.49/92.14, with support at 68.27/62.52. Silver is also benefiting from renewed safe-haven demand.

Dow Futures

Current Price: Above 50,000. Resistance is at 50233/50374, with support at 49772/49633. The index is supported by strong chip stocks and positive earnings.

NASDAQ 100

Current Price: Rebounded sharply. Resistance is at 25404/25584, with support at 24867/24641. The index is experiencing buying interest but faces supply challenges.

Bitcoin

Current Price: Volatile. Resistance is at 74453/78937, with support at 64344/59935. The cryptocurrency has erased previous gains amid liquidity concerns.

Conclusion

The market is poised for significant movements in response to upcoming economic data, with various instruments showing mixed signals influenced by geopolitical tensions, corporate earnings, and economic indicators.