Silver price advances bounce off daily lows around $74.01, posts gains of over 2.50% on Friday, yet it is poised to end the week on a negative note. A softer than expected US inflation report, pushed the white metal higher and traded at $77.20 a troy ounce ahead of the weekend.

Ripple (XRP) edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

India FX Reserves, USD fell from previous $723.77B to $717.06B in February 2

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.

The Pound (GBP) is trimming losses against the Japanese Yen (JPY) on Friday, with the pair returning above 209.00 after bouncing at nearly two-week lows at 207.60.

The US Dollar (USD) holds around 97 in the American session on Thursday after Wall Street fell sharply on fresh AI-related fears, as the tech sector is far from generating decent profits.

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

The United States (US) released stronger-than-expected US Nonfarm Payrolls report for January, adding 130K jobs in quite an auspicious start to the year, while the Unemployment Rate ticked lower to 4.3%, and Average Hourly Earnings held steady at 3.7% over the last twelve months.

MUFG’s Michael Wan highlights that local political developments are supporting the Thai Baht (THB). A stronger-than-expected performance by the Bhumjaithai Party in Thailand’s recent elections has improved perceptions of political stability.

United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.

Chiliz (CHZ) price extends its correction, trading below $0.040 at the time of writing on Tuesday, after falling through a key resistance level set the previous day.

Dogecoin (DOGE) price trades in red, hovering near $0.095 at the time of writing on Monday, after falling over 7% in the previous week. On-chain data shows that certain whales have accumulated DOGE at recent dips, suggesting easing selling pressure and signaling short-term price stabilization.

India FX Reserves, USD up to $723.77B in January 26 from previous $709.41B

The report by Nordea, authored by Jan von Gerich, discusses the recent rebound of the USD against the EUR and JPY. Despite the rebound, the report maintains a bearish outlook for the USD in the long term as investors seek alternatives.

The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the European Central Bank (ECB) and the Bank of Canada (BoC).

Here is what you need to know on Thursday, February 5:

Silver price extended its recovery for the second straight day, up by 3.75% shrugging off broad US Dollar strength, following the release of solid US economic data. At the time of writing, XAG/USD trades at $88.20, after bouncing off daily lows of $83.28.

The Euro falls during the North American session, down more than 0.10% as the Dollar recovers from Tuesday’s losses. Solid US business activity data is a headwind for the EUR/USD pair.

United States (US) ADP Employment Change report revealed that the private sector added 22K jobs in January, falling short of expectations of 48K.

Shiba Inu (SHIB) price stabilizes at $0.0000067 at the time of writing on Wednesday, facing rejection around a key resistance zone. On-chain and derivatives data indicate mixed sentiment among traders, further limiting the chances of a price recovery.

The Reserve Bank of Australia (RBA) raised its interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA's hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon.

Dogecoin (DOGE) price stabilizes at $0.106 at the time of writing on Tuesday, following a slight rebound the previous day after a massive correction last week. On-chain data suggests the dog-themed meme coin may be undervalued and poised for a near-term bounce.

Silver price registers losses of over 5% on Monday as the precious metals liquidation continued for the second straight day. Upbeat economic data in the US improved risk appetite to the detriment of the grey metal. At the time of writing, XAG/USD trades at $80.40 below its opening price.

Gold (XAU/USD) retreats more than 4% on Monday after the US President Donald Trump announced his pick to lead the Federal Reserve (Fed) in succession to the Fed Chair Jerome Powell. Economic data in the US paint an optimistic outlook as manufacturing activity improves.

The Pound Sterling dives some 0.17% on Monday as the Greenback extends its gains to two straight days, following the precious metals rout that pushed Gold prices down by over $1,000 after reaching a record high near $5,600. The GBP/USD trades at 1.3662 after reaching a daily high of 1.3715.

Silver (XAG/USD) sinks sharply more than 30% on Friday as the precious metals segment is being punished by the financial markets, with the grey metal falling more than $38 US Dollars at the time of writing. XAG/USD trades at $76.91, after reaching a daily high of $118.46.

India FX Reserves, USD climbed from previous $701.36B to $709.41B in January 19

India Federal Fiscal Deficit, INR down to 8558.42B in December from previous 9766.71B

South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December

Shiba Inu (SHIB) price slips below $0.0000077 on Thursday after correcting the previous day. Bearish sentiment is further strengthened as holders offload SHIB, increasing selling pressure and reducing Open Interest (OI) in the derivatives market.