Market Recap 

XAUUSD 
XAUUSD finished the 06-Feb session at 4966.01, up 172.37 or 3.6% from the 4793.64 open. The day spanned 316.31, equal to 6.6% of the open, carving out a low at 4655.18 at 02:17 before reaching a high at 4971.49 at 20:12. Price set its trough shortly after the start, then advanced through the remainder of the session to register the peak late in the day; the close sat near the top of the range, about 5.5 below the high. Round-number levels featured throughout, with the market moving through the 4800 and 4900 handles while staying below 5000. On the higher timeframes, the daily 20-period simple moving average at 4869.56 and the hourly 21-period exponential moving average at 4912.39 were both left beneath the closing level, while the four-hour RSI(14) read 44.02. The session remained under the recent 5-day high at 5091.9. Structurally, the early downside extension to 4655.18 was followed by persistent gains into the US afternoon, leaving the settlement close to the session peak and far from the day’s floor. By the close, price had recovered well above the open and reclaimed successive 100-point increments, with the intraday range wide relative to the starting level and all major benchmarks cited. 

EURUSD
EURUSD set fresh 5‑ and 10‑day intraday lows before finishing near the top of the range in the 00:00–03:15 session. It opened at 1.17759 and slipped early to 1.17649 at 02:21, then advanced through the European morning pre-open window to 1.17841 at 03:14, closing at 1.17822. That left a gain of 0.00063 (0.053%) on the session, with the close just 0.00019 beneath the high, positioning it in the upper end of the day’s span. The intraday range measured 0.00192, around 0.16% of the open and roughly 20% of the 14‑day daily ATR of 0.00952, indicating contained movement relative to recent daily volatility. Price action featured a brief test below 1.1770 to print the multi‑day lows, followed by a steady return above that figure and a sustained hold around the 1.1780 area into the close. The sequence unfolded as an early dip to the session trough, a gradual climb, and a late mark‑up to the high just a minute before the session end. On the H4 timeframe, the spot rate remains below the 50‑period simple moving average at 1.18659, while the MACD signal is marginally below zero, providing a backdrop of subdued momentum relative to that moving average. No tick‑volume data were provided for this interval. Overall, the session concluded with price concentrated near the day’s highs after establishing new 5‑ and 10‑day lows earlier in the window.

GBPUSD 
GBPUSD advanced over the session, settling at 1.36, up 0.0085 or 0.63%. Trading spanned 0.0115, which was 0.85% of the open and compared with a 14‑day ATR of 0.0109. The pair opened at 1.35 and quickly printed the session low at 1.35 at 02:18, a level that also marked fresh 5‑day and 10‑day lows. From there, price worked higher through the European and US hours, probing the 1.36 figure and ultimately setting the day’s high at 1.36 at 19:52. The close held near the upper end of the day’s range, leaving the market finishing above 1.36 after having tested 1.35 earlier in the session. The intraday structure was defined by an early downside extension that failed to break beneath the 1.35 handle, followed by a steady climb that culminated late in the day; no new low was registered after the 02:18 trough, and the final push to the high came in the evening session. On higher timeframes, the H4 50‑period simple moving average sat above spot at 1.37, indicating the session’s recovery unfolded below that reference level. In summary, the day featured a new short‑term low at 1.35 early on, a late high at 1.36, a close near the top of the range, and a realized range that modestly exceeded the recent daily average, with round‑number levels at 1.35 and 1.36 both engaged during the move. 

Economic Calendar Recap & Preview 

Canada’s unemployment rate was the lone notable data point in the past day, declining to 6.5 percent from 6.8 previously and compared with a 7.0 forecast. The next 24 hours are quiet, with no scheduled economic data releases, central bank decisions, or listed speeches in server time, leaving the calendar effectively empty and attention on the latest labor reading.