IST Markets Daily News Analysis • 05 February 2026 • Insights

Market at a glance (Reference snapshot)

Timestamp: 05 Feb 2026 (AM session) • Timezone: GMT (UTC+0)

Note: These are reference levels from widely used public data sources; always verify live quotes in your trading platform.

What moved markets today (Storyline)

1) Risk-off rotation: tech weakness spilled into sentiment

A tech-led sell-off weighed on broader risk appetite and pulled multiple regions lower. In this environment, traders typically watch correlation behaviour:
when equities de-risk, the USD can firm, high-beta assets may wobble, and commodities can become headline-driven rather than trend-driven.

2) BoE decision day: GBP + UK yields in focus

Today’s headline macro catalyst is the Bank of England decision cycle. Even when the headline rate is unchanged, the market often reprices on
forward guidance, vote split, and inflation/growth framing.

• Verify the official BoE schedule: Upcoming MPC dates
• Context: BoE expected to hold the main rate at 3.75% (market reporting). AP coverage

3) Oil & metals: volatility stays headline-sensitive

Oil fell by more than $1 per barrel in the latest wave of volatility, while precious metals also swung as traders tracked rates and risk appetite.
For energy context, the latest weekly U.S. petroleum data cycle is worth monitoring (inventories + refinery utilization often affect short-term tone).

• EIA Weekly Petroleum Status Report: Weekly report hub

Asset deep-dives (What to watch next)

Bitcoin (BTC): risk sentiment proxy in real time

Bitcoin traded near ~$71,000 after dipping toward ~$69,000 intraday during the sell-off. When crypto de-levers fast, it can amplify “risk-off” behaviour
and spill into high-beta equity/FX correlations.
Market context

Oil (Brent/WTI): supply headlines + demand sensitivity

Oil remains particularly sensitive to fast-moving headlines (geopolitics, supply expectations, demand signals). In these conditions, traders often watch:

• Inventory data and refinery utilization (EIA weekly cycle)
• Macro growth signals (risk appetite / recession fears)
• Policy or supply headlines that can cause sudden repricing

Gold (XAU): rates, USD and volatility

Gold can act as a hedge during uncertainty, but intraday direction often depends on the USD and rate repricing. If real yields rise quickly, gold may soften;
if risk-off accelerates with falling yields, gold may regain support.

Technical snapshot (Indicative zones — not signals)

Today’s watchlist (GMT)

• BoE MPC day: watch GBP, UK yields, and guidance tone. Official schedule
• US Initial Jobless Claims (typical release): 13:30 GMT (8:30 ET). Event note
• Energy data context: follow the weekly EIA cycle. EIA weekly petroleum report

How to use this snapshot (process & risk)

• Use scenarios, not predictions: define trigger + invalidation before you trade.
• Event volatility is real: spreads and slippage can widen during major releases.
• Risk controls first: position sizing and stops matter more than headlines.

Sources (primary references)

• AP — Market sell-off context (bitcoin near $71k after ~$69k intraday; oil down $1+): Link
• AP — BoE expected to hold (3.75%): Link
• Bank of England — Official MPC dates: Link
• EIA — Weekly Petroleum Status Report hub: Link
• TradingEconomics — Reference prices (gold, Brent, WTI): Gold • Brent • WTI

Disclaimer: This content is for information and education only and does not constitute investment advice.
Trading leveraged products (including CFDs/FX) involves significant risk and may result in loss of capital. Always assess suitability and review applicable legal documents.

Last updated: 05 February 2026 • Version: 1.0