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Top 3 trade ideas for 4 February 2026

Posted on: Feb 05 2026

Trade ideas for XAGUSD, EURUSD, and EURGBP are available today. The ideas expire on 5 February 2026 at 9:00 AM (GMT +3).

XAGUSD trade idea

Buying pressure from the 71.32 level triggered a rebound in XAGUSD prices after the recent decline. The current bullish momentum is expected to continue; however, due to the proximity of the Ichimoku Cloud resistance, the upside potential appears limited. In this environment, selling on price increases looks preferable. The key resistance level is located at 93.75. The XAGUSD trade idea for today suggests placing a pending Buy Limit order.

Market sentiment for XAGUSD shows a bearish bias – 54% versus 46%. The risk-to-reward ratio exceeds 1:3. Potential profit is 14,750 pips at the first take-profit level and 19,150 pips at the second, while possible losses are capped at 5,160 pips.

Trading plan

  • Entry point: 93.75
  • Target 1: 79.00
  • Target 2: 74.60
  • Stop-Loss: 98.91

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EURUSD trade idea

The medium-term outlook for the EURUSD pair remains bearish. Price action indicates that a peak is forming, making selling at current levels unattractive due to an unfavourable risk-to-reward ratio. The preferred strategy is to sell on pullbacks, with the key resistance level located at 1.1870. The EURUSD trade idea for today involves placing a pending Sell Limit order.

For EURUSD, bearish expectations prevail at 54% versus 46%. The risk-to-reward ratio is 1:5. Potential profit is 175 pips at the first take-profit level and 205 pips at the second, with possible losses limited to 35 pips.

Trading plan

  • Entry point: 1.1905
  • Target 1: 1.1730
  • Target 2: 1.1700
  • Stop-Loss: 1.1870

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EURGBP trade idea

The EURGBP pair has broken below the key support level at 0.8644. The pair is currently trading in oversold territory, while weak buying interest raises concerns for bullish traders. At the same time, current levels offer an attractive risk-to-reward ratio for short positions. The EURGBP trade idea for today suggests placing a pending Sell Limit order.

For EURGBP, bullish sentiment slightly prevails at 54% versus 46%. The risk-to-reward ratio exceeds 1:3. Potential profit is 45 pips at the first take-profit level and 55 pips at the second, while possible losses are limited to 15 pips.

Trading plan

  • Entry point: 0.8632
  • Target 1: 0.8587
  • Target 2: 0.8577
  • Stop-Loss: 0.8647

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Editors’ picks

EURUSD 2026-2027 forecast: key market trends and future predictions

This article provides the EURUSD forecast for 2026 and 2027 and highlights the main factors determining the direction of the pair’s movements. We will apply technical analysis, take into account the opinions of leading experts, large banks, and financial institutions, and study AI-based forecasts. This comprehensive insight into EURUSD predictions should help investors and traders make informed decisions.

Gold (XAUUSD) forecast 2026 and beyond: expert insights, price predictions, and analysis

Dive deep into the Gold (XAUUSD) price outlook for 2026 and beyond, combining technical analysis, expert forecasts, and key macroeconomic factors. It explains the drivers behind gold’s recent surge, explores potential scenarios including a move toward 4,500 to 5,000 USD per ounce, and highlights why the metal remains a strong hedge during global uncertainty.

The week ahead: Earnings season shifts into maximum overdrive

Posted on: Jan 25 2026

We have a massive slate of mega-cap tech, critical industrial bellwethers, and the titans of energy all reporting next week.

The key theme will be justification. Valuations are stretched in the tech sector, and the market needs to see not just beat-and-raise quarters, but clear evidence that AI capex is going to translate into revenue. On the macro side, we are looking for signs of cracking in the consumer data from the credit card giants and shipping volumes from the logistics heavyweights.

Monday

Monday is relatively light, giving markets a moment to position before the volatility ramps up.

  • Before Open: We get a look at the European consumer with Ryanair. Watch their guidance on fares; if they are softening, it is a deflationary signal. Baker Hughes will give us early insight into energy services demand before the oil majors report later in the week.

  • After Close: The focus shifts to industrials and materials. Nucor and Steel Dynamics are the ones to watch here. Steel demand is a proxy for real economic activity—construction and manufacturing. If their outlook is gloomy, it sets a cautious tone for the GDP components. AGNC will also be interesting for the mortgage-REIT space and interest rate sensitivity.

Tuesday

Tuesday is where the macro picture comes into focus. We have diverse sectors reporting that act as pulse checks for the broader economy.

  • Before Open: This is a heavy morning. UPS is the critical report here. As a global shipping bellwether, their volume data tells us exactly what is happening with global trade and consumer demand. GM will update us on the auto sector—keep an eye on their EV margins and inventory levels. We also have UnitedHealthcare, which acts as a massive weight in the Dow and S&P; healthcare costs have been a sticky inflation component, so their commentary matters. Boeing is also on the docket; expect volatility there as they navigate production hurdles.

  • After Close: All eyes will be on Texas Instruments. They are the first major semiconductor name to report this week and arguably the most important for the broad cycle. They sell chips into everything—autos, industrial, appliances. If they call a bottom in the cycle, that is bullish for global growth. Microsoft is listed on some calendars for Tuesday, but looking at this schedule, the heavy tech hitters seem clustered mid-week (Note: double-check confirming Microsoft is Wednesday on this specific graphic). On this graphic, Tuesday PM features Starbucks (correction: that is Seagate and Packaging Corp, the Starbucks logo is not there, it is Seagate, Manhattan, etc). Manhattan Associates is a good read on supply chain tech.

Wednesday: The Main Event

This is the day that will likely define the week's price action. The volume of market cap reporting on Wednesday is staggering.

  • Before Open: ASML is the key. They make the machines that make the chips. If their bookings are weak, the entire AI-hardware narrative takes a hit. AT&T will be a yield play and a check on the telecom consumer. Boeing (checking graphic again—Boeing is Tuesday, Wednesday has General Dynamics). General Dynamics will be relevant for the defense sector amid geopolitical tensions.

  • After Close: This is the fireworks show. Microsoft, Meta, and Tesla all reporting in the same window. We will have more on those closer to the releases:

    • Microsoft: The market wants to see AI revenue acceleration in Azure/Copilot. If they miss on cloud growth, the whole sector could re-rate.

    • Meta: It is all about ad spend and efficiency. Zuckerberg's "Year of Efficiency" was a hit; now they need to show growth.

    • Tesla: Margins, margins, margins. The EV price war has hurt them. Guidance on deliveries and the Cybertruck ramp will drive the stock.

    • IBM and ServiceNow also report, adding more data points to enterprise software demand.

Thursday:

If Wednesday is about cloud and AI, Thursday is about the consumer and global hardware.

  • Before Open: We get a massive read on the consumer wallet. Mastercard will tell us if spending is slowing down. We also have Comcast and Blackstone. Caterpillar is the other major one here—often seen as the ultimate global growth barometer. If CAT is warning on orders, the "soft landing" narrative gets harder to defend.

  • After Close: Apple takes center stage. The China story is the biggest risk here. Traders will be parsing every word regarding iPhone sales in Asia. Visa also reports, complementing the Mastercard data from the morning. If both credit giants show rising delinquencies or slowing transaction volumes, the recession bears will come out of hibernation.

Friday:

We wrap up the week with the energy giants and some final financial names.

  • Before Open: It is Big Oil day. ExxonMobil and Chevron report. With oil prices hovering in a defined range, the focus will be on capital discipline and buybacks. Cash flow should be strong, but production guidance is the variable. Chevron has had some operational hiccups recently, so execution is key. American Express is the final piece of the consumer puzzle; their premium customer base usually holds up better, so any weakness there is a significant red flag.

This article was written by Adam Button at investinglive.com.
Massive ice storm set to knock US as sentiment celebrates a supposed TACO.

Posted on: Jan 23 2026

Much of the US set to do a Greenland impression and turn into a "piece of ice".

Listen to the full episode now or follow the Saxo Market Call on your favorite podcast app.

Today’s Links

Let’s hope this guy is exaggerating A weather observer is concerned that this winter storm set to slam much of the midwest, south, southeast and mid-Atlantic US will create utter havoc. I hope he is wrong, though natural gas markets fear he is note. But hopefully everyone will overprepare and the storm metrics will end up being far milder than feared.

Can the US pull off a “reverse perestroika”? Today’s must read is Michael Every’s latest strategy piece on the US’ attempt to end the old global system it built, as its final stages risked weakening it precipitously via the Triffin dilemma. A new “reverse perestroika” system to take its place is at root a command war economy or even Soviet-style central planning, aimed at building up key economic capacities to ensure comprehensive national security. It’s not just rebuilding militarily, but also economically, logistically and financially. It’s a massive gambit - will it succeed or fail?

Poland is building a navy for security. This is serious business for Poland to counter hybrid warfare threats in the Baltic. The surface ships will be British, while the Sweden’s Saab will provide the subs - don’t laugh, these are world class, even defeating a US carrier in live war games.

Chart of the Day - Sandisk (SNDK)

Sandisk is the first S&P 500 index member to return more than 100% YTD. The company makes NAND flash memory-based storage solutions. After observing the persistent directionality, both positive and negative, among many out-performing and stocks of late, I am wondering it the kind of performance we are seeing in a name like Sandisk is indicative of the momentum phenomenon noted by Carson Block in his interview with Thoughtful Money that I linked to in my most recent Substack post. Micron and the hard disk makers have been on similar tears over recent months at times. The company is a hardware maker selling at 9.4 times trailing sales. The valuation looks less crazy if profit margins quadruple as expected in coming years (current market cap less than 20 x earnings estimates for financial year ending mid-2027). It’s a remarkable performance, but these hardware cycles are notoriously cyclical.

Source: ¨Saxo

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