{"id":37592,"date":"2026-02-05T11:58:48","date_gmt":"2026-02-05T11:58:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%a0%95%ec%b1%85-%ea%b2%b0%ec%a0%95%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%b4-%ec%8b%9c%ec%9e%a5-%eb%b3%80%eb%8f%99%ec%84%b1%ec%9d%b4-%ec%a6%9d%ea%b0%80%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88\/"},"modified":"2026-02-05T11:58:48","modified_gmt":"2026-02-05T11:58:48","slug":"%ec%a0%95%ec%b1%85-%ea%b2%b0%ec%a0%95%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%b4-%ec%8b%9c%ec%9e%a5-%eb%b3%80%eb%8f%99%ec%84%b1%ec%9d%b4-%ec%a6%9d%ea%b0%80%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%a0%95%ec%b1%85-%ea%b2%b0%ec%a0%95%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%b4-%ec%8b%9c%ec%9e%a5-%eb%b3%80%eb%8f%99%ec%84%b1%ec%9d%b4-%ec%a6%9d%ea%b0%80%ed%95%a0-%ea%b2%83%ec%9c%bc%eb%a1%9c-%ec%98%88\/","title":{"rendered":"\uc815\ucc45 \uacb0\uc815\uc73c\ub85c \uc778\ud574 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \uc99d\uac00\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uc601\ub780\uc740\ud589(BoE)\uacfc \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)"},"content":{"rendered":"The ECB and BoE Interest Rates\n\nOn February 5, markets remain subdued as investors await decisions from the Bank of England (BoE) and the European Central Bank (ECB). Key US economic releases include weekly Initial Jobless Claims and December’s JOLTS Job Openings report.\n\nThe US Dollar showed strength despite mixed data, with a 22K rise in private sector employment, below the expected 48K. The ISM Services PMI held steady at 53.8, indicating robust service sector activity. The USD Index remains around 97.70. Nonfarm Payrolls data will now release on February 11, with CPI data moved to February 13.\n\nThe ECB is anticipated to keep interest rates stable, with attention on its inflation outlook, following a 1.7% yearly rise in January HICP. EUR\/USD remains around 1.1800. The BoE is expected to maintain the bank rate at 3.75%. GBP\/USD was down 0.2% at 1.3625. AUD\/USD struggles below 0.7000, and gold trades below $4,950. Silver, after gains, trades below $81, down over 8%.\n\nFAQs explain central banks’ roles in maintaining price stability through interest rate adjustments. Central banks aim to keep inflation near 2%, using monetary tightening (raising rates) or easing (lowering rates) as necessary. They typically operate independently from government influence, with decisions made by a group of policymakers who favor either aggressive or cautious approaches.\n\nHistorical Perspective and Predictions\n\nIt is useful to remember this time last year, in February 2025, when we were observing major central bank decisions from the Bank of England (BoE) and European Central Bank (ECB). The US Dollar Index was stable around 97.70, and markets were quiet ahead of the news. This period of waiting before major policy announcements is a recurring theme that creates opportunities in options markets to trade volatility.\n\nThe current strength of the US Dollar is driven by a strong job market, contrasting with last year’s mixed data. For instance, the recent jobs report for January 2026 showed the US economy added 225,000 jobs, exceeding expectations of 180,000 and keeping the Federal Reserve on a steady policy path.\n\nFor the Euro, we’ve seen a significant shift regarding inflation. In early 2025, the ECB was worried about a strong Euro as inflation dropped to 1.7%, but now, with the latest Eurozone core inflation for January 2026 at 2.5%, discussions are shifting toward potential rate cuts later this year. This difference in policy direction from the US suggests traders should consider strategies that benefit from a potentially weaker EUR\/USD, which is currently trading near 1.07, significantly lower than the 1.18 level observed a year ago.\n\nThe Bank of England faces a different challenge, as the Pound Sterling remains an interesting case. While they held rates at 3.75% in February 2025, their current challenge is high domestic price pressures, with UK services inflation remaining elevated at 5.8%. This aggressive approach compared to the ECB suggests that long GBP\/EUR positions could be favorable for the coming weeks.\n\nScheduling Changes and Market Impact\n\nWe should also recall the scheduling changes from last year, when the Nonfarm Payrolls and CPI data releases were postponed. That event in 2025 serves as a reminder that logistical issues can introduce unexpected volatility into markets. With the key US inflation report for January 2026 due next week, surprises in the data will significantly impact price movements.\n\nThe dynamic in USD\/JPY remains focused on interest rate differentials, a trend that has become more prominent since early 2025 when the pair hovered around 157.00. The gap between US interest rates and those in Japan continues to support this pair. Traders should prepare for this trend to continue, but utilize options to safeguard against unexpected policy changes from the Bank of Japan.\n\nCommodities like gold are facing challenges that were less visible a year ago when it traded near $4,950. With central banks around the world indicating that interest rates will remain high for some time to combat inflation, assets that do not earn interest are becoming less appealing. This suggests using put options or short-selling futures to protect against a potential decline in gold’s price.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uc2dc\uc7a5 \uc548\uc815 \uc18d ECB\uc640 BoE\uc758 \uae08\ub9ac \uacb0\uc815\uc774 \uc8fc\ubaa9\ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc720\uc9c0 \uc608\uc0c1 \uc18d\uc758 \ubbf8\uad6d \ub2ec\ub7ec \uac15\uc138\uc640 \uace0\uc6a9 \uc9c0\ud45c\uc5d0 \ub530\ub978 \ubcc0\ub3d9\uc131\uc774 \uc8fc\uc694 \uc774\uc288\ub85c \ub5a0\uc624\ub985\ub2c8\ub2e4. – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-37592","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/37592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=37592"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/37592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=37592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=37592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=37592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}