This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
On June 11, 2025, global markets are shaped by a mix of trade optimism and uncertainty following a US-China framework agreement in London, alongside persistent geopolitical risks and anticipation for US CPI data (2.5% YoY expected). Gold (XAU/USD) climbs to $3,340, supported by safe-haven demand from Trump’s upheld tariffs and Russia-Ukraine tensions, despite a firmer USD (DXY at 99.10). Silver (XAG/USD) holds near $36.60, close to a 13-year high, but faces pressure from easing trade tensions. AUD/USD dips to 0.6510, despite US-China trade progress, while USD/JPY rises above 145.00, driven by USD strength and trade optimism weakening JPY. GBP/USD softens to 1.3475 after a weaker UK jobs report (4.6% unemployment). WTI crude gains to $63.80, bolstered by trade deal hopes and an unexpected API stockpile drop (-370K barrels). Key catalysts include US CPI, EIA crude inventories, and ongoing tariff developments, with geopolitical risks and Fed policy expectations in focus.
Gold (XAU/USD) trades at $3,340, climbing toward a weekly high, driven by safe-haven demand despite trade optimism and USD strength.
Silver (XAG/USD) trades at $36.60, near a 13-year high of $36.89, but faces pressure from easing trade tensions.
AUD/USD trades at 0.6510, down slightly despite US-China trade progress, testing support near 0.6500.
USD/JPY trades above 145.00, supported by USD strength and trade optimism weakening JPY’s safe-haven status.
GBP/USD trades at 1.3475, down after a weaker UK jobs report, ahead of US CPI data.
WTI crude trades at $63.80, up slightly, supported by US-China trade optimism and an API stockpile decline.
On June 11, 2025, markets are driven by a US-China trade framework agreement, lifting WTI crude ($63.80) and pressuring safe-haven gold ($3,340) and silver ($36.60). AUD/USD (0.6510) dips despite trade optimism, USD/JPY (145.00) rises on JPY weakness, and GBP/USD (1.3475) softens post-UK jobs data. US CPI (2.5% YoY expected), EIA crude inventories, and tariff developments are key, with Russia-Ukraine tensions and Fed policy expectations adding volatility.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
On June 10, 2025, global markets are buoyed by optimism from ongoing US-China trade talks in London, extending into a second day, which boosts risk sentiment and pressures safe-haven assets. Gold (XAU/USD) drops to $3,300, driven by modest USD strength (DXY at 99.00) and reduced safe-haven demand, though Fed rate-cut bets (60% for September) and geopolitical risks (Russia-Ukraine, Middle East) limit losses. AUD/USD rises to 0.6520, supported by China’s trade surplus (CNY743.56B) and trade optimism, while AUD/JPY climbs to 94.50 amid JPY weakness. USD/CAD holds above 1.3700, supported by USD gains but capped by rising WTI crude ($64.65) bolstering CAD. GBP/USD hovers at 1.3540, and EUR/GBP consolidates above 0.8400 ahead of UK jobs data (4.6% unemployment expected). Silver (XAG/USD) remains steady at $34.50. Key catalysts include US CPI (2.5% YoY expected), UK employment, and trade talk outcomes, with US fiscal concerns and geopolitical tensions adding volatility.
Gold (XAU/USD) trades at $3,300, down to a one-week low, pressured by USD strength and US-China trade optimism.
US-China Trade Talks: Second-day London meeting, described as “good” by US Treasury Secretary Bessent, reduces safe-haven demand, capping gold upside.
USD Strength: DXY at 99.00 gains from strong NFP (139K vs. 130K) and reduced Fed rate-cut odds, pressuring gold.
Federal Reserve Policy: 60% chance of a September rate cut (CME FedWatch) and US fiscal concerns (Trump’s $4T bill) limit USD gains, supporting gold.
Geopolitical Risks: Russia’s airstrike on Ukraine (500 drones/missiles) and Middle East tensions sustain safe-haven flows, capping losses.
US Inflation Data: Upcoming CPI (2.5% YoY expected) could sway Fed rate-cut expectations, impacting gold.
Trend: Bearish near-term, below 200-hour SMA. Negative hourly oscillators suggest further downside.
Resistance: $3,333-$3,334 (100-hour SMA), then $3,352-$3,353 and $3,377-$3,378.
Support: $3,294-$3,293 (overnight low), then $3,246-$3,245 (May 29 low) and $3,200.
Forecast: Gold may test $3,294 if trade talks progress. Strong CPI (>2.5%) could push to $3,200; weak CPI (<2.3%) may drive $3,352.
Market Sentiment: X posts show gold at $3,300-$3,392, with $3,500 possible if risks escalate. Long Forecast projects $3,600 by Q4 2025.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, geopolitical developments.
Silver (XAG/USD) trades at $34.50, stable as safe-haven demand balances USD correction.
Safe-Haven Demand: Geopolitical tensions (Ukraine-Russia, Middle East) support silver, offset by US-China trade optimism.
US Economic Data: Strong NFP (139K) supports USD, but fiscal concerns and rate-cut bets limit gains, aiding silver.
China’s Economy: Caixin Services PMI at 51.1 boosts industrial demand, but deflation (CPI -0.1%, PPI -3.3%) caps upside.
Monetary Policy: Fed rate-cut expectations and Trump’s pressure on Powell bolster non-yielding assets.
US Fiscal Concerns: Trump’s budget bill and “Sell America” trend add uncertainty, supporting silver.
Trend: Neutral-to-bullish, in a rectangular pattern. RSI above 50 suggests upside potential.
Resistance: $34.80 (rectangle’s upper boundary), then $34.90 (seven-week high) and $35.80 (March high).
Support: $33.10 (50-day EMA), then $32.80 (rectangle’s lower boundary) and $32.50 (six-week low).
Forecast: Silver may test $34.80 if tensions persist. Strong trade deal could push to $32.80; weak deal may drive $35.00.
Market Sentiment: X posts highlight silver’s resilience at $34.00+, with $37.79 possible in 2025 per CoinCodex.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, geopolitical risks.
AUD/USD trades at 0.6520, up for the second day, driven by US-China trade optimism and China’s trade surplus.
US-China Trade Talks: London meeting optimism, with focus on technology and rare earths, supports AUD as a China-proxy currency.
China’s Economy: Trade surplus at CNY743.56B and Services PMI at 51.1 bolster AUD, despite deflation (CPI -0.1%, PPI -3.3%).
Australian Data: Westpac Consumer Confidence up 0.5% MoM in June (vs. 2.2% prior) reflects trade uncertainty, limiting AUD gains.
US Economic Data: Strong NFP (139K) supports USD, with CPI (2.5% YoY expected) as a key focus.
RBA Policy: Dovish May minutes favor a 25 bps cut, capping AUD upside.
Trend: Bullish, within an ascending channel. RSI above 50 and above 9-day EMA (0.6489) support upside.
Resistance: 0.6538 (seven-month high), then 0.6687 (eight-month high) and 0.6690 (channel’s upper boundary).
Support: 0.6489 (9-day EMA), then 0.6480 (channel’s lower boundary) and 0.6412 (50-day EMA).
Forecast: AUD/USD may test 0.6538 if trade talks succeed. Strong CPI could push to 0.6412; weak CPI may drive 0.6687.
Market Sentiment: X posts note AUD strength at 64.66 US cents, with 0.67 possible per CoinCodex by Q3 2025.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, Chinese economic data.
AUD/JPY trades near 94.50, up for the fourth day, driven by JPY weakness and trade optimism.
BoJ Policy: Ueda’s openness to rate hikes if inflation nears 2% contrasts with PM Ishiba’s borrowing cost concerns, weakening JPY.
US-China Trade Talks: Optimism supports AUD, with Australia benefiting from China’s trade surplus (CNY743.56B).
Australian Data: Westpac Consumer Confidence up 0.5% MoM supports AUD, though trade uncertainty lingers.
Geopolitical Risks: Russia-Ukraine and Middle East tensions favor risk-sensitive AUD over safe-haven JPY.
China’s Economy: Trade surplus and Services PMI (51.1) strengthen AUD.
Trend: Bullish, with RSI nearing overbought levels.
Resistance: 94.50, then 95.00 and 95.50.
Support: 93.50, then 93.00 and 92.50.
Forecast: AUD/JPY may test 95.00 if trade talks progress. BoJ hawkish signals could push to 93.50.
Market Sentiment: X posts highlight AUD/JPY’s rally, with 95.00 possible if JPY weakens further.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, BoJ signals.
USD/CAD trades at 1.3700, up for the third day, supported by USD strength but capped by rising oil prices and trade optimism.
US-China Trade Talks: Easing tensions reduce US-Canada tariff fears, supporting CAD. Bessent’s “good meeting” boosts optimism.
Oil Prices: WTI at $64.65 supports commodity-linked CAD, Canada’s key crude exporter to the US.
US Economic Data: Strong NFP (139K) bolsters USD, with CPI (2.5% YoY expected) critical.
BoC Policy: Rates held at 2.75% with cautious guidance support CAD.
US Fiscal Concerns: Trump’s $4T bill pressures USD, aiding CAD.
Trend: Neutral-to-bullish, above 1.3700. RSI near 50 reflects balanced momentum.
Resistance: 1.3750, then 1.3800.
Support: 1.3635 (eight-month low), then 1.3600.
Forecast: USD/CAD may test 1.3750 if CPI is strong. Trade deal progress could push to 1.3600.
Market Sentiment: X posts show CAD resilience, with 1.35 possible by Q3 2025 per Long Forecast.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, US-Canada tariff updates.
WTI crude trades at $64.65, up to a seven-week high, driven by US-China trade optimism and geopolitical risks.
US-China Trade Talks: London meeting fuels demand expectations, supporting WTI. Trump’s positive comments add tailwinds.
Geopolitical Risks: Russia-Ukraine (Kyiv/Odesa attacks) and Middle East tensions limit downside.
OPEC+ Output: July hike of 411,000 bpd caps gains due to oversupply fears.
US Economic Data: Strong NFP (139K) signals demand resilience, with CPI (2.5% YoY) as a focus.
USD Strength: DXY at 99.00 limits WTI upside.
Trend: Bullish, above $63.20-$63.30 breakout. RSI near 55 suggests further upside.
Resistance: $65.00, then $66.00.
Support: $63.20-$63.30, then $60.00.
Forecast: WTI may test $65.00 if trade talks succeed. Oversupply fears could push to $60.00.
Market Sentiment: X posts show WTI at $65.67, with $70 possible by Q4 2025 per Long Forecast.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, OPEC+ updates.
On June 10, 2025, markets are energized by US-China trade talks in London, lifting AUD/USD (0.6520), AUD/JPY (94.50), and WTI crude ($64.65) while pressuring gold ($3,300) and silver ($34.50). USD/CAD (1.3700) gains on USD strength, GBP/USD (1.3540) awaits UK jobs data, and EUR/GBP (0.8400) consolidates. US CPI (2.5% YoY expected), UK employment (4.6% unemployment expected), and trade talk outcomes are key, with Russia-Ukraine escalation and US fiscal concerns adding volatility.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
On June 9, 2025, global markets are driven by optimism over US-China trade talks in London, mixed Chinese economic data, and a USD pullback (DXY at 99.00) despite strong US Nonfarm Payrolls (NFP) data (139K vs. 130K expected). The Australian Dollar (AUD/USD at 0.6510) rises as China’s Trade Surplus expands to CNY743.56B, though deflation persists (CPI -0.1% YoY, PPI -3.3% YoY). EUR/USD holds at 1.1400, GBP/USD edges up to 1.3530, and USD/CAD dips to 1.3680 amid trade deal hopes. NZD/USD gains to 0.6035, supported by China’s data, while USD/JPY softens to 143.20 on Japan’s revised Q1 GDP (0% vs. -0.2% expected). WTI crude slides to $63.80, cushioned by trade optimism. Silver (XAG/USD) and gold (XAU/USD) remain steady at $34.50 and $3,355, respectively. Key catalysts include US-China trade negotiations, upcoming Chinese CPI/PPI, and Eurozone economic data, with geopolitical tensions and US fiscal concerns in focus.
Gold (XAU/USD) trades at $3,355, steady as USD corrects lower (DXY at 99.00) and trade talk optimism reduces safe-haven demand.
US-China Trade Talks: Optimism from the London meeting reduces safe-haven flows, capping gold upside.
US Economic Data: Strong NFP (139K) dampens Fed rate-cut hopes, supporting USD and pressuring gold. Fiscal concerns (Trump’s $4T bill) sustain uncertainty.
Geopolitical Risks: Ukraine-Russia escalation (Kharkiv attacks) and Middle East tensions support gold’s safe-haven appeal.
Monetary Policy: Fed rate-cut bets (70% for two cuts) and Trump’s pressure on Powell limit USD gains, aiding gold.
China’s Economy: Deflationary pressures (CPI -0.1%, PPI -3.3%) signal weak demand, impacting gold marginally.
Trend: Bullish, above $3,324-$3,326. RSI in positive territory supports upside.
Resistance: $3,380, then $3,400 (multi-week high). A breakout could target $3,500 (April peak).
Support: $3,326-$3,324, then $3,300 and $3,286-$3,285.
Forecast: Gold may test $3,380 if geopolitical tensions escalate. Strong trade deal progress could push to $3,300; weak deal may drive $3,400.
Market Sentiment: X posts show gold steady at $3,354-$3,392, with $3,500 possible. Long Forecast projects $3,600 by Q4 2025.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, geopolitical risks.
Silver (XAG/USD) trades at $34.50, stable as safe-haven demand balances USD correction.
Safe-Haven Demand: Geopolitical tensions (Ukraine-Russia, Middle East) support silver, offset by US-China trade optimism.
US Economic Data: Strong NFP (139K) supports USD, but fiscal concerns and rate-cut bets limit gains, aiding silver.
China’s Economy: Caixin Services PMI at 51.1 boosts industrial demand, but deflation (CPI -0.1%, PPI -3.3%) caps upside.
Monetary Policy: Fed rate-cut expectations and Trump’s pressure on Powell bolster non-yielding assets.
US Fiscal Concerns: Trump’s budget bill and “Sell America” trend add uncertainty, supporting silver.
Trend: Neutral-to-bullish, in a rectangular pattern. RSI above 50 suggests upside potential.
Resistance: $34.80 (rectangle’s upper boundary), then $34.90 (seven-week high) and $35.80 (March high).
Support: $33.10 (50-day EMA), then $32.80 (rectangle’s lower boundary) and $32.50 (six-week low).
Forecast: Silver may test $34.80 if tensions persist. Strong trade deal could push to $32.80; weak deal may drive $35.00.
Market Sentiment: X posts highlight silver’s resilience at $34.00+, with $37.79 possible in 2025 per CoinCodex.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, geopolitical risks.
AUD/USD trades at 0.6510, up on Monday, buoyed by China’s expanding Trade Surplus (CNY743.56B) despite deflationary pressures.
China’s Economic Data: Trade Surplus grew to CNY743.56B in May (from CNY689.99B), with exports up 6.3% YoY but imports down 2.1% YoY. CPI fell 0.1% YoY (vs. -0.2% expected), and PPI dropped 3.3% YoY, signaling deflationary pressures but supporting AUD via trade ties.
US-China Trade Talks: Scheduled London meeting with US Treasury Secretary Scott Bessent boosts risk sentiment, aiding AUD as a China-proxy currency.
US Economic Data: Strong NFP (139K vs. 130K expected) supports USD, but fiscal concerns and Fed rate-cut bets (70% for two 25 bps cuts in 2025) limit gains.
RBA Policy: Dovish May minutes favor a 25 bps cut, with Sarah Hunter warning of US tariff impacts, capping AUD upside.
Market Sentiment: Improved risk tone from US-China talks supports commodity currencies like AUD.
Trend: Bullish, within an ascending channel. RSI above 50 and above 9-day EMA (0.6481) support upside momentum.
Resistance: 0.6538 (seven-month high), then 0.6680 (channel’s upper boundary) and 0.6687 (eight-month high).
Support: 0.6481 (9-day EMA), then 0.6480 (channel’s lower boundary) and 0.6408 (50-day EMA).
Forecast: AUD/USD may test 0.6538 if trade talks progress. Weak Chinese CPI/PPI could push to 0.6408; strong trade deal signals may drive 0.6680.
Market Sentiment: X posts highlight AUD strength at 64.66 US cents, with upside if trade talks succeed. CoinCodex forecasts 0.67 by Q3 2025.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, US fiscal developments.
EUR/USD trades at 1.1400, steady as USD holds ground post-NFP and markets eye US-China trade talks.
ECB Policy: ECB’s 25 bps cut to 2% and Lagarde’s signal of nearing the easing cycle end pressure EUR. Stournaras warns of US tariff risks.
US Economic Data: NFP at 139K and steady 4.2% unemployment rate reduce Fed rate-cut odds, supporting USD.
US-China Trade Talks: London meeting optimism supports USD, but deeper issues remain unresolved.
US Fiscal Concerns: Trump’s $4T bill and “Sell America” trend cap USD gains, aiding EUR/USD.
Geopolitical Risks: Ukraine-Russia escalation adds EUR safe-haven appeal.
Trend: Neutral, around 1.1400. RSI near 50 reflects balanced momentum.
Resistance: 1.1450, then 1.1500 and 1.1575 (April 21 high).
Support: 1.1380 (23.6% Fibonacci), then 1.1320-1.1330 (100/200-period SMA) and 1.1260 (38.2% Fibonacci).
Forecast: EUR/USD may test 1.1450 if trade talks falter. Strong deal progress could push to 1.1320.
Market Sentiment: X posts suggest EUR/USD caution, with 1.15 possible if USD weakens. CoinCodex forecasts 1.14 average for 2025.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, US fiscal developments.
GBP/USD trades at 1.3530-1.3535, up slightly as USD softens and BoE maintains cautious stance.
BoE Policy: Bailey’s gradual rate-cut approach amid trade uncertainties supports GBP.
US Economic Data: Strong NFP (139K) limits Fed rate-cut bets, supporting USD but capped by fiscal concerns.
US-China Trade Talks: Optimism supports USD, but GBP benefits from USD pullback.
US Fiscal Concerns: Trump’s budget bill pressures USD, aiding GBP/USD.
Geopolitical Risks: Global tensions bolster GBP’s safe-haven appeal.
Trend: Bullish, above 1.3500. RSI near 60 favors buyers.
Resistance: 1.3560, then 1.3615 (February 2022 high).
Support: 1.3500, then 1.3415 and 1.3375 (50% Fibonacci).
Forecast: GBP/USD may test 1.3560 if trade talks stall. Strong deal could push to 1.3415.
Market Sentiment: X posts highlight GBP resilience, with 1.36 possible. Long Forecast sees 1.37 by Q3 2025.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, US fiscal developments.
WTI crude trades at $63.80, down 0.40% from a multi-week high, supported by US-China trade optimism.
US-China Trade Talks: London meeting fuels demand expectations, supporting WTI.
Geopolitical Risks: Canadian wildfires, Ukraine-Russia, and Middle East tensions limit downside.
OPEC+ Output: July hike of 411,000 bpd raises oversupply fears, capping gains.
US Economic Data: Strong NFP (139K) signals demand resilience, but fiscal concerns cap USD strength.
Trend: Bullish, above $63.20-$63.30 breakout. RSI near 50 suggests consolidation.
Resistance: $64.00, then $65.00.
Support: $63.20-$63.30, then $60.00.
Forecast: WTI may test $64.00 if trade talks succeed. Oversupply fears could push to $60.00.
Market Sentiment: X posts show WTI at $65.67, with $65 possible if supply tightens. Long Forecast sees $70 by Q4 2025.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, OPEC+ updates.
On June 9, 2025, markets are energized by US-China trade talks in London, lifting AUD/USD (0.6510) and NZD/USD (0.6035) on China’s Trade Surplus (CNY743.56B) despite deflationary pressures. EUR/USD (1.1400) and GBP/USD (1.3530) hold steady, while USD/CAD (1.3680) dips amid US-Canada tariff relief hopes. USD/JPY (143.20) softens on Japan’s revised GDP, and WTI crude ($63.80) consolidates. Safe-haven silver ($34.50) and gold ($3,355) remain firm amid geopolitical risks and US fiscal concerns. US-China trade outcomes, Chinese CPI/PPI, and Eurozone GDP will drive trends.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
On June 6, 2025, global financial markets are cautious ahead of the US Nonfarm Payrolls (NFP) report, expected to show 130,000 jobs added in May with a steady 4.2% unemployment rate.
The Australian Dollar (AUD/USD at 0.6510) declines amid USD recovery (DXY at 98.80) but downside is limited by market caution.
EUR/USD holds at 1.1440 post-ECB rate cut to 2%, USD/CAD trades near 1.3650 awaiting US/Canada labor data, and NZD/USD dips to 0.6030 after hitting 0.6081.
USD/JPY steadies above 143.50, pressured by weak Japanese Household Spending (-0.1% YoY) despite BoJ rate-hike bets.
WTI crude consolidates at $62.50, supported by US-China trade talk optimism and geopolitical risks.
Silver (XAG/USD) holds at $34.50, and gold (XAU/USD) remains at $3,355.
Key drivers include US-China trade progress, Trump-Musk tensions, and monetary policy expectations, with focus on NFP, Canadian jobs data (-15K expected), and upcoming Chinese economic releases.
Silver (XAG/USD) trades at $34.50, holding steady as safe-haven demand persists ahead of NFP.
Safe-Haven Demand: Geopolitical tensions and US-China trade uncertainties support silver.
US Economic Data: Weak ADP (37K) and ISM Services PMI (49.9) reinforce Fed rate-cut bets, lowering silver’s holding cost.
China’s Economy: Caixin Services PMI at 51.1 boosts industrial demand, but weak Manufacturing PMI (48.3) caps gains.
Monetary Policy: Fed rate-cut expectations and Trump’s pressure on Powell support non-yielding assets.
Trump-Musk Tensions: Musk’s criticism of Trump’s budget bill adds market uncertainty, bolstering silver.
Trend: Neutral-to-bullish, in a rectangular pattern. RSI above 50 suggests upside potential.
Resistance: $34.80 (rectangle’s upper boundary), then $34.90 (seven-week high) and $35.80 (March high).
Support: $33.10 (50-day EMA), then $32.80 (rectangle’s lower boundary) and $32.50 (six-week low).
Forecast: Silver may test $34.80 if NFP is weak. Strong NFP could push to $32.80; weak NFP may drive $35.00.
Market Sentiment: X posts highlight silver’s strength at $34.00+, with $37.79 possible in 2025 per CoinCodex.
Catalysts: US NFP, Canadian jobs data, Chinese data, US-China trade talks, geopolitical risks.
Gold (XAU/USD) trades at $3,355, consolidating below a multi-week high of $3,373, as USD stabilizes (DXY at 98.80) ahead of NFP.
US NFP: Weak ADP (37K) and ISM Services PMI (49.9) boost Fed rate-cut bets (70% for two 25 bps cuts in 2025), supporting gold. Strong NFP could pressure prices.
US-China Trade: Trump-Xi call optimism reduces safe-haven demand, but tariff uncertainties sustain gold’s appeal.
Geopolitical Risks: Ukraine-Russia and Middle East conflicts (Iran nuclear talks) bolster safe-haven flows.
US Fiscal Concerns: Trump’s $4T tax bill and Musk’s criticism of deficit spending add uncertainty, supporting gold.
Monetary Policy: Fed rate-cut expectations and Trump’s pressure on Powell limit USD upside.
Trend: Bullish, above $3,324-$3,326. RSI in positive territory supports upside.
Resistance: $3,380, then $3,400 (multi-week high). A breakout could target $3,500 (April peak).
Support: $3,326-$3,324, then $3,300 and $3,286-$3,285.
Forecast: Gold may test $3,380 if NFP is weak. Strong NFP could push to $3,300; weak NFP may drive $3,400.
Market Sentiment: X posts show gold steady at $3,354-$3,392, with $3,500 possible. Long Forecast projects $3,600 by Q4 2025.
Catalysts: US NFP, Canadian jobs data, Chinese data, US-China trade talks, Trump-Musk feud.
EUR/USD trades at 1.1440, down from a two-month high of 1.1495, as markets await NFP after ECB’s 25 bps rate cut to 2%.
ECB Policy: ECB’s cut to 2% and Lagarde’s cautious outlook (easing cycle nearing end) pressure EUR.
US NFP: Expected 130K jobs could strengthen USD if strong, with weak ADP (37K) and Initial Jobless Claims (247K vs. 235K) suggesting risks.
US-China Trade: Trump-Xi call optimism supports USD, but tariff talks add volatility.
US Fiscal Concerns: Trump’s tax bill and Musk’s budget criticism cap USD gains, aiding EUR/USD.
Geopolitical Risks: Middle East and Ukraine-Russia tensions add EUR safe-haven appeal.
Trend: Bullish, above 1.1400. RSI above 58 favors upside.
Resistance: 1.1450, then 1.1500 and 1.1600.
Support: 1.1400, then 1.1300 and 1.1200.
Forecast: EUR/USD may test 1.1500 if NFP disappoints. Strong NFP could push to 1.1300.
Market Sentiment: X posts suggest EUR/USD caution, with 1.15 possible if USD weakens. CoinCodex forecasts 1.14 average for 2025.
Catalysts: US NFP, Canadian jobs data, Chinese data, US-China trade talks.
USD/CAD trades at 1.3650, near an eight-month low, as markets await US NFP (130K expected) and Canadian jobs data (-15K expected).
US/Canada Labor Data: US NFP (130K) and Canadian job losses (-15K, unemployment at 7%) could strengthen CAD if US data disappoints.
US-China Trade: Trump-Xi call optimism supports USD, but US-Canada trade deal hopes (pre-G7 Summit) bolster CAD.
BoC Policy: Rates held at 2.75% on June 4, with cautious guidance supporting CAD.
Oil Prices: WTI at $62.50 supports commodity-linked CAD, despite oversupply fears.
Trend: Bearish, near YTD lows. RSI below 50 suggests downside momentum.
Resistance: 1.3750, then 1.3800.
Support: 1.3635 (eight-month low), then 1.3600.
Forecast: USD/CAD may test 1.3600 if Canadian data outperforms. Strong NFP could push to 1.3750.
Market Sentiment: X posts highlight CAD strength near eight-month highs. Long Forecast sees 1.35 by Q3 2025.
Catalysts: US NFP, Canadian jobs data, Chinese data, G7 Summit trade updates.
USD/JPY trades above 143.55, steady despite weak Japanese Household Spending (-0.225% YoY) as markets await NFP.
Japanese Data: Unexpected -0.2% YoY Household Spending (vs. 2.1% prior) and real wages down 1.8% pressure JPY, complicating BoJ normalization.
BoJ Expectations: Rate-hike bets persist (inflation at 3.6% YoY), limiting JPY losses, contrasting with Fed rate-cut bets.
US NFP: Weak ADP (37K) and Initial Jobless Claims (247K) cap USD, but strong NFP could lift USD/JPY.
US-China Trade: Trump-Xi call optimism and positive risk tone weaken safe-haven JPY.
Geopolitical Risks: Ukraine-Russia and Middle East tensions support JPY.
Trend: Bearish, in a range. Negative daily RSI suggests downside bias, below 100-period SMA (144.44).
Resistance: 144.00, then 144.50 (100-period SMA).
Support: 143.50-143.45, then 143.20 and 142.70-142.
Forecast: USD/JPY may test 142.70 if NFP is weak. Strong NFP could push to 144.00.
Market Sentiment: X posts suggest JPY caution, with 142.00 possible if safe-haven demand grows. Long Forecast sees 140 by Q4 2025.
Catalysts: US NFP, Canadian jobs data, Chinese data, US-China trade talks.
WTI crude trades at $62.50, consolidating in a narrow band, supported by US-China trade optimism and geopolitical risks.
US-China Trade: Trump-Xi call boosts fuel demand expectations, supporting WTI.
Geopolitical Risks: Canadian wildfires, Ukraine-Russia, and Middle East conflicts (Iran nuclear talks) limit downside.
OPEC+ Output: July hike of 411,000 bpd and Saudi Arabia’s market share push raise oversupply fears, capping gains.
US Economic Data: EIA’s 4.304M-barrel inventory draw supports prices, but weak ISM Services PMI (49.9) signals demand softness. NFP could influence demand outlook.
Trend: Neutral-to-bullish, with RSI near 50. Prices above $60.00 support.
Resistance: $63.50, then $65.00.
Support: $60.00, then $58.50.
Forecast: WTI may test $63.50 if NFP is weak. Strong NFP could pressure to $60.00.
Market Sentiment: X posts show WTI at $65.67, with $65 possible if supply tightens. Long Forecast sees $70 by Q4 2025.
Catalysts: US NFP, Canadian jobs data, Chinese data, OPEC+ updates, geopolitical risks.
On June 6, 2025, markets are on edge awaiting the US NFP (130K jobs expected), driving caution in AUD/USD (0.6510), EUR/USD (1.1440), and USD/CAD (1.3650). Safe-haven silver ($34.50) and gold ($3,355) hold firm amid US-China trade optimism and geopolitical tensions, while USD/JPY (143.55) softens on weak Japanese data. NZD/USD (0.6030) retreats, and WTI crude ($62.50) consolidates. The Trump-Musk feud, US fiscal concerns, and upcoming Chinese data add volatility, with NFP, Canadian jobs (-15K expected), and trade talks as key catalysts. Stay tuned for market reactions.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
On June 5, 2025, global markets are navigating a mix of economic data, trade uncertainties, and monetary policy expectations. The US Dollar (DXY at 98.90) recovers modestly after weak US data (ISM Services PMI at 49.9, ADP at 37K) but remains capped by Fed rate-cut bets (70% for two 25 bps cuts in 2025) and fiscal concerns. Silver (XAG/USD) rises to $34.50 on safe-haven demand, while EUR/USD holds steady at 1.1400 ahead of an expected ECB rate cut to 2%. USD/JPY dips to 143.70, supported by BoJ rate-hike expectations despite JPY softness. AUD/USD trades at 0.6500 after Australia’s trade surplus narrows (A$5,413M), and GBP/USD edges up to 1.3520 on BoE caution. WTI crude falls to $62.00 amid OPEC+ output hikes and oversupply fears. Key catalysts include the ECB rate decision, US Initial Jobless Claims, and Friday’s Nonfarm Payrolls (NFP), with US-China trade talks and Middle East tensions in focus.
Silver (XAG/USD) trades at $34.50 per troy ounce, up after two sessions of losses, driven by safe-haven demand amid global economic and political uncertainty.
Safe-Haven Demand: Rising geopolitical tensions (Ukraine-Russia, Middle East) and US-China trade disputes (Trump-Xi call expected Friday) support silver.
US Economic Data: Weak ISM Services PMI (49.9 vs. 52.0 expected) and ADP employment (37K vs. 115K expected) reinforce Fed rate-cut bets, lowering the opportunity cost of holding silver.
Monetary Policy: Fed rate-cut expectations (70% for two 25 bps cuts in 2025) and Trump’s pressure on Fed Chair Powell to cut rates boost non-yielding assets like silver.
China’s Economy: Caixin Services PMI rose to 51.1 in May (from 50.7), but weak Manufacturing PMI (48.3) signals mixed demand, impacting industrial silver use.
US Fiscal Concerns: Trump’s $4T tax bill and rising deficit fears sustain uncertainty, supporting silver.
Trend: Neutral-to-bullish, consolidating in a rectangular pattern. RSI above 50 suggests upside potential.
Resistance: $34.80 (rectangle’s upper boundary), then $34.90 (seven-week high). A breakout could target $35.80 (March high).
Support: $33.10 (50-day EMA), then $32.80 (rectangle’s lower boundary) and $32.50 (six-week low).
Forecast: Silver may test $34.80 if safe-haven flows persist. Strong NFP (>130K) could push to $32.80; weak NFP (<100K) may drive $35.00.
Market Sentiment: X posts highlight silver’s strength at $34.00+, driven by safe-haven and industrial demand. CoinCodex projects a 2025 high of $37.79.
Catalysts: ECB rate decision, US Initial Jobless Claims, NFP, US-China trade talks, geopolitical risks.
Gold (XAU/USD) trades at $3,355, consolidating below a multi-week high of $3,373, pressured by a modest USD recovery (DXY at 98.90).
Safe-Haven Demand: Geopolitical risks (Ukraine-Russia, Middle East) and trade uncertainties (US-China tensions) sustain gold’s appeal.
US Economic Data: Weak ISM Services PMI (49.9) and ADP (37K) increase Fed rate-cut odds, supporting gold. NFP (130K expected) could sway USD strength.
Monetary Policy: Fed rate-cut bets (70% for two cuts) and fiscal concerns (134% debt-to-GDP by 2035, per Moody’s) limit USD upside.
US-China Trade: Trump’s accusations of China breaching tariff agreements add risk premium, bolstering gold.
Global Sentiment: Positive equity markets cap gains, but uncertainty drives demand.
Trend: Bullish, holding above $3,324-$3,326. RSI in positive territory supports upside.
Resistance: $3,380, then $3,400 (multi-week high). A breakout could target $3,500 (April peak).
Support: $3,326-$3,324, then $3,300 and $3,286-$3,285.
Forecast: Gold may test $3,380 if tensions escalate. Strong NFP could push to $3,300; weak NFP may drive $3,400.
Market Sentiment: X posts show gold steady at $3,354-$3,392, with $3,500 in sight. Long Forecast projects $3,600 by Q4 2025.
Catalysts: ECB rate decision, US Initial Jobless Claims, NFP, Fedspeaks, geopolitical developments.
EUR/USD trades at 1.1400, steady ahead of the ECB’s expected 25 bps rate cut to 2%, as USD struggles post-weak US data.
ECB Policy: Anticipated 25 bps cut to 2% (Deposit Facility Rate) and Lagarde’s press conference will guide EUR sentiment.
US Economic Data: Weak ISM Services PMI (49.9) and ADP (37K) fuel stagflation fears, capping USD gains. NFP (130K expected) is critical.
Monetary Policy: ECB’s dovish stance contrasts with Fed rate-cut bets (70% for two cuts), supporting EUR relatively.
Trade Tensions: US-China talks and Eurozone HICP below 2% add volatility.
US Fiscal Concerns: Trump’s tax bill pressures USD, aiding EUR/USD.
Trend: Bullish, holding above 1.1400. RSI above 58 favors upside.
Resistance: 1.1450, then 1.1500. A breakout could target 1.1600.
Support: 1.1400, then 1.1300 and 1.1200.
Forecast: EUR/USD may test 1.1450 if ECB signals cautious cuts. Strong NFP could push to 1.1300; weak NFP may drive 1.1500.
Market Sentiment: X posts suggest EUR/USD resilience, with 1.15 possible if USD weakens. CoinCodex forecasts 1.14 average for 2025.
Catalysts: ECB rate decision, US Initial Jobless Claims, NFP, US-China trade talks.
GBP/USD trades at 1.3520, up slightly, supported by BoE caution and USD weakness from the “Sell America” trend.
BoE Policy: No clear rate-cut consensus, with Bailey’s data-driven approach supporting GBP.
US Economic Data: Weak ISM Services PMI (49.9) and ADP (37K) limit USD gains, with NFP (130K expected) as a key driver.
US Fiscal Concerns: Trump’s $4T tax bill and “Sell America” trend cap USD upside.
Geopolitical Risks: Global tensions add GBP safe-haven appeal.
Trend: Bullish, above 1.3500. RSI near 60 favors buyers.
Resistance: 1.3560, then 1.3600 (February 2022 high).
Support: 1.3500, then 1.3415 and 1.3375 (50% Fibonacci).
Forecast: GBP/USD may test 1.3560 if BoE remains cautious. Strong NFP could push to 1.3415; weak NFP may drive 1.3600.
Market Sentiment: X posts highlight GBP strength, with 1.36 possible. Long Forecast sees 1.37 by Q3 2025.
Catalysts: ECB rate decision, US Initial Jobless Claims, NFP, Fedspeaks.
USD/JPY trades at 143.70, down from 144.30, as JPY gains on hawkish BoJ expectations despite a cautious market mood.
BoJ Policy: Rising rate-hike bets (real wages down 1.8%, inflation at 4.1% YoY) support JPY, contrasting with Fed’s dovish outlook.
US Economic Data: Weak ISM Services PMI (49.9) and ADP (37K) pressure USD, with NFP (130K expected) critical.
Geopolitical Risks: Ukraine-Russia and Middle East tensions bolster JPY’s safe-haven status.
US-China Trade: Trump-Xi call uncertainty limits USD/JPY upside.
Trend: Bearish, below 100-period SMA (144.30) on 4-hour charts. RSI below 50 supports downside.
Resistance: 144.00, then 144.25-144.30 (100-period SMA).
Support: 142.40-142.35 (weekly low), then 142.10 and 141.60.
Forecast: USD/JPY may test 142.40 if JPY strengthens. Strong NFP could push to 144.00; weak NFP may drive 141.60.
Market Sentiment: X posts suggest JPY resilience, with 142.00 in sight. Long Forecast sees 140 by Q4 2025.
Catalysts: ECB rate decision, US Initial Jobless Claims, NFP, US-China trade talks.
WTI crude trades at $62.00, down slightly, pressured by OPEC+ output hikes and oversupply fears but supported by geopolitical risks.
OPEC+ Output: Third hike of 411,000 bpd for July raises oversupply concerns, with Saudi Arabia eyeing further increases to gain market share.
Geopolitical Risks: Ukraine-Russia, Gaza, and Iran’s rejection of US nuclear deal talks limit WTI downside.
US Economic Data: EIA reports a 4.304M-barrel inventory draw (vs. 900K expected), supporting prices, but weak ISM Services PMI (49.9) signals demand softness.
Global Demand: China’s Caixin Services PMI at 51.1 supports demand, but Manufacturing PMI (48.3) caps upside.
Trend: Neutral-to-bearish, with RSI near 50. Prices hover above $60.00 support.
Resistance: $63.50, then $65.00.
Support: $60.00, then $58.50.
Forecast: WTI may test $63.50 if tensions escalate. Strong NFP could pressure to $60.00; weak NFP may drive $65.00.
Market Sentiment: X posts show WTI at $65.67, with $65 possible if OPEC+ tightens supply. Long Forecast sees $70 by Q4 2025.
Catalysts: US Initial Jobless Claims, NFP, OPEC+ updates, geopolitical risks.
On June 5, 2025, markets are driven by safe-haven flows into silver ($34.50) and gold ($3,355) amid geopolitical tensions and US-China trade uncertainties, with a Trump-Xi call looming. EUR/USD (1.1400) awaits ECB’s rate cut, GBP/USD (1.3520) gains on BoE caution, and USD/JPY (143.70) softens on BoJ hike bets. AUD/USD (0.6500) holds firm despite trade surplus weakness, USD/CAD (1.3720) is steady with trade deal hopes, and WTI crude ($62.00) dips on oversupply fears. The ECB rate decision, US Initial Jobless Claims, and Nonfarm Payrolls will shape trends, with trade talks and Middle East developments critical. Stay tuned for updates.
On June 4, 2025, global financial markets are shaped by optimism over a potential US-Canada trade deal ahead of the G7 Summit (June 15-17), alongside persistent geopolitical tensions and monetary policy developments. The US Dollar (DXY at 99.10) edges higher on technical corrections and robust JOLTS data (7.39M job openings), but faces headwinds from Fed rate-cut bets (70% for two 25 bps cuts in 2025) and US fiscal concerns (Moody’s Aa1 downgrade). Gold (XAU/USD) dips to $3,355 after hitting $3,373, while USD/JPY climbs to 144.30 as the Japanese Yen weakens amid BoJ tapering speculation. AUD/JPY holds at 93.10, USD/CAD stays flat at 1.3720, AUD/USD trades at 0.6470 after weak Australian GDP (0.2% QoQ), and GBP/USD rises to 1.3520 on BoE caution. WTI crude remains steady at $61.45, supported by geopolitical risks. Key catalysts include the BoC rate decision, US ADP report, ISM Services PMI, and Friday’s Nonfarm Payrolls (NFP), with Middle East tensions and US-China trade talks in focus.
Gold (XAU/USD) trades at $3,355 per troy ounce, down from an Asian session high of $3,373, pressured by a modest USD recovery (DXY at 99.10) and positive equity markets.
US-Canada Trade Deal: Optimism over a potential deal before the G7 Summit (June 15-17) reduces safe-haven demand, capping gold upside.
Geopolitical Risks: Ongoing Ukraine-Russia drone attacks and Middle East conflicts (Gaza, Iran nuclear tensions) sustain gold’s safe-haven appeal.
US Economic Data: JOLTS Job Openings at 7.39M (vs. 7.1M expected) signal labor market resilience, supporting USD and pressuring gold. The upcoming NFP (130K expected) could further influence USD strength.
Monetary Policy: Fed rate-cut bets (70% for two 25 bps cuts in 2025, per CME FedWatch) and fiscal concerns (134% debt-to-GDP by 2035, per Moody’s) limit USD gains, supporting gold.
US-China Trade Talks: A scheduled Trump-Xi call on Friday keeps trade war fears alive, bolstering gold.
Trend: Bullish, with a breakout above $3,324-$3,326. RSI in positive territory supports upside, but $3,355 is a key support level.
Resistance: $3,380, then $3,400 (multi-week high). A breakout could target $3,500 (April peak).
Support: $3,326-$3,324, then $3,300 and $3,286-$3,285.
Forecast: Gold may test $3,380 if geopolitical tensions escalate. A strong NFP (>130K) could push prices to $3,300; a weak NFP (<100K) may drive $3,400.
Market Sentiment: X posts show gold holding firm near $3,354-$3,392, driven by safe-haven flows and trade uncertainty. Long Forecast projects $3,600 by Q4 2025.
Catalysts: BoC rate decision, US ADP report, ISM Services PMI, NFP, Fedspeaks (Bostic, Goolsbee, Cook), and US-China trade developments.
USD/JPY trades at 144.30, a weekly high, as the JPY weakens amid positive risk sentiment and BoJ tapering concerns, despite hawkish BoJ signals.
Monetary Policy: BoJ rate-hike bets (Ueda’s cautious remarks, Tokyo CPI at 3.6% YoY) support JPY, but calls to slow bond tapering beyond 2026 weaken it. Fed rate-cut bets (70% for two cuts) cap USD upside.
Japan Services PMI: Revised up to 51.0 from 50.8, signaling service-sector expansion, bolsters BoJ hike expectations, limiting JPY losses.
Geopolitical Risks: Ukraine-Russia and Middle East tensions support JPY’s safe-haven status, capping USD/JPY gains.
US Economic Data: JOLTS at 7.39M supports USD, with NFP (130K expected) as a key driver.
Trend: Bullish, with recovery above 143.00. RSI gaining traction on 4-hour charts, but 200-period SMA (144.30) is a hurdle.
Resistance: 144.75-$3,380, then $3,400 (multi-week high). A breakout could target $3,500 (April peak).
Support: 143.50-143.45, then 143.00 and 142.40-142.35 (weekly low).
Forecast: USD/JPY may test 145.00 if USD strengthens post-NFP. A weak NFP could push to 142.40.
Market Sentiment: X posts note JPY caution ahead of Fed remarks, with 142.00 in sight if safe-haven demand grows. Long Forecast sees 140 by Q4 2025.
Catalysts: BoC decision, US ADP, ISM Services PMI, NFP, BoJ’s June 16-17 meeting, geopolitical risks.
AUD/JPY trades at 93.10, holding positive ground despite weak Australian GDP (0.2% QoQ), supported by JPY softness and risk-on sentiment.
Australian Data: Q1 GDP growth at 0.2% (vs. 0.4% expected) and annual 1.3% (vs. 1.5% expected) pressure AUD. Services PMI at 50.6 signals slow expansion.
JPY Dynamics: BoJ tapering concerns and positive risk tone weaken JPY, lifting AUD/JPY.
US-China Trade: Upcoming Trump-Xi call and Chinese PMI weakness (Caixin at 48.3) add volatility, impacting AUD as a China-proxy.
RBA Policy: Dovish RBA minutes (25 bps cut favored) and Hunter’s global growth caution cap AUD upside.
Trend: Bearish below 100-day EMA (93.90). RSI near 50 suggests consolidation.
Resistance: 93.90 (100-day EMA), then 94.78 (Bollinger Band upper boundary) and 95.65 (May 13 high).
Support: 91.68 (Bollinger Band lower limit), then 90.70 (April 30 low) and 90.00.
Forecast: AUD/JPY may test 93.90 if risk sentiment holds. Weak NFP could push to 91.68.
Market Sentiment: X posts reflect AUD weakness, with JPY softness providing lift. Long Forecast sees AUD/JPY at 95 by Q3 2025.
Catalysts: US ADP, ISM Services PMI, NFP, Chinese stimulus updates, geopolitical risks.
USD/CAD trades flat at 1.3720, near a year-to-date low, as markets await the BoC rate decision and react to US-Canada trade deal optimism.
US-Canada Trade Deal: Reports of a potential deal before the G7 Summit (June 15-17) bolster CAD, capping USD/CAD upside.
BoC Policy: Expected to hold rates at 2.75%, with focus on the policy statement for future guidance, influencing CAD.
US Economic Data: JOLTS at 7.39M supports USD, but Fed rate-cut bets and fiscal concerns limit gains. NFP (130K expected) is critical.
Oil Prices: WTI at $61.45, down slightly, pressures commodity-linked CAD.
Trend: Bearish, near YTD lows. RSI below 50 suggests downside momentum.
Resistance: 1.3750, then 1.3800.
Support: 1.3700, then 1.3650 (October 2024 low).
Forecast: USD/CAD may test 1.3650 if BoC is hawkish or trade deal progresses. Strong NFP could push to 1.3800.
Market Sentiment: X posts highlight CAD strength near eight-month highs, driven by trade deal buzz. Long Forecast sees 1.35 by Q3 2025.
Catalysts: BoC decision, US ADP, ISM Services PMI, NFP, G7 Summit trade updates.
AUD/USD trades at 0.6470, flat after weak Australian GDP (0.2% QoQ), pressured by USD recovery (DXY at 99.10) and Chinese economic concerns.
Australian Data: Q1 GDP at 0.2% (vs. 0.4% expected) and Services PMI at 50.6 weaken AUD.
RBA Policy: Dovish minutes (25 bps cut favored) and Hunter’s caution on global growth cap AUD upside.
China’s Economy: Caixin PMI at 48.3 (vs. 50.6 expected) pressures AUD, though NBS PMI at 49.5 offers support.
US Economic Data: JOLTS at 7.39M supports USD, with NFP (130K expected) as a key driver.
US-China Trade: Trump-Xi call on Friday adds volatility.
Trend: Bullish, within an ascending channel. RSI above 50 supports upside, above 9-day EMA (0.6456).
Resistance: 0.6537 (seven-month high), then 0.6670 (channel’s upper boundary).
Support: 0.6456 (9-day EMA), then 0.6450 and 0.6395 (50-day EMA).
Forecast: AUD/USD may test 0.6537 if USD weakens. Strong NFP could push to 0.6395; weak NFP may drive 0.6670.
Market Sentiment: X posts note AUD weakness at 64.66 US cents, with resilience possible if China stabilizes. CoinCodex sees 0.67 by Q3 2025.
Catalysts: BoC decision, US ADP, ISM Services PMI, NFP, Chinese stimulus updates.
WTI crude trades at $61.45, steady after a 1.9% gain, supported by geopolitical tensions but capped by global demand concerns.
Geopolitical Risks: Ukraine-Russia, Gaza, and Yemen conflicts support prices, with US-Iran nuclear talks adding volatility.
OPEC+ Output: Third hike (>411,000 bpd for July) boosts WTI, though oversupply fears persist.
US Economic Data: ISM PMI at 48.5 signals demand weakness, but a 2.8M-barrel EIA inventory draw supports prices. NFP (130K expected) could influence demand outlook.
Global Demand: Chinese PMI weakness (Caixin at 48.3) and OECD’s downgraded global growth forecast cap upside.
Trend: Neutral-to-bullish, with RSI above 50. Prices hold above $60.00 support.
Resistance: $62.00, then $63.50.
Support: $60.00, then $58.50.
Forecast: WTI may test $62.00 if tensions escalate. Strong NFP could pressure to $60.00; weak NFP may drive $63.50.
Market Sentiment: X posts show WTI at $65.67, with $65 possible if OPEC+ tightens supply. Long Forecast sees $70 by Q4 2025.
Catalysts: BoC decision, US ADP, ISM Services PMI, NFP, OPEC+ updates, geopolitical risks.
On June 4, 2025, markets are energized by US-Canada trade deal optimism ahead of the G7 Summit (June 15-17), while geopolitical tensions in Ukraine, Gaza, and Yemen bolster safe-haven assets like gold ($3,355) and limit JPY losses (USD/JPY at 144.30). GBP/USD ($1.3520) gains on BoE caution, AUD/USD ($0.6470) struggles post-GDP, USD/CAD (1.3720) holds steady, and WTI crude ($61.45) remains firm amid OPEC+ hikes. The BoC rate decision, US ADP, ISM Services PMI, and Nonfarm Payrolls will drive near-term trends, with US-China trade talks and Middle East developments critical. Stay tuned as markets react to these catalysts.
Global financial markets on June 3, 2025, are navigating a complex landscape of escalating trade tensions, geopolitical risks, and shifting monetary policy expectations. The US Dollar (DXY at 98.80) recovers from a six-week low, driven by technical corrections and anticipation of the upcoming US Nonfarm Payrolls (NFP) report, but faces headwinds from Federal Reserve rate-cut bets and US fiscal concerns. Silver (XAG/USD) dips to $34.15 on profit-taking, while gold (XAU/USD) retreats from a $3,400 peak to $3,355 amid USD strength. EUR/USD holds near 1.1420, GBP/USD slips to 1.3515, and USD/JPY rises to 143.25 as the Japanese Yen weakens slightly despite hawkish Bank of Japan signals. AUD/USD weakens to $0.6468 after dovish Reserve Bank of Australia comments, and WTI crude holds at $61.45, supported by OPEC+’s output hike. Key catalysts include US JOLTS Job Openings, Eurozone HICP inflation, BoE Monetary Policy Report Hearings, and Friday’s NFP report, with trade tariffs and Middle East tensions in focus.
Silver (XAG/USD) trades at $34.15 per troy ounce, down 1.70% after hitting a near seven-month high, driven by profit-taking amid easing trade tensions and a recovering US Dollar (DXY at 98.80).
Trade Tariffs: US President Donald Trump’s plan to double steel and aluminum tariffs to 50%, effective June 4 (deadline July 8), fuels uncertainty, though US-China talks (with China suspending some tariffs) temper safe-haven demand for silver.
US Economic Data: The US ISM Manufacturing PMI fell to 48.5 in May (vs. 49.5 expected), signaling a third month of contraction, weakening the USD and supporting silver. The US Nonfarm Payrolls (NFP), expected to show 130K job growth and a steady 4.2% unemployment rate, could sway USD strength.
Safe-Haven Demand: Geopolitical risks, including Ukraine-Russia drone attacks and Gaza conflicts, sustain silver’s safe-haven appeal, though positive equity market sentiment caps gains.
Industrial Demand: Silver’s role in electronics and solar energy, bolstered by China’s 1,500 GW solar capacity, supports prices, but China’s Caixin PMI drop to 48.3 in May signals industrial slowdown risks.
Monetary Policy: Fed rate-cut bets (70% chance for two 25 bps cuts in 2025, per CME FedWatch) lower the opportunity cost of holding silver, supporting prices, though a recovering USD limits upside.
Trend: Silver is consolidating within a rectangular pattern, with a neutral-to-bullish bias. The 14-day Relative Strength Index (RSI) is above 50, indicating potential for upward momentum, though prices are below the 9-day EMA ($34.45).
Resistance Levels: Immediate resistance at the 9-day EMA ($34.45), followed by the rectangle’s upper boundary at $34.80, aligning with the seven-week high of $34.90 (April 24). A breakout above $34.90 could target the seven-month high of $35.80 (March 28).
Support Levels: Immediate support at the 50-day EMA ($33.10), followed by the rectangle’s lower boundary at $32.80. A break below could test the six-week low of $32.50 (May 15).
Forecast: If silver holds above $33.10, it may retest $34.80. A strong NFP (above 130K) could strengthen the USD, pushing prices toward $32.80, while a weak NFP (below 100K) may drive silver toward $35.00, aligning with Long Forecast’s bullish 2025 range ($34-$37).
Market Sentiment: Posts on X reflect bullish sentiment, with silver hitting $34.00+ due to safe-haven demand and solar-driven supply deficits. However, profit-taking and tariff uncertainties temper gains.
Catalysts: US JOLTS Job Openings (Tuesday), US Nonfarm Payrolls (Friday), progress in US-China trade talks (deadline July 8), and geopolitical escalations in Ukraine-Russia or the Middle East.
Gold (XAU/USD) trades at $3,355, down from a near four-week peak of $3,400, driven by USD recovery (DXY at 98.80) and profit-taking amid positive equity markets.
Trade Tensions: Trump’s 50% steel and aluminum tariffs and US-China trade disputes (with China suspending tariffs) sustain uncertainty, reinforcing gold’s safe-haven status.
US Economic Data: The ISM Manufacturing PMI at 48.5 signals continued contraction, weakening the USD and supporting gold. The NFP (130K expected) could bolster the USD if strong, pressuring gold prices.
Geopolitical Risks: Escalating conflicts, including Ukraine-Russia drone attacks and Gaza bombardments, boost safe-haven demand for gold.
Monetary Policy: Fed rate-cut expectations (two 25 bps cuts in 2025, per Fed Governor Christopher Waller) and US fiscal concerns (Moody’s projects 134% debt-to-GDP by 2035) limit USD upside, supporting gold.
Chinese Demand: Ongoing gold purchases by China, as noted in X posts, provide a tailwind for XAU/USD.
Trend: Bullish, following a breakout above the $3,324-$3,326 hurdle. RSI in positive territory supports upside momentum, but $3,355 resistance-turned-support is a critical level.
Resistance Levels: $3,400, followed by $3,430-$3,432. A breakout could target the all-time peak of $3,500 (April 2025).
Support Levels: $3,326-$3,324, then $3,300 and $3,286-$3,285.
Forecast: Gold may retest $3,400 if it holds above $3,326. A strong NFP could push prices toward $3,300, while a weak NFP may drive prices to $3,430.
Market Sentiment: X posts reflect bullish sentiment for gold, with $3,500 in sight driven by trade and geopolitical risks. Long Forecast projects $3,600 by Q4 2025.
Catalysts: US JOLTS Job Openings, US Nonfarm Payrolls, Fedspeaks (Waller, Goolsbee), and progress in US-China trade negotiations.
EUR/USD trades at $1.1420, down slightly after registering over 0.50% gains in the previous session, as the USD recovers (DXY at 98.80) amid technical corrections and trade tariff concerns.
Trade Tariffs: Trump’s 50% steel and aluminum tariffs, effective June 4, prompt threats of EU retaliation, pressuring EUR/USD, though the US-EU tariff delay until July 9 offers some support.
US Economic Data: The weak ISM Manufacturing PMI (48.5 vs. 49.5 expected) limits USD strength, but the NFP (130K expected) could boost the USD if robust.
Eurozone Data: Eurozone Harmonized Index of Consumer Prices (HICP) inflation data, due Tuesday, may influence the European Central Bank’s (ECB) June 12 policy outlook (2.5% deposit rate by Q3 2025, per S&P Global).
Monetary Policy: Fed rate-cut bets (70% probability for two cuts in 2025) contrast with the ECB’s cautious stance (Knot’s murky inflation outlook), providing relative support for the EUR.
US Fiscal Concerns: Trump’s $4T tax bill and stagflation fears cap USD upside, aiding EUR/USD.
Trend: Bullish, holding above 1.1400. RSI above 58 favors upside momentum, though USD recovery tests this trend.
Resistance Levels: 1.1450, followed by 1.1500. A breakout could target 1.1600.
Support Levels: 1.1400, then 1.1300 and 1.1200.
Forecast: EUR/USD may test 1.1450 if HICP data leans hawkish. A strong NFP could push the pair to 1.1300, while a weak NFP may drive it toward 1.1500.
Market Sentiment: X posts suggest EUR/USD resilience, with 1.15 possible if USD weakens further. CoinCodex forecasts an average of 1.14 for 2025.
Catalysts: Eurozone HICP inflation, US JOLTS Job Openings, US Nonfarm Payrolls, and developments in EU-US trade talks.
GBP/USD trades at $1.3515, down from a multi-day peak of $1.3560, as USD buying emerges (DXY at 98.80) ahead of Bank of England (BoE) Monetary Policy Report Hearings.
Monetary Policy: Expectations of a BoE pause on June 18 (38 bps cuts projected for 2025, per X posts) and persistent UK CPI at 3.5% YoY support GBP, contrasting with the Fed’s dovish stance (two cuts expected in 2025).
US Economic Data: The weak ISM PMI (48.5) limits USD gains, but a strong NFP (130K expected) could strengthen the USD, pressuring GBP/USD.
Trade Tensions: Trump’s 50% tariffs raise global uncertainty, capping GBP upside.
BoE Hearings: Comments from BoE Governor Andrew Bailey during the hearings may signal tighter policy, potentially boosting GBP.
Trend: Bullish, with support above 1.3500. RSI near 60 favors buyers, though USD strength tests momentum.
Resistance Levels: 1.3560, followed by 1.3600 (February 2022 high).
Support Levels: 1.3500, then 1.3415 and 1.3375 (50% Fibonacci retracement).
Forecast: GBP/USD may retest 1.3560 if BoE signals a hawkish stance. A strong NFP could push the pair to 1.3415, while a weak NFP may drive it toward 1.3600.
Market Sentiment: X posts highlight GBP strength, with 1.36 possible if BoE remains firm. Long Forecast projects 1.37 by Q3 2025.
Catalysts: BoE Monetary Policy Report Hearings, US JOLTS Job Openings, US Nonfarm Payrolls, and Fedspeaks.
USD/JPY trades at $143.25, up slightly as the JPY weakens amid positive equity markets and concerns over BoJ bond purchase tapering, despite hawkish BoJ signals.
Monetary Policy: BoJ rate-hike expectations (Governor Kazuo Ueda’s comments, Tokyo CPI at 3.6% YoY) support the JPY, contrasting with the Fed’s dovish outlook (70% probability for two rate cuts in 2025).
BoJ Tapering: Calls to slow bond purchase tapering beyond 2026 (per former BoJ member Makoto Sakurai) weaken the JPY, lifting USD/JPY.
Geopolitical Risks: Escalating Ukraine-Russia and Gaza tensions bolster the JPY’s safe-haven status, capping USD/JPY upside.
US Economic Data: The weak ISM PMI (48.5) pressures the USD, but a strong NFP could reverse losses, supporting USD/JPY.
Trend: Bearish, following a breakdown below the 200-hour Simple Moving Average (SMA) at 143.60. RSI below 50 supports downside momentum.
Resistance Levels: 143.60 (200-hour SMA), followed by 144.00 and 144.45.
Support Levels: 142.40, then 142.10 (weekly low) and 141.60.
Forecast: USD/JPY may test 142.40 if JPY strength persists. A strong NFP could push the pair to 144.00, while a weak NFP may drive it toward 141.60.
Market Sentiment: X posts suggest JPY resilience, with 142.00 in sight if safe-haven demand grows. Long Forecast projects 140 by Q4 2025.
Catalysts: US JOLTS Job Openings, US Nonfarm Payrolls, BoJ’s June 16-17 meeting, and geopolitical developments.
AUD/USD trades at $0.6468, down after registering around 1% gains in the previous session, as RBA’s dovish meeting minutes and weak Chinese PMI data (Caixin at 48.3) weigh on sentiment.
RBA Policy: May meeting minutes favor a cautious 25 bps rate cut, with Assistant Governor Sarah Hunter warning of US tariff impacts, capping AUD upside.
China’s Economy: China’s Caixin PMI dropped to 48.3 (vs. 50.6 expected), pressuring AUD, though the NBS PMI at 49.5 offers some support. Potential PBoC stimulus (Pledged Supplementary Lending boost) could lift sentiment.
US Economic Data: The weak ISM PMI (48.5) limits USD strength, but a strong NFP could boost the USD, pressuring AUD/USD.
Trade Tensions: Trump’s 50% tariffs and US-China trade disputes (with China suspending tariffs) add volatility to AUD/USD.
Trend: Bullish, within an ascending channel pattern. RSI above 50 supports upside, with prices above the 9-day EMA ($0.6456).
Resistance Levels: $0.6537 (seven-month high), followed by $0.6660 (channel’s upper boundary).
Support Levels: $0.6456 (9-day EMA), then $0.6450 and $0.6393 (50-day EMA).
Forecast: AUD/USD may test $0.6537 if USD weakens further. A strong NFP could push the pair to $0.6393, while a weak NFP may drive it toward $0.6660.
Market Sentiment: X posts note AUD resilience, with 0.65+ possible if China’s economy stabilizes. CoinCodex projects 0.67 by Q3 2025.
Catalysts: US JOLTS Job Openings, US Nonfarm Payrolls, US-China trade talks, and updates on Chinese stimulus measures.
On June 3, 2025, markets remain volatile as Trump’s 50% steel and aluminum tariffs, effective tomorrow, and US-China trade disputes fuel uncertainty, while geopolitical tensions in Ukraine, Gaza, and Yemen bolster safe-haven assets like gold ($3,355), silver ($34.15), and the Japanese Yen (USD/JPY at 143.25). EUR/USD ($1.1420) and GBP/USD ($1.3515) face pressure from a recovering USD, AUD/USD ($0.6468) is weighed down by RBA dovishness, and WTI crude ($61.45) holds firm amid OPEC+ output hikes. The US Nonfarm Payrolls report, BoE Monetary Policy Report Hearings, and Eurozone HICP inflation data will drive near-term market movements, with trade negotiations and Middle East developments remaining critical. Stay tuned for further updates as markets react to these pivotal catalysts.
On June 2, 2025, global markets are grappling with escalating trade tensions and geopolitical risks, boosting safe-haven assets. The Japanese Yen strengthens for the third consecutive day, pushing USD/JPY to 143.46, driven by BoJ rate-hike expectations and US fiscal concerns. EUR/USD rises to 1.1370, AUD/USD climbs to 0.6460, and NZD/USD nears 0.6000 as USD weakens (DXY at 99.50) post a softer US PCE (2.1% YoY). Gold holds above $3,310, supported by uncertainty, while WTI crude jumps to $61.45 after OPEC+’s third output hike. Key focus is on US ISM Manufacturing PMI and Fed Chair Powell’s remarks, with trade talks and Middle East tensions in the spotlight.
Current Level: DXY trades near 99.50, flat.
Market Dynamics: US PCE inflation eased to 2.1% YoY in April (vs. 2.2% expected), with core PCE at 2.5%, reinforcing Fed rate-cut bets (September and December, per CME FedWatch). Trump’s tariff hike to 50% on steel/aluminum and US-China trade violations (per Reuters) fuel uncertainty, capping USD gains. US fiscal concerns (Moody’s Aa1 downgrade) and hopes for US-China talks (Bessent’s comments) limit upside. US ISM Manufacturing PMI (today) and Powell’s speech are critical.
Technical Outlook: Resistance at 99.80; support at 99.00. RSI near 50 signals neutral bias, awaiting PMI data.
Current Level: USD/JPY trades near 143.46, down 0.4%.
Market Dynamics: Tokyo CPI (3.6% YoY) and core-core CPI (3.3%) exceed BoJ’s 2% target, fueling rate-hike bets (0.5% to 1% by 2026, per Reuters). Hopes for a US-Japan trade deal (Akazawa’s talks) and safe-haven demand (Ukraine-Russia, Gaza conflicts) bolster JPY. USD weakness post-PCE data adds pressure. BoJ’s June 17 meeting and US PMI are key.
Technical Outlook: Support at 143.00; resistance at 144.00 (200-period SMA). Bearish RSI below 50 eyes 142.10.
USD/JPY Forecast: Analysts on X see USD/JPY testing 142.00 if JPY strength persists, with trade deal progress critical. BoJ tightening could drive further JPY gains, per Long Forecast.
Current Level: EUR/USD trades near 1.1370, up 0.2%.
Market Dynamics: USD weakness and Trump’s 50% steel/aluminum tariffs lift EUR/USD, despite ECB’s dovish stance (Knot’s murky outlook). EU’s retaliation threat (per EC) and US-EU tariff delay (July 9) support EUR. Softer PCE (2.1%) and US fiscal concerns aid gains. US PMI and ECB’s Thursday meeting are focal points.
Technical Outlook: Resistance at 1.1400; support at 1.1300. RSI above 58 favors bulls, targeting 1.1450.
Current Level: AUD/USD trades near 0.6460, up 0.5%.
Market Dynamics: USD weakness and tariff concerns (50% on steel) boost AUD, despite weak ANZ Job Ads (-1.2%) and S&P Global PMI (51.0). China’s mixed PMI (Manufacturing 49.5, Non-Manufacturing 50.3) limits gains, but PBoC’s potential PSL boost supports sentiment. RBA’s dovish outlook (rate cuts likely) caps upside. US PMI and trade talks are key.
Technical Outlook: Resistance at 0.6537; support at 0.6445 (9-day EMA). RSI above 50 reinforces bullish bias, eyeing 0.6650.
Current Level: NZD/USD trades near 0.6000, up 0.5%.
Market Dynamics: USD softness and tariff tensions lift NZD, a China-proxy currency. RBNZ’s neutral OCR (2.5%-3.5%, per Silk) and data-dependent stance limit losses. US-China trade disputes and US fiscal concerns support NZD. US PMI and ISM data are critical.
Technical Outlook: Resistance at 0.6050; support at 0.5900. RSI near 50 suggests neutral-to-bullish bias.
Current Level: Gold (XAU/USD) trades near $3,310, up 0.3%.
Market Dynamics: Safe-haven demand from geopolitical risks (Ukraine’s drone attacks, Gaza bombardment, Yemen missile) and trade uncertainty (US-China, 50% tariffs) support gold. Softer PCE (2.1%) and Fed rate-cut bets limit USD-driven losses. US PMI and Powell’s remarks are key, with Chinese demand as a tailwind.
Technical Outlook: Resistance at $3,325; support at $3,280. RSI above 50 favors bulls, targeting $3,350.
Today’s Data: US ISM Manufacturing PMI (forecast: 48.5, per X posts) and Powell’s speech are critical for Fed rate-cut clarity (49 bps by year-end). Japan’s Retail Sales (3.3% YoY) and BoJ’s June 17 meeting shape JPY expectations. ECB’s Thursday meeting looms.
Geopolitical Developments: Ukraine’s drone attacks, Russia’s missile strikes, Gaza bombardment, and Yemen’s missile attack boost safe-haven JPY, gold, and silver. US-Iran nuclear talks impact WTI.
US Fiscal Concerns: Trump’s $4T tax bill and 50% steel tariffs raise deficit fears (9% GDP by 2035, per Moody’s). Fed’s cautious stance (FOMC minutes) highlights stagflation risks.
US-China Trade Deal and Geopolitical Risks
Trade Status: Trump’s 50% steel/aluminum tariffs and US-China trade violations escalate tensions, though Bessent-Xi talks may ease disputes. US-Japan trade deal hopes (Akazawa’s talks) support JPY. EU’s retaliation threat adds volatility.
Geopolitical Tensions: Ukraine-Russia, Gaza, and Yemen conflicts drive safe-haven flows, while US-China trade disputes pressure AUD and NZD.
Outlook
On June 2, 2025, JPY strength pushes USD/JPY to 143.46, while USD weakness lifts EUR/USD (1.1370), AUD/USD (0.6460), and NZD/USD (0.6000). Gold ($3,310) and silver ($33.10) gain, with WTI ($61.45) up on OPEC+ hikes. US PMI, Powell’s remarks, and trade developments will drive volatility, with geopolitical risks in focus.
Stay tuned for further updates.
Instruments 2025-05-30 2025-06-02 2025-06-03 2025-06-04 2025-06-05 2025-06-06 2025-06-09 DJ30 (USD) 18.441 13.339 0 0 14.138 0 0 SPI200 (AUD) 0 0 0.114 0 0 0 0 HK50 (HKD) 2.26 2.106 0.36 4.821 3.755 29.723 6.072 Nikkei225 (JPN) 0 0 0 …
Global markets on May 29, 2025, are reacting to a US federal court’s decision to block Trump’s “Liberation Day” tariffs, boosting risk sentiment and pressuring safe-haven assets. The US Dollar (DXY at 100.30) rises to a weekly high, supported by hawkish FOMC minutes and strong US data, though Q1 GDP data (-0.3% expected) looms. AUD/USD weakens to 0.6410 after soft Australian capex (-0.1%), while GBP/JPY gains to 195.85 on JPY weakness. USD/JPY hits 145.91, EUR/JPY nears 164.00, and NZD/USD dips to 0.5935. Gold falls to $3,295, silver holds at $33.20, and WTI crude steadies at $61.15. US GDP, PCE, and Tokyo CPI data are key catalysts.
Current Level: DXY trades near 100.30, up 0.5%, a weekly high.
Market Dynamics: A US court’s ruling against Trump’s tariffs lifts risk sentiment, supporting USD after hawkish FOMC minutes emphasized steady rates amid policy uncertainty. Strong US Consumer Confidence (98.0) and Durable Goods Orders (-6.3% vs. -7.9%) bolster the Greenback. Q1 GDP (-0.3% annualized, per CNBC) and PCE data (Thursday) are critical, with imports-driven contraction (41.3% surge) clouding outlook. US fiscal concerns (Moody’s Aa1 downgrade) and Trump’s $4T tax bill cap gains.
Technical Outlook: Resistance at 100.50; support at 99.80. RSI near 55 suggests cautious bullishness, per X posts.
Current Level: AUD/USD trades near 0.6410, down 0.4%.
Market Dynamics: Australia’s Q1 Private Capital Expenditure fell 0.1% (vs. +0.5% expected), weakening AUD. RBA’s dovish stance (65% chance of July cut) and US-China trade tensions (US tech export curbs) pressure the pair, despite China’s 3% YoY industrial profit growth. USD strength (DXY at 100.30) and tariff-block news add headwinds. Q1 GDP and US PCE data are key, with Darwin Port tensions adding volatility.
Technical Outlook: Resistance at 0.6537; support at 0.6382 (50-day EMA). RSI at 50 signals neutral bias, with downside risks to 0.5914.
Current Level: GBP/JPY trades near 195.85, up 0.4%.
Market Dynamics: JPY weakens as tariff-block news reduces safe-haven demand, lifting GBP/JPY near a multi-month high (196.30). BoJ rate-hike bets (Ueda’s 2% target focus) limit JPY losses, while USD strength (DXY at 100.30) caps GBP gains. Hot UK CPI (3.5% YoY) supports GBP, but BoE’s cautious outlook (38 bps cuts in 2025) tempers upside. Tokyo CPI (Friday) and US GDP data are focal points.
Technical Outlook: Resistance at 196.40; support at 195.40. Bullish RSI above 60 targets 198.25, with 200-day SMA as a base.
GBP/JPY Forecast: Analysts on X see GBP/JPY testing 197.00 if it breaks 196.40, driven by JPY weakness and risk-on sentiment. BoJ policy tightening could cap gains, with support at 194.00 if pullbacks occur.
Current Level: USD/JPY trades near 145.91, up 0.74%.
Market Dynamics: Tariff-block news and Japan’s bond auction concerns (lowest demand since July) weaken JPY. USD strength (hawkish FOMC minutes) and risk-on mood lift USD/JPY to a two-week high, per X posts. BoJ’s hawkish stance (Services PPI at 3.1% YoY) and Fed rate-cut bets (two 25 bps cuts in 2025) limit JPY losses. Tokyo CPI (Friday) and Q1 GDP are key.
Technical Outlook: Resistance at 146.20; support at 145.35. RSI near 60 supports upside to 147.60, per Long Forecast.
USD/JPY Forecast: Long Forecast predicts USD/JPY at 147 by May-end, with volatility expected through 2025 (low of 135 by October). X posts suggest resistance at 146.20, with Fed signals critical.
Current Level: WTI crude trades near $61.15, flat.
Market Dynamics: US-EU tariff relief and Yemen tensions support WTI, but OPEC+ output hike concerns (+411,000 bpd for July) and US-Iran nuclear talk progress cap gains. EIA inventory build (+1.328M barrels) adds bearish pressure. Q1 GDP (-0.3%) and OPEC+ meeting (May 31) are critical.
Technical Outlook: Resistance at $62.00; support at $60.00. Neutral RSI near 50 awaits catalysts.
Current Level: Gold (XAU/USD) trades near $3,295, down 0.2%.
Market Dynamics: Tariff-block news and USD strength (DXY at 100.30) pressure gold, with hawkish FOMC minutes adding headwinds. US fiscal concerns (Moody’s projects 134% debt-to-GDP by 2035) and geopolitical risks (Yemen strikes, Russia-Ukraine talks) limit losses. Q1 GDP (-0.3% due to 41.3% import surge) and PCE data are key, with Chinese demand supporting XAU/USD.
Technical Outlook: Support at $3,245; resistance at $3,300. RSI below 50 favors bears, with $3,215 as a downside target.
Today’s Data: US Q1 GDP (-0.3% annualized, per BEA) is expected to confirm import-driven contraction (41.3% surge), with PCE Prices QoQ and Initial Jobless Claims also due. Tokyo CPI (Friday) will shape BoJ expectations, while US PCE Price Index (Friday) is critical for Fed policy (3.6% Q1 rise).
Geopolitical Developments: Israel’s Yemen strikes and Russia-Ukraine peace talk proposals (June 2) boost safe-haven JPY, gold, and silver. US-Iran nuclear talks progress slowly, impacting WTI.
US Fiscal Concerns: Trump’s $4T tax bill and Moody’s Aa1 downgrade raise deficit fears (9% GDP by 2035). FOMC’s cautious stance highlights stagflation risks.
US-China Trade Deal and Geopolitical Risks
Trade Status: US court’s tariff block and EU tariff delay (July 9) ease tensions, but US-China tech export curbs and China’s mineral restrictions strain relations. China’s 3% industrial profit growth supports AUD and NZD. Darwin Port tensions add AUD volatility.
Trump Tariffs Impact: The blocked “Liberation Day” tariffs (10% baseline) reduce immediate pressure, but Trump’s appeal and ongoing trade policy uncertainty could impact GDP growth (-0.9% in 2025, per Yale).
Q1 GDP Context: Q1 GDP contracted 0.3% (vs. 0.4% expected), driven by a 41.3% import surge ahead of April tariffs, per BEA. Economists note a potential Q2 rebound if imports normalize, but tariffs could slow growth to 1.6% in 2025.
Outlook
On May 29, 2025, USD strength (DXY at 100.30) pressures AUD/USD (0.6410) and NZD/USD (0.5935), while lifting USD/JPY (145.91) and GBP/JPY (195.85). Gold ($3,295) weakens, silver ($33.20) holds, and WTI ($61.15) steadies. Q1 GDP, PCE, and Tokyo CPI data will drive volatility, with tariff relief and geopolitical risks in focus.
Stay tuned for further updates.
Open a live account and start trading in just minutes.
Fund your account using a wide range of funding methods.
Access 1000+ instruments across all asset classes
