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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.960
98.040
97.960
98.070
97.920
+0.010
+ 0.01%
--
EURUSD
Euro / US Dollar
1.17336
1.17343
1.17336
1.17447
1.17283
-0.00058
-0.05%
--
GBPUSD
Pound Sterling / US Dollar
1.33640
1.33648
1.33640
1.33740
1.33546
-0.00067
-0.05%
--
XAUUSD
Gold / US Dollar
4343.09
4343.50
4343.09
4343.47
4294.68
+43.70
+ 1.02%
--
WTI
Light Sweet Crude Oil
57.501
57.538
57.501
57.601
57.194
+0.268
+ 0.47%
--

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Spot Gold Rose $9 To $4,338.5 Per Ounce In The Short Term; New York Gold Futures Rose 1.00% On The Day, Currently Trading At $4,371.60 Per Ounce

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Bank Of Japan: Two Branches Expect Higher Pay Rises In Fiscal Year 2026, While Two Other Branches Expect Wage Growth To Slow

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Bloomberg News: Bank Of Japan To Start Selling ETF Holdings As Early As January

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Bank Of Japan: Firms' Wage Growth Outlook Due To Need For Retaining Staff Amid Persistent, Severe Labour Shortages

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Bank Of Japan - While Large And Medium-Sized Firms Were Likely To Be Able To Raise As Much Wages In FY 2026 As They Did In FY 2025, It Would Be Difficult For Small Firms To Raise As Much Wages In FY 2026 As In FY 2025

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Bank Of Japan: Most Companies Seem To Believe That Wage Increases In Fiscal Year 2026 Should Be The Same As Or Similar To Those In Fiscal Year 2025

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Bank Of Japan - Firms' Stance On Wage Growth In Fiscal 2026 (As Of December 3, 2025)

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South Korea Presidential Office: Sees Laos As Key Partner In Critical Mineral Supply Chains

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Dollar/Yen Down 0.4% To 155.215

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India's Nifty Auto Index Down 1.2%

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          Bullish Momentum Could Emerge From Local Lows

          Manuel

          Cryptocurrency

          Summary:

          If the price manages to find support and stage a firm rejection at this level again, we could see a renewed wave of buying interest initiating from these local lows.

          BUY BTC-USDT
          Close Time
          CLOSED

          101902.6

          Entry Price

          106000.0

          TP

          99000.0

          SL

          89594.2 +566.5 +0.64%

          1146.8

          Pips

          Profit

          99000.0

          SL

          103049.4

          Exit Price

          101902.6

          Entry Price

          106000.0

          TP

          The ongoing clash between President Donald Trump and tech magnate Elon Musk is now entering sensitive territory, with various key sectors already showing signs of strain.
          According to several recent reports, Trump has launched a public and aggressive offensive aimed at Musk, declaring his intention to terminate all federal contracts and subsidies currently granted to Musk’s companies.
          This escalation follows sharp criticism from Musk regarding Trump’s latest tax-and-spending proposal, which he described as a “disgusting abomination.” Trump responded with characteristic bluntness on Truth Social, stating: “The easiest way to save billions of dollars is to end all government contracts and subsidies for Elon.”
          Elsewhere in the tech sector, Uber—the leading platform for ride-hailing services—appears to be exploring the integration of stablecoins into its payment ecosystem. This potential shift aims to streamline and modernize payment processes within the company’s global operations.
          Uber CEO Dara Khosrowshahi revealed that the company is currently assessing the feasibility of incorporating stablecoins as a tool to enhance international payment efficiency. Although still under consideration, this move could mark a significant step toward broader blockchain adoption among major tech firms.
          Speaking at the Bloomberg Tech conference in San Francisco, as reported by Cryptopolitan, Khosrowshahi emphasized the tangible benefits of using stablecoins—particularly their ability to significantly reduce costs and speed up cross-border transactions. He noted that such digital assets can facilitate near-instant payments with transaction fees up to 80% lower than those of traditional financial systems.
          Uber’s interest in stablecoins stems from its need to operate across a diverse range of currencies and banking frameworks. Leveraging stablecoins could simplify payments to drivers, suppliers, and partners in regions with volatile financial systems or expensive remittance channels.
          Meanwhile, Japanese firm Metaplanet has once again demonstrated its conviction in Bitcoin, adding more of the digital asset to its corporate treasury. The Tokyo-based company announced on Monday that it had acquired an additional 1,088 BTC, investing approximately ¥16.885 billion JPY (roughly $117.5 million USD).
          According to Metaplanet’s disclosure, the purchase was made at an average price of around $108,051 per bitcoin—underscoring the company’s long-term commitment to holding BTC as part of its financial strategy.Bullish Momentum Could Emerge From Local Lows_1

          Technical Analysis

          BTC/USD has retreated sharply amid a broader market sell-off, reaching as low as the 100,500 mark. This level coincides with a previous wick low observed on May 12, a level from which the price rebounded strongly at that time. If the price manages to find support and stage a firm rejection at this level again, we could see a renewed wave of buying interest initiating from these local lows.
          Adding to this possibility, the RSI has dipped into oversold territory, reaching 28—the lowest level recorded in recent sessions. This reading suggests that selling pressure may be waning and that bulls could begin to build positions around this area in anticipation of a rebound.
          On the 4-hour chart, the 100-period and 200-period moving averages currently stand at 106,966 and 104,188, respectively. This gives BTC/USD room to recover toward those levels, which could serve as medium-term targets. Additionally, a potential retest of the descending trendline near 106,000 remains a plausible scenario if bullish momentum builds.
          However, if price action breaks decisively below the recent local low, the bearish trend could extend further, with the next significant support level situated around 98,000—posing downside risk if buyers fail to defend the current zone.
          Trading Recommendations
          Trading direction: Buy
          Entry price: 101900
          Target price: 106000
          Stop loss: 99000
          Validity: Jun 13, 2025 15:00:00
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          XAU/USD plunges around 3.356 as USD strengthens and trade tensions ease

          Adam

          Commodity

          Summary:

          XAU/USD traded around $3,355.94/ounce, down 0.49% from the previous session as the weakening USD showed signs of a slight recovery and trade tensions between the US and China showed signs of easing after a phone call between Mr. Trump and Mr. Xi Jinping...

          SELL XAUUSD
          Close Time
          CLOSED

          3356.00

          Entry Price

          3340.00

          TP

          3380.00

          SL

          4343.09 +43.70 +1.02%

          160.0

          Pips

          Profit

          3340.00

          TP

          3339.99

          Exit Price

          3356.00

          Entry Price

          3380.00

          SL

          Macro Overview

          Recent weak US economic data, with the ADP report for May reporting just 37,000 new jobs, well below the forecast of 110,000, supported gold prices on June 4 as the dollar weakened by 0.5%. However, on June 5, when the US and China agreed to continue trade talks, gold reversed and fell nearly 1% as risk sentiment returned, reducing demand for haven assets. However, the long-term trend still shows central banks continuing to accumulate gold, with a forecast of 1,000 tonnes of purchases by 2025, reflecting safe-haven demand amid a wave of diversification away from the dollar. Geopolitical tensions and easy monetary policies from major central banks remain fundamental support for gold, although short-term momentum is under pressure as the dollar recovers slightly

          Market psychology

          Market sentiment for gold is currently fluctuating between expectations of cooling inflation and monetary policy easing, while US economic data remains "stuck" with no clear trend.. The “Fear Greed” index in the precious metals market remained neutral – leaning towards “fear” as gold prices failed to hold above $3,400, reflecting that investors are still waiting for this week’s US employment data to determine the next trend direction. The latest CFTC data shows that hedge funds are reducing their long positions in gold, implying that institutional traders are reducing risks at the current price range and waiting for a clear signal from the Fed as well as the trade situation.

          Technical analysis

          XAU/USD plunges around 3.356 as USD strengthens and trade tensions ease_1
          On the M15 chart, XAU/USD is trading around $3,355.94, below the Bollinger Bands MA20 (20,0,2) estimated at around $3,378, indicating increasing technical selling pressure.. The upper and lower Bollinger Bands are around $3,403 and $3,339 respectively, with the price touching the lower border, suggesting a possible further test of the $3,339 support. The Ichimoku Kinko Hyo indicator (9,26,52) on M15 shows the price below the Kumo cloud, with the Tenkan-sen line (9) crossing below the Kijun-sen (26) around $3,380, sending a clear short-term sell signal.. The Kumo cloud ahead is sloping down, creating a resistance zone at $3,400–$3,410, making it difficult for gold to break out without a strong bounce from the macro side. The Stochastic Oscillator (5,3,3) on M15 is in the neutral zone, with %K around 45 and %D around 50, not yet in the oversold zone, indicating that the decline may continue before a technical recovery appears. RSI (14) M15 fluctuates around 50, reflecting that buying and selling forces are balanced, but the downward pressure is slightly higher as the price has not been able to hold above $3,370. Trading volume in the Asian session is lower than average, indicating that money flows are waiting for clear macro signals before increasing selling positions.

          Trading Recommendations

          Entry: 3.356 USD
          Take Profit: 3.340 USD
          Stop Loss: 3.380 USD
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          USD/JPY Weakens Around 143.65 as BoJ Maintains Dovish Stance and USD Pressured by US Economic Data

          Adam

          Forex

          Summary:

          USD/JPY traded around 143.65 as the yen received support from news that the BoJ maintained its ultra-easy policy while the dollar was under pressure from weak US jobs data...

          SELL USDJPY
          Close Time
          CLOSED

          143.650

          Entry Price

          142.500

          TP

          144.200

          SL

          155.083 -0.731 -0.47%

          55.0

          Pips

          Loss

          142.500

          TP

          144.200

          Exit Price

          143.650

          Entry Price

          144.200

          SL

          Macro Overview

          The BoJ kept its interest rate unchanged at 0.5% at its June meeting and said it would only consider raising interest rates when the domestic economy and inflation were strong enough, given that core inflation had yet to reach 2% sustainably. The BoJ also said it would continue to scale back bond purchases as planned, but did not change its overall easing policy, keeping real interest rates in Japan low and limiting further depreciation pressure on the JPY. Meanwhile, in the United States, the ADP report for May 2025 recorded only 37,000 new jobs, much lower than the forecast of 110,000, making the Fed tend to maintain a "wait and see" stance and postpone raising interest rates in the coming months. The recent stream of less positive US economic data also includes declines in the ISM services index and manufacturing PMI, reducing demand for holding USD compared to currencies like JPY which are considered safe havens..

          Market psychology

          Sentiment on USD/JPY is shifting to a more “risk-off” stance as hedge funds’ net long JPY position increased to 164,000 contracts, down from 167,300 contracts last week, suggesting speculators are waiting for more macro signals before resuming USD longs.
          The Asia-Pacific currency group’s “Fear Greed” index has remained around neutral – slightly tilted toward “fear,” indicating indecision for USD/JPY as both sides are weighed down by weak economic data and an uncertain policy outlook. In addition, institutional capital is still moving away from overbought USD positions as the greenback is pressured by expectations of a Fed rate hike delay, while the JPY is slightly supported by its “safe haven” role and the BoJ’s indirect intervention through monetary easing. Data from FXStreet also shows that USD/JPY is under pressure as global risk sentiment temporarily cools.

          Technical analysis

          USD/JPY Weakens Around 143.65 as BoJ Maintains Dovish Stance and USD Pressured by US Economic Data_1
          On the M15 chart, USD/JPY is currently trading around 143.65, just below the estimated MA20 of the Bollinger Bands (20, 0, 2) at 143.85, with the upper and lower bands around 145.00 and 142.50 respectively. The price breaking below the MA20 suggests that technical selling pressure is increasing in the short term. The M15 Tenkan-sen (9) at 143.90 has crossed below the M15 Kijun-sen (26) around 144.10, sending out a clear short-term sell signal.. The Kumo M15 currently has two Senkou Span A and B lines at 144.30 and 144.50 respectively, acting as a resistance zone of 144.30–144.50, making it difficult for the price to break out without a significant breakout. The Stochastic (5, 3, 3) M15 indicator is remaining below 50, approaching the oversold zone (below 20), signaling that selling pressure still has room to continue pushing the price down to the support zone around 142.50. At the same time, the RSI (14) M15 fluctuates around 45, not yet in the oversold zone (below 30) but is showing a slight downward trend, implying that the short-term downtrend is still being consolidated. 

          Trading Recommendations

          Entry: 143,65
          Take Profit: 142,50
          Stop Loss: 144,20 
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Is BTC/USD on the verge of a short-term recovery?

          Adam

          Cryptocurrency

          Summary:

          BTC/USD is trading around $102,380 according to M15 data from TradingView <br>tradingview.com <br>. This price level reflects a corrective trend after Bitcoin hit the $100,000–$101,000 support zone in the previous session and shows that technical buying is increasing at an attractive price zone...

          BUY BTC-USDT
          Close Time
          CLOSED

          102504.9

          Entry Price

          103400.0

          TP

          101500.0

          SL

          89594.2 +566.5 +0.64%

          895.1

          Pips

          Profit

          101500.0

          SL

          103410.3

          Exit Price

          102504.9

          Entry Price

          103400.0

          TP

          Macro Overview

          On the macro front, Bitcoin is benefiting from the Fed’s easing cyclical trend as the benchmark US interest rate remains at 5.25% with no signs of further increases in the coming months. The correlation between BTC and the S&P 500 remains at 0.78, indicating that the “risk-on” trend in the stock market tends to push Bitcoin higher when stocks are positive. In addition, geopolitical tensions in Europe and the Middle East have eased compared to last month, reducing the demand for gold as a safe haven, thereby attracting more capital inflows to Bitcoin as a “digital haven”. However, macro risks remain as the US Federal Reserve will release CPI data for May later in the week, which could impact the USD and indirectly affect BTC/USD.

          Market psychology

          The current market sentiment towards Bitcoin is reflected by the Fear Greed Index at 62/100, indicating that the market is leaning towards a “greed” state but not yet overheated, and there is still caution as the price has not surpassed the resistance level of $105,000. On-chain data from Glassnode recorded that the volume of Bitcoin withdrawals from major exchanges continues to remain high, showing that long-term holders are confident and are not in a hurry to take profits, contributing to strengthening the short-term price increase momentum. On the other hand, the Open Interest index in the futures market is still maintained around 8-9 thousand contracts, showing that institutional capital has not been completely withdrawn and still expects a medium-term price increase. The 24-hour trading volume on Binance was approximately $42.14 billion, down slightly by 3.08% compared to the previous day, reflecting that liquidity is at an average level and there has been no breakthrough fluctuations.

          Technical analysis


          Is BTC/USD on the verge of a short-term recovery?_1
          Currently, BTC/USD is trading around $102,380, above the Bollinger Bands MA20 (20,0,2) estimated at $102,200, while the Bollinger Bands upper band is near $105,200 and the lower band is around $100,000. The price breaking above the MA20 shows that technical buying is dominating the short term. The Tenkan-sen (9) and Kijun-sen (26) lines of Ichimoku Kinko Hyo are intersecting around $102,100–$102,150, giving a slight buy signal. The Kumo cloud ahead is still acting as support around $101,500–$101,800, suggesting that this area will be a strong point for the price to test if there is a correction. The Stochastic indicator (5,3,3) on M15 is rising from the oversold zone (below 20) and is currently at 45, implying that there is still room for buying power to push the price towards $105,000. At the same time, the RSI (14) on M15 is around 52, indicating that the price has not entered the overbought zone (above 70), continuing to open up opportunities for price increases.
          Trading Recommendations
          Entry: 102.500 USD 
          Take Profit: 103.400 USD
          Stop Loss: 101.500 USD 
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          EUR/CAD corrects slightly around 1.562 as ECB pauses easing cycle and BoC warns of trade risks

          Adam

          Forex

          Summary:

          The euro edged up only slightly after Lagarde stressed that the easing cycle could pause after eight straight cuts, while the CAD did not strengthen significantly as the BoC said it would cut interest rates if the Canadian economy weakens under pressure from import tariffs...

          SELL EURCAD
          Close Time
          CLOSED

          1.56200

          Entry Price

          1.55800

          TP

          1.56600

          SL

          1.61512 -0.00138 -0.09%

          40.0

          Pips

          Profit

          1.55800

          TP

          1.55797

          Exit Price

          1.56200

          Entry Price

          1.56600

          SL

          Macro Overview

          The ECB cut interest rates by 25 basis points to 2% on June 5, but signaled a possible pause in its easing cycle as eurozone inflation fell to 1.9%, close to its 2% target. Christine Lagarde stressed that given current inflation levels and the economic outlook, the ECB is “well placed” to pause and cut only once more by the end of the year if needed. PMI figures on June 4 showed Germany’s services PMI fell to 49.8, dragging the region’s composite index down to 50.2, its lowest since February 2025, suggesting slowing economic growth in the region.
          In contrast, the Bank of Canada (BoC) on June 4, 2025 kept its base interest rate at 2.75% and made it clear that it would cut it if the economy weakened significantly due to uncertainty over US trade policy.. The BoC cited the US President's imposition of 50% steel and aluminum tariffs on Canada as the biggest "risk driver" for the Canadian economy. Canada's first-quarter GDP growth of just 2.2% in 2025, largely due to lower public spending and stable energy prices, shows the pressure to keep inflation steady around 3.1% and force the central bank to not raise interest rates again.
          Against this backdrop, the monetary policy divergence between the ECB pausing easing and the BoC maintaining interest rates, coupled with less positive eurozone and Canadian data, has kept EUR/CAD in a short-term sideways trend, lacking a strong enough push to break out of the 1.558–1.568 channel..

          Market psychology

          EUR/CAD market sentiment on 06/06/2025 shows cautious state: hedge funds reduce long EUR/CAD positions after ECB signals end of easing game and BoC warns of trade risks. The “Fear Greed” index of European currencies remains neutral, indicating investors are reluctant to open large positions until more data on Eurozone inflation and Canadian employment figures are available. In addition, institutional money did not suddenly turn to CAD despite the BoC holding interest rates, due to tariff concerns and the unclear economic outlook of Canada.

          Technical analysis

          EUR/CAD corrects slightly around 1.562 as ECB pauses easing cycle and BoC warns of trade risks_1
          Currently, EUR/CAD is trading around 1.5620, just below the MA20 (middle Bollinger Band) at 1.5632, with the upper Bollinger Band (20,0,2) around 1.5680 and the lower band around 1.5580. The price's failure to break above the MA20 and a slight decline suggests that sellers are still in control in the short term.
          The Ichimoku Kinko Hyo indicator (9,26,52) on M15 shows that the price is below the Kumo cloud, the Tenkan-sen line (9) at 1.5630 has crossed below the Kijun-sen (26) at 1.5645, generating a short-term sell signal. The front Kumo cloud is sloping down, with Senkou Span A at 1.5635 and Senkou Span B around 1.5660, creating a resistance zone of 1.5635–1.5660.
          The Stochastic Oscillator (5,3,3) indicator on the M15 chart is currently around 35, with %K trending down, not yet in the oversold zone (below 20), showing that selling pressure still has room to test the support at 1.5580. RSI M15 is estimated at around 42, below 50, confirming that the short-term downtrend is still dominant.

          Trading Recommendations

          Entry: 1,5620 
          Take Profit: 1,5580
          Stop Loss: 1,5660 
          EUR/CAD could fall to 1.5580 in the short term if it stays below MA20 and Tenkan-sen, and if the price breaks the support at 1.5580, it could continue to fall to 1.5530. Conversely, if the price bounces and closes above 1.5635 (with increased volume), the SELL strategy is no longer reasonable and a stop loss should be placed at 1.5660, waiting for a technical pullback to 1.5680 before assessing the new trend.
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          EUR/AUD under slight pressure as ECB cuts interest rates to 2%

          Adam

          Forex

          Economic

          Summary:

          EUR/AUD is trading around 1.7550 as the euro is under mild pressure from the European Central Bank (ECB) cutting interest rates to 2% and then signaling a possible end to its easing streak, while the Australian dollar is little changed after weak Q1 GDP growth data (0.2%)...

          SELL EURAUD
          Close Time
          CLOSED

          1.75750

          Entry Price

          1.75000

          TP

          1.76200

          SL

          1.76539 +0.00102 +0.06%

          20.9

          Pips

          Profit

          1.75000

          TP

          1.75541

          Exit Price

          1.75750

          Entry Price

          1.76200

          SL

          Macro Overview

          First, on June 5, 2025, the ECB cut its policy rate by 25 basis points to 2%, warning that the easing cycle may be coming to an end as eurozone inflation fell to 1.9% in May, close to the bank's 2% target. 
          Figures from the June 4 PMI survey also showed that services activity in the eurozone weakened for the first time since November 2024, when the services PMI fell to 49.8 points, pulling the PMI composite index down to 50.2, the lowest since February 2025.
          Against this backdrop, despite the ECB cutting interest rates, the euro only rose slightly as Lagarde reminded that further cuts would depend heavily on future data, limiting expectations of a more aggressive cutting cycle.
          On the other hand, Australia announced that its GDP in the first quarter of 2025 increased by only 0.2%, lower than the expected 0.4% and down from the previous quarter's 0.6%, largely due to a decline in public spending and obstacles from severe weather affecting the mining and tourism industries. 
          The RBA had already cut interest rates to 3.85% on 20 May 2025 and is under pressure to cut further as inflation in Australia cooled to 3.2% (below the target of 2-3%) and is forecast to fall further in the next two quarters. This information has left AUD with little incentive to increase when considering the balance between expectations of further easing and the weak recovery of the economy.

          Market psychology

          The market is currently maintaining a cautious sentiment towards the EUR/AUD pair. Hedge funds have reduced their long EUR/AUD positions over the past week, suggesting that institutional investors are not rushing to enter positions before there is a clear signal from the ECB and RBA. 
          Although the ECB has cut interest rates to 2%, President Lagarde's statements highlighting the possibility of a pause in cuts at the next meeting have limited broad-based buying of the euro. At the same time, the AUD is also under pressure as GDP growth in the first quarter is slow and the RBA is likely to cut interest rates again in July, so money is not willing to buy AUD strongly. 
          As a result, EUR/AUD has been broadly in a narrow range this week, with the Asia-Pacific currency group’s “Fear Greed” index remaining neutral, reflecting the wait for more key data.

          Technical analysis

          EUR/AUD under slight pressure as ECB cuts interest rates to 2%_1
          On the M15 chart of 06/06/2025, EUR/AUD is trading around 1.7850. Important technical levels are as follows:
          The middle band (MA20) on the M15 timeframe is estimated around 1.7600, the upper band around 1.7700 and the lower band around 1.7500, indicating that the price is currently close to the lower Bollinger band. The fact that EUR/AUD has repeatedly failed to surpass the MA20 at 1.7600 and turned down from 1.7580 suggests that the short-term downtrend is still dominant.
          On the M15 chart, EUR/AUD is currently below the Kumo cloud, with the Tenkan-sen (9) estimated at around 1.7575 crossing below the Kijun-sen (26) around 1.7590, sending a short-term sell signal. The front Kumo cloud is also sloping down, creating strong resistance in the range of 1.7580–1.7600. This highlights the possibility of the price continuing to retreat to the support zone of 1.7530 before a technical pullback.
          Stochastic (5,3,3) on the M15 chart is moving down to the oversold zone (below 20), but has not yet reached the bottom, indicating that there is still room for sellers when the price approaches support. If Stochastic drops below 20 and maintains, the price may break the support zone of 1.7530 to head towards 1.7500.
          Trading Recommendations
          Based on macro and technical analysis on M15 timeframe, the strategy to sell (SELL) EUR/AUD on 06/06/2025 is as follows:
          Entry: 1.7575 
          Take Profit: 1.7500
          Stop Loss: 1,7620
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Gold Holds Firm as ECB Cuts Rates, U.S. Jobless Claims Rise, and Trade Tensions Deepen

          Warren Takunda

          Commodity

          Traders' Opinions

          Summary:

          Gold remains buoyant above $3,370 as escalating trade tensions, rising U.S. jobless claims, and a surprise ECB rate cut fuel safe-haven demand.

          BUY XAUUSD
          Close Time
          CLOSED

          3364.73

          Entry Price

          3435.00

          TP

          3320.00

          SL

          4343.09 +43.70 +1.02%

          447.3

          Pips

          Loss

          3320.00

          SL

          3319.93

          Exit Price

          3364.73

          Entry Price

          3435.00

          TP

          Gold prices (XAU/USD) steadied near elevated levels on Thursday as a cocktail of central bank easing, labor market weakness in the United States, and renewed geopolitical friction buoyed investor appetite for safe-haven assets. With spot prices holding above $3,370 after testing $3,400 in early European trade, bullion continues to find firm footing amid deepening macroeconomic and geopolitical uncertainty.
          The metal's latest gains are underpinned by a dovish pivot from the European Central Bank, which delivered a widely expected 25 basis-point interest rate cut—the first in nearly a year. Although the decision was priced in, market participants parsed ECB President Christine Lagarde’s cautious tone during the subsequent press conference. Lagarde flagged persistent financial stability risks in the euro area, acknowledging that while banks remain resilient, external threats—particularly trade-related—continue to cloud the outlook.
          “The risk environment remains fragile,” Lagarde said. “This is a precautionary step aimed at ensuring that monetary conditions remain accommodative enough to support growth as inflation eases.”
          The move comes just ahead of a pivotal meeting between German Chancellor Friedrich Merz and U.S. President Donald Trump in Washington. The two leaders are expected to hash out issues ranging from NATO funding to increasingly strained transatlantic trade ties. The diplomatic backdrop has shifted sharply in recent days as Washington doubled tariffs on European and Mexican steel and aluminum imports from 25% to 50%, prompting retaliatory warnings from global counterparts.
          Mexican President Claudia Sheinbaum was particularly forceful in her remarks, calling the new U.S. tariffs “unjust, unsustainable, and without legal grounds.” Canadian Prime Minister Justin Trudeau labeled the measures “illegal,” while EU officials have hinted that countermeasures could be imposed as soon as next week if talks fail to yield a resolution.
          Across the Atlantic, signs of economic deceleration are becoming harder to ignore. U.S. Initial Jobless Claims rose to 245,000 in the latest weekly reading, exceeding economist expectations of 235,000 and stoking concerns that the labor market is beginning to lose momentum. This followed Wednesday’s weak ADP employment print, which showed private payrolls increasing by just 37,000 in May—well below the 150,000 expected.
          All eyes are now on Friday’s closely watched Nonfarm Payrolls (NFP) report. Consensus forecasts suggest 130,000 jobs were added last month, down sharply from April’s 177,000 figure. While the unemployment rate is expected to remain unchanged at 4.2%, a surprise miss could reinforce market speculation that the Federal Reserve may opt for a rate cut as early as July, rather than waiting until September.
          Such a shift would be particularly supportive for gold, which tends to benefit when interest rates fall and the opportunity cost of holding non-yielding assets declines.
          “Gold is one of the few assets catching a safe-haven bid in a world where central banks are blinking,” said AvaTrade market strategist Naeem Aslam. “With the ECB cutting and the Fed under pressure from rising jobless claims and slower hiring, the path of least resistance for gold remains higher.”
          Technical AnalysisGold Holds Firm as ECB Cuts Rates, U.S. Jobless Claims Rise, and Trade Tensions Deepen_1
          Technically, gold remains on solid footing. The yellow metal continues to trade within a short-term bullish channel and recently confirmed a breakout above the key resistance level of $3,365. Momentum indicators, such as the Relative Strength Index (RSI), are flashing bullish signals, while the 50-day exponential moving average (EMA50) provides dynamic support to price action.
          As long as gold sustains above $3,365, traders are likely to target the next key resistance level at $3,435. A decisive break above this level could pave the way for a fresh leg higher, particularly if Friday’s U.S. employment data disappoints and further dampens the Fed’s tightening stance.
          For now, the short-term trading range is seen between support at $3,330 and resistance at $3,435. The outlook remains bullish, with any dips likely to attract fresh buying interest amid persistent global uncertainties.
          TRADE RECOMMENDATION
          BUY GOLD
          ENTRY PRICE: 3365
          STOP LOSS: 3320
          TAKE PROFIT: 3435
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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