Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on...
🇺🇸 United States
NY Fed 1-Year Inflation Expectations: Rose slightly to 3.1% in May from 3.0% in April. This suggests increasing consumer concerns about short-term inflation, potentially influencing Fed policy.
Wholesale Trade Sales (April): Awaiting data.
🇨🇳 China
May CPI: Up 0.3% YoY, but fell 0.1% MoM — indicating weak consumer demand.
May PPI: Fell 1.4%...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3500
This level aligns with a previous consolidation zone and is acting as a...
Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
8760 – Key level from prior consolidation.
8680, then 8640 – Next supports if 8680 breaks.
Resistance:
8830 – First upside target.
8930, then 9000 – Further resistance levels on continued...
The AUD/USD pair maintains a bullish bias, underpinned by a steady rising trend on the higher timeframes. However, recent intraday price action shows consolidation, indicating a pause in upward momentum as the market awaits a fresh catalyst.
Key Technical Levels:
Support:
0.6360 – Critical near-term support and prior consolidation zone. A successful retest...
The Gold price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent price action is consolidating in a sideways trading range.
The key trading level is at 3350, which is the previous consolidation trading range zone. A corrective pullback from the current levels and a bullish bounce back from the 3300 level could target...
Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on...
Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
8680 – Key level from prior consolidation.
8625, then 8510 – Next supports if 8680 breaks.
Resistance:
8850 – First upside target.
8910, then 9020 – Further resistance levels on continued...
🇺🇸 United States
May Jobs Report: Expected to show 125,000 new jobs (vs. 177,000 in April); unemployment rate likely steady at 4.2%. Slower hiring may reflect effects of trade tensions.
April Consumer Credit: Will reveal household borrowing trends. "Buy Now, Pay Later" usage is up, especially among younger, wealthier consumers. Consumer stress rising.
🇯🇵...
Trump Tightens Immigration: Bans people from 12 countries, limits entry from 7 more, and blocks foreign students from attending Harvard.
Russia-Ukraine Tensions: Putin plans to strike back after a Ukrainian drone attack. Trump says Russia’s allies won’t profit from rebuilding Ukraine.
UK Housing Boom: Home sales rose 6% in May, the strongest in 3+ years, despite...
The European Central Bank (ECB) is expected to cut rates by 25 bps today, lowering the deposit rate to 2.00%. While this move is largely priced in, what matters for markets—especially EUR/JPY—is the forward guidance.
Relevance to EUR/JPY:
Rate Cut = EUR Bearish: Lower rates reduce euro appeal, especially vs. the yen, which is still heavily influenced by the Bank...
The European Central Bank (ECB) is widely expected to cut interest rates by 25 basis points today, bringing the deposit rate from 2.25% to 2.00%. This marks the first rate cut since 2019 and is a clear signal that the ECB is shifting from its aggressive inflation-fighting stance toward more growth-supportive policy.
Why It Matters for EUR Traders:
Rate Cut = EUR...
Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favor the upside, although recent intraday price action suggests a sideways consolidation, signaling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot),...
Economic Data Releases
United States
April trade deficit widened.
Initial jobless claims due today.
ISM Manufacturing PMI for May remains below 50, indicating contraction.
China
Caixin Services PMI (May): 51.1 (up from 50.7).
Composite PMI fell to 49.6, showing overall contraction.
Japan
May Manufacturing PMI: 49.4 (up from 48.7), slower...
Today’s key focus is on U.S. jobs and services data, and the Fed’s tone.
Markets will react to signs of inflation, growth and the Feds speech which could indicate a shift in direction of its core policy.
Key Support and Resistance Levels
Resistance Level 1: 22040
Resistance Level 2: 22250
Resistance Level 3: 22690
Support Level 1: 22330
Support Level 2:...
Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets if bullish breakout occurs.
Support:
6350 – Initial downside...
Trend: The sentiment remains bearish, in line with the prevailing downward trend.
Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows.
Key Levels
Resistance:
6360 – Key resistance and prior consolidation zone.
Above that: 6440, then 6530 – Next upside targets if breakout occurs.
Support:
6020 – Initial...
Today’s key focus is on the Bank of Canada’s interest rate decision. Markets will react to signs of inflation, growth, or central bank policy shifts.
Q1 Labor Productivity: Tracks efficiency of Canadian workers—important for inflation outlook.
Bank of Canada Rate Decision: Expected to keep rates at 2.75% due to sticky inflation, even as the economy slows.
Key...
