rend: 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...
Key Economic Events – Wednesday, June 4, 2025
🇺🇸 U.S.
ADP Jobs Report (May): A preview of private job growth; markets watch this ahead of Friday's official jobs report.
ISM Services PMI (May): Measures health of the U.S. services sector. A reading above 50 = growth.
Fed Speakers: Bostic and Cook will speak—markets listen for interest rate hints.
Beige Book:...
Trade Tensions: US-China, US-Europe
Trump and Xi May Speak This Week: The call—if it happens—comes amid rising tensions over critical mineral exports, crucial for electronics and clean tech.
Market Implication: Ongoing uncertainty in US-China trade could pressure tech, EVs, and semiconductors, which rely on these materials. Watch for volatility in those...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
Trend Overview:
EUR/USD continues to exhibit a bullish price structure, supported by a rising trendline and higher lows. Recent intraday action reflects a corrective pullback, suggesting a temporary pause within the broader uptrend.
Key Technical Levels:
Support: 1.1300 (primary), followed by 1.1235 and 1.1180
Resistance: 1.1430 (initial), then 1.1470 and...
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),...
Key Economic Data
United States
April Factory Orders: A modest increase would indicate steady demand in manufacturing, supporting a soft-landing narrative.
JOLTS Report: Elevated job openings may point to a tight labor market, reinforcing wage and inflation pressures, potentially influencing the Fed’s rate path.
May Total Vehicle Sales: A rebound would suggest...
Macro & FX Outlook
Morgan Stanley forecasts a 9% decline in the US dollar by mid-2026, driven by a slowing US economy and expected Fed rate cuts.
Trading implication: Long positions in EUR, GBP, and other G10 currencies may benefit as USD weakens. Watch for renewed momentum in carry trades and emerging market FX.
Geopolitics
Ukraine-Russia conflict escalates...
Gold continues to exhibit a bullish overall sentiment, supported by a well-established rising trend on the higher timeframes. However, recent intraday price action has transitioned into a consolidation phase, signalling temporary indecision following the latest bullish move.
Key Technical Levels:
Support:
3250 – Critical near-term support; also the previous...
Key Economic Data Releases
United States
ISM Manufacturing Index (May)
A leading indicator for the economy. A stronger-than-expected reading could strengthen the USD and raise Treasury yields.
Construction Spending (April)
Tracks activity in the construction sector, useful for GDP estimates.
United Kingdom
Net Consumer Credit & M4 Money Supply (April)
Provides...
The GBPAUD currency pair continues to exhibit a bullish price action bias, underpinned by a well-established rising trend. Recent intraday movements indicate a sideways consolidation, suggesting the pair may be preparing for the next directional move.
Key Support Level: 2.0700
This level represents a significant area of prior consolidation and now acts as...
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: 1.3400
This level aligns with a previous consolidation zone and is acting as a...
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:
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...
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...
Trend Overview:
Ethereum (ETH/USD) remains in a bullish trend, underpinned by a sequence of higher lows and a well-defined rising structure. Recent intraday price action reflects a consolidation phase, likely forming a bullish continuation pattern within the prevailing uptrend.
Key Technical Levels:
Support: 2,360 (primary), followed by 2,160 and...
Trend Overview:
Bitcoin (BTC/USD) remains in a bullish trend, characterized by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 103,330 (primary pivot), followed by 100,680 and 97,700
Resistance: 113,040...
Key Support and Resistance Levels
Resistance Level 1: 42,920
Resistance Level 2: 43,300
Resistance Level 3: 43,620
Support Level 1: 41,470
Support Level 2: 41,160
Support Level 3: 40,890
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It...
