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USDCAD, daily chart 👀 The pair reached a new lower low after retesting EMA21, and it's still trading below both EMAs, indicating a possible bearish movement. 📉 A close below 1.3600? Next stop could be 1.3400. 📈 But if bulls break above 1.3750 and EMA21, we might see a move toward the top of the channel.

#economic_calendar These events will affect the market on 5 June.

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📊 Gold pulls back as U.S. dollar strengthens The gold price (XAU) fell by 0.83% on Tuesday, retreating from a nearly four-week high as the U.S. dollar (USD) strengthened. 👉 Possible effects for traders 'It's hard to know what's really driving things today', said Chuck Carlson, CEO of Horizon Investment Services in Hammond, Indiana. 'There seems to be a little bit more comfort that the economy is not going into recession, and there might be a bit of front-running here in the sense we have a jobs report that’s going to be coming out, and investors want to get on the right side of that before it’s released'. Meanwhile, the Organization for Economic Cooperation and Development (OECD) sharply downgraded its global growth outlook, warning that the world economy is likely to slow more deeply than previously expected. The OECD cited escalating protectionist policies—particularly the ongoing U.S.–China trade war—as key risks. It noted that rising tariffs are fuelling inflationary pressures, disrupting global supply chains, and undermining business confidence. The organisation emphasised that if trade tensions continue to escalate, the global economy could slow down further heading into 2026. XAUUSD rose during the Asian session but lost most of its gains during the early European trading hours. Markets now turn their attention to the ADP U.S. Employment Report, due at 12:15 p.m. UTC today. As a widely watched proxy for nonfarm payroll data, the release may trigger volatility across all USD-related pairs. Sign Up Now ➡️https://bit.ly/attocta

📊 Softer-than-expected inflation data pressures euro The euro (EUR) fell by 0.64% against the U.S. dollar (USD) on Tuesday after eurozone inflation came in slightly below expectations. 👉 Possible effects for traders A report showed that eurozone consumer prices rose by 1.9% year-over-year in May, falling just under the 2% market forecast. Weaker-than-expected data heightened expectations that the European Central Bank (ECB) will deliver a 25-basis-point rate cut later this week. With inflation now below the ECB's target and signs of a cooling economy, markets view this move as a final cut before the central bank pauses its easing cycle to reassess incoming economic data. At the global level, the Organization for Economic Cooperation and Development (OECD) revised its global economic outlook, projecting GDP growth to slow from 3.3% in 2024 towards 2.9% in 2025 and 2026. The downgrade reflects growing concerns over escalating trade tensions, which the OECD warns could further undermine business investment, distort supply chains, and fuel inflationary pressures. All these challenges may complicate the path forward for both monetary and fiscal policymakers worldwide. EURUSD remained unchanged during Asian and early European trading sessions. Today, the main focus is on the U.S. macroeconomic reports: ADP Employment at 12:15 p.m. UTC and ISM Services Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. Stronger-than-expected figures may provoke a downward correction in EURUSD. Conversely, weaker-than-expected results may lift the pair towards 1.14500. Sign Up Now ➡️https://bit.ly/attocta

📊 Australian dollar strengthens despite weak GDP The Australian dollar (AUD) gained 0.51% on Tuesday as a weaker U.S. dollar (USD) helped offset disappointing domestic Gross Domestic Product (GDP) figures. 👉 Possible effects for traders Australia's economy expanded by just 0.2% quarter-on-quarter in Q1 2025, marking the slowest growth in three quarters and falling short of the 0.4% forecast. On an annual basis, GDP rose by 1.3%, below the expected 1.5%. Weaker-than-expected figures strengthened expectations of further monetary easing by the Reserve Bank of Australia. Futures pricing now indicates an 80% probability of an additional rate cut at the July meeting. Adding to market uncertainty, U.S. President Donald Trump's latest tariffs on steel and aluminium officially take effect on 4 June, exacerbating tensions with key trading partners. Relations between Washington and Beijing remain fragile, with both sides accusing each other of breaching the terms of their recent trade agreement. Investors are now closely watching for a potential meeting between Trump and Chinese President Xi Jinping later this week, which could lead to either a diplomatic resolution or a further escalation. AUDUSD fell during Asian and early European trading hours. Today, the main focus is on two U.S. macroeconomic reports: ADP Employment at 12:15 p.m. UTC and ISM Services Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. A higher-than-expected number will pressure AUDUSD lower, while softer data may support the pair. Sign Up Now ➡️https://bit.ly/attocta

Bullish and Bearish sectors of the day!💚❤ What do you think about the market today?🤔 - It will go up👍 - It will go down👎 - It will be flat😂

#economic_calendar These events will affect the market on 4 June.

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When the markets move, you need spreads that hold steady. Exness offers some of the most stable spreads on gold, oil, and BTC—even during high impact news. Because the tighter the spread, the more you keep. Same market. Better pricing. #BorntoTrade #Exness

📊 Gold prices start new rally The gold price (XAU) surged by 2.5% on Monday, climbing above $3,370 and reaching its highest level in over three weeks. The surge was driven by rising demand for safe-haven assets amid growing geopolitical and economic tensions. 👉 Possible effects for traders Meanwhile, the U.S. dollar (USD) declined by 0.7%, enhancing the metal's appeal for international buyers and adding momentum to the upward move. With markets already on edge, gold's traditional role as a hedge against volatility and currency weakness returned to focus. Strong risk-off sentiment lifted XAUUSD higher, fuelling bullish momentum. Investor concerns intensified following U.S. President Donald Trump's announcement of a tariff hike on steel and aluminium imports, doubling existing rates towards 50%, starting 4 June. The tariff threat reignited fears of a broader trade war, especially after Trump accused China of violating a recent truce—an allegation Beijing quickly denied. The escalating conflict between the world's two largest economies deepened uncertainty around global trade policy. As a result, investors sought safety, boosting demand for gold as a hedge against rising uncertainty. XAUUSD fell during Asian and early European trading sessions. Today, the main focus is on the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. The data may affect investors' interest rate expectations and trigger volatility in XAUUSD. Higher-than-expected figures may lower the probability of an interest rate cut by the Federal Reserve, potentially pushing XAUUSD below $3,340. Conversely, weaker data would confirm that the U.S. labour market is loosening, increasing the probability of a rate cut later this year and pushing XAUUSD above $3,400. Sign Up Now ➡️https://bit.ly/attocta

📊 EURUSD rallies on escalating trade tensions The euro (EUR) rose by 0.84% against the U.S. dollar (USD) on Monday. 👉 Possible effects for traders 'The DXY (U.S. Dollar Index) fell faster than we had anticipated in our year-ahead outlook, reaching our year-end target of 101.00 last month. We think that this weakening trend continues, and we now forecast the DXY to fall an additional 9% over the next 12 months to 91.000, with USD weakness most pronounced against its safe-haven peers—EUR, JPY, and CHF', Morgan Stanley analysts said in their mid-year outlook. On Monday, China's Commerce Ministry dismissed the recent U.S. accusation of a breaking trade truce as groundless. Officials pledged strong but unspecified countermeasures to protect national interests—signalling a firm stance amid escalating tensions. U.S. Treasury Secretary Scott Bessent tried to calm markets on Sunday, stating that a call between President Trump and Chinese President Xi Jinping was likely imminent. He expressed confidence that the dispute 'will be ironed out', offering a potential diplomatic path to de-escalation. EURUSD fell during Asian and early European trading sessions. Today's market focus is the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. Stronger-than-expected figures could delay the Federal Reserve's rate cuts, pushing EURUSD below 1.13500. Conversely, lower-than-expected results may weaken the U.S. dollar and lift EURUSD above 1.14500. Sign Up Now ➡️https://bit.ly/attocta

📊 GBP rises as tariff worries resurface The British pound (GBP) rose 0.66% against the U.S. dollar (USD) on Monday, driven by rising U.S.–China trade tensions and new metal tariff announcements. 👉 Possible effects for traders U.S. President Donald Trump revealed plans to raise tariffs on steel and aluminium imports from 25% towards 50%. The announcement drew a swift backlash from Beijing, which vowed to retaliate with countermeasures. These developments increased investor concerns over global trade disruptions, boosting demand for safe-haven assets. It also put downward pressure on risk assets across sectors exposed to global manufacturing and commodities. Meanwhile, growing optimism over the U.K. economy supported the British pound. The International Monetary Fund (IMF) revised its 2025 gross domestic product growth forecast from 1.1% towards 1.2%, citing strong consumer demand and resilient investment. However, the IMF urged Chancellor Rachel Reeves to uphold fiscal discipline ahead of the 11 June Spending Review. Inflationary pressures persist, with grocery prices climbing 4.1% year-on-year in May—the highest since early 2024—prompting consumers to shift to cheaper alternatives. In response, markets have scaled back expectations for rate cuts, pricing in just 40 basis points of easing from the Bank of England by year-end. GBPUSD rose during the Asian session but fell during the early European trading session. U.S. JOLTS Job Openings data, due at 2:00 p.m. UTC today, may influence monetary policy expectations and trigger volatility in GBPUSD. Numbers exceeding the forecast may lower the probability of a rate cut by the Federal Reserve, pushing GBPUSD down towards 1.34500. Lower-than-expected results will confirm a loosening U.S. labour market, lifting GBPUSD above 1.35600. Sign Up Now ➡️https://bit.ly/attocta

#economic_calendar These events will affect the market on 3 June.

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