Forex News & Analysis

Forex Today: US Dollar weakens to start week as markets await PMI data

News Discussion Forum

By Fxstreet

Forex Today: US Dollar weakens to start week as markets await PMI data

Here is what you need to know on Monday, June 2:

Majors

Macroeconomics

Currencies

EconomicIndicator

Commodities

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European indices hold a little lower to kick start the week, month

News Discussion Forum

By Forex Live

European indices hold a little lower to kick start the week, month

May was a good month for European stocks, can they follow that up for June?

Stocks

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EUR/JPY Price Forecast: Bullish outlook remains in play above 163.00

News Discussion Forum

By Fxstreet

EUR/JPY Price Forecast: Bullish outlook remains in play above 163.00

The EUR/JPY cross tumbles to around 163.15 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as persistent trade-related uncertainties and geopolitical risks further boost the safe-haven flows.

EURJPY

Technical Analysis

Crosses

Bullish

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Switzerland Q1 GDP +0.5% vs +0.4% q/q expected

News Discussion Forum

By Forex Live

Switzerland Q1 GDP +0.5% vs +0.4% q/q expected

Latest data released by the Federal Statistics Office - 2 June 2025

CHF

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USDJPY Technical Analysis – The greenback is back under pressure

News Discussion Forum

By Forex Live

USDJPY Technical Analysis – The greenback is back under pressure

The USDJPY pair is erasing last week’s losses as the US Dollar comes back under pressure. What’s next?

JPY

USD

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Electronic Trading War Heats Up with TP ICAP's Latest $1.2 Trillion Move

News Discussion Forum

By Finance Magnates

Electronic Trading War Heats Up with TP ICAP's Latest $1.2 Trillion Move

TP ICAP Group has completed the acquisition of Neptune Networks, a bond market data provider, while establishing a partnership with nine major investment banks that will collectively hold a 30% sta...

TP Icap

neptune

Acquisition

bonds

ICAP

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News Discussion Forum

By Forex Live

What are the main events for today?

The US ISM Manufacturing PMI is the main highlight

market overview

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USD/CHF drops to near 0.8200 due to increased safe-haven demand

News Discussion Forum

By Fxstreet

USD/CHF drops to near 0.8200 due to increased safe-haven demand

USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).

USDCHF

Majors

Macroeconomics

Switzerland

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ASIC Finds $1 Trillion in Funds Lack Proper Oversight

News Discussion Forum

By Finance Magnates

ASIC Finds $1 Trillion in Funds Lack Proper Oversight

Australia's financial market watchdog has uncovered significant compliance failures across the managed investment sector, with responsible entities overseeing nearly $1 trillion in assets failing t...

Asic

Australia

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Eurostoxx futures -0.5% in early European trading

News Discussion Forum

By Forex Live

Eurostoxx futures -0.5% in early European trading

A softer tone ahead of the open to start the month of June

Stocks

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Crude Oil price today: WTI price bullish at European opening

News Discussion Forum

By Fxstreet

Crude Oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.90 per barrel, up from Friday’s close at $60.30.

Oil

WTI

Commodities

Bullish

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UK May Nationwide house prices +0.5% vs +0.1% m/m expected

News Discussion Forum

By Forex Live

UK May Nationwide house prices +0.5% vs +0.1% m/m expected

Latest data released by Nationwide Building Society - 2 June 2025

GBP

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EUR/USD Price Forecast: Next upside barrier emerges near 1.1450

News Discussion Forum

By Fxstreet

EUR/USD Price Forecast: Next upside barrier emerges near 1.1450

The EUR/USD pair attracts some buyers to around 1.1370 during the early European session on Monday. The US Dollar (USD) weakens against the Euro (EUR) amid the renewed trade war tensions.

EURUSD

Technical Analysis

Majors

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Silver Price Forecast: XAG/USD holds steady above $33.00 mark, seems poised to climb further

News Discussion Forum

By Fxstreet

Silver Price Forecast: XAG/USD holds steady above $33.00 mark, seems poised to climb further

Silver (XAG/USD) edges higher at the start of a new week and retakes the $33.00 mark during the Asian session, reversing a part of Friday's losses. The intraday uptick, however, lacks bullish conviction, warranting some caution before positioning for any meaningful appreciating move.

Silver

Commodities

Technical Analysis

XAGUSD

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Japan's Ishiba: We have no intention to compromise on US tariffs

News Discussion Forum

By Fxstreet

Japan's Ishiba: We have no intention to compromise on US tariffs

Japan’s Prime Minister Shigeru Ishiba said on Monday that Japan reaffirmed that it was not backing down in wanting tariffs to be reduced.

Japan

UnitedStates

TradeWar

Macroeconomics

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Japan prime minister Ishiba: We have no intention to compromise on US tariffs

News Discussion Forum

By Forex Live

Japan prime minister Ishiba: We have no intention to compromise on US tariffs

Japan reaffirms that they are not backing down in wanting tariffs to be dropped

JPY

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WTI climbs to near $62.00 amid renewed trade tensions

News Discussion Forum

By Fxstreet

WTI climbs to near $62.00 amid renewed trade tensions

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Monday. The WTI price jumps due to ongoing tariff uncertainty and the persistent geopolitical tensions in the Middle East.

Oil

WTI

OPEC

Macroeconomics

Commodities

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FX option expiries for 2 June 10am New York cut

News Discussion Forum

By Forex Live

FX option expiries for 2 June 10am New York cut

A look at what is on the board for today

USD

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USD/CAD falls to near 1.3700 as traders expect BoC to keep rates steady in June

News Discussion Forum

By Fxstreet

USD/CAD falls to near 1.3700 as traders expect BoC to keep rates steady in June

USD/CAD extends its losses for the second successive session, trading around 1.3720 during the Asian hours on Monday.

USDCAD

Macroeconomics

Majors

Oil

Canada

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Gold price intraday move up remains uninterrupted amid broad-based USD selling, weaker risk tone

News Discussion Forum

By Fxstreet

Gold price intraday move up remains uninterrupted amid broad-based USD selling, weaker risk tone

Gold price (XAU/USD) builds on its intraday positive move and advances to over a one-week high, around the $3,359 area during the first half of the European session on Monday.

Gold

Commodities

TradeWar

Fed

SEO

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India Gold price today: Gold rises, according to FXStreet data

News Discussion Forum

By Fxstreet

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Monday, according to data compiled by FXStreet.

Gold

Commodities

Metals

India

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ForexLive Asia-Pacific FX news wrap: Oil up despite OPEC+ output hike. USD lower,

News Discussion Forum

By Forex Live

ForexLive Asia-Pacific FX news wrap: Oil up despite OPEC+ output hike. USD lower,

Forex news for Asian trading on Jun 2, 2025

Session wrap

Wrap Asia

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NZD/USD advances to near 0.6000 due to rising Trump tariff tensions

News Discussion Forum

By Fxstreet

NZD/USD advances to near 0.6000 due to rising Trump tariff tensions

NZD/USD appreciated by more than 0.50%, trading around 0.6000 during the Asian hours on Monday. The pair rises as the US Dollar (USD) remains softer amid increasing concerns regarding slow growth and renewed inflation in the United States (US).

NZDUSD

Majors

Macroeconomics

NewZealand

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ICYMI - JP Morgan CEO Dimon said China not going to come bow down to the US on trade

News Discussion Forum

By Forex Live

ICYMI - JP Morgan CEO Dimon said China not going to come bow down to the US on trade

Dimon spoke at the 2025 Reagan National Economic Forum on Friday

Politics

China

USD

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Australian Dollar rises as US Dollar depreciates ahead of ISM Manufacturing PMI

News Discussion Forum

By Fxstreet

Australian Dollar rises as US Dollar depreciates ahead of ISM Manufacturing PMI

The Australian Dollar (AUD) appreciated against the US Dollar (USD) by over 0.50% on Monday. The AUD/USD pair rises as the Greenback faces challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).

AUDUSD

SEO

Majors

Macroeconomics

Australia

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Japanese Yen climbs to multi-day top against USD; bulls have the upper hand amid divergent BoJ-Fed expectations

News Discussion Forum

By Fxstreet

Japanese Yen climbs to multi-day top against USD; bulls have the upper hand amid divergent BoJ-Fed expectations

The Japanese Yen (JPY) continues with its relative outperformance against a weaker US Dollar (USD) and drags the USD/JPY pair to the 143.00 neighborhood, or a multi-day low heading into the European session on Monday.

USDJPY

BOJ

Inflation

Fed

SEO

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USD/INR edges lower as India’s GDP exceeds expectations, US Dollar declines

News Discussion Forum

By Fxstreet

USD/INR edges lower as India’s GDP exceeds expectations, US Dollar declines

The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.

USDINR

SEO

India

Macroeconomics

EmergingMarkets

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Recap - Japan Q1 capex jumps 6.4%, offering domestic support despite GDP dip

News Discussion Forum

By Forex Live

Recap - Japan Q1 capex jumps 6.4%, offering domestic support despite GDP dip

Japanese corporate capital spending

JPY

Capex

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Heads up for (b/s) 'rumours' doing the rounds of Powell to resign Monday

News Discussion Forum

By Forex Live

Heads up for (b/s) 'rumours' doing the rounds of Powell to resign Monday

The source of these seems to be some loser(s) trying to pump BTC longs

BTC

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Melbourne Institute Australian headline monthly inflation gauge biggest drop in 33 months

News Discussion Forum

By Forex Live

Melbourne Institute Australian headline monthly inflation gauge biggest drop in 33 months

Job ads during May fell also

AUD

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Japan tariff negotiator Akazawa to visit US for tariff talks for 4 days from Thursday

News Discussion Forum

By Forex Live

Japan tariff negotiator Akazawa to visit US for tariff talks for 4 days from Thursday

USD/JPY has dipped on the session, hitting fresh day's lows now under 143.40

JPY

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EUR/USD rises toward 1.1400 as Trump threatens to double import tariffs on steel, aluminum

News Discussion Forum

By Fxstreet

EUR/USD rises toward 1.1400 as Trump threatens to double import tariffs on steel, aluminum

EUR/USD retraces its recent losses registered in the previous session, trading around 1.1370 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles as the US Court of Appeals, on Thursday, ruling allowing US President Donald Trump's tariffs to take effect.

EURUSD

Majors

Macroeconomics

Eurozone

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Morgan Stanley forecasts 9% dollar drop by mid-2026 on 175bp Fed cuts, and slower growth

News Discussion Forum

By Forex Live

Morgan Stanley forecasts 9% dollar drop by mid-2026 on 175bp Fed cuts, and slower growth

Morgan Stanley forecasts EUR/USD to 1.25

Bonds

JPY

GBP

EUR

USD

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Chinese officials issue harsh words against the US on trade

News Discussion Forum

By Forex Live

Chinese officials issue harsh words against the US on trade

The tensions temperature is rising again

China

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Ukraine launches major drone attack on Russian bombers

News Discussion Forum

By Fxstreet

Ukraine launches major drone attack on Russian bombers

Ukraine has carried out a “large-scale” drone attack against Russian military bombers in Siberia, striking more than 40 warplanes thousands of miles from its territory, a security official said early Monday.

Ukraine

RussianFederation

Macroeconomics

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GBP/USD moves back closer to 1.3500 mark amid broadly weaker USD

News Discussion Forum

By Fxstreet

GBP/USD moves back closer to 1.3500 mark amid broadly weaker USD

The GBP/USD pair regains positive traction at the start of a new week amid renewed US Dollar (USD) selling, though it remains below the 1.3500 psychological mark during the Asian session.

GBPUSD

Fed

TradeWar

Currencies

Inflation

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Gold Price Forecast: XAU/USD holds above $3,300 on economic uncertainty, geopolitical risks

News Discussion Forum

By Fxstreet

Gold Price Forecast: XAU/USD holds above $3,300 on economic uncertainty, geopolitical risks

The Gold price (XAU/USD) rebounds to around $3,310 during the early Asian trading hours on Monday. Ongoing tariff uncertainty and persistent geopolitical tensions boost demand for safe-haven assets like gold.

Gold

XAUUSD

Commodities

Macroeconomics

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