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Fxstreet
Gold Price Forecast: XAU/USD resumes its uptrend, heading to $3,365 and $3,415
Gold (XAU/USD) has been one of the major beneficiaries of the US Dollar sell-off on Monday. The Precious metal has surged about $60 so far, as the US dollar drops across the board on a mix of trade uncertainty and looming woes about the US fiscal health.
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17 out of 23 economists expect the BoC to cut at least twice more this year
Reuters poll
CAD
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JPY seeing impressive gains on solid fundamental data – Scotiabank
Japanese Yen (JPY) is strong, up 0.8% against the US Dollar (USD) and outperforming most of the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Technical Analysis
Japan
BOJ
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Fxstreet
GBP gains offer retracement back toward recent multi-year high – Scotiabank
Pound Sterling (GBP) is also showing impressive strength with a 0.6% gain vs. the US Dollar (USD) and mid-performance among the G10, retracing a good portion of its latest pullback from last Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
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Fxstreet
EUR climbs within range – Scotiabank
Euro (EUR) is strong, up an impressive 0.6% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
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Fxstreet
CAD probes best levels since Oct on weak USD – Scotiabank
Better than expected GDP data for Q1 provided a bit of a lift for the CAD Friday.
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Trade, tariff concerns weigh on the USD – Scotiabank
With a new month underway, the US Dollar (USD) finds itself on the defensive again, supporting the idea that some of its late May gains could have been related to month-end demand.
DollarIndex
Banks
Technical Analysis
Fed
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Fxstreet
USD/CNH: Next resistance at 7.2180 is unlikely to come under threat – UOB Group
Chance for US Dollar (USD) to edge above 7.2100 before leveling off against Chinese Yuan (CNH); next resistance at 7.2180 is unlikely to come under threat.
Banks
Technical Analysis
USDCNH
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US: The sky seems to be the limit for US tariffs – Commerzbank
As if the prospect of renewed conflict with China were not enough, Donald Trump announced on Friday that he would double tariffs on steel and aluminium imports to 50%, Commerzbank's FX analyst Michael Pfister notes.
Banks
UnitedStates
Politics
US Elections
TradeWar
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Fxstreet
USD/JPY: Outlook for USD is unclear after wild swings – UOB Group
US Dollar (USD) is likely to trade in a range of 143.25/144.30. In the longer run, the outlook for USD is unclear after wild swings; for the time being it could trade between 142.10 and 146.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
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Fxstreet
AUD/USD approaches 0.6500 with the US Dollar on the defensive
The Australian Dollar is one of the stronger performers on Monday. The sour risk sentiment is not weighing the Aussie today, which is drawing support from a weak US Dollar to reach levels right below 0.6500.The Greenback has opened the week on the back foot, hit by a mix of events.
AUDUSD
Currencies
Fed
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NZD/USD might test the significant resistance level at 0.6030 – UOB Group
Above 0.6000, New Zealand Dollar (NZD) has a chance to test of the significant resistance level at 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
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Fxstreet
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.
Banks
Brent
Oil
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Fxstreet
GBP: Staying supported for now– ING
Pound Sterling (GBP) is staying relatively supported, particularly against the US Dollar (USD), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
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EU trade commissioner Šefčovič to meet with US trade representative Greer later this week
The pair will be meeting in Paris on Wednesday
Politics
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EU Trade Commissioner Sefcovic will meet US Trade Representative Greer on Wednesday
An EU spokesperson with the heads up
EUR
USD
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US futures hold lower ahead of North America trading
Trade uncertainty weighs on risk sentiment to start the new week
Stocks
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Fxstreet
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
Banks
USDCNH
Technical Analysis
USDCNY
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USD: Risk environment softens on trade confrontation – ING
Global equity markets and the dollar start the week a little softer as trade tensions between the US and China start to reappear. It's not quite fair to say that the US-China trade deal reached in Geneva last month is unravelling, but both sides clearly seem frustrated.
DollarIndex
Banks
Technical Analysis
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Fxstreet
AUD/USD: Expected to trade in a range – UOB Group
For the time being, Australian Dollar (AUD) is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
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Forex Live
What are the current interest rate expectations for the major central banks?
The market pricing remained roughly unchanged for most central banks except the RBNZ after the less dovish than expected policy decision
market overview
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Fxstreet
US Crude Oil (WTI) appreciates against all odds and returns to above $62.00
Buy the rumour, sell the news in Oil prices, as the US benchmark WTI appreciates about $2.5 so far today, despite the output hikes announced by OPEC+ members, fresh threats of US tariffs and new trade tensions between the US and China.
Oil
WTI
Commodities
UnitedStates
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Trump to double tariffs on Steel and Aluminium – ING
Trump said he would increase tariffs on Steel and Aluminium to 50% from 25%, effective 4 June. He made the announcement as he visited a US Steel Corp. plant on Friday.
Banks
UnitedStates
Gas
Energy
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Fxstreet
GBP/USD: Likely to trade between 1.3400 and 1.3600 – UOB Group
Current GBP/USD price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
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Fxstreet
OPEC+ supply increase in line with our expectations – ING
OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June.
Oil
Banks
Energy
OPEC
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EUR: Staying bid despite another possible ECB rate cut – ING
US Dollar (USD) problems are keeping EUR/USD bid, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
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Fxstreet
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
Increase in momentum is not enough to indicate a sustained advance; Euro (EUR) is likely to trade in a range of 1.1270/1.1435 for now vs US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
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Fxstreet
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Commodities
Metals
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Crude oil rallies as OPEC+ hikes output by less than expected
OPEC+ underdelivered on expectations of higher than 411,000 bpd hike for July as it matched the May and June figures
Oil
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Fxstreet
US Dollar Index drops below 99.00 due to tariff threats, ISM Manufacturing PMI awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday.
DollarIndex
Macroeconomics
Majors
UnitedStates
TradeWar
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Fxstreet
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
The New Zealand Dollar is one of the best performers on Monday.
NZDUSD
Currencies
Technical Analysis
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Market Outlook for the week of June 2nd - 6th
Highlights of the week include BoC and ECB monetary policy announcements, as well as labor market data for the U.S. and Canada
CAD
USD
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UK May final manufacturing PMI 46.4 vs 45.1 prelim
Final reading released by S&P Global - 2 June 2025
GBP
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UK April mortgage approvals 60.46k vs 63.00k expected
Latest data released by the BOE - 2 June 2025
GBP
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Fxstreet
USD/CAD explores Year-to-Date lows below 1.3700 amid broad-based Dollar weakness
Strong Canadian GDP raises expectations of a hawkish BoC on Wednesday.The US Dollar is dropping across the board, hammered by a mix of risk aversion amid Trump’s erratic trade policies, concerns about fresh tariffs, and looming fears of US debt that have revived the “sell America” trade.The US Presi
USDCAD
Currencies
GDP
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Gold buyers look to buck the trend with the move higher today
The precious metal is up roughly 2% to start June trading
Gold
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Fxstreet
EUR/GBP steadies near 0.8450 due to risk-off mood following Trump tariff tensions
EUR/GBP remains steady after registering gains in the previous two sessions, trading around 0.8430 during the early European hours on Monday.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
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Fxstreet
EUR/USD stalls below 1.1435 with US manufacturing data and Fed Powell on focus
EUR/USD has lost bullish momentum after a strong rally during Monday's Asian and early European sessions.
EURUSD
Currencies
Technical Analysis
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Eurozone May final manufacturing PMI 49.4 vs 49.4 prelim
Latest data released by HCOB - 2 June 2025
EUR
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Forex Live
Germany May final manufacturing PMI 48.3 vs 48.8 prelim
Final reading released by HCOB - 2 June 2025
EUR
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