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USD steadies ahead of payrolls – Scotiabank
USD steadies ahead of payrolls – Scotiabank
The US Dollar (USD) is heading into the end of the week with moderate but broad bid under it.
DollarIndex
Banks
Technical Analysis
Gold Price Forecast: XAU/USD rally loses steam and approaches $3,340 support area
Gold Price Forecast: XAU/USD rally loses steam and approaches $3,340 support area
Gold (XAU/USD) is practically flat on Friday, trapped within the last few days' trading range. The broader trend remains positive, but the failure to breach resistance at the $3.400 area this week has shifted the focus towards the $3,340 support area.
XAUUSD
Gold
Commodities
NFP
USD/CNH: Likely to trade in a range between 7.1660 and 7.1860 – UOB Group
USD/CNH: Likely to trade in a range between 7.1660 and 7.1860 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1660 and 7.1860. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Gold nears $3,400 as geopolitical risk and tariff tensions fuel flight to safety – Commerzbank
Gold nears $3,400 as geopolitical risk and tariff tensions fuel flight to safety – Commerzbank
Gold has been showing strength for some time now: it is currently scratching at the $3,400 per troy ounce mark again, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gold
XAUUSD
Commodities
Banks
Metals
USD/JPY: Likely to trade in a range of 142.95/144.40 – UOB Group
USD/JPY: Likely to trade in a range of 142.95/144.40 – UOB Group
US Dollar (USD) is likely to trade in a range of 142.95/144.40 against Japanese Yen (JPY). In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
EUR: Dovish forecasts, hawkish Lagarde – Commerzbank
EUR: Dovish forecasts, hawkish Lagarde – Commerzbank
As expected, the ECB lowered its interest rates by another 25 basis points to 2.0% yesterday. However, the exchange rate only really started to move during the press conference, Commerzbank's FX analyst Volkmar Baur notes.
Banks
EURUSD
Technical Analysis
ECB
US labor market: weaker, but not weak – Commerzbank
US labor market: weaker, but not weak – Commerzbank
Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published. According to Bloomberg, the consensus expectation is that the US economy created 126,000 new jobs in May.
Banks
UnitedStates
NFP
Employment
DollarIndex
NZD/USD may not be able to break above 0.6080 – UOB Group
NZD/USD may not be able to break above 0.6080 – UOB Group
Risk remains on the upside, but with no clear increase in momentum, New Zealand Dollar (NZD) may not be able to break above 0.6080 against US Dollar (USD).
NZDUSD
Technical Analysis
Banks
AUD/USD drifts below 0.6500 with the Dollar picking up ahead of the NFP report
AUD/USD drifts below 0.6500 with the Dollar picking up ahead of the NFP report
The Australian Dollar extends losses below 0.6500 on Friday as traders trim their US Dollar short positions ahead of the US Nonfarm Payrolls report.
AUDUSD
Currencies
Majors
NFP
What is the distribution of forecasts for the US NFP?
What is the distribution of forecasts for the US NFP?
Knowing the range of expectations is important, but the distribution of forecasts is another key input in the market's reaction.
market overview
CHF: Switzerland returns to UST's Monitoring List – ING
CHF: Switzerland returns to UST's Monitoring List – ING
Switzerland and Ireland were added to the US Treasury's monitoring list when it comes to FX practices, ING's FX analyst Chris Turner notes.
USDCHF
Switzerland
Banks
SNB
Technical Analysis
AUD/USD holds above 50-DMA – Société Générale
AUD/USD holds above 50-DMA – Société Générale
AUD/USD is showing signs of potential upside as it consolidates above key technical levels, with bullish momentum building if support at 0.6400 holds, Société Générale's FX analysts note.
AUDUSD
Banks
Technical Analysis
Silver Price Forecast: XAG/USD extends rally above $36 on value-buying, US NFP in spotlight
Silver Price Forecast: XAG/USD extends rally above $36 on value-buying, US NFP in spotlight
Silver price (XAG/USD) refreshes over a decade high to near $36.20 on Friday. The white metal performs strongly as market experts quoted it a value buy, citing its secular underperformance in comparison with Gold.
Silver
XAGUSD
NFP
Gold
China
RUB: Consensus has shifted towards rate cut – Commerzbank
RUB: Consensus has shifted towards rate cut – Commerzbank
The Central Bank of Russia's (CBR) had been expected to hold its key rate steady at today’s meeting. This had been a majority view among analysts, including ourselves, until recently, but as of late, the consensus majority has shifted in favour of a 100bp rate cut today.
USDRUB
RussianFederation
Banks
AUD/USD: To test 0.6540 before pulling back – UOB Group
AUD/USD: To test 0.6540 before pulling back – UOB Group
Australian Dollar (AUD) could first test 0.6540 against US Dollar (USD) before the risk of a pullback increases. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
BoJ said to consider smaller reductions to its bond buying – Bloomberg
BoJ said to consider smaller reductions to its bond buying – Bloomberg
Citing people with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the central bank is “said to consider smaller reductions to its bond buying.”
BOJ
USDJPY
Bonds
CentralBanks
USD: Market wants a softer jobs figure – ING
USD: Market wants a softer jobs figure – ING
Fortunately, the very public fallout between President Trump and Elon Musk has not had broader market implications. Despite the travails for Tesla, the broader S&P 500 was only off 0.5% yesterday and futures now call the S&P modestly higher today.
Banks
DollarIndex
Technical Analysis
Fed
GBP/USD: Likely to retest the 1.3615 level – UOB Group
GBP/USD: Likely to retest the 1.3615 level – UOB Group
Firmer underlying tone suggests Pound Sterling (GBP) could retest the 1.3615 level against US Dollar (USD); the next resistance at 1.3655 is unlikely to come under threat.
GBPUSD
Banks
Technical Analysis
EUR: Lagarde provides support – ING
EUR: Lagarde provides support – ING
We were caught off guard by the main message from ECB President Christine Lagarde yesterday that the easing cycle was nearing its conclusion, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into play
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into play
New Zealand Dollar’s upside attempts were capped at 0.6180 on Thursday, and the pair is extending the reversal on Friday, against a somewhat firmer US Dollar, which brings the 0.6000 support area back into focus.The Greenback is trimming some losses with investors unwinding their USD shorts, after a
NZDUSD
Technical Analysis
Currencies
EUR/USD: Chance to potentially retest 1.1495 – UOB Group
EUR/USD: Chance to potentially retest 1.1495 – UOB Group
Euro (EUR) could potentially retest 1.1495 against US Dollar (USD) or even break above this level; slowing momentum suggests 1.1530 is likely out of reach.
EURUSD
Technical Analysis
Banks
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver
Commodities
Metals
President Xi Jinping enjoying watching Trum and Elon destroy each other on their keyboards
President Xi Jinping enjoying watching Trum and Elon destroy each other on their keyboards
We start with this humorous caricature... But what can investors and traders do now? Here are 3 things to consider...
Politics
S&P Technical Analysis
S&P Futures
Crypto
S&P Futures Technical Analysis
ECB's Rehn: Decision-making at each meeting remains key
ECB's Rehn: Decision-making at each meeting remains key
European Central Bank (ECB) policymaker Olli Rehn commented on the monetary policy outlook during his speech on Friday.
ECB
EURUSD
CentralBanks
InterestRate
ECB's Holzmann: I dissented in this week's rate decision
ECB's Holzmann: I dissented in this week's rate decision
European Central Bank (ECB) policymaker Robert Holzmann said on Friday,  “I dissented in this week's rate decision.”
InterestRate
EURUSD
ECB
CentralBanks
US Dollar Index (DXY) nudges up to 99.00 with markets bracing for the US NFP
US Dollar Index (DXY) nudges up to 99.00 with markets bracing for the US NFP
The US Dollar Index (DXY) is showing a moderately positive tone on Friday, with investors trimming US Dollar lows ahead of May’s US Nonfarm Payrolls release.
DollarIndex
Currencies
NFP
Eurozone Q1 final GDP +0.6% vs +0.4% q/q second estimate
Eurozone Q1 final GDP +0.6% vs +0.4% q/q second estimate
Latest data released by Eurostat - 6 June 2025
Eurozone April retail sales +0.1% vs +0.1% m/m expected
Eurozone April retail sales +0.1% vs +0.1% m/m expected
Latest data released by Eurostat - 6 June 2025
Pound Sterling retraces against US Dollar with US NFP under spotlight
Pound Sterling retraces against US Dollar with US NFP under spotlight
The Pound Sterling (GBP) retraces to near 1.3535 against the US Dollar during the European trading session on Friday, falling from a fresh three-year high of 1.3620 posted the previous day.
GBPUSD
Fed
BOE
NFP
SEO
WTI wobbles around $62.20 with US NFP on the horizon
WTI wobbles around $62.20 with US NFP on the horizon
West Texas Intermediate (WTI), futures on NYMEX, trades sideways around $62.20 during European trading hours on Friday. The Oil price consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Oil
WTI
UnitedStates
China
NFP
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD is drifting lower on Friday, trading at 1.1420 area at the moment of writing, down from the six-week highs, near 1.1500, hit on the previous day.
EURUSD
ECB
Currencies
Fundamental Analysis
ECB's Stournaras: The rate cutting is nearly done
ECB's Stournaras: The rate cutting is nearly done
European Central Bank (ECB) policymaker Yannis Stournaras said on Friday, “the rate cutting is nearly done.”
ECB
CentralBanks
InterestRate
EURUSD
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY extends its gains for the second successive session, trading around 93.60 during early European hours on Friday. A technical analysis of the daily chart shows that the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
AUDJPY
Technical Analysis
Crosses
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
The USD/CAD pair extends its sideways consolidative price move for the second straight day on Friday and trades around the 1.3665 region during the early European session. Spot prices remain close to the year-to-date low touched on Thursday and seem vulnerable to sliding further.
USDCAD
NFP
Employment
Technical Analysis
Currencies
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Here is what you need to know on Friday, June 6:
Currencies
Majors
Macroeconomics
Commodities
NFP