🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with declines outnumbering gains among the largest companies by market cap, indicating a cautious investor mood and a flight from risk within the US.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.50%, while JPMorgan Chase (JPM) is down 0.31%.

In the Information Technology sector, NVIDIA (NVDA) is up 0.33%, while Advanced Micro Devices (AMD) is down 0.50% and Microsoft (MSFT) is down 0.29%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.08%.

With selling dominating in major highly liquid stocks, market sentiment is shifting toward risk-off: investors are increasing demand for safe-haven dollar assets, including Treasuries. This creates potential for moderate dollar strengthening and is dampening interest in riskier currencies.

🗓 Economic Calendar at 2026/05/05 (GMT)

04:30 🇦🇺 ⚡️ RBA Interest Rate Decision — Exp: 4.35% Actual: 4.35%

04:30 🇦🇺 ⚡️ RBA Rate Statement

04:30 🇦🇺 ⚡️ RBA Monetary Policy Statement

05:30 🇦🇺 ⚡️ RBA Media Conference

06:30 🇨🇭 Consumer Price Index — Exp: 0.3% Actual: 0.3% | 0.6%

12:30 🇺🇸 Trade Balance — Exp: -61.0B Actual: -60.3B

12:30 🇨🇦 Trade Balance — Exp: -2.4B Actual: -1.8B

12:30 🇪🇺 ECB President Christine Lagarde Speaks

13:45 🇺🇸 Services PMI — Exp: 51.3 Actual: 51.0

13:45 🇺🇸 PMI Composite — Exp: 52.0 Actual: 51.7

14:00 🇺🇸 ⚡️ ISM Services PMI — Exp: 53.7 Actual: 53.6

14:00 🇺🇸 ⚡️ JOLTs Job Openings — Exp: 6860K Actual: 6870K

14:00 🇺🇸 New Home Sales — Exp: 652K Actual: 682K | 7.4%

21:00 🇳🇿 RBNZ Financial Stability Report

22:45 🇳🇿 ⚡️ Employment Change — Exp: 0.2%

22:45 🇳🇿 ⚡️ Unemployment Rate — Exp: 5.4%


[Updated in real time]

⚠️ Australia — RBA Interest Rate Decision at 03:00 GMT

✔️ Prev: 4.10%

🕒 Exp: 4.35%

🎯 Fact.: 4.35%

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⚠️ Australia — RBA Media Conference at 05:30 GMT

▶️ Silver. Heading down to $68?

Today is May 5th and this is a special silver market review for FX Pro.

Today we'll look at what's happening in the silver market.

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Bitcoin has begun hunting down short sellers

The crypto market capitalisation has continued to hit new highs since early February, reaching $2.67 trillion. This time, the movement was not uniform, consisting of individual surges led by Toncoin (+29%), followed by Algorand (+4.5%) and Basic Attention (+4%). The underperformers include Dash (-5.5%), Aptos (-2.1%) and VeChain (-1.6%).

The sentiment index has reached 50, the midpoint of the indicator’s range, where it last stood on 17 January. The market is approaching a significant turning point. Since last October, there have been only brief surges in sentiment to higher levels, but these have provided excellent opportunities for bears to sell at higher prices.

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Politics is weighing on the pound

Labour risks losing the local elections, which could pressure GBPUSD.

Japan may be able to afford further currency intervention.

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🇺🇸 US Pre-Market: Moderately Positive 📈

The US stock market is showing a moderately positive trend in pre-market trading, with major technology and consumer companies mostly trading in positive territory, setting a cautious risk-on tone.

In the Information Technology sector, NVIDIA (NVDA) is up 0.40%, Intel (INTC) is up 4.10%, while Microsoft (MSFT) is up 0.58%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.37%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 0.81%, while in the Energy sector, Exxon Mobil (XOM) is down 0.22%.

The prevalence of gains among the most highly capitalised stocks points to heightened risk appetite within the US and continued demand for US assets. In this environment, the dollar is not receiving significant support as a safe-haven currency; performance is likely to remain neutral with limited fluctuations until new signals emerge on Fed monetary policy or cross-border capital flows.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 54.0

🕒 Exp: 53.7

🎯 Fact.: 53.6 📉

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⚠️ USA — JOLTs Job Openings at 03:00 GMT

✔️ Prev: 6920K

🕒 Exp: 6860K

🎯 Fact.: 6870K 📈

▶️ Pro News Flash: Why Bitcoin Could Surge Next

₿ Bitcoin is emerging as a key beneficiary of rising geopolitical tensions in the Middle East. As conflict intensifies, investors are rotating capital away from traditional assets like gold and equities, reinforcing Bitcoin’s growing role as a safe-haven alternative.

📈 The recent rally was fueled by strong inflows into Bitcoin ETFs and a decisive break above the critical $80,000 level. At the same time, Coinbase announced new banking partnerships to support stable coins, adding further momentum to the market.

⚖️ Bitcoin now sits in a unique “win-win” scenario. An escalation in geopolitical tensions could drive further demand as investors seek safety, while de-escalation may boost global risk appetite and equities, indirectly supporting crypto markets as well.

🏦 However, macro conditions remain a limiting factor. Unlike the 2025 rally when Bitcoin exceeded $125,000 amid aggressive rate cuts, current monetary policy remains tight. John Williams has indicated that easing may come eventually, but inflation pressures persist and markets still price in a chance of further tightening.

📊 While upside potential remains, a return to all-time highs may require stronger confirmation. Holding above the $80,000 level and attracting sustained demand will be critical for the next leg higher.

💡 With both geopolitical and macro forces in play, Bitcoin is entering a phase where volatility and opportunity go hand in hand. This is a market setup worth watching closely right now.

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🗓 Economic Calendar at 2026/05/06 (GMT)

01:00 🇳🇿 RBNZ Governor Anna Breman Speaks

01:45 🇨🇳 Markit Services PMI — Exp: 52.0 Actual: 52.6

01:45 🇨🇳 Markit Composite PMI Actual: 52.1

08:00 🇪🇺 Services PMI — Exp: 47.4 Actual: 47.6

08:00 🇪🇺 PMI Composite — Exp: 48.6 Actual: 48.8

12:15 🇺🇸 ⚡️ ADP Non-Farm Employment Change — Exp: 118K Actual: 109K

14:00 🇨🇦 Ivey PMI — Exp: 49.9 Actual: 57.7 | 61.5

14:30 🇺🇸 Crude Oil Inventories — Exp: -3400K Actual: -2314K

20:15 🇨🇦 ⚡️ BOC Governor Tiff Macklem Speaks


[Updated in real time]

⚠️ New Zealand — Employment Change at 03:00 GMT

✔️ Prev: 0.5% | 0.2%

🕒 Exp: 0.3% | 0.5%

🎯 Fact.: 0.2% 📉 | 0.4% 📉

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⚠️ New Zealand — Unemployment Rate at 03:00 GMT

✔️ Prev: 5.4%

🕒 Exp: 5.4%

🎯 Fact.: 5.3% 📈

Altcoins are surging amid a steady rise in BTC price

The crypto market capitalisation has risen by 0.75% over the past 24 hours, reaching $2.69 trillion. The top three performers are Zcash (+29%), Toncoin (+23%) and Filecoin (+16%). The underperformers are Ethereum (−0.4%), Algorand (−0.5%) and Basic Attention Token (−4.6%).

Bitcoin is approaching $81.5K, continuing its movement within an upward channel and hitting new highs since February. This positive momentum can easily be linked to the continued rise in stock indices, which is boosting risk appetite and bringing a more significant technical battle into view. The leading cryptocurrency is approaching its 200-day moving average (currently at $83.3K); a firm consolidation above this level would be a further sign of bullish dominance. We saw the first such sign – consolidation above the 50-day moving average – exactly one month ago. It is quite likely that, as Bitcoin approaches $83K, a short-term profit-taking phase awaits, allowing some of the gains to be taken.

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Geopolitics has caused the dollar to retreat

The end of Operation Epic Fury is boosting risk appetite.

Japan is likely to continue punishing speculators.

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⚠️ USA — ADP Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 61K

🕒 Exp: 118K

🎯 Fact.: 109K 📉

Brent is heading towards de-escalation

The markets are betting on a swift resolution to the US-Iran conflict.

The fall in Brent and WTI prices is likely to be sharp but short-lived.

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🇺🇸 US Pre-Market: Moderately Positive 📈

The US stock market is showing a moderately positive trend in pre-market trading, with the major tech giants trading higher on average, putting the market in risk-on mode.

In the Information Technology sector, NVIDIA (NVDA) is up 1.87%, Broadcom (AVGO) is up 1.79%, while Microsoft (MSFT) is down 0.35%.

In the Communication Services sector, Alphabet (GOOGL) is up 1.82%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.90%, while Bank of America (BAC) is up 0.94%.

In the foreign exchange market, the current pattern of capital flows points to a risk-on environment: sustained demand for growth leaders is limiting interest in the dollar as a safe-haven asset. In the near term, this creates a neutral to slightly subdued backdrop for USD strength, shifting investor focus toward US equities and the corporate sector rather than Treasuries and the safe-haven dollar.

Toncoin Wave Analysis – 6 May 2026

- Toncoin broke resistance zone

- Likely to rise to resistance level 2.8000

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S&P 500 Wave Analysis – 6 May 2026

S&P 500: ⬆️ Buy

- S&P 500 reversed from support level 7200.00

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