⚠️ 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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Zcash Wave Analysis – 6 May 2026

- Zcash broke resistance level 540.00

- Likely to rise to resistance level 650.00

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Platinum Wave Analysis – 6 May 2026

- Platinum reversed from support zone

- Likely to rise to resistance level 2140.00

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⚠️ Canada — BOC Governor Tiff Macklem Speaks at 20:15 GMT

🗓 Economic Calendar at 2026/05/07 (GMT)

08:30 🇬🇧 Construction PMI — Exp: 45.8 Actual: 39.7

12:30 🇺🇸 Unemployment Claims — Exp: 205K Actual: 200K


[Updated in real time]

Bitcoin has stalled just short of the 200-day MA

The crypto market capitalisation has remained around $2.69 trillion, as the largest coins by market cap consolidate following their recent gains, while smaller altcoins have accelerated their growth. The top performers over the last 24 hours were Toncoin (+29%), NEAR (+10.7%) and Internet Computer (+9.6%). The worst performers were recent stars such as Zcash (-5%), Doge (-3.8%) and Bitcoin Cash (-2.9%).

Bitcoin rose to $82.8K on Wednesday, approaching but not breaking through the 200-day moving average (currently at $83.2K). From its local highs, the leading cryptocurrency retreated to $81.3K at the time of writing, pausing its upward momentum. This pause also coincided with the RSI touching the overbought territory (>70) on daily timeframes. It is worrying that the previous three touches of these levels (in August, October and January) were followed by sharp selloffs. It is quite logical that market participants are taking a breather to assess the situation and gather strength. Thus, the current pause is not a sign of buyer exhaustion.

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Gold on the rise

The precious metal has benefited from rumours of a de-escalation of the conflict in the Middle East.

The US and Japan may agree on coordinated currency interventions.

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🇺🇸 US Pre-Market: Moderately Positive 📈

The US stock market is showing a moderately positive trend in pre-market trading, with leading companies in the technology and select cyclical sectors trading higher, setting the overall market tone.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.11%, while Visa (V) is up 0.17%.

In the Information Technology sector, Microsoft (MSFT) is up 1.28%, while Alphabet (GOOGL) is up 1.09%.

In the Energy sector, Exxon Mobil (XOM) is down 1.67%, while Chevron (CVX) is down 1.65%.

The prevailing gains among major technology companies point to heightened risk appetite within the US. Capital flows are shifting in favour of equities, while interest in safe-haven dollar assets and Treasuries remains subdued. In this scenario, the dollar typically shows neutral or moderately soft dynamics against a basket of currencies, with no clear momentum for appreciation unless external factors create additional safe-haven demand.

Markets continue to hit new highs, thanks to AI

The S&P 500 continues to hit record highs thanks to upbeat corporate earnings, attractive valuations, the US economy’s strength, confidence in the de-escalation of the Middle East, and fiscal stimulus.

Thanks to Donald Trump’s One Big Beautiful Bill Act, Americans will pay $63 billion less in taxes in 2026 than in 2025, while the total amount of tax deductions will increase by $47 billion. This creates a kind of safety net for both the economy and the stock indices.

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🗓 Economic Calendar at 2026/05/08 (GMT)

07:00 🇪🇺 ECB President Christine Lagarde Speaks

12:20 🇬🇧 BOE Governor Andrew Bailey Speaks

12:30 🇺🇸 ⚡️ Non-Farm Employment Change — Exp: 65K Actual: 115K

12:30 🇺🇸 ⚡️ Unemployment Rate — Exp: 4.3% Actual: 4.3%

12:30 🇺🇸 Average Hourly Earnings — Exp: 0.3% | 3.8% Actual: 0.2% | 3.6%

12:30 🇺🇸 Change in Private Payrolls — Exp: 75K Actual: 123K

12:30 🇨🇦 ⚡️ Employment Change — Exp: 12.9K Actual: -17.7K

12:30 🇨🇦 ⚡️ Unemployment Rate — Exp: 6.7% Actual: 6.9%

12:30 🇨🇦 Part-Time Employment Change Actual: -46.7K | 29.0K

14:00 🇺🇸 UoM Consumer Sentiment — Exp: 49.7 Actual: 48.2

16:00 🇺🇸 President Donald Trump Speaks


[Updated in real time]

USDJPY Wave Analysis – 7 May 2026

- USDJPY reversed from support zone

- Likely to rise to resistance level 160.00

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Ethereum Wave Analysis – 7 May 2026

- Ethereum reversed from pivotal resistance level 2400.00

- Likely to fall to support level 2200.00.

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