⚠️ Canada — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.2% | 1.0%

🕒 Exp: 0.1% | 0.9%

🎯 Fact.: -0.1 📉 | 0.4% 📉

The dollar rose only to fall

The USD index continues to react to news from the Middle East.

Divergence in monetary policy is working in favour of the EURUSD.

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Sony Wave Analysis – 29 May 2026

- Sony reversed from resistance level 23.00

- Likely to fall to support level 21.00

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AUDUSD Wave Analysis – 29 May 2026

- AUDUSD reversed from support area

- Likely to rise to resistance level 0.7265

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🇺🇸 US Pre-Market: Mostly Negative 📉

Mixed-to-negative trends are prevailing in the US stock market pre-market.

In the Information Technology sector, NVIDIA (NVDA) is up 0.29%, while Advanced Micro Devices (AMD) is up 0.35%, and Oracle (ORCL) is up 3.66%.

In the Communication Services sector, Alphabet (GOOGL) is down 1.28%.

In the Consumer Discretionary sector, Amazon (AMZN) is down 1.08%, while in the Consumer Staples sector, Walmart (WMT) is down 1.01%.

The predominance of declines among major US names reflects moderate risk-off sentiment. In this scenario, demand for the dollar as a safe-haven asset may receive local support through reallocation into Treasuries and more conservative dollar-denominated instruments.

Again, technical factors are saving gold from the drop

Gold fell below $4,400, reaching levels last seen during the prolonged March decline. At its intraday low, the price dipped below the 200-day moving average. Buyers have repeatedly stepped in around this level over the past three years. The last week of May was no exception. Beyond purely technical factors, the precious metal was supported by positive signals from the US-Iran front and an encouraging equity market rally, which boosted risk appetite.

The key difference between the current rally from $4,400 to levels above $4,500 and the one in March is that gold no longer appears heavily oversold, and market conditions appear much more balanced. A break below this level could open the way to the $4,000–$4,100 range. However, if selling pressure intensifies, the decline could prove much deeper, down to $3,400.

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🗓 Economic Calendar at 2026/05/31 (GMT)

01:30 🇨🇳 Manufacturing PMI — Exp: 50.2 Actual: 50.0

01:30 🇨🇳 Non-Manufacturing PMI — Exp: 49.5 Actual: 50.1


[Updated in real time]

🗓 Economic Calendar at 2026/06/01 (GMT)

00:30 🇺🇸 FOMC Member Jerome Powell Speaks

01:45 🇨🇳 Markit Manufacturing PMI — Exp: 51.4 Actual: 51.8

07:00 🇨🇭 Gross Domestic Product — Exp: 0.5% | 0.4% Actual: 0.7% | 0.5%

08:00 🇪🇺 Manufacturing PMI — Exp: 51.4 Actual: 51.6

13:30 🇨🇦 S&P Global Manufacturing PMI Actual: 52.9

14:00 🇺🇸 ⚡️ ISM Manufacturing PMI — Exp: 53.3 Actual: 54.0


[Updated in real time]

The yen braces for a new storm

USDJPY has returned to the area of previous interventions.

The ECB is moving towards a rate hike in June.

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🇺🇸 US Pre-Market: Mixed 📊

Trading in the US stock market pre-market is mixed, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is up 2.33%, Intel (INTC) is down 5.96%, while Microsoft (MSFT) is up 3.90%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.74%.

In the Energy sector, Exxon Mobil (XOM) is up 1.00%, while Chevron (CVX) is up 0.43%.

In the currency market, this pattern points to a cautious risk-on mode: demand is concentrated in the largest technology and select commodity names, supporting interest in US assets as a whole while reducing the need for the dollar as a purely defensive instrument. As a result, the short-term dollar trend, all else equal, appears largely neutral.

⚠️ USA — ISM Manufacturing PMI at 03:00 GMT

✔️ Prev: 52.7

🕒 Exp: 53.3

🎯 Fact.: 54.0 📈

🗓 Economic Calendar at 2026/06/02 (GMT)

09:00 🇪🇺 Consumer Price Index — Exp: 3.2% Actual: 3.2%

09:00 🇪🇺 Consumer Price Index - Core — Exp: 2.4% Actual: 2.5%

14:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

14:00 🇺🇸 ⚡️ JOLTs Job Openings — Exp: 6860K Actual: 7620K


[Updated in real time]

Adobe Wave Analysis – 1 June 2026

- Adobe broke resistance area

- Likely to rise to resistance level 285.00

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CHFJPY Wave Analysis – 1 June 2026

- CHFJPY reversed from resistance area

- Likely to fall to support level 202.00

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The dollar is back in the game

Rumours of a breakdown in negotiations have reignited investor interest in the US dollar.

The risk of further currency interventions is mounting along with USDJPY.

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A powerful tailwind is pushing the S&P 500 towards new highs

April and May marked the index's best two-month run since 2020, with nine consecutive weeks of gains, its longest winning streak since 2023. And here's some historical context: since 1950, a rally of 16% or more has occurred only 4 times. Each time it did, the S&P went on to rise an average of 17% through the rest of the year.

So, what's driving this momentum? Strong historical patterns, resilience in the face of Middle East tensions, surging demand for chipmaker stocks, and impressive earnings. Goldman Sachs reports that hedge funds are snapping up US shares at the fastest pace in six months. And according to FactSet, corporate earnings jumped nearly 29% year over year in the first quarter, which, if it holds, would mark the best earnings season since 2021.

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Bitcoin Wave Analysis – 2 June 2026

- Bitcoin broke support area

- Likely to fall to support level 65000.00

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EURNZD Wave Analysis – 2 June 2026

- EURNZD reversed from support area

- Likely to rise to resistance level 1.9700

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