⚠️ Japan — BOJ Governor Kazuo Ueda Speaks at 08:50 GMT

The crypto market is falling, approaching a final sell-off

The crypto market has lost a further 5% over the past 24 hours, currently standing at $2.32T, after slipping to $2.27T at the start of Asian trading. The market has not been this low since late March, and this marks a further development of the downward momentum that began in the middle of last month. Capital interest remains focused on equity markets, but the Nasdaq 100 is hitting new highs, despite the alarming pace of market capitalisation contraction with which it was previously closely correlated. Among the top coins, the day’s top gainers were Zcash (+12%), Internet Computer (+9%) and NEAR Protocol (+8.6%). The biggest fallers were Bitcoin Cash (-11.5%), Aptos (-7%) and IOTA (-6.4%).

The sentiment index plummeted to 11, its lowest level since early April. In line with the bear market pattern, the indicator stalled near 50 at the start of last month, followed by a decline in price momentum and a deterioration in sentiment.

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The Forex market sceptical about a swift deal

Geopolitics continues to support the US dollar.

Japan is ready to resume currency interventions.

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

✔️ Prev: 105K

🕒 Exp: 118K

🎯 Fact.: 122K 📈

🇺🇸 US Pre-Market: Mostly Negative 📉

The US stock market is showing a downward trend in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 1.13%, Intel (INTC) is down 1.25%, while Microsoft (MSFT) is down 2.93%.

In the Communication Services sector, Alphabet (GOOGL) is down 2.91%.

In the Consumer Discretionary sector, Amazon (AMZN) is down 1.41%, while in the Consumer Staples sector, Walmart (WMT) is down 0.62%.

With pressure on the largest companies by market cap and declining share prices prevailing, the market is showing a marked flight from risk within the US. This is supporting short-term demand for safe-haven dollar assets, creating conditions for moderate dollar strengthening.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 53.6

🕒 Exp: 53.8

🎯 Fact.: 54.5 📈

Oil prices are rising amid fears of further escalation

Iran is threatening to block an alternative supply route.

Global stocks are at risk of falling to critical levels.

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Sushiswap Wave Analysis – 3 June 2026

- Sushiswap reversed from key support level 0.1800

- Likely to rise to resistance level 0.256

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NZDCAD Wave Analysis – 3 June 2026

- NZDCAD reversed from resistance area

- Likely to fall to support level 0.8100

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Virgin Galactic Wave Analysis – 3 June 2026

Virgin Galactic: ⬇️ Sell

- Virgin Galactic reversed from long-term resistance level 8.000

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DAX Index Wave Analysis – 3 June 2026

- DAX reversed from multi-month resistance level 25395.00

- Likely to fall to support level 24290.00

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🗓 Economic Calendar at 2026/06/04 (GMT)

05:00 🇦🇺 ⚡️ RBA Governor Michele Bullock Speaks

06:30 🇨🇭 Consumer Price Index — Exp: 0.3% | 0.8% Actual: 0.2% | 0.6%

08:00 🇪🇺 ECB President Christine Lagarde Speaks

08:30 🇬🇧 Construction PMI — Exp: 40.1 Actual: 38.2

12:30 🇺🇸 Unemployment Claims — Exp: 214K Actual: 225K

15:40 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks


[Updated in real time]

⚠️ Australia — RBA Governor Michele Bullock Speaks at 05:00 GMT

The crypto market continues to plummet

The crypto market capitalisation has lost a further 3.5% over the past 24 hours in a sharp sell-off that began this month. During this period, the capitalisation has fallen to $2.22T, and at its lowest point early in the day, it dropped to $2.17T, compared to $2.50T on Sunday. In this environment, market movements are characterised solely by varying degrees of decline: from -0.6% (TRON) and -3% (Hedera) to -15% (NEAR, Toncoin).

Bitcoin briefly fell to $61.3K early on Thursday, returning to the region of its February lows. In this region, the leading cryptocurrency found buyers during dips in February and March. A break below the lows from the start of the year would make the $53–55K range the next potential downside target. Although we do not see a sharp slide downwards, as was the case four months ago, the RSI is at roughly the same levels of extreme oversold conditions.

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The Pound: heading towards 1.31 or 1.37?

Conflicting drivers are preventing GBPUSD from finding a clear direction.

The Bank of England is set to disappoint markets with the scale of its monetary tightening.

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🇺🇸 US Pre-Market: Mixed 📊

Mixed trading is being seen in the US stock market pre-market.

In the Information Technology sector, Microsoft (MSFT) is up 1.52%.

In the Communication Services sector, Meta Platforms (META) is down 0.69%.

In the Financials sector, JPMorgan Chase (JPM) is up 1.15%, while Bank of America (BAC) is up 1.24%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 1.25%, while in the Consumer Staples sector, Walmart (WMT) is up 2.06%.

The mixed performance across the largest companies by market cap and key sectors is creating short-term uncertainty for the dollar, keeping it in a neutral range without clear directional momentum.

⚠️ UK — BOE Governor Andrew Bailey Speaks at 15:40 GMT

▶️ Pro News Weekly: The Dollar Won’t Stop Rising

Welcome to Pro News Weekly!

💵 The U.S. dollar continues to strengthen as escalating tensions in the Middle East, resilient economic data and rising expectations of a Federal Reserve rate hike in 2026 boost demand for safe-haven assets. Strong employment and services sector figures suggest the U.S. economy remains capable of withstanding higher interest rates.

📊 Stock indices are losing momentum after one of the strongest rallies in decades. While AI enthusiasm, tax cuts and strong corporate earnings previously fueled gains, investors are becoming increasingly concerned about slowing economic growth, higher inflation and rising Treasury yields.

🪙 Gold is retreating despite reports that central banks are increasing their allocation to the precious metal. A stronger U.S. dollar and rising bond yields continue to weigh on prices, raising questions about whether gold can regain its bullish momentum.

₿ Bitcoin has fallen to its lowest level since February as investors pull money out of cryptocurrencies and rotate into technology stocks. ETF outflows, weakening sentiment and the breakdown of Bitcoin's correlation with major stock indices have intensified fears that the crypto market may be entering a new crypto winter.

Will rising inflation, higher oil prices and escalating geopolitical tensions push the Fed toward tighter policy, or can stocks and cryptocurrencies recover before market sentiment deteriorates further?

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