XAUUSD, 15-minute timeframe chart
👉General outlook
XAUUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,288.00.
Set your stop loss at 3,310.00 above the previous high ($22.00 loss for 0.01 lot) and take profit at 3,260.00 ($28.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.27.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
@octa_analytics
👉General outlook
XAUUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,288.00.
Set your stop loss at 3,310.00 above the previous high ($22.00 loss for 0.01 lot) and take profit at 3,260.00 ($28.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.27.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
@octa_analytics
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XAUUSD, 15-minute timeframe chart
👉General outlook
XAUUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,323.50.
Set your stop loss at 3,338.50 above the previous high ($18.00 loss for 0.01 lot) and take profit at 3,305.50 ($18.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
@octa_analytics
👉General outlook
XAUUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,323.50.
Set your stop loss at 3,338.50 above the previous high ($18.00 loss for 0.01 lot) and take profit at 3,305.50 ($18.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
@octa_analytics
#weekly_outlook
🔎 Keeping up-to-date with the market helps you make better trading decisions
Here’s a Weekly Market Outlook for 2 – 6 June from Vito Henjoto.
Stay informed and trade wisely.
🔎 Keeping up-to-date with the market helps you make better trading decisions
Here’s a Weekly Market Outlook for 2 – 6 June from Vito Henjoto.
Stay informed and trade wisely.
YouTube
[ENGLISH] Market Analysis: 2 – 6 June | Octa Weekly
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#webinars_schedule #education
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📱 You can now watch our educational webinars in the Octa Trading App on your Android smartphone. Install the latest version, tap Webinars in the menu, and enjoy fast and easy access to all upcoming and past videos.
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🇬🇧 5/06, 6 p.m. WAT – ENGLISH – Live trading session with Ambrose Ebuka
🇲🇾 5/06, 9 p.m. MYT – MALAY – Live trading session with Cikgu Danie
🇬🇧 6/06, 12 p.m. UTC – ENGLISH – Webinar 'News trading. Theory and practice' with Vito Henjoto
The Japanese yen (JPY) advanced towards approximately 143.500 on Monday, marking its third consecutive session of gains.
👉 Possible effects for traders
The rally in the Japanese yen was driven largely by renewed concerns over protectionist policies after former U.S. President Donald Trump threatened to double tariffs on steel and aluminium imports towards 50%, effective 4 June. These developments reignited fears of a broader trade conflict, prompting investors to reduce positions in riskier assets and seek stability in traditional safe havens like the yen.
The tariff announcement had immediate sectoral implications, putting pressure on Japanese steelmakers. JFE Holdings and Kobe Steel saw increased investor caution due to their potential exposure to the U.S. market and rising input costs. However, Nippon Steel remained relatively resilient, buoyed by Trump's favourable comments on its proposed merger with U.S. Steel—an endorsement that provided some insulation from the broader industry headwinds. Meanwhile, escalating U.S.–China tensions added to global uncertainty, with Beijing firmly rejecting Trump's claim that it had violated a recent trade agreement signed in Geneva.
USDJPY fell during Asian and early European trading hours. Today, market participants will closely monitor the U.S. ISM Manufacturing Purchasing Managers' Index report at 2:00 p.m. UTC. A higher-than-expected reading may push USDJPY higher, while softer data will put additional bearish pressure on the pair.
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Today, the euro (EUR) has risen by 0.29% as escalating trade tensions have weighed on investor confidence.
👉 Possible effects for traders
The euro's rise followed former U.S. President Donald Trump's announcement that tariffs on steel and aluminium imports would be doubled towards 50% starting June 4. The announcement renewed fears of a protracted trade conflict. Meanwhile, Beijing has strongly rejected Trump's accusations that China violated a trade agreement struck last month in Geneva. The conflict cast doubt on the immediate prospects for diplomatic engagement between the two largest economies.
Despite the renewed tension, National Economic Council Director Kevin Hassett suggested that a meeting between Trump and Chinese President Xi Jinping could still occur this week, leaving the door open for dialogue. Meanwhile, markets are focusing on several key U.S. economic indicators, with particular focus on Friday’s nonfarm payrolls report. The report could provide critical insights into the economic implications of changing trade dynamics. The data will also help determine whether the recent pressure on the U.S. dollar is transitory or marks the beginning of a broader reassessment of U.S. economic risks.
Today, traders should closely monitor developments surrounding U.S. trade tariffs and the peace negotiations between Russia and Ukraine. The U.S. will release several economic reports that may increase volatility. ISM Manufacturing Purchasing Managers' Index (PMI) will come out at 2:00 p.m. UTC and may affect the euro. Key levels to watch are resistance at 1.13500 and support at 1.11400.
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The gold price (XAU) fell by 0.86% on Friday as resilient U.S. economic data weakened the appeal of safe-haven assets, even as geopolitical and trade tensions escalated.
👉 Possible effects for traders
Markets reacted strongly after former U.S. President Donald Trump announced a planned increase in tariffs on steel and aluminium imports from 25% towards 50% starting 4 June. The move reignites concerns over a global trade war, particularly as legal challenges to Trump's previous tariff actions continue to unfold. An appeals court recently allowed the lawsuit to proceed, overruling an earlier decision by the Court of International Trade to pause the tariffs. This has added legal uncertainty to the economic situation.
Adding to the market volatility, Trump accused China of breaching a tariff ceasefire brokered in early May. Beijing denied the accusation, alleging reciprocal U.S. violations. Meanwhile, geopolitical risks surged after a Ukrainian drone strike reportedly destroyed over 40 Russian military aircraft, prompting a retaliatory missile and drone barrage. The escalation occurred just ahead of scheduled peace negotiations in Istanbul, heightening further uncertainty in markets grappling with rising protectionism and legal ambiguity surrounding U.S. trade policy.
XAUUSD rose above $3,320 during Asian and early European trading sessions as Trump's new tariff threat spurred demand for safe-haven assets. Today, investors should await comments from Federal Reserve Chair Jerome Powell at 5:00 p.m. UTC for more clues on the U.S. interest rate path.
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📈 What moved the markets last week?
Our latest snapshot highlights the standout performances and key drivers behind the action:
🚀 Top Performers
🔹 USDJPY (U.S. dollar vs Japanese yen) — The pair rallied as the yen weakened after the BoJ held rates steady and lowered growth forecasts, while the dollar gained on renewed trade deal optimism.
🔹USDMXN (U.S. dollar vs Mexican peso) — The peso climbed as risk sentiment improved following Trump’s decision to delay EU tariffs, though volatility spiked midweek.
🔹USDCHF (U.S. dollar vs Swiss franc) — The franc dipped as safe-haven demand eased, but choppy price action reflected lingering market uncertainty.
🔴 Biggest Laggards
🔹 XAUUSD (Gold) — Gold underperformed as fading safe-haven demand and a stronger dollar pressured prices, despite late-week tariff threats from Trump.
🔹 EURUSD (Euro) — The euro edged lower amid a mixed dollar performance and shifting risk appetite.
🔹 AUDUSD (Australian dollar)— The Aussie struggled despite broader optimism, weighed down by commodity price fluctuations.
💡Key Takeaways
- USDJPY topped the leaderboard, while gold (XAU) trailed as trade hopes and BoJ policy shifts dominated.
- The dollar’s rally was uneven: It gained against safe havens (JPY, CHF) but faced pressure from EM currencies (MXN) and tariff-related volatility.
- Markets whipsawed on trade headlines: A court ruling against Trump’s tariffs briefly boosted sentiment, but an appeals court reversal reignited confusion—highlighting the fragile balance between risk-on and risk-off flows.
Follow @octa_analytics for more trading content
Our latest snapshot highlights the standout performances and key drivers behind the action:
🚀 Top Performers
🔹 USDJPY (U.S. dollar vs Japanese yen) — The pair rallied as the yen weakened after the BoJ held rates steady and lowered growth forecasts, while the dollar gained on renewed trade deal optimism.
🔹USDMXN (U.S. dollar vs Mexican peso) — The peso climbed as risk sentiment improved following Trump’s decision to delay EU tariffs, though volatility spiked midweek.
🔹USDCHF (U.S. dollar vs Swiss franc) — The franc dipped as safe-haven demand eased, but choppy price action reflected lingering market uncertainty.
🔴 Biggest Laggards
🔹 XAUUSD (Gold) — Gold underperformed as fading safe-haven demand and a stronger dollar pressured prices, despite late-week tariff threats from Trump.
🔹 EURUSD (Euro) — The euro edged lower amid a mixed dollar performance and shifting risk appetite.
🔹 AUDUSD (Australian dollar)— The Aussie struggled despite broader optimism, weighed down by commodity price fluctuations.
💡Key Takeaways
- USDJPY topped the leaderboard, while gold (XAU) trailed as trade hopes and BoJ policy shifts dominated.
- The dollar’s rally was uneven: It gained against safe havens (JPY, CHF) but faced pressure from EM currencies (MXN) and tariff-related volatility.
- Markets whipsawed on trade headlines: A court ruling against Trump’s tariffs briefly boosted sentiment, but an appeals court reversal reignited confusion—highlighting the fragile balance between risk-on and risk-off flows.
Follow @octa_analytics for more trading content
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#economic_calendar
These events will affect the market on 3 June.
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These events will affect the market on 3 June.
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📊 GBP rises as tariff worries resurface
The British pound (GBP) rose 0.66% against the U.S. dollar (USD) on Monday, driven by rising U.S.–China trade tensions and new metal tariff announcements.
👉 Possible effects for traders
U.S. President Donald Trump revealed plans to raise tariffs on steel and aluminium imports from 25% towards 50%. The announcement drew a swift backlash from Beijing, which vowed to retaliate with countermeasures. These developments increased investor concerns over global trade disruptions, boosting demand for safe-haven assets. It also put downward pressure on risk assets across sectors exposed to global manufacturing and commodities.
Meanwhile, growing optimism over the U.K. economy supported the British pound. The International Monetary Fund (IMF) revised its 2025 gross domestic product growth forecast from 1.1% towards 1.2%, citing strong consumer demand and resilient investment. However, the IMF urged Chancellor Rachel Reeves to uphold fiscal discipline ahead of the 11 June Spending Review. Inflationary pressures persist, with grocery prices climbing 4.1% year-on-year in May—the highest since early 2024—prompting consumers to shift to cheaper alternatives. In response, markets have scaled back expectations for rate cuts, pricing in just 40 basis points of easing from the Bank of England by year-end.
GBPUSD rose during the Asian session but fell during the early European trading session. U.S. JOLTS Job Openings data, due at 2:00 p.m. UTC today, may influence monetary policy expectations and trigger volatility in GBPUSD. Numbers exceeding the forecast may lower the probability of a rate cut by the Federal Reserve, pushing GBPUSD down towards 1.34500. Lower-than-expected results will confirm a loosening U.S. labour market, lifting GBPUSD above 1.35600.
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The British pound (GBP) rose 0.66% against the U.S. dollar (USD) on Monday, driven by rising U.S.–China trade tensions and new metal tariff announcements.
👉 Possible effects for traders
U.S. President Donald Trump revealed plans to raise tariffs on steel and aluminium imports from 25% towards 50%. The announcement drew a swift backlash from Beijing, which vowed to retaliate with countermeasures. These developments increased investor concerns over global trade disruptions, boosting demand for safe-haven assets. It also put downward pressure on risk assets across sectors exposed to global manufacturing and commodities.
Meanwhile, growing optimism over the U.K. economy supported the British pound. The International Monetary Fund (IMF) revised its 2025 gross domestic product growth forecast from 1.1% towards 1.2%, citing strong consumer demand and resilient investment. However, the IMF urged Chancellor Rachel Reeves to uphold fiscal discipline ahead of the 11 June Spending Review. Inflationary pressures persist, with grocery prices climbing 4.1% year-on-year in May—the highest since early 2024—prompting consumers to shift to cheaper alternatives. In response, markets have scaled back expectations for rate cuts, pricing in just 40 basis points of easing from the Bank of England by year-end.
GBPUSD rose during the Asian session but fell during the early European trading session. U.S. JOLTS Job Openings data, due at 2:00 p.m. UTC today, may influence monetary policy expectations and trigger volatility in GBPUSD. Numbers exceeding the forecast may lower the probability of a rate cut by the Federal Reserve, pushing GBPUSD down towards 1.34500. Lower-than-expected results will confirm a loosening U.S. labour market, lifting GBPUSD above 1.35600.
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📊 EURUSD rallies on escalating trade tensions
The euro (EUR) rose by 0.84% against the U.S. dollar (USD) on Monday.
👉 Possible effects for traders
'The DXY (U.S. Dollar Index) fell faster than we had anticipated in our year-ahead outlook, reaching our year-end target of 101.00 last month. We think that this weakening trend continues, and we now forecast the DXY to fall an additional 9% over the next 12 months to 91.000, with USD weakness most pronounced against its safe-haven peers—EUR, JPY, and CHF', Morgan Stanley analysts said in their mid-year outlook.
On Monday, China's Commerce Ministry dismissed the recent U.S. accusation of a breaking trade truce as groundless. Officials pledged strong but unspecified countermeasures to protect national interests—signalling a firm stance amid escalating tensions. U.S. Treasury Secretary Scott Bessent tried to calm markets on Sunday, stating that a call between President Trump and Chinese President Xi Jinping was likely imminent. He expressed confidence that the dispute 'will be ironed out', offering a potential diplomatic path to de-escalation.
EURUSD fell during Asian and early European trading sessions. Today's market focus is the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. Stronger-than-expected figures could delay the Federal Reserve's rate cuts, pushing EURUSD below 1.13500. Conversely, lower-than-expected results may weaken the U.S. dollar and lift EURUSD above 1.14500.
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The euro (EUR) rose by 0.84% against the U.S. dollar (USD) on Monday.
👉 Possible effects for traders
'The DXY (U.S. Dollar Index) fell faster than we had anticipated in our year-ahead outlook, reaching our year-end target of 101.00 last month. We think that this weakening trend continues, and we now forecast the DXY to fall an additional 9% over the next 12 months to 91.000, with USD weakness most pronounced against its safe-haven peers—EUR, JPY, and CHF', Morgan Stanley analysts said in their mid-year outlook.
On Monday, China's Commerce Ministry dismissed the recent U.S. accusation of a breaking trade truce as groundless. Officials pledged strong but unspecified countermeasures to protect national interests—signalling a firm stance amid escalating tensions. U.S. Treasury Secretary Scott Bessent tried to calm markets on Sunday, stating that a call between President Trump and Chinese President Xi Jinping was likely imminent. He expressed confidence that the dispute 'will be ironed out', offering a potential diplomatic path to de-escalation.
EURUSD fell during Asian and early European trading sessions. Today's market focus is the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. Stronger-than-expected figures could delay the Federal Reserve's rate cuts, pushing EURUSD below 1.13500. Conversely, lower-than-expected results may weaken the U.S. dollar and lift EURUSD above 1.14500.
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🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
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📊 Gold prices start new rally
The gold price (XAU) surged by 2.5% on Monday, climbing above $3,370 and reaching its highest level in over three weeks. The surge was driven by rising demand for safe-haven assets amid growing geopolitical and economic tensions.
👉 Possible effects for traders
Meanwhile, the U.S. dollar (USD) declined by 0.7%, enhancing the metal's appeal for international buyers and adding momentum to the upward move. With markets already on edge, gold's traditional role as a hedge against volatility and currency weakness returned to focus. Strong risk-off sentiment lifted XAUUSD higher, fuelling bullish momentum.
Investor concerns intensified following U.S. President Donald Trump's announcement of a tariff hike on steel and aluminium imports, doubling existing rates towards 50%, starting 4 June. The tariff threat reignited fears of a broader trade war, especially after Trump accused China of violating a recent truce—an allegation Beijing quickly denied. The escalating conflict between the world's two largest economies deepened uncertainty around global trade policy. As a result, investors sought safety, boosting demand for gold as a hedge against rising uncertainty.
XAUUSD fell during Asian and early European trading sessions. Today, the main focus is on the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. The data may affect investors' interest rate expectations and trigger volatility in XAUUSD. Higher-than-expected figures may lower the probability of an interest rate cut by the Federal Reserve, potentially pushing XAUUSD below $3,340. Conversely, weaker data would confirm that the U.S. labour market is loosening, increasing the probability of a rate cut later this year and pushing XAUUSD above $3,400.
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The gold price (XAU) surged by 2.5% on Monday, climbing above $3,370 and reaching its highest level in over three weeks. The surge was driven by rising demand for safe-haven assets amid growing geopolitical and economic tensions.
👉 Possible effects for traders
Meanwhile, the U.S. dollar (USD) declined by 0.7%, enhancing the metal's appeal for international buyers and adding momentum to the upward move. With markets already on edge, gold's traditional role as a hedge against volatility and currency weakness returned to focus. Strong risk-off sentiment lifted XAUUSD higher, fuelling bullish momentum.
Investor concerns intensified following U.S. President Donald Trump's announcement of a tariff hike on steel and aluminium imports, doubling existing rates towards 50%, starting 4 June. The tariff threat reignited fears of a broader trade war, especially after Trump accused China of violating a recent truce—an allegation Beijing quickly denied. The escalating conflict between the world's two largest economies deepened uncertainty around global trade policy. As a result, investors sought safety, boosting demand for gold as a hedge against rising uncertainty.
XAUUSD fell during Asian and early European trading sessions. Today, the main focus is on the U.S. JOLTS Job Openings report at 2:00 p.m. UTC. The data may affect investors' interest rate expectations and trigger volatility in XAUUSD. Higher-than-expected figures may lower the probability of an interest rate cut by the Federal Reserve, potentially pushing XAUUSD below $3,340. Conversely, weaker data would confirm that the U.S. labour market is loosening, increasing the probability of a rate cut later this year and pushing XAUUSD above $3,400.
📲 More trading opportunities in our app
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🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
Follow @octa_analytics for more expert information
XAUUSD, 30-minute timeframe chart
👉General outlook
XAUUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 3,360.00.
Set your stop loss at 3,336.00 below the previous low ($24.00 loss for 0.01 lot) and take profit at 3,384.00 ($24.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
🗒Fundamental factors
The U.S. JOLTS Job Openings report will be released in a few hours and could affect this trade.
@octa_analytics
👉General outlook
XAUUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 3,360.00.
Set your stop loss at 3,336.00 below the previous low ($24.00 loss for 0.01 lot) and take profit at 3,384.00 ($24.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
🗒Fundamental factors
The U.S. JOLTS Job Openings report will be released in a few hours and could affect this trade.
@octa_analytics
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1️⃣ Make sure you have $50 or more in your account.
2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot.
3️⃣ Await verification—usually, it’s completed within one business day.
Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community!
💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!
Unlock premium signals, exclusive offers, and important events to boost your trading success.
To become a member of Octa Analytics VIP, follow these easy steps:
1️⃣ Make sure you have $50 or more in your account.
2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot.
3️⃣ Await verification—usually, it’s completed within one business day.
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#economic_calendar
These events will affect the market on 4 June.
🔥 Don't forget to get a 100% deposit bonus!
These events will affect the market on 4 June.
🔥 Don't forget to get a 100% deposit bonus!