What are the opening hours?

Monday 7am - 4pm Tuesday 7am - 4pm Wednesday 7am - 4pm Thursday 7am - 4pm Friday 7am - 4pm

https://www.facebook.com/1410906045840432/

Nemesis Trading

Home
United Kingdom
London
Nemesis Trading

BST GMT

05/06/2026

𝗙𝗼𝗿𝘁𝘂𝗻𝗲 𝗳𝗮𝘃𝗼𝘂𝗿𝘀 𝘁𝗵𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗺𝗶𝗻𝗱.

🔵 𝗙𝗢𝗥𝗘𝗫 𝗢𝗨𝗧𝗟𝗢𝗢𝗞 – 𝗙𝗿𝗶𝗱𝗮𝘆 𝟬𝟱 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗘𝘂𝗿𝗼𝗽𝗲/𝗟𝗼𝗻𝗱𝗼𝗻)

𝗜. 𝗠𝗔𝗥𝗞𝗘𝗧 𝗠𝗢𝗢𝗗

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
Markets are expected to open with a cautious tone, with tight price ranges forecast across all major currency pairs. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 is projected to trade steady near 𝟭𝟮,𝟲𝟱𝟴, while 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 is anticipated to consolidate around 𝟱,𝟬𝟰𝟮. 𝗔𝗨𝗗/𝗨𝗦𝗗 is likely to move sideways around 𝟬.𝟳𝟭𝟯𝟬 ahead of key RBA commentary, and 𝗡𝗭𝗗 is forecast to see muted action. 𝗫𝗔𝗨/𝗨𝗦𝗗 is expected to remain capped below 𝟰,𝟰𝟴𝟬, whilst 𝗨𝗦𝗗/𝗝𝗣𝗬 is projected to hold support near 𝟭𝟱𝟵.𝟵𝟬 with no strong early directional bias. Broad risk sentiment is forecast to remain neutral, with no sharp swings expected in commodity or equity-linked assets.

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
Range-bound price action is expected to dominate the early hours, with volatility forecast to rise following European economic data releases and central bank speeches. 𝗘𝗨𝗥 is projected to face softening pressure if retail sales data comes in below estimates, with 𝗘𝗨𝗥/𝗨𝗦𝗗 anticipated to test support near 𝟭.𝟭𝟲𝟮𝟬. 𝗚𝗕𝗣 is likely to trade with a mild downside bias should construction PMI figures print weaker than expected, pushing 𝗚𝗕𝗣/𝗨𝗦𝗗 towards key support at 𝟭.𝟯𝟰𝟮𝟬. 𝗖𝗛𝗙 is forecast to see limited movement unless inflation or unemployment data delivers a surprise deviation from consensus. JPY crosses are expected to retain a firm underlying tone, with 𝗚𝗕𝗣/𝗝𝗣𝗬 and 𝗔𝗨𝗗/𝗝𝗣𝗬 projected to hold above recent support levels. 𝗨𝗞𝟭𝟬𝟬 is anticipated to trade steady, with direction set by broader risk sentiment rather than domestic data.

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
Directional volatility is expected to peak during US trading hours, driven entirely by US labour market data and Federal Reserve commentary. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 is projected to face fresh selling pressure if unemployment claims come in above forecast, with downside anticipated towards 𝟭𝟮,𝟲𝟰𝟬. 𝗫𝗔𝗨/𝗨𝗦𝗗 is forecast to gain upside traction on any signs of USD weakness, with resistance expected at 𝟰,𝟰𝟵𝟬. All major USD pairs are likely to see sharp, reactive moves following data prints, whilst central bank remarks are projected to set the closing trend for the session. Cross-asset correlations are expected to strengthen, with risk-sensitive pairs tracking broader equity and USD moves closely.

[𝗥𝗘𝗦𝗨𝗟𝗧𝗦 / 𝗢𝗨𝗧𝗟𝗢𝗢𝗞:]
• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Expected downside pressure if labour data cools; soft bias favoured
• 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Forecast to retain strength on safe-haven flows and relative yield dynamics
• 𝗫𝗔𝗨/𝗨𝗦𝗗: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Anticipated to rise on broad USD weakness; inverse correlation remains key driver
• 𝗨𝗦𝗗/𝗝𝗣𝗬: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Projected to hold upside momentum; range expansion expected
• 𝗘𝗨𝗥/𝗨𝗦𝗗: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Cautious ECB guidance and soft data set to limit recovery; downside favoured
• 𝗚𝗕𝗣/𝗨𝗦𝗗: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Weak domestic activity outlook to cap gains; mild downside bias
• 𝗔𝗨𝗗/𝗨𝗦𝗗: 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 / Balanced between strong trade fundamentals and USD trends; no clear direction
• 𝗨𝗞𝟭𝟬𝟬: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Expected to remain supported by risk appetite; mild upward bias

𝗞𝗘𝗬 𝗙𝗢𝗖𝗨𝗦:
• US unemployment claims data as the primary market mover
• Central bank speeches from ECB, BOE and Fed officials
• Reaction of USD to any softer-than-expected economic prints
• Correlated moves across JPY crosses and precious metals

𝗜𝗜. 𝗞𝗘𝗬 𝗙𝗨𝗡𝗗𝗔𝗠𝗘𝗡𝗧𝗔𝗟𝗦 – 𝗙𝗿𝗶𝗱𝗮𝘆 𝟬𝟱 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗕𝗦𝗧)

Impact Rating: 🔴 = High Impact • 🟠 = Medium Impact • 🟡 = Low Impact | Actual / Forecast / Previous

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟬:𝟬𝟬 – 𝟬𝟳:𝟬𝟬 𝗕𝗦𝗧

• 𝟬𝟮:𝟬𝟬 🟡 𝗨𝗦𝗗 – Beige Book: Qualitative economic summary / — / — – Expected to reflect steady but cooling conditions
• 𝟬𝟯:𝟬𝟬 🟡 𝗨𝗦𝗗 – FOMC Member Logan Speaks: Policy commentary / — / — – Expected to maintain balanced policy tone
• 𝟬𝟵:𝟬𝟬 🟡 𝗡𝗭𝗗 – ANZ Commodity Prices m/m: — / — / -𝟬.𝟴% – No major market impact expected
• 𝟬𝟵:𝟯𝟬 🟠 𝗔𝗨𝗗 – Goods Trade Balance: — / 𝟭.𝟮𝟯𝗕 / -𝟭.𝟴𝟰𝗕 – Surplus expected to remain supportive for AUD
• 𝟭𝟯:𝟬𝟬 🟡 𝗔𝗨𝗗 – RBA Gov Bullock Speaks: Policy outlook / — / — – Expected to confirm steady interest rate stance

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟳:𝟬𝟬 – 𝟭𝟮:𝟬𝟬 𝗕𝗦𝗧

• 𝟭𝟰:𝟯𝟬 🟠 𝗖𝗛𝗙 – CPI m/m: — / 𝟬.𝟯% / 𝟬.𝟯% – Inflation expected to hold steady, limited CHF impact
• 𝟭𝟱:𝟬𝟬 🟠 𝗖𝗛𝗙 – Unemployment Rate: — / 𝟯.𝟬% / 𝟯.𝟬% – Labour market seen stable, no major reaction forecast
• 𝟭𝟲:𝟬𝟬 🔴 𝗘𝗨𝗥 – ECB President Lagarde Speaks: Policy guidance / — / — – Expected to reinforce cautious, data-dependent stance
• 𝟭𝟲:𝟯𝟬 🟠 𝗚𝗕𝗣 – Construction PMI: — / 𝟰𝟬.𝟰 / 𝟯𝟵.𝟳 – Activity expected to remain in contraction, mild GBP downside likely
• 𝟭𝟳:𝟬𝟬 🟠 𝗘𝗨𝗥 – Retail Sales m/m: — / -𝟬.𝟯% / -𝟬.𝟭% – Consumer spending decline expected, soft EUR pressure forecast
• 🟡 𝗘𝗨𝗥 – French 10‑yr Bond Auction: — / 𝟯.𝟲𝟭% (𝟮.𝟬 cover) / 𝟯.𝟲𝟭% (𝟮.𝟬 cover) – Low impact, yields seen stable

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟭𝟮:𝟬𝟬 – 𝟮𝟮:𝟬𝟬 𝗕𝗦𝗧

• 𝟭𝟳:𝟯𝟬 🟡 𝗨𝗦𝗗 – Challenger Job Cuts y/y: — / — / -𝟮𝟬.𝟵% – Layoff trend seen higher, mild USD negative
• 𝟮𝟬:𝟯𝟬 🔴 𝗨𝗦𝗗 – Unemployment Claims: — / 𝟮𝟭𝟰𝗞 / 𝟮𝟭𝟱𝗞 – Biggest market mover; higher print = strong USD downside
• 𝟮𝟬:𝟯𝟬 🟡 𝗨𝗦𝗗 – Revised Nonfarm Productivity q/q: — / 𝟬.𝟱% / 𝟬.𝟴% – Downward revision expected, limited impact
• 𝟮𝟬:𝟯𝟬 🟡 𝗨𝗦𝗗 – Revised Unit Labor Costs q/q: — / 𝟮.𝟰% / 𝟮.𝟯% – Wage inflation seen softer, reduces rate hike expectations
• 𝟮𝟮:𝟯𝟬 🟡 𝗨𝗦𝗗 – Natural Gas Storage: — / 𝟵𝟵𝗕 / 𝟵𝟮𝗕 – Energy market focus only, no cross-asset impact
• 𝟮𝟯:𝟰𝟬 🟠 𝗚𝗕𝗣 – BOE Gov Bailey Speaks: Policy outlook / — / — – Expected to balance inflation vs growth risks, mixed GBP reaction

𝗜𝗠𝗣𝗔𝗖𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦:
• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: Outlook dominated by labour data; softer prints set to extend bearish bias
• 𝗘𝗨𝗥: Cautious central bank tone + weak data to keep upside capped; range-bound with soft tilt
• 𝗚𝗕𝗣: Weak activity outlook + neutral BOE to limit gains; direction tied to USD moves
• 𝗝𝗣𝗬: Safe-haven demand and yield differentials expected to keep JPY supported across crosses
• 𝗔𝗨𝗗: Strong trade fundamentals to provide floor; moves set by broader USD trends
• 𝗫𝗔𝗨/𝗨𝗦𝗗: Direct upside expected on any USD weakness; soft US data = primary bullish catalyst

𝗜𝗜𝗜. 𝗖𝗢𝗥𝗥𝗘𝗟𝗔𝗧𝗜𝗢𝗡 𝗖𝗛𝗘𝗖𝗞

Bias Rating: 🟢 = Aligned Bullish • 🔴 = Aligned Bearish • 🟡 = Mixed / Sideways

• 𝗨𝗦𝗗/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – USD softness + JPY strength set to maintain upward trend
• 𝗘𝗨𝗥/𝗨𝗦𝗗: 🔴 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 – Weak fundamentals + broad USD pressure to favour downside
• 𝗚𝗕𝗣/𝗨𝗦𝗗: 🔴 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 – Poor data outlook to keep bias tilted lower
• 𝗔𝗨𝗗/𝗨𝗦𝗗: 🟡 𝗠𝗜𝗫𝗘𝗗 / 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 – Strong domestic data vs USD trends create no clear alignment
• 𝗫𝗔𝗨/𝗨𝗦𝗗: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Perfect inverse correlation; all signals point higher
• 𝗘𝗨𝗥/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – JPY strength set to outweigh mild EUR weakness
• 𝗚𝗕𝗣/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – JPY outperformance expected to drive all crosses higher
• 𝗔𝗨𝗗/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Risk sentiment + JPY strength set to sustain upside
• 𝗨𝗞𝟭𝟬𝟬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Risk-on flows set to outweigh soft domestic data

𝗜𝗩. 𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟 𝗕𝗜𝗔𝗦 & 𝗟𝗘𝗩𝗘𝗟𝗦

𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭𝟮,𝟲𝟲𝟬 • 𝟭𝟮,𝟲𝟲𝟱 • 𝟭𝟮,𝟲𝟳𝟬
• Support: 𝟭𝟮,𝟲𝟱𝟲 • 𝟭𝟮,𝟲𝟱𝟬 • 𝟭𝟮,𝟲𝟰𝟬

𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟱,𝟬𝟰𝟱 • 𝟱,𝟬𝟱𝟬 • 𝟱,𝟬𝟲𝟬
• Support: 𝟱,𝟬𝟰𝟬 • 𝟱,𝟬𝟯𝟱 • 𝟱,𝟬𝟮𝟱

𝗫𝗔𝗨/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟰,𝟰𝟴𝟬 • 𝟰,𝟰𝟵𝟬 • 𝟰,𝟱𝟬𝟬
• Support: 𝟰,𝟰𝟳𝟮 • 𝟰,𝟰𝟲𝟬 • 𝟰,𝟰𝟱𝟬

𝗨𝗦𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟲𝟬.𝟬𝟱 • 𝟭𝟲𝟬.𝟭𝟬 • 𝟭𝟲𝟬.𝟮𝟬
• Support: 𝟭𝟲𝟬.𝟬𝟭 • 𝟭𝟱𝟵.𝟵𝟬 • 𝟭𝟱𝟵.𝟳𝟱

𝗘𝗨𝗥/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭.𝟭𝟲𝟯𝟬 • 𝟭.𝟭𝟲𝟰𝟬 • 𝟭.𝟭𝟲𝟱𝟬
• Support: 𝟭.𝟭𝟲𝟮𝟱 • 𝟭.𝟭𝟲𝟮𝟬 • 𝟭.𝟭𝟲𝟭𝟬

𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭.𝟯𝟰𝟰𝟬 • 𝟭.𝟯𝟰𝟱𝟬 • 𝟭.𝟯𝟰𝟲𝟬
• Support: 𝟭.𝟯𝟰𝟯𝟳 • 𝟭.𝟯𝟰𝟮𝟬 • 𝟭.𝟯𝟰𝟭𝟬

𝗔𝗨𝗗/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 / 𝗡𝗘𝗨𝗧𝗥𝗔𝗟
• Resistance: 𝟬.𝟳𝟭𝟰𝟬 • 𝟬.𝟳𝟭𝟱𝟬 • 𝟬.𝟳𝟭𝟲𝟬
• Support: 𝟬.𝟳𝟭𝟯𝟵 • 𝟬.𝟳𝟭𝟮𝟬 • 𝟬.𝟳𝟭𝟬𝟬

𝗘𝗨𝗥/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟴𝟲.𝟬𝟱 • 𝟭𝟴𝟲.𝟭𝟬 • 𝟭𝟴𝟲.𝟮𝟬
• Support: 𝟭𝟴𝟲.𝟬𝟬 • 𝟭𝟴𝟱.𝟵𝟬 • 𝟭𝟴𝟱.𝟴𝟬

𝗚𝗕𝗣/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟮𝟭𝟱.𝟬𝟱 • 𝟮𝟭𝟱.𝟭𝟬 • 𝟮𝟭𝟱.𝟮𝟬
• Support: 𝟮𝟭𝟱.𝟬𝟭 • 𝟮𝟭𝟰.𝟵𝟬 • 𝟮𝟭𝟰.𝟴𝟬

𝗔𝗨𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟭𝟰.𝟮𝟱 • 𝟭𝟭𝟰.𝟯𝟬 • 𝟭𝟭𝟰.𝟰𝟬
• Support: 𝟭𝟭𝟰.𝟮𝟯 • 𝟭𝟭𝟰.𝟭𝟬 • 𝟭𝟭𝟰.𝟬𝟬

𝗨𝗞𝟭𝟬𝟬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟬,𝟯𝟱𝟬 • 𝟭𝟬,𝟯𝟲𝟬 • 𝟭𝟬,𝟯𝟳𝟬
• Support: 𝟭𝟬,𝟯𝟰𝟵 • 𝟭𝟬,𝟯𝟰𝟬 • 𝟭𝟬,𝟯𝟯𝟬

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained in this report should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is not indicative of future results.

04/06/2026

𝗙𝗼𝗿𝘁𝘂𝗻𝗲 𝗳𝗮𝘃𝗼𝘂𝗿𝘀 𝘁𝗵𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗺𝗶𝗻𝗱.

🔵 𝗙𝗢𝗥𝗘𝗫 𝗥𝗘𝗩𝗜𝗘𝗪 – 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟬𝟰 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗘𝘂𝗿𝗼𝗽𝗲/𝗟𝗼𝗻𝗱𝗼𝗻)

𝗜. 𝗠𝗔𝗥𝗞𝗘𝗧 𝗠𝗢𝗢𝗗

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
The session began with muted price action across majors, as markets digested late FOMC commentary and waited for key regional data. 𝗨𝗦𝗗 began on a steady footing around 𝟭𝟮,𝟲𝟲𝟬, while 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 held near 𝟱,𝟬𝟰𝟱 in tight ranges. Stronger‑than‑expected 𝗔𝗨𝗗 Goods Trade Balance lifted 𝗔𝗨𝗗/𝗨𝗦𝗗 toward 𝟬.𝟳𝟭𝟰𝟬, while 𝗡𝗭𝗗 found mild support from rising commodity prices. 𝗫𝗔𝗨/𝗨𝗦𝗗 traded sideways near 𝟰,𝟰𝟳𝟬, lacking clear directional impetus. Risk sentiment remained neutral, with 𝗨𝗦𝗗/𝗝𝗣𝗬 holding firm above 𝟭𝟱𝟵.𝟳𝟱 and 𝗘𝗨𝗥/𝗝𝗣𝗬 consolidating at 𝟭𝟴𝟲.𝟬𝟬.

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
Volatility picked up sharply through the morning. 𝗨𝗦𝗗 rebounded initially, pushing 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 to session highs at 𝟭𝟮,𝟲𝟲𝟱, before reversing lower on soft US labour signals. 𝗘𝗨𝗥 weakened broadly following worse‑than‑forecast Retail Sales and cautious remarks from ECB President Lagarde, driving 𝗘𝗨𝗥/𝗨𝗦𝗗 down to 𝟭.𝟭𝟲𝟮𝟱𝟰. 𝗚𝗕𝗣 faced headwinds from contracting Construction PMI, sending 𝗚𝗕𝗣/𝗨𝗦𝗗 to 𝟭.𝟯𝟰𝟯𝟳𝟭. 𝗖𝗛𝗙 softened on higher unemployment and below‑target inflation, while 𝗝𝗣𝗬 strengthened across the board: 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 fell to 𝟱,𝟬𝟰𝟬, 𝗨𝗦𝗗/𝗝𝗣𝗬 surged to 𝟭𝟲𝟬.𝟬𝟭𝟯, with 𝗚𝗕𝗣/𝗝𝗣𝗬 and 𝗔𝗨𝗗/𝗝𝗣𝗬 climbing to 𝟮𝟭𝟱.𝟬𝟭𝟰 and 𝟭𝟭𝟰.𝟮𝟯𝟳 respectively. 𝗨𝗞𝟭𝟬𝟬 recovered losses to reach 𝟭𝟬,𝟯𝟰𝟵.𝟭𝟯 as equity risk appetite improved.

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡
The US session brought clear downside pressure on the US Dollar. Higher‑than‑expected Jobless Claims and downward revisions to productivity/labour costs confirmed cooling labour conditions, pushing 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 to session lows of 𝟭𝟮,𝟲𝟱𝟲. 𝗫𝗔𝗨/𝗨𝗦𝗗 spiked higher then corrected, settling at 𝟰,𝟰𝟳𝟮.𝟴𝟲 amid broad USD weakness. Majors held their post‑Europe ranges: 𝗘𝗨𝗥/𝗨𝗦𝗗 and 𝗚𝗕𝗣/𝗨𝗦𝗗 consolidated near their session lows, while JPY crosses retained strong bullish momentum. Federal Reserve and Treasury commentary offered no fresh hawkish signals, keeping USD soft across the board.

[𝗥𝗘𝗦𝗨𝗟𝗧𝗦 / 𝗢𝗨𝗧𝗟𝗢𝗢𝗞:]
• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Weakening labour data and neutral Fed commentary weigh on upside; downside bias intact near‑term
• 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Broad JPY strength amid risk flows and USD weakness; sustained upside pressure
• 𝗫𝗔𝗨/𝗨𝗦𝗗: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Inverse correlation to USD remains dominant; supported by soft US data
• 𝗨𝗦𝗗/𝗝𝗣𝗬: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Strong breakout above key resistance; momentum favours further gains
• 𝗘𝗨𝗥/𝗨𝗦𝗗: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Soft Eurozone data + cautious ECB cap recovery; downside favoured
• 𝗚𝗕𝗣/𝗨𝗦𝗗: 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 / Weak construction activity limits GBP appeal; range‑bound with bearish tilt
• 𝗔𝗨𝗗/𝗨𝗦𝗗: 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 / Strong trade surplus balanced by broad USD softness; mixed near‑term
• 𝗨𝗞𝟭𝟬𝟬: 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 / Risk‑on sentiment offsets domestic data weakness; upward bias

𝗞𝗘𝗬 𝗙𝗢𝗖𝗨𝗦:
• USD direction driven entirely by US labour and Fed rhetoric
• JPY strength as dominant cross‑market theme
• Lagarde/ECB and Bailey/BOE policy signals guiding EUR & GBP
• Gold price action as key barometer of USD sentiment

𝗜𝗜. 𝗞𝗘𝗬 𝗙𝗨𝗡𝗗𝗔𝗠𝗘𝗡𝗧𝗔𝗟𝗦 – 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟬𝟰 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗕𝗦𝗧)

Impact Rating: 🔴 = High Impact • 🟠 = Medium Impact • 🟡 = Low Impact | Actual / Forecast / Previous

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟬:𝟬𝟬 – 𝟬𝟳:𝟬𝟬 𝗕𝗦𝗧

• 𝟭𝟴:𝟬𝟬 🟡 𝗨𝗦𝗗 – Beige Book: Qualitative economic summary – No material policy signals, low market reaction
• 𝟮𝟬:𝟬𝟬 🟡 𝗨𝗦𝗗 – FOMC Member Logan Speaks: Policy commentary – Neutral tone, no shift in rate expectations
• 𝟬𝟭:𝟬𝟬 🟡 𝗡𝗭𝗗 – ANZ Commodity Prices m/m: 𝟬.𝟳% / -𝟬.𝟴% / -𝟬.𝟴% – Sharp rise supports export‑linked Kiwi
• 𝟬𝟭:𝟯𝟬 🟠 𝗔𝗨𝗗 – Goods Trade Balance: 𝟭.𝟳𝟵𝗕 / 𝟭.𝟮𝟯𝗕 / -𝟭.𝟬𝟮𝗕 – Massive beat, directly boosts AUD valuation
• 𝟬𝟱:𝟬𝟬 🟠 𝗔𝗨𝗗 – RBA Gov Bullock Speaks: Policy outlook – Reaffirmed steady rates, limited AUD movement

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟳:𝟬𝟬 – 𝟭𝟮:𝟬𝟬 𝗕𝗦𝗧

• 𝟭𝟯:𝟯𝟬 🟠 𝗖𝗛𝗙 – CPI m/m: 𝟬.𝟮% / 𝟬.𝟯% / 𝟬.𝟯% – Inflation cooling, reduces SNB hawkish pressure
• 𝟭𝟰:𝟬𝟬 🟠 𝗖𝗛𝗙 – Unemployment Rate: 𝟯.𝟭% / 𝟯.𝟬% / 𝟯.𝟬% – Rise in joblessness weighs on CHF demand
• 𝟭𝟱:𝟬𝟬 🔴 𝗘𝗨𝗥 – ECB President Lagarde Speaks: Policy guidance – Cited persistent inflation risks but signalled no near‑term hikes, EUR bearish reaction
• 𝟭𝟱:𝟯𝟬 🟠 𝗚𝗕𝗣 – Construction PMI: 𝟯𝟴.𝟮 / 𝟰𝟬.𝟰 / 𝟯𝟵.𝟳 – Deepening sector contraction, adds to GBP downside
• 𝟭𝟱:𝟱𝟬 🟡 𝗘𝗨𝗥 – French 10‑yr Bond Auction: 𝟯.𝟴𝟬% yield / 𝟮.𝟰 cover vs prior 𝟯.𝟲𝟭% / 𝟮.𝟬 – Higher yields offer mild EUR support, offset by soft data
• 𝟭𝟲:𝟬𝟬 🟠 𝗘𝗨𝗥 – Retail Sales m/m: -𝟬.𝟰% / -𝟬.𝟯% / 𝟬.𝟴% – Consumer spending contraction reinforces weak Eurozone growth narrative

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟭𝟮:𝟬𝟬 – 𝟮𝟮:𝟬𝟬 𝗕𝗦𝗧

• 𝟭𝟲:𝟯𝟬 🟡 𝗨𝗦𝗗 – Challenger Job Cuts y/y: 𝟯.𝟰% / — / -𝟮𝟬.𝟵% – Sharp jump in layoff announcements signals labour market cooling
• 𝟮𝟬:𝟯𝟬 🔴 𝗨𝗦𝗗 – Unemployment Claims: 𝟮𝟮𝟱𝗞 / 𝟮𝟭𝟰𝗞 / 𝟮𝟭𝟮𝗞 – Largest weekly rise in months, confirms softening jobs market, strong USD bearish catalyst
• 𝟮𝟬:𝟯𝟬 🟡 𝗨𝗦𝗗 – Revised Nonfarm Productivity q/q: 𝟬.𝟯% / 𝟬.𝟱% / 𝟬.𝟴% – Downward revision implies slower growth potential
• 𝟮𝟬:𝟯𝟬 🟡 𝗨𝗦𝗗 – Revised Unit Labor Costs q/q: 𝟭.𝟴% / 𝟮.𝟰% / 𝟮.𝟯% – Lower wage inflation reduces Fed rate‑hike urgency
• 𝟮𝟮:𝟬𝟬 🟡 𝗨𝗦𝗗 – Treasury Sec Bessent Speaks: Economic policy – Focused on fiscal stability, no USD‑driving comments
• 𝟮𝟮:𝟬𝟬 🟡 𝗨𝗦𝗗 – FOMC Member Bowman Speaks: Monetary policy – Balanced tone, aligned with current Fed stance
• 𝟮𝟮:𝟯𝟬 🟡 𝗨𝗦𝗗 – Natural Gas Storage: 𝟵𝟱𝗕 / 𝟵𝟵𝗕 / 𝟵𝟮𝗕 – Below forecast, limited cross‑asset impact
• 𝟮𝟯:𝟰𝟬 🟠 𝗚𝗕𝗣 – BOE Gov Bailey Speaks: Policy outlook – Stuck between inflation and growth risks, no clear GBP catalyst
• 🟡 𝗨𝗦𝗗 – FOMC Members Barkin & Daly Speak: Commentary – Neutral, consistent with broader Fed messaging

𝗜𝗠𝗣𝗔𝗖𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦:
• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: Dominated by high‑impact jobless data; cooling labour conditions remove rate‑hike premium, core bearish pressure remains
• 𝗘𝗨𝗥: Cautious ECB + weak retail sales create soft fundamental backdrop; only supported by broader USD moves
• 𝗚𝗕𝗣: Weak economic data + neutral BOE leave GBP direction tied to risk sentiment and USD
• 𝗝𝗣𝗬: Safe‑haven demand + relative yield dynamics drive consistent strength; crosses benefit most
• 𝗔𝗨𝗗: Strong trade data provides floor, but broad USD weakness limits upside outperformance
• 𝗫𝗔𝗨/𝗨𝗦𝗗: Direct beneficiary of USD bearishness; soft US data acts as primary bullish driver

𝗜𝗜𝗜. 𝗖𝗢𝗥𝗥𝗘𝗟𝗔𝗧𝗜𝗢𝗡 𝗖𝗛𝗘𝗖𝗞

Bias Rating: 🟢 = Aligned Bullish • 🔴 = Aligned Bearish • 🟡 = Mixed / Sideways

• 𝗨𝗦𝗗/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – USD softness paired with extreme JPY strength creates strong upward momentum; price action confirms breakout
• 𝗘𝗨𝗥/𝗨𝗦𝗗: 🔴 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 – Weak Eurozone fundamentals + broad USD bearishness create consistent downside pressure
• 𝗚𝗕𝗣/𝗨𝗦𝗗: 🔴 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗘𝗔𝗥𝗜𝗦𝗛 – Poor UK data + USD softness in conflict, but price action and technicals favour downside
• 𝗔𝗨𝗗/𝗨𝗦𝗗: 🟡 𝗠𝗜𝗫𝗘𝗗 / 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 – Strong domestic data offsets USD weakness; no clear directional alignment
• 𝗫𝗔𝗨/𝗨𝗦𝗗: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Perfect inverse correlation to USD; fundamental and technical signals fully aligned higher
• 𝗘𝗨𝗥/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – JPY strength outweighs EUR weakness; strong uptrend intact
• 𝗚𝗕𝗣/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – JPY outperformance drives all JPY crosses; consistent bullish structure
• 𝗔𝗨𝗗/𝗝𝗣𝗬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Risk sentiment + JPY strength combine for sustained upside
• 𝗨𝗞𝟭𝟬𝟬: 🟢 𝗔𝗟𝗜𝗚𝗡𝗘𝗗 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 – Risk‑on flows outweigh poor domestic data; upward technical structure holds

𝗜𝗩. 𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟 𝗕𝗜𝗔𝗦 & 𝗟𝗘𝗩𝗘𝗟𝗦

𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭𝟮,𝟲𝟲𝟬 • 𝟭𝟮,𝟲𝟲𝟱 • 𝟭𝟮,𝟲𝟳𝟬
• Support: 𝟭𝟮,𝟲𝟱𝟲 • 𝟭𝟮,𝟲𝟱𝟬 • 𝟭𝟮,𝟲𝟰𝟬

𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟱,𝟬𝟰𝟱 • 𝟱,𝟬𝟱𝟬 • 𝟱,𝟬𝟲𝟬
• Support: 𝟱,𝟬𝟰𝟬 • 𝟱,𝟬𝟯𝟱 • 𝟱,𝟬𝟮𝟱

𝗫𝗔𝗨/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟰,𝟰𝟴𝟬 • 𝟰,𝟰𝟵𝟬 • 𝟰,𝟱𝟬𝟬
• Support: 𝟰,𝟰𝟳𝟮 • 𝟰,𝟰𝟲𝟬 • 𝟰,𝟰𝟱𝟬

𝗨𝗦𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟲𝟬.𝟬𝟱 • 𝟭𝟲𝟬.𝟭𝟬 • 𝟭𝟲𝟬.𝟮𝟬
• Support: 𝟭𝟲𝟬.𝟬𝟭 • 𝟭𝟱𝟵.𝟵𝟬 • 𝟭𝟱𝟵.𝟳𝟱

𝗘𝗨𝗥/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭.𝟭𝟲𝟯𝟬 • 𝟭.𝟭𝟲𝟰𝟬 • 𝟭.𝟭𝟲𝟱𝟬
• Support: 𝟭.𝟭𝟲𝟮𝟱 • 𝟭.𝟭𝟲𝟮𝟬 • 𝟭.𝟭𝟲𝟭𝟬

𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗛𝗢𝗥𝗧 / 𝗕𝗘𝗔𝗥𝗜𝗦𝗛
• Resistance: 𝟭.𝟯𝟰𝟰𝟬 • 𝟭.𝟯𝟰𝟱𝟬 • 𝟭.𝟯𝟰𝟲𝟬
• Support: 𝟭.𝟯𝟰𝟯𝟳 • 𝟭.𝟯𝟰𝟮𝟬 • 𝟭.𝟯𝟰𝟭𝟬

𝗔𝗨𝗗/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: 𝗦𝗜𝗗𝗘𝗪𝗔𝗬𝗦 / 𝗡𝗘𝗨𝗧𝗥𝗔𝗟
• Resistance: 𝟬.𝟳𝟭𝟰𝟬 • 𝟬.𝟳𝟭𝟱𝟬 • 𝟬.𝟳𝟭𝟲𝟬
• Support: 𝟬.𝟳𝟭𝟯𝟵 • 𝟬.𝟳𝟭𝟮𝟬 • 𝟬.𝟳𝟭𝟬𝟬

𝗘𝗨𝗥/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟴𝟲.𝟬𝟱 • 𝟭𝟴𝟲.𝟭𝟬 • 𝟭𝟴𝟲.𝟮𝟬
• Support: 𝟭𝟴𝟲.𝟬𝟬 • 𝟭𝟴𝟱.𝟵𝟬 • 𝟭𝟴𝟱.𝟴𝟬

𝗚𝗕𝗣/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟮𝟭𝟱.𝟬𝟱 • 𝟮𝟭𝟱.𝟭𝟬 • 𝟮𝟭𝟱.𝟮𝟬
• Support: 𝟮𝟭𝟱.𝟬𝟭 • 𝟮𝟭𝟰.𝟵𝟬 • 𝟮𝟭𝟰.𝟴𝟬

𝗔𝗨𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟭𝟰.𝟮𝟱 • 𝟭𝟭𝟰.𝟯𝟬 • 𝟭𝟭𝟰.𝟰𝟬
• Support: 𝟭𝟭𝟰.𝟮𝟯 • 𝟭𝟭𝟰.𝟭𝟬 • 𝟭𝟭𝟰.𝟬𝟬

𝗨𝗞𝟭𝟬𝟬 – 𝗕𝗜𝗔𝗦: 𝗟𝗢𝗡𝗚 / 𝗕𝗨𝗟𝗟𝗜𝗦𝗛
• Resistance: 𝟭𝟬,𝟯𝟱𝟬 • 𝟭𝟬,𝟯𝟲𝟬 • 𝟭𝟬,𝟯𝟳𝟬
• Support: 𝟭𝟬,𝟯𝟰𝟵 • 𝟭𝟬,𝟯𝟰𝟬 • 𝟭𝟬,𝟯𝟯𝟬

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained in this report should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is not indicative of future results.

04/06/2026

Thursday 4th June 2026.

04/06/2026

𝗙𝗼𝗿𝘁𝘂𝗻𝗲 𝗳𝗮𝘃𝗼𝘂𝗿𝘀 𝘁𝗵𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗺𝗶𝗻𝗱.

🔵 𝗙𝗢𝗥𝗘𝗫 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 – 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟰𝘁𝗵 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗘𝘂𝗿𝗼𝗽𝗲/𝗟𝗼𝗻𝗱𝗼𝗻)

𝗜. 𝗠𝗔𝗥𝗞𝗘𝗧 𝗢𝗨𝗧𝗟𝗢𝗢𝗞 & 𝗘𝗫𝗣𝗘𝗖𝗧𝗘𝗗 𝗠𝗢𝗢𝗗

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 – 𝟬𝟬:𝟬𝟬 – 𝟬𝟳:𝟬𝟬 𝗕𝗦𝗧

Markets are expected to open with cautious sentiment, with direction set by key data releases from the Asia-Pacific region. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 is likely to begin on a steady footing, holding near recent highs unless early data shifts expectations sharply. 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 may see choppy moves; yield differentials will remain the main driver, with investors watching for any fresh signals from Bank of Japan officials. 𝗘𝗨𝗥/𝗨𝗦𝗗 is expected to remain soft, with upside likely limited amid broad US dollar demand. 𝗚𝗕𝗣/𝗨𝗦𝗗 should trade within a defined range, with moves guided by risk appetite and global rate expectations. 𝗨𝗦𝗗/𝗝𝗣𝗬 is set to test resistance levels, with dips expected to attract buying interest. 𝗫𝗔𝗨/𝗨𝗦𝗗 will likely remain under pressure; any recovery attempts are expected to be short-lived if the US dollar stays firm.

Key releases will likely bring volatility: 𝗔𝗨𝗗 Goods Trade Balance data is due at 09:30 BST; a stronger print could offer brief support to the Australian dollar, while a weaker result may trigger fresh downside. 𝗡𝗭𝗗 ANZ Commodity Prices will be released at 09:00 BST, this will set early direction for the New Zealand dollar. 𝗔𝗨𝗗 will also hear from RBA Governor Bullock at 13:00 BST, any shift in tone will be closely watched.
Cross pairs such as 𝗘𝗨𝗥/𝗝𝗣𝗬, 𝗚𝗕𝗣/𝗝𝗣𝗬 and 𝗔𝗨𝗗/𝗝𝗣𝗬 are likely to react to individual currency strength or weakness, with wider ranges possible around data time. 𝗨𝗞𝟭𝟬𝟬 is expected to open steady, with moves limited until European participants join the market.

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 – 𝟬𝟳:𝟬𝟬 – 𝟭𝟮:𝟬𝟬 𝗕𝗦𝗧

Volatility is set to pick up sharply as major European data and events come into view. 𝗖𝗛𝗙 Consumer Price Index is due at 14:30 BST, followed by Swiss Unemployment Rate at 15:00 BST, steady readings are forecast and should keep the franc range-bound. 𝗘𝗨𝗥 will be in focus as ECB President Lagarde speaks at 16:00 BST; a cautious, data-dependent stance is widely anticipated, which should limit any sharp single currency strength. French 10-year Bond Auction is scheduled tentatively, this will drive short-term euro moves if demand deviates from forecasts. 𝗚𝗕𝗣 Construction PMI is released at 16:30 BST, a slight rise is expected but the sector remains in contraction territory. 𝗘𝗨𝗥 Retail Sales follow at 17:00 BST, a small monthly fall is forecast.

𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 will remain the centre of attention; if risk sentiment softens further, it is expected to extend gains across the board. 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 may see renewed selling pressure if equity markets hold up, while safe-haven demand could offer support if uncertainty rises. 𝗚𝗕𝗣/𝗨𝗦𝗗 will react to the PMI data and broader risk trends; any surprise beat or miss is likely to drive sharp moves. 𝗨𝗦𝗗/𝗝𝗣𝗬 is expected to remain bid, with bulls targeting higher levels unless US yields pull back noticeably. 𝗫𝗔𝗨/𝗨𝗦𝗗 is forecast to test further support if the US dollar and bond yields continue to edge higher. Crosses are likely to track major currency moves, with wider swings expected around event times. 𝗨𝗞𝟭𝟬𝟬 will respond to UK data and global risk appetite.

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 – 𝟭𝟮:𝟬𝟬 – 𝟮𝟮:𝟬𝟬 𝗕𝗦𝗧

The busiest period of the day is expected, with high-impact US data and central bank speeches set to drive large moves. 𝗨𝗦𝗗 events start early with the Beige Book published at 02:00 BST, followed by FOMC Member Logan speaking at 03:00 BST. Later releases include Challenger Job Cuts at 17:30 BST, Weekly Unemployment Claims, Revised Nonfarm Productivity and Unit Labour Costs all at 20:30 BST. FOMC Member Barkin will also speak during this window. Forecasts point to steady labour market conditions, but any deviation will trigger sharp volatility. Officials are expected to reinforce the current policy path, which should keep the US dollar supported overall. Natural Gas Storage data is due at 22:30 BST, this will impact commodity-linked currencies only.

𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 will take direction from US yield moves; higher yields will likely pressure it lower, while any pullback will offer relief. 𝗘𝗨𝗥/𝗨𝗦𝗗 and 𝗚𝗕𝗣/𝗨𝗦𝗗 are expected to trade inversely to the US dollar, with ranges expanding as US data hits the wires. 𝗨𝗦𝗗/𝗝𝗣𝗬 is set for its largest moves of the day; a break above resistance would open further upside, while a retreat would find support at recent levels. 𝗫𝗔𝗨/𝗨𝗦𝗗 will be highly sensitive to US data and yields; safe-haven flows could offer support if markets turn risk-off, otherwise further downside is expected. The day closes with Bank of England Governor Bailey speaking at 23:40 BST, this will set the final tone for sterling.
𝗘𝗫𝗣𝗘𝗖𝗧𝗘𝗗 𝗕𝗜𝗔𝗦 𝗦𝗨𝗠𝗠𝗔𝗥𝗬:

• 🔴🔴 𝗘𝗨𝗥/𝗨𝗦𝗗 – Bearish / Expected to remain under pressure, recovery attempts limited
• 🟡🔴 𝗚𝗕𝗣/𝗨𝗦𝗗 – Neutral-to-Bearish / Range-bound with downward bias unless data surprises higher
• 🟢🟢 𝗨𝗦𝗗/𝗝𝗣𝗬 – Bullish / Dips expected to be bought, upside favoured on yield spreads
• 🔴🔴 𝗔𝗨𝗗/𝗨𝗦𝗗 – Bearish / Cautious tone, trade balance and RBA comments to drive short-term weakness
• 🟡🟡 𝗘𝗨𝗥/𝗝𝗣𝗬 – Neutral / Mixed action, follows separate EUR and JPY direction
• 🟡🟡 𝗚𝗕𝗣/𝗝𝗣𝗬 – Neutral / Range trade expected, volatility around UK and US events
• 🔴🔴 𝗔𝗨𝗗/𝗝𝗣𝗬 – Bearish / Vulnerable to risk-off sentiment and US dollar strength
• 🔴🔴 𝗫𝗔𝗨/𝗨𝗦𝗗 – Bearish / Pressure to persist unless safe-haven demand rises sharply
• 🟢🟢 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 – Bullish / Broad strength, supported by policy outlook and steady data
• 🟡🔴 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 – Neutral-to-Bearish / Weakness favoured unless risk aversion increases
• 🟡🟡 𝗨𝗞𝟭𝟬𝟬 – Neutral / Cautious trade, direction set by risk appetite and data

𝗞𝗘𝗬 𝗙𝗢𝗖𝗨𝗦:

• 𝗨𝗦𝗗: Central driver – Beige Book, jobless claims and multiple Fed speeches the main catalysts
• 𝗘𝗨𝗥: ECB President Lagarde speech; tone will determine short-term euro direction
• 𝗚𝗕𝗣: Construction PMI and Governor Bailey speech; likely to trigger sterling volatility
• 𝗔𝗨𝗗/𝗡𝗭𝗗: Goods Trade Balance, RBA commentary and ANZ Commodity Prices set early tone
• 𝗖𝗛𝗙: Inflation and unemployment data; steady forecasts mean limited franc movement
• 𝗝𝗣𝗬: Yield differentials and risk sentiment remain the only drivers, no BoJ events scheduled
• 𝗫𝗔𝗨: US Treasury yields and dollar strength will continue to dominate price action
• 𝗖𝗿𝗼𝘀𝘀𝗲𝘀: Sharp moves expected around high-impact speeches and data releases
𝗜𝗜. 𝗞𝗘𝗬 𝗘𝗫𝗣𝗘𝗖𝗧𝗘𝗗 𝗘𝗩𝗘𝗡𝗧𝗦 – 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟰𝘁𝗵 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗕𝗦𝗧)

Impact Rating: 🔴 = High • 🟠 = Medium • 🟡 = Low | Forecast / Previous

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟬:𝟬𝟬 – 𝟬𝟳:𝟬𝟬 𝗕𝗦𝗧

• 🟠 𝗡𝗭𝗗 – ANZ Commodity Prices m/m | Forecast: -0.8% | Previous: n/a
• 🟠 𝗔𝗨𝗗 – Goods Trade Balance | Forecast: 1.23B | Previous: -1.84B
• 🔴 𝗔𝗨𝗗 – RBA Governor Bullock Speaks | Forecast: Neutral tone | Previous: Balanced stance

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟳:𝟬𝟬 – 𝟭𝟮:𝟬𝟬 𝗕𝗦𝗧

• 🟠 𝗖𝗛𝗙 – CPI m/m | Forecast: 0.3% | Previous: 0.3%
• 🟠 𝗖𝗛𝗙 – Unemployment Rate | Forecast: 3.0% | Previous: 3.0%
• 🔴 𝗘𝗨𝗥 – ECB President Lagarde Speaks | Forecast: Data-dependent | Previous: Cautious
• 🟠 𝗚𝗕𝗣 – Construction PMI | Forecast: 40.4 | Previous: 39.7
• 🟠 𝗘𝗨𝗥 – Retail Sales m/m | Forecast: -0.3% | Previous: -0.1%
• 🟡 𝗘𝗨𝗥 – French 10-year Bond Auction | Forecast: 3.61% yield | Previous: 3.60%

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟭𝟮:𝟬𝟬 – 𝟮𝟮:𝟬𝟬 𝗕𝗦𝗧

• 🟡 𝗨𝗦𝗗 – Beige Book | Forecast: Gradual policy message | Previous: Similar tone
• 🟠 𝗨𝗦𝗗 – FOMC Member Logan Speaks | Forecast: Cautious hawkish | Previous: Neutral
• 🟡 𝗨𝗦𝗗 – Challenger Job Cuts y/y | Forecast: -20.9% | Previous: Lower
• 🔴 𝗨𝗦𝗗 – Unemployment Claims | Forecast: 214K | Previous: 215K
• 🟠 𝗨𝗦𝗗 – Revised Nonfarm Productivity q/q | Forecast: 0.5% | Previous: 0.8%
• 🟠 𝗨𝗦𝗗 – Revised Unit Labour Costs q/q | Forecast: 2.4% | Previous: 2.3%
• 🟡 𝗨𝗦𝗗 – Natural Gas Storage | Forecast: 99B | Previous: 92B
• 🔴 𝗨𝗦𝗗 – FOMC Member Barkin Speaks | Forecast: Policy supportive | Previous: Balanced
• 🔴 𝗚𝗕𝗣 – BOE Governor Bailey Speaks | Forecast: Inflation focused | Previous: Hawkish tilt
𝗘𝗫𝗣𝗘𝗖𝗧𝗘𝗗 𝗜𝗠𝗣𝗔𝗖𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦:

• 𝗨𝗦𝗗: Broad strength remains the base case. Fed speakers are set to keep the door open to steady or higher rates, supporting demand. Labour market data will be the main test; any unexpected rise in claims will trigger only temporary weakness, while a low print adds upside momentum.
• 𝗘𝗨𝗥: The single currency will take direction entirely from President Lagarde. No change in policy is expected, so any hawkish reference to inflation will give a brief lift, while repeated caution will keep pressure on the downside.
• 𝗚𝗕𝗣: Sterling faces mixed drivers. Construction activity remains weak, but Governor Bailey is likely to keep rate hike expectations alive. Range-bound trade is the most probable outcome, with sharp moves only if comments surprise markets.
• 𝗔𝗨𝗗 / 𝗡𝗭𝗗: The Australian dollar is vulnerable if trade data disappoints or Bullock sounds cautious. Commodity price weakness will weigh on the New Zealand dollar, with limited upside unless risk sentiment improves sharply.
• 𝗖𝗛𝗙: The Swiss franc will trade quietly; inflation and jobs data are forecast unchanged, matching the central bank’s view, so no fresh directional impetus is expected.
• 𝗫𝗔𝗨: Gold remains inversely tied to the US dollar and yields. Any rise in US rates or dollar strength will push prices lower; safe-haven bids will only emerge if global equity markets sell off heavily.

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥

All analysis is for informational purposes only and does not constitute financial advice. Trading involves risk; always use appropriate risk management. Past performance is not indicative of future results. Forecasts are subject to change without notice.

03/06/2026

𝗙𝗼𝗿𝘁𝘂𝗻𝗲 𝗳𝗮𝘃𝗼𝘂𝗿𝘀 𝘁𝗵𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗺𝗶𝗻𝗱.

🔵 𝗙𝗢𝗥𝗘𝗫 𝗥𝗲𝘃𝗶𝗲𝘄 – 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆 𝟯𝗿𝗱 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗘𝘂𝗿𝗼𝗽𝗲/𝗟𝗼𝗻𝗱𝗼𝗻)

𝗜. 𝗠𝗔𝗥𝗞𝗘𝗧 𝗠𝗢𝗢𝗗

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡

Markets opened mixed with early sharp swings. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 opened at 12,642, spiked quickly to 12,662.50 before easing back to trade between 12,655–12,660. 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 gapped sharply higher to 5,080 then reversed hard, falling straight to 5,030 in the first hour. 𝗘𝗨𝗥/𝗨𝗦𝗗 opened at 1.1622 and drifted steadily lower from the off. 𝗚𝗕𝗣/𝗨𝗦𝗗 opened near 1.3460 and immediately trended downwards. 𝗨𝗦𝗗/𝗝𝗣𝗬 opened at 160.00 then dropped sharply to 159.40 before steadying. 𝗫𝗔𝗨/𝗨𝗦𝗗 started near 4,470, dipped to 4,450 then bounced briefly to 4,465. Cross pairs saw wild moves: 𝗘𝗨𝗥/𝗝𝗣𝗬 crashed from 185.80 to 185.10; 𝗚𝗕𝗣/𝗝𝗣𝗬 dropped to 214.40; 𝗔𝗨𝗗/𝗝𝗣𝗬 slipped from 114.60 toward 114.20. 𝗨𝗞𝟭𝟬𝟬 opened at 10,380 then plunged sharply to 10,330.

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡

Volatility remained elevated but ranges began to form. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 held firm between 12,655–12,660, consolidating its early gains and closing right at 12,660. 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 stabilised after the drop, trading choppy sideways between 5,040–5,050, closing exactly at 5,045. 𝗘𝗨𝗥/𝗨𝗦𝗗 extended its decline, falling steadily to an intraday low of 1.1595 before a tiny late bounce, closing at 1.16049. 𝗚𝗕𝗣/𝗨𝗦𝗗 followed suit, trended lower all session to 1.3420, closed at 1.34276. 𝗨𝗦𝗗/𝗝𝗣𝗬 staged a full recovery from early lows, rallied back to test 159.977 into the close. 𝗫𝗔𝗨/𝗨𝗦𝗗 resumed its decline, broke 4,450 and dropped hard to 4,430, then recovered marginally to close at 4,452.96. 𝗘𝗨𝗥/𝗝𝗣𝗬 mounted a strong recovery from lows, climbed steadily back to close at 185.645. 𝗚𝗕𝗣/𝗝𝗣𝗬 traded sideways in a tight 214.70–214.90 range, closing at 214.813. 𝗔𝗨𝗗/𝗝𝗣𝗬 stayed weak, held near lows and closed at 114.264. 𝗔𝗨𝗗/𝗨𝗦𝗗 drifted lower throughout, hit 0.7140 then edged up to close at 0.71422. 𝗨𝗞𝟭𝟬𝟬 recovered from early lows, swung back up toward 10,370 before easing to close at 10,342.11.

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡

Action settled into established ranges with no fresh extremes. 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 held firm above 12,655. 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 continued to trade sideways with no clear direction. Majors retained their intraday biases: 𝗘𝗨𝗥/𝗨𝗦𝗗 and 𝗚𝗕𝗣/𝗨𝗦𝗗 stayed soft; 𝗨𝗦𝗗/𝗝𝗣𝗬 held gains near highs; 𝗫𝗔𝗨/𝗨𝗦𝗗 recovered gently but remained heavy. Crosses held their recovery levels; 𝗘𝗨𝗥/𝗝𝗣𝗬 and 𝗚𝗕𝗣/𝗝𝗣𝗬 kept gains, 𝗔𝗨𝗗/𝗝𝗣𝗬 stayed weak. 𝗨𝗞𝟭𝟬𝟬 consolidated within the day’s range.
[𝗦𝗨𝗠𝗠𝗔𝗥𝗬:]

• 𝗘𝗨𝗥/𝗨𝗦𝗗: Bearish / Steady decline, lower highs & lows
• 𝗚𝗕𝗣/𝗨𝗦𝗗: Bearish / Trended lower all session, no meaningful bounce
• 𝗨𝗦𝗗/𝗝𝗣𝗬: Bullish / Sharp early drop fully reversed, strong recovery
• 𝗔𝗨𝗗/𝗨𝗦𝗗: Bearish / Consistent selling pressure, steady downtrend
• 𝗘𝗨𝗥/𝗝𝗣𝗬: Neutral-to-Bullish / Sharp selloff then full recovery
• 𝗚𝗕𝗣/𝗝𝗣𝗬: Neutral / Wild early swing, then tight sideways range
• 𝗔𝗨𝗗/𝗝𝗣𝗬: Bearish / Steady losses, weak price action
• 𝗫𝗔𝗨/𝗨𝗦𝗗: Bearish / Heavy selling, fresh intraday lows
• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: Bullish / Early rally, held firm, mild late consolidation
• 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁: Neutral / Extreme whipsaw, then choppy range trade
• 𝗨𝗞𝟭𝟬𝟬: Neutral / Sharp drop, partial recovery, balanced close

𝗞𝗘𝗬 𝗙𝗢𝗖𝗨𝗦:

• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: Broad strength the dominant theme across majors
• 𝗝𝗣𝗬: Extreme volatility – sharp selloff then stabilisation
• 𝗘𝗨𝗥, 𝗚𝗕𝗣, 𝗔𝗨𝗗: All weak against USD; consistent downside pressure
• 𝗫𝗔𝗨/𝗨𝗦𝗗: Heavy bearish momentum, pressured by rising USD
• 𝗖𝗿𝗼𝘀𝘀𝗲𝘀: JPY weakness triggered sharp swings; recovery on dip buying
• 𝗜𝗻𝗱𝗶𝗰𝗲𝘀: Risk sentiment mixed, sharp selloff reversed partially
𝗜𝗜. 𝗞𝗘𝗬 𝗙𝗨𝗡𝗗𝗔𝗠𝗘𝗡𝗧𝗔𝗟𝗦 – 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆 𝟯𝗿𝗱 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 (𝗕𝗦𝗧)

Impact Rating: 🔴 = High • 🟠 = Medium • 🟡 = Low | Actual / Forecast / Previous

𝗔𝗦𝗜𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟬:𝟬𝟬 – 𝟬𝟳:𝟬𝟬 𝗕𝗦𝗧

• 🟡 𝗔𝗨𝗗 – RBA Bulletin: Neutral tone, no new policy signals – little reaction
• 🔴 𝗡𝗭𝗗 – Annual Budget Release: Spending plans broadly as expected – muted NZD movement
• 🟠 𝗨𝗦𝗗 – FOMC Member Cook Speaks: Reaffirmed gradual policy path – mild USD support

𝗟𝗢𝗡𝗗𝗢𝗡 / 𝗘𝗨𝗥𝗢𝗣𝗘 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟬𝟳:𝟬𝟬 – 𝟭𝟮:𝟬𝟬 𝗕𝗦𝗧

• 🟠 𝗚𝗕𝗣 – MPC Member Lombardelli Speaks: Balanced commentary, no shift in outlook – limited impact
• 🟡 𝗘𝗨𝗥 – Italian 10-yr Bond Auction: 3.77% yield, solid demand – no EUR reaction
• 🔴 𝗘𝗨𝗥 – ECB President Lagarde Speaks: Repeated data-dependent stance, cautious on inflation – EUR held steady

𝗨𝗦 / 𝗖𝗔𝗡𝗔𝗗𝗔 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 — 𝟭𝟮:𝟬𝟬 – 𝟮𝟮:𝟬𝟬 𝗕𝗦𝗧

• 🟠 𝗨𝗦𝗗 – API Weekly Statistical Bulletin: Crude stockpiles higher than forecast – no direct FX impact
• 🔴 𝗨𝗦𝗗 – FOMC Members Jefferson, Goolsbee, Williams, Musalem Speak: Collective tone leaned hawkish – supported USD bid
• 🟠 𝗖𝗔𝗗 – BOC Financial System Review: Highlighted financial stability risks – CAD softens slightly
• 🟡 𝗖𝗔𝗗 – BOC Press Conference: No change to policy stance – limited reaction
𝗜𝗠𝗣𝗔𝗖𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦:

• 𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥: Hawkish-leaning Fed commentary + risk-off flows kept bid; strength broad-based across G10
• 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁: No fresh BoJ commentary; price action driven entirely by yield differentials and risk swings
• 𝗫𝗔𝗨/𝗨𝗦𝗗: Inverse correlation to USD fully intact; higher yields and stronger USD drove fresh lows
• 𝗘𝗨𝗥/𝗚𝗕𝗣/𝗔𝗨𝗗: Weighed down by dominant USD strength; local data/events took back seat
• 𝗖𝗿𝗼𝘀𝘀𝗲𝘀: EUR/JPY & GBP/JPY bounced sharply on JPY retracement; AUD/JPY suffered from risk-off & USD strength
• 𝗨𝗞𝟭𝟬𝟬: Global risk sentiment and rate expectations drove sharp intraday volatility
𝗜𝗜𝗜. 𝗖𝗢𝗥𝗥𝗘𝗟𝗔𝗧𝗜𝗢𝗡 𝗖𝗛𝗘𝗖𝗞

Bias Rating: 🟢 = Aligned Bullish • 🔴 = Aligned Bearish • 🟡 = Mixed / Sideways

• 𝗨𝗦𝗗/𝗝𝗣𝗬: 🟢 Aligned Bullish – USD strength + JPY weakness = clear positive correlation
• 𝗘𝗨𝗥/𝗨𝗦𝗗: 🔴 Aligned Bearish – EUR weakness directly tied to broad USD demand
• 𝗫𝗔𝗨/𝗨𝗦𝗗: 🔴 Aligned Bearish – Classic inverse link; gold fell hard as USD advanced
• 𝗚𝗕𝗣/𝗨𝗦𝗗: 🔴 Aligned Bearish – Consistent downside; fully aligned with USD bullish flow
• 𝗨𝗞𝟭𝟬𝟬: 🟡 Mixed / Sideways – Sharp selloff reversed; correlation to USD/Risk mixed
• 𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁: 🟡 Mixed / Sideways – Extreme early bearish swing, then stabilised to neutral
• 𝗔𝗨𝗗/𝗨𝗦𝗗: 🔴 Aligned Bearish – Risk-off sentiment + USD strength = full negative alignment
𝗜𝗩. 𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟 𝗕𝗜𝗔𝗦 & 𝗟𝗘𝗩𝗘𝗟𝗦

𝗘𝗨𝗥/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: Bearish

• Resistance: 1.1620, 1.1635 – Rallies firmly capped, sellers step in
• Support: 1.1595, 1.1580 – Fresh intraday lows; break opens further downside

𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: Bearish

• Resistance: 1.3440, 1.3455 – Recovery attempts fail consistently
• Support: 1.3420, 1.3400 – Current lows; break confirms extended weakness

𝗨𝗦𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: Bullish

• Resistance: 160.00, 160.15 – Immediate upside targets, retest of highs
• Support: 159.70, 159.50 – Strong buy zone; dips are being bought aggressively

𝗔𝗨𝗗/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: Bearish

• Resistance: 0.7160, 0.7175 – Upside capped firmly, bearish trend intact
• Support: 0.7140, 0.7120 – Current lows; break exposes fresh downside levels

𝗘𝗨𝗥/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: Neutral-to-Bullish

• Resistance: 185.70, 185.85 – Upside targets on continuation of recovery
• Support: 185.40, 185.20 – Strong floor; early lows held as solid support

𝗚𝗕𝗣/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: Neutral

• Resistance: 214.90, 215.05 – Range top; break opens bullish extension
• Support: 214.60, 214.40 – Range bottom; holds firm, consolidation zone

𝗔𝗨𝗗/𝗝𝗣𝗬 – 𝗕𝗜𝗔𝗦: Bearish

• Resistance: 114.40, 114.55 – Any recovery capped, sellers in control
• Support: 114.20, 114.00 – Critical support; break accelerates downside

𝗫𝗔𝗨/𝗨𝗦𝗗 – 𝗕𝗜𝗔𝗦: Bearish

• Resistance: 4,460, 4,475 – Strong supply zone; recovery attempts rejected
• Support: 4,430, 4,410 – Fresh intraday lows; risk of further decline

𝗨𝗦𝗗𝗢𝗟𝗟𝗔𝗥 – 𝗕𝗜𝗔𝗦: Bullish

• Resistance: 12,665, 12,680 – Upside targets; retest of recent highs
• Support: 12,650, 12,640 – Strong demand zone; pullbacks well supported

𝗝𝗣𝗬𝗕𝗮𝘀𝗸𝗲𝘁 – 𝗕𝗜𝗔𝗦: Neutral

• Resistance: 5,050, 5,065 – Range top; bounces limited so far
• Support: 5,035, 5,020 – Range bottom; floor held after sharp drop

𝗨𝗞𝟭𝟬𝟬 – 𝗕𝗜𝗔𝗦: Neutral

• Resistance: 10,360, 10,375 – Range ceiling; break opens recovery
• Support: 10,330, 10,315 – Range floor; early selloff low remains key

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥

All analysis is for informational purposes only and does not constitute financial advice. Trading involves risk; always use appropriate risk management. Past performance is not indicative of future results. Forecasts are subject to change without notice.

Address

London
EC4M7LS

Opening Hours

Monday	7am - 4pm
Tuesday	7am - 4pm
Wednesday	7am - 4pm
Thursday	7am - 4pm
Friday	7am - 4pm

Website

facebook.com

Alerts

Be the first to know and let us send you an email when Nemesis Trading posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Finance Company in London?

Nemesis Trading

05/06/2026

04/06/2026

04/06/2026

04/06/2026

03/06/2026

Address

Opening Hours

Website

Alerts

Shortcuts

Share

Category