Top Forex Brokers – Forex Weekly news and analysis For June 2 – 8, 2025
Economic calendar highlights
Thursday, June 5
Markets expect a rate cut soon as eurozone inflation eases. A dovish signal or surprise cut could boost risk assets and weaken the euro, while a hawkish tone may delay easing. Prepare for volatility around the announcement.
Friday, June 6
This month’s Fed meeting adds pressure ahead of the Non-Farm Payrolls report. The previous reading was 177K. A strong print may dampen rate cut expectations, while weak data could prompt dovish bets and volatility across markets.
The price has formed a bullish flag pattern and is already testing the upper boundary.
• Consider buying XAUUSD on a breakout above the 3360 level, targeting the historical high at 3500. If the all-time high is breached, the next potential target is 3700.
EURUSD (daily)
The price broke through the local downward trend level and is now testing the critical resistance level of 1.1424.
• If the resistance level is breached, we expect the rally to extend toward 1.1518 and 1.1651.
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*Tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only.
