āĻŽā§‚āϞ āĻŽā§āĻĻā§āϰāĻžāϰ āĻœā§‹āĻĄāĻŧāĻžāϗ⧁āϞāĻŋāϰ āĻŦāĻŋāĻļā§āϞ⧇āώāĻŖāĻžāĻ¤ā§āĻŽāĻ• āĻĒāĻ°ā§āϝāĻžāϞ⧋āϚāύāĻž 2026.06.04

āĻŦāĻŋāώ⧟āĻŦāĻ¸ā§āϤ⧁

The EUR/USD currency pair

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 1.1625
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 1.1597
  • āϏāĻ°ā§āĻŦāĻļ⧇āώ āĻĻāĻŋāύ āϧāϰ⧇ % chg.: -0.24%

The euro came under pressure yesterday due to the strengthening of the dollar. The US dollar Index reached its highest level in the past two months. The American currency received strong support from robust domestic macroeconomic statistics, which forced traders to radically revise their expectations regarding the Federal Reserve’s next steps. The main driver of growth was the fresh May ADP report, according to which 122 thousand new jobs were created in the US private sector – not only exceeding analysts’ consensus expectations but also marking the strongest monthly increase since January 2025, confirming that the US labor market continues to gain momentum despite high interest rates. European investors are pricing in almost a 100% probability of a rate hike by the European Central Bank at next week’s meeting, with the potential for another 25‑basis‑point increase in September.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.1586, 1.1547
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.1610, 1.1630, 1.1651, 1.1659, 1.1681, 1.1696, 1.1722

Today, the focus is on the 1.1610 level, as it will be the decisive factor for intraday movement. As long as the price remains below this level, there is a high probability of a decline toward 1.1586. On the other hand, an impulsive consolidation above 1.1610 will very likely trigger growth toward at least 1.1630.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: Neutral
  • Sup: 1.1586
  • Res: 1.1610
  • Note: Sell trades are appropriate from the 1.1610 level, but with confirmation. A repeated consolidation above 1.1610 will trigger a new wave of euro growth toward 1.1630 and higher.

 

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ āĻĢāĻŋāĻĄ: 2026.06.04

  • Eurozone Retail Sales (m/m) at 12:00 (GMT+3) – EUR (LOW)
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3) – USD (MED)
  • US Natural Gas Storage (w/w) at 17:30 (GMT+3) – XNG (HIGH)

The GBP/USD currency pair

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 1.3464
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 1.3416
  • āϏāĻ°ā§āĻŦāĻļ⧇āώ āĻĻāĻŋāύ āϧāϰ⧇ % chg.: -0.36%

The UK macroeconomic agenda confirmed a significant cooling of business activity in a key sector of the economy. The final S&P Global UK Services PMI for May was revised upward to 49.3 points compared to the preliminary estimate of 47.9. Amid falling demand and prolonged pressure from high costs, British companies shifted to strict optimization, recording the fastest pace of job cuts since February of this year. Such a weak Services PMI release clearly confirms the validity of market concerns: the Bank of England will have to raise interest rates in September amid the obvious slide of the national economy into stagflationary recession.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.3412, 1.3380, 1.3300, 1.3252
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.3437, 1.3454, 1.3483, 1.3507, 1.3550, 1.3596

The British pound fell below the 1.3437 level and is now trading in the 1.3412-1.3437 range. The intraday bias favors sellers, so traders should primarily focus on selling from 1.3437 or from EMA lines, but with confirmation. If the price impulsively consolidates above 1.3437, this will open the way toward 1.3454 and higher.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: Neutral
  • Sup: 1.3412
  • Res: 1.3437
  • Note: Sell trades are best considered from 1.3437 or from EMA lines, but with confirmation. An impulsive breakout of 1.3437 will trigger growth toward 1.3454 and higher.

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ āĻĢāĻŋāĻĄ: 2026.06.04

  • UK BOE Gov Bailey Speaks at 18:40 (GMT+3) – GBP (LOW)

The USD/JPY currency pair

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 159.87
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 160.04
  • āϏāĻ°ā§āĻŦāĻļ⧇āώ āĻĻāĻŋāύ āϧāϰ⧇ % chg.: +0.11%

All short‑term dynamics of the Japanese currency came under strong pressure due to renewed escalation in US-Iran relations, which triggered a powerful wave of global demand for the US dollar as the main safe‑haven asset. As a result, the yen completely erased all the recovery gains achieved thanks to last month’s large‑scale government interventions totaling 11.7 trillion yen, once again confirming the strength of fundamental market factors working against Japan’s national currency. The new wave of depreciation forced the country’s leadership to issue fresh verbal warnings: Prime Minister Sanae Takaichi officially confirmed the government’s full readiness to take strict practical measures in case of further excessive and speculative exchange‑rate fluctuations.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 159.67, 159.45, 159.14, 158.65, 158.28, 158.00, 157.33
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 159.98, 160.09, 160.46

The Japanese yen reached a psychological level yesterday, after which the price sharply dropped to 159.45 within a short period, visually very similar to a minor currency intervention. Today, a similar decline occurred from the 159.98 level. Notably, the price quickly returned to the points from which the drop occurred, indicating a strong bullish trend. Under such market conditions, sell trades are considered from 159.98 and 160.09, but with confirmation. There are currently no optimal entry points for buying, as MACD divergence indicates a likely correction.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: Uptrend
  • Sup: 159.67
  • Res: 159.98
  • Note: Sell trades are appropriate from 159.98 or 160.09, but with confirmation. There are no optimal buying points at the moment.

āφāϜāϕ⧇āϰ āϜāĻ¨ā§āϝ āϕ⧋āύ āĻ–āĻŦāϰ āύ⧇āχ

The XAU/USD currency pair (gold)

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 4492
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 4443
  • āϏāĻ°ā§āĻŦāĻļ⧇āώ āĻĻāĻŋāύ āϧāϰ⧇ % chg.: -1.10%

Gold fell below the psychological level of 4500 dollars per ounce, approaching the spring lows of last week. Pressure on the precious metal intensified due to expectations that major global regulators will be forced to keep interest rates at high restrictive levels for much longer, reducing the attractiveness of gold as a non‑yielding asset. The situation is worsened by strong US economic releases: fresh macroeconomic data from ADP and JOLTS confirmed an acceleration in hiring, giving the Federal Reserve a strong reason to remain flexible regarding further rate hikes.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 4439, 4403, 4350, 4304
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 4493, 4538, 4581, 4616, 4648, 4707

Gold fell to 4440 dollars per ounce, after which a new consolidation phase began in the 4439-4493 range. For selling, it is best to wait for a test of the 4493 resistance level. Buy trades are best considered from 4439, but only with confirmation. Overall, gold currently presents rather challenging conditions for opening optimal entry points.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: Neutral
  • Sup: 4439
  • Res: 4493
  • Note: Sell trades are considered from 4493, but with confirmation. Buy trades are best considered from 4439, also with confirmation.

 

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ āĻĢāĻŋāĻĄ: 2026.06.04

  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3) – USD (MED)

āĻāχ āύāĻŋāĻŦāĻ¨ā§āϧāϟāĻŋ āĻāĻ•āϟāĻŋ āĻŦā§āϝāĻ•ā§āϤāĻŋāĻ—āϤ āĻŽāϤāĻžāĻŽāϤ āĻĒā§āϰāϤāĻŋāĻĢāϞāĻŋāϤ āĻ•āϰ⧇ āĻāĻŦāĻ‚ āĻāϟāĻŋāϕ⧇ āĻŦāĻŋāύāĻŋāϝāĻŧā§‹āϗ⧇āϰ āĻĒāϰāĻžāĻŽāĻ°ā§āĻļ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻ…āĻĢāĻžāϰ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āφāĻ°ā§āĻĨāĻŋāĻ• āϞ⧇āύāĻĻ⧇āύ āĻ•āϰāĻžāϰ āϜāĻ¨ā§āϝ āĻāĻ•āϟāĻŋ āĻ•ā§āϰāĻŽāĻžāĻ—āϤ āĻ…āύ⧁āϰ⧋āϧ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻāĻ•āϟāĻŋ āĻ—ā§āϝāĻžāϰāĻžāĻ¨ā§āϟāĻŋ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻ­āĻŦāĻŋāĻˇā§āϝāϤ⧇āϰ āϘāϟāύāĻžāϗ⧁āϞāĻŋāϰ āĻĒā§‚āĻ°ā§āĻŦāĻžāĻ­āĻžāϏ āĻšāĻŋāϏāĻžāĻŦ⧇ āĻŦā§āϝāĻžāĻ–ā§āϝāĻž āĻ•āϰāĻž āωāϚāĻŋāϤ āύāϝāĻŧāĨ¤