Chart Art: Gold (XAU/USD) Rebound Runs Into Mid-Channel Resistance
Gold staged a sharp recovery from its recent lows, but the upswing may be running into a wall. Is the rebound running on borrowed time?
ForexHatch
Unlock Financial Freedom – Start Trading
Category: Forex
Iran chief negotiator continues to pinpoint violations of existing ceasefire agreement
It doesn’t feel like much of anything is being resolved at the moment in the Middle East. All the conditions for a deal have been laid out on the table for two weeks now but it seems like both the US and Iran still cannot meet in the middle. Iran chief negotiator Ghalibaf is out saying that: “The naval…
Switzerland SVME – Purchasing Managers’ Index came in at 57.3, above expectations (54) in May
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting…
ECB Rate Hike Prospects Could Fuel Euro Rally. Forecast as of 01.06.2026
2026.06.01 2026.06.01 ECB Rate Hike Prospects Could Fuel Euro Rally. Forecast as of 01.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While the Fed may view high inflation as a transient issue, the ECB sees it differently. It has no intention of waiting any longer. Monetary tightening is just around the corner, boosting the EUR/USD pair. Let’s discuss this topic and develop a trading…
Bitcoin Decoupling From Stocks: What This Could Imply for Market Sentiment
When equities hit records and crypto goes the other way, the dollar is usually the story. Here’s what’s actually happening and why it matters for traders trying to read risk sentiment. What Actually Happened? The S&P 500 briefly cleared 7,540 to test all-time highs on Tuesday last week. Bitcoin, at roughly the same moment, spiked toward $78,020 around the…
US president Trump says to “sit back and relax, it will all work out well in the end”
I think that pretty much sets the tone of what we can expect this week. That being another week where we go back and forth on the same issues awaiting both sides to strike a compromise, just so that we can get on with the optics of a deal. Trump’s full tweet: “Iran really wants to make a deal,…
Gold holds below two-week top as Iran risks and hawkish Fed lift USD
Gold (XAU/USD) kicks off the new week on a subdued note and remains on the back foot below a two-week top, around the $4,600 neighborhood, touched on Friday. Persistent geopolitical uncertainties, along with hawkish US Federal Reserve (Fed) expectations, help the US Dollar (USD) regain positive traction, which, in turn, is seen as a key factor acting as a…
USD/CAD Analysis for June 1, 2026: Jobs Week Could Decide the Next Breakout
USD/CAD is testing a key resistance zone as jobs data, oil headlines, and Fed expectations line up for a volatile week.
China May private survey Rating Dog Manufacturing PMI 51.8 (expected 51.4, prior 52.2)
China’s RatingDog/S&P Global Manufacturing PMI eased to 51.8 in May from 52.2 in April, staying above 50 for a sixth straight month, as input price inflation eased for the first time in six months. Over the weekend we had the official PMIs: Summary: Source: RatingDog/S&P Global The RatingDog China General Manufacturing PMI eased to 51.8 in May from 52.2…
South Korea S&P Global Manufacturing PMI climbed from previous 53.6 to 54.8 in May
Gold holds steady above $4,500 during the Asian session on Monday, stalling Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and…
Forex Signals
