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.
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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…
Japan Capital Spending Q1: 0.0% y/y (expected 4.0%, prior 6.5%)
Flat capex in Q1 the headline data point, Disappointing. Japan Capital Spending Ex Software Q1: -1.4% y/y expected 5.4%, prior 7.3% Japan Company Sales Q1: 1.1% y/y Japan Company Profits Q1: 14.6% y/y expected 5.3%, prior 4.7% I’ll have more to come on this separately, details etc.
Japanese Yen muted amid steady US PCE data
The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook. The latest Core Personal Consumption Expenditures (PCE) Price Index held steady at 3.3% YoY in…
Bitcoin Market Brief: ETF Outflows Put Bears Back in Control
If you trade BTC/USD, bitcoin CFDs, bitcoin futures, or bitcoin ETFs, here’s a deeper dive into what moved bitcoin this week and what to watch going into next week. Not a great week for bitcoin. BTC closed lower, ETF investors kept pulling money, macro data removed any near-term rate-cut optimism, and the chart slipped below every major daily moving…
US Commerce Department moves to block Nvidia and AMD chip flows to Chinese overseas units
The US Commerce Department has closed a loophole that may have allowed hundreds of thousands of advanced Nvidia and AMD AI chips to reach Chinese firms via overseas subsidiaries over the past year. Summary: The US Commerce Department issued guidance on Sunday enforcing licence requirements for advanced AI chips sold to entities headquartered in China, even when those entities…
United States Baker Hughes US Oil Rig Count increased to 429 from previous 425
United States Baker Hughes US Oil Rig Count increased to 429 from previous 425
Should you sell DELL stock or move your stop higher? Practical lesson in trade management
I saw an interesting discussion in one of the equity investing and trading groups, and I thought it was worth turning into a broader educational note. The question was simple, but very important: If you are already holding DELL stock at a profit, is it better to sell, or should you move your stop higher and let the position…
British Pound rebounds as US Dollar weakens on Iran deal hopes
GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed. A senior Iranian source told Reuters that “a political understanding has been reached between Iran and the…
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