Commodities
Brent under pressure: A rebound may be comingIn 2025, oil prices have come under significant pressure, falling more than 21% since the beginning of the year — from $75 to around $59 per barrel of #BRENT. This decline was driven by increased production from OPEC+ countries, weak global demand (particularly in Asia), heightened economic risks due to trade disputes, and rising output from non-OPEC producers such as the U.S. and Brazil. Together, these factors created an oversupply amid stagnant demand.
Currently, the oil market continues to be shaped by a range of influencing factors. While accurately predicting prices remains a challenge, several key drivers are likely to steer oil price movements in the near term. Here’s a look at the main bullish and bearish factors:
• Geopolitical tensions (Bullish driver): Ongoing or emerging conflicts in key oil-producing regions (such as the Middle East and Eastern Europe) raise concerns about potential supply disruptions. Even without actual disruptions, the perceived risk leads traders to factor in a “risk premium,” pushing prices higher. Any escalation could trigger sharp price spikes.
• OPEC+ policy (Bullish/neutral driver): The alliance’s production decisions remain a major influence on supply. If OPEC+ maintains or tightens its current output cuts to balance the market or target price levels, this will support price growth or at least stability. Conversely, quota breaches or output increases would weigh on prices.
• Global economic outlook (Bearish/bullish driver): The trajectory of global economic growth directly affects oil demand. Signs of GDP slowdowns in major economies (U.S., China, EU) tend to weaken demand and drag prices lower. On the other hand, if economic growth proves more resilient than expected, it would support oil demand and prices. Uncertainty over the growth path of many countries persists in 2025.
• Non-OPEC+ output growth (Bearish driver): Countries outside of the OPEC+ alliance — including the U.S. (shale), Brazil, Guyana, and Canada — continue expanding their production. Significant output increases from these nations could offset OPEC+ efforts and lead to market oversupply, applying downward pressure on prices.
• Energy transition and underinvestment (Medium-term bullish driver): ESG pressures, the global shift toward renewables, and uncertainty around long-term fossil fuel demand have led to underinvestment in new oil exploration and development. If existing capacity declines faster than new projects come online, a structural supply deficit could emerge, supporting higher prices even amid the energy transition.
FreshForex analysts believe that, given ongoing geopolitical risks, strict OPEC+ policies, and underinvestment in production, the oil market is nearing a potential upward reversal. A modest uptick in demand or increased tension could be enough to put oil back on a growth trajectory.
GOLD Potential ReversalIt appears that we've reached a significant top in the market, with price action showing signs of a potential dump. Liquidity has been taken out at this level, and we are now looking at lower price targets, which align with the lines below, marking new liquidity points. These areas could serve as key support levels as the market tests them for further reaction.
The price structure suggests a possible drop to the target zones around 3,300 / 3,200 & 2970 where we could see renewed buying interest. Stay cautious as we approach these levels, as they may present opportunities for short entries ahead of the market correction.
Keep an eye on the evolving price action for further confirmations.
Silver Analysis: Bearish Continuation Toward $31 Support ?🧠 Chart Context & Setup
Chart Type: Candlestick
Timeframe: Likely 4H or Daily
Indicators Used:
EMA 50 (Red) — 32.814
EMA 200 (Blue) — 32.559
🔍 Key Technical Levels
Resistance Zone: 33.600 – 33.950
Price faced repeated rejection in this zone, confirming it as a valid supply/resistance area.
Support Zone: 30.600 – 31.100
Marked as the next potential demand zone, aligning with previous accumulation and reaction levels.
Current Price: ~32.618
Just below the 50 EMA and slightly above the 200 EMA.
🔄 Market Structure
The market experienced a strong bearish impulse in early April, followed by a bullish correction that reclaimed the 200 EMA.
Multiple internal liquidity (INT.LQ) sweeps were taken before forming a potential lower high (LH) at the resistance zone.
The recent bearish move broke below the EMAs and previous structure, indicating a possible shift back to bearish momentum.
📉 Bearish Scenario Outlook (Most Probable as of Now)
The chart shows a projected lower high formation, likely leading into a continuation of the bearish move.
If price fails to break back above 32.800–32.900, we could expect a sell-off toward the support zone (30.600–31.100).
This move aligns with:
Breakdown below EMAs
Failed bullish continuation
Rejection from a strong resistance zone
🧭 EMA Analysis
EMA 50 > EMA 200, but the price is now sandwiched and showing signs of weakness.
If price sustains below both EMAs, momentum is likely to favor bears in the short to medium term.
⚠️ Risk Factors to Watch
Any strong bullish engulfing candle reclaiming the 33.000 zone could invalidate the bearish thesis.
Fundamentals like USD volatility, inflation data, or geopolitical tension could impact Silver drastically.
✅ Conclusion
The chart currently suggests a bearish continuation setup, with the potential for price to revisit the $31.00–$30.60 support zone after rejecting resistance. A retest of broken structure around 32.700–32.800 might provide an ideal entry for sellers.
Silver – Bearish Move Toward Support🧠 Market Overview:
Instrument: Likely Silver (based on file name).
Chart Context: The price is currently trading below both the 50 EMA (red) and 200 EMA (blue), indicating bearish momentum and a possible shift in market structure.
📊 Key Technical Components:
🔹 Exponential Moving Averages (EMA):
50 EMA (32.614) is above the 200 EMA (32.526) but both are above the current price.
This crossover is recent and could indicate the beginning of a larger downtrend if confirmed by continued price action below both EMAs.
🔹 Market Structure:
POI (Point of Interest) marks a previous swing high where selling pressure emerged.
The chart shows internal liquidity (INT.LQ) sweeps both above and below consolidation areas, hinting at smart money manipulation to grab liquidity before making a move.
🔹 Resistance Zone:
Clearly defined between approx. 33.4–34.0, where price was rejected after a failed attempt to break higher.
Multiple rejections from this zone show strong selling pressure.
🔹 Support Zone:
Sitting between approx. 30.8–31.2.
Price previously consolidated here before a bullish move, making it a likely target for a return test or a potential bounce.
📉 Bearish Scenario & Projection:
The price broke below a short-term structure and failed to hold above EMAs.
The current price action shows a bearish pullback likely to form a Lower High (LH).
The projected path shows a pullback to previous support-turned-resistance, followed by a breakdown targeting the support zone.
✅ Bias:
Short-term bias: Bearish
Medium-term bias: Bearish, unless price reclaims the 200 EMA and consolidates above the resistance zone.
🔍 Confluences Supporting Bearish Outlook:
Price below EMAs (dynamic resistance).
Failed higher highs with liquidity sweeps (indicating smart money selling).
Clear market structure shift to the downside.
Anticipated retest of support zone around 30.8–31.2.
Gold Price ActionHello traders! This is almost same setup or pattern as BTCUSD
If you look closely at the left side of the chart, you’ll notice multiple rejections from the same zone — forming a head-and-shoulders-style distribution. This area has now become a strong supply zone.
📌 What to Expect:
This is a high-probability short setup. If price taps into the supply zone again, it could trigger a strong move down, especially with liquidity already swept.
XAU/USD Market Outlook – Key Levels & Scenarios (May 2025)📊 Market Overview
Asset: XAU/USD (Gold vs. USD) – likely
Timeframe: 🕒 4H or Daily
EMAs:
🔴 50 EMA = 3,281 (short-term trend)
🔵 200 EMA = 3,179 (long-term trend)
🧱 Key Zones
🔺 Main Resistance Zone (🚫 Supply Area)
📍 ~3,320–3,400
🔍 Observation: Strong rejection zone with multiple failed attempts. 🚧 Price struggles to break and hold above here.
⚖️ Mid Support & Resistance Zone
📍 ~3,200–3,250
🧭 Current Action: Price is consolidating here. This is a key decision zone. A bounce or breakdown will likely decide the next big move. 🤔
🟦 Main Support Zone
📍 ~2,980–3,030
🛑 Observation: Major demand zone. If price falls here, it might attract buyers 👥 for a potential rebound.
📉 EMA Analysis
🔴 50 EMA is above 🔵 200 EMA → Trend still technically bullish ✅
🟡 BUT: Price is currently below 50 EMA, showing short-term weakness ⚠️
⚡️ 200 EMA is nearby (~3,179): Acting as dynamic support — a critical bounce zone! 🛡️
🔮 Scenarios
🐂 Bullish Path
✅ If price bounces from 3,200 support zone and reclaims 🔴 50 EMA:
🎯 Target: Retest of 3,320–3,400 🔺 zone
📈 Confirmation: Strong candle closing above 3,281 🔴 EMA
🐻 Bearish Path
🚨 If price breaks below 3,200 & 200 EMA:
🕳️ Expect drop towards 2,980–3,030 🟦 zone
📉 Confirmation: Candle closes below 3,179 with weak retest
✅ Conclusion
📍 Key Level to Watch: 3,200
⚖️ Market Sentiment: Neutral → Bearish bias unless price reclaims 50 EMA
🔒 Risk Tip: Avoid longs until price confirms bullish structure again 🔐
What adjustments will be made to oil prices?If traders don’t know how to trade, they can refer to the strategy of the Swing Trading Center. Earlier, it was announced to sell at 57.24. The lowest price reached around 56.3, and now the oil price has returned to 57.24. How to trade? If you are also confused, you can refer to the views of the Swing Trading Center.
At present, the supply of oil prices exceeds the demand, and some oil-producing countries will continue to increase the production of oil prices. The market has never recognized that oil will become a slow-selling product. Oil prices can be allowed to fall. But oil is not allowed to have no production capacity. I like this sentence.
Oil prices are expected to be mainly adjusted in the short term. The clear trading instructions have been announced in the Swing Trading Center. Stay tuned. Prevent missing good trading opportunities.
Gold (XAU/USD) Analysis – Technical + Fundamental OutlookTechnical Outlook
Gold is currently trading inside a descending channel and has reached the midline, which is acting as dynamic resistance.
📍 Key Levels:
Resistance: 3310 – 3320 (aligned with the midline of the channel) – price has not yet confirmed a breakout above this zone
Next Bullish Targets: 3350 – 3358 / 3385 – 3390
Support Zone: 3270 – 3280 (potential bullish re-entry area)
🟣 All key price levels are marked on the chart with light purple lines for clarity.
🟠 RSI is near 65, showing bullish momentum but approaching overbought territory, signaling a possible short-term pullback.
🔁 Likely scenario: A minor correction toward 3270–3280 followed by continuation toward 3350+ if support holds.
Fundamental Context
The ISM Services PMI came in stronger than expected (51.6 vs. 50.2 forecast), reflecting economic resilience in the U.S. This typically supports the USD and weighs on gold, but:
Rising tariff threats from Trump raise recession concerns.
Services Prices Index rose to 65.1, signaling growing inflation pressures.
These inflation concerns may impact the Fed’s upcoming rate decisions.
Central bank demand and geopolitical risks continue to support gold medium-term.
Summary
Despite being inside a descending channel, gold is showing short-term bullish strength. A confirmed break above 3320 could open the way toward 3350+. Otherwise, a pullback to the 3270–3280 area may offer the next setup.
Israel-Houthi conflict could put gold back on the bull run🗞News side:
1. The Israeli president said that they are on the eve of a "large-scale attack on the Gaza Strip"
2. The Houthi armed forces stated that all Israeli airports are their targets
3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict
📈Technical aspects:
From a technical point of view, the current 1H moving average of gold is spreading upward, resulting in a small retracement. The short orders we hold are also closed in time at 3310 to lock in profits. After gold broke through the previous range, the upward channel opened. The 4H MACD diverged from the bottom, the golden cross and the green column enlarged, opening upward, and the overall 4H trend was bullish. Moreover, the support effect of the middle rail of the Bollinger Bands is obvious, and the gold price is accumulating strength below the upper rail of the Bollinger Bands, with strong upward momentum. Pay attention to 3310. After the support stabilizes, you can consider participating in long positions near 3310-3320, focusing on the 3290 line below; focus on 3375 above, and then consider participating in short sales near 3355-3365 after the pressure is under.
If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
Gold Price ActionHello, Currently, price is in a Compression Phase after a strong Resistance Breakout (RBO). This tight consolidation is creating liquidity on both sides—setting up for a potential breakout.
What to Watch:
Compression Phase = Liquidity Building
Price is moving within a narrow range, trapping traders and stacking orders above and below.
We're waiting for a clean breakout of this range.
After the breakout, price is likely to retrace back toward the base (marked zone) before making a strong move toward the Buy Side Liquidity (BSL).
🎯 Trade Plan:
Wait for the compression to break. A return to the base zone could offer an entry, with BSL as the target (TP).
⚠️ Stay patient and avoid early entries—let the breakout confirm the move.
✅ Patience is key—wait for confirmation and manage risk smartly.
After a period of fluctuation, it will continue to decline.WTI crude oil has recouped part of the decline from the sharp drop at the start of this week. It was quoted at $57.55 per barrel during intraday trading. OPEC+ has unexpectedly increased production again, and WTI crude oil has continued the bearish trend that has gradually taken shape since March. With the increase in global supply and the rise in macro risks, the downward price range has emerged once again. If the tensions in the Middle East escalate further, it may trigger market volatility. The eight core member states of the organization, led by Saudi Arabia, have agreed to increase daily production by 411,000 barrels in June, which is the same as the unexpected production increase in May. The cumulative production increase now exceeds 800,000 barrels per day, marking an important step towards canceling the target of the voluntary production cut of 2.2 million barrels per day that has been promised since 2022. Crude oil showed a trend of rising first and then falling today. After breaking through a new low, the upward movement continued. It faced resistance after reaching
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our Bullish target at 3260 hit, followed with ema5 cross and lock opening 3308. This was hit perfectly also completing this target.
We are now seeing ema5 lock above 3308 opening 3340. Any rejections on this zone will see price testing the lower Goldturns for suport and bonce inline with our plans to buy dips within the overall structure.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3260 - DONE
EMA5 CROSS AND LOCK ABOVE 3260 WILL OPEN THE FOLLOWING BULLISH TARGETS
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3340
EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGET
3382
EMA5 CROSS AND LOCK ABOVE 3382 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
BEARISH TARGETS
3217
EMA5 CROSS AND LOCK BELOW 3217 WILL OPEN THE BEARISH TARGETS
3174
EMA5 CROSS AND LOCK BELOW 3174 WILL OPEN THE SWING RNGE
3126
3078
EMA5 CROSS AND LOCK BELOW 3078 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3034 - 2979
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD: Short Signal Explained
GOLD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 3311.9
Stop - 3324.4
Take - 3287.1
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Hanzo | Gold 15 min 3315 – Next is bearish Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bearish Reversal at 3317
We are watching this zone closely. Expecting Reversal
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3265
• Liquidity Grab + CHoCH at 3318
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3325 – Proven resistance
🩸 Key Zones to Watch:
• 3272 – 🔥 Bullish breakout level X 7 Swing Retest
• 3325 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3328 – Equal highs
USOIL Today's strategyFrom a technical perspective, if USOIL can take advantage of the weakening of the DXY, stabilize and rebound near the current price, and break through the key resistance level, it may be able to form an upward trend. However, if it fails to effectively withstand the impact of the production increase by OPEC+, and breaks below the key support level, the price is likely to decline further.
Currently, it is necessary to closely monitor the competition around the price level of $55. If this level can be held, the probability of a rebound will increase. Once it is broken, the next support level may be around the $53 area. At the same time, continuously tracking the trend of the DXY and the subsequent policy dynamics of OPEC+ is of vital importance for judging the future trend of USOIL.
USOIL
buy@55-56
tp:57.5-58.5
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
GOLD H1 / 3285 USD & 3155 USD key BUY/SELL Levels🏆 Gold Market Mid-Term Update
📊 Technical Outlook Update
🏆 Market Overview
▪️correction in progress
▪️3285 USD overhead resistance
▪️Multiple waves of selling in progress
▪️Rejection at 3500 USD key S/R
▪️3155 USD logical next target short-term
▪️flagging on lower timeframe
▪️waves of profit taking pulling prices down
▪️3285 USD a good level to SHORT
▪️3145/3155 USD will be targeted by BEARS
▪️BULLS wait to BUY/HOLD low later
▪️Once the pullback/correction is over
📊 Gold Market Summary – May 5, 2025
🟡 Current Price: $3,266.20 (+0.82%)
📉 Weekly Close: $3,247.40 (flat for the week after sharp swings)
🇺🇸 US Jobs Data: 177K jobs added in April, earnings growth slowed to 0.2%. Market now watching Fed for rate cut signals.
🏦Fed Outlook: Mixed data fuels speculation on policy shift. Analysts see gold’s pullback as a new buying opportunity.
🌏Asian Demand: China and India remain key forces in price direction, alternating as major buyers.
📦Tariff Watch: Ongoing U.S.-China trade tension continues to weigh on risk sentiment, keeping gold in play.
🛑Geopolitics: No major updates on Iran-U.S. talks, India-Pakistan, or Russia-Ukraine ceasefire yet. These remain key risk triggers.
📈 Market Sentiment: Despite volatility, investor outlook stays bullish. Analysts eye mid-term targets above $4,000 if conditions align.
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold starting the week with some bullish momentum. We've seen a 'BOS' to the downside, which is now being followed by a retest of a supply zone. This zone can either be around $3,317 (0.618% Fib) or higher around $3,400 zone (0.365% Fib).
Don't forget we're in a 'Wave 4 Correction' of the Elliott Wave Theory strategy. Wave 4 always has choppy price action to trap in late buyers & early sellers.
XAU/USD - Channel Breakout (05.05.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3321
2nd Resistance – 3357
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SPY/QQQ Plan Your Trade For 5-5-25 : GAP Reversal PatternToday's pattern suggests the SPY will open with a GAP range from yesterday's candle Body and attempt to reverse the trend we saw last week.
I believe this move will resolve to the downside, as I've been warning of the May 2-5 Major Bottom for many weeks.
I believe the extended uptrend over the last few weeks was pure speculation related to Q1 US earnings. It is hard to argue that traders playing into the Q1 earnings boost didn't play the right side of the trend after watching the markets rally over the past 2+ weeks. But, I still believe the markets will consolidate and attempt to move downward over the next 10- 20+ days.
The one thing that we have to understand is Q1 was almost on auto-pilot from Biden's economy/spending until Trump threw a curveball at the global markets with tariffs.
I don't believe the US & global markets have truly priced in a global -25% to -45% economic contraction because of the ongoing tariff negotiations. It has been reported that shipping rates are down 60% in China. I believe we still need another 30-60+ days to work out the tariff issues and to allow the markets to settle into proper expectations for future economic output/growth.
Because of this, I continue to urge traders to stay cautious.
Sitting on CASH right now (only trading 20% of your total capital) is probably the smartest thing you can do at the moment.
I still expect the July and October 2025 lows to be the base/bottom of the markets, leading to a stronger upward price trend.
Right now, I've very cautious we've just seen a "dead-cat bounce" off recent lows because of Q1 earnings expectations.
Now that we've passed most of the Q1 data - we are staring at Q2 & Q3. What comes next.
I believe Gold/Silver will continue to price in extreme risk factors - resulting in a strong rally through May and into June.
I believe Bitcoin will stall and move back down to the lower consolidation range.
Let's see how things play out this week.
Get some.
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XAUUSD - Gold Trend Before FOMC!Gold is trading above its EMA200 and EMA50 on the 4-hour timeframe and is trading on its uptrend line. A continued upward move in gold will put it in the supply zone, where it is possible to look for short positions. A downward correction in gold will also open up long positions.
Gold traders endured another turbulent week, marked by the second consecutive decline in prices—once again underscoring the market’s acute sensitivity to economic news and developments.
Adrian Day, CEO of Adrian Day Asset Management, offered a cautiously humorous take on the situation by likening it to the Peggy Lee song that asks, “Is that all there is?” He pointed out that gold has pulled back by over 7% from its recent high in less than two weeks.Although this correction is notable, it hasn’t been deep enough to flush out all short-term traders or weak-handed investors from the market.
Day added that rising fears of a U.S. recession—which typically exert early downward pressure on gold—alongside the possibility of easing U.S.-China trade tensions, may limit investment demand for gold in the short term. Concluding his comments, he maintained a cautious stance, saying that further downside remains likely and that his outlook for the coming week is bearish.
Meanwhile, U.S. President Donald Trump, in a new interview with NBC, addressed several key economic and political issues. He stated that if necessary, the deadline for selling TikTok would be extended, and some tariffs on Chinese goods might become permanent. Nevertheless, he indicated that he is also considering reducing certain tariffs in the future.
Trump emphasized that small businesses do not require additional assistance and that the Federal Reserve should cut interest rates. He confirmed that Jerome Powell will remain Fed Chair through the end of his term in 2026. He also mentioned potential successors for his own position, naming Vance and Rubio as possibilities.
After a week dominated by employment data, the upcoming week will be entirely focused on monetary policy. The centerpiece will be the May FOMC meeting, the Fed’s rate decision, and Jerome Powell’s press conference on Wednesday. While markets broadly expect the Fed to hold rates steady, Powell’s official remarks and answers to press questions—especially following his sharp tone earlier in April—will be under close scrutiny.
It is widely expected that the Federal Reserve will leave its key interest rate unchanged on Wednesday, as policymakers assess how President Trump’s tariffs gradually impact various sectors of the economy. Markets are currently pricing in a potential rate cut starting in July. The Fed’s dual mandate is to maintain low inflation and high employment, and it may face a dilemma if tariffs negatively affect both indicators, as many economists now warn.
Immediately following the Fed meeting, senior policymakers including Barr, Kugler, Waller, and Cook will travel to Iceland to attend the Reykjavik Economic Conference. On Friday, they will participate in panels discussing artificial intelligence, labor market trends, and monetary research—topics that could offer insights into the Fed’s long-term policy direction.
Simultaneously, traders are also awaiting two key reports: the ISM Services Index for May, due today, and weekly jobless claims figures set for release on Thursday. Together, these reports will help complete the picture of the U.S. economy as critical monetary policy decisions approach.