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Fundamental Market Analysis for June 6, 2025 GBPUSDThe GBP/USD pair is trading near 1.3570 with little movement ahead of the US (US) labor market data. The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is trading above around 98.80 at the time of writing. The upcoming US non-farm payrolls data for May is expected to add 130,000 jobs, down from April's 177,000. The unemployment rate is also expected to remain unchanged at 4.2%. Weekly initial jobless claims rose to 247,000, above the 235,000 expected, U.S. Labor Department data showed. ADP US private sector employment data released on Thursday showed a 37,000 increase in May versus a 60,000 increase (revised from 62,000) recorded in April, well below market expectations of 115,000. GBP/USD is gaining support as the Pound Sterling (GBP) finds support amid rising risk sentiment in the United Kingdom (UK) markets following US President Donald Trump's executive order signed on Tuesday. British exporters still face the previous 25 percent tariff rate as Trump granted the UK temporary relief from the US' stiff 50 percent tariffs on steel and aluminum. Trading recommendation: SELL 1.3500, SL 1.3600, TP 1.3300
Short
by Fresh-Forexcast2004
Bitcoin Brewing - A large move is coming!Bitcoin has been under pressure over the last few trading sessions. Despite the equity markets going higher this asset is stuck in a holding pattern. We are currently forming a wedge pattern that has given us a directional bias to trade. Price action is at a 50/50 in terms of falling lower or rallying higher. Being the fact that the bulls have been forming higher lows & higher highs, we have to give them due respect. However understand this BTC is showing some distribution signs and is likely going to have a decent selloff within the next 15-45days. We may have 1 more spike higher but we may not. 1 note of interest is the 7day & 20 day moving average just signaled a bearish crossover which is something you need to monitor closely. I do think the upside is limited to about 115K if we have 1 more move higher.
BITSTAMP:BTCUSD
by Trading-Capital
Fundamental Market Analysis for June 3, 2025 GBPUSDThe GBP/USD pair attracted sellers during Tuesday's Asian session and broke part of a strong overnight move up towards the 1.3560 area, or multi-day peak. The U.S. Dollar Index (DXY), which tracks the dollar against a basket of currencies, rebounded from a six-week low reached on Monday and proved to be a key factor putting downward pressure on the GBP/USD pair. In addition, concerns over the deteriorating US fiscal situation and renewed trade tensions between the US and China should help limit USD gains. The British Pound (GBP), on the other hand, may continue to receive support from expectations that the Bank of England (BoE) will take a pause at its next meeting on June 18 and will not rush to cut interest rates further. Traders may also prefer to wait for the hearing of the Bank of England's monetary policy report in Parliament. Investors will be closely watching comments from Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee (MPC) for information on the policy outlook, which in turn will influence the GBP exchange rate. Trading recommendation: SELL 1.3495, SL 1.3595, TP 1.3295
Short
by Fresh-Forexcast2004
Persistent concerns about the US economy are weighing on the DXY US-China tensions deepened as President Trump criticized China’s rare earth exports and threatened broader tech restrictions and visa cancellations for Chinese students. He also vowed to double tariffs on foreign steel to 50% to strengthen the US steel industry. April headline PCE inflation eased to 2.1% (prev. 2.3%, cons. 2.2%), partly soothing tariff-related inflation concerns. DXY broke below the 99.00 threshold and dropped to a 6-week low. EMA21 is widening its gap with EMA78, suggesting a potential extension of the bearish structure. If DXY breaks below the support at 98.00, the index may decline further to 97.00. Conversely, if DXY reclaims the resistance at 99.00 and breaches above EMA21, the index could advance to 99.50.
TVC:DXY
by inkicho_exness
1. "What do you think — is DXY ready to fly or fall?"DXY 4H Analysis – Decision Time for the Dollar? After completing a falling wedge with a clean 5-wave Elliott structure, the U.S. Dollar Index is approaching a key demand zone. Will buyers step in to push price toward the bullish target near 106 📈? Or will we see another rejection from the supply zone and a deeper drop to 94? 📉 Wave A or Wave B? Market structure shows signs of reversal, but confirmation is still pending a break of resistance or further rejection. 👉 What do you think — bounce or breakdown? Comment your view below ⬇️ Let’s see who’s riding the next big wave 🌊 #DXY #USD #ElliottWave #SupplyAndDemand #GreenFireForex #ForexAnalysis #WaveTheory
TVC:DXY
by Greenfireforex
DXY 4H Breakout? Bulls Eye Momentum Shift!Hey There; The U.S. Dollar Index (DXY) appears to have reached a critical turning point from a technical analysis perspective. According to Elliott Wave Theory, following a five-wave downtrend, the AB corrective wave has been completed, and a bullish movement towards the C wave is emerging. This scenario could signal a transition from a bearish market to a bullish one. Technical Outlook: - A move towards 104.460 on the DXY may indicate that the market is entering a strong recovery phase. - The completion of the AB corrective wave suggests that buyers are stepping in, driving upward momentum in price action. - The C wave typically retraces a portion of the prior decline, creating potential for a higher price level. Macroeconomic Factors: - U.S. monetary policy and inflation data remain key determinants of the dollar index’s trajectory. - Increased global risk appetite may bolster the dollar’s appeal as a safe-haven asset. - U.S. Treasury yields could provide additional support for DXY’s upward movement. If DXY successfully reaches 104.460, this could confirm a shift into a bullish trend. However, the strength and sustainability of the C wave will depend on supportive volume and momentum indicators. The interplay between technical and fundamental factors could drive a solid recovery in the dollar index. Should this scenario unfold, it may mark the beginning of a renewed period of dollar strength against global currencies. However, market dynamics and macroeconomic developments must be monitored closely to validate this outlook. Guys, every single like from you is my biggest source of motivation when it comes to sharing my analysis. A huge thank you to everyone who supports me with their likes!
CAPITALCOM:DXY
by TraderTilki
1
EUR/USD Drifts Lower as Dollar ReboundsEUR/USD is struggling to hold onto Thursday’s rebound from the 1.1200 region—its lowest in nearly 10 days—and trades with a slight bearish bias in Friday’s Asian session. The pair is hovering near the mid-1.1300s, down around 0.15% on the day. The US Dollar regained some ground due to renewed safe-haven demand after a federal appeals court reinstated former President Trump’s broad trade tariffs, injecting fresh uncertainty into the markets. However, the dollar’s momentum remains limited by concerns over the US fiscal outlook and expectations of Fed rate cuts in 2025. The euro finds partial support as Trump postponed tariffs on EU imports. Market focus now shifts to the upcoming US PCE inflation data, which may influence Fed policy expectations, followed by next Thursday’s ECB meeting for further direction. Resistance is seen at 1.1400, with higher levels at 1.1460 and 1.1500. Support is located at 1.1300, followed by 1.1260 and 1.1210.
by ChartMage