Gold (XAU/USD) Faces Persistent Selling Pressure

By Analytical Department RoboForex

Gold (XAU/USD) fell to 4,174 USD per troy ounce on Wednesday, reaching its lowest level since late March.

Pressure on the precious metal intensified following a new escalation of tensions in the Middle East. The US launched strikes against Iranian targets after reports that an American helicopter had been shot down. This latest development has once again raised doubts about the durability of the current truce and the prospects for a broader peace agreement.

Another key factor remains the situation surrounding the Strait of Hormuz. Ongoing disruptions to shipping through the region continue to constrain energy supplies and support elevated oil prices. These disruptions, in turn, are fuelling concerns that inflationary pressures across the global economy may persist for longer than expected.

Higher energy costs are prompting investors to reassess the monetary policy outlook for major central banks. Markets are increasingly pricing in a prolonged period of elevated interest rates and are no longer ruling out additional policy tightening if inflation remains stubbornly high.

Investor focus is now on upcoming US inflation data, which could provide important clues regarding the Federal Reserve’s next steps. The US dollar is also receiving support from strong labour market figures, which have reinforced expectations that the Fed could consider another interest rate increase before the end of the year.

As a result, the outlook for Gold (XAU/USD) remains broadly bearish.

Technical Analysis

On the H4 chart, XAU/USD is trading within a consolidation range around the 4,393 USD level before breaking lower and extending its decline to 4,175 USD. A corrective rebound towards 4,390 USD is possible in the near term, after which the market may resume its decline towards 4,238 USD, with scope for a further move to 4,088 USD.

The MACD indicator confirms the prevailing bearish momentum. Its signal line remains below the centre line and continues to point firmly downwards, although early signs of a potential reversal are emerging.

On the H1 chart, the market broke below the 4,270 USD level and moved lower towards 4,175 USD. A corrective recovery towards 4,329 USD, as a retest from below, is possible before another decline towards 4,088 USD. After that, a broader rebound towards 4,390 USD may develop.

The Stochastic oscillator supports this scenario. Its signal line remains below the 20 level but is beginning to turn upwards towards 80, indicating that a short-term corrective recovery may be gathering momentum.

Conclusion

Gold remains under significant pressure as geopolitical tensions, elevated energy prices, and expectations of prolonged restrictive monetary policy continue to support the US dollar. While technical indicators suggest a short-term corrective rebound, the broader outlook remains bearish unless market sentiment or inflation expectations change materially.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

The US technology sector once again came under a wave of selling

By JustMarkets 

By the end of the day, the Dow Jones Index (US30) rose by 0.17%. The S&P 500 Index (US500) fell by 0.26%. The Technology‑heavy NASDAQ Index (US100) closed lower by 1.12%. The technology sector once again came under a wave of selling. Notably, the decline occurred despite a positive external backdrop in the form of falling global oil prices. The main reason for the negative close was that Monday’s rebound in semiconductor stocks completely faded, and investors returned to profit‑taking.

The sector ETF iShares Semiconductor ETF (SOXX) lost more than 3% by the end of the session, giving back a significant portion of yesterday’s 6% gain. Investor nervousness in the chip sector intensified after the fund suffered its biggest drop in six years last Friday – a 10% plunge driven by concerns over overheating valuations of companies linked to artificial intelligence.

Mexico’s annual inflation rate fell to 3.94% from 4.45% the previous month, hitting a four‑month low and returning to the Bank of Mexico’s target range (3% ±1%). This was supported by expanded government subsidies and tax incentives on fuel, which successfully insulated the domestic energy sector from the global commodity shock triggered by the recent conflict in the Middle East. The return of headline inflation to the target corridor significantly eases pressure on the Bank of Mexico and strengthens market expectations of a possible resumption of interest‑rate cuts at upcoming meetings.

European indices mostly declined yesterday. By the end of the day, Germany’s DAX (DE40) fell by 0.74%, France’s CAC 40 (FR40) closed with a 0.05% gain, Spain’s IBEX 35 (ES35) dropped by 0.27%, and the UK’s FTSE 100 (UK100) ended the session down by 1.41%.

Global oil prices (WTI) fell by roughly 3%, dropping below $86 per barrel. This marked the lowest price level since April 17 of this year. The main driver of the decline was the long‑awaited agreement between Israel and Iran to halt mutual attacks following the recent escalation. Strong pressure on oil prices also came from fundamental supply‑and‑demand factors. Fresh Chinese customs data showed a collapse in crude oil imports last month to 7.8 million barrels per day. This is China’s worst reading in eight years and nearly 4 million barrels per day below the average level of 2025.

On Friday, Japan’s Nikkei 225 (JP225) rose by 2.17%, China’s FTSE China A50 closed higher by 1.22%, Hong Kong’s Hang Seng (HK50) fell by 0.37%, and Australia’s ASX 200 (AU200) declined by 0.24%.

The offshore yuan (CNY) strengthened to around 6.77 per US dollar. Market participants actively analyzed fresh May inflation data from China, which reflected a deep divergence between the consumer and industrial sectors. Consumer inflation (CPI) in China rose by 1.2% year‑on‑year in May, slightly below the analyst consensus of 1.3%. In contrast, the industrial sector saw a powerful price rally: the Producer Price Index jumped to 3.9% year‑on‑year in May compared with 2.8% in April. This is the highest reading since July 2022, confirming a confident exit of China’s heavy industry from a prolonged period of deflation. Further pass‑through of these costs into final goods could hit domestic consumption even harder, although current consumer frugality is still restraining this negative scenario.

The Australian dollar held near a nine‑week low below 0.705 USD. Pressure on risk assets resumed after the fragile Middle East ceasefire came under threat due to new US strikes on Iran and accusations by President Donald Trump regarding the destruction of a helicopter in the Strait of Hormuz. Another round of escalation triggered a spike in energy prices, intensifying global inflation concerns and raising the risk of a prolonged period of high interest rates worldwide. Domestically, the situation is worsened by a sharp deterioration in consumer sentiment in June amid the ongoing rise in the cost of living and fuel prices. Under these conditions, market attention is focused on next week’s Reserve Bank of Australia meeting, where – despite inflationary pressure – monetary policy settings are expected to remain unchanged.

S&P 500 (US500) 7,386.65 -19.08 (-0.26%)

Dow Jones (US30) 50,872.11 +86.10 (+0.17%)

DAX (DE40) 24,433.06 -183.16 (-0.74%)

FTSE 100 (UK100) 10,227.33 -145.87 (-1.41%)

USD Index 99.94 -0.10 (-0.10%)

News feed for: 2026.06.10

  • Japan Producer Price Index (m/m) at 02:50 (GMT+3) – JPY (MED)
  • China Consumer Price Index (q/q) at 04:30 (GMT+3) – CHA50, HK50 (MED)
  • China Producer Price Index (q/q) at 04:30 (GMT+3) – CHA50, HK50 (LOW)
  • Norway Inflation Rate (m/m) at 09:00 (GMT+3) – NOK (MED)
  • US Consumer Price Index (m/m) at 15:30 (GMT+3) – USD, XAU (HIGH)
  • Canada BoC Interest Rate Decision at 16:45 (GMT+3) – CAD (HIGH)
  • Canada BoC Press Conference at 17:30 (GMT+3) – CAD (HIGH)
  • US Crude Oil Inventories (w/w) at 17:30 (GMT+3) – WTI (HIGH)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

5 ways data centers endanger their local communities and the country as a whole

By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George Mason University 

Every internet search, streamed video and AI-generated response depends on a data center somewhere. Driven by rapid growth in artificial intelligence, cloud computing and cryptocurrency, data centers have become the backbone of the modern digital economy. But though their key role is in enabling virtual and remote experiences, data centers are physical buildings in real communities around the nation and the globe.

The United States hosts more than 4,000 data centersmore than any other country. The U.S. Department of Energy expects that, taken together, all U.S. data centers will consume as much as 12% of all U.S. electricity by 2028. In 2023, data centers consumed about 4.4% of total U.S. electricity – roughly 176 terawatt-hours.

In the U.S., Virginia has more data centers than any other state – over 600, two-thirds of which are in the northern Virginia suburbs of Washington, D.C. In 2023, the state’s data centers consumed about 26% of Virginia’s total electricity supply – a higher share than in any other state.

We study science communication, climate science and public health, so we wanted to understand how data centers in Virginia affect the people who live near them and the broader public.

We found that the data centers that already exist affect nearby residents and the nation as a whole in five main areas: air quality, water quality, noise levels, land use and energy costs.

Air pollution

Data centers generally operate 24/7 and consume enormous amounts of electricity, which must be generated somewhere – either near the data center or farther away.

When fossil fuels are burned to generate that power, they emit a wide range of air pollutants, including those linked to lung disease, cardiovascular disease, stroke and neurological conditions. They also emit heat-trapping pollution that causes global warming and climate change, which, in turn, worsens air pollution further.

Generating power for U.S. data centers in 2023 emitted the equivalent of 2.2% of the nation’s greenhouse gas emissions. Other air pollutants emitted from fossil-fuel combustion are associated with increased risk of ADHD and autism in children and risks of Parkinson’s and Alzheimer’s diseases in older adults.

Unless the energy powering data centers comes from clean energy sources, such as solar, wind or geothermal, generating that electricity also pollutes the air. People who live near fossil-fuel burning power plants, whether in communities that also host data centers or in distant states, are exposed to air pollution. And during electrical outages, on-site diesel generators kick in, releasing large amounts of air pollution that can harm data center employees and nearby residents alike.

Water consumption and pollution

Data centers require vast quantities of water to cool their servers. Globally, they are projected to consume between 4.2 billion and 6.6 billion cubic meters of water annually by 2027. In the United States, data centers already rank among the top 10 industrial water users.

In northern Virginia, data center water use has risen sharply. In Loudoun County alone, just northwest of D.C., potable water use by data centers more than doubled between 2019 and 2023, while facilities across northern Virginia consumed nearly 2 billion gallons of water in 2023.

This demand can strain local rivers, aquifers and municipal water systems, even in regions like the mid-Atlantic that are not usually prone to drought, but especially in regions like the U.S. Southwest that face persistent droughts.

Noise pollution

Data centers’ continuous operation means that cooling systems, including air chillers and cooling fans, generate a persistent humming sound around the clock – as do any generators that are in use to provide power.

In northern Virginia, some residents have complained about an industrial-scale “drone” or “hum.” Measurements at the data centers that were the subject of complaints found noise levels were between 40 and 59 decibels on residential property.

Those noise levels are quieter than a conversation with someone 3 feet away and not loud enough to damage people’s hearing or violate local noise ordinances. But they are close to levels the EPA says reduce people’s ability to work, sleep and exercise. Some people have complained that data center noise has given them trouble sleeping and concentrating, and some have said they avoid using their homes’ outdoor spaces, where the noise is louder.

Land use and community well-being

Data center expansion often targets land near green spaces, agricultural areas or rural communities where developers can secure affordable land with access to existing electricity supplies.

Converting green space into industrial facilities can diminish health benefits associated with being in and near natural environments, including opportunities for physical activity and improved mental well-being.

In Virginia, residents living near data center construction have reported increased exposure to truck traffic and diesel exhaust, which can contribute to respiratory and cardiovascular health risks, especially in children and older adults. While these effects are typical of large construction projects, they can be amplified when several data centers are clustered together.

In places like Prince William County, Virginia, developers have proposed data centers on roughly 2,400 acres of undeveloped land in the Rural Crescent, an area designated by the county’s planners to remain relatively undeveloped. Those data centers could transform open space and rural farmland into industrial zones, disrupting communities with long-standing ties to the land.

Rising energy costs

As data centers increase electricity demand, they put upward pressure on energy prices across the grid. A 2024 Virginia legislative report found that the state’s typical residential electricity bill could rise by $14 to $37 per month by 2040 because of grid strain tied to data center growth – a 9% to 25% increase over current average bills, and a figure that does not factor in potential inflation.

These higher costs are paid by all consumers, but they place a greater burden on families that are most economically distressed, who also tend to have more health problems. Lower-income families spend a higher share of their budget on electricity, and when bills rise, the consequences can include reduced access to adequate heating and cooling, increased risks of heat-related illness and cold-related cardiovascular stress, as well as difficult choices between paying for energy and food or healthcare.

What can be done

Many of these health harms can be mitigated through better planning and design.

Increasing the share of renewable energy used to power data centers would help reduce air pollution and associated health harms.

Using recycled water in targeted systems that cool individual server rows or racks rather than whole buildings can significantly reduce cooling energy demand, with some studies estimating reductions of up to 29%.

On noise, a Leesburg, Virginia, data center reduced low-frequency tonal noise by reengineering its fan mounts.

And on energy costs, requiring large-scale data centers to cover more of the grid costs they create could help protect residential customers from higher electricity bills.

The world’s digital infrastructure runs through data centers, and that is not changing. We believe that expanding this infrastructure without protecting the health of surrounding communities is an unacceptable option.The Conversation

About the Authors:

Neha Gour, Ph.D. Candidate in Science Communication, George Mason University; Ed Maibach, Distinguished University Professor Emeritus of Communication, George Mason University, and Luis Ortiz, Assistant Professor of Atmospheric, Oceanic and Earth Sciences, George Mason University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

China has shifted to using its own strategic oil reserves

By JustMarkets 

On Monday, the US stock indices showed mixed dynamics, with the technology sector beginning to actively recover after Friday’s devastating sell‑off. By the end of the day, the Dow Jones Index (US30) fell by 0.06%. The S&P 500 Index (US500) rose by 0.30%. The NASDAQ Technology Index (US100) closed higher by 1.58%. The main driver of the rebound was the return of optimism regarding AI infrastructure and massive buying of cheaper semiconductor assets. Additional support for sentiment came from signs of de‑escalation in the Middle East: reports of halted mutual strikes between Iran and Israel, as well as Donald Trump’s statement about continued negotiations, allowed WTI oil prices to correct downward, losing their morning gains.

In the chipmaker sector, the leaders of the previous session’s decline moved to confident growth: Micron Technology shares jumped 9.9%, AMD rose 5.1%, Broadcom recovered part of its losses, rising 2.8%, and Nvidia gained 1.7%. Tesla shares also had a strong session, rising 4.6%.

European indices closed mixed. By the end of the day, Germany’s DAX (DE40) fell by 0.58%, France’s CAC 40 (FR40) closed down 0.23%, Spain’s IBEX 35 (ES35) declined by 0.66%, while the UK’s FTSE 100 (UK100) ended the trading session slightly higher at 0.05%. A positive driver for the stock market was the temporary easing of geopolitical tensions: Iran announced the end of its current military operation against Israel, and Tel Aviv paused its retaliatory strikes, allowing the US to resume mediation talks with Tehran. Against this backdrop, yields on European government bonds declined, supporting a rebound in industrial and cyclical stocks.

The oil market saw large‑scale intraday volatility. During Asian trading, futures for US light crude WTI surged to 95 dollars per barrel amid news that Iran’s missile strikes on Israel had disrupted a fragile ceasefire. However, by the end of the session, prices sharply corrected downward, falling to 91 dollars per barrel after Tehran’s official statement announcing the cessation of military operations against Israel. The market was further cooled by comments from US President Donald Trump, who reported progress in dialogue with Iran and the proximity of a new agreement. In addition to diplomatic de‑escalation, prices were pressured by fundamental supply‑and‑demand factors. OPEC+ ministers approved a planned increase in production quotas in July by 188,000 barrels per day, ignoring local geopolitical risks. At the same time, the market absorbed weak statistics from Asia: China sharply reduced imports of raw materials from abroad. Due to high prices and risks in the Strait of Hormuz, the largest Asian consumer shifted to using its own strategic oil reserves, which significantly limited purchases on the spot market and eased pressure on global hydrocarbon supply.

On Friday, Japan’s Nikkei 225 (JP225) fell by 3.85%, China’s FTSE China A50 closed down 1.59%, Hong Kong’s Hang Seng (HK50) declined by 1.22%, and Australia’s ASX 200 (AU200) did not trade yesterday.

The offshore yuan (CNY) exchange rate showed remarkable stability, holding near 6.78 per US dollar. The national currency was supported by strong fresh data. China’s export sector demonstrated phenomenal resilience: in May, export volume jumped 19.4% year‑over‑year, reaching a historic high of 376.8 billion dollars. On the other hand, China’s imports in May also surprised, soaring by 27.4% to 271.4 billion dollars, significantly exceeding analysts’ conservative expectations of around 25%.

The Australian dollar (AUD) managed to rise above 0.705 US dollars, but this local move did not help the currency break out of its two‑month low zone. The “aussie” received some upward momentum amid overall improvement in global sentiment following news that Iran and Israel had announced a halt to mutual strikes. However, this moderate optimism is fully offset by harsh domestic economic realities and the persistent strength of the US dollar. According to fresh data from Westpac and the Melbourne Institute published on Tuesday, Australia’s Consumer Confidence Index fell by 2.9% (or almost 3%) in June, dropping to 80.6 points. This marked the fourth decline in the indicator since the beginning of the year.

S&P 500 (US500) 7,405.73 +21.99 (+0.30%)

Dow Jones (US30) 50,786.01 -80.77 (-0.16%)

DAX (DE40) 24,616.22 -142.83 (-0.58%)

FTSE 100 (UK100) 10,373.20 +5.15 (+0.05%)

USD Index 100.01 -0.06 (-0.06%)

News feed for: 2026.06.09

  • Australia Westpac Consumer Confidence (m/m) at 03:30 (GMT+3) – AUD (LOW)
  • Australia NAB Business Confidence (m/m) at 04:30 (GMT+3) – AUD (LOW)
  • China Trade Balance (m/m) at 06:00 (GMT+3) – CHA50, HK50 (MED)
  • German Trade Balance (m/m) at 09:00 (GMT+3) – EUR (LOW)
  • German Industrial Production (m/m) at 09:00 (GMT+3) – EUR (LOW)
  • Mexico Inflation Rate (m/m) at 15:00 (GMT+3) – MXN (MED)
  • US Trade Balance (m/m) at 15:30 (GMT+3) – USD (MED)
  • Canada Trade Balance (m/m) at 15:30 (GMT+3) – CAD (MED)
  • US Existing Home Sales (m/m) at 17:00 (GMT+3) – USD (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

GBP/USD Remains Under Pressure Despite Attempts to Recover

By Analytical Department RoboForex

GBP/USD attempted to move closer to 1.3350 on Tuesday but remained under pressure. The US dollar continues to benefit from strong US labour market data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance and could even consider further interest rate increases before the end of the year.

Developments in the Middle East provided additional support to the dollar. Following fresh Israeli strikes on targets in Iran, oil prices rose sharply, boosting demand for the US currency as a safe-haven asset. As a result, GBP/USD continues to trade near its lowest levels in almost two months.

Sentiment towards sterling has also been affected by changing interest rate expectations. While markets had previously anticipated a more aggressive tightening cycle from the Bank of England due to inflation risks, investors are now focusing increasingly on the prospect of higher rates in the US.

In addition, the latest Bank of England survey revealed a slowdown in inflation expectations among British businesses. This has reduced the likelihood of a near-term rate increase and added further pressure on the pound.

For now, the combination of a strong US dollar, elevated oil prices, and the Bank of England’s cautious stance continues to favour the US currency.

Technical Analysis

On the H4 chart, GBP/USD is trading within a broad consolidation range above the 1.3306 level. The range currently extends up to 1.3369 and down to 1.3329. A breakout above the range could open the way for further gains towards 1.3380, while a move below the range would increase the likelihood of a decline towards 1.3280.

The MACD indicator broadly supports this scenario. Although the signal line remains below zero, it is pointing upwards, suggesting that short-term recovery attempts remain possible.

On the H1 chart, GBP/USD is trading within a narrower consolidation range around 1.3333, recently extending down to 1.3306. A move higher towards 1.3380 is expected in the near term.

The Stochastic oscillator supports the likelihood of short-term volatility. Its signal line is above 80 and turning sharply lower towards 20, indicating that a corrective pullback may develop before the next directional move.

Conclusion

GBP/USD remains vulnerable as strong US economic data, elevated energy prices, and shifting interest rate expectations continue to support the dollar. While technical indicators suggest that a short-term rebound is possible, the broader outlook remains challenging for sterling unless market sentiment towards the UK economy improves.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

SpaceX IPO: Set for $75 billion liftoff

By ForexTime 

  • SpaceX IPO scheduled for Friday 12th June 
  • $75 billion capital raise forecast – largest IPO ever recorded
  • 555.6 million shares expected to be sold at $135 
  • Valuation seen at $1.8 trillion on debut

 

Everybody is talking about the SpaceX IPO.

And why not? It could be one of the biggest moments in market history.

We’re talking about a $1.8 trillion valuation. A $75 billion capital raise. The largest IPO ever recorded.

Nvidia CEO, Jensen Huang says buying now could be like buying Amazon, Google, and Meta on day one.

This is not background noise. Don’t get left behind.

What is an IPO

  • An IPO, or initial public offering, is the term for the first time that a private company sells shares of its stock to the public on a stock exchange.

When is SpaceX going public?

  • On Friday 12th June, millions of new shares in the company will start trading on the stock market.

Key metrics

  • 550+ million shares are expected to be sold at $135 each.
  • Exchange listing: Nasdaq (and Nasdaq Texas)
  • Stock ticker: SPCX
  • Latest revenue (FY 2025): $18.7 billion

 

Why SpaceX’s Nasdaq Listing Actually Matters

  • A recent rule change lets companies join the Nasdaq 100 just 15 trading days after listing, replacing the historic three-month seasoning period.
  • The idea of SpaceX joining Nasdaq in such a short period could translate to increased levels of volatility.

The First Real Test of the AI Boom

  • SpaceX is just the opening act with OpenAI is reportedly eyeing a September listing and Anthropic joining the party in October.
  • Three companies with a combined valuation of over $3.5 trillion in value, hitting public markets within months of each other in 2026.
  • That makes the SpaceX debut a genuine yardstick, a live test of whether public markets can absorb AI-linked equity at trillion-dollar valuations, on businesses that are loss-making today and transformational tomorrow.

Potential Valuations After The IPO

  • Prediction markets are pricing a 40% chance that it closes above the $2 trillion valuation post debut.

What assets may be impacted?

  • Nasdaq100/S&P 500: direct index weight implications and sentiment spillover across tech.
  • USD: a landmark listing of this size draws global capital inflows, which may influence the dollar.

 

  • Risk-sensitive pairs: AUD, NZD could catch a bid on broad risk-on sentiment if the debut is strong

Nvidia CEO stamp of approval

Jensen Huang – CEO of the world’s most valuable company stated that buying SpaceX, OpenAI, and Anthropic at IPO could be like buying Amazon, Google, and Meta in their early days.

That’s not a random take. This is the man running a $5 trillion company built on exactly that kind of early bet.

What could go wrong

  • At $1.75–2T valuation, there’s almost no margin for error. It’s priced for perfection on a business that isn’t yet profitable. Any miss on growth expectations post-listing could hit the stock hard.
  • If the debut is weak, the narrative flips fast with every AI IPO behind it facing a harder market.

 

Forex-Time-LogoArticle by ForexTime

 

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

On Friday, the American stock market experienced one of the strongest crashes in recent times

By JustMarkets

On Friday, the American stock market went through one of the harshest crashes in recent times due to a massive investor exodus from the technology sector. By the end of the day, the Dow Jones Index (US30) fell by 0.66% (week-to-date -0.58%). The S&P 500 Index (US500) declined by 2.64% (week-to-date -2.62%). The Technology Index NASDAQ (US100) closed lower by 4.77% (week-to-date -4.42%).

The catalyst for the tech panic was a strong US labor market report (172,000 new jobs versus the expectation of 85,000), which pushed the yield on 10‑year Treasury bonds above 4.5%, and 30‑year yields above 5%, intensifying fears of long-term high Fed rates. The main blow fell on semiconductor manufacturers, where Broadcom’s restrained outlook triggered a chain reaction and capital outflow from AI infrastructure. Broadcom’s own shares fell by more than 7% (continuing Thursday’s double‑digit decline), Marvell Technology and Micron Technology shares plunged by 16% and 13% respectively, while giants Intel and AMD lost about 11% of their value.

Statistics Canada published a strong labor market report that temporarily dispelled recession fears. The unemployment rate in the country unexpectedly fell by 0.3 percentage points in May – to 6.6% (the lowest level since January), while analysts had expected it to remain at 6.9%. The Canadian economy demonstrated surprising resilience despite triple pressure: the restrictive monetary policy of the Bank of Canada, prolonged tariff wars with Washington, and high energy prices caused by the Middle Eastern crisis.

European indices closed mixed on Friday. By the end of the day, Germany’s DAX (DE40) fell by 0.75% (week-to-date -1.29%), France’s CAC 40 (FR40) closed down 0.32% (week-to-date +0.58%), Spain’s IBEX 35 (ES35) rose by 0.38% (week-to-date +0.08%), and the UK’s FTSE 100 (UK100) ended the session up 0.08% (week-to-date -0.40%).

European stock indices closed in the red, reacting to the prolonged standoff between the US and Iran and the inevitable tightening of policy by major central banks. The main driver of sell-offs in Europe was the strong US labor market report, which strengthened expectations of a Fed rate hike, as well as the May acceleration of inflation in the Eurozone to 3.2%, causing markets to price in an almost 100% probability of an ECB rate increase at the June 11 meeting. The situation was worsened by a technical revision of Eurozone GDP for the first quarter: the bloc’s economy contracted by 0.2% due to a drop in Ireland’s GDP amid volatility in multinational companies’ financial flows.

Prices for American light crude oil WTI fell another 3%, dropping to $90.3 per barrel. While earlier in the week the main trigger for the decline was purely geopolitical, by the end of the week investors’ focus shifted to fundamental economic indicators signaling a noticeable cooling of global demand for raw materials. But on Monday, prices for American light crude oil WTI rose by more than 3%, surpassing $93 per barrel and fully recovering the late‑week decline. A powerful trigger for the renewed rally was a new escalation in the Middle East: Iran launched a direct missile strike on Israeli territory and issued a harsh warning about its readiness to expand military actions in Lebanon. Although Israeli air defense systems intercepted all missiles and no casualties were reported, this attack put the already fragile ceasefire agreement at risk, effectively bringing diplomatic efforts to a deadlock.

On Monday, platinum (XPT/USD) prices collapsed to around $1,760 per ounce, hitting the lowest level since December 2025. The precious metal came under heavy pressure due to the sharp deterioration of the geopolitical situation over the weekend, when Iran launched missile strikes on Israel. This step jeopardized the fragile truce and worsened the blockade of the Strait of Hormuz. Investors fear that entrenched cost inflation, combined with the recent strong US labor market report (Nonfarm Payrolls), will force the Fed and other central banks to keep interest rates at a strictly restrictive level, reducing the attractiveness of precious metals. Nevertheless, the large-scale collapse in platinum prices is being limited by strong fundamental factors on the physical market side. According to fresh outlooks from the World Platinum Investment Council (WPIC), the global market will record a supply deficit in 2026 for the fourth consecutive year.

On Friday, Japan’s Nikkei 225 (JP225) fell by 1.31% (week-to-date +0.34%), China’s FTSE China A50 closed lower by 1.62% (week-to-date -0.50%), Hong Kong’s Hang Seng (HK50) declined by 1.15% (week-to-date -0.87%), and Australia’s ASX 200 (AU200) fell by 0.70% (week-to-date -0.97%). Asian stock markets were swept by a powerful wave of sell-offs triggered by Friday’s crash on Wall Street. The main epicenter of the decline was South Korea’s KOSPI Index, which plunged by 8.8%, showing one of the worst days in its history. The catalyst for the panic was a massive capital outflow from semiconductor giants and companies linked to AI infrastructure, which began after Broadcom’s restrained prognoses. Other key regional markets – Japan, Australia, China, and Hong Kong – also came under cross‑pressure from macroeconomic factors and geopolitical risks, recording deep declines. An additional blow to trader sentiment came from the sharp escalation of the geopolitical conflict in the Middle East.

S&P 500 (US500) 7,383.74 -200.57 (-2.64%)

Dow Jones (US30) 50,866.78 -615.15 (-1.35%)

DAX (DE40) 24,759.05 -185.90 (-0.75%)

FTSE 100 (UK100) 10,368.05 +7.73 (+0.08%)

USD Index 100.07 +0.66 (+0.66%)

News feed for: 2026.06.08

  • Japan GDP (m/m) at 02:50 (GMT+3) – JPY (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

EUR/USD at April Lows: What’s Next for the Pair?

By Analytical Department RoboForex

EUR/USD began the new week at 1.1520. The US dollar ended last week with gains of more than 1% following a strong US labour market report. In May 2026, the US economy added 172,000 jobs, significantly above the market forecast of 85,000. The data exceeded expectations, reinforcing confidence in the resilience of the US economy.

The strong employment figures bolstered expectations that the Federal Reserve will maintain its hawkish stance and could even raise interest rates before the end of the year.

Markets have little doubt that the Fed will leave rates unchanged at its next meeting. However, expectations of further policy tightening by the end of 2026 continue to rise.

The situation in the Middle East continues to support the US dollar. Negotiations between the US and Iran have effectively stalled, while renewed tensions have kept oil prices above USD 90 per barrel. Elevated energy prices are increasing inflation risks and boosting demand for the dollar as a safe-haven asset.

Against this backdrop, the euro has come under significant pressure. Energy-related risks facing European economies remain a key factor weighing on the single currency.

Technical Analysis

On the H4 chart, EUR/USD is trading within a consolidation range around the 1.1525 level, currently extending between 1.1510 and 1.1538. A breakout to the upside could trigger a corrective move towards 1.1570, while a downside breakout would open the way for a decline towards 1.1444.

The MACD indicator supports the bearish scenario, with its signal line below zero and pointing firmly downwards, indicating sustained downside momentum.

On the H1 chart, EUR/USD has reached 1.1525 and is now consolidating around this level. Further consolidation within the range is expected, with potential extensions towards 1.1500 on the downside and 1.1570 on the upside. After that, a move lower towards 1.1444 remains the preferred scenario.

The Stochastic oscillator confirms this outlook, with its signal line at 80 and turning lower towards 20, signalling growing bearish momentum in the short term.

Conclusion

EUR/USD remains under pressure as strong US economic data, expectations of prolonged restrictive Federal Reserve policy, and geopolitical tensions continue to support the dollar. While a short-term corrective rebound cannot be ruled out, technical indicators suggest that the broader bearish trend remains intact.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

The ceasefire between Israel and Lebanon has reduced the geopolitical premium

By JustMarkets

By the end of the day, the Dow Jones Index (US30) rose by 1.73%. The S&P 500 Index (US500) increased by 0.41%. The Technology Index NASDAQ (US100) closed lower by 0.53%. The main driver of optimism was the signing of a ceasefire agreement between Israel and Lebanon, which reduced the geopolitical premium in commodities, pushed oil prices down, and led to a decline in US Treasury yields. The NASDAQ 100 Technology Index closed in negative territory due to a deep drop in the semiconductor sector, which had been the main engine of the market throughout the current year. The main blow fell on Broadcom shares, which plunged by 15%; despite strong net profit figures, the company’s conservative revenue outlook for artificial intelligence (AI) chips failed to meet Wall Street’s inflated expectations.

European indices closed in the green yesterday. By the end of the day, Germany’s DAX (DE40) rose by 0.60%, France’s CAC 40 (FR40) closed with a gain of 1.15%, Spain’s IBEX 35 (ES35) increased by 0.55%, and the UK’s FTSE 100 (UK100) ended the trading session higher by 0.27%.

The Swiss franc (CHF) stabilized at 0.79 per US dollar, remaining in close proximity to its lowest level since early April. Pressure on the national currency intensified after the release of May inflation data, which came in below analysts’ expectations and effectively deprived the Swiss National Bank of reasons to raise interest rates at the upcoming June meeting. Annual inflation in the country remained at 0.6%, which, although being the highest level since December 2024.
A sharp reversal occurred in the global energy market: prices for US light crude WTI collapsed by more than 3%, falling to 92 dollars per barrel and breaking a three‑day rally. The main trigger for profit‑taking and the drop in prices was the sudden appearance of diplomatic breakthroughs in the Middle East crisis. The White House officially stated that Israel and Lebanon had reached preliminary agreements on a ceasefire. But the downward momentum in oil remained limited, as the real situation in the Middle East is still far from stable. Any breakdown of the announced ceasefire within the next 24 hours could instantly return WTI prices to their recent four‑month highs.

The US natural gas prices (XNG) recorded a powerful rally, rising above 3.3 dollars per million BTU (British thermal units) and hitting a four‑month high. Fresh data from the Energy Information Administration confirmed that US LNG exports soared to a historic record of 573.5 billion cubic feet of gas equivalent. Commercial gas inventories in the US increased by only 95 billion cubic feet for the week, which was significantly worse than analysts’ expectations of a larger increase of around 101 billion cubic feet, confirming strong physical undersupply in the market.

In Asia on Thursday, Japan’s Nikkei 225 (JP225) fell by 1.36%, China’s FTSE China A50 closed lower by 1.40%, Hong Kong’s Hang Seng (HK50) declined by 1.48%, and Australia’s ASX 200 (AU200) dropped by 1.13%.

The Australian dollar (AUD) continues to decline against the US dollar, falling to 0.711 and reaching its lowest levels in the past two weeks. The weakness is driven by a correction in the technology sector and cooling interest in AI‑related assets, which negatively affects risk‑sensitive currencies, including the Australian dollar. At the same time, the US dollar is supported by persistent inflation in the US and expectations of continued tight Federal Reserve policy. The Reserve Bank of Australia maintains a cautious tone after three rate hikes since the beginning of the year. RBA Governor Michele Bullock noted that policy tightening is already affecting economic activity, but inflation remains too high for the regulator to signal the end of the cycle. The market is almost fully pricing in a rate hold at the upcoming meeting, but the probability of another hike by August remains high.

The New Zealand dollar (NZD) fell to around 0.585 US dollars, ending the current week with a loss of more than 2% of its value. The downward movement of the national currency is driven by investors’ broad reluctance to take risks due to the lack of tangible progress in peace negotiations between the US and Iran. Nevertheless, the large‑scale decline of the “kiwi” was partially contained by tight domestic monetary factors. Market participants continue to actively price in a high probability of an interest rate hike by the Reserve Bank of New Zealand at the upcoming July meeting.

S&P 500 (US500) 7,584.43 +30.75 (+0.41%)

Dow Jones (US30) 51,562.64 +875.57 (+1.73%)

DAX (DE40) 24,944.95 +149.01 (+0.60%)

FTSE 100 (UK100) 10,360.32 +28.02 (+0.27%)

USD Index 99.43 -0.10 (-0.10%)

News feed for: 2026.06.05

  • Japan Average Cash Earnings (y/y) at 02:30 (GMT+3) – JPY (MED)
  • Eurozone GDP (q/q) at 12:00 (GMT+3) – EUR (MED)
  • US Nonfarm Payrolls (m/m) at 15:30 (GMT+3) – USD, XAU (HIGH)
  • US Unemployment Rate (m/m) at 15:30 (GMT+3) – USD, XAU (HIGH)
  • Canada Unemployment Rate (m/m) at 15:30 (GMT+3) – CAD (HIGH)
  • Canada Ivey PMI (m/m) at 17:00 (GMT+3) – CAD (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

EUR/USD: All Eyes on Non-Farm Payrolls

By Analytical Department RoboForex

EUR/USD was trading at 1.1613 on Friday. As the week draws to a close, the US dollar remains on track to post gains, supported by ongoing uncertainty in the Middle East and continued demand for safe-haven assets.

US President Donald Trump stated that negotiations aimed at resolving the conflict are approaching their final stage and that Washington has no interest in returning to a full-scale confrontation with Iran. However, Iranian Foreign Minister Abbas Araghchi noted that no significant progress has been achieved in the talks yet. Adding to market concerns, the Iranian-backed Hezbollah movement rejected a US-backed ceasefire proposal between Israel and Lebanon.

Investor attention is firmly focused on today’s Non-Farm Payrolls report. The labour market data is expected to provide fresh insight into the health of the US economy and the likely direction of future Federal Reserve policy.

Recent employment figures have highlighted the resilience of the US economy, reinforcing expectations that the Federal Reserve will maintain a hawkish stance. Against a backdrop of elevated energy prices and inflation risks linked to the Middle East conflict, markets continue to price in the possibility of another interest rate increase before the end of the year.

Technical Analysis

On the H4 chart, EUR/USD is trading within a compact consolidation range around the 1.1620 level. The current structure suggests a move lower towards 1.1525, with scope for an extension to 1.1500.

The MACD indicator supports this scenario, with its signal line below zero and pointing firmly downwards, reflecting persistent bearish momentum.

On the H1 chart, EUR/USD has reached 1.1644 before declining to 1.1607. In effect, the pair has formed the boundaries of a consolidation range around 1.1620.

A breakout above the range could trigger another upward move towards 1.1660, with scope for an extension to 1.1675 before the broader downtrend resumes towards 1.1500.

A downside breakout would strengthen the case for a direct move towards 1.1500, potentially marking the completion of the third wave within the current bearish trend.

The Stochastic oscillator confirms this outlook, with its signal line turning lower from 80 and pointing towards 20, indicating the beginning of a short-term decline.

Conclusion

EUR/USD remains under pressure as geopolitical uncertainty and expectations of prolonged restrictive US monetary policy continue to support the dollar. The Non-Farm Payrolls report will be the key catalyst for the market, while technical indicators suggest that downside risks remain dominant in the near term.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.