Markets Week Ahead: ECB Rate Decision, US Nfps USD, Gold, Euro, Nasdaq

Date

6/2/2024 5:22:36 AM

(MENAFN- DailyFX) Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, nasdaq Skip to Content

Search Search results No entries matching your query were found.

Englis
日本

- Market Overview
- Real-time News
- Economic Calendar
- Market Themes
- EUR/USD News
- Gold News
- Oil - US Crude News
Recent Market News Headlines
Jun 2, 2024 Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq Jun 1, 2024 Gold Price Forecast: Bears Take Out Key Support, Next Leg Lower May Be Underway May 31, 2024 US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum
Free Guide

Introduction to Forex News Trading
- Technical Analysis
- Analyst Picks
- Forecasts
- Market Outlook
- DailyFX TV
Recent Trading Strategies Headlines
May 31, 2024 British Pound Weekly Forecast: Ranges Likely To Hold As Focus Moves To ECB May 31, 2024 FTSE 100, DAX 40 and S&P 500 await US PCE inflation print May 30, 2024 Market Sentiment Analysis & Outlook: EUR/USD, USD/CAD, Dow Jones 30
Free Guide

The Fundamentals of Range Trading
- EUR/USD
- GBP/USD
- AUD/USD
- USD/JPY
- All currencies
- Major currency pairs
Recent Currencies Headlines
Jun 2, 2024 Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq May 31, 2024 British Pound Weekly Forecast: Ranges Likely To Hold As Focus Moves To ECB May 31, 2024 US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum May 31, 2024 USD/JPY Stuck Around 157.00 Ahead of US Inflation Data
- Oil - US Crude
- Gold
- Silver
- Natural Gas
- All commodities
- Major commodities
Recent Commodities Headlines
Jun 2, 2024 Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq Jun 1, 2024 Gold Price Forecast: Bears Take Out Key Support, Next Leg Lower May Be Underway May 31, 2024 US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum May 31, 2024 Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
- Wall Street
- US 500
- US Tech 100
- FTSE 100
- All stocks
- Major stock indices
Recent Stocks Headlines
Jun 2, 2024 Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq May 31, 2024 FTSE 100, DAX 40 and S&P 500 await US PCE inflation print May 30, 2024 Market Sentiment Analysis & Outlook: EUR/USD, USD/CAD, Dow Jones 30 May 30, 2024 Dow and Nikkei 225 Hit by Selling, Nasdaq 100 Losses Contained for Now
- Bitcoin
- Ethereum
- Litecoin
- All cryptocurrencies
- Major cryptocurrencies
Recent Cryptocurrencies Headlines
May 5, 2024 Markets Week Ahead: Markets Risk-On, BoE Decision, Gold, Nasdaq, Bitcoin Apr 15, 2024 Bitcoin (BTC), Ethereum (ETH) Rally on Hong Kong Spot ETF Approval Rumors Apr 8, 2024 Bitcoin (BTC) Nears New All-Time High as Halving Event Looms, Coinbase (COIN) Benefits Apr 3, 2024 Market Q2 Forecasts: US Dollar, Gold, Euro, Oil, Bitcoin, Yen, Equities Outlooks
- Rates
- Earnings Calendar
- Sentiment
- DNA FX
- Economic Calendar
- Live Chart
- Support & Resistance
- View All Tools
Free Guide

How to Use IG Client Sentiment in Your Trading

Trading Tools

Rates
Live forex rates at a glance

Earnings Calendar
Keep track of companies that are about to announce their earnings

Sentiment
Discover who is going long and short

DNA FX
Check what kind of trader you are

Economic Calendar
Explore key global events on the horizon

Live Chart
Latest price data across forex and major assets

Support & Resistance
View S&R levels for forex, commodities and indices

View All Tools
Economic Calendar
23:00:00 Medium Judo Bank Manufacturing PMI Final(May) Actual Forecast PreviousRevised 49.6
23:50:00 Medium Capital Spending YoY(Q1) Actual Forecast12.2% PreviousRevised 16.4%
00:30:00 Medium S&P Global Manufacturing PMI(May) Actual Forecast PreviousRevised 49.4
04:00:00 Medium Inflation Rate YoY(May) Actual Forecast2.94% PreviousRevised 3%

Economic Calendar
Earnings Calendar
Central Bank Calendar

FOMC
ECB
BOE
BOC
Free Trading Guides

Forex for Beginners

Traits of Successful Traders

Cryptocurrency Trading
View All
Free Trading Guides
- Trading Courses
  - Forex Trading Basics
  - Understanding the Stock Market
  - Commodities Trading
  - Forex for Beginners
- Free Trading Guides
- Trading Research
- Company
- Authors
- Contact
- English
- 日本語
Select Live Webinar Events0 Economic Calendar Events0
Notify me about

H
High
M
Medium
L
Low
Host: Duration: min 09:16:22 widgets/economicCalendar._abbr () Actual Forecast PreviousRevised EUR/USD Mixed
1d Last updated:May 31, 2024
Long Short
Note: Low and High figures are for the trading day.
Data provided by News Market Sentiment Analysis & Outlook: EUR/USD, USD/CAD, Dow Jones 30 2024-05-30 17:30:00 EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 09, 2024 when EUR/USD traded near 1.08. 2024-05-29 18:23:31 Oil - US Crude Bearish
1d Last updated:May 31, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC 2024-05-30 14:30:16 US Crude Oil Bounces Back But Looks Rangebound Before OPEC's June Meet 2024-05-23 11:00:28 Wall Street Mixed
1d Last updated:May 31, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News Market Sentiment Analysis & Outlook: EUR/USD, USD/CAD, Dow Jones 30 2024-05-30 17:30:00 Dow and Nikkei 225 Hit by Selling, Nasdaq 100 Losses Contained for Now 2024-05-30 10:45:31 Gold Bearish
1d Last updated:May 31, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq 2024-06-02 09:00:29 Gold Price Forecast: Bears Take Out Key Support, Next Leg Lower May Be Underway 2024-06-01 11:00:00 GBP/USD Mixed
1d Last updated:May 31, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News British Pound Edges Up Vs USD, Market Looks To US PCE Numbers As Next Big Clue 2024-05-29 12:00:28 Technical Analysis: EUR/USD and GBP/USD Rejected at Resistance. What Now? 2024-05-28 23:30:00 USD/JPY Bullish
1d Last updated:May 31, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News USD/JPY Stuck Around 157.00 Ahead of US Inflation Data 2024-05-31 08:01:40 Japanese Yen Sentiment Analysis & Technical Outlook – USD/JPY, EUR/JPY, GBP/JPY 2024-05-29 18:30:00 MoreView More

Heads Up: Fed Bostic Speech due at 22:15 GMT (15min)
Monetary Policy Inflation Recession More
Share:
What's on this page

Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq
US Dollar Index Daily Chart
Gold Daily Price Chart
Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq

ECB to cut interest rates by 25 basis points on Thursday.
US jobs week culminates with NFPs on Friday.
Gold eyes early-May lows.

Navigating Volatile Markets: Strategies and Tools for Traders
A week full of potential volatility with the ECB policy meeting and the latest US Jobs Report the highlights for traders looking for volatility. While the ECB will cut rates by 25 basis points, will ECB President Christine Lagarde signal the timing of the next cut? Markets suggest that the second rate cut may be announced at the September 12th meeting but the October 17th is now seen as more likely. The ECB post-decision press conference will need to be parsed closely.
Recommended by Nick Cawley Get Your Free EUR Forecast Get My Guide
In the US, a raft of US jobs data – JOLTS, ADP, and initial jobless claims - will be released before Friday's US Jobs Report. The market has pushed back US rate cuts over the past months as inflation remains uncomfortably high for the Federal Reserve. Any weakening in the US Jobs market may see the market start to re-price US interest rate cuts.
In addition to the above, the Bank of Canada announce their latest policy decision, Australian GDP is released, while US ISM Services data is always worth watching.
Recommended by Nick Cawley Trading Forex News: The Strategy Get My Guide
For all market-moving economic data and events, see the DailyFX Calendar
The US dollar looks under pressure and the US dollar index is withing 20 pips of printing a two-month low. From a technical viewpoint, the USD index is testing the 200-day simple moving average, and a confirmed break lower could see the greenback trade below 104.00.
US Dollar Index Daily Chart
Gold also looks vulnerable to a move lower. US Treasury yields rose during the week, driven by a raft of bills and bond sales, and a test of the $2,280/oz. looks likely. Friday's US NFPs will direct the gold's future performance.
Gold Daily Price Chart Recommended by Nick Cawley How to Trade Gold Get My Guide
The Nasdaq 100 turned lower this week as cracks started appearing in Magnificent Seven members. With the index pulling back from a sharp early sell-off, Friday's price action will give bulls some hope of higher prices. Still, an index dominated by a handful of mega-cap companies remains vulnerable to a change in sentiment.
Nasdaq 100 Daily Chart

All Charts using TradingView

MENAFN02062024000076011015ID1108285767

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.