The Pound: heading towards 1.31 or 1.37?

Conflicting drivers are preventing GBPUSD from finding a clear direction.

The Bank of England is set to disappoint markets with the scale of its monetary tightening.

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🇺🇸 US Pre-Market: Mixed 📊

Mixed trading is being seen in the US stock market pre-market.

In the Information Technology sector, Microsoft (MSFT) is up 1.52%.

In the Communication Services sector, Meta Platforms (META) is down 0.69%.

In the Financials sector, JPMorgan Chase (JPM) is up 1.15%, while Bank of America (BAC) is up 1.24%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 1.25%, while in the Consumer Staples sector, Walmart (WMT) is up 2.06%.

The mixed performance across the largest companies by market cap and key sectors is creating short-term uncertainty for the dollar, keeping it in a neutral range without clear directional momentum.

⚠️ UK — BOE Governor Andrew Bailey Speaks at 15:40 GMT

▶️ Pro News Weekly: The Dollar Won’t Stop Rising

Welcome to Pro News Weekly!

💵 The U.S. dollar continues to strengthen as escalating tensions in the Middle East, resilient economic data and rising expectations of a Federal Reserve rate hike in 2026 boost demand for safe-haven assets. Strong employment and services sector figures suggest the U.S. economy remains capable of withstanding higher interest rates.

📊 Stock indices are losing momentum after one of the strongest rallies in decades. While AI enthusiasm, tax cuts and strong corporate earnings previously fueled gains, investors are becoming increasingly concerned about slowing economic growth, higher inflation and rising Treasury yields.

🪙 Gold is retreating despite reports that central banks are increasing their allocation to the precious metal. A stronger U.S. dollar and rising bond yields continue to weigh on prices, raising questions about whether gold can regain its bullish momentum.

₿ Bitcoin has fallen to its lowest level since February as investors pull money out of cryptocurrencies and rotate into technology stocks. ETF outflows, weakening sentiment and the breakdown of Bitcoin's correlation with major stock indices have intensified fears that the crypto market may be entering a new crypto winter.

Will rising inflation, higher oil prices and escalating geopolitical tensions push the Fed toward tighter policy, or can stocks and cryptocurrencies recover before market sentiment deteriorates further?

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🗓 Economic Calendar at 2026/06/05 (GMT)

09:00 🇪🇺 Gross Domestic Product — Exp: 0.1% | 0.8% Actual: -0.2% | 0.3%

12:30 🇺🇸 ⚡️ Non-Farm Employment Change — Exp: 85K Actual: 172K

12:30 🇺🇸 ⚡️ Unemployment Rate — Exp: 4.3% Actual: 4.3%

12:30 🇺🇸 Average Hourly Earnings — Exp: 0.3% | 3.4% Actual: 0.3% | 3.4%

12:30 🇺🇸 Change in Private Payrolls — Exp: 89K Actual: 120K

12:30 🇨🇦 ⚡️ Employment Change — Exp: 10.2K Actual: 87.8K

12:30 🇨🇦 ⚡️ Unemployment Rate — Exp: 6.9% Actual: 6.6%

12:30 🇨🇦 Part-Time Employment Change Actual: 154.0K | -66.2K

14:00 🇨🇦 Ivey PMI — Exp: 55.0 Actual: 58.2 | 61.3

15:30 🇳🇿 RBNZ Governor Anna Breman Speaks

18:00 🇬🇧 BOE Governor Andrew Bailey Speaks


[Updated in real time]

Comcast  Wave Analysis – 5 June 2026

- Comcast broke key support level 25.00

- Likely to fall to support level 22.00

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The Dollar: Is history repeating itself?

Mixed news from the Middle East is helping the greenback.

Growing similarities with the 1970s for the Fed.

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⚠️ USA — Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 179K

🕒 Exp: 85K

🎯 Fact.: 172K 📈

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⚠️ USA — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.3%

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⚠️ Canada — Employment Change at 03:00 GMT

✔️ Prev: -17.7K

🕒 Exp: 10.2K

🎯 Fact.: 87.8K 📈

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⚠️ Canada — Unemployment Rate at 03:00 GMT

✔️ Prev: 6.9%

🕒 Exp: 6.9%

🎯 Fact.: 6.6% 📈

🇺🇸 US Pre-Market: Mixed 📊

Mixed trends are being observed in the US stock market pre-market.

In the Information Technology sector, NVIDIA (NVDA) is down 1.67%, Apple (AAPL) is up 0.54%, while Microsoft (MSFT) is up 0.35%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.86%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.19%, while Bank of America (BAC) is down 0.13%.

The mixed performance of the largest technology companies and the financial sector points to the absence of a clear market trend. In this environment, the short-term dollar outlook appears neutral, with no clear triggers for a directional shift in safe-haven demand.

AUDJPY Wave Analysis – 5 June 2026

- AUDJPY reversed from resistance level 114.60

- Likely to fall to support level 112.40

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EURUSD Wave Analysis – 5 June 2026

- EURUSD broke support zone

- Likely to fall to support levels 1.1500 and 1.1450

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Ethereum Wave Analysis – 5 June 2026

- Ethereum broke strong support level 1735.00

- Likely to fall to support level 1400.00

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Bitcoin Wave Analysis – 5 June 2026

- Bitcoin broke support level 60000.00

- Likely to fall to support level 55000.00

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🗓 Economic Calendar at 2026/06/07 (GMT)

09:00 All OPEC-JMMC Meetings

09:00 All The Organization of Petroleum Exporting Countries (OPEC) Meetings


[Updated in real time]

Will Bitcoin’s historic $60K support hold?

The crypto market capitalisation has lost 12.5% over the past seven days. However, the sharp sell-off that began in June paused on Friday near the $2.05T level, and the market has now rebounded to $2.16T at the time of writing.

At the end of last week, Bitcoin fell below the 200-week moving average and the $60K round figure. At present, bulls are hopeful they have halted the decline below the historical support level that paused selloffs during the bear market of 2017–2020. Later, in 2022–2023, the price dipped as much as 30% below this line, but there was a clear increase in buying on dips. Clearly, optimists are trying to seize the chance to buy the leading cryptocurrency for less than half the price reached between July and October last year.

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Nasdaq: the beginning of the correction?

Stock indices reacted negatively to the Fed’s rate hike.

The dollar was once again boosted by escalating geopolitical tensions.

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🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing positive momentum in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 2.60%, Advanced Micro Devices (AMD) is up 3.94%, while Microsoft (MSFT) is down 0.27%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.44%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.11%, while Bank of America (BAC) is down 0.13%.

With gains prevailing among the largest companies by market cap, signs of risk appetite are emerging. Demand for the dollar as a safe-haven asset is limited in this environment, keeping its short-term trend in a neutral range with no clear catalysts for appreciation.

Bitcoin Wave Analysis – 8 June 2026

- Bitcoin reversed from powerful support level 60000.00

- Likely to rise to resistance level 65000.00

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