The dollar index steadied above 96 after hitting a four-year low, supported by Treasury Secretary Scott Bessent’s reaffirmation of a strong dollar policy despite earlier signals favoring a weaker currency.
In Japan, the 10-year bond yield fell to 2.24% after a solid 40-year bond auction eased fiscal concerns. Meanwhile, gold extended its record surge above $5,500 an ounce as dollar weakness and heightened economic and geopolitical uncertainty increased safe-haven demand.
| Time | Cur. | Event | Forecast | Previous |
| 13:30 | USD | Initial Jobless Claims | 206K | 200K |
EUR/USD climbed above 1.1950 on Thursday, reaching toward 1.1980 during early European trading. The pair found support after the Federal Reserve kept interest rates at 3.5%–3.75% during its first 2026 meeting. Market attention now shifts toward the White House, with President Trump expected to name a successor to Jerome Powell within the coming week.
Momentum remains constructive, with 1.1950 in focus on the upside, while 1.1810 defines nearby support.
| R1: 1.1950 | S1: 1.1810 |
| R2: 1.2000 | S2: 1.1760 |
| R3: 1.2050 | S3: 1.1680 |
The Japanese yen remains strong against a softening dollar, underpinned by a hawkish Bank of Japan and the Federal Reserve’s recent decision to pause rate hikes. While JPY attracted dip-buying on Thursday, gains are being checked by domestic challenges. Prime Minister Sanae Takaichi’s aggressive spending plans have sparked fiscal health concerns, while political uncertainty ahead of the February 8 snap election limits broader bullish momentum.
Technically, resistance stands near 153.20, while support is firm at 152.50.
| R1: 153.20 | S1: 152.50 |
| R2: 153.90 | S2: 151.80 |
| R3: 155.10 | S3: 150.40 |
Gold hit a record $5,500 on Thursday as the dollar index touched four year lows. Momentum spiked after President Trump indicated comfort with a weaker currency, despite his recent tariff threats and criticism of the Federal Reserve. The Fed held rates at 3.5%–3.75%, noting high inflation and early labor stabilization, though two officials favored a cut. Supported by fiscal anxiety, U.S.–Iran tensions, and strong central bank and ETF demand, the yellow metal has now surged nearly 18% this year.
Technically, resistance stands near 5599, while support is firm at 5440.
| R1: 5999 | S1: 5440 |
| R2: 5650 | S2: 5350 |
| R3: 5700 | S3: 5300 |
GBP/USD rose toward 1.3850, touching 1.3869 for its highest level since late 2021. The pair maintains a bullish short-term outlook, staying above key nine-day and 50-day moving averages. However, with the RSI near 75 in overbought territory, momentum appears stretched, indicating that the recent rally may soon consolidate.
From a technical view, support stands near 1.3800, with resistance around 1.3850.
| R1: 1.3850 | S1: 1.3800 |
| R2: 1.3900 | S2: 1.3770 |
| R3: 1.3950 | S3: 1.3710 |
Silver hit a historic peak exceeding $117 per ounce on Thursday, pushing year to date gains past 60%. Strong safe haven demand persists as investors navigate global economic and geopolitical instability. Even with the Federal Reserve holding interest rates steady and a slight rebound in the dollar, hedging against currency risk remains a priority. Persistent trade friction and Middle East tensions continue to fuel this record breaking rally.
From a technical view, resistance stands near $119.45, while support is located around 117.15.
| R1: 119.45 | S1: 117.15 |
| R2: 120.46 | S2: 116.00 |
| R3: 121.52 | S3: 115.50 |
Weak Jobs Lift Rate Cut Hopes (6 – 10 July)Global markets ended the week with improving risk sentiment after weaker US employment data reduced expectations for further Federal Reserve rate hikes. The US dollar posted its steepest weekly decline since April as June payrolls missed forecasts by a wide margin, while falling oil prices and the normalization of shipping through the Strait of Hormuz eased inflation concerns. Investors also continued to monitor central bank guidance, with policymakers balancing slowing inflation against resilient economic activity.
Detail A Softer Dollar Stabilizes Markets (07.06.2026)Global markets began the week on a steadier footing as weaker U.S. labor data continued to weigh on the dollar and reduce expectations for additional Federal Reserve rate hikes.
Detail
U.S. Private Hiring Cools DownU.S. private-sector hiring cooled unexpectedly in June, signaling a downshift in labor market momentum. According to the latest ADP National Employment Report, private employers added 98,000 jobs, missing the Wall Street consensus estimate of roughly 120,000.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
