U.S. stocks hit record highs with the Dow topping 46,000, while futures held flat as traders weighed hotter August CPI at 2.9% and rising jobless claims at 263,000, the highest since 2021. The data strengthened expectations of a September Fed rate cut. Treasury yields stayed near five-month lows around 4.03%.
In Japan, 10-year bond yields hovered near 1.59% as markets assessed the BoJ outlook amid Ishiba’s resignation and new U.S. tariff risks. A joint U.S.-Japan statement reaffirmed market-driven exchange rates.
Gold is on track for a fourth weekly gain, supported by safe-haven demand, Fed easing bets, and trade tensions.
The ECB kept rates steady, forecasting Eurozone inflation to ease toward 2% by 2027 and growth to slow in 2026 before a modest rebound. President Lagarde emphasized a cautious, data-driven stance.
| Time | Cur. | Event | Forecast | Previous |
| 06:00 | GBP | U.K GDP (MoM) (Jul) | 0.0% | 0.4% |
| 06:00 | GBP | Trade Balance (Jul) | -21.60B | -22.16B |
| 06:00 | EUR | German CPI (MoM) (Aug) | 0.1% | 0.3% |
| 14:00 | USD | Michigan 1-Year Inflation Expectations (Sep) | 4.8% | |
| 14:00 | USD | Michigan 5-Year Inflation Expectations (Sep) | 3.5% |
The EUR/USD pair slipped to 1.1725 in Friday’s Asian session, pressured by a stronger U.S. Dollar, though losses may be limited with markets expecting a Fed rate cut next week. Focus now shifts to Germany’s August HICP and U.S. consumer sentiment data. On Thursday, the ECB kept rates at 2.0%, signaling confidence in growth and inflation. The move lowered expectations for further easing, with markets now pricing only a 40% chance of another cut by spring.
Resistance is at 1.1750, with key support at 1.1660.
| R1: 1.1750 | S1: 1.1660 |
| R2: 1.1775 | S2: 1.1620 |
| R3: 1.1780 | S3: 1.1580 |
The yen weakened to about 147.4 per dollar on Friday, giving back earlier gains after a US–Japan joint statement stressed that exchange rates should be market-driven and volatility limited. Finance Minister Katsunobu Kato welcomed the statement amid new US tariffs but noted no talks on specific currency levels.
Domestically, markets assessed the Bank of Japan’s stance against mixed data and political uncertainty following Prime Minister Ishiba’s resignation and party divisions. Meanwhile, US inflation data met forecasts, reinforcing expectations of further Federal Reserve rate cuts.
For USD/JPY, the nearest resistance is at 148.50, while the immediate support is at 146.70.
| R1: 148.50 | S1: 146.70 |
| R2: 150.90 | S2: 145.80 |
| R3: 154.50 | S3: 144.00 |
Gold nears $3,640 on Friday, marking a fourth weekly gain, driven by Fed rate cut expectations and safe-haven demand. U.S. inflation matched forecasts after a PPI drop, while jobless claims hit a four-year high, highlighting labor weakness. Markets price in a 25 bps cut, with speculation of 50. Geopolitical tensions, including U.S. tariff pressure on India and China, Middle East conflicts, and Russian drone strikes, added support.
Gold is currently facing resistance around $3,675, with strong support near $3,615.
| R1: 3675 | S1: 3615 |
| R2: 3700 | S2: 3560 |
| R3: 3730 | S3: 3500 |
The British pound rose above $1.355 on Friday, up 0.33%, supported by broad U.S. dollar weakness as markets priced in more Fed rate cuts this year. Softer U.S. producer prices added pressure on the dollar, while UK fiscal comments had little effect. Traders now await August CPI, with results set to guide GBP/USD direction.
The first resistance is seen at 1.3600, with nearby support beginning at 1.3480.
| R1: 1.3600 | S1: 1.3480 |
| R2: 1.3680 | S2: 1.3350 |
| R3: 1.3770 | S3: 1.3300 |
Silver climbed 1% toward $42 per ounce on Friday, its highest in 14 years, supported by Fed rate cut bets. August U.S. CPI rose 0.4%, while producer prices fell and jobless claims hit a three-year high, signaling labor weakness. Safe-haven flows and strong industrial demand from solar, EVs, and electronics added support.
The first resistance at $42.30 and support at $41.00.
| R1: 42.30 | S1: 41.00 |
| R2: 43.20 | S2: 39.60 |
| R3: 44.40 | S3: 38.20 |
Trump Signals Extended Military CampaignGeopolitical tensions in the Middle East have intensified following recent remarks from Donald Trump suggesting that the ongoing military campaign against Iran may last longer than anticipated. While Trump stated that early operational objectives were achieved ahead of schedule, he acknowledged that broader strategic goals could require additional time and sustained military pressure.
Detail
US DST Change March 8 2026Daylight Saving Time will change in the United States on Sunday, March 8, 2026. The trading schedule for various financial instruments will be adjusted to align with U.S. exchange hours.
Detail Dollar Leads Risk-Off (03.06.2026)Global markets remained under pressure as escalating Middle East tensions and rising energy prices strengthened the US dollar and unsettled major currencies.
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