₦airaland Forum

Lanshile:
There is high chance of it going down
Trade closed at entry

This trade I was thinking will close below my entry point never did that but instead bounce repeatedly from the same position before surging upward. I have no explanation for this action but I will try figure out the reason why it bounce repeatedly from that point for better judgement next time

Gold is expected to get to 3295 minimum by tomorrow.

Fxwarrior:
Gold is expected to get to 3295 minimum by tomorrow.

Abi 3400?

Fx warrior vs pip Marshall


Who blinks first ?

.

As a Senior Analyst, Trader, and Head Strategist at JP Morgan Chase, I'm providing you with an institutional-grade market recap and forward-looking analysis for DXY, Gold, EUR/USD, GBP/USD, and USD/JPY, tailored for a retail trader's actionable insights.

***

### JP Morgan Chase - Market Briefing: DXY, Gold, EUR/USD, GBP/USD, USD/JPY - June 03, 2025

**1. Detailed Market Recap: Today's Performance (June 03, 2025)**

**DXY (US Dollar Index):**

* **Today's Performance:** The DXY has seen a notable rebound today, currently trading around **99.230 USD**, up approximately **0.43%**. This reverses some of the recent downward pressure.
* **Key Price Drivers:**
* **Stronger-than-expected US JOLTS Job Openings data:** 7.391 million job openings in April, exceeding the consensus forecast of 7.11 million. This signals a more resilient labor market, pushing back against aggressive Fed rate cut expectations and strengthening the dollar.
* **Profit-taking in risk assets:** After recent rallies in gold and other risk-on assets, some profit-taking has contributed to a slight shift back into the dollar, a traditional safe-haven.
* **Heightened Geopolitical Risk & Trade Tensions:** While often supporting gold, the dollar has also seen safe-haven flows amidst renewed uncertainty over global trade policy, particularly regarding US-China relations and potential new tariffs.
* **Technical Levels:**
* **Current Price:** 99.230
* **Daily Support:** Immediate support around **99.100**, stronger at **98.800** and **98.500**.
* **Daily Resistance:** Key resistance at **99.800**, followed by psychological hurdles at **100.000** and **100.500**.
* **Daily Pivot Point:** 99.550. Trading below this suggests potential for continued downside if momentum wanes.
* **EMA Levels:** Below 50-day EMA (99.750) and 100-day EMA (99.900), indicating lingering bearish undertone despite today's bounce.

**Gold (XAU/USD):**

* **Today's Performance:** Gold has retreated from its multi-week highs, currently trading around **$3340.05 per ounce**, down approximately **1.41%** today. This follows a strong rally yesterday.
* **Key Price Drivers:**
* **US Dollar Rebound:** The primary driver is the strengthening of the US dollar, making dollar-denominated gold more expensive.
* **Upbeat US Labor Market Data (JOLTS):** Lessened the immediate urgency for aggressive Fed rate cuts, which are typically bullish for gold.
* **Profit-taking:** Natural profit-taking after a significant rally.
* **Technical Levels:**
* **Current Price:** $3340.05
* **Daily Support:** Immediate downside support at **$3325.00**, followed by **$3310.00** and crucial support at the rising **50-day moving average near $3242.10**.
* **Daily Resistance:** Key resistance at **$3392.31** (yesterday's high), with further resistance at **$3435.06** and **$3500.20**.
* **Daily Pivot Point:** $3290.00. While gold is currently above this, bearish momentum suggests a test of lower levels could be on the cards.
* **RSI:** Currently at 50.95, indicating neutral momentum but retreating from earlier overbought conditions.
* **Moving Averages:** Price is currently below the 50-day SMA ($3292.51) and 200-day EMA ($3313.58), suggesting a bearish trend from a longer-term perspective, despite recent rallies.

**EUR/USD:**

* **Today's Performance:** EUR/USD has pulled back today, currently trading around **1.1370**, down approximately **0.50%**. This reverses some of Monday's gains.
* **Key Price Drivers:**
* **US Dollar Strength:** The primary driver is the broad strengthening of the USD following the JOLTS data.
* **Soft Eurozone Inflation Data:** Preliminary May HICP data came in lower than expected, falling below the ECB's 2% target for the first time in eight months. This reinforces expectations for an ECB rate cut this week.
* **Technical Levels:**
* **Current Price:** 1.1370
* **Daily Support:** Immediate support at **1.1344** (June 2 daily low), then **1.1300**. Further support at the 20-day SMA (1.1278) and 50-day SMA (1.1218).
* **Daily Resistance:** Key resistance at **1.1454** (yesterday's high/multi-week top), followed by **1.1500**.
* **EMA Levels:** Trading below the 50-day EMA, suggesting bearish pressure.

**GBP/USD:**

* **Today's Performance:** GBP/USD has also retreated, currently trading in the low **1.3500s**, down approximately **0.55%**.
* **Key Price Drivers:**
* **US Dollar Strength:** Similar to EUR/USD, the strong USD is exerting downward pressure.
* **Mixed BoE Commentary:** While the Bank of England is expected to cut rates later this year, recent commentary from Governor Bailey has been cautious, allowing for some volatility.
* **Technical Levels:**
* **Current Price:** 1.3500s
* **Daily Support:** Immediate support around **1.3500**, followed by **1.3414** (Fibonacci level).
* **Daily Resistance:** Key resistance at **1.3520** (161.8% retracement level), with further resistance at **1.3600**.
* **Structure:** Retains a bullish structure on a longer timeframe, with the 1.3414 Fibonacci level being crucial for bulls to hold.

**USD/JPY:**

* **Today's Performance:** USD/JPY has rebounded, currently trading around **142.90**, up approximately **0.40%**, recovering from recent weekly lows.
* **Key Price Drivers:**
* **US Dollar Rebound:** The primary driver is the broad USD strength from the JOLTS data.
* **Bank of Japan (BoJ) Commentary:** BoJ Governor Ueda's comments, stating the central bank would only raise rates when confident in sustained economic and price growth, signal patience and likely a prolonged period of ultra-low rates. This weakens the Yen.
* **Yen as Safe-Haven (Counter):** While the Yen benefits from risk-off sentiment (e.g., trade war concerns), the current focus on monetary policy divergence is outweighing this.
* **Technical Levels:**
* **Current Price:** 142.90
* **Daily Support:** Immediate support at **142.20**, then **141.35**.
* **Daily Resistance:** Key resistance at **143.35**, followed by the 200-period SMA on the 4-hour chart near **144.00**, and then **145.00**.
* **Trend:** Despite today's rebound, the pair remains within a descending channel, suggesting a dominant downtrend.

**2. Concise Report: Current Market-Moving Events (Actionable Insights for Retail Traders)**

**Market Sentiment (Risk-on/Risk-off) and Capital Flows:**

* **Current Sentiment:** The market is exhibiting a **mixed sentiment**. The stronger US labor data has injected a degree of **"risk-off"** for currency pairs, as the dollar gains against its major counterparts (EUR, GBP). However, equities remain resilient, indicating a nuanced picture. Gold, a traditional safe-haven, is pulling back due to dollar strength. In JPY, the market is currently more influenced by monetary policy divergence than pure safe-haven flows.
* **Capital Flows:** We are seeing a short-term flow of capital back into the USD across the board, driven by reassessments of Fed rate cut timing. Capital is moving out of EUR and GBP ahead of their respective central bank meetings, and out of JPY due to the dovish BoJ stance.

**Macroeconomic Catalysts:**

* **US Labor Market Data:** Today's **JOLTS Job Openings** (7.391M vs. 7.11M forecast) is a major catalyst. A strong labor market reduces the urgency for the Federal Reserve to cut rates aggressively, underpinning the USD and generally weighing on non-dollar currencies and gold.
* **Eurozone Inflation:** Soft May HICP (Actual: -1.9% YoY vs. ECB 2% target) reinforces expectations for the **ECB rate cut on June 06**. This is a key bearish factor for EUR/USD.
* **Japanese Data:** While some recent Japanese data has shown improvement, the overall picture continues to support the BoJ's patient approach, keeping the Yen under pressure.
* **Upcoming US Data (Crucial):**
* **ADP Nonfarm Employment Change (May) (Tomorrow):** Consensus is 111.00K. A strong reading would reinforce today's JOLTS data and likely strengthen the USD further.
* **S&P Global Composite & Services PMI (May) (Tomorrow):** Further insights into US economic health.
* **ISM Non-Manufacturing Business Activity (May) (Tomorrow):** Crucial for gauging the service sector's strength.
* **Nonfarm Payrolls (Friday):** The week's marquee event. A higher-than-expected NFP print and average hourly earnings growth would bolster the dollar and pressure EUR/USD and GBP/USD, while likely pushing USD/JPY higher. Conversely, a weak report could trigger a significant dollar sell-off.

**Geopolitical Developments:**

* **US-China Trade Tensions:** Renewed accusations and talk of potential new tariffs are a significant geopolitical overhang. This uncertainty typically fuels safe-haven demand. For currency pairs, this could mean increased volatility, with USD and JPY potentially benefiting from safe-haven flows at different times, depending on the specific catalyst.
* **Russia-Ukraine Conflict:** The ongoing conflict continues to contribute to global instability, broadly supporting traditional safe-havens like gold, but also influencing broader risk sentiment.

**Central Bank Signals:**

* **Federal Reserve (Fed):** The Fed remains data-dependent. Today's JOLTS data gives them more flexibility to be patient with rate cuts. Any hawkish comments from Fed Governor Cook or Logan (speaking today) would be USD positive.
* **European Central Bank (ECB):** A **25 basis point rate cut on June 06** is almost fully priced in. Any deviation from this or a more aggressive/dovish forward guidance could trigger significant EUR volatility. A confirmed cut will likely weigh on EUR/USD.
* **Bank of Japan (BoJ):** Governor Ueda's recent dovish comments suggest the BoJ is in no hurry to normalize policy further. This provides a significant tailwind for USD/JPY, making it susceptible to upward movements on strong USD data. The large interest rate differential between the US and Japan continues to favor the dollar.
* **Bank of England (BoE):** While a rate cut is expected later this year, the timing remains uncertain. Governor Bailey's cautious tone keeps the market guessing, leading to intra-day volatility in GBP pairs.

**Critical Data Releases Impacting EUR/USD, GBP/USD, USD/JPY:**

* **Today (June 03):**
* **US JOLTS Job Openings (April):** (Actual: 7.391M vs. Consensus: 7.11M) – **USD Positive**, weighing on EUR/USD and GBP/USD, and supporting USD/JPY.
* **Eurozone HICP (May):** (Actual: -1.9% YoY) – **EUR Negative**, adding pressure to EUR/USD.
* **Tomorrow (June 04):**
* **US ADP Nonfarm Employment Change (May):** (Consensus: 111.00K) – High impact for all USD pairs.
* **US S&P Global Services PMI (May):** (Consensus: 52.3) – Moderate impact for USD.
* **US ISM Non-Manufacturing Business Activity (May):** High impact for USD.
* **Thursday (June 06):**
* **ECB Monetary Policy Statement & Rate Decision:** **Extremely High Impact for EUR/USD.** Anticipated 25bps cut.
* **Friday (June 07):**
* **US Nonfarm Payrolls (May):** (Highly Anticipated) – **Extremely High Impact for all USD pairs.** This will be the week's defining event.

**Actionable Insights for Retail Traders:**

* **USD Dominance (Short-term):** The immediate outlook favors USD strength, driven by robust US labor data and potentially delayed Fed rate cuts. This suggests a bearish bias for EUR/USD and GBP/USD, and a bullish bias for USD/JPY.
* **EUR/USD and GBP/USD Downside Potential:** Both pairs face pressure from a stronger USD and dovish signals from their respective central banks. The ECB rate cut on Thursday is a significant downside risk for EUR/USD.
* **USD/JPY Upside Focus:** The continued dovishness from the BoJ provides a structural tailwind for USD/JPY. Any further robust US data or hawkish Fed rhetoric will likely push the pair higher.
* **Volatility Ahead:** The coming days are packed with high-impact data (US NFP, ECB decision). Retail traders must exercise extreme caution, use appropriate risk management (tighter stop-losses, smaller position sizes), and be prepared for sharp, rapid movements.
* **Monitor Trade War Headlines:** While macro data is currently driving the narrative, sudden geopolitical escalations (especially US-China trade) could quickly shift market sentiment, potentially re-igniting safe-haven demand for gold and the Yen.

We maintain a dynamic view on these assets, adapting our strategy as new information comes to light. The current market narrative is shifting, demanding vigilance and flexibility in trading approaches.

'everyone's on the same path....but not everyone gets success because they keep breaking the trading rules and making same mistakes all the time.
Getting your emotions under control is all trading needs!'

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GOLD sell activated

600 pips possible

Pipsmarshall1:
Abi 3400?

Yes but I believe it has an unfinished business which it should have done before that crazy Monday move.

Buy Eurnzd
Entry: 1.89490
SL: 50 pips

Nzdusd sell
Entry: 0.60024
SL: 50 pips

Reverseng:
Buying and selling pressure doesn't move the financial markets. An algorithm has been coded with Price and Time narrative.

Money is no longer linked to gold. It's electronics generated on the central bank and commercial bank level. So demand and supply factor doesn't work for such, except commodity markets.

Inner circle trader (ICT) mentorship on YouTube teaches this well.

I won't lie to you. It'll take years to get to enlightenment level. But wouldn't you do so and be on the path of financial freedom?

GoodGood luck

Inner circle trader has disgraced himself too much on the Internet. His strategies do not work all the time, and he has been unable to use them to earn anything during streamed live trades.

It is best taken with a pinch of salt and not has a factual truth. IAMHIM

HeatSeeker:
Inner circle trader has disgraced himself too much on the Internet. His strategies do not work all the time, and he has been unable to use them to earn anything during streamed live trades.

It is best taken with a pinch of salt and not has a factual truth. IAMHIM

OfficialP:
'everyone's on the same path....but not everyone gets success because they keep breaking the trading rules and making same mistakes all the time.
Getting your emotions under control is all trading needs!'

This is Me.

Made $30 on deriv last night and still blew it all despite telling myself to close for the day.

I feel soooo Ashamed!!!!

HeatSeeker:
Inner circle trader has disgraced himself too much on the Internet. His strategies do not work all the time, and he has been unable to use them to earn anything during streamed live trades.

It is best taken with a pinch of salt and not has a factual truth. IAMHIM

He will continue to get paid Youtube monthly returns lasan

Eaglepixel:
He will continue to get paid Youtube monthly returns lasan

It is the YouTube streams that give him his revenue not forex trading.

HeatSeeker:
Inner circle trader has disgraced himself too much on the Internet. His strategies do not work all the time, and he has been unable to use them to earn anything during streamed live trades.

It is best taken with a pinch of salt and not has a factual truth. IAMHIM

is there a strategy that works all the time?

HeatSeeker:
It is the YouTube streams that give him his revenue not forex trading.

Omo... forex dey pay oo 💯💵

(..but, only if you know these 3 things: 1. HOW to trade. 2. WHAT to trade. and 3. WHEN to trade.)

The only ones that suffer in this Forex are the hasty and impatient ones who refused to learn the trade like the prodigal son 😃 (na joke oo).

But seriously, it requires a profitable mentor, to really learn this trade.

The only barrier a Lossing trader have, is not capital... But knowledge✅ (I learned this earlier when I almost blew N2,500,000 client account 🙄).

That is why even if you received a profitable setup like others, you might still fail while others are reporting profit.

Knowledge is power.🔥

If you cannot manage $50 for 30-days, forget prop firm.

Petah:
is there a strategy that works all the time?

Omo keep practicing... but avoid demo accounts. Practice with cent account instead. Trading the real market every day prepares you for the next move.

The market never changed.. but your psychology fluctuate... especially when your money is involved.

You cannot drive Benz the same way you drive tortoise car.
...
So to answer your question, YES... there is a strategy that works all the time.

Petah:
is there a strategy that works all the time?

Ogbeni ICT results are less than the hype behind it.

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Reverseng:
Lol

Inner circle made it so

Look deeper. Don't focus on the clout.
Check his 12 months core mentorship, correlate with your charts, then you'll understand why all was made so

It was purposely made difficult so pearls won't be cast to pigs. So far, pigs prefer mud

Good luck Heatseeker

It's not on purpose jare! The guy and him philosophy no be am at all. It only appeals to people with conspiratorial line of thinking. He has failed repeatedly to demonstrate its true efficacy in real time.

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Reverseng:
Allrrri
I hope you find what you're looking for

IAMHIM

HeatSeeker:
Ogbeni ICT results are less than the hype behind it.

agreed. No worries boss.

LincolnOnyeabor:
This is Me.

Made $30 on deriv last night and still blew it all despite telling myself to close for the day.

I feel soooo Ashamed!!!!

If you check well it could be lotsize issue.

You need to have a determined lotsize for each account size.

Fxwarrior:
If you check well it could be lotsize issue.

You need to have a determined lotsize for each account size.

Actually not lotsize self.

I know almost all the Lotsizes of deriv Bolatily pairs.

This was pure Greed and indiscipline!

Nothing else!!!

One of the most over-looked strategy is staying calm after straight 3 loss 🛑. Over trading, kills.

Fxwarrior:
GOLD sell activated

600 pips possible

This might still be possible by tomorrow.
Buyers should be cautious.