• China vice president Han Zheng says US-China relations are at ‘critical juncture’

    • Mutual respect, peaceful coexistence, cooperation between US and China is in the interests of both parties and conducive to world development and peace

    Just a point to note that the US-China Track II dialogue is an informal set of discussions between the two countries. So, this is the meeting that Han Zheng is coming from. There is no further mention of what was discussed but typically they are looking to find some common ground and discuss potential understandings on pretty much everything. There’s still no word about a Trump-Xi phone call though, so that’s still something to watch out for before the end of the week.

    This article was written by Justin Low at www.forexlive.com.

  • One last consecutive rate cut for the road by the ECB?

    The 25 bps rate cut today will bring the deposit rate back to 2.00%. And that will fit in between the estimate for the neutral rate by the central bank, which is roughly around 1.75% to 2.25%. That said, one can reasonably expect Lagarde & co. to continue to not put much emphasis that this is the range where the ECB will stop. At least not when there are still significant downside risks to the economy still looming large.

    So, what else can we expect from the ECB today besides the 25 bps rate cut?

    Not much really. The forward guidance will continue to center around the current data dependent approach and that they will take things meeting-by-meeting. Lagarde’s interpretation of this and the risks surrounding the outlook heading into the summer will be one to watch instead.

    The question is, will there be an explicit hint or suggestion of a pause in July? I want to say yes but then again, the ECB has time to play with so they can hold back on that today. The July decision only falls on the fourth week of the month and policymakers will still have to weigh trade discussions between the EU and US, which supposedly has a deadline for 9 July.

    Given the potential for downside risks to materialise and the amount of uncertainty up in the air, don’t expect the ECB to be firm on any narrative about pausing today. Lagarde will certainly reiterate that there is a lot of uncertainty to filter through and they will want to maintain as much flexibility to deal with that.

    As things stand, markets are pricing in just 30 bps of rate cuts after deducting the decision from today. That means just one more rate cut is priced in between the four meetings from July to December. That one rate cut is only fully priced in by the October meeting.

    So, that sets the stage on where we are at heading into the policy decision today. If anything, the balance of risks lies to the hawkish side should there be any mentions about pausing in July to appease the hawks on the board. But if Lagarde spins it as leaving a vague door for further easing instead i.e. no clear explicit guidance, that will be seen as her doing her job right.

    The market reaction will ride on her press conference for the most part as such.

    This article was written by Justin Low at www.forexlive.com.

  • What are the expectations for the ECB decision coming up later?

    The ECB is widely expected to cut by 25 bps and bring the policy rate down to 2.00%. The central bank is also expected to revise its economic projections downward for growth and inflation.

    The market expects the ECB to cut by 25 bps again in September and reach the bottom of their neutral rate range at 1.75%. This could be a non-event given that everything is pretty much priced in and it will be hard to get any surprise.

    President Lagarde is likely to strike a more neutral tone and reaffirm data dependence as they approach the end of their easing cycle.

    This article was written by Giuseppe Dellamotta at www.forexlive.com.

  • Nasdaq Analysis for Today with tradeCompass

    Nasdaq Analysis for Today (June 5, 2025): tradeCompass Methodology

    Current Nasdaq Futures Price: $21,748 (hovering around today’s VWAP)

    Nasdaq Analysis Today: Market Context & Directional Bias

    Today’s Nasdaq analysis highlights a narrow trading range persisting since yesterday, characterized by a nearly doji-like formation indicating indecision among market participants. Today’s price action remains tight around the VWAP, suggesting limited conviction for significant moves yet.

    tradeCompass identifies a cautiously bullish scenario above $21,750, which corresponds closely with today’s Volume-Weighted Average Price (VWAP). For traders seeking early Nasdaq price predictions, entering trades around this level provides higher reward versus risk potential due to tighter stop placements but inherently carries greater uncertainty.

    Educational Insight: Nasdaq Analysis Using Volume Profile & VWAP

    Volume Profile in Nasdaq Analysis:
    Volume Profile is crucial in today’s Nasdaq analysis, visualizing traded volume at specific price points. High-volume areas like the Point of Control (POC) or Value Area boundaries (VAH/VAL) typically serve as strong intraday support and resistance. Traders frequently use these volume clusters to identify strategic entry and exit points.

    VWAP for Precise Nasdaq Price Prediction:
    Volume Weighted Average Price (VWAP) is vital for accurate Nasdaq price predictions, representing the average transaction price adjusted for volume throughout the trading day. VWAP standard deviation bands assist traders in pinpointing optimal partial profit-taking and risk mitigation zones, helping to define entry, exit, and stop-loss strategies.

    Bullish Trade Plan According to Today’s Nasdaq Analysis with tradeCompass

    Bullish Threshold: Nasdaq Futures bullish above $21,750

    Partial-Profit Targets for Bulls (Strategically defined using VWAP & Volume Profile):

    • $21,763.5: Just below today’s second upper VWAP standard deviation.

    • $21,771: Slightly under yesterday’s POC and today’s third upper VWAP deviation.

    • $21,789.5: Slightly below yesterday’s VAH, key resistance in volume profile analysis.

    Runner Targets for Extended Nasdaq Price Prediction:

    • $21,840: Ideal strategic area above recent tight trading ranges.

    • $21,855: Below the May 29th VAH, representing significant historical volume resistance.

    • Optional ambitious runner target at $22,000, a psychological round number.

    Bearish Trade Plan According to Today’s Nasdaq Analysis with tradeCompass

    Bearish Threshold: Nasdaq Futures bearish below $21,740 (below yesterday’s VWAP)

    Given the current tight trading range, Nasdaq traders today should employ quick partial profit-taking to manage risk effectively.

    Partial-Profit Targets for Bears:

    • $21,734: Quick initial profit target for immediate risk reduction.

    • $21,726: VWAP standard deviation band offering logical support.

    • $21,713: Key high-volume node identified in yesterday’s volume profile.

    • $21,704.5: Slightly above the POC from two days ago, a strong volume-based support.

    • $21,629: Near June 3rd VWAP, representing another high-confidence area.

    • $21,591: Just above June 3rd VAL, marking a deep but feasible bearish target.

    Trade Management Reminders for Nasdaq Traders Today

    • Consider taking partial profits at defined targets to mitigate risk.

    • After reaching the second profit target, Nasdaq traders may consider moving stops to entry to protect gains, though adjustments should align with individual trading strategies and risk tolerance.

    • Regularly reassess your positions as per evolving price action and market dynamics.

    Disclaimer:

    Rebranding Notice

    This Nasdaq analysis today is brought to you by tradeCompass, soon to be part of investingLive.com, your comprehensive source for stocks, commodities, crypto, and investing insights.

    Join Us on Telegram

    Stay ahead with timely stock picks, market insights, and real-time updates by joining the investingLive.com Stocks Telegram channel today! This Nasdaq analysis today provides directional guidance only and is not financial advice. Always trade responsibly according to your personal strategy and risk management protocols.

    This article was written by Itai Levitan at www.forexlive.com.

  • Japan 30-year bond auction bid-to-cover ratio 2.92 vs prior sale 3.07 & 12-month Avg 3.39

    Japan finance ministry 30 year Japanese Government Bond auction bid-to-cover ratio 2.92

    • prior sale 3.07
    • & 12-month average 3.39
    • weakest demand ratio since 2023 (in December 2023 ut was 2.615)
    • average yield 2.904%, yield at lowest accepted price 2.938%
    • auction tail at 0.49 yen versus 0.30 yen at previous auction

    Not strong results in Japan. The weak demand reflects the concerns over rising yields globally, not just in Japan.

    Added:

    • Yield on 20-yr JGB pares decline after auction results, last down 3.5 bps at 2.39%

    • Yield on 30-yr JGB pares decline after auction results, last down 2.5 bps at 2.92%

    Finance minister Kato

    This article was written by Eamonn Sheridan at www.forexlive.com.

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