News

United States CFTC Oil NC Net Positions fell from previous 186.4K to 165.7K

Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in US Treasury bond yields following a strong inflation report, which keeps traders hopeful that the US Federal Reserve (Fed) will ease policy in 2025. XAU/USD trades at $3,289, down 0.83%.

The Trump administration warned that Social Security benefits could be garnished for defaulted student loans as early as June. What to know.

Bank of Japan info comes via Japanese media, Nikkei (gated):

• The Bank of Japan has set aside the maximum provisions for losses on
  bond transactions
• a sign of how the central bank is preparing for
  rising interest rates
• For fiscal 2024, the
  BOJ raised the level of provisions to 100% for the first time, Nikkei
  has learned
• the provisions are funded with income from bond and other transactions
• provisions … target has usually been 50% of income … pre- fiscal 2024, the BOJ had gone as high as 95% in fiscal 2018 … in fiscal 2024, the BOJ increased provisions by 472.7 billion yen ($3.28 billion at current rates), compared with a 922.7 billion yen increase in fiscal 2023

Bank of Japan Governor Ueda

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

Over the weekend we had the official PMIs from China for May:

• China May Manufacturing PMI rose to 49.5 (prior 49.0), Non-manufacturing 50.3 (prior 50.4)

Note that Chinese markets are closed today, Monday, June 2, 2025, for a holiday. New Zealand markets are also closed today.

The data agenda ahead is lower-tier only:

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

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

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

“I was disappointed to see the massive spending bill,” Elon Musk said on CBS’s “Sunday Morning.”

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week. Indicative rates, a little change from late Friday, the US dollar just a touch weaker in early going:

• EUR/USD 1.1355
• USD/JPY 143.88
• GBP/USD 1.3457
• USD/CHF 0.8239
• USD/CAD 1.3738
• AUD/USD 0.6441
• NZD/USD 0.5974

Data over the weekend:

• China May Manufacturing PMI rose to 49.5 (prior 49.0), Non-manufacturing 50.3 (prior 50.4)

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

Eurozone CFTC EUR NC Net Positions up to €79.5K from previous €74.5K

United Kingdom CFTC GBP NC Net Positions up to £35.4K from previous £24K