Daily Market Newsletter

June 2, 2026

Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.

Web TV from Trading Central

AUD/USD Intraday: Key Resistance Expected at 0.7175

AUD/USD intraday outlook remains bearish below the key resistance at 0.7175.

WATCH NOW

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Monday, major U.S. stock indexes achieved record closing levels again after posting modest gains, with the S&P 500 adding 19 points (+0.26%) to 7,599, and the Nasdaq 100 up 180 points (+0.60%) to 30,513.

The Dow Jones gained 46 points (+0.09%) to 51,078.

Nvidia (NVDA) rose 6.26%. The chip giant unveiled RTX Spark, a new chip that embeds artificial intelligence capabilities into personal computers using Microsoft’s (MSFT) Windows systems.

Microsoft (MSFT), a collaborator in the development of the RTX Spark chip, rose 2.28%.

Dell Technologies (DELL) jumped 10.70%, and HP Inc (HPQ) bounced 8.51%. These companies’ personal-computer products are among the first to be equipped with Nvidia’s new chip.

On the other hand, Qualcomm (QCOM) fell 8.78%, Intel (INTC) dropped 4.67%, and Advanced Micro Devices (AMD) was down 1.16%, as Nvidia’s new chip may pose competition against those companies’ chip products.

Micron Technology (MU) gained 6.64%, closing above the key level of 1,000 dollars for the first time.

MGM Resorts International (MGM) climbed 16.08%. Media mogul Barry Diller's People Inc. offered to buy the casino operator for 18 billion dollars or 48.30 dollars per share.

Hewlett Packard Enterprise (HPE) closed 9.20% higher and soared 25% in after-market hours. Driven by surging demand for artificial-intelligence infrastructure, the enterprise technology infrastructure provider gave a strong quarterly earnings report and raised its business outlook.

The U.S. 10-year Treasury closed 1.6 basis points higher at 4.453%, halting a seven-session decline.

European stocks closed lower, with the DAX 40 falling 0.40%, the CAC 40 down 0.45%, and the FTSE 100 down 0.68%.

Oil prices were boosted by a lack of obvious progress in the U.S.-Iran peace deal. U.S. WTI crude futures rose 4.80 dollars (+5.49%) to 92.16 dollars a barrel.

Gold retreated 55 dollars (-1.21%) to 4,485 dollars an ounce.

Market Wrap: Forex

The U.S. dollar traded higher as tensions between the U.S. and Iran showed no further signs of easing.

Meanwhile, the U.S. Institute for Supply Management (ISM) manufacturing index improved to 54.0 in May, better than expected.

EUR/USD fell 28 pips to 1.1631.

Germany’s retail sales declined 0.3% month-on-month in April (as expected).

USD/JPY gained 40 pips (+0.25%) to 159.66, close to the psychologically-important level of 160.

Traders are closely watching a speech by Bank of Japan Governor Kazuo Ueda on Wednesday for possible rate-hike signals.

GBP/USD was little changed at 1.3454, while AUD/USD declined 25 pips to 0.7158.

USD/CHF rose 54 pips to 0.7864, and USD/CAD was up 46 pips to 1.3841.

Bitcoin saw its recent weakness extend, sliding 3% to 71,400 dollars.

Morning Trading

In Asian trading hours, U.S. WTI crude futures eased to 91.30 dollars a barrel.

EUR/USD remained subdued at 1.1632, while GBP/USD was broadly flat at 1.3455.

Meanwhile, USD/JPY held gains at 159.70.

Gold was little changed at 4,488 dollars.

Bitcoin fell to 70,907 dollars.

Expected Today

The eurozone's inflation rate is expected to accelerate to 3.4% year-on-year in May.

In the U.S., the JOLTs job openings are estimated at 6.8 million.

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