Author: TerraBullMarkets

Gold enters the todays London session with a constructive short-term bias, supported by a defensive market tone, renewed geopolitical risk premium, and a technical rebound from the recent lows. While the US dollar and Treasury yields remain important headwinds, price action has so far shown resilience, with buyers stepping back in around key intraday support zones. The setup is therefore not a chase higher, but a disciplined dip-buying opportunity, provided Gold continues to hold above the near-term invalidation area and broader risk sentiment remains fragile. For today’s session, the focus is on whether Gold can maintain support around the 4464…...

NZDUSD enters today’s session under renewed downside pressure as a firmer U.S. dollar, resilient Treasury yields, and softer risk appetite continue to weigh on high-beta currencies. The pair is trading close to the psychologically important 0.5900 region, a level that now acts as a key short-term pivot for momentum traders. With the Dollar Index attempting to hold above recent support and U.S. yields remaining elevated, the balance of risks favors further downside unless the pair can reclaim resistance decisively. From a macro perspective, the New Zealand dollar remains vulnerable to a combination of weaker global growth sentiment, sensitivity to China-linked…...

USDJPY begins the session with a constructive bullish bias as firmer US Treasury yields, a resilient US dollar, and positive risk sentiment continue to weigh on the yen. The pair is holding near the upper end of its recent range, with price action supported by a rebound in US 10-year yields and a stable-to-firmer Dollar Index. This creates a favorable backdrop for continuation higher, particularly if upcoming US manufacturing data reinforces the view that the US economy remains resilient while inflation pressures remain sticky. From a macro perspective, the setup is being driven primarily by US yield direction and broader…...

ISM Manufacturing PMI Preview: Upside Surprise Risk Builds Ahead of Monday’s US Factory Data The next major US macro test arrives on Monday 1 June 2026 at 15:00 UK time, with the release of the May ISM Manufacturing PMI and the accompanying ISM Manufacturing Employment Index. The street is looking for a broadly stable manufacturing print, with consensus around 52.6 and forecast at 53.0, following April’s 52.7 reading. Our call is more constructive. We expect the headline ISM Manufacturing PMI to print closer to 53.7, implying a moderate but meaningful upside surprise versus consensus. For the employment component, we expect…

The NZDUSD setup stands out as one of today’s cleaner FX opportunities, with the New Zealand dollar showing strong relative strength against a broadly softer and increasingly hesitant US dollar. NZDUSD has benefited from a combination of improving risk appetite, supportive RBNZ rate expectations, and a loss of upward momentum in the Dollar Index around the 99.00 – 99.25 resistance zone. From a technical perspective, NZDUSD is trading with constructive short-term momentum, with buyers continuing to defend pullbacks while price holds above key near-term support. This gives the setup a favorable risk-reward profile, particularly if broader market sentiment remains positive…...

Gold enters today’s session under renewed pressure as the market continues to weigh firmer US dollar conditions, elevated Treasury yields, and rising oil-driven inflation concerns. Although geopolitical risks remain present, particularly around the Middle East and Iran-related headlines, the current price action suggests that gold is not receiving a strong enough safe-haven bid to offset the drag from rate-sensitive macro factors. With the US 10-year yield holding around the 4.50% area and the Dollar Index recovering near the 99.00 level, gold has shifted back into a yield-and-dollar-driven trading regime. The latest charts show a clear breakdown from the recent consolidation…...

USDJPY remains one of the cleaner A+ opportunities on today’s board, with the pair continuing to benefit from a supportive combination of stronger U.S. dollar demand, firmer U.S. yields, and renewed geopolitical risk premium. The latest move higher has been driven by a broad USD bid as markets react to elevated oil prices, U.S. / Iran tensions, and resilient U.S. macro data, all of which keep the Federal Reserve’s policy path relatively restrictive compared with the Bank of Japan. From a technical perspective, USDJPY is holding a constructive intraday structure, with buyers continuing to defend dips while price remains above…...

USDJPY remains one of the cleanest FX setups on the board today, with the pair trading around the psychologically important 160.00 area as higher US Treasury yields and a firm US dollar continue to support upside momentum. The move is being driven primarily by the widening policy and yield gap between the US and Japan, with the US 10-year yield holding near recent highs while the dollar index continues to grind higher. However, this is not a setup to chase blindly. With USDJPY trading above 160.00, the risk of Japanese official intervention rhetoric, or even direct market action, rises materially.…...

USDJPY enters today’s session at a key inflection point, with the pair trading close to intervention-sensitive territory while fresh Bank of Japan developments have strengthened the case for renewed yen support. Although the US dollar remains underpinned by firm Treasury yields and a modest DXY rebound, the latest BoJ policy split with several members favoring a rate hike. This has shifted attention back toward Japanese policy normalization and the risk of further yen short-covering. Against this backdrop, the preferred setup is to look for selling opportunities on USDJPY rallies rather than chasing weakness at market. A move back into resistance…...

GBPJPY enters today’s session with a constructive intraday bias, supported by a combination of yen weakness, resilient sterling, and continued sensitivity to energy-market and geopolitical risk. With oil prices elevated and Japan remaining highly exposed to imported energy costs, the yen continues to face pressure from deteriorating terms-of-trade dynamics, while sterling retains relative support as markets weigh the inflation implications for the Bank of England outlook. Technically, the pair remains firm near recent highs, with buyers continuing to defend shallow pullbacks. However, with USDJPY trading close to psychologically important intervention-sensitive levels, the setup requires disciplined execution. The preferred approach is…...