Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2 June

market news summary

USDX hits a resistance;

EURUSD signals a bounce;

Crude oil shed $3;

Gold is set to decline.

U.S. Dollar Index (USDX)

US Dollar Index chart on 2 June 2022

The U.S. benchmark 10-year yield hit a two-week high of 2.951% on Wednesday, with data showing U.S. manufacturing activity picked up in May 2022 as demand for goods remained strong. The manufacturing purchasing managers’ index (PMI) at 57 and the ISM manufacturing PMI was 56.1.

U.S. job openings also remained at high levels, with the Institute of Supply Management (ISM) manufacturing employment index at 49.6 and the JOLTs jobs opening index at 11.4 million. Yields have been on an upward trend as the U.S. Federal Reserve has hiked interest rates quickly to curb inflation and avoid an economic recession.


The U.S. dollar index hit resistance at 102.60 on the hourly chart forming a retreating pattern, that targets 101.90. Meanwhile, on the daily chart, the USDX is trying to break out of the declining trend.

Additionally, the index trades above the 20 SMA and the 55 SMA which is a bullish signal, but price action indicates a likelihood of decline. Technical indicators also show a likelihood of further decline.




EURO chart on 2 June 2022

The common currency fell by 0.10% to its lowest rate in over a week hitting the support of 1.0650 while indicating a change in direction.

However, Fibonacci retracement shows support at 1.0650 while technical indicators show a possibility to reach 1.0700. Though, the 20 SMA moving average on the daily chart remains above the price level while the 55 SMA is below, which indicates a swing and hovering between these levels.



Sterling Pounds (GBPUSD)

Sterling Pounds chart on 2 June 2022

The Sterling pound is trading below the 20 SMA and 55 SMA on the hourly char indicating further decline, meanwhile, the Cable is moving alongside the lower band signaling a likelihood of a bounce towards 1.2570.

In the meantime, on the Daily chart, the pair is trading between the 20 SMA and 55 SMA, indicating further advance in the longer time frame, and remains near the daily resistance of 1.2610.



Japanese Yen (USDJPY)

Japanese Yen Chart on 2 June 2022

The Japanese Yen continued its losses hitting a floor at 130.20 and recording the weakest level in three weeks, the pair found resistance at 130 and started forming a declining pattern. On the daily chart, the USDJPY is likely to return to the main uptrend targeting 131.30 in case it broke above 130.20.

Though, Technical indicators on both the hourly and the daily charts are easing and signaling a change in the trend. that the pair is slowing the fall as the U.S. dollar buying activities provide support but keeps the possibility of a slight decline towards 126.70.



Spot Gold (XAUUSD)

Spot Gold chart on 2 June 2022

Gold inched up to $1,853 and is down about 2.4% in the month to date, the most since September 2021. In the hourly chart, spot gold prices are swinging inside the downward regression channel following a soft slope, gold prices are set to touch 1,854 before it starts retreating towards 1,824 following the slope of the regression channel.

On the daily chart, the precious metal returns to its primary decline trend targeting the resistance at 1,810 and 1,790. However, spot gold shows a change in direction and signals further decline below the support at 1,842 during the day.



West Texas Crude (USOUSD)

West Texas Crude chart on 2 June 2022

Oil was down $3 a barrel during the morning trades as investors closed the gains from the recent rally. Additionally, supply worries rise with OPEC and allies meeting later in the day is set to pave the way for expected output increases.

China’s easing of some COVID-19 lockdowns has added to price support, but a strengthening U.S. dollar limited the black gold gains. Meanwhile, Wednesday’s U.S. crude oil supply from the American Petroleum Institute showed a draw of 1.181 million barrels for the week ended May 26. Investors now await crude oil supply from the U.S. Energy Information Administration, due later in the day.

Brent oil fell 1.69% to $114.33 after gaining 0.6% during the previous session. WTI slid 1.87% to $113.10, after gaining 0.5% on Wednesday. Both Brent and WTI futures have been on an upward trend for several weeks, as European Union and U.S. sanctions against Russia over its invasion of Ukraine on Feb. 24 squeezed Russian exports.


WTI fell from 116.33 yesterday to 110.30 early this morning, losing a total of $6 overall and $3 only during the Asian sessions.

However, as was mentioned yesterday, the crude oil reflected market correction from Bollinger Bands readings. Today WTI is likely to swing to the same level as the 55 SMA at 114.50. Fibonacci retracement shows firm support at 109.50 and is stronger if held above 113.40. RSI is showing WTI is oversold, while MACD shows a continuation of the decline.




Online Trading App

App Score