Market Analysis
XAUUSD weekly: gold retreats 103 pips to 4436.63, 2026-06-01
Gold opened the week at 4539.41 and closed at 4436.63, shedding 103 pips as risk appetite improved.
2 min leesEUR/USD opened Monday at 1.16481 and touched a weekly high of 1.16644 before sliding to close Friday at 1.16141. The pair shed 340 pips or 0.29% across the five trading days, with the bulk of losses concentrated in Wednesday's session where price dropped to the weekly low of 1.15941.
Thursday's headline captures the week's story: "The USD has reversed most of the earlier declines vs the EUR, JPY and GBP." Dollar strength emerged as the dominant theme, particularly as Asian markets came under pressure. South Korea's KOSPI index plunged sharply while the won hit a 17-year low against the dollar, triggering safe-haven flows into USD.
China's central bank policy moves added to the dollar bid. When emerging market currencies weaken sharply, EUR/USD typically catches the spillover selling as traders reduce risk exposure across the board.
No high-impact events are scheduled for EUR/USD in the coming week according to the economic calendar. This leaves the pair vulnerable to continued position squaring and technical trading. Without fresh fundamental catalysts, any recovery attempts will likely meet resistance near this week's high at 1.16644. Conversely, a break below Wednesday's 1.15941 low would open the path toward 1.1550.
LHFX client positioning shows 51.6% of traders are long EUR/USD versus 48.4% short as of Friday morning. This nearly balanced split reflects the market's indecision after the week's volatility. The slight long bias suggests retail traders view current levels as a buying opportunity, though the narrow margin indicates no strong conviction either way.
The weekly low at 1.15941 stands as immediate support. If price closes below there, the psychological 1.1550 level comes into focus. On the upside, this week's high at 1.16644 marks first resistance, followed by the 1.1700 round number. Friday's tight 97-pip range suggests consolidation before the next directional move.
Byline: LHFX Research
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RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.