Trade ideas for May 31-June 4

Trade ideas for May 31-June 4

2021-05-28 • Updated

The market is preparing for an active week. Have a look at the trading instruments with the most interesting potential!

Trade ideas for the new week


Is the uptrend slowing down after the euro’s attempt to break above 1.22? Looks like that! Friday will be the climax of the week with Nonfarm Payrolls (NFP) and the speeches of European and American central bank governors. EUR/USD may slide to 1.2100.


After New Zealand’s central bank sent NZD/USD flying, traders will expect no less from the Reserve Bank of Australia. The RBA will meet on Monday and Australian economic growth data will come out on Wednesday. A breakout in AUD/USD will lead it either to 0.7580 or to 0.7960.


The precious metal reached $1900 and made a natural pause. XAU/USD will remain in a short-term uptrend as long as the price is above $1880. It will be able to keep pushing higher if the US figures disappoint.


Brent oil is near the strong resistance of $70-$71. OPEC+ nations will meet on June 1. All eyes will be on the prospect of Iranian oil returning to the market and the group’s view on the demand for oil. Follow the news to grasp trade opportunities.

Virgin Galactic

This stock is at the center of the market’s attention. According to analysts, there may be a short squeeze, i.e. the rapid closing of sell trades. If so, the price will keep soaring toward 2021 high around $60.



What Can Drive Oil below $90 a Barrel?
What Can Drive Oil below $90 a Barrel?

The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.

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Will USDJPY slide lower in 2023?
Will USDJPY slide lower in 2023?

Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?

BoC Rates Could Alter The Trend on USDCAD and others
BoC Rates Could Alter The Trend on USDCAD and others

Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.

MSFT faces gloomy forecasts ahead of earnings report
MSFT faces gloomy forecasts ahead of earnings report

In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.

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