Core Viewpoint - The Reserve Bank of Australia's Governor, Philip Lowe, indicated that fluctuations in monthly employment data will lead the committee to make similar interest rate decisions [1] Group 1 - Monthly employment data is subject to volatility, which influences the Reserve Bank's decision-making process regarding interest rates [1]

Core Viewpoint - The Federal Reserve's FOMC statement indicates that all committee members unanimously agreed on the current interest rate decision, maintaining consistency with the previous meeting [1] Group 1 - The decision reflects a consensus among committee members, suggesting stability in monetary policy [1] - The interest rate remains unchanged, indicating a cautious approach to economic conditions [1]

Group 1: Currency Market Overview - The euro attracted some dip-buying, rising to around 1.1450 during the European session [1] - The British pound gained traction above 1.3550 due to a weaker dollar [1] - The Japanese yen maintained slight gains, with USD/JPY dropping to the 144.20 area, marking a new daily low [1] - The Australian dollar slightly recovered from previous losses, while the New Zealand dollar traded around 0.6040, recovering recent declines [1] Group 2: U.S. Economic Indicators - U.S. non-farm payrolls for May slightly exceeded expectations, with previous months' data significantly revised down [2] - The unemployment rate remained stable, and average hourly earnings were better than expected, leading to reduced bets on Fed rate cuts [2][3] Group 3: Central Bank Insights - Federal Reserve officials emphasized the need for patience, indicating that it is not yet time for preemptive measures [3] - The Fed is expected to propose changes to the regulatory ratings for large banks to enhance the supplementary leverage ratio [3] - The European Central Bank's officials expressed differing opinions on interest rate decisions, with the neutral nominal rate estimated at around 3% [6][9] - The Bank of Japan is reportedly considering slowing the pace of its bond purchase reductions [7] Group 4: Technical Analysis - The GBP/USD is trading near the 20-period simple moving average, indicating a retreat of buyers, with resistance levels identified at 1.3590-1.3600 and 1.3700 [14] - The AUD/USD is consolidating between support at 0.6400 and resistance at 0.6500, with the RSI indicating a balance of power between bulls and bears [14] - For USD/JPY, failure to hold the support near 144.25/50 could lead to further declines, with key support at 142.37 [15]

Group 1: US Economic Indicators - US non-farm payrolls in May slightly exceeded expectations, but previous two months' data were significantly revised downwards; unemployment rate remains stable, and average hourly earnings were better than expected; bets on Fed rate cuts have decreased [2] - Fed's Harker calls for patience, stating that it is not the time for preemptive measures [2] - Fed Governor Bowman suggests proposing changes to the regulatory ratings for large banks; regulatory agencies will soon announce proposals to enhance the supplementary leverage ratio [2] Group 2: European Central Bank (ECB) Insights - ECB Governing Council member Holzmann expresses differing opinions on this week's interest rate decision, stating that the current nominal neutral rate is around 3% [3] - ECB Governing Council member Vujcic indicates that the current round of rate cuts is nearing its end [4] - ECB Governing Council member Centeno states that interest rates will stabilize around 2% for the foreseeable future [5] Group 3: Other Central Bank Developments - New Zealand's Chief Economist Conway mentions that lower interest rates will promote economic growth in the second half of the year [4] - The Bank of Japan is reportedly considering slowing the pace of its bond purchase reduction [5] - Japanese Prime Minister Kishida states that Japan is gradually entering a phase of rising interest rates [5] - Bank of England member Green notes a short-term rebound in prices, but deflationary trends will continue [5] - ECB Governing Council member Escrivá suggests that the path for the benchmark interest rate may require slight adjustments [5]

Group 1 - The European Central Bank (ECB) President Christine Lagarde stated that the ECB "almost unanimously" approved the interest rate decision, with one member dissenting [1] - The previous meeting had a unanimous decision [1]

Core Points - Eurozone inflation rate dropped to 1.9% in May, exceeding expectations and falling below the European Central Bank's (ECB) target of 2% [1][2] - Following the inflation data release, yields on Eurozone bonds, including German, Italian, and French bonds, decreased [1] - Economists had anticipated a 2% inflation rate for May, while the previous month's rate was 2.2% [2] Group 1: Inflation Data - Eurozone inflation rate for May was reported at 1.9%, down from 2.2% in April [1][2] - The decline in inflation is significant as it moves closer to the ECB's target of 2% [1] Group 2: Bond Yields - 10-year German bond yield fell by 2.1 basis points to 2.503% [1] - Other bond yields also saw declines, with 10-year Italian bond yield down 1.6 basis points to 3.495% and 10-year French bond yield down 1.3 basis points to 3.174% [1] Group 3: ECB's Monetary Policy - The ECB is expected to consider the latest inflation data in its upcoming interest rate decision [3] - Market pricing indicates a 95% probability of a 25 basis points rate cut by the ECB [3] Group 4: Economic Outlook - The European Commission is advocating for the U.S. to reduce or eliminate tariffs despite potential increases in steel and aluminum tariffs [4] - The OECD projects Eurozone economic growth of 1% in 2025, with inflation expected to reach 2.2% this year [4]

Market Overview - International gold prices opened high and fluctuated, closing at $3,231.59 per ounce after reaching a high of $3,249.78 and a low of $3,206.24 [1] Economic News - Federal Reserve Vice Chairman Jefferson stated that the downgrade of the U.S. credit rating by Moody's will be treated as ordinary economic data in monetary policy decisions, emphasizing the focus on achieving maximum employment and price stability [2] - Federal Reserve's Bostic anticipates one rate cut this year, with potential for earlier action if trade negotiations progress positively [2] - The U.S. Treasury is not expected to announce any trade agreements at the upcoming G7 finance ministers' meeting [3] - India is reportedly discussing a three-part trade agreement with the U.S., with a temporary agreement expected before July [4] Geopolitical Situation - U.S. President Trump announced that Russia and Ukraine will "immediately" begin talks to end the conflict following a phone call with President Putin, highlighting the importance of negotiations led by both parties [6] - Both Trump and Putin expressed support for normalizing U.S.-Russia relations and agreed to continue dialogue on various issues, including a potential prisoner exchange [7] - Putin acknowledged the productive nature of the conversation with Trump and expressed readiness for direct dialogue with Ukraine regarding peace negotiations [8] Gold Market Insights - The largest gold ETF, SPDR Gold Trust, increased its holdings by 2.3 tons, bringing the total to 921.03 tons [9] - According to CME's FedWatch, there is a 91.4% probability that the Federal Reserve will maintain interest rates in June, with an 8.6% chance of a 25 basis point cut [9] Technical Analysis - Gold prices are showing a strong oscillating trend, with short-term support around the 3200 level and resistance near 3250 [12] - Day trading strategies suggest cautious trading with a focus on oscillation, recommending entry points around 3200 for long positions and 3250 for short positions [13]

Core Viewpoint - The decision on interest rates in June by the European Central Bank will be influenced by upcoming data releases [1] Group 1 - The European Central Bank's governing council member and head of the German central bank, Nagel, emphasized the importance of forthcoming data for the June interest rate decision [1]

Core Viewpoint - The European Central Bank's decision on interest rates in June will depend on subsequent data [1] Group 1 - The ECB's Nagel emphasized the importance of upcoming economic data for the June interest rate decision [1]

Core Viewpoint - The Bank of England's monetary policy committee member, Green, expressed significant indecision regarding interest rate cuts during the recent monetary policy decision-making process [1] Group 1 - Green supported a 25 basis point rate cut in the last interest rate decision [1]