• Fed expected to leave rates unchanged for 4th consecutive time 

• Updated “dot plot”, SEP and Powell under the spotlight 

• Hawkish messaging from Fed may boost USD while weakening Gold 

• US500, NAS100 and Bitcoin forecasted to move over 1.5% up/down

• FXTM’s USDInd ↓ 1% MTD

• Geopolitical risk + Fed decision = fresh volatility?

• Over past year Fed decision triggered moves of ↑ 0.4% & ↓ 0.8%

• GBP + JPY + CHF + SEK = 33% of USDInd weight 

• Technical levels: 98.00, 98.70 and 50-day SMA

• Soft US CPI boosts Fed cut bets; 2 cuts priced in for 2025 

• Trump says deal with China is “done” but trade uncertainties persist 

• Dollar hits fresh 2025 low, Bitcoin capped below $110k 

• Gold boosted by risk-off mood, ↑ 29% YTD 

• Bitcoin ↑ over 4% this week, less than 2% away from ATH 

• “OG” crypto supported by initial trade hopes and ETF inflows

• Bitcoin forecasted to move ↑ 3% or ↓ 2.7% post CPI

• Technical levels: $112,000, $110,000 and $105,000

• Yen expected to be the most volatile in G10 space vs USD

• Ongoing US-Japan talks, geopolitics & data could rock JPY

• Over the past year US CPI triggered moves of ↑ 0.7% & ↓ 1.7%

• Bloomberg FX model: USDJPY has 72% of trading within 141.26 – 146.52 over 1-week period

Note: An hour after this report was published, there was breaking news that Trump and China's Xi Jinping had a 'positive' phone call on trade. 

• US-China stalemate leaves markets on edge

• ECB cuts rates for eighth consecutive time 

• Silver hits levels not seen since 2012, ↑ 24% YTD

• Broadcom shares ↑ 85% from 2025 low, recently touching a fresh ATH 

• Company to release fiscal Q2 earnings after US markets close Thursday 5th June

• Beyond earnings, all eyes on hyperscalers collaboration and VMware 

• Broadcom share price forecasted to move 6.5% up/down post earnings 

• EURUSD set to end May unchanged; mostly kept to 1.11 – 1.14 range this month
   
• June 3: Eurozone inflation (CPI) expected to slow in May
   
• June 5: European Central Bank set to cut rates again, signal future cuts

• US$ 3.3 trillion AI giant to release earnings after US markets close today (Wed, May 28th)
   
• Nvidia shares soared as much from 58.6% from April lows, erased year-to-date losses
   
• World’s most valuable chipmaker’s earnings = global benchmark of future AI spending
   
• Nvidia caught in Trump’s AI chip curbs: Can Blackwell demand offset H20 challenges?
   
• Stock’s post-earnings, 1-day move predicted at 6.8% up/down Thursday

• Spot gold now testing immediate support and downward trendline from record high
   
• XAUUSD now about $166 below all-time high; still up 27% so far in 2025
   
• Key Events: Fed Speak, FOMC minutes, US April PCE data
   
• Bloomberg model: 72% chance gold trades between $3249.00 - $3432.60 this week