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Sterling is back at key resistance near the yearly highs on building divergence. Here are the levels that matter on the GBP/USD weekly technical chart heading into June.

The Mexican Peso’s favorable fundamental and technical considerations have faded in the near-term.

EUR/USD breaks out of the range bound price action carried over from the previous week as a growing number of Fed officials warn of a transitory rise in inflation.

The DAX and CAC are trying to resolve volatile ranges to the upside; key will be sustaining new levels of support.

Trader confidence is high at present, with the safe-haven US Dollar dropping and stocks still rising. Moreover, IG client sentiment data suggest USD has further to fall.

USD/CAD continues to test the psychological 1.2000 level after slipping below the September 2017 swing-low.

Positives for the Australian Dollar beginning to rollover, however, soft USD keeps AUD/USD underpinned.

GBP/USD is well placed to extend this month’s rally if the 1.42 level can be overcome on a sustained basis.

Gold prices struggled capitalizing on a weaker US Dollar and Treasury yields as Bitcoin rallied the most in about 2 weeks. Will dovish Fedspeak rekindle the yellow metal’s momentum?

The Dow Jones gained, but the tech-heavy Nasdaq 100 outperformed amid dovish Fedspeak. Australia’s ASX 200 may approach 2020 highs as APAC markets focus on a potentially rosy day.