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As global markets remain on edge amid rising trade tensions and diverging central bank policies, traders are turning their attention to key economic data releases this week, including interest rate decisions from New Zealand, U.S. jobless claims, and employment figures from Canada and the UK.  Against this backdrop, the Australian dollar has shown notable strength, with AUDUSD extending its bullish recovery since early April.  With the Reserve Bank of Australia holding rates steady and inflation gradually easing, the pair's upward momentum is being closely watched for signs of continuation—or reversal—amid shifting global fundamentals.

USDCAD remains in focus as traders brace for a series of high-impact economic events that could influence both price direction and market sentiment. Thursday's calendar includes Switzerland's inflation data, the US Nonfarm Employment Change, and the ISM Services PMI—each capable of driving volatility in the FX space. These releases arrive at a technically significant moment for USDCAD, which has been under sustained bearish pressure since early February. As both macroeconomic and technical signals evolve, market participants will be watching closely for confirmation of trend continuation or signs of a potential reversal.

With several key US and Swiss economic releases scheduled in the coming sessions, markets are positioned for a potential uptick in volatility, particularly for USD- and CHF-related pairs.  For AUDUSD, this week's price action unfolds against a backdrop of mixed economic signals from both Australia and the US, as well as a clearly defined technical uptrend in play since early April.  While the Australian dollar has recently pulled back on softer domestic data, its medium-term outlook remains supported by strong bullish structures.  Traders should stay alert to economic headlines and technical signals, as both could shape the pair's next directional move.

Bitcoin has pulled back sharply from its all-time high of $111,867.95, briefly dipping below $99,000 over the weekend. The decline triggered over $1 billion in liquidations, mostly from leveraged long positions, as market sentiment turned risk-averse.
Technically, Bitcoin remains under pressure, trading below its 20- and 50-period EMAs. Momentum indicators continue to signal weakness, with the RSI below 50 and the Momentum Oscillator under 100. A close below $100,226.49 could confirm a bearish Head and Shoulders pattern, potentially opening the door to further downside.

As the trading week progresses, attention turns to a series of key economic releases that may influence market sentiment and price action.  With data due from  Australia, Switzerland, and the UK, volatility could pick up across major currency pairs.  In the spotlight, NZDUSD shows signs of technical weakness following a recent rally, while broader fundamentals continue to shape expectations around monetary policy paths.

Markets are bracing for a pivotal week packed with high-impact economic events that could shape monetary policy expectations across several major economies.  From U.S. retail sales and the Federal Reserve's rate decision to key inflation data out of the UK and employment figures from Australia and New Zealand, investors will be watching closely for clues on growth, inflation, and central bank direction.  In Europe, Christine Lagarde is calling for decisive action to elevate the euro's global standing, while in the UK, mounting economic weakness is pressuring the Bank of England to consider further rate cuts.  Against this backdrop, EUR/GBP remains technically bullish, though negative divergence signals potential near-term hesitation.

This week's economic calendar is packed with high-impact data releases and central bank decisions that could influence market sentiment across currencies and commodities.  Key events include interest rate decisions from the Federal Reserve, Bank of England, Swiss National Bank, and Bank of Japan, as well as inflation figures from the UK and retail sales data from the US.  Against this backdrop, geopolitical tensions in the Middle East have added a fresh layer of volatility to crude oil markets, prompting a technical and fundamental reassessment of price dynamics heading into the second half of June.

This week's economic calendar features several high-impact releases that could influence market sentiment and trading direction, particularly in the GBPUSD pair.  Key data points include the UK's monthly GDP report and multiple US indicators such as Producer Price Index (PPI), Unemployment Claims, and preliminary readings for Consumer Sentiment and Inflation Expectations from the University of Michigan.  These figures will offer fresh insight into the relative health of both economies and may provide catalysts for volatility in currency markets.
With GBPUSD maintaining an overall bullish structure, traders will be watching closely for confirmation or disruption of this trend based on upcoming economic data.