Daily Pivots: (S1) 1.0694; (P) 1.0731; (R1) 1.0800; More… Intraday bias in EUR/USD stays mildly on the upside at this point. Rebound from 1.0634 short term bottom is in progress for 55 D EMA (now at 1.0836). On the downside, though, break of 1.0634 will resume the fall from 1.1094 to 1.0515 cluster support, 38.2% […]

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Here is a summary of the week in finance, as of June 2, 2023:

• The stock market closed lower on Friday, as investors digested a mixed inventory of economic data and earnings reports. The S&P 500 fell 0.3%, the Dow Jones Industrial Average lost 0.2%, and the Nasdaq Composite Index declined 0.4%.

• The yield report on the 10-year Treasury note rose to 2.95%, its highest level since April 2014. The rise in yields was driven by concerns about inflation and the Federal Reserve's plans to raise interest rates.

• The price of oil rose to $120 per barrel, its highest level since 2008. The rise in oil prices was driven by concerns about supply disruptions from Russia and Iran.

• The dollar rose against most major currencies. The strength of the dollar was driven by expectations that the Federal Reserve(FED) will continue raising interest rates more aggressively and strategically than other central banks.

Looking ahead, investors will be focused on the following events:

• The release of the US jobs reports on Friday, June 3.

• The release of the minutes from the Federal Reserve's May meeting on Wednesday, June 8.

• The release of the US inflation report on Wednesday, June 15.

Overall, the week in finance was mixed. The stock market closed lower, but the yield on the 10-year Treasury note rose and the price of oil touched its highest level in over a decade. Investors will be closely watching the economic data and central bank announcements in the coming weeks for clues about the direction of the markets.