3 Assets to Watch: June 1-5

As we enter a new month, markets promise fresh trading and investing opportunities.

This first week of June 2026 already features some key major events:

• Tuesday, June 2: Eurozone May consumer price index (CPI) a.k.a. inflation
• Wednesday, June 3: Broadcom earnings (after US markets close)
• Friday, June 5: US May nonfarm payrolls (NFP) a.k.a. jobs report

3 Assets to Watch

1) Can EURUSD+ break above key moving averages?

The world's most-traded FX pair has struggled to break above its 50-day simple moving average (SMA) since mid-May.

More recently, its 21-day and 200-day counterparts are converging around the sub-1.170 region to potentially exert more technical resistance.

^{Ask TradeGPT: What does "technical resistance" mean? How can traders use such info?}

Since issuing our "death cross" alert on April 10th, EURUSD+ is 1 of just three G10 currencies that have since weakened against the US dollar:

• Danish Krone: 0.57% weaker against USD
• Euro: 0.55% weaker against USD
• Japanese Yen: 0.12% weaker against USD

Bloomberg's FX model currently forecasts a 78.5% chance that EURUSD+ will trade between 1.1557 - 1.1756 between now and June 8th.

POTENTIAL SCENARIOS

• UPSIDE: EURUSD+ may reach 1.1756 if the Eurozone's inflation comes in higher-than-expected, pushing markets to believe that the European Central Bank (ECB) has to hike rates 3 times this year, while Friday's US jobs report shows some surprising weakness in the US labour market. Rising risk appetite following progress in the US-Iran peace deal may help lift EURUSD as well.

^{NOTE: A currency tends to strengthen at the thought of its country's interest rates moving higher than its peers.}

• DOWNSIDE: EURUSD+ may falter to 1.1557 if the Eurozone's inflation comes in lower-than-expected, pushing markets to believe that the European Central Bank (ECB) may not have to hike rates as much this year, while Friday's US jobs report shows added strength in the US labour market. Souring risk appetite following further delays and uncertainties in the US-Iran peace deal may help weigh down EURUSD as well.

^{NOTE: The US dollar has been the safe haven of choice amid the Iran war, meaning that investors have preferred buying USD to help protect their wealth during times of heightened fear and uncertainty.}

2) Broadcom to post even-higher record highs?

With a market cap of US$ 2.1 trillion, Broadcom is the 6th biggest stock on the benchmark S&P 500 index.

This chipmaker is set to unveil its latest quarterly earnings after US markets close on Wednesday, June 3.

^{ICYMI: This stock has already soared 29.1% so far in 2026, higher than the likes of Nvidia (+13.2% year-to-date) and the SP500 (+10.7%), posting multiple fresh record highs since late-April.}

Broadcom shares are forecasted to react by a further 7.3% up/down the day after its earnings announcement.

POTENTIAL SCENARIOS

• UPSIDE: A blockbuster positive surprise out of Broadcom's earnings, coupled with rising risk appetite and greater demand for AI trades, could see this stock punch up to yet another record high around $492.00.

• DOWNSIDE: A sell-the-news event or disappointing earnings out of Broadcom, coupled with falling risk appetite, could drag Broadcom down to around $425.50, revisiting support around those Dec 2025/late-April 2026 cycle peaks.

^{ICYMI: Last week's US stock listed among our "3 Assets to Watch" (May 25-29) smashed past our upside target to post a new record high!}

3) TRON to rebound to highest since Dec 2024?

This was a crypto we had previously highlighted 2 months ago, which eventually fulfilled our upside scenario.

Since being listed among our "3 Assets to Watch" in that March 30th report ...

TRON surged as much as 17% to reach its highest levels since December 2024,

... before falling to find crucial support recently around its 50-day simple moving average (SMA).

POTENTIAL SCENARIOS

• UPSIDE: Assuming its 50-day SMA can play its crucial supportive role, greater risk appetite could spur a return to 0.3770 for TRXUSDT.

• DOWNSIDE: Should its 50-day SMA falter as crucial support, TRXUSDT may tumble to next find support around its 100-day SMA and 0.3200 psychological level, especially if global risk sentiment takes a major hit.

DISCLAIMER:

This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.