SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 78 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading mixed on Thursday, as investors reacted to data releases in Australia and China.
A private survey released Thursday showed slowing Chinese services activity growth in May. The Caixin/Markit services Purchasing Managers Index for May came in at 55.1 on Thursday, lower than the reading of 56.3 in April. Still, that was well above the 50 level that separates expansion from contraction.
US stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high.
The Challenger Job-cut report for May is scheduled for release at 7:30 a.m. ET.
The ADP national employment report for May will be released at 8:15 a.m. ET. .
Gold Price Analysis: XAU/USD May Rise with Retail Trader Short Bets Ahead of NFPs
2021-06-03 05:00:00
Daniel Dubrovsky,
Strategist
Gold, XAU/USD, Fed, NFPs, Technical Analysis, IG Client Sentiment - Talking Points:
Gold prices climbed in relatively quiet day ahead of key NFP data
The dovish Fed consensus may keep upside XAU/USD bias for now
Retail trader sentiment data hints the yellow metal may rise next
Anti-fiat gold pricesaimed cautiously higher over the past 24 hours in what was a fairly quiet trading session for the yellow metal. XAU/USD capitalized on a weaker US Dollar and still-pressured Treasury yields ahead of this week’s highly-anticipated non-farm payrolls report.
GBP/USD remains below 1.42. Concerns that the UK reopening could be delayed and Fed's taper hints may send sterling down, according to FXStreet’s Analyst