EUR/USD stabilizes near 1.1400 as markets focus on geopolitics
EUR/USD trades in a narrow channel at around 1.1400 on Wednesday. In the absence of high-impact data releases, escalating geopolitical tensions in the Middle East caps the pair's upside. On Thursday, the European Central Bank (ECB) will announce monetary policy decisions.
GBP/USD stays below 1.3400 after soft UK CPI data
GBP/USD struggles to gain traction and stays below 1.3400 in the second half of the day on Wednesday. The UK annual Consumer Price Index (CPI) inflation cooled to 2.6% in June against the market forecast of 2.7%, making it difficult for the British Pound gather recovery momentum. Meanwhile, investors keep a close eye on headlines coming out of the Middle East.
Gold extends rally as Middle East concerns intensify
Gold extends gains for the fourth consecutive day, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices. The pair has rallied nearly 2.5% so far this week and is on track for its best weekly performance in more than three months.
XRP consolidates as inflows and volume climb
DEEPER DIVE
US Dollar mid-year outlook: Exceptional currency, exceptional risks?
2.50%: Why the Kiwi's first hike in three years is a wager on a number nobody can see
The RBNZ raised the Official Cash Rate (OCR) by 25 basis points to 2.50% at 02:00 GMT on Wednesday, its first hike in three years and the moment the bank that cut deeper than any G10 peer last cycle turned to face the other way.
Bye, forward guidance: How to trade when central banks choose silence
Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Fed to the ECB and the BoE, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility.
CRYPTOCURRENCIES
XRP consolidates as inflows and volume climb
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist
South Korea crypto volumes shrink as retail investors shift to stocks
STOCKS
![Nasdaq 100 ETF (QQQ) Elliott Wave signals double correction toward 684 [Video]](https://editorial.fxsstatic.com/images/i/Equity-Index_Nasdaq-2_Medium.jpg)
Nasdaq 100 ETF (QQQ) Elliott Wave signals double correction toward 684 [Video]
The short‑term Elliott Wave view on the Nasdaq 100 ETF shows that the instrument is correcting the cycle from the March 30, 2026 low. The decline from the June 3, 2026 all‑time high continues, with the extreme target zone defined by the 100%–161.8% Fibonacci extension. This area lies between $646 and $684 and represents the next logical support cluster within the ongoing correction.
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: ECB decision unlikely to rescue the Euro
British Pound slips for second straight day as Oil spike revives inflation fears
Gold: Bearish pressure builds up as Middle East tensions offset USD weakness
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts
Forecasting the coming week: ECB decision, UK inflation, and global PMIs to drive markets
Week ahead – Could technology earnings revive equities as geopolitical risks linger?
Oil prices rise, but the dollar posts losses as Middle East tensions persist. US earnings, the ECB and UK newsflow dominate next week’s agenda. US equity markets face a pivotal test as focus shifts to technology earnings.
EDUCATION
Something has gone completely wrong in enterprise AI
There is a moment in every boom when the music is still playing, the lights are still flashing, and someone finally notices that the bar tab has been left on the table. That is roughly where enterprise AI feels today.
The psychology of Gold buying during periods of market uncertainty
Historically, gold is considered a reliable investment avenue, especially in times of market uncertainty. Modern economies are based on fiat currency, where the value is determined by government decree and public trust.
PRESS RELEASES
Moneta Markets Launches ProTrader 2.0, Its Next-Generation Web Trading Platform
The upgraded platform combines TradingView-powered charting, flexible workspace customisation and streamlined trade execution in one browser-based experience
OneTwoMarkets expands dedicated senior account management support to 24 hours
OneTwoMarkets has announced the expansion of its dedicated senior account management service, extending availability from standard business hours to 24-hour support during active trading days.
Excent Capital partners with BridgeWise to bring AI-powered market analysis to all traders
Excent Capital, the global multi-asset regulated trading platform that builds and owns its technology, announces a strategic partnership with BridgeWise, a global leader in artificial intelligence for investment analysis.