EUR/USD remains sidelined around 1.1440
EUR/USD holds on to its recent gains and consolidates around 1.1440 at the end of the week as the US Dollar lacks clear direction. In the meantime, trading conditions remain subdued, with volatility constrained by the closure of US markets for the Independence Day holiday.
GBP/USD clings to daily gains near 1.3350
GBP/USD holds just in positive territory around 1.3350 on Friday as the Greenback keeps a vacillating price action. With Fed rate hike expectations easing and US markets closed for the Independence Day holiday, Cable remains on track to post solid weekly gains.
Gold flirts with two-week highs, targets $4,200
Gold extends its recovery for a third straight day, advancing toward the $4,200 mark per troy ounce on Friday. The precious metal looks set to snap a four-week losing streak as softer-than-expected June US NFP data prompt investors to scale back expectations of further Fed tightening.
Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows
Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
DEEPER DIVE
Kevin Warsh offers no policy clues: Why markets still got their answer
Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.
2.25% rates and a wide discount: Why the Loonie isn't an Oil trade
The Loonie is trading at a 12-month low against the Greenback, and Oil is the only story the desk wants to tell about it. That story is wrong, or at least it answers the wrong question.
The stock market loves SpaceX, but the bond market isn’t so sure
Two weeks after the largest listing in market history, a company sitting on more than $100 billion of cash went to the bond market and borrowed $25 billion more. That is the fact to sit with.
CRYPTOCURRENCIES
Ripple eyes short-term bullish turn as investor demand returns
Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.
Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows
Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move
Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.
STOCKS
Johnson & Johnson flashback update: Wave five extension in progress toward new highs
As discussed back on June 10, Johnson & Johnson was expected to continue higher after completing a complex wave 4 correction. That scenario played out, with price pushing back to all-time highs. A projected wave 5 now appears to be in progress, with further upside potential as a lower-degree five-wave bullish impulse unfolds.
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: US Dollar rally stalls, but for how long? Premium
The Iran war failed to trigger a recession. Can the US economy keep defying expectations?
Gold: Buyers show interest as markets dial back near-term Fed rate hike expectations Premium
Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move
US Dollar: The Dollar's second wind as markets rethink the Fed Premium
Week ahead – ISM services PMI and Fed Minutes to shake Fed hike bets
Dollar drops on NFP, but rate hike still expected by year-end. ISM services PMI and Fed minutes are the greenback’s next catalysts. RBNZ expected to raise rates, focus will be on forward guidance.
EDUCATION
Four mental models that quietly separate profitable traders from the rest
Trading advice focuses on what to think. It rarely answers a simpler question: what should you actually do differently in your next session? After years in the markets and the drawdowns that come with them, the lessons that stuck weren't about indicators or motivation.
The habits that actually separate consistent traders from everyone else
There's a version of every trader who shows up at 3 a.m., wide awake, replaying a trade that closed six hours earlier. Recalculating what should have happened. Knowing, somewhere underneath the recalculation, that the strategy wasn't the problem.
PRESS RELEASES
My cTrader – Your trading life under one roof
cTrader has released My cTrader, a new section in cTrader Mobile 5.9 that puts account management, funding, platform products and support in one place.
XM launches new promotion for partners, with up to $40,000 in cash rewards
For a limited time, new and existing XM partners could earn thousands in rewards, in addition to their standard commissions.
Moneta Funded launches monthly prop trading competitions
Moneta Funded has announced the launch of its monthly prop trading competitions, giving traders a new way to test their performance in a structured, competitive trading environment.