EUR/USD meets contention around 1.1600
EUR/USD remains on the defensive on Monday, extending its decline toward the 1.1600 area. The pair’s pullback comes as the US Dollar finds support from a renewed bout of risk aversion after reports suggested a fresh escalation in Middle East tensions, boosting demand for traditional safe-haven assets.
GBP/USD treads water near 1.3450
GBP/USD alternates gains with losses around the 1.3450 zone at the beginning of the week. Cable’s vacillating price action comes despite the firmer tone in the Greenback, all response to persistent geopolitical effervescence.
Gold hits two-day lows near $4,450
Gold corrects lower and retests the $4,450 area per troy ounce on Monday. The yellow metal’s retracement comes amid the resumption of the demand for the US Dollar, in a context of further deterioration of sentiment and unabated uncertainty surrounding the US-Iran crisis.
WTI Oil returns above $90.00 as tensions in the Middle East rise
WTI Oil is trading above $90.00 on Monday. US attacks on Iran and Israel's Operations in Lebanon cast doubt about the fragile ceasefire, while the latest war headlines indicate that the US and Iran have stalled conversations. The IEA has warned that commercial Oil reserves might deplete by mid-June.
DEEPER DIVE
RBNZ holds at 2.25% by one vote: Will the Kiwi finally break range? Premium
The Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) at 2.25% on Wednesday, but only because Governor Anna Breman's casting vote broke a 3-3 split inside the Monetary Policy Committee.
Lost Bitcoin may not be gone forever: How AI is changing crypto
Artificial intelligence (AI) is rapidly becoming interconnected with crypto as a practical infrastructure layer, now providing solutions to long-standing challenges in Bitcoin's (BTC) usage.
A metal hidden in your car exhaust: How Rhodium exploded way above Gold and Platinum Premium
For a brief moment in 2021, Rhodium became one of the hottest assets on the planet. The little-known precious metal surged to nearly $30,000 per ounce, climbing far above Gold and, at times, becoming more expensive than luxury watches.
CRYPTOCURRENCIES
Ripple Price Forecast: Bears push XRP to key support while ETFs try to cushion the fall
XRP is down 2% so far on Monday, marking two consecutive days of decline amid rising selling pressure. Persistent institutional interest, reflected by mild ETF inflows, could cushion XRP’s downside amid declining broader market conditions.
Strategy sells Bitcoin for first time since 2022
Bitcoin (BTC) is trading below $72,000 at press time on Monday, as Strategy’s 8-K filing reveals that 32 BTC were sold in late May for approximately $2.5 million, which could fund the preferred stock dividends on June 30.
Crypto Today: Bitcoin, Ethereum, XRP slide as downward pressure intensifies
Cryptocurrency prices edge lower on Monday, with Bitcoin (BTC) falling below $73,000, Ethereum (ETH) under $2,000, and Ripple (XRP) holding at $1.30 after a 2% intraday decline at press time.
STOCKS
Top stock reports for JPMorgan, GE Aerospace and Western Digital
Today's Research Daily features new research reports on 16 major stocks, including JPMorgan Chase & Co., GE Aerospace and Western Digital Corp., as well as two micro-cap stocks Syntec Optics Holdings, Inc. and Investors Title Co..
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: Stagflation fears mount as Iran conflict remains unsolved Premium
The EUR/USD pair finished the last week of May at around 1.1660, barely up compared to the previous week’s close. The US Dollar shed some ground on the back of hopes, but losses were limited by persistent speculation that the Federal Reserve will have no choice but to hike interest rates before year's end.
GBP/USD: British Pound defends 200-day SMA, but for how long? Premium
The British Pound reversed course and posted a weekly loss against the US Dollar, with 1.3500 remaining a tough nut to crack for buyers. GBP/USD danced to the whims and fancies of fluid market conditions, thanks to the fast-shifting headlines around a potential peace deal between the United States and Iran.
Gold: Next direction entirely depends on US-Iran outcome Premium
Gold dropped to its lowest level in two months but managed to erase a large portion of its weekly losses. Investors await the next batch of high-impact economic data releases from the United States, while contradicting headlines surrounding the negotiations between the US and Iran make it difficult for the precious metal to find direction.
Billions in ETF outflows don’t bode well
US Dollar: The Good, the Bad and the Ugly Premium
Another apathetic week saw the US Dollar retreat modestly, although not by much. Geopolitics remained firmly at the centre of market attention, particularly toward the end of the week after reports emerged that the US and Iran had reportedly reached an agreement aimed at extending the current 60-day ceasefire.
Week ahead – NFP report and Eurozone CPI to test US-Iran optimism
It’s been seven weeks since the US and Iran agreed to a ceasefire and engage in talks aimed at negotiating a permanent deal that not just ends the hostilities and reopens the Hormuz Strait but also resolves the long-standing nuclear issue.
EDUCATION
One line, three setups: The only moving average you need?
Ask 10 traders what's on their chart, and you'll see the 9 EMA come up again and again. There's a reason it's so popular. In this video, I break down the 3 most common ways top traders use the 9 EMA to trade futures, forex, gold and indices.
The market is repricing the future
Financial markets are again entering a period where traders and investors must look beyond isolated price movements. The current market situation is not defined by one asset class, one economic indicator, or one central bank statement.
PRESS RELEASES
Finance Magnates Africa Summit evolves into The Trading Festival Cape Town, South Africa
Following the successful conclusion of the latest Finance Magnates Africa Summit, the organisers have announced that all future editions of the event will be held under a new name: The Trading Festival Cape Town, South Africa.
Moneta Markets launches SpaceX CFD trading
Moneta Markets has announced the launch of SpaceX CFD trading, with SPCXUSD now available to clients on MetaTrader 5 and the Moneta Markets AppTrader platform.
PU Prime launches pre-IPO access with SpaceX
PU Prime, a global multi-licensed online brokerage, is pleased to announce the launch of SpaceX (SPCXUSD), a new pre-IPO CFD product that provides retail traders with broader access to the market narrative surrounding one of the world’s most closely followed private technology companies.