AUD/USD remains vulnerable near 0.7100 amid bullish US Dollar
AUD/USD remains depressed near 0.7100 in the Asian session on Wednesday, little impressed by the PBOC's status quo on Loan Prime Rates (LPR). The US-Iran standoff, along with rising bets on Fed rate hikes and surging US bond yields, continues to underpin the US Dollar and weigh on the currency pair, despite the RBA's hawkish outlook.
USD/JPY trades with caution around 159.00 on 'Yentervention' risks
USD/JPY is consolidating around 159.00 early Wednesday as bulls pause for a breather amid looming Japanese intervention risks and ahead of the release of the FOMC Minutes. Economic concerns stemming from Middle East tensions undermine the Japanese Yen and benefit the US Dollar's reserve currency status. Moreover, hawkish Fed bets remain supportive of elevated US bond yields, which further support the buck and the currency pair.
Gold challenges critical support yet again as FOMC Minutes loom
Gold struggles near its lowest level since March 30, below $4,500 in the Asian session, and seems vulnerable amid a bullish US Dollar. Geopolitical uncertainties continue to fuel inflation fears and hawkish Fed bets, which remain supportive of elevated US bond yields and assist the USD to stand firm near a six-week high. Bears side however seem hesitant, and opt to wait for the release of FOMC Minutes before positioning for further losses.
Bitcoin drops below $77K amid strong ETF outflows, macro headwinds
Bitcoin dropped below $77,000 after rejecting the 200-day moving average around $82,000, as tightening macroeconomic conditions weighed on risk assets.
DEEPER DIVE
Fed’s hawkish pivot may be closer than markets expect Premium
A 6% Producer Price Index print, the hottest in nearly four years, landed on a market that has spent most of 2026 quietly preparing for the wrong policy regime. The assumption being made by markets is that the Fed will not have the stomach to hike interest rates even if inflation keeps screaming higher.
India’s battle against Gold-related outflows could backfire Premium
Indian authorities have stepped up efforts to protect the country’s foreign-exchange reserves and stabilize the Indian Rupee. Gold purchases are one area in focus, but the crackdown on the precious metal could end up creating a bigger problem than the one it is trying to solve.
UK 30-year gilts hit 5.78%, the highest since 1998: what is being priced in? Premium
UK 30-year gilts traded as high as 5.78% on Tuesday, the highest level since 1998, while 10-year yields topped 5.10% with markets pricing in nearly three-quarter-point Bank of England (BoE) rate hikes this year.
CRYPTOCURRENCIES
Ethereum Price Forecast: ETH hit the hardest as inflation and Treasury yields weigh on crypto market
Ethereum (ETH) is hovering around $2,110, up 0.5% on Tuesday after facing strong selling pressure over the past week. The top altcoin declined from above $2,300 after retail wallet distributions.
Bitcoin's drop below $77,000 hides three bullish signals
Bitcoin (BTC) slipped below $77,000 over the weekend. The cryptocurrency has now extended a four-day losing streak, erasing nearly 6% of its weekly value.
XRP under pressure as network growth slows, ETF inflows fade
Ripple (XRP) is trading above $1.37, struggling to find a solid footing at the time of writing on Tuesday amid a broad crypto market drawdown. The persistent decline marks the fifth consecutive day of sellers tightening their grip, leaving XRP vulnerable.
STOCKS
US stock market reels lower as Treasury yields soar Premium
The US Treasury market is rearing its head once again on Friday, this time causing a broad sell-off in US market indices. The NASDAQ Composite opened up close to 1.4% lower, while the S&P 500 and Dow Jones Industrial Average are both off between 0.5% and 1.0%.
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: No more waiting despite uncertainty leads Premium
The US Dollar (USD) surged the most in two weeks in mid-May, resulting in EUR/USD falling to 1.1617, its lowest in over a month. The pair held nearby as Friday came to an end, hinting at a downward continuation in the upcoming days.
Gold: Sellers return on hawkish Fed bets and Middle East uncertainty Premium
Gold (XAU/USD) edged higher at the beginning of the week but made a sharp U-turn as the US Dollar (USD) gathered strength on hot inflation data, closing the week in the red by losing more than 3% of its value.
GBP/USD: Surging UK Gilt yields raise burden on British Pound Premium
GBP/USD saw its worst week in the past few months, losing around 2%, as the US Dollar (USD) regained its strength and the British Pound (GBP) weakened. Market sentiment turned risk-off due to United States (US)-Iran negotiations failing to get a breakthrough, the US Dollar drew support from hot US
Bitcoin: Is the month-long rally over?
Bitcoin (BTC) edges slightly lower so far this week, trading at $80,800 on Friday after being rejected around the key overhead supply zone.
US Dollar: Higher for longer is back, and the Dollar is loving it Premium
Quite a week for the US Dollar (USD). The currency posted gains in every session since Monday, pushing above the key 99.00 hurdle by Friday and reopening the door to a potential revisit of the psychological 100.00 barrier sooner rather than later.
Week ahead – Geopolitics, Warsh, Nvidia and data to test markets
Stalled US-Iran talks support high oil prices and periodic risk-off market moves. Focus shifts to new Fed Chair and Fedspeak as inflationary pressures accelerate. Nvidia earnings could extend or derail the US equity rally; gold lacks bullish catalysts.
EDUCATION
Prop trading in the United States: Why more traders are looking at futures
The United States is a major financial market, but it is much more restrictive for retail traders who want to try prop trading. As a result, US traders face a different prop-trading environment than those in Europe, Asia, or offshore locations.
How to detect market mispricings and turn them into high-probability trades
On Monday, GBP/USD was climbing. Most traders looking at the chart saw a bullish move and were either already long or thinking about buying the pullback. But the fundamentals were telling a completely different story — the dollar should have been strengthening.
PRESS RELEASES
Tradeify launches Slay Markets brokerage, signs exclusive clearing agreement with NinjaTrader
Tradeify, a leading U.S. proprietary trading firm, today announced the launch of Slay Markets, a new retail brokerage operating under its recently formed introducing broker entity, Tradeify Brokerage LLC.
Exness joins FMAS 2026 as an Elite Sponsor, spotlighting the next phase of Africa’s evolution
Exness has announced its participation in the Finance Magnates Africa Summit (FMAS) 2026 as the Elite Sponsor, reaffirming its continued commitment to the region and role in advancing trading across Africa.
Finance Magnates launches FM Intelligence Portal to help brokers track competitors, market shifts, and regulatory change
Finance Magnates announced the launch of the FM Intelligence Portal, a platform built to help brokers, fintech firms, compliance teams, and financial professionals turn fragmented information into practical business intelligence.