EUR/USD pops to 1.1660 on US-Iran deal news
EUR/USD now accelerates its rebound and flirts with the area of weekly tops around 1.1660 on Thursday. The pair’s marked bounce comes on the back of the increasing selling pressure on the US Dollar as investors continue to assess news of a US-Iran deal.
GBP/USD makes a U-turn, revisits 1.3450
GBP/USD picks up extra pace and rapidly leaves behind the initial bearish tone, challenging the 1.3450 region on Thursday. In fact, Cable’s bounce comes on the back of the resurgence of a sharp sell-off in the Greenback after news suggests US and Iran have reached an agreement.
Gold turns positive near $4,470
Gold sets aside the earlier drop to two-month lows and shifts its attention to the $4,500 mark per troy ounce on Thursday. The yellow metal’s sudden recovery follows the deep pullback in the US Dollar as market participants digest the recently announced US-Iran deal.
Crypto Today: Bitcoin, Ethereum, XRP edge lower as risk-off sentiment weighs amid escalating US-Iran tensions
Cryptocurrency prices are extending a broader sell-off on Thursday amid growing tensions between the US and Iran. Bitcoin (BTC) exhibits technical weakness, trading around $73,353 on the third consecutive day of declines. Altcoins, including ETH and XRP, remain under pressure.
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 plunges below $1.30 as whales reduce exposure
XRP slides below $1.30 for the first time since early April amid broader risk-off sentiment and growing US-Iran tensions. Supply Distribution metric indicates a notable decline in the percentage of XRP held by addresses with balances between 100 million and 1 billion tokens.
Crypto Today: Bitcoin, Ethereum, XRP edge lower as risk-off sentiment weighs amid escalating US-Iran tensions
Cryptocurrency prices are extending a broader sell-off on Thursday amid growing tensions between the US and Iran. Bitcoin exhibits technical weakness, trading around $73,353 on the third consecutive day of declines.
Pi Network steadies, defying the broader market collapse
PI trades above $0.1400 at press time on Thursday, holding steady as the broader crypto market collapses. The mild improvement in retail interest, which coincides with the announcement of the Stellar Protocol 24 mainnet upgrade deadline, is likely capping the downside move.
STOCKS
Micron surges on Wednesday, day after hitting $1 trillion valuation Premium
Micron (MU) isn't taking the day off on Wednesday after becoming the newest US company to attain a $1 trillion market capitalization. Micron stock spiked another 9% in premarket trading on Wednesday, raising its market valuation to $1.1 trillion after ending Friday's session close to $800 billion.
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: Awaiting more war-related headlines and central banks Premium
The EUR/USD pair fell for a second consecutive week, settling not far above a fresh multi-week low of 1.1576. War-related headlines kept driving financial markets, coupled with mounting speculation that the United States (US) Federal Reserve (Fed) will deliver a rate hike before the year is over.
Gold: Downside remains exposed on US-Iran uncertainty, hawkish Fed expectations Premium
Gold (XAU/USD) struggled to attract buyers as uncertainty surrounding the conflict between the United States (US) and Iran caused markets to continue pricing in a hawkish tilt in the Federal Reserve (Fed) policy expectations.
A new Fed chair, an old instinct: Why markets may be misreading Warsh
Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there.
Bitcoin: The return of the sellers
Bitcoin (BTC) remains under pressure so far this week, consolidating around $77,000 on Friday after being rejected from the overhead supply zone the previous week. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows.
US Dollar: What’s up, Kevin? Premium
The US Dollar’s (USD) week was an apathetic one. There were ups and downs and plenty of uncertainty in the geopolitical field.
Week ahead – US PCE inflation in focus amid Middle East uncertainty, RBNZ decides on rates
Middle East developments keep the dollar range bound. But Fed rate hike bets remain elevated ahead of key US PCE data. RBNZ decision and Australia CPI data to text steep implied rate paths.
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
cTrader now lets traders set up to five take-profit levels
cTrader has released advanced take profit on all cTrader apps. With this feature, traders gain flexibility in setting take profits directly from mobile apps: they can add up to five of them and lock in partial profits when the market moves in their favour. This gives traders control over exit price, volume and timing at different stages of the trade.
STARTRADER launches SPCXUSD, offering exposure to SpaceX ahead of expected IPO
STARTRADER has added SPCXUSD (Space Exploration Technologies) to its product lineup, giving traders direct exposure to SpaceX, widely regarded as the leading force in aerospace and space infrastructure.
The nomination stage for the industry’s most credible awards is open
The nomination stage is now open for the UF AWARDS GLOBAL 2026. If your brand deserves to stand among the industry’s leading Fintech, financial services providers and brokers, this is your chance.