EUR/USD trims losses, hovers around 1.1350
EUR/USD now regains some composure and rebounds to the 1.1350 zone on Wednesday, partially reversing the prior pullback to fresh yearly lows near 1.1320. Meanwhile, spot remains on the back foot as the US Dollar continues to draw support from hawkish Fed expectations and uncertainty over the outcome of US-Iran peace negotiations.
GBP/USD appears well offered near 1.3160
GBP/USD builds on Tuesday’s losses, although it now manages to pick up some pace and bounce off earlier multi-month troughs near 1.3140. The Greenback’s solid performance and continued political turmoil in the UK are keeping Cable under persistent pressure, with little sign of a meaningful recovery.
Gold puts $4,000 to the test, new yearly lows
Gold accelerates its decline and gyrates around the key $4,000 mark per troy ounce on Wednesday, its lowest level since November 2025. In the meantime, tighter-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the yellow metal, while uncertainty surrounding a potential US-Iran peace agreement has done little to revive demand for the safe haven space.
Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase
Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East.
DEEPER DIVE
Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose
The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.
5.90% to 5.45%: Why the Pound ignored the bond market’s relief rally Premium
Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell. Sterling's real driver these past four months has not been the prime minister, nor the left-leaning frontrunner lining up to replace him, but the long end of the gilt curve, which answers to a force no British politician controls.
Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash
Shiba Inu, the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021.
CRYPTOCURRENCIES
Ripple nears lifeline support as macro risks intensify
Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.
Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase
Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.
Cardano vulnerable to deeper losses amid SecondFi exploit
Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.
STOCKS
AI stock round-up: Micron offers lower earnings setup, BofA sees positive AI visibility into 2028 Premium
Stocks tied to the AI rally are largely shedding weight on Tuesday, with the tech-heavy NASDAQ 100 down 2.6%. A major 10% sell-off in the South Korean KOSPI tied to memory chip mavens SK Hynix and Samsung Electronics spilled over into the US market.
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: Winds of change blowing into the Federal Reserve Premium
GBP/USD battles 1.3200 as UK PM Starmer set to resign
GBP/USD is facing moderate selling pressure in Asian trading at the start of the week on Monday, as the British Pound stays vulnerable amid the UK political chaos. UK PM Keir Starmer is expected to announce an exit plan on Monday, paving the way for Andy Burnham to become PM.
Gold: Hawkish Fed leads to third consecutive weekly loss Premium
Bitcoin: Recovery hopes fade after the Fed spoils the party
US Dollar: The last mile just got longer Premium
Week ahead – Fed’s hawkish tilt and Iran deal turn focus to PCE inflation and PMIs
US PCE inflation data eyed after Warsh’s surprise hawkish debut. June PMIs in the spotlight too as US-Iran deal eases energy crunch. CPI data for Australia, Canada and Tokyo also on tap.
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
PU Prime launches "Dad Made Us Believe" Father's Day campaign
This Father’s Day, the global, multi-licensed online brokerage PU Prime is proud to announce the launch of its latest campaign, "Dad Made Us Believe." As excitement builds around the PU World Cup and global attention turns to FIFA 2026, PU Prime is taking a moment to celebrate the people who first t
As demand for AI trading bots rises in 2026, why is BulkQuant drawing attention from crypto, forex, and stock traders?
AI trading bots are becoming more visible in 2026 because traders are dealing with a different kind of market pressure.
UF AWARDS GLOBAL 2026: Meet the winners
The industry's most credible awards reveal the best brands in global trading and fintech.