EUR/USD looks consolidative around 1.1460
EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.
USD/JPY treads water near 161.30
USD/JPY alternates gains with losses comfortably above the 161.00 mark on Friday. The Japanese Yen finds marginal support from hawkish BoJ commentary and signals from the April meeting Minutes that further rate hikes remain on the table, while usual FX intervention concerns and the Greenback’s lacklustre performance also add to Friday’s price action.
Gold slips back to six-day lows, targets $4,100
Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.
GBP/USD bounces off lows, back above 1.3200
After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.
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.
$60 billion of forced buying: Who gets to sell SpaceX into it?
The Elon Musk-founded SpaceX (SPCX) has spent its first few sessions on Nasdaq doing exactly what an engineered float is built to do: holding firm because almost nobody is allowed to sell.
Why a hawkish RBA is no longer enough to lift the Australian Dollar
The Reserve Bank of Australia delivered more than what markets expected: a hawkish hold that should have supported the Aussie. But markets widely ignored it, focusing instead on slowing economic growth and proving that central bank messaging alone isn’t always enough to drive currencies.
CRYPTOCURRENCIES
Ripple extends losses as derivatives interest cools
Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.
Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist
Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.
Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party
Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.
STOCKS
Tesla (TSLA): Why Elliott Wave supports higher prices toward $774
Tesla (NASDAQ: TSLA) remains one of the most closely followed companies in global markets. While many investors focus on electric vehicle deliveries and short-term earnings, Tesla’s long-term growth story extends far beyond the automotive sector.
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
British Pound rebounds as holiday-thinned trade slows USD bulls
Gold: Hawkish Fed leads to third consecutive weekly loss Premium
Bitcoin: Recovery hopes fade after the Fed spoils the party
4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem 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
The four-hour strategy that beats chasing the move
In this video, I break down a complete 4-hour strategy built on two moving averages, the 20 SMA and the 200 SMA, and show you exactly how to read the crossover, time your entry, and manage the trade for maximum follow-through.
Why professional traders still use pivot points
In a market environment dominated by AI, algorithms and increasingly complex trading systems, many traders overlook one of the simplest and most effective tools available: Pivot Points.
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
The Zero-Denial Philosophy: Somesh Kapuria on aligning Hola Prime’s interests with trader success
We sat down with Somesh Kapuria, CEO of Hola Prime, to discuss the psychology of trader trust, the operational mechanics behind fast payouts, and why aligning a firm’s business incentives with trader success is the only sustainable path forward for the prop trading industry.
Arizet Labs launches The Desk, a challenge-free trading career platform, after 6,000+ traders and $3B+ notional traded in first week of soft launch
Arizet Labs, the fintech infrastructure company behind A-Trader and the Meritix quality-scoring framework, today announced the public launch of The Desk, a competitive trading career platform built to challenge the traditional retail prop-firm model.