AUD/USD sticks to losses below 0.7150 after poor Chinese data dump
AUD/USD remains under selling pressure below 0.7150 in the Asian session on Monday, as the below forecasts Chinese activity data for April keep the Australian Dollar (AUD) undermined. Meanwhile, broad risk-aversion-led US Dollar strength continues to act as a headwind for the Aussie pair amid the Middle East re-escalation.
USD/JPY climbs to over two-week top, retakes 159.00 amid Iran tensions
USD/JPY turns positive for the sixth consecutive day on Monday as economic risks stemming from renewed US-Iran tensions offset intervention fears and weigh on the Japanese Yen. Furthermore, geopolitical uncertainties, along with rising bets for a rate hike by the Fed in 2026, continue to underpin the US Dollar's reserve currency status and contribute to the pair's move to a two-week high, around the 159.00 neighborhood during the Asian session.
Gold could rebound toward $4,650 if this support holds
Gold is off seven-week lows near $4,480, recovers above $4,500, still holding losses as Trump’s fresh warning to Iran raises the risk of further escalation of tensions in the Middle East, benefiting the safe-haven US Dollar. Moreover, hawkish Fed expectations remain supportive of elevated US bond yields and also underpin the Greenback. This, in turn, favors the XAU/USD bears.
Week ahead – Geopolitics, Warsh, Nvidia and data to test markets
Two-and-a-half months since the start of the US-Iran conflict, and a comprehensive agreement remains elusive. Behind-closed-doors negotiations continue, but there seems to be reduced incentives from both sides to find the solution that will reopen the Strait of Hormuz.
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
Strategy could begin selling Bitcoin to support $1.5 billion debt buyback
Strategy (MSTR) could begin selling Bitcoin (BTC) to cover its debt repurchase program, the firm stated in a filing to the Securities and Exchange Commission (SEC) on Friday.
HYPE rallies as Bitwise unveils Hyperliquid ETF amid oversight push
Bitwise launched its spot Hyperliquid ETF, BHYP, on Friday, becoming one of the first firms to provide regulated US exposure to HYPE.
Ethereum Price Forecast: ETH risks a long squeeze as rising Treasury yields weigh on risk assets
Ethereum (ETH) is down 3.3% on Friday following a general decline across risk assets. The move comes amid surging US Treasury yields, with the 10Y Note Yield extending gains to 4.59%, its highest level since May 2025.
STOCKS
Nvidia rally continues on Thursday as Trump approves H200 buyers in China Premium
Nvidia (NVDA) stock is the early winner of the US. President Donald Trump's summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday's premarket. If the gains remain through the close, this will become NVDA's seventh consecutive day of gains.
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
10 best mobile AI trading bot apps for crypto day trading in 2026
AI trading bot apps are becoming one of the most important tools for crypto day traders in 2026.
The Trading Pit joins Propinder: One of the few Prop firms where you can trade CFD, futures, and stocks
Propinder, the free Prop trading challenge finder powered by FXStreet, announces The Trading Pit as a launch partner.
Headway launches $150 no deposit bonus
Headway, a global online broker, has introduced a new no-deposit sign-up bonus designed to help traders explore different markets without risking their own capital.