EUR/USD treads water around 1.1650
EUR/USD trades in a tight range around 1.1650 on Friday, struggling to establish a clear direction. Ongoing uncertainty surrounding the US-Iran ceasefire agreement continues to support safe-haven demand for the US Dollar, limiting the pair’s upside potential.
GBP/USD appears slightly offered around 1.3430
GBP/USD remains under pressure below 1.3450 on Friday as investors continue to favour the safety of the Greenback. Reports suggesting that the US and Iran have tentatively agreed to extend the ceasefire by 60 days have yet to receive official confirmation, keeping market caution elevated and weighing on Cable.
Gold climbs to three-day highs near $4,550
Gold attracts fresh buying interest for a second consecutive day, this time surpassing the key $4,500 zone per troy ounce. The precious metal’s upside momentum appears limited as investors await greater clarity on the evolving US-Iran negotiations, while expectations that the Fed will maintain a hawkish stance continue to temper demand for the yellow metal.
The future of Dogecoin: Will real-world adoption support prices?
Mainstream adoption of Dogecoin could increase its real utility for everyday spending, according to Timothy Stebbing, director of the Dogecoin Foundation. Crypto projects need to deliver value to the next generation, aged around 15 or older, who will experience mainstream crypto.
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 tests lower support range amid capitulation, bearish sentiment
Ripple is gaining mild traction, trading around $1.32 at the time of writing on Friday, as the crypto prices broadly stabilize. Despite the slight price increase, sentiment across the market remains significantly suppressed, as investors assess the conflict in the Middle East.
Crypto Today: Bitcoin, Ethereum, XRP recovery lags amid persistent ETF outflows
Cryptocurrency prices rise slightly on Friday as market participants continue to assess the conflict in the Middle East. Bitcoin (BTC) is trading above $73,000, but its upside remains capped by key supply zones.
The future of Dogecoin: Will real-world adoption support prices?
Prices of meme coins, including Dogecoin, have been on a continued downward trend since their boom in 2021. Their future remains a key question among investors, who are increasingly scrutinizing which crypto projects have real-world utility and thus have the highest potential ahead.
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 – NFP report and Eurozone CPI to test US-Iran optimism
Elusive US-Iran deal keeps inflation fears alive amid resilient risk appetite. US jobs data to take spotlight as hawkish Fed soundbites grow. Eurozone flash CPI to be eyed too as ECB preps for June rate hike.
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
PU Prime launches pre-IPO access with SpaceX
PU Prime, a global multi-licensed online brokerage, is pleased to announce the launch of SpaceX (SPCXUSD), a new pre-IPO CFD product that provides retail traders with broader access to the market narrative surrounding one of the world’s most closely followed private technology companies.
fmas:26 concludes successfully, bringing together Africa’s online trading and fintech community
fmas:26 successfully wrapped up another impactful edition, bringing together leading brokers, fintech innovators, affiliates, IBs, traders, investors, payment providers, and technology companies from across Africa and beyond.
Versus Trade turns Hari Raya Haji into personalized reward opportunity for Southeast Asian traders
As Hari Raya Haji approaches across Malaysia, Indonesia, and Muslim communities throughout Southeast Asia, Versus Trade — an award-winning CFD broker — is introducing a regional trading campaign featuring personalized rewards and bonus offers designed for traders navigating the festive market period.