AUD/USD meets support near 0.7080, focus on jobs, PMIs
AUD/USD leaves behind Tuesday’s marked pullback and rebounds with conviction, managing to reclaim the 0.7100 hurdle and above on Wednesday. The pair’s bounce follows the downtrend in the US Dollar amid hopes of a US-Iran deal. Moving forward, Australian flash PMIs and the jobs report are next on tap on the docket.
EUR/USD bounces off lows, back above 1.1600
After bottoming out near 1.1580, EUR/USD regains balance and advances past the 1.1600 barrier ahead of the opening bell in Asia. The daily rebound in spot comes amid renewed selling interest hurting the Greenback on the back of somewhat easing geopolitical jitters. In the meantime, investors are expected to shift their focus to the upcoming advanced PMIs in Europe and the US.
Gold gathers pace beyond $4,500 on USD selling
Gold clings to its daily gains, navigating the $4,530 region per troy ounce in the latter part of Wednesday’s NA session. In the meantime, upside attempts remain limited as rising inflation concerns, expectations of a more hawkish Fed and escalating geopolitical tensions in the Middle East continue to underpin the US Dollar and weigh on the yellow metal.
XRP climbs amid steady ETF inflows and derivatives demand
Ripple (XRP) rises above $1.37 at the time of writing on Wednesday, after testing a short-term support at $1.35.
DEEPER DIVE
Why the Pound is starting to trade like an emerging-market currency Premium
The Sterling is the second-weakest G10 currency against the US Dollar this year, and with GBP/USD cracking through 1.3400 to its lowest since early April, the textbook relationship between rising yields and currency strength has stopped working.
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.
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.
CRYPTOCURRENCIES
Ethereum: US interest stays weak amid strong ETH ETF outflows
Ethereum (ETH) holds above $2,100 on Wednesday following the latest developments surrounding the US-Iran crisis. US President Donald Trump said that the country is in the final stages of negotiations with Iran, but warned of further attacks if a deal isn't reached.
XRP climbs amid steady ETF inflows and derivatives demand
Ripple (XRP) rises above $1.37 at the time of writing on Wednesday, after testing a short-term support at $1.35.
European banks back Amsterdam-based Euro stablecoin project Qivalis
Qivalis, an Amsterdam-based financial company, has gained the support of 37 European banks to launch a Euro-pegged stablecoin in the second half of 2026. The project seeks to challenge the dominance of US Dollar (USD) stablecoins, including Tether's USDT and Circle's USDC.
STOCKS
NASDAQ trends down as US 30-year yield scales up to 2007 levels Premium
The NASDAQ 100 (NDX) shed close to 1.4% on Tuesday morning as the US stock market continued to be weighed down by the highest long-term US Treasury yields in 19 years. Higher US bond yields, sparked by increasing inflation largely attributed to Iran's closure of the Strait of Hormuz, are a burden for the growth-focused stocks that litter the popular index.
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
Finance Magnates launches FM Intelligence Portal to help brokers track competitors, market shifts, and regulatory change
Finance Magnates announced the launch of the FM Intelligence Portal, a platform built to help brokers, fintech firms, compliance teams, and financial professionals turn fragmented information into practical business intelligence.
cTrader launches official MCP servers for AI-powered trading
cTrader is launching cTrader AI Agent Connect, the first built-in AI agent solution in FX/CFD trading, combining two MCP servers with a skills library.
CFI launches local stock trading on DFM, signature moment for investors
CFI Financial Group, the region’s leading online trading provider, is proud to announce the launch of more than 40 local stocks listed on the Dubai Financial Market (DFM).