EUR/USD firms up above 1.1750 as USD eases ahead of NFP
EUR/USD extends the renewed upside above 1.1750 in Friday's European trading. The pair gathers strength as the US Dollar pulls back on profit-taking ahead of the critical US Nonfarm Payrolls data. The focus also remains on a potential US-Iran peace deal amid a shaky ceasefire.
GBP/USD advances further above 1.3600, awaits US NFP report
GBP/USD stretches higher and regains 1.3600 in the European trading hours on Friday, helped by a broad retreat in the US Dollar. Hopes for a peace deal to end the Middle East conflict reduce the Greenback's appeal as a safe-haven asset. Beyond geopolitics, the US April employment data will take center stage later on Friday.
Gold holds the rebound above $4,700, with eyes on US NFP data
Gold holds its recovery momentum above $4,700 in the European session on Friday. Despite renewed hostilities in the Strait of Hormuz, investors seem hopeful over a potential US-Iran peace deal. This optimism triggers a fresh leg down in Crude Oil prices, easing inflationary concerns and tempering bets for a more hawkish US Fed. The outlook keeps a lid on any further US Dollar appreciation, and turns out to be a key factor acting as a tailwind for the bullion.
Canada Unemployment Rate set to remain unchanged in April
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.7% in April, while the Employment Change is forecast to increase by 15K following a 14.1K gain in the previous month.
DEEPER DIVE
The Fed Warsh inherits: Divided and with its independence in doubt Premium
The Federal Reserve is the central bank of the world’s most powerful economy, and prides itself on its independence. But is it? Or, better said, will it continue to be under Kevin Warsh?
The RBI’s problem with the Indian Rupee has no easy fix Premium
The Indian Rupee’s drama continues despite the RBI’s recent aggressive interventions and regulatory curbs. While these actions have caused the sharpest single-day gains in years, their effect has been wiped out in a matter of days. So why is every RBI move failing to break the Rupee’s downtrend?
UAE quits OPEC: The cartel’s grip on Oil just weakened
The UAE’s decision to leave OPEC is more than a policy shift. It is a signal that one of the cartel’s most ambitious producers no longer sees quotas as compatible with its long-term strategy, and this could have important implications for Oil.
CRYPTOCURRENCIES
Chiliz Price Forecast: CHZ extends gains as whale accumulation rises
Chiliz price is extending its gains, trading above $0.044 after posting three consecutive green candlesticks earlier this week. On-chain data shows that bullish price action is further supported by steadily rising whale accumulation.
Pi Network Price Forecast: PI flashes bearish signals despite the Consensus 2026 spotlight
Pi Network is trading below $0.1800 extending its third straight day of steady decline. Retail interest in Pi Network continues to decline, despite its co-founders' speeches at Consensus 2026 on Thursday, suggesting further buying pressure.
Top 3 Price Prediction: BTC rejection sparks pullback, ETH at risk of breakdown, XRP hints at deeper losses
Bitcoin, Ethereum, and Ripple are showing signs of near-term weakness as key technical resistance comes into play. BTC faced rejection at its 200-day EMA earlier this week and has slipped below the $80,000 mark on Friday.
STOCKS
NASDAQ Composite reaches 26,000 for first time Premium
The NASDAQ Composite (IXIC) sailed to its highest level on record on Thursday, temporarily overcoming the 26,000 handle. While no definitive peace agreement with Iran has emerged, the US stock market continues to trade this week on the hope that one will soon arrive.
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: War and central banks in the limelight Premium
The EUR/USD pair ended a three-week winning streak and settled below the 1.1700 mark as the US Dollar strengthened amid Middle East uncertainty.
Bitcoin: Two months down and two months up, what's next?
Bitcoin (BTC) price is extending its recovery, trading above $77,400 on Friday after a mild pullback earlier this week.
Week ahead – Nonfarm Payrolls and RBA in focus amid Middle East uncertainty
Nonfarm payrolls enter spotlight after hawkish Fed. RBA prepares for its third straight interest rate hike. Canada employment report comes out alongside the NFP.
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
PU Prime Champions Global Excellence as regional sponsor of AFA with the launch of “PU World Cup 2026”
As the world prepares for the most anticipated sporting event on the planet, PU Prime, a leading global brokerage and regional sponsor of the Argentine Football Association (AFA), is proud to announce the launch of the “PU World Cup 2026” campaign.
Blueberry Funded joins Propinder: Australian broker-backed prop trading reaches FXStreet's global audience
Propinder, the free prop trading challenge finder powered by FXStreet, announces Blueberry Funded as a launch partner.
Audacity Capital joins Propinder: Over $245 million paid to traders over 14 years
Propinder, the free prop trading challenge finder powered by FXStreet, announces Audacity Capital as a launch partner.