EUR/USD hits two-week tops near 1.1680 on US-Iran deal hopes
EUR/USD adds to Thursday’s advance and climbs to fresh two-week highs, approaching 1.1680 on the back of further selling pressure on the US Dollar. The extra uptick in spot comes soon after President Trump said the US will lift the naval blockade, at the time when a decision of the US-Iran deal is expected anytime soon.
GBP/USD pops to three-day peaks, targets 1.3500
GBP/USD gathers extra pace and reaches new three-day tops past 1.3480 on Thursday. Cable’s extra recovery follows the sell-off in the Greenback on the back of further improvement on the geopolitical landscape and the generalised bid bias in the risk complex.
Gold flirts with two-week highs near $4,600
Gold attracts fresh buying interest for a second consecutive day, this time approaching the key $4,600 mark per troy ounce. The yellow metal’s upside momentum gathers pace in response to extra downside in the US Dollar following promising news on the US-Iran front.
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: Stagflation fears mount as Iran conflict remains unsolved Premium
The EUR/USD pair finished the last week of May at around 1.1660, barely up compared to the previous week’s close. The US Dollar shed some ground on the back of hopes, but losses were limited by persistent speculation that the Federal Reserve will have no choice but to hike interest rates before year's end.
GBP/USD: British Pound defends 200-day SMA, but for how long? Premium
The British Pound reversed course and posted a weekly loss against the US Dollar, with 1.3500 remaining a tough nut to crack for buyers. GBP/USD danced to the whims and fancies of fluid market conditions, thanks to the fast-shifting headlines around a potential peace deal between the United States and Iran.
Gold: Next direction entirely depends on US-Iran outcome Premium
Gold dropped to its lowest level in two months but managed to erase a large portion of its weekly losses. Investors await the next batch of high-impact economic data releases from the United States, while contradicting headlines surrounding the negotiations between the US and Iran make it difficult for the precious metal to find direction.
Bitcoin: Billions in ETF outflows don’t bode well
Bitcoin remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds recording billions in outflows.
US Dollar: The Good, the Bad and the Ugly Premium
Another apathetic week saw the US Dollar retreat modestly, although not by much. Geopolitics remained firmly at the centre of market attention, particularly toward the end of the week after reports emerged that the US and Iran had reportedly reached an agreement aimed at extending the current 60-day ceasefire.
Week ahead – NFP report and Eurozone CPI to test US-Iran optimism
It’s been seven weeks since the US and Iran agreed to a ceasefire and engage in talks aimed at negotiating a permanent deal that not just ends the hostilities and reopens the Hormuz Strait but also resolves the long-standing nuclear issue.
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.
Moneta Funded launches Instant Funding Pro Challenge: Funded from day one with more freedom, on-demand first payouts and 88% profit split
Moneta Funded, the new comer to the prop scene already known for disrupting the incumbents, backed award-winning broker Moneta Markets, today announced the launch of its new Instant Funding Pro Challenge, a flexible funding solution designed for traders who want to start trading funded capital from