GBP/USD defends gains near 1.3600 as USD stabilizes
GBP/USD defends minor bids near 1.3600 heading into the European opening bells on Thursday. The US Dollar seems to stabilize after the recent declines, limiting the pair's upside. However, the Pound Sterling remains supported by surging UK gilt yields and risk flows.
Gold sticks to gains above $4,700 as USD remains weak on Iran deal hopes, receding Fed bets
Gold retains its positive bias for the third straight day and trades above the $4,700 mark, closer to a one-and-a-half-week high, heading into the European session. Bulls seem hesitant however, and opt to wait for further clarity over a potential US-Iran peace deal before positioning for further gains. Meanwhile, the downside remains cushioned on the back of fading expectations for a more hawkish US Federal Reserve and a broadly weaker US Dollar, which tends to underpin demand for the bullion.
Ondo rallies on first-ever tokenized Treasury bill settlement
Ondo Finance (ONDO) price extends a seven-day rally on Thursday on its first-of-its-kind OUSG tokenized short-term U.S. Treasury settlement. The ONDO price rally outperforms XRP, even as Ripple also participated in the project.
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
XMR upgrade earns praise from Cardano founder Charles Hoskinson
Monero trades slightly lower around $405 after breaking out above key resistances earlier this week. Monero’s second beta stressnet goes live on Thursday, highlighting the network’s latest privacy-focused development.
Crypto Overview: Bitcoin retreats as liquidations cross $500 million – Toncoin, Near Protocol outperform
Bitcoin is holding above $80,000 retracing after three straight days of gains. Total liquidations exceeded $500 million in the last 24 hours. Steering clear of the whipsaw, Toncoin and Near Protocol emerge as top performers in the same time period with double-digit gains.
XRP and XLM outlook: Derivatives traders turn bearish, caps upside momentum
Ripple and Stellar trade in the red as bearish sentiment builds in the derivatives market. XRP hovers near its key support, while XLM faces rejection from a similar resistance zone, signaling weakening bullish strength.
STOCKS
AI earnings aftermath: AMD, SMCI, NVTS, and the Nasdaq
Last night’s AI earnings basically gave the rally what it wanted: actual revenue, better guidance and another reason to keep the AI trade alive. But this was not all the same quality of earnings. AMD was the cleanest print. SMCI was messy but saved by guidance.
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.