EUR/USD challenges multi-week lows near 1.1580
EUR/USD loses momentum and breaches below the 1.1600 support on Thursday. Indeed, softer than expected PMIs in the euro area weigh on the single currency, while a cautious market mood keeps the US Dollar supported across the board, exposing the pair to further weakness.
GBP/USD looks to consolidate around 1.3400
GBP/USD reverses Wednesday’s advance and drifts back toward the 1.3400 region after mixed advanced UK PMI data. Meanwhile, persistent uncertainty surrounding US–Iran negotiations keeps investors cautious, underpinning the Greenback and leaving Cable under renewed downside pressure.
Gold appears consolidative around $4,500
Gold remains under pressure following Wednesday’s rebound and retreats toward the $4,500 region on Thursday. Ongoing uncertainty surrounding the US–Iran conflict, together with the hawkish tone reflected in the latest FOMC Minutes, continues to underpin the US Dollar and US Treasury yields, keeping the demand for the precious metal subdued.
Crypto Today: Bitcoin, Ethereum, XRP tick up as optimism builds for US-Iran peace deal
The cryptocurrency market remains calm on Thursday, with prices broadly increasing. Bitcoin hovers above $78,000, advancing from $76,000 support. Altcoins, including Ethereum and Ripple, are gaining momentum, albeit gradually.
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.
Nvidia made $58 billion in a quarter: Here’s what is really driving profits Premium
Nvidia (NVDA) has now beaten Wall Street in something like 18 of its last 20 quarters, and for three reports running, the stock has been sold off on reaction anyway.
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
Sui bets on gasless stablecoin transfers to transform payments
Sui Network, a Layer-1 protocol, launched a new feature that supports gasless stablecoin transfers. The feature enables users and businesses to send supported stablecoins without paying gas fees or maintaining a separate SUI token balance.
XRP consolidates as network activity improves
Ripple remains calm, trading around $1.37 at the time of writing on Thursday. The current sideways action follows a subtle recovery from support at $1.35, and reflects broader optimism for a US-Iran peace deal.
Near Protocol and Bittensor Price Forecast: AI tokens extend rally on NVIDIA's earnings beat
Near Protocol (NEAR) and Bittensor (TAO) extend gains on Thursday, likely driven by AI chip manufacturer NVIDIA's record-breaking $58.3 billion in profits last quarter.
STOCKS
Nvidia beats Q1 consensus, raises Q2 guidance to $91 billion Premium
Nvidia (NVDA) easily beat consensus for the fiscal first quarter, though the share price was largely unimpressed afterhours on Wednesday. Founder and CEO Jensen Huang’s company posted adjusted EPS of $1.87, beating the consensus by 10 cents. Nvidia’s sales hit $81.6 billion in the quarter, $2.65 billion ahead of consensus.
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
Why global brokers attend iFX EXPO International 2026
iFX EXPO International 2026 returns to Limassol, 16-18 June, and for the global brokerage industry, it remains the single most important event on the calendar.
PU Prime Launches “Dream Fund” to Tackle Global Education Gap, Beginning with Sustained Sponsorship in Nigeria
ABUJA, NIGERIA, May 21st, 2026, FinanceWire
HFM congratulates Arsenal on historic Premier League triumph
HFM is proud to congratulate Arsenal Football Club on being crowned Premier League champions, marking a defining moment for the club, its supporters and everyone connected to the Arsenal family.