AUD/USD extends losses below 0.7150 after RBA Minutes
AUD/USD extends the latest leg lower below 0.7150 in the Asian session on Tuesday, as traders digest the RBA Minutes, which signal a pause after May's interest rate hike. The RBA Minutes counter hawkish comments from RBA's Hunter. Additionally, the US Dollar uptick, bolstered by rising bets on Fed rate hikes, acts as a headwind for the currency pair.
USD/JPY bounces to test 159.00 despite strong Japan's Q1 GDP data
USD/JPY is retesting 159.00 on a renewed upside early Tuesday, as the Japanese Yen (JPY) remains uninspired by the stronger-than-expected Japan's Q1 GDP data. The GDP report indicated that the economy grew by 2.1% annual pace during the first quarter of 2026. Economic concerns stemming from the Middle East crisis undermine the Japanese Yen. Meanwhile, rising bets for a rate hike by the Fed in 2026 support the US Dollar and the currency pair.
Gold sellers retain control whilst below 21-day SMA near $4,650
Gold is back in the red near $4,550 in Asia on Tuesday, lacking any upside potential. Risk-off flows return and boost the haven demand for the US Dollar, despite a pullback in the US bond yields, dragging the bullion lower. Rising bets for a Fed rate hike and the emergence of some US Dollar buying keep a lid on the XAU/USD.
XRP and XLM outlook: Bears in control of the momentum
Ripple and Stellar remain under pressure on Tuesday as bearish momentum continues to dominate after correcting nearly 5% and 12%, respectively, in the previous week. XRP and XLM both trade beneath all major Exponential Moving Averages, reflecting sustained selling pressure.
DEEPER DIVE
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. The assumption being made by markets is that the Fed will not have the stomach to hike interest rates even if inflation keeps screaming higher.
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.
UK 30-year gilts hit 5.78%, the highest since 1998: what is being priced in? Premium
UK 30-year gilts traded as high as 5.78% on Tuesday, the highest level since 1998, while 10-year yields topped 5.10% with markets pricing in nearly three-quarter-point Bank of England (BoE) rate hikes this year.
CRYPTOCURRENCIES
Ethereum Price Forecast: BitMine boosts ETH holdings as Lee sees buying opportunity
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) expanded its digital asset stash again last week despite the crypto market decline.
Strategy scoops $2B in Bitcoin as Iran launches BTC-backed shipping insurance
Strategy announced that it acquired 24,869 Bitcoin (BTC) for approximately $2.01 billion last week, marking one of its largest purchases in recent weeks.
XRP slides below $1.40 as risk-off mood persists
Ripple (XRP) remains pressured below $1.40 at the time of writing on Monday, reflecting a broader sell-off in the crypto market.
STOCKS
US stock market reels lower as Treasury yields soar Premium
The US Treasury market is rearing its head once again on Friday, this time causing a broad sell-off in US market indices. The NASDAQ Composite opened up close to 1.4% lower, while the S&P 500 and Dow Jones Industrial Average are both off between 0.5% and 1.0%.
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
10 best mobile AI trading bot apps for crypto day trading in 2026
AI trading bot apps are becoming one of the most important tools for crypto day traders in 2026.
The Trading Pit joins Propinder: One of the few Prop firms where you can trade CFD, futures, and stocks
Propinder, the free Prop trading challenge finder powered by FXStreet, announces The Trading Pit as a launch partner.
Headway launches $150 no deposit bonus
Headway, a global online broker, has introduced a new no-deposit sign-up bonus designed to help traders explore different markets without risking their own capital.