EUR/USD loses the grip; focus is now on 1.1500
EUR/USD remains under intense selling pressure on Friday, slipping back to the vicinity of 1.1500 to hit new multi-week troughs. The pair’s severe pullback comes on the back of the robust performance of the US Dollar in response to firmer-than-expected NFP and steady expectations that the Fed will maintain a hawkish stance.
GBP/USD eases to two-week lows around 1.3340
GBP/USD intensifies its correction, hovering around the 1.3340 zone at the end of the week. Cable’s U-turn follows the stronger Greenback after the May NFP shattered expectations, allowing investors to price in a Fed rate hike by year-end.
Gold targets $4,300 amid stronger Dollar
Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.
Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit
Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.
DEEPER DIVE
The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing Premium
More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.
Bitcoin’s massive storm is back: Why the sell-off is far from over
Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts.
Recession on paper: What really moves the Canadian Loonie now? Premium
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.
CRYPTOCURRENCIES
Crypto Today: Bitcoin, Ethereum, XRP trade under sustained selling pressure despite mild ETF inflows
Cryptocurrency prices remain under pressure as a risk-off mood persists on Friday, with Bitcoin consolidating its losses above $62,000. Altcoins, including Ethereum and Ripple, are extending their weakness, trading near lower support levels around $1,600 and $1.12, respectively.
Bitcoin Weekly Forecast: After the bloodbath, everyone looks at $60,000
Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty.
Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit
Cardano price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit. A reactionary spike in on-chain activity and social chatter, reflecting a strength of community, but fails to absorb the price decline.
STOCKS
Broadcom plunge drags down NASDAQ, but Dow Jones surges on lower Oil Premium
The US stock market is of two minds on Thursday, and that means the Dow Jones Industrial Index (DJIA) and NASDAQ 100 (NDX) are moving in opposite directions.
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: US Dollar meant to keep rallying despite expected ECB hike Premium
The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing Premium
Gold: Strong US labor market weighs heavily as Middle East uncertainty lingers Premium
Bitcoin: After the bloodbath, everyone looks at $60,000
US Dollar: In the labour market we trust Premium
Week ahead – Fed countdown begins amid US inflation data and geopolitical risks
Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?
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
Fusion Markets enables 24/7 payment processing, cuts withdrawal time to under an hour
Fusion Markets has extended its payment processing window to 24/7, effective immediately. Clients can now deposit and withdraw funds any day of the week at any time, including weekends and public holidays, with a median withdrawal processing time of under an hour.
IUX highlights 2026 infrastructure capabilities to support fast execution and raw spreads
IUX, a global financial services provider founded in 2016, has highlighted its 2026 operational framework, showcasing its ongoing Infrastructure development.
IC Funded joins Propinder: The Prop Firm backed by one of the world's largest Forex brokers
Propinder, the free prop trading challenge finder powered by FXStreet, announces IC Funded as a partner.