EUR/USD remains sidelined around 1.1600
EUR/USD clings to its decent gains on Monday and continues to move in a consolidative mood around the 1.1600 region. Improved risk appetite following the US-Iran agreement to reopen the Strait of Hormuz continues to weigh on the US Dollar, lending support to the risk complex. Looking ahead, investors are likely to remain on the sidelines ahead of Wednesday's FOMC meeting.
GBP/USD retreats from tops, back to 1.3420
GBP/USD keeps its advance past the 1.3400 yardstick at the beginning of the week. In the meantime, Cable continues to draw support from improved market sentiment following reports that the US and Iran have reached a framework agreement aimed at ending the conflict and reopening the Strait of Hormuz.
Gold stays firm, still below $4,400
Gold builds on its recent gains on Monday, climbing well north of the $4,300 mark per troy ounce. The yellow metal benefits from renewed selling pressure on the Greenback as investors reassess the implications of the US-Iran agreement to end hostilities and reopen the Strait of Hormuz. Market participants now turn their attention to Wednesday's FOMC gathering.
Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement
Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.
DEEPER DIVE
4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem Premium
May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.
$1,500: Why Ethereum just crashed 20% despite spot markets barely selling
Ethereum recently suffered one of its sharpest declines of 2026, dropping more than 20% and briefly testing the $1,500 area. While the sell-off appeared to reflect broader market fears, derivatives and on-chain data suggest a more complex story may be unfolding beneath the surface.
Brutal sell-off: Silver deepens months-long slide, refocusing on $60
Silver has never been known for its calm temperament. The precious metal can spend weeks grinding higher before suddenly giving back months of gains in a matter of days. That volatile reputation has been on full display in recent weeks.
CRYPTOCURRENCIES
Crypto Overview: Bitcoin stabilizes above $65,000, as Zcash and Worldcoin lead broader recovery
Bitcoin shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.
Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement
Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.
Bitcoin extends rebound as US and Iran reach framework deal to end the war
Bitcoin steadies above $65,700 at the time of writing on Monday, after recovering nearly 4% in the previous week. BTC recovery was boosted following Sunday’s news that the US and Iran have reached a preliminary peace deal, lifting the risk appetite.
STOCKS
S&P 500 outlook: Using Elliott Wave analysis to spot key market turning points
In the June 3 update, when the S&P 500 was trading at around $7,570, it was shown, using the Elliott Wave Principle combined with market breadth, that “the weight of the evidence points toward a large-degree decline that could last several months.” Fast-forward to today: the index fell to $7,237 on Tuesday and has since rallied to $7,456. So far, so good.
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: Volatile days ahead, with Fed announcement and war headlines Premium
The US economy has defied the Iran war so far: Can it last?
Gold: Not out of the woods yet despite strong rebound Premium
Experts agree: Bitcoin nears bottom, but weak demand raises doubts
4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem Premium
Week ahead – Central bank barrage ahead: Fed, BoJ, RBA, SNB and BoE in focus
Fed meets as strong US data bolster rate hike bets. BoJ expected to hike, intervention risk also in focus. RBA to remain on hold, hawkish message could boost Aussie. BoE to also stand pat, inflation outlook to shape rate path speculation.
EDUCATION
The four-hour strategy that beats chasing the move
In this video, I break down a complete 4-hour strategy built on two moving averages, the 20 SMA and the 200 SMA, and show you exactly how to read the crossover, time your entry, and manage the trade for maximum follow-through.
Why professional traders still use pivot points
In a market environment dominated by AI, algorithms and increasingly complex trading systems, many traders overlook one of the simplest and most effective tools available: Pivot Points.
PRESS RELEASES
NFC Summit 2026 closes its fifth edition with 2,700 attendees and a landmark programme at Unicorn Factory Lisboa
NFC Summit 2026, Europe's largest annual event dedicated to digital art, Web3 culture, and creative communities, has concluded its fifth edition at Unicorn Factory Lisboa in the Beato Innovation District.
Headway World Cup 2026: Headway launches trading competition with $100,000 prize ool
Headway, a global broker, today announced the launch of its Headway World Cup 2026. The company is combining the excitement of football with the energy of trading.
iFX EXPO International brings big industry leaders to the stage
From the 16th to the 18th of June, iFX EXPO International is set to bring together some of the most influential voices in online trading, fintech, payments, liquidity, digital assets and financial services for an agenda built around the industry’s most important conversations.