EUR/USD stays depressed below 1.1700 on Mideast flare-up
EUR/USD stays defensive below 1.1700 in the European trading hours on Tuesday. The US Dollar regains a haven bid amid fears of a ceasefire violation between the US and Iran as tensions in the Strait of Hormuz re-ignite. The USD resurgence and risk-off mood weigh negatively on the pair.
GBP/USD bounces back toward 1.3500 as USD loses traction
GBP/USD is bouncing back toward 1.3500 in the European session on Tuesday. The US Dollar stalls its upside even as rising geopolitical tensions. Reports that Iranian missile strikes against US naval vessels near the Strait of Hormuz re-escalated the US-Iran conflict.
Gold recovers further from one-month lows near $4,500
Gold recovers further from an over a one-month low, touched the previous day near $4,500, and climbs further beyond the $4,550 level during the first half of the European session on Tuesday. The uptick, however, lacks any obvious fundamental catalyst and runs the risk of fizzling out rather quickly, warranting some caution before positioning for any meaningful upside.
Cardano price signals triangle breakout as retail interest spikes
Cardano trades above $0.2500 extending gains toward a key resistance trendline after an indecisive close on Monday. The altcoin is gaining retail strength, anticipating further upside on a potential breakout. Cardano should clear the 50-day Exponential Moving Average at $0.2555 to extend its recovery.
DEEPER DIVE
Thanks for your service, Mr. Chair Powell Premium
Powell’s departure is probably the most troublesome end of a Fed Chair, despite being the most resolute leader a central bank could have. You may love him or hate him, but what is not under discussion is his professionalism: he had a task, and he did it with excellence.
Yentervention: Will it stick this time? Premium
Japan’s first intervention in the Forex market in almost two years shows that authorities are serious about preventing the sharp depreciation of the Yen. While the move may work in the short term, any significant reversal of the trend is unlikely because Tokyo has little to no control over the factors that are currently weakening the Yen.
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
XRP and XLM outlook: Mixed sentiment cloud direction
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as mixed market sentiment keeps price action subdued.
Crypto Overview: Toncoin, Terra Classic rise by double digits
Bitcoin rises above $80,000 triggering a broader market recovery despite the US-Iran ceasefire at risk as tensions resurface. Toncoin and Terra Classic are leading the market recovery with double-digit gains over the last 24 hours.
DeFi Development launches $200M ATM facility to fund SOL acquisitions
DeFi Development Corp has launched a $200 million at-the-market equity program to fund additional Solana purchases and support broader ecosystem initiatives, according to a statement released Monday.
STOCKS
Markets will get a second look at the AI rally this Tuesday
AMD, Super Micro Computer and Navitas Semiconductor are all set to report after the U.S. close on Tuesday, May 5, 2026.
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.
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.
CFI secures Brazil Central Bank license, advancing Latin America expansion
CFI Financial Group, a globally recognized leader in online trading services, today announced that it has received regulatory authorization from the Banco Central do Brasil to operate as a securities brokerage firm (Corretora de Títulos e Valores Mobiliários) in Brazil.