EUR/USD breaches below 1.1600, four-day lows
EUR/USD remains on the defensive, breaking below the 1.1600 support level to hit fresh multi-day troughs on Wednesday. The pair returns to the sub-1.1600 region on the back of the continuous recovery in the US Dollar, backed by solid ADP and ISM Services prints and steady uncertainty surrounding the Middle East crisis.
GBP/USD gives away recent gains, focus is on 1.3400
GBP/USD and the broader risk complex remain under pressure on Wednesday. Indeed, Cable flirts with multi-day lows and approaches the 1.3400 region, putting its key 200-day SMA to the test on the back of the persistent bid tone in the Greenback, which remains underpinned by renewed tensions between Washington and Tehran.
Gold stays offered, focus is back to $4,400
Gold keeps the bearish tone in place, retreating toward the $4,430 region per troy ounce, or four-day lows, on Wednesday. The yellow metal’s retracement comes in response to escalating tensions in the Middle East, which in turn continue to drive oil prices higher while reinforcing the idea of a tighter-for-longer Fed.
Bitcoin takes a breather above $65,000 amid swelling institutional pressure
Bitcoin hovers above $67,000 as of Wednesday, taking a breather after over 6% loss the previous day. Whales are reducing their BTC holdings, likely influenced by the 12-day streak of ETF outflows.
DEEPER DIVE
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.
Lost Bitcoin may not be gone forever: How AI is changing crypto
Artificial intelligence (AI) is rapidly becoming interconnected with crypto as a practical infrastructure layer, now providing solutions to long-standing challenges in Bitcoin's (BTC) usage.
A metal hidden in your car exhaust: How Rhodium exploded way above Gold and Platinum Premium
For a brief moment in 2021, Rhodium became one of the hottest assets on the planet. The little-known precious metal surged to nearly $30,000 per ounce, climbing far above Gold and, at times, becoming more expensive than luxury watches.
CRYPTOCURRENCIES
XRP ticks up as risk-off mood, weak ETF demand cap recovery
Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.
Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East
The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.
Bitcoin takes a breather above $65,000 amid swelling institutional pressure
Bitcoin hovers above $67,000 as of Wednesday, taking a breather after over 6% loss the previous day. Whales are reducing their BTC holdings, likely influenced by the 12-day streak of ETF outflows.
STOCKS
Hewlett Packard Enterprise Q2 earnings: Taking a look at key metrics versus estimates
Hewlett Packard Enterprise (HPE) reported $10.68 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 40%. EPS of $0.79 for the same period compares to $0.38 a year ago.
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: Stagflation fears mount as Iran conflict remains unsolved Premium
The EUR/USD pair finished the last week of May at around 1.1660, barely up compared to the previous week’s close. The US Dollar shed some ground on the back of hopes, but losses were limited by persistent speculation that the Federal Reserve will have no choice but to hike interest rates before year's end.
GBP/USD: British Pound defends 200-day SMA, but for how long? Premium
The British Pound reversed course and posted a weekly loss against the US Dollar, with 1.3500 remaining a tough nut to crack for buyers. GBP/USD danced to the whims and fancies of fluid market conditions, thanks to the fast-shifting headlines around a potential peace deal between the United States and Iran.
Gold: Next direction entirely depends on US-Iran outcome Premium
Gold dropped to its lowest level in two months but managed to erase a large portion of its weekly losses. Investors await the next batch of high-impact economic data releases from the United States, while contradicting headlines surrounding the negotiations between the US and Iran make it difficult for the precious metal to find direction.
Billions in ETF outflows don’t bode well
US Dollar: The Good, the Bad and the Ugly Premium
Another apathetic week saw the US Dollar retreat modestly, although not by much. Geopolitics remained firmly at the centre of market attention, particularly toward the end of the week after reports emerged that the US and Iran had reportedly reached an agreement aimed at extending the current 60-day ceasefire.
Week ahead – NFP report and Eurozone CPI to test US-Iran optimism
It’s been seven weeks since the US and Iran agreed to a ceasefire and engage in talks aimed at negotiating a permanent deal that not just ends the hostilities and reopens the Hormuz Strait but also resolves the long-standing nuclear issue.
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.
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PU Prime joined Traders Fair Thailand 2026
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Finance Magnates Africa Summit evolves into The Trading Festival Cape Town, South Africa
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