Overnight, dollar-yen reached an 8-day high but retreated after Bank of Japan Governor Ueda noted that Japan's inflation is still below the 2% target and the low policy rate limits economic stimulus options.
Meanwhile, the pound weakened as UK employment dropped by 109,000 in May—the largest decline in 5 years—with wage growth slowing to 5.2%, signalling...
Do technical signals show Bitcoin’s path to $130K?
Bitcoin briefly pushed above $110,000 for the second time this month, before pulling back slightly to trade around $109,500. The market consolidating just below the 61.8% Fibonacci extension level could be suggesting strong resistance is being tested near current levels.
Bitcoin remains within reach of its...
President Trump’s “Trump Accounts” proposal would give every American newborn a $1,000 investment account placed in a stock market index fund, managed by the child’s guardians. The plan is part of the Big Beautiful Bill and has support from CEOs including Nvidia’s Jensen Huang, who called it “a seed fund for America’s next generation.”
If passed, the plan could...
Despite believing the euro is currently overvalued, Bank of America prefers it to the US dollar, Swiss franc and Japanese yen.
Bank of America thinks the EUR could be supported leading up to the NATO and EU summits (June 24-27) especially if defense spending is confirmed. German infrastructure spending might also be expected to support the euro.
The EUR/USD...
RBC Global Asset Management has warned that the U.S. dollar appears significantly overvalued. The firm points to the ballooning U.S. budget deficit—now forecast to surpass $1.9 trillion this year—as a key factor behind its bearish outlook.
RBC's position might be reflected in the FX market with the USD/CAD under pressure. The pair has been forming lower highs...
Elon Musk publicly criticised Trump’s “One Big Beautiful Bill” as a “disgusting abomination” that would explode the U.S. deficit and “bankrupt America.” The bill is projected to add $2.5 trillion to the U.S. deficit over 10 years.
Musk claimed Trump wouldn’t have won the 2024 election without his support, calling the backlash “such ingratitude.”
Musk then...
President Trump expressed challenges in negotiating trade with China's President Xi, while EU–US trade talks progressed positively in Japan. Scheduled discussions in Washington are set for June 5th to 8th, amid new 50% US tariffs on steel and aluminium and China’s potential Airbus jet order.
In economic data, eurozone services PMIs improved, with mixed results...
Gold has climbed following softer-than-expected US economic data, which has strengthened speculation for at least two Federal Reserve rate cuts this year. ADP employment figures showed just 37K new jobs, well below the 111K forecast.
President Donald Trump, posting on Truth Social, called on “too slow” Fed Chair Jerome Powell to cut rates immediately.
The...
The “TACO trade” – short for “Trump Always Chickens Out” – originated in equity markets but is equally relevant in forex. The pattern is simple: Trump signals aggressive tariffs, markets react and then reverse when the threat is walked back.
One example: In May 2025, the U.S. dollar weakened sharply after Trump announced a 50% tariff on EU imports. EUR/USD...
The European Central Bank is expected to cut interest rates again this week, marking its eighth consecutive reduction as policymakers attempt to support sluggish growth across the eurozone. Markets widely anticipate a 25-basis-point cut, which would bring the deposit rate down to 2.00%.
EUR/USD is testing the upper boundary of a triangle formation visible on the...
US equity futures are well bid ahead of the North American open, with S&P 500 minis up over 1.1% and the Nasdaq up 1.7%, partially driven by Nvidia's strong results and a US court ruling declaring some of President Trump's tariffs illegal. This has boosted risk sentiment by potentially supporting consumer spending and economic growth, although uncertainty remains...
XAUUSD could potentially be presenting a multi-timeframe bullish bias, with the trend analyzer indicating strong uptrends from M30 through H4, and a weaker uptrend on the D1 timeframe.
The price has moved above the 20, 50, and 100-period exponential moving averages (EMAs), potentially suggesting strengthening short-term momentum. The 200 EMA near $3,254 has held...
GameStop has disclosed a $500 million investment in Bitcoin, marking its first significant move into the crypto space.
The video game retailer is sitting on $4.76 billion in cash and hasn’t disclosed a limit on future purchases.
GameStop shares fell 10% following the announcement, while Bitcoin pulled back toward $107,000. A 14% rally would be needed for BTC...
The parent company of Truth Social, Trump Media & Technology Group (DJT), on Tuesday announced a $2.5 billion capital raise to build a Bitcoin treasury.
The announcement coincides with Bitcoin 2025, the largest Bitcoin-focused event of the year, currently underway in Las Vegas. Despite the bullish signal from Trump Media, shares of the company closed down...
Asian markets have shown mixed performance on this Monday. Treasury Secretary Bessant announced plans to relax the supplementary leverage ratio this summer, potentially lowering government borrowing costs by enabling banks to trade more treasuries, while dismissing concerns about rising US bond yields.
However, US fiscal challenges persist with deficits over 6%...
The U.S. dollar weakened sharply in recent sessions as President Trump's announcement that the proposed 50% tariffs on EU imports will now be delayed until July 9, giving markets temporary relief.
GBP/USD edged toward 1.3600, testing levels last seen three years ago. The RSI sits just under 60, suggesting there’s still room before overbought conditions are...
Gold recently broke above a descending trendline and reclaimed the 0.382 Fibonacci level at $3,333.05. The bullish momentum now faces resistance near the 0.618 retracement at $3,366.29 and the $3,389.94 zone (0.786). A clean breakout could open the way toward the $3,440–$3,507 area, aligning with the 1.0 and 1.618 Fib extensions.
The rally follows rising trade...
EUR/USD is struggling to hold above 1.1250 after a modest bounce from recent lows near 1.1220. On the 4-hour chart, price remains capped below the 9-period SMA, with RSI hovering near neutral at 40 and volume showing persistent selling pressure. The technical setup points to a fragile recovery that has yet to gain conviction.
This comes as Credit Agricole...
