EUR/USD holds above 1.0500 after ECB Accounts

EUR/USD holds above 1.0500 after ECB Accounts

EUR/USD stays in positive territory above 1.0500 in the European session on Thursday as the dollar weakens amid falling US Treasury bond yields. The ECB's April meeting accounts showed that policymakers viewed that it was important to act on policy without "undue delay."

EUR/USD News

GBP/USD rebounds above 1.2400 despite risk aversion

GBP/USD rebounds above 1.2400 despite risk aversion

GBP/USD has gained traction and climbed above 1.2400 after having dropped below 1.2350 earlier in the day. The data from the UK showed on Thursday that industrial orders at a record-setting pace in May, helping the pound gather strength despite risk aversion.

GBP/USD News

Gold rises toward $1,830 as US yields push lower

Gold rises toward $1,830 as US yields push lower

Gold has started to push higher in the European session on Thursday and climbed to fresh session highs near $1,830. With the benchmark 10-year US Treasury bond yield losing nearly 2% on the day, XAU/USD is gathering bullish momentum. 

Gold News

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

The crypto community witnessed the first “crypto bank run” in history when both Terra's LUNA price and UST crashed, wiping out nearly $39.2 billion in market value within a week. 

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Why was TSLA kicked out of S&P 500 ESG Index?

Why was TSLA kicked out of S&P 500 ESG Index?

Tesla (TSLA) found itself at the center of attention on Wednesday for all the wrong reasons. The stock suffered several analyst downgrades, and Tesla also found itself booted out of the S&P 500 ESG Index.

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DEEPER DIVE

Dollar weakness stands on two vulnerable legs, Fed fear set to trigger greenback comeback Premium

Dollar weakness stands on two vulnerable legs, Fed fear set to trigger greenback comeback

Shanghai's "freedom day" and JP Morgan's optimism have sparked a relief rally, adverse for the dollar. US data and tough Fed talk on inflation could trigger fresh demand for the greenback. 

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider Premium

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider

EUR/USD and GBP/USD are set to extend their declines – and for good reasons. Where is the bottom? The low point for these currency pairs heavily depends on the Fed and the main question is: when will the dollar reach a top?

Three oversold cryptos that could double your portfolio

Three oversold cryptos that could double your portfolio

A brief technical and on-chain analysis on a few cryptos. Which are the massively oversold coins at this moment? How you could benefit from the crypto bloodbath? Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next.

FXS Signals

Technical Confluences Detector

Anil Panchal

Gold Price treads water for the second consecutive day, taking rounds to $1,815, as market sentiment dwindles amid a lack of major data/events and mixed signals. The precious metal faced rejection at $1,836 earlier in the week but buyers returned from $1,807 to nullify the moves, portraying lackluster moves of late.

Gold Price: Key levels to watch

The Technical Confluences Detector shows that the Gold Price stays between the $35 range above $1,800, nearing multiple resistances starting from $1,817 that encompasses the SMA5 four-hour, Fibonacci 23.6% one-week and one-day.

Following that, a convergence of the SMA100 one-hour, the SMA10 four-hour and the Fibonacci 38.2% one-day challenge XAU/USD buyers around $1,821.

In a case where gold buyers cross $1,821, SMA5 one-day and Fibonacci 61.8% one-day at $1,825 and $1,828 respectively, can test upside momentum before the key $1,834 level including Fibonacci 38.2% one-week.

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CRYPTOCURRENCIES

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

The collapse of Terra's LUNA price and algorithmic stablecoin TerraUSD (UST) has sparked outrage in the crypto community. Institutions and retail investors suffered significant losses when $40 billion in LUNA and UST’s market value was destroyed within a week.

More Terra News

If you haven’t sold yet, XRP will give you another chance before it dumps to $0.19

If you haven’t sold yet, XRP will give you another chance before it dumps to $0.19

XRP price is in a rut as it followed Bitcoin and other altcoins into a crash after the LUNA-UST debacle. Ripple, on the other hand, is relentlessly fighting against the US Securities and Exchange Commission’s (SEC) allegations and to prove that XRP token is not a security.

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How this fakeout could trigger ApeCoin price to rally 60%

How this fakeout could trigger ApeCoin price to rally 60%

ApeCoin price is preparing for an upswing but the recent breakdown has caused many buyers to go to the sidelines. The breakdown from a bullish pattern, however, could be a tactic used by smart money to collect liquidity before an explosive ascent.

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How to catch the next trade setup for Crypto.com price

How to catch the next trade setup for Crypto.com price

Crypto.com price faces a decisive moment as it trades under a significant barrier for roughly a week. The bullish outlook and a recovery rally is dependent on the fact that CRO manages to overcome this hurdle.

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THE STOCK OF THE DAY

Apple Stock News and Forecast: Michael Bury and the big short on AAPL

Apple Stock News and Forecast: Michael Bury and the big short on AAPL

Apple (AAPL) stock recovered some recently lost ground on Tuesday as the broader market finally began its long-awaited recovery. Comments out from Fed members on Tuesday night indicate that the Fed aims to go fast and furious, but then come late summer or September the central bank may begin to pare back the speed of rate hikes to 25 basis points. That has kept bond yields in check, which should help the Nasdaq in particular.

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WEEKLY FORECAST

EUR/USD: How far can the dollar go? Premium

EUR/USD: How far can the dollar go?

The EUR/USD pair finally left its consolidative phase, breaking lower and falling to a multi-year low of 1.0348. It closed the week a handful of pips above the level, with sellers now adding shorts on spikes beyond the 1.0400 figure.

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GBP/USD: A temporary bottom in place? Premium

GBP/USD: A temporary bottom in place?

The pound battering continued for the fourth straight week, as bears refused to give up. GBP/USD lost more than 200 pips to hit a new two-year low at 1.2157, breaking through several critical support levels. 

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USD/JPY: Volatile consolidation is not an oxymoron Premium

USD/JPY: Volatile consolidation is not an oxymoron

The two-month run in the USD/JPY has stalled as falling Treasury yields undermined the pair’s most potent logic, while slowing growth in China, equity turmoil and the anticipated drag of Fed rate increases on the US economy brought a modest revival to the yen safety trade. 

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AUD/USD: Interim top confirmed, 0.7000 at risk Premium

AUD/USD: Interim top confirmed, 0.7000 at risk

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. 

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Bitcoin: Multiple scenarios arrive at the same bearish conclusion

Bitcoin: Multiple scenarios arrive at the same bearish conclusion

Bitcoin price shows interesting setups from multiple time frames that hint at a confluence. This convergence occurs for the short-term bullish outlook as well as the macro bearish scenario for BTC. 

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Gold: Looks to test $1,800 with sellers retaining control Premium

Gold: Looks to test $1,800 with sellers retaining control

Gold recovered after dropping below $1,800 on Friday but ended up losing more than 3% on a weekly basis, registering its second-largest one-week drop of the year. 

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