EUR/USD: Bears await break below 1.1200 ahead of US-China joint statement
EUR/USD attracts some sellers on Monday, though it lacks bearish conviction. A break below 200-period SMA on H4 should pave the way for deeper losses. Any attempted move up is likely to confront a stiff barrier near the 1.1250 region.
GBP/USD trades with negative bias below 1.3300 amid modest USD strength
GBP/USD attracts some sellers as the US-China trade deal eases US recession fears and boosts the USD. The US-UK trade agreement and the BoE’s cautious tone support the GBP and limit losses for the major. Traders now look forward to speeches from BoE officials and FOMC members for some meaningful impetus.
Gold price struggles near one-week low; US-China joint statement awaited
Gold price kicks off the new week on a weaker note in reaction to the optimism over the US-China trade deal. Easing US recession fears and the Fed’s hawkish pause underpin the USD, and further weigh on the commodity. The XAU/USD bears await details on the US-China agreement before positioning for any meaningful downside.
Bitcoin awaits catalyst to push BTC above $109,000, US-UK and China deals fails to trigger rally
The United States unveiled its first major trade deal with the UK last week. The announcement was followed by talks of a highly anticipated deal with China. Both developments failed to catalyze a re-test of the all-time high in Bitcoin.
DEEPER DIVE
Has the tariff pain peaked?
Tariff rates may have peaked, but uncertainty hasn’t: Markets may be breathing easier, but investors should not mistake easing conditions for resolution. Even if headline tariff rates stay put, the real risk lies in prolonged policy unpredictability.
After April turbulence, what comes next?
Having come to the end of April the fact we’ve been able to shrug off most of the large losses seen at the start of the month should be considered as a win. The big question now is whether we can kick on from here, and revisit the highs seen in March, and that remains an unanswered question.
Latin America: How vulnerable is it beyond tariffs?
The vast majority of Latin American countries have been subject to 10% tariffs, the minimum rate, since April 2, imposed by the Trump administration. This leniency is due to the composition of their exports and the fact that most of them have a trade deficit with the US.
CRYPTOCURRENCIES
Ripple Price Forecast: XRP turns green amid waning exchange inflows
Ripple price continues its upward trajectory, trading at $2.40 on Monday, fuelled by a widespread bullish surge spearheaded by Bitcoin breaking past the $100,000 mark last week. Multiple buy signals suggest that XRP can potentially extend the rally.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC steadies after strong weekly rally; ETH & XRP find key support levels
Bitcoin price is stabilizing at around $104,000 on Monday after rallying by 10.44% last week. Ethereum and Ripple followed BTC’s lead and soared 39% and nearly 10% in the previous week.
Brazilian Stock Exchange set to list Ethereum and Solana futures from June 2025
B3 will launch Ethereum and Solana futures contracts on June 16. The announcement follows regulatory clearance from Brazil’s Comissão de Valores Mobiliários, finalizing plans unveiled in February.
STOCKS
UnitedHealth stock sinks below $380 for first time in four years Premium
UnitedHealth Group (UNH) stock traded lower on Friday, sinking to four-year lows below $379. Shares of the US' largest health insurer moved steadily lower in the session for the fourth straight session.
Subtle, yet important signal: Stocks shrug off the tariff cut
Today, we've got significant news regarding potential tariff reductions on China. President Trump suggested that "80% Tariff on China seems right" ahead of upcoming trade talks with Chinese officials.
WEEKLY FORECAST
EUR/USD: Under pressure as Fed tone, trade progress fuel US Dollar rebound Premium
The Euro (EUR) managed to regain some composure toward the end of the week, sparking a daily reversal in EUR/USD after easing below the 1.1200 level, or multi-week troughs, early on Friday. The recovery, however, did not change the pair’s weekly performance, which reached the third drop in a row.
GBP/USD: Pound Sterling fails to benefit from a cautious BoE, US-UK trade deal Premium
The Pound Sterling failed another attempt above 1.3400 versus the US Dollar. The Fed and the BoE stuck to their cautious rhetoric amid US tariff uncertainties. Technicals show that bullish potential remains intact for the pair whilst above 1.3165.
US Dollar: Trump’s trade chess with China sparks optimism Premium
The US Dollar logged a third consecutive weekly gain, continuing its gradual rebound from mid-April’s multi-year lows. Finally, the US DXY managed to advance further north of the key 100.00 level—a psychological threshold that has yet to be convincingly breached.
Gold: Buyers hesitate despite escalating geopolitical tensions Premium
Gold (XAU/USD) started the week on a bullish note and registered impressive gains on Monday and Tuesday before reversing its direction and settling above $3,300 in the second half of the week.
Bitcoin: BTC bulls aim for $105,000 after nearly 10% weekly gains
Bitcoin (BTC) price is stabilizing around $103,000 at the time of writing on Friday after rallying nearly 10% this week.
Week ahead – All eyes on US CPI and trade talks amid no end to tariff uncertainty
US CPI report takes centre stage to gauge tariff impact. Progress in trade negotiations will also be watched, especially with China. US Retail Sales, UK and Japanese GDP on the agenda too.
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