EUR/USD slumps to near 1.1700 on firmer US Dollar, FOMC Minutes in focus
The EUR/USD pair tumbles to near 1.1705 during the Asian trading hours on Wednesday. The Euro weakens against the Greenback as renewed tariff threats from US President Donald Trump unsettle markets. Traders await the FOMC Minutes, which will be released later on Wednesday.
GBP/USD remains below 1.3600 due to risk-off mood, UK fiscal concerns
GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains ground amid increased risk aversion. On Tuesday, US President Donald Trump told reporters at a White House cabinet meeting to impose a 50% tariff on Copper imports but he did not say when the tariff would take effect.
Gold price slides further below $3,300, over one-week low amid a firmer USD
Gold price remains under some selling pressure amid reduced bets for a Fed rate cut in July. The USD stands firm near a two-week high and contributes to the commodity’s offered tone. Tariff jitter weigh on investors’ sentiment, though it does little to impress the XAU/USD bulls.
Ethereum security revolution coming? Vitalik Buterin drops bold proposal
Ethereum co-founder Vitalik Buterin has proposed an improvement to the blockchain to boost Ether’s network security. Buterin plans to cap each Ethereum transaction at 16.77 million gas and reduce the risk of attacks on the blockchain. Ethereum could see a boost in its security if there is a lower risk of Denial of Service (DoS attack) and the stability of the chain is improved.
DEEPER DIVE
The dealer’s move nears: Trump’s tariff hand keeps FX traders glued
The waiting game is over. Over the weekend, the President said he “signed some letters.” Twelve of them. No one knows who gets what—just that the house will collect, one way or another.
French economy under significant strain with no signs of recovery
French industrial production fell again in May, reinforcing the likelihood of a contraction in GDP in the second quarter. The outlook for the rest of the year remains bleak.
Will a strong Franc prompt the SNB to intervene?
Swiss franc outperforms other majors in H1 2025. Is it time for the SNB to resume intervention? US tariffs could also impact the SNB’s policy strategy. Euro/Franc trades in a range, slightly above its record low.
CRYPTOCURRENCIES
Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise
Layer-1 cryptocurrencies Cronos (CRO) and Zcash (ZEC), alongside the meme coin Floki (FLOKI), recorded a double-digit rise on Tuesday, outpacing the market in 24-hour gains at press time on Wednesday. However, as the crypto gainers reach crucial resistances, momentum wanes, and the struggle to extend gains begins.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) present a mixed but optimistic outlook midweek as BTC holds steady while ETH and XRP show signs of renewed bullish momentum. The largest cryptocurrency by market capitalization is stabilizing at a critical support level as traders await a catalyst.
Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF
Crypto.com's native token Cronos (CRO) saw double-digit gains on Tuesday following Trump Media and Technology Group's (DJT) filing with the Securities & Exchange Commission (SEC) to launch a Blue Chip exchange-traded fund (ETF).
STOCKS
Mining stocks react after Trump suggests 50% tariff on Copper Premium
Some US mining stocks are making gains on Tuesday after US President Donald Trump said he was expecting to place a 50% tariff on Copper imports. The July delivery COMEX Copper contract surged 13.2% to close at 5.645/lb, the highest price on record going back to 1968.
Here’s where JP Morgan expects the S&P 500 to be at year’s end
In fact, JP Morgan analysts see the S&P 500 ending the year at 6,000, which would be down about 3.7% from the current level of 6,231. Currently, the large cap index is up about 6% year-to-date. So, if the S&P 500 did drop to 6,000 by year’s end, it would finish the year up about 2%.
WEEKLY FORECAST
EUR/USD: Higher highs keep coming on Trump announcements Premium
The EUR/USD pair kept rallying in the first week of July, peaking at 1.1830 before retreating slightly. Still, the pair retained most of its weekly gains and settled at around the 1.1780 mark.
GBP/USD: Pound Sterling pulls back before the next leg north Premium
The Pound Sterling (GBP) stretched its recovery mode and hit its highest since October 2021 against the US Dollar (USD) before sellers jumped in and sent the GBP/USD pair back toward the 1.3650 region.
Gold: Recovery remains shallow as markets don’t expect Fed rate cut in July Premium
Gold reclaimed $3,300 and broke a two-week losing streak. The near-term technical outlook doesn’t yet point to a buildup of bullish momentum. Markets will pay close attention to US trade talks.
Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end
Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.
US Dollar: ‘Big and Beautiful’ decline? Premium
The US Dollar (USD) saw further selling pressure this week, temporarily dipping to the 96.40 region for the first time since February 2022, according to the US Dollar Index (DXY).
Week ahead: FOMC Minutes and RBA decision
The FOMC’s minutes may showcase greater insight into the Fed’s deliberations and what considerations they took when deciding on their decision to keep interest rates steady. Hence the RBA’s interest rate decision is sure to garner significant attention from Aussie traders.
EDUCATION
AI in the science of capital allocation – Optimizing position size in FX, commodities, and crypto
In modern trading and investment strategy, success is not only about identifying the right market opportunities. It’s also about knowing how much capital to allocate to each position.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans.