Live Analysis Room's Anchor comments that the GBP/USD is showing positive divergence in the 15-minute and 1-hour timeframes. He says cover shorts look for a retrace rally.

USD/CAD could not break with a $12 rally in crude, so a crude pullback could launch USD/CAD to 1.3500.

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Australian Dollar maintains ground amid subdued US Dollar, US Nonfarm Payrolls awaited

Australian Dollar maintains ground amid subdued US Dollar, US Nonfarm Payrolls awaited

The Australian Dollar rises on hawkish sentiment surrounding the RBA prolonging higher interest rates. Australia’s central bank is expected to maintain its current rate at 4.35% until the end of September. US Nonfarm Payrolls is expected to print a reading of 243K for April, compared to 303K prior.

AUD/USD News

EUR/USD: Optimism prevailed, hurting US Dollar demand

EUR/USD: Optimism prevailed, hurting US Dollar demand

The EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 1.0760 ahead of the close after tumultuous headlines failed to trigger a clear directional path.

EUR/USD News

Gold bears take action on mixed signals from US economy

Gold bears take action on mixed signals from US economy

Gold price fell more than 2% for the second consecutive week, erased a small portion of its losses but finally came under renewed bearish pressure. The near-term technical outlook points to a loss of bullish momentum as the market focus shifts to Fedspeak.

Gold News

Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”

Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”

Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.

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Week ahead: BoE and RBA decisions headline a calm week

Week ahead: BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

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