Forex Analysis
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EUR/USD drops toward 1.0700 after US jobs report
EUR/USD came under renewed bearish pressure in the second half of the day on Friday and declined toward 1.0700. Stronger-than-expected Nonfarm Payrolls (NFP) data helps the US Dollar gather strength ahead of the weekend and forces the pair to stay on the back foot.
GBP/USD extends slide below 1.2450 amid a stronger USD
GBP/USD dropped further and hit fresh daily lows below 1.2450 amid a stronger US dollar. The Greenback remains firm following the release of the US May jobs report. Despite losing almost 100 pips on Friday, GBP/USD is still on track for a weekly gain.
FXS SIGNALS
Deeper dive
Three make-or-break crises impacting the US
There is a thread running between the three crises being felt in the US right now. We have big issues in play. They have evolved slowly but surely. The coming months will prove to be a make or break period.
What does the debt ceiling deal mean for precious metal prices?
After weeks of political impasse, tense negotiations and mounting economic anxiety, the Senate passed legislation on Thursday to suspend the U.S debt ceiling until January 1, 2025, ending a drama that threatened a Global Financial Crisis.
Asia is the vibrant global hub, yet black swans are there
According to IMF forecasts, the Asia-Pacific region is poised to be the most vibrant global hub in 2023, driven largely by the upbeat outlook for China and India.
upcoming calendar events
REAL-TIME RATES
CRYPTO KEYS
Bitcoin, Ethereum prices struggle after mixed US NFP data
BTC and ETH prices experienced a temporary pullback as crypto market participants reacted to the news of the US NFP data release for May. Similar to the situation in April, the number of Nonfarm Payrolls added far exceeded the market’s expectations.
Solana: A break above $26.30 would spell doom for bears
SOL price has been trading with a bullish bias after an explosive breakout on December 30. However, because of volatility and the gloom in the broader crypto market, SOL has been unable to break above a key hurdle at $26.30, causing the price to trade sideways.
Bitcoin Weekly Forecast: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.