May 8, 2026 10:21 am
Key Moments GBP/JPY trades back above 213.00 on Friday. The cross is set to end the week close to where it started. Early UK local election results show Labour has lost control of eight councils. Reform UK has gained more than 350 local seats under partial counts. Japanese officials signal no limit on potential Yen-support […]
Read moreMay 8, 2026 9:10 am
Key Moments USD/CAD trades just above the mid-1.3600 area after retreating from a one-week high, ending a two-day advance. Traders remain cautious ahead of US Nonfarm Payrolls and Canadian labor market releases, while geopolitical uncertainty persists. Technical signals stay constructive, with USD/CAD above the 100-period SMA and key Fibonacci levels, and momentum indicators still pointing […]
Read moreMay 8, 2026 6:36 am
Key Moments Bitcoin (BTC) trades below $80,000 on Friday, easing from recent record highs but still holding above key 50-day and 100-day EMAs. Renewed US military action against Iranian targets coincides with weaker risk appetite and a slide in the Crypto Fear and Greed Index to 46. Ondo (ONDO), World Liberty Financial (WLFI), and Virtuals […]
Read moreMay 7, 2026 2:02 pm
Key Moments USD/CAD trades around 1.3630, showing virtually no movement on Thursday. Expectations for a potential US-Iran deal pressure Crude Oil prices and weigh on the Canadian Dollar. Traders monitor upcoming US labor data, including Initial Jobless Claims and Nonfarm Payrolls. Rangebound Trading in USD/CAD USD/CAD is trading sideways near 1.3630 on Thursday at the […]
Read moreMay 7, 2026 1:36 pm
Key Moments TD Securities strategist Bart Melek links Gold’s latest downturn to an Iran-related Oil shock, higher inflation expectations, and a stronger US Dollar. Melek identifies significant long-term technical support for Gold in the $4,288–$4,000/oz range, potentially tested if Oil climbs to $150+/bbl. He projects that, once Iran-driven and Oil-related inflation pressures recede, Gold could […]
Read moreMay 5, 2026 9:28 am
Key Moments Commerzbank projects EUR/GBP moving toward 0.89 in the coming weeks from levels near 0.86. The bank expects the BoE may raise rates once before market focus returns to potential cuts in the second half of the year. Current GBP strength is not expected to reappear until 2027, despite a forecast recovery beginning in […]
Read moreMay 5, 2026 8:47 am
Key Moments ICE Brent jumped 5.8% in the latest session, closing above $114/bbl as geopolitical tensions intensified in the Persian Gulf. Resumed Iranian attacks on regional infrastructure and fresh U.S. military action in the Gulf have heightened concerns over potential supply disruptions. ING warns that U.S. efforts to escort vessels through the Strait of Hormuz […]
Read moreMay 5, 2026 7:52 am
Key Moments USD/CAD is trading around 1.3620 after failing to build on a recovery from the 1.3550 area, its lowest level since March 10. Firm Crude Oil prices and limited follow-through USD buying are capping the pair below a key technical barrier at 1.3650. The 1.3650 zone – combining the 100-period 4-hour SMA and 23.6% […]
Read moreMay 5, 2026 7:03 am
Key Moments USD/CHF trades around 0.7840 for a third straight session during Asian hours ahead of Switzerland’s April CPI release. Swiss SVME Manufacturing PMI rises to 54.5 in April, exceeding expectations of 52.0 and marking a second month of expansion. US Dollar firms on safe-haven flows and higher Treasury yields amid tensions following Iran’s attacks […]
Read moreMay 5, 2026 6:22 am
Key Moments: Silver trades near $72.85 in Tuesday’s Asian session, extending its decline below the 100-day EMA. Rising tensions in the Middle East and Iranian attacks on vessels in the Strait of Hormuz stoke inflation concerns and weigh on non-yielding assets. Key technical levels include resistance at $74.45 and support around $72.20 and $71.15. Persistent […]
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