Market News
QQQ Elliott Wave Correction Unfolding From May 19 Low
QQQ is correcting in wave 2 after completing wave 1 at $748.65. Support is expected between $733.60 and $738.20 before the next rally.
EUR/USD 1.0842 ▲
GBP/USD 1.2671 ▼
USD/JPY 149.53 ▲
AUD/USD 0.6583 ▼
EUR/GBP 0.8559 ▲
USD/CHF 0.9014 ▼
NZD/USD 0.6021 ▲
USD/CAD 1.3648 ▼
Market News
Market News
Canadian Dollar Falls as US NFP Beat Overshadows Strong Jobs Data
USD/CAD climbed to 1.3935 Friday after US payrolls added 172K jobs in May, overwhelming a strong Canadian employment report.
Market News
British Pound Breaks Below 1.3400 as Blowout NFP Fuels Dollar Rally
GBP/USD falls 0.37% after May NFP doubles estimates at 172K. Markets now price a 67% chance of a Fed rate hike by December.
Market News
US Oil Rig Count Edges Up to 431 in Latest Baker Hughes Data
Baker Hughes weekly data shows US oil rig count rose to 431 from 429, a modest two-rig gain with implications for crude supply trajectory.
Market News
USD Lower Ahead of US and Canada May Jobs Reports
The USD is broadly lower ahead of dual employment reports from the US and Canada at 8:30 AM ET, with technical levels in focus across major pairs.
Trading Strategies
Fed's Hammack: Jobs Market in Balance, Inflation the Bigger Concern
Fed hawk Hammack says today's jobs report confirms the labor market is roughly in balance. She warns inflation is high, rising, and warrants decisive action.
Forex Analysis
IPI Approaches Blue Box Support as New Bullish Cycle Builds
Intrepid Potash ($IPI) is nesting since June 2023 and approaching key blue box support at 32.10–22.23, where a new bullish cycle may accelerate.
Brokers & Platforms
US May Non-Farm Payrolls 172K, Crushing 85K Forecast
US May payrolls surged to 172K, well above the 85K forecast. Prior months were revised sharply higher, adding a net 93K.
Market News
Prediction Markets Push Sportsbooks to Rethink World Cup Strategy
Polymarket's World Cup contracts have hit $1.5B in volume. Sportsbooks are expanding products and entering prediction markets directly to compete.
Trading Strategies
ATFX Suspends ATFunded Prop Trading Operations for Full Review
ATFX has paused its prop trading unit ATFunded less than two years after launch, citing sustainability concerns and promising full refunds to active traders.
Forex Analysis
Bitcoin Nears Year Lows as $60,000 Support Comes Under Pressure
Bitcoin is down 4.5% to $60,732, threatening a break below $60,000 for the first time since September 2024. The technical picture is deteriorating.
Brokers & Platforms
Prediction Markets Hit $29.4B Monthly Record as Institutions Move In
Prediction markets set a $29.4B monthly volume record in May. Brokers, market makers, and sportsbooks are all adjusting their strategies in response.
Market News
Semiconductor Pullback Weighs on South Korean Won, Says DBS
USD/KRW has pushed above 1530 as weakness in semiconductor stocks pressures the Korean Won. DBS warns further outflows could destabilize KRW.
Trading Strategies
Nomura Expects Modest ECB Growth Downgrades in June Projections
Nomura forecasts the ECB will trim 2026–2027 GDP growth in June projections. Inflation is still seen near target by Q4 2028.
Forex Analysis
Thailand May CPI: Cost-Push Inflation, No Demand Overheating — UOB
Thailand's May CPI eased slightly but remained near the top of the BoT's target. UOB sees inflation as supply-driven with limited second-round effects.
Brokers & Platforms
The5ers Founders' CFD Broker Trade Set Go Receives Seychelles Licence
Trade Set Go, the CFD brokerage backed by The5ers founders, has secured a Seychelles licence and begun a soft launch to onboard clients.
Market News
Gold Drops 3% as May Jobs Data Forces Rate-Hike Rethink
A blowout May NFP print sent the US Dollar above 100 and gold tumbling past $4,336, with rate-hike odds climbing to 67% for December.
Trading Strategies
US Stocks Slide as Strong Jobs Data Revives Rate Hike Fears
US equities fell sharply after May payrolls beat expectations, lifting Fed hike odds. Tech led the selloff while consumer staples outperformed.
Forex Analysis
Nasdaq Posts Worst Session Since April as Jobs Data Hits Stocks
The Nasdaq fell 4.18% Friday after stronger-than-expected jobs data pushed Treasury yields higher. The S&P 500 dropped 2.65% amid rate cut concerns.
Brokers & Platforms
AUD/USD Weekly Outlook: Downside Bias Targets 0.6999 and 0.6875
AUD/USD resumed its fall from 0.7277, breaking 0.7076. Near-term bias is bearish, targeting 0.6999 with risk to 0.6875.
Market News
Singapore Dollar Holds Firm as MAS Policy Anchors NEER Above Midpoint
OCBC sees USD/SGD drifting toward 1.26 by year-end, with SGD NEER holding 1.5–2% above midpoint on MAS support and safe-haven demand.
Beginner's Corner
Market News
Singapore Dollar Holds Firm as MAS Policy Anchors NEER Above Midpoint
OCBC sees USD/SGD drifting toward 1.26 by year-end, with SGD NEER holding 1.5–2% above midpoint on MAS support and safe-haven demand.
Trading Strategies
Oil: Conflicting Demand Signals Shape Outlook — Commerzbank
Brent rose on renewed US–Iran tensions, but price reactions remain muted. Inventory levels and rerouted flows are limiting upside pressure.
Forex Analysis
Apple (AAPL) Elliott Wave Blue Box Delivers Perfect Reaction
Apple stock completed a corrective decline precisely at the Elliott Wave Blue Box buying zone. Long positions are now risk-free after a strong bounce from suppo
Brokers & Platforms
Putin: US Should Use Russia's LNG Technologies in Alaska
Putin says it would be efficient for the US to use Russia's LNG technologies in Alaska. Crude oil fell 2.47% to $90.73 on the session.
Market News
Silver Crashes Toward 200-Day SMA, Eyes $61.01 Support
Silver tumbles nearly 8% on the day and 10% on the week following a stronger-than-expected US Nonfarm Payrolls report, threatening the 200-day SMA.
Trading Strategies
Meta Considers Tens of Billions in Stock Offering to Fund AI
Meta is weighing a large equity raise to fund its AI expansion. The news has pushed shares down over 6% on the day.
Forex Analysis
Warner Bros. Discovery (WBD) Elliott Wave Forecast: New Highs Expected
WBD completed a major corrective cycle at the 2024 low of 6.64. Elliott Wave analysis points to a new bullish impulse targeting all-time highs.