Top News and Analysis

Copper near record highs. Market fears supply constraints and bets on strong demand

Copper prices are approaching record highs as investors focus on long-term demand from artificial intelligence, power grids and clean energy, while supply risks grow due to sulfuric acid disruptions, weaker output in Chile and new strategic mining projects in Congo.

08-05-2026 19:33 GMT by Krzysztof Kamiński

Are metals overdue for a rally? – Silver (XAG/USD) & Gold (XAU/USD) Outlook

XAU/USD, XAG/USD Outlook: Precious metals show signs of a bullish awakening as the traditional inverse relationship with crude oil begins to fade. With Copper breaking year-to-date highs and Gold printing a massive weekly hammer candle, the "war-driven" bear trend appears to be exhausting. Explore our intraday technical analysis of XAU/USD and XAG/USD to identify key breakout levels.

08-05-2026 19:21 GMT by Elior Manier

Tech continues to pull Stock Markets higher, S&P 500 at 7,400 – Dow Jones, Nasdaq and S&P 500 Intraday Levels

S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Tech stocks propel the Nasdaq and S&P 500 to new heights as investors ignore geopolitical noise in favor of AI-driven growth. Despite diverging labor data and weak consumer sentiment, the bull run remains relentless. Explore critical technical levels for the major US indexes.

08-05-2026 16:25 GMT by Elior Manier

Mixed feelings after the April Non-Farm Payrolls beat and Consumer Sentiment miss – Market Check

Global Markets update: US equities remain stoic following retaliatory strikes on Iranian energy hubs and a solid NFP beat of 115K. Despite a miss in consumer sentiment and higher inflation expectations, the cold-truce narrative persists. Explore our intraday market outlook and technical levels for the weekend

08-05-2026 14:11 GMT by Elior Manier

Chart alert: Nasdaq 100 bulls still in control above 28,280 key support amid US-Iran tensions

Nasdaq 100 holds bullish structure above 28,280 support despite US-Iran tensions, with healthy market breadth and technical signals pointing to further upside. After a brief 1.3% intraday pullback, the index recovered as sentiment stabilised on ceasefire reassurances. Market breadth remains healthy with 61% above 20-day MA and 57% above 200-day MA, suggesting broader participation beyond mega-cap AI leaders. Technicals support continuation within an ascending channel toward 28,860–29,615

08-05-2026 08:56 GMT by Kelvin Wong

Chart alert: GBP/USD potential bullish reversal above 20-day moving average

GBP/USD is showing signs of a potential bullish reversal as sterling remains supported above key technical levels despite renewed US-Iran tensions. Traders are closely watching the US non-farm payrolls, unemployment rate, and Michigan consumer sentiment data for fresh directional cues. Intermarket analysis suggests the Bank of England may stay more hawkish than the Federal Reserve, while technical indicators point to strengthening upside momentum toward the 1.3640/3665 resistance zone.

08-05-2026 05:37 GMT by Kelvin Wong

Asia open: Global markets jolted by US-Iran ceasefire violation, and traders brace for NFP

Global markets turned volatile after reports of a US-Iran ceasefire violation triggered renewed geopolitical fears ahead of the closely watched US non-farm payrolls report. Oil prices rebounded sharply above key levels, while equities pulled back from record highs as traders reassessed stagflation risks and central bank policy expectations. Asian markets weakened amid rising energy concerns, with the Nikkei 225 at risk of a short-term corrective decline from overbought conditions.

08-05-2026 04:23 GMT by Kelvin Wong

Is the party over already? – North American Session Market Wrap for May 7

May 7, 2026 North-American Session Recap – The market is turning fast after the huge change in sentiment that came with the a euphoria maximum. Check up the latest trends and developments, daily asset and FX performance, what changed fundamentally and what's coming up in the session ahead.

07-05-2026 20:39 GMT by Elior Manier

Have Stock Markets met their top? – Pre-NFP Dow Jones, Nasdaq and S&P 500 Levels

S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: US stock benchmarks hit a wall as the early-session surge toward the S&P 500's 7,400 mark and the Dow's 50,000 threshold ends in a sharp reversal. With Middle East peace euphoria fading and traders shifting focus to "Operation Freedom" and tomorrow's NFP report, explore critical intraday technical levels for the major indexes.

07-05-2026 19:41 GMT by Elior Manier

Crude Oil on path to $90 as the peace trade continues – WTI Technical analysis

WTI Oil Update: Oil prices collapse as WTI plunges 19% toward $90, fueled by reports of an imminent US-Iran peace deal. With "Project Freedom" paused and traders pricing in a potential reopening of the Strait of Hormuz, explore our in-depth technical analysis for Crudew Oil

07-05-2026 14:31 GMT by Elior Manier

Chart alert: Gold (XAU/USD) rally faces roadblock at 20-day and 50-day moving averages

Gold (XAU/USD) surged 3% as easing US–Iran tensions and expectations of a more dovish Federal Reserve weakened the US dollar. However, the rally is facing resistance near the 20-day and 50-day moving averages, while firm US real yields continue to cap upside momentum. Technical indicators suggest bullish momentum is fading, with bearish divergence on RSI and resistance at 4,775 remaining a key hurdle. Traders are now watching whether gold can sustain gains or resume its broader correction.

07-05-2026 05:51 GMT by Kelvin Wong

Asia open: Stock markets rally on US-Iran peace hopes; tech drives S&P 500 to record highs

Global stock markets rallied to record highs as hopes for a US–Iran peace agreement boosted investor risk appetite and pushed oil prices sharply lower. Semiconductor stocks led the advance, with Intel and AMD surging on strong AI-driven momentum and partnership optimism. The weaker US dollar fueled a sharp rebound in gold above $4,700, while the Japanese yen strengthened amid suspected intervention. Asian markets also climbed, supported by easing energy risks and tech-led gains.

07-05-2026 02:23 GMT by Kelvin Wong

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The Peace rally can't be stopped – North American Session Market Wrap for May 6

May 6, 2026 North-American Session Recap – Sentiment continues to be ecstatic as Axios revealed that a US-Iran deal is coming closer. Check up the latest trends and developments, daily asset and FX performance, what changed fundamentally and what's coming up in the session ahead.

06-05-2026 20:29 GMT by Elior Manier

Copper attempts to break its mid-April $6.10 spike – On the way to new ATH? XCU/USD Outlook

Copper (XCU/USD) update: The copper market surges as a tumbling US Dollar removes headwinds and peace hopes take hold. Driven by relentless AI Capex and structural grid upgrades, the orange metal looks to break key resistance levels. Explore our technical analysis of the Copper commodity.

06-05-2026 19:35 GMT by Elior Manier

Stocks explode higher; The peace deal is seemingly near – Dow Jones, Nasdaq and S&P 500 Intraday Outlook

S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: US equities rally broadly as breaking reports signal a possible US-Iran peace deal is near. With crude oil plunging and tech shares extending to all-time highs, investors are in high spirits ahead of Friday's critical NFP report. Explore our Dow, Nasdaq, and S&P 500 intraday technical overview.

06-05-2026 16:27 GMT by Elior Manier

Bitcoin (BTC/USD) Price Outlook: Why a close above $82,133 Is needed to resume the bull run

Bitcoin (BTC/USD) is in a crucial corrective phase after peaking near $82,800. This analysis breaks down the H4, H1, and M30 charts, highlighting why the $82,133 level is essential for bulls to target the $85,000 objective. We examine key support levels

06-05-2026 15:12 GMT by Zain Vawda

Conflicting peace narratives ahead of April labor data – North American Mid-Week Market Update

Mid-Week update for North-American Markets – Sentiment continues to rebound, but Markets are still not entirely convinced with the ongoing back-and-forth peace narratives, hence, key fundamental clearance is awaited. Taking a close look at NA index and currency performance combined with a USD/CAD intraday chart to spot what's next for American Markets.

06-05-2026 14:31 GMT by Elior Manier

Chart alert: China A50 bullish breakout above 6-month resistance

China A50 breaks above a 6-month resistance, reinforcing a bullish outlook as the index outperforms global peers amid geopolitical tensions. Gains of 7% since late February highlight resilience despite the US–Iran conflict. A strengthening yuan, improving tariff conditions, and anticipation around the Trump–Xi meeting are key catalysts. Technical signals confirm upside momentum, with the breakout supported by an ascending channel and bullish RSI, pointing to further gains ahead.

06-05-2026 09:44 GMT by Kelvin Wong

Chart alert: USD/JPY bearish breakdown from “Ascending Wedge”, it smells like another intervention

USD/JPY extends its downside after Japan’s $34.5B intervention triggered a sharp 2.4% drop to a two-month low. A brief rebound now looks like a dead cat bounce within a developing bearish trend. Technical signals reinforce weakness, with a breakdown below the ascending wedge at 157.55 pointing to renewed selling pressure. Markets are increasingly alert to potential follow-up intervention, with 155.55 emerging as the key near-term support level to watch.

06-05-2026 05:04 GMT by Kelvin Wong

Asia open: Equities hit records as geopolitical tensions cool and oil dips

Global markets surged as easing US–Iran tensions and softer oil prices lifted risk appetite, driving the S&P 500 and Nasdaq to record highs. Strong earnings momentum, led by mega-cap tech and the AI infrastructure boom, continues to underpin equities. The Australian dollar rebounded on hawkish RBA guidance, while a cooling geopolitical risk premium capped US dollar gains. Asia-Pacific markets followed Wall Street higher, supported by resilient sentiment.

06-05-2026 04:02 GMT by Kelvin Wong