Top News and Analysis

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

Breakout time for Cryptos? Bitcoin at $80K; BTC and Ethereum (ETH) Technical Outlook

Crypto update: Bitcoin surges past the $80,000 mark as tech-driven capital flows and institutional accumulation propel the digital asset space higher. With crypto increasingly acting as a high-beta haven amid energy shocks, explore an in-depth technical analysis of BTC and ETH.

05-05-2026 20:13 GMT by Elior Manier

GBP/USD Potential Trade Setups: Two opportunities on the bullish retest and breakout play

GBP/USD Technical Analysis: The British Pound shows significant resilience, breaking key structural resistance and reclaiming the 1.35000 support. The H4 chart suggests a bullish trend reversal. This article details the cautiously optimistic technical outlook and provides potential trade entries, stop losses, and targets, including the Bullish Retest and Breakout Play configurations.

05-05-2026 18:54 GMT by Zain Vawda

Tech bulls were looking for a dip to buy – Dow Jones, Nasdaq and S&P 500 Intraday Outlook

S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: The Nasdaq and broader tech sector lead a strong market bounce, capitalizing on a geopolitical buffer ahead of the high-stakes US-China summit. Explore an intraday technical analysis of the Dow, S&P 500, and Nasdaq as risk appetite and crypto momentum return.

05-05-2026 16:49 GMT by Elior Manier

FX confusion as the US Dollar forms a double bottom – Can the Ceasefire stand? DXY Outlook

US Dollar (DXY) update: The US Dollar forms a double-bottom pattern as geopolitical risks and a surging WTI Crude ($105+) reignite the petrodollar trade. Following Fed President Williams' comments on elevated energy-driven inflation, FX markets are at a pivotal turning point. Explore an in-depth DXY technical analysis.

05-05-2026 13:20 GMT by Elior Manier

Advanced Micro Devices (AMD) Technical: Steep run-up ahead of earnings, at risk of mean reversion decline below 380.20

AMD surges ahead of earnings on AI-driven optimism, but risks a “sell-the-news” pullback as expectations peak. Despite strong projected revenue and EPS growth, investor focus is on forward guidance, especially AI demand and hyperscaler adoption. Technical indicators signal overbought conditions and bearish divergence, raising the risk of a mean reversion decline below 380.20, with key support levels at 310 and 287 in focus.

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

Chart alert: AUD/USD dipped towards 0.7130 key minor support ahead of RBA decision

AUD/USD hovers near 0.7130 ahead of the RBA rate decision, with markets fully pricing a third consecutive 25 bps hike to 4.35%. The pair remains in a bullish structure above key support, with potential upside toward 0.7200 and beyond if the RBA maintains a hawkish tone. However, downside risks remain if policymakers signal demand destruction from high oil prices, which could push AUD/USD below 0.7055.

05-05-2026 03:26 GMT by Kelvin Wong

Asia open: Markets brace for RBA decision and US Services PMI looms

Markets open in Asia with focus on the RBA rate decision and US ISM Services PMI as policy divergence and geopolitical risks drive volatility. Strong US data reinforces a higher-for-longer Fed stance, while rising oil prices amid US–Iran tensions keep inflation concerns elevated. Equities remain cautious, the US dollar holds firm, and commodities stay supported, with WTI crude maintaining a bullish structure above key support levels.

05-05-2026 01:33 GMT by Kelvin Wong