Weekly review: Dollar in retreat, stocks in rally, gold is rising

The US dollar bounced back from sellers amid doubts about a swift resolution to the Middle East conflict and positive US economic data. ADP reported a 109K increase in private sector employment in April, the best performance since the start of 2025. The stabilisation of the labour market against a backdrop of accelerating inflation allowed the DXY to rebound by 0.5% from the day’s lows, recouping half of its losses since the start of the day on Wednesday. However, this was short-lived.

The US and Iran are working to resume talks by May 15th. Markets react first and ask questions later. Consequently, rumours of a de-escalation of the conflict in the Middle East initially pushed the EURUSD to its highest since February, near 1.1800. However, subsequent doubts caused the pair to retreat.

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The crypto market has retreated, taking its cue from equities

The crypto market capitalisation has fallen by around 2% over the past 24 hours to $2.62 trillion, amid a renewed flight to safety in global markets. The leaders were Internet Computer (+9%), Zcash (+3.6%) and Tron (+1.4%); the laggards were Doge (-4.7%), Toncoin (-3.7%) and Dash (-3.5%). Since hitting lows at the end of March, the cryptocurrency market has been rising at roughly the same pace as the S&P 500, but at about half the speed of its more familiar bellwether – the Nasdaq 100. Since the start of the year, the Nasdaq 100 has gained 13%, while the crypto market has declined 12%.

Bitcoin has returned to levels below $80K, extending its retreat from the 200-day moving average and after touching the overbought zone as part of a pullback from the upper boundary of the uptrend channel. The lower boundary of this channel lies near $77.5K, but a break in this trend would require a fall below the recent lows near $75K.

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⚠️ USA — Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 185K

🕒 Exp: 65K

🎯 Fact.: 115K 📈

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⚠️ USA — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.3%

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⚠️ Canada — Employment Change at 03:00 GMT

✔️ Prev: 14.1K

🕒 Exp: 12.9K

🎯 Fact.: -17.7K 📉

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⚠️ Canada — Unemployment Rate at 03:00 GMT

✔️ Prev: 6.7%

🕒 Exp: 6.7%

🎯 Fact.: 6.9% 📉

🇺🇸 US Pre-Market: Moderately Positive 📈

The US stock market is showing a moderately positive trend in pre-market trading, with gains evident among major tech names and a number of cyclical stocks, while declines remain limited and sporadic.

In the Information Technology sector, NVIDIA (NVDA) is up 1.16%, while Advanced Micro Devices (AMD) is up 2.04%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.68%, while Bank of America (BAC) is up 0.28%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.48%, while Amazon (AMZN) is up 0.47%.

Overall, the rise among the largest companies by market cap is creating a risk-on environment: demand is shifting toward risk assets, limiting interest in the dollar as a safe haven. In the short term, this is creating neutral-to-soft pressure on the dollar.

▶️ Pro News Weekly: The Dollar Is Falling and Markets Love It

Welcome to Pro News Weekly!

💵 The U.S. dollar weakens as hopes for a de-escalation in the Middle East reduce safe-haven demand, even as resilient labor market data and inflation concerns keep Fed policy expectations in focus.

📊 Stock indices continue climbing to fresh record highs, driven by strong corporate earnings, AI-fueled optimism and expectations that fiscal stimulus and tax cuts will support economic growth into 2026.

🪙 Gold rebounds sharply amid easing inflation fears and falling oil prices, while traders watch whether central banks will resume aggressive buying as geopolitical tensions cool.

₿ Bitcoin struggles to keep pace with stocks and gold despite holding above key levels, as investors debate whether crypto still behaves like a high-risk asset or an emerging safe haven during global uncertainty.

Will easing geopolitical tensions and stronger earnings continue fueling the rally in risk assets, or could inflation, trade tensions, and shifting Fed expectations trigger the next major market reversal?

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#FxPro #tradelikeapro #Pronewsweekly #Dollar #Stocks #Gold #Bitcoin

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CHFJPY Wave Analysis – 8 May 2026

- CHFJPY reversed from support zone

- Likely to rise to resistance level 204.00

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Filecoin Wave Analysis – 8 May 2026

- Filecoin broke resistance zone

- Likely to rise to resistance level 1.435

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Uniswap Wave Analysis – 8 May 2026

- Uniswap broke resistance zone

- Likely to rise to resistance level 4.13

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Tesla Wave Analysis – 8 May 2026

- Tesla broke resistance zone

- Likely to rise to resistance level 436.00

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🗓 Economic Calendar at 2026/05/09 (GMT)

02:42 🇨🇳 Trade Balance — Exp: 83.1B | 575B Actual: 84.8B | 586B


[Updated in real time]

Geopolitics has determined the Forex leaders

The Australian dollar and the Norwegian krone are leading the pack.

The labour market could give the US dollar a boost.

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🗓 Economic Calendar at 2026/05/11 (GMT)

01:30 🇨🇳 ⚡️ Consumer Price Index — Exp: 0.9% Actual: 1.2%

01:30 🇨🇳 Producer Price Index — Exp: 1.7% Actual: 2.8%

14:00 🇺🇸 Existing Home Sales — Exp: 4.05M Actual: 4.02M | 0.2%


[Updated in real time]

⚠️ China — Consumer Price Index at 03:00 GMT

✔️ Prev: 1.0%

🕒 Exp: 0.9%

🎯 Fact.: 1.2% 📈

▶️ Oil. Bearish trend

Today is Monday, the 11th of May.

Let's take a look at what's happening and what we can expect this summer.

So the main thing I wanted to draw your attention to is this triangle, which is part of this downward correction...

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The labour market failed to boost the dollar

Strong US employment figures were not enough to prevent the dollar from falling.

Geopolitics and risk appetite remain the key drivers.

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🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with major technology and consumer companies trading lower, fuelling risk-off sentiment.

In the Information Technology sector, NVIDIA (NVDA) is down 0.70%, Broadcom (AVGO) is down 1.27%, while Microsoft (MSFT) is down 0.95%.

In the Communication Services sector, Alphabet (GOOGL) is down 1.16%.

In the Energy sector, Exxon Mobil (XOM) is up 1.07%, while Chevron (CVX) is up 1.03%.

Overall, despite some gains in the energy sector and select cyclical stocks, the predominance of declines among large-cap names signals demand for safe-haven assets and is supporting the dollar through inflows into Treasuries and money markets, limiting interest in riskier currencies.

EURJPY Wave Analysis – 11 May 2026

- EURJPY reversed from support zone

- Likely to rise to resistance levels 186.00 and 188.00

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Silver Wave Analysis – 11 May 2026

- Silver broke daily Triangle

- Likely to rise to resistance level 75.30

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🗓 Economic Calendar at 2026/05/12 (GMT)

09:00 🇩🇪 ZEW Economic Sentiment — Exp: -19.1 Actual: -10.2

09:00 🇩🇪 ZEW Survey (Current Situation) — Exp: -77.5 Actual: -77.8

09:00 🇪🇺 ZEW Economic Sentiment — Exp: -21.6 Actual: -9.1

09:30 🇦🇺 Annual Budget Release

12:30 🇺🇸 ⚡️ Consumer Price Index — Exp: 0.6% | 3.7% Actual: 0.6% | 3.8%

12:30 🇺🇸 ⚡️ Core CPI — Exp: 0.3% | 2.7% Actual: 0.4% | 2.8%


[Updated in real time]