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FxPro pinned Β«πŸ—“ Economic Calendar at 2026/06/27 (GMT) 12:30 πŸ‡ΊπŸ‡Έ Goods Trade Balance β€” Exp: -85.0B Actual: -105.8B 14:00 πŸ‡ΊπŸ‡Έ UoM Consumer Sentiment β€” Exp: 48.9 Actual: 49.5 [Updated in real time]Β»
The crypto market has tested the $2T mark

The crypto market capitalisation fell from $2.12T to $2.02T before rebounding to $2.06T, where it had stabilised at the time of writing as active trading began in Europe. Selling pressure intensified after a fresh downward surge in stock indices. This morning, cryptocurrencies again appeared stable or rebounding, but these sentiments will only be tested once active US trading begins. Over the past 24 hours, the top performers among the most liquid coins were AAVE (+5.6%), Solana (+0.7%) and Theta Network (+0.1%). Lagging behind were Algorand (-6.7%), Polkadot (-6.2%) and NEAR Protocol (-6.1%).

Bitcoin approached $58K at its lows late Thursday and early Friday, but in both cases, aggressive buying quickly pushed it back into the $60K range. This pattern resembles margin position liquidations during downtrend spikes, followed by strong buying on pending orders during the recovery. Given deteriorating sentiment among institutional investors and their ability to quickly divest from cryptocurrencies to stabilise their balance sheets, it is worth preparing for continued pressure and periodic sell-off spikes by leveraged traders.

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The dollar: Has it peaked?

The USD index is retreating as the likelihood of a Fed rate hike diminishes.

Gold has lost the β€˜debasement trade’ as a key driver and is facing capital outflows from ETFs.

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$4,000: Just a pause, not the end of Gold’s decline

Gold is rebounding at the end of the week after a correction in the odds of two key Fed rate hikes this year. Nevertheless, the price is falling for the fourth consecutive week. Since the second half of the week, bears have been relentlessly trying to push the price below the psychologically significant $4,000 mark but eased their grip on Friday afternoon. At the same time, the long-term moving averages favour sellers, as a β€˜death cross’ is looming (when the 50-day moving average falls below the 200-day moving average), reinforced by the fact that the price is trading below this cross.

On the weekly charts, attempts to push the price back above the 50-week moving average have failed. However, this is also the price support zone from the end of last year, so we can expect a fairly fierce battle around the current level.

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▢️ FxPro: What’s Moving Markets Next Week

Stay informed with FxPro’s weekly update and stay ahead of what’s shaping the markets.

Markets are heading into another important week of economic data, with inflation, manufacturing activity and the US labour market all set to shape expectations for interest rates and global growth. 🌍

Wednesday begins with the latest Eurozone Flash CPI report. Inflation is expected to remain elevated at 3.2%, raising fresh questions over whether the European Central Bank's recent rate hike will be enough to bring price pressures under control. πŸ‡ͺπŸ‡Ί

Attention then shifts to the US with the ISM Manufacturing PMI. The previous reading came in at 54.0, but ongoing tensions between the US and Iran continue to push up manufacturing costs and could weigh on business activity. 🏭

Thursday brings the closely watched US Non-Farm Payrolls report, released a day earlier than usual ahead of the 4 July public holiday. The previous report showed 172,000 new jobs added, while unemployment stood at 4.3%, making this a key release for expectations around future Federal Reserve policy. πŸ“Š

With inflation, manufacturing and employment all under the spotlight, currencies, indices and commodities could see increased volatility throughout the week. πŸ‘€

πŸ”” Like, share, and subscribe for more weekly updates from FxPro!

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#FxPro #WeeklyNews #MarketUpdate #shorts

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FxPro pinned Β«πŸ—“ Economic Calendar at 2026/06/29 (GMT) 12:15 πŸ‡¦πŸ‡Ί RBA Governor Michele Bullock Speaks [Updated in real time]Β»
πŸ—“ Economic Calendar at 2026/06/30 (GMT)

17:30 πŸ‡ͺπŸ‡Ί ECB President Christine Lagarde Speaks

01:30 πŸ‡¨πŸ‡³ Manufacturing PMI β€” Exp: 50.1 Actual: 50.3

01:30 πŸ‡¨πŸ‡³ Non-Manufacturing PMI β€” Exp: 49.9 Actual: 50.2

01:30 πŸ‡¦πŸ‡Ί Monetary Policy Meeting Minutes

06:00 πŸ‡¬πŸ‡§ Gross Domestic Product β€” Exp: 0.6% | 1.1%

07:55 πŸ‡©πŸ‡ͺ Unemployment Change β€” Exp: 8K

07:55 πŸ‡©πŸ‡ͺ Unemployment Rate β€” Exp: 6.4%


[Updated in real time]
FxPro pinned Β«πŸ—“ Economic Calendar at 2026/06/30 (GMT) 17:30 πŸ‡ͺπŸ‡Ί ECB President Christine Lagarde Speaks 01:30 πŸ‡¨πŸ‡³ Manufacturing PMI β€” Exp: 50.1 Actual: 50.3 01:30 πŸ‡¨πŸ‡³ Non-Manufacturing PMI β€” Exp: 49.9 Actual: 50.2 01:30 πŸ‡¦πŸ‡Ί Monetary Policy Meeting Minutes 06:00…»
▢️ USD Summer prospects

Today is Monday, the 29th of June.

Let's talk about the US dollar index, the outlook for the US dollar this summer.

What we can expect, and most importantly, trading strategies for the major dollar denominated currency pairs.

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