Market news
Crypto, stocks, forex and macro, aggregated for traders.
Trump Threatens Higher Tariffs on Canada Over Forest Fire Pollution
President Trump has threatened to increase tariffs on Canada, accusing the country of 'willful negligence' that contributes to forest fires polluting U.S. air.
Shanghai-LA Container Rate Hits $6,482, Highest Since 2024
The spot rate for a 40-foot container from Shanghai to Los Angeles rose to $6,482 last week, marking the 10th consecutive weekly increase and nearly tripling since the Iran War began. Importers are rushing goods ahead of tariff deadlines, driving record June volumes at the Port of Los Angeles.
Wall Street Ends Lower; NASDAQ Slips 1.28%, S&P 500 Drops 0.95%
US stock indices closed lower in the latest session, with the NASDAQ falling 1.28%, the S&P 500 down 0.95%, and the Dow Jones Industrial Average dropping 0.68%.
US Enforces Naval Blockade Against Iran, Diverts Four Ships
The United States is strictly enforcing a naval blockade against Iran. In the first three days, U.S. forces have redirected four commercial vessels, disabled one, and boarded another to ensure compliance.
First in Malaysia to Offer China Markets
Phillip Capital Sdn Bhd announced it is the first broker in Malaysia to offer access to China's major commodity exchanges, available exclusively on the TT Platform.
Trump Hails June CPI Drop as 'Great News' for Economy
President Donald Trump celebrated June's inflation numbers on Truth Social, claiming that the Consumer Price Index fell by the most in a single month in over six years and that real wages rose 0.8%.
Trump Endorses Darline Graham Nordone for South Carolina Senate Seat
President Donald Trump welcomed Darline Graham Nordone, sister of the late Senator Lindsey Graham, to the Oval Office and urged her to run for the U.S. Senate in the 2026 special Republican primary, offering his complete endorsement.
Trump Blames Canada for Forest Fires, Threatens Higher Tariffs
President Trump accused Canada of willful negligence in forest management, causing air pollution in the US, and warned that the cost would be added to existing tariffs.
Chevron Signs Agreements with Iraq for Oilfield Negotiations and Pipeline Project
Chevron has signed agreements with Iraq's Basra Oil Company and Thi Qar Oil Company to advance commercial negotiations for the West Qurna 2 and Nassiriya oilfields, along with a heads of agreement for a potential cross-border oil pipeline project involving Iraq and Syria.
US New Home Sales Expected to Rise 2.9% in June
Economists forecast a 2.9% month-over-month increase in US new home sales for June, to a 597K annualized pace, following declines in April and May.
US Oil Surges Over 20% in 15 Days as Iran War Resumes, Brent Nears $90
US oil prices have jumped more than 20% in the past 15 days as renewed hostilities with Iran drive crude higher, with Brent approaching the $90 per barrel threshold.
US Sends Refueling Planes to Israel Ahead of Potential Iran Offensive
The Trump administration has reportedly sent dozens of refueling aircraft to Israel as preparations for a massive offensive against Iran advance, pushing Brent oil toward $88 per barrel.
WTI Oil Rallies Above $81 Amid Middle East Tensions
West Texas Intermediate (WTI) crude oil surpassed $81 per barrel, gaining 2.76% on the day, as escalating geopolitical tensions in the Middle East threaten global oil supplies. The commodity is on track for a weekly gain of over 13%.
US Margin Debt Hits Record $1.5 Trillion in June, Third Monthly Increase
US margin debt rose $86.5 billion to a record $1.5 trillion in June, marking the third consecutive monthly increase. Broader investor leverage reached ~1.4% of S&P 500 market cap, near all-time highs.
Japanese Retail Traders Boost Net Dollar Shorts to Record $17.2B
Japanese retail investors increased net short positions against the US dollar to $17.2 billion, a record high since 2008, quadrupling month-over-month amid expectations of continued yen-supportive intervention by authorities.
Gold Faces Bearish Pressure as Middle East Tensions Counter USD Weakness
Gold prices are struggling to gain despite a weaker US dollar, as escalating Middle East tensions create bearish pressure on the precious metal.
Commerzbank Warns of Rising Oil Risk as Iran Threatens Bab al-Mandab Strait
Commerzbank's commodity team highlights renewed geopolitical risks for oil after Iran again threatens to block the Bab al-Mandab strait, a key transit route for Saudi exports.
Fed’s Hammack: Persistent Inflation Remains Key Concern
Cleveland Fed President Beth Hammack stated that persistently high inflation is a bigger worry, noting broad-based price pressures and consumer distress.
CENTCOM: Tower strike degrades IRGC attack coordination, protects navigation
US Central Command says destroying a tower reduces Iran's IRGC ability to coordinate attacks on civilians and protects freedom of navigation, except for ships violating the US naval blockade against Iran.
US Forces Destroy IRGC Surveillance Tower at Iran Port
US Central Command announced that on July 16, US forces destroyed the Chah Bahar Shahid Kalantari Port surveillance tower, part of an IRGC maritime network along Iran's Gulf of Oman coast used to track commercial vessels in the Strait of Hormuz.
Oil prices rise over 1.5% after consolidation
Brent crude oil prices advanced over 1.5% during European trading on Friday, regaining upward momentum after a period of quiet consolidation.
Trump Staffer Accused of Insider Betting on Kalshi
ABC News reports that Donald Trump's teleprompter operator may have used nonpublic information about presidential speeches to place bets on Kalshi, profiting over $100,000. The platform alerted the CFTC, and the White House placed the employee on unpaid leave.
US stocks open sharply lower, Dow drops 1% to 51,999.56
US stocks opened sharply lower, with the Dow Jones Industrial Average falling 553.41 points (1.05%) to 51,999.56. The Nasdaq dropped 466.90 points (1.80%) to 25,415.05, and the S&P 500 declined 90.59 points (1.20%) to 7,443.18.
Oil's Bull Flag Hides Record Fuel Squeeze as WTI Nears $80
WTI crude oil is trading near $80 after renewed US-Iran attacks and a slowdown in Strait of Hormuz traffic. The chart shows a bull flag, but analysts warn of a hidden record fuel squeeze.