Market news
Crypto, stocks, forex and macro, aggregated for traders.
Liquidity Squeeze Intensifies as Equities, Gold, BTC, and Mag7 Decline
A liquidity squeeze continues to pressure global markets, with price declines in equities, gold, Bitcoin, and the Magnificent Seven stocks amplifying the circular liquidity crunch.
WTI Drops Below $70.50 on Middle East Supply Surge
West Texas Intermediate crude oil fell below $70.50 per barrel during Asian trading, reversing prior gains amid news of increased supply from the Middle East.
Gold Bearish Cycle Targets $3400 – Elliott Wave Analysis
Elliott Wave analysis suggests gold's corrective phase could drive prices down to $3040–$3400 after a record high in January 2026.
France Heatwave Triggers Panic Buying of Fans and Air Conditioners
Shoppers in France are scrambling to buy fans and air conditioners amid an intense heatwave, with reports of fights breaking out in some stores. The surge in demand is expected to boost near-term sales of cooling appliances and increase electricity consumption.
US Court Orders DOJ to Release Unredacted Epstein Files or Justify Withholding
A US court has directed the Department of Justice to either release unredacted files related to Jeffrey Epstein or explain why they cannot be disclosed, increasing legal and political scrutiny over the case.
AI Data Centre Boom to Drive Power Prices Higher
Electricity prices are expected to rise about 6% annually as AI-driven data centre expansion boosts power demand, supporting investment in generation and grid infrastructure.
Taiwan Retail Margin Debt Hits Record High, Surpasses Dot-Com Era
Taiwan's retail margin loans have reached a record NT$600 billion, more than doubling in the past year and exceeding levels seen during the 2000 Dot-Com bubble, signaling heightened speculative activity.
WTI Holds Gains Near $71.50 After Cargo Vessel Incident Near Oman
West Texas Intermediate crude oil extended gains for a second session, trading around $71.50 per barrel following reports of a cargo vessel incident near Oman.
US Net Capital Inflows Surge to Record $884 Billion
US net capital inflows hit a record $884 billion in the year through April 2026, nearly tripling since early 2025, driven by surging private and official purchases of US assets.
Tim Plummer Takes Over as CEO of FunderPro and NextTrade
Tim Plummer, CEO of Deus X Markets, has become CEO of prop trading firm FunderPro and offshore CFDs broker NextTrade. Gary Mullen has left FunderPro to launch a marketing startup called StopChurn.
UN IMO pauses Strait of Hormuz evacuation after cargo ship attack
The UN's International Maritime Organization has halted plans to evacuate over 11,000 sailors stranded in the Strait of Hormuz following an attack on a Singapore-flagged cargo ship in the waterway.
OpenAI to Stagger GPT-5.6 Rollout After Trump Admin Request
OpenAI will stagger the release of GPT-5.6 following a request from the Trump administration. The initial rollout will be limited to 20 trusted partners via Amazon Bedrock as the U.S. seeks greater oversight of frontier AI models.
Canada's Carney Calls for Restoring Diplomatic Ties with Iran, Venezuela
Canadian Prime Minister Mark Carney stated that Canada should re-establish diplomatic representation in Iran and Venezuela, emphasizing that having embassies does not endorse their governments' policies.
Gold slides below $4,050 on Fed rate hike bets after US PCE data
Gold prices fell to around $4,020 during early Asian trading as stronger US PCE inflation data reinforced expectations of a Federal Reserve rate hike. Traders are now looking ahead to the Michigan Consumer Sentiment Index for further direction.
US M&A Deal Value Hits Record $1.89 Trillion, Tripling Since 2023
The total value of US M&A deals over the past four quarters reached $1.89 trillion, nearly tripling from Q2 2023 and surpassing previous peaks in 2021 and the dot-com bubble. Stock financing accounted for 49% of deal value, the highest since 2001.
Crude Oil Bounces on Hormuz Scare but Fails to Sustain Gains
WTI crude oil edged higher on Thursday following a geopolitical scare related to the Strait of Hormuz, but the rally lacked conviction and most gains were given back.
Taiwan Stock Trade Defaults Surge 300%, Exceed 2021 Record
Taiwan stock trade defaults hit $62 million in June, the highest monthly tally since 2019, as margin debt surges 160% annually to $19 billion, nearing dot-com bubble peaks.
OpenAI Considers Delaying IPO to 2027 Due to Market Volatility
OpenAI is reportedly leaning toward postponing its initial public offering until 2027, citing choppy markets and concerns over retail investor enthusiasm.
US Tells OpenAI to Limit GPT 5.6 Release While Government Reviews It
The US government has directed OpenAI to limit the release of its GPT 5.6 model while conducting a review, according to The Information. OpenAI CEO Sam Altman stated that this is not the company's preferred long-term model.
JPMorgan Board Wants Dimon to Stay CEO for Several More Years
JPMorgan's board is reportedly keen for Jamie Dimon to remain CEO for several more years, with a likely three-year extension before transitioning to executive chairman.
Wall Street Ends Flat as Tech Slips, Broader Market Gains
The S&P 500 closed unchanged as megacap tech stocks fell while broader equities advanced. Micron surged on a strong outlook, and oil rose on Strait of Hormuz security concerns.
Fed's Goolsbee: Inflation Still the Central Challenge
Chicago Fed President Austan Goolsbee said inflation remains the primary problem for policymakers, warning that price pressures are still moving in the wrong direction.
Bank of Canada Report Flags Cost-of-Living, Housing Concerns as Key Public Issues
A Bank of Canada report highlights widespread public concern over the cost of living and housing, with some participants expressing distrust in official inflation data.
DBS: Bank of Thailand to Keep Policy Rate at 1.00% Through 2026
DBS Group Research economist Chua Han Teng expects the Bank of Thailand to maintain its policy rate at 1.00% through 2026, following a second consecutive hold. The steady stance supports fragile economic growth.