Market news
Crypto, stocks, forex and macro, aggregated for traders.
Dollar Slides to Three-Month Low as Weak Jobs Data Cools Rate Hike Bets
The U.S. dollar fell to its weakest since May after a disappointing jobs report reduced expectations for a near-term Fed rate hike, boosting the yen and weighing on the greenback.
AI Firms Buy and Destroy Millions of Books as China's Face Rental Market Booms
AI companies are purchasing, scanning and then destroying millions of paper books to train models. Meanwhile, a booming market for renting faces in China pays individuals as little as $15 for the rights to use their likeness in AI-generated series and ads.
Gold ETFs Attract $3 Billion in July, Largest Inflow Since April
Global physical gold-backed ETFs saw $3.0 billion in net inflows in July, reversing sharp outflows from the prior two months, as holdings climbed toward record highs.
US Saudi Oil Imports Hit Zero in July for First Time Since 1985
US crude imports from Saudi Arabia fell to zero in July, the first full month without any since 1985, as refiners pivoted to Venezuelan barrels amid Middle East supply disruptions.
Canada and US Near Interim Trade Deal as Ottawa Weighs Tariff Concessions
Canada and the United States are reportedly close to an interim trade agreement that would see Ottawa offer concessions in return for partial relief from U.S. tariffs on steel, aluminum, autos, and other key exports.
Silver Soars Above $63 as Solar Demand Concerns Loom
Silver prices jumped over 10% this week to $63.9, the highest since late June, but Commerzbank’s Carsten Fritsch warns of potential headwinds from the solar industry.
US Stocks Edge Higher at Open, Nasdaq Leads Gains
Major US equity indexes opened in positive territory, with the Nasdaq Composite posting the strongest advance, rising 0.78%.
US Nonfarm Payrolls Drop 23K in July, Far Below 80K Expected
US Nonfarm Payrolls fell by 23,000 in July, a sharp miss against the 80,000 gain expected and a downward revision to June's figure, signaling labor market weakness.
Gold futures surge above $4,400/oz after US jobs shock
Gold futures jumped above $4,400 per ounce, their highest since early June, following data showing the US economy unexpectedly shed 23,000 jobs in July. The metal has rallied more than 10% over the past month.
Yen Surges on Weak US Jobs Data, Intervention Watch Heightened
The Japanese yen strengthened sharply after disappointing U.S. jobs data triggered dollar selling, reviving speculation of official support for the currency.
US Nonfarm Payrolls Unexpectedly Drop by 23K in July
The US economy shed 23,000 jobs in July, sharply missing forecasts for a gain of 80,000. The prior month’s figure was also revised lower.
Gold Jumps Above $4,400 as US Jobs Data Cuts September Rate Hike Odds to 40%
The probability of a Federal Reserve rate hike in September tumbled to 40% after an unexpected surge in US job losses. Gold prices rallied above $4,400 per ounce in reaction.
U.S. Jobs Growth Slows Sharply as July Payrolls Miss Expectations
U.S. employment growth weakened sharply in July, missing expectations and fueling bets on Federal Reserve rate cuts. The unemployment rate edged down to 4.1% while wage growth cooled.
US Nonfarm Payrolls Unexpectedly Drop 23K in July, Missing Forecasts
American employers shed 23,000 jobs in July, far below the forecasted 80,000 gain, signaling a sharp slowdown in the labor market.
US Economy Unexpectedly Sheds 23K Jobs in July, Far Below Forecasts
Nonfarm payrolls fell by 23,000 in July against expectations of an 85,000 gain, while the jobless rate unexpectedly dipped to 4.1%.
WTI Crude Dips Back Below $76 as Hormuz Reopening Talks Eyed
Oil prices are giving back some of this week’s sharp advance as traders weigh potential easing of Strait of Hormuz tensions.
Global Growth Holds Firm Despite Middle East Stalemate
Investors can take comfort as the stalled Middle East ceasefire has not derailed global growth, with PMI data signaling resilient expansion in the US and Asia ex-China, while Europe remains relatively weak.
Saudi Arabia, Turkey, Pakistan Sign Joint Defence Pact in Mecca
Saudi Arabia, Turkey, and Pakistan have inked a mutual defence treaty in Mecca, vowing to treat an attack on any member as an assault on all. The agreement comes as regional instability spurs deeper military coordination among major Muslim nations.
Pakistan says new defence pact includes collective security clause
Pakistan's foreign ministry stated that a trilateral defence agreement aims to enhance regional stability and that an attack on any member will be treated as an attack on all.
Gold Rally Supported by Central Bank Buying, Strong Global Demand
Gold's latest price surge is driven by more than geopolitical tensions, with central banks increasing reserves, ETF demand stabilizing, and robust Chinese consumption. Persistent fiscal deficits and global debt concerns are reinforcing the precious metal's fundamentals.
U.S. Reviews China’s Offshore Access to NVIDIA AI Chips After Breakthroughs
U.S. officials are investigating how China may be sourcing NVIDIA’s advanced AI chips through offshore channels following recent Chinese AI progress, signaling tighter export controls.
Trump Says Chinese President Xi to Visit U.S. Within Weeks
President Trump announced that Chinese President Xi Jinping may visit the U.S. soon, potentially reopening high-stakes talks on trade, tariffs, and technology.
FundingPips Signals the Next Evolution of Prop Trading
FundingPips has introduced expanded PRIME monthly rewards of up to $20,000, new Flex evaluations and a higher $400,000 maximum allocation as part of its July update round.
SK Hynix Plans ₩54.3 Trillion Chip Fabrication Investment Through 2031
SK Hynix will invest more than 54 trillion won in two major South Korean chip fabrication projects by 2031, aiming to capture surging AI memory demand and solidify the country’s semiconductor leadership.