Market news
Crypto, stocks, forex and macro, aggregated for traders.
Rising Bond Yields Hit Semiconductor Stocks and AI Valuations
Stocks fell again as investors weighed the implications of higher bond yields for risk assets, with semiconductor shares and AI-related valuations under the most pressure.
Silver Steadies Near $63 as Inflation Risks Limit Rebound
Silver (XAG/USD) is trading near $63.45, up 0.16% on Wednesday, after falling to an intraday low of $62.19.
Sterling Resilient on Carry Appeal as BoE Stays on Hold, ING Says
ING's Chris Turner says sterling remains supported by carry appeal after July UK CPI had limited impact on EUR/GBP.
UK CPI Headline Surprises, Underlying Trend Still Softening
UK inflation data delivered a headline shock in European trading, even as the underlying trend continued to ease. Fed minutes were also on the calendar.
OpenAI Revenue Growth Lags as Anthropic Moves into Profit
OpenAI's quarterly revenue rose 18% to $6.7 billion, but Anthropic's revenue more than doubled to $11.6 billion and it reached a small operating profit, according to The Wall Street Journal.
CryptoQuant Flags Early Bitcoin Reversal Signal as Spot Demand Turns Positive
Bitcoin spot demand is poised to flip positive for the first time since February, according to CryptoQuant, a pattern that has historically preceded strong 60-day returns.
Target Q2 2026 earnings beat estimates, FY EPS guidance raised
Target reported Q2 2026 comparable sales growth of 3.8% and net sales of $26.54B, both above estimates. The company sees full-year adjusted EPS of $9.90 to $10.90.
Australian Dollar Ticks Up From Intraweek Lows With Fed Minutes in Focus
The Australian dollar recovered against the US dollar on Friday, moving away from this week's lows while traders await Federal Reserve meeting minutes.
Target Q2 earnings crush estimates with $1.88B net income
Target reported second-quarter net income of $1.877 billion, well above the $1.061 billion IBES estimate, with sales and EPS also beating expectations.
Gold seen supported as Fed Chair stance lowers 2026 hike odds
The new Fed Chair may lean on markets to do some tightening, cutting the chance of a 2026 rate hike and supporting gold.
Micro WTI Crude Oil Futures Navigate Between Arc Levels
Arc Cycle Analysis on the 30-minute chart shows Micro WTI Crude Oil futures trading between the 0.786 Arc and the 1 (100%) Arc.
Estee Lauder Plans 10,000 Job Cuts, Sees $1.2B Gross Benefits
Estee Lauder expects a net reduction of 10,000 positions and gross benefits of $1.2 billion from its profit recovery and growth plan, with cumulative charges slightly above the high end of its $1.5 billion to $1.7 billion range.
Australian Dollar Slips as Wage Data Backs RBA Hold
The Australian dollar is underperforming as softer wage growth reinforces expectations that the RBA will stay on hold, according to BBH.
Turkish Energy Ministry in Damascus for Electricity, Power Lines, Minerals Talks
Turkish Ministry of Energy officials have arrived in Damascus to discuss energy-sector issues including electricity, power lines, and minerals.
Amazon Bought Rare Books, Scanned Them and Destroyed Originals: 404 Media
Amazon purchased printed books, including rare editions, removed their bindings, scanned the pages and destroyed the originals, according to 404 Media.
USD/JPY Range-Bound Around 159.53 as Yen Gives Back Some Intervention Gains
USD/JPY is consolidating near 159.53 after the yen traded sideways for more than a week and gave back roughly half of its joint intervention-driven gains.
Brazil Real Seen Facing Election Risks Before Renewed Gains
Commerzbank analysts see near-term election risks for Brazil's real, followed by renewed gains as hawkish central bank policy and high real rates support the currency.
Euro Extends Gains Against Pound as Eurozone Inflation Accelerates
The euro is strengthening against the British pound, supported by Eurozone final inflation data that confirmed higher price pressures.
Silver falls to $63.10 per troy ounce, down 0.38%
Silver prices declined on Wednesday, with XAG/USD trading at $63.10 per troy ounce, down 0.38% from $63.35, according to FXStreet data.
Deutsche Bank flags building upside risks for UK inflation
Deutsche Bank's UK economist says July CPI data broadly matched expectations while inflation risks are tilted to the upside.
BoJ Hawkish Pivot Reshapes Yen Outlook Against Dollar
Standard Chartered strategists now expect the Bank of Japan to deliver its next 25 basis point rate hike in September rather than October, and see the terminal rate reaching 1.75%.
SEC Proposes Easing Token Offering Rules for US Crypto Firms
The US Securities and Exchange Commission has floated a plan that would let crypto companies raise token-based funding under simplified rules, including a safe harbor for certain assets.
China's First Floating Solar Plant Over Mine Water Runs in Ningxia
A 23 MW floating solar facility in Lingwu has been grid-connected since 2022 and generates about 32.39 million kWh per year.
NATO Drafts Three-Part Plan Against Possible Russian Attack on Baltics: Bild
Bild reports NATO has prepared a three-part battle plan for a potential Russian attack on the Baltic states, including strikes on military and logistics targets inside Russia.