Market news
Crypto, stocks, forex and macro, aggregated for traders.
Logan: U.S. Oil Export Growth Driven by Inventory Drawdowns, Not New Production
An analyst notes that recent U.S. oil export increases have come from inventory drawdowns rather than higher output, implying supply expansion remains constrained even with elevated crude prices.
Fed’s Logan: Data Center Demand Adds Modest Inflation, Oil Output Limited by Infrastructure
Dallas Fed President Lorie Logan stated that rising electricity demand from data centers is likely to add modest inflationary pressures. She also noted that high oil prices may not significantly boost U.S. production due to infrastructure constraints like limited gas takeaway capacity.
Schmid: Inflation Persists Broadly, Disagrees with Fed’s ‘Look-Through’ Approach
Fed Governor Christopher Schmid said inflation remains concerning across a wide range of goods and services, and he disagrees with the central bank’s practice of looking through some price increases as temporary shocks.
Foreign Holdings of US Treasuries Rise $18B in May to Near Record
Total foreign holdings of US Treasuries increased by $18 billion in May to $9.37 trillion, the second-highest on record. Over the past year, holdings surged by $549 billion.
EUR/JPY Holds Near One-Month High, Edges Lower Despite ECB Rate Hike Expectations
The euro traded slightly lower against the yen on Thursday, hovering around 185.80 after hitting a one-month high earlier, despite expectations of further ECB rate hikes.
Glassnode: Bitcoin Holders Stop Mass Realizing Losses
On-chain data from Glassnode shows that Bitcoin holders have largely ceased realizing losses, a shift that may indicate reduced selling pressure and a potential market bottom.
Cybersecurity Market Expected to Exceed $350B by 2030 on AI-Driven Attacks
Generative AI has lowered the barrier to sophisticated cyberattacks, pushing the global cybersecurity market toward $350 billion by 2030 with a 9.1% CAGR. Healthcare, finance, and insurance sectors see fastest spending growth amid rising ransomware.
Gold sellers push XAU/USD to fresh weekly low near $4,000
The US Dollar strengthened on Thursday, reversing a two-day decline, amid persistent Middle East tensions. This pushed XAU/USD to a fresh weekly low below the $4,000 mark.
Dow Jones Rises 0.3% While S&P 500, Nasdaq Decline
The Dow Jones Industrial Average gained 160 points (0.3%) on Thursday, while the S&P 500 slipped 0.2% and the Nasdaq Composite declined, highlighting a divergence among major indices.
US 30-Year Fixed Mortgage Rate Rises to 6.55%, Highest Since August 2025
The average interest rate on a US 30-year fixed mortgage climbed to 6.55%, the highest level since August 2025, driven by ongoing geopolitical tensions linked to the Iran conflict.
US Senate Votes Against Pardon for Sam Bankman-Fried
The U.S. Senate unanimously passed a resolution opposing any pardon or sentence reduction for former FTX CEO Sam Bankman-Fried, who is currently serving a 25-year prison term for fraud.
Investors Flee Chip Rout, Seek Shelter in FTSE 100
FTSE 100 stocks with little direct AI exposure are outperforming as investors exit the chip sector, according to analyst Chris Beauchamp.
Gold and Oil Slide on Hawkish Fed and Iran Deal Hopes
Gold and oil prices have declined in recent days, with gold pressured by the Fed's hawkish stance and oil falling on renewed hopes for a US-Iran peace deal. The post questions the logic of current investor behavior.
Markets Await Trigger as Traders Eye Pattern Repeats
A market observer notes that price patterns tend to repeat due to consistent investor psychology. The current stance is described as waiting for a trigger before a potential move.
NZD/USD Holds Near One-Month High as RBNZ Hawkish Stance Supports Kiwi
NZD/USD is hovering around 0.5842 after hitting a one-month high, supported by the RBNZ's hawkish policy outlook but capped by a stronger US dollar. Buyers remain in control near the recent peak.
Retail Investors Cash Out Tech Profits, SanDisk Leads with $125M Sales
Retail investors sold $125 million in SanDisk stock last week, the largest single-stock sale, followed by Apple and Tesla. Total retail turnover in single stocks hit a record $370 billion.
Pound Sterling Retreats as Strong US Data Boosts Dollar
The British Pound fell over 0.28% against the US Dollar following strong US economic data, reversing some of Wednesday's gains as risk aversion boosted the safe-haven Greenback.
Houthis Threaten Saudi Oil Exports; WTI Jumps Nearly $2
WTI crude oil surged from 78.37 to 80.29 after Houthi threats to target Saudi oil facilities if Saudi Arabia escalates actions.
Swiss Franc Weakens as Middle East Tensions Support Fed Rate Hike Bets
The Swiss Franc fell against the US Dollar on Thursday as geopolitical tensions persisted and the Greenback rebounded. USD/CHF traded around 0.8080, up 0.35% on the day.
AUD/USD Holds Above 0.7000 as US Dollar Weakens on Mixed Retail Data
The Australian dollar continues its recovery, trading near 0.7010 as the US dollar struggles for momentum after mixed US retail sales figures.
USD/CAD Flat After BoC Holds Rate, Scotiabank Eyes 1.3981
The Canadian dollar is trading flat against the US dollar following the Bank of Canada's decision to leave policy unchanged. Scotiabank strategists note the pair may target the 1.3981 level.
Bitcoin Holders Reduce Loss-Selling, Glassnode Sees Early Signal
Bitcoin holders who bought in 2024–2025 are selling at a loss less frequently, a pattern that historically precedes the end of a sell-off. Glassnode calls it an early signal but not a bottom confirmation, with $69,000 as the next key level.
ECB Rate Hike Risk Returns as Oil and Middle East Tensions Rise – ING
ING's Carsten Brzeski argues the ECB is likely to hold rates next week but a surprise hike cannot be ruled out due to renewed Middle East tensions and rising oil prices, which have restored the pre-June macro backdrop.
Unprofitable Small-Cap Stocks Outperform as Russell 2000 Surges in 2026
Since mid-2025, Russell 2000 companies with negative EPS have returned +154%, far outpacing profitable firms' +34%. Year-to-date, unprofitable firms are up 45% vs. 18% for profitable ones, driving the Russell 2000 to a 20% gain.