Market news
Crypto, stocks, forex and macro, aggregated for traders.
Dow Jones Futures Flat Ahead of US Retail Sales and Jobless Claims
Dow Jones futures edged slightly lower by 0.02% during European trading on Thursday, with S&P 500 and Nasdaq 100 futures also declining as traders awaited US retail sales and jobless claims data.
Kevin Warsh's First Fed Meeting Surprises Markets, USD Could Rally
Falling U.S. prices are seen as positive, but the dollar may strengthen further after Fed Chair Kevin Warsh's unexpected initial moves.
EUR/USD Tests Range Top at 1.1485 as Momentum Strengthens
The Euro edged higher against the Dollar on Thursday as softer US inflation data fueled a repricing of Fed rate hike expectations, pushing the pair toward the key resistance level of 1.1485.
GBP/USD Resumes Rally Toward Key Resistance at 1.3560 – UOB
United Overseas Bank analysts note GBP/USD has surged to a two-month high, with deeply overbought conditions but scope for further gains. Intraday upside seen limited to a test of 1.3560 while holding above support.
SNB Minutes Show Increased Intervention Readiness, Steady Inflation View
The Swiss National Bank's latest minutes reveal a greater willingness to intervene if needed, while inflation pressures remain virtually unchanged and monetary conditions are deemed appropriate.
GBP/JPY Consolidates Near Multi-Year High, Bullish Momentum Remains
The GBP/JPY cross enters a bullish consolidation phase after a strong rally, oscillating near the mid-219.00s during early European trading, with the multi-year top still within reach.
Iran Warns War Could Spread to New Arenas
An Iranian army spokesperson said the US continues to attack several areas, warning the war will expand into new arenas. Tehran has no confrontation with neighboring countries.
AMLA Head Warns of Risks After MiCA Transition Period Ends
AMLA Chief Bruna Szego warns that mass client migration could overload the EU crypto market post-MiCA. Both departing and newly licensed VASPs face increased AML screening burdens.
NZD/USD Extends Gains to 0.5850 on Weaker USD
The New Zealand Dollar continues its recovery against the US Dollar, trading near 0.5850 for a third consecutive day as the Greenback softens amid reduced expectations of a Federal Reserve rate hike.
India's $13.3bn Semiconductor Mission May Have Limited Near-Term Impact: Commerzbank
Commerzbank economists note India's new Semiconductor Mission 2.0 worth $13.3bn aims to build a full-stack ecosystem but judge near-term growth impact as limited, with implications for INR funding dynamics.
ING: Oil Prices Extend Gains on US-Iran Tensions, Tight Physical Market
ING analysts note that oil prices have risen further as US-Iran tensions escalate and tanker flows through the Strait of Hormuz face pressure. Large Q2 inventory drawdowns and the end of global SPR releases leave the market tighter.
UK GDP ekes out 0.1% growth in May
Monthly UK GDP rose 0.1% in May after a 0.1% decline in April, according to ONS data released today. The reading follows an unrevised 0.3% gain in March.
Silver Price Tumbles as Inflation Expectations De-Anchor
Silver (XAG/USD) fell 1.33% to near $58.00 during European trading on Thursday, pressured by elevated energy prices following renewed US-Iran tensions that have de-anchored inflation expectations.
UOB: EUR/USD bullish above key support, targeting 1.1490
United Overseas Bank analysts note that EUR/USD has broken above prior resistance and rapid gains reached 1.1482, with intraday potential to test 1.1490 while staying below significant resistance.
Big Banks Kick Off Q2 Earnings Season with Robust Growth
Early Q2 earnings reports from major banks show strong earnings and revenue growth, with a higher percentage of companies beating expectations compared to recent quarters.
GBP Flat After UK GDP Rises 0.1% in Line with Forecasts
The British Pound holds steady against major peers following the release of UK monthly GDP data, which rose 0.1% as expected.
DeFi Platform SummerFi to Shut Down After $6M Hack
DeFi platform SummerFi is ceasing operations and will disable its user interface after seven years, citing a recent hack that resulted in a loss of approximately $6 million. No shutdown timeline or details on user funds have been announced.
US Airstrikes on Iran Impact Gasoline Prices in CEE Region
The US launched new airstrikes against Iran, and President Trump vowed to intensify attacks until Tehran stops disrupting shipping in the Strait of Hormuz. Meanwhile, gasoline prices are shifting across Central and Eastern Europe.
Indian Rupee Declines to 96.32 Against USD as Oil Prices Weigh
The Indian Rupee opened lower against the US Dollar on Thursday, extending its losing streak for a third consecutive day as elevated crude oil prices stoked concerns over higher import costs.
Asian Stocks Dip on Tech Sell-Off, US-Iran Tensions
Asian stocks faced downward pressure Thursday as renewed sell-off in semiconductor shares dragged the tech sector, amid rising US-Iran tensions.
WTI dips under $79 but bullish view holds on Iran tensions
West Texas Intermediate crude edged lower in Asian trading on Thursday, staying near a one-month high, as US-Iran tensions continue to support a bullish bias.
Gold Builds Floor Amid China Memory Crisis and Korea Leverage Unwind
Gold is finding support as China's memory chip sector collapses and Korea's leveraged trade positions unwind, following months of pressure from tightening monetary policy.
BoJ Survey: 90.4% of Japanese Households Expect Price Rise in Year
The Bank of Japan's quarterly survey shows that 90.4% of households anticipate prices will be higher one year from now, up from 83.7% in the previous survey.
EUR/USD Seen Dipping Back Towards 1.1400 as Dollar Bounces
The US Dollar Index recovered after a softer PPI reading, potentially rising towards 101 or higher, while EUR/USD may dip back to 1.1400. EURINR could fall further if it breaks below 111.