Market news
Crypto, stocks, forex and macro, aggregated for traders.
UOB: USD/CNH Bias Turns Downward After Sharp Drop
United Overseas Bank analysts highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached.
Japan Overseas Bond Buying Jumps to ¥1.09 Trillion; Foreign Investors Return to Japan Stocks
In the week of July 10, Japanese investors purchased ¥1.09 trillion in overseas bonds, reversing the prior week's sales. Foreign investors also turned net buyers of Japanese stocks and bonds.
Singapore Dollar: Range Trading Persists, Strong Performance vs USD – Commerzbank
USD/SGD fell 0.3% to 1.2910 on dollar weakness, consolidating in a 1.29–1.30 range. Singapore's strong growth and benign inflation support the SGD, making it the third-strongest Asian currency.
BHP Maintains Cost Guidance, Invests in Growth Projects Amid Strong Copper Prices
BHP maintained its cost guidance despite higher diesel prices, inflation, and supply chain pressures, while continuing to invest in major growth projects including the Jansen potash mine and South American copper expansions. The company noted that stronger copper prices, up about 35% year-on-year, support its strategic shift toward future-facing commodities.
BHP Q4 Iron Ore Output Falls 3% YoY, Copper Down 5%; Full-Year Record
BHP reported a 3% decline in Q4 iron ore output to 68.1M tons and a 5% drop in copper production to 491,900 tons due to lower ore grades in South America. However, full-year iron ore output reached a record 264.7M tons, up 1% YoY, and copper production neared 2M tons.
US Launches New Wave of Strikes Against Iran to Keep Strait of Hormuz Open
The US Central Command announced a new round of military strikes against Iran, stating the objective is to maintain navigational freedom in the Strait of Hormuz.
Oil Extends Rally Past $80 as US-Iran Tensions Spike
WTI crude rose above $80 a barrel for a fourth consecutive session on mounting supply fears after US airstrikes on Iran and a tanker disruption near the Strait of Hormuz. President Trump vowed to intensify military operations until shipping attacks stop.
Trump Says Iran Releases American Citizen Detained in 2024
President Trump announced that Iran has allowed an American citizen detained in 2024 to leave the country, and thanked Tehran for the gesture of goodwill.
Anthropic in Talks to Expand Multi-Billion-Dollar Credit Lines Ahead of Planned IPO
AI startup Anthropic is negotiating additional credit lines totaling billions of dollars, building on its existing $2.5B revolving facility to bolster liquidity before a potential public listing.
Gold rises above $4,050 as US PPI unexpectedly falls in June
Gold edges higher to around $4,060 during early Asian trading Thursday, rebounding as softer US inflation data fuels hopes the Federal Reserve will hold rates steady at its July meeting.
China Q2 GDP Growth Slows to 4.3%, Weakest Since Late 2022
China’s second-quarter GDP growth slowed to 4.3% year-on-year, the weakest pace since late 2022, with policy support expected to follow.
EUR/USD Approaches 1.1600 as RSI Turns Bullish on Soft US Inflation
EUR/USD rose 0.41% to 1.1466 after softer-than-expected US inflation data weighed on the dollar, with traders anticipating a less hawkish Federal Reserve.
Guide Explores Prop Trading Rules and Risks
A new article explains how proprietary trading accounts work, the risks involved, and tips for choosing a firm.
USD/JPY Gives Back Gains After US Inflation Data
USD/JPY experienced volatile swings on Wednesday, initially climbing to 162.42 before retreating to 161.90 and then bouncing back to 162.28, ultimately settling near the level where it started the day.
Australian Dollar Breaks Above 0.7000 Then Retreats
The AUD/USD pair briefly climbed above the 0.7000 level for the first time since mid-June before giving up gains.
British Pound Surges on Dollar Weakness, Breaks Out
GBP/USD recovered from a session low of 1.3381 to stage a breakout as the dollar weakened during New York trading.
Trump: Iran Releases Wrongfully Detained US Citizen
Former President Donald Trump announced on Truth Social that Iran has released an American female citizen who had been held since December 2024. The US welcomed the move as a gesture of goodwill.
Gold Holds Near $4,050 as Soft US Inflation Eases Rate Hike Fears
Gold remains near $4,050 as softer-than-expected US PPI data reduces Federal Reserve rate hike expectations, boosting the metal's appeal. However, escalating US-Iran tensions and rising oil prices threaten to reignite inflation risks.
Societe Generale: USD/KRW Eyes 200-DMA at 1,475
Societe Generale analysts note USD/KRW's failure at the June peak near 1,561 and a subsequent decline, with the 200-day moving average around 1,475 as a key support level.
BHP Q4 Copper Output 491.9 kt, Iron Ore 74.8 Mt; FY26 Cost Guidance at Low End
BHP reports Q4 copper production of 491.9 kilotonnes and iron ore (WAIO) output of 74.8 million tonnes. Full-year 2026 unit costs are expected at the bottom of guidance for copper assets, while iron ore costs remain within range.
Indonesia's S&P Rating Affirmed; DBS Flags Weak Risk Uptake
S&P Global Ratings affirmed Indonesia's sovereign rating and stable outlook, citing fiscal discipline. DBS economist Radhika Rao notes optimism is tempered by weak global risk appetite.
US Leveraged ETF Count Hits Record 700, Doubling Since End of 2024
The number of US-listed leveraged ETFs has reached a record 700, more than double the count at the end of 2024. Over 210 new leveraged funds have launched in 2026 so far, surpassing the total for all of 2025.
Mexican Peso Strengthens as US Inflation Data Eases Rate Hike Fears
The Mexican Peso gained 0.29% against the US Dollar after US inflation reports reduced expectations of further Fed rate hikes.
Stocks Edge Higher as Inflation Cools, Chip Rout Tempers Rally
Wall Street got another cool inflation print, lifting stocks and Treasuries while the dollar slipped. A continuing rout in chip stocks kept the rally from running away.