Market news
Crypto, stocks, forex and macro, aggregated for traders.
EUR/USD Slides as US Jobless Claims Support Dollar
EUR/USD fell to around 1.1440 on Thursday, retreating about 0.2%, as stronger-than-expected US jobless claims boosted the US Dollar and weighed on the euro.
EU Seeks to Rebalance Trade with China Without Closing Door: Standard Chartered
Standard Chartered analysts note the European Union is working to recalibrate its trade relationship with China, aiming to strike a balance without severing ties.
Australian Dollar Price Forecast: Further gains remain on the cards
AUD/USD faces resistance near 0.7000 but the pair's constructive outlook remains intact above its 200-day SMA.
Google Engineers Frustrated Over Slow AI Development Pace
Internal frustration is growing among Google engineers and managers over the pace of AI development, with some employees worried the company is losing its competitive edge to Anthropic and OpenAI.
Silver Tests $55 Support as Dollar Recovery Pressures XAG/USD
Silver extends losses on Thursday as the US dollar rebounds and Treasury yields stabilize after softer inflation data, with XAG/USD falling 3.5% to trade near $55.75.
AXA to Sell Entire 10% Ardian Stake; ACM and Wafra Invest
AXA will divest its 10% stake in private equity firm Ardian, with ACM increasing its ownership to 23% and Wafra investing additional capital. Ardian employees remain the largest shareholder group at about 40%, and the transaction is expected to close between late 2026 and early 2027.
Gold drops 1.8% on oil shock, revives Fed rate hike bets
Gold price fell over 1.8% as US-Iran tensions fuel oil supply disruption fears, driving energy prices higher and reviving expectations of further Fed rate hikes.
GBP/USD Dips Seen as Buying Opportunity: Scotiabank
Scotiabank strategists view GBP/USD's current dips as a buying opportunity, noting the pullback follows a strong advance driven by expectations of market-friendly policies.
Fed's Logan: Immigration restrictions could hurt Texas labor force, AI investment near-term inflationary
Dallas Fed President Lorie Logan expressed concern over immigration restrictions impacting the Texas labor force, stated AI investment demand is real and has near-term inflationary effects, and voiced optimism about long-term productivity gains from AI.
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.