Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold holds near $4,400 as fading Fed rate hike bets weigh on dollar
Gold is holding modest gains near $4,400 while the US dollar remains under pressure as expectations fade that the Federal Reserve will raise rates in September.
USD/CAD Slips as Canadian Dollar Gains Ahead of Inflation Test
USD/CAD traded around 1.3860 on Monday, down 0.11%, as reduced Fed tightening expectations weighed on the US dollar against the Canadian dollar.
China July activity data undershoots expectations: Commerzbank
Commerzbank’s Henry Hao says China’s July industrial output, retail sales and fixed-asset investment all missed forecasts amid weather disruptions and property weakness.
Copper Nears Record High as London Supply Squeeze Tightens
Copper prices are climbing toward record territory as tightening London availability fuels a sharp rally, with spot supply commanding a premium.
Yen slips back above 159 versus dollar as Japan GDP slows
The yen gave back early gains on Wednesday, leaving USD/JPY above 159.00 after Japanese GDP data showed slower growth.
Bitcoin supply pressure builds as whale inflows rise and spot demand stays weak
XWIN Japan analysts note rising exchange whale inflows and weak spot demand are increasing supply pressure on Bitcoin, with large-investor CVD shifting to neutral.
Trump: Iran Must Never Have a Nuclear Weapon
President Donald Trump reiterated on Truth Social that preventing Iran from obtaining a nuclear weapon remains his top priority.
Gold Holds Bullish Bias Near $4,400 as Dollar Weakens
XAU/USD is maintaining a bullish bias around the $4,400 level, helped by a softer US dollar and fading expectations of further Federal Reserve rate hikes.
UK labour data seen backing Bank of England hold: TD Securities
TD Securities expects a soft but stable UK labour market in June, reinforcing expectations that the Bank of England will keep rates on hold.
US Sees Strait of Hormuz Situation as Static, Naval Blockade Sustainable
US assessments describe the Strait of Hormuz situation as static, with the ability to hold a naval blockade indefinitely, while markets also track China and Japan data.
Exclusive: Octa Cyprus CEO Georgios Pantzis to Step Down After Nine Years
Georgios Pantzis is stepping down as CEO of Octa's Cyprus entity after nearly nine years. The company is discussing new board appointments with CySEC while assuring clients of continuity.
Dollar Index Extends Losses as Bears Test Two-Month Lows Below 99.40
The US Dollar Index fell for a third straight session on Monday, with sellers challenging two-month lows under 99.40 during European trading.
WTI climbs above $82 as US-Iran standoff underpins oil
West Texas Intermediate traded near $82.10 on Monday, up 0.70%, as the US-Iran deadlock kept supply concerns in focus.
Riksbank Seen Holding at 1.75% for Seventh Straight Meeting
Brown Brothers Harriman’s Elias Haddad expects Sweden’s Riksbank to keep its policy rate at 1.75% for a seventh consecutive meeting while leaving a later hike on the table.
Dow Futures Slip While Nasdaq Futures Gain Amid Fed Repricing
Dow Jones futures traded lower Monday, while S&P 500 and Nasdaq 100 futures moved higher even as Fed rate-hike expectations softened.
Commerzbank Sees Market Doubts on Turkish Lira Stability
Commerzbank's Tatha Ghose says a CBRT survey shows market participants raising inflation forecasts and expecting only gradual rate cuts, casting doubt on disinflation and lira stability.
After Over 2 Years at OneRoyal, Dominic Poynter Departs as CCO
Dominic Poynter has stepped down as Chief Commercial Officer at retail FX and CFDs broker OneRoyal. He confirmed the exit on LinkedIn and has not yet announced his next move.
Silver Rises to $65.46 per Troy Ounce
Silver prices climbed on Monday, with XAG/USD trading at $65.46 per troy ounce, up 1.17% from $64.70, according to FXStreet data.
BoJ hike expectations support yen against dollar, MUFG says
MUFG strategists note that Japanese bond yields are climbing even after weak GDP data, with markets focused on further Bank of Japan rate hikes and supporting the yen versus the dollar.
US Dollar Losing Momentum as Fiscal Risks Rise, DBS Says
DBS Group Research’s Philip Wee sees fading momentum in the US dollar as markets reassess US-Japan intervention, shifting BoJ and Fed expectations, and rising US fiscal risks.
Fed Shifting From Forward Guidance, Volatility Seen Higher: TD
TD Securities sees the Federal Reserve moving away from detailed forward guidance, leaving markets to infer policy from incoming data and potentially boosting volatility.
UK data-heavy week could trigger BoE repricing, ING says
ING's Chris Turner flags upcoming UK jobs, wages and July CPI data as potential catalysts for repricing Bank of England rate expectations.
US warns 35 countries against joining rival AI initiative
Reuters reports the US State Department has told signatories of a June AI statement that joining a competing initiative would cut them off from the Pax Silica coalition.
EUR/USD Clears 1.1600 as Bulls Hold Above 100-SMA and 50% Fibo
EUR/USD extended last week's rebound from near the 1.1500 psychological level and broke above 1.1600, with bulls retaining control above the 100-SMA and the 50% Fibonacci retracement.