Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
BBH: BoE Hikes Not Bullish for British Pound as UK GDP Details Disappoint
Brown Brothers Harriman's Elias Haddad says UK May GDP beat expectations on services, but underlying details disappointed as production and construction contracted, making BoE rate hikes less supportive for sterling.
BoC Holds at 2.25%, Removes Hike Language: CAD Could Remain Stuck
The Bank of Canada kept its key interest rate at 2.25% and dropped language suggesting further tightening, leading analysts to expect the Canadian Dollar to remain range-bound against the US Dollar.
Rabobank: Eurozone Inflation Risks Rise on Energy Shock
Rabobank warns that renewed US-Iran hostilities have pushed Eurozone inflation risks upward. June's softer flash CPI may give the ECB some leeway in July, but the earlier drop in energy prices has reversed, pointing to firmer readings ahead.
UK GDP Grows 0.1% in May; TD Securities Notes Q2 Risks
UK GDP rose 0.1% month-on-month in May, matching TD Securities' forecast and topping market expectations for flat growth. However, the firm flags potential risks in the second quarter.
EUR/USD snaps two-day winning streak as USD steadies
EUR/USD trades with a downside bias on Thursday, ending a two-day winning streak as the US Dollar stabilizes after recent losses triggered by softer-than-expected US inflation data.
Canadian Dollar Extends Gains Against US Dollar, USD/CAD at 1.4010
The Canadian Dollar strengthens further, pushing USD/CAD to 1.4010, though the Bank of Canada's stance may limit additional upside.
GLD Gold ETF Sees Record $14.4B Outflows Since March
The largest US gold-backed ETF, GLD, has recorded $14.4 billion in outflows since March 1 — 50% more than the total outflows from all Bitcoin ETFs since October. March saw an all-time monthly high of $8.5 billion in withdrawals.
Dollar Index Recovers After Initial Drop on Soft US Inflation Data
The US Dollar Index has regained traction after a two-day decline triggered by softer-than-expected June CPI and PPI data.
TSMC Price Target $700 Amid Super Cycle
Analysts highlight Taiwan Semiconductor (TSM) as a key player in a grand super cycle, with a price target of $700 emphasizing its strategic importance in global technology.
BOK 25bp Hike Holds Door Open for August Follow-Up – SocGen
Societe Generale notes that the Bank of Korea's 25 basis point rate hike to 2.75% was unanimously supported and the July statement was more hawkish than May, keeping the possibility of another hike at the August 27 meeting alive.
US indices open mixed: Nasdaq falls 0.42%, Dow rises 0.26%
At the opening bell, the Nasdaq Composite fell 111.08 points (-0.42%), while the Dow Jones added 135.06 points (+0.26%). The S&P 500 opened down 13.54 points (-0.18%).
ING: Funds Boost Net Long Positions in TTF Natural Gas on Storage and LNG Competition
ING analysts Warren Patterson and Ewa Manthey report that investment funds have sharply increased net long positions in TTF natural gas, driven by concerns over storage levels and competition from LNG.
GBP Supported by Hopes of Fiscally Conservative Chancellor – OCBC
OCBC strategists note that expectations of a fiscally prudent chancellor under UK PM Burnham are lending support to the British pound.
GBP/JPY Eases After Hitting Highest Level Since 2007
The British pound edged lower against the yen on Thursday, taking a breather after reaching its strongest level since December 2007 the previous day, supported by reduced political uncertainty and expectations of more expansive fiscal policy.
Micron Stock Extends Losses, Down 15% in Two Days
Micron Technology shares fell sharply, extending a two-day decline to 15% as the memory chip selloff intensifies. The stock is now over 30% below its June 22 record high.
US Initial Jobless Claims Drop to 208K
The number of Americans filing new unemployment claims fell to 208,000 last week, according to the U.S. Department of Labor.
US Retail Sales Rise 0.2% in June to $768.6 Billion, In Line with Expectations
US Retail Sales rose 0.2% month-over-month in June to $768.6 billion, matching market expectations after a 1% increase in May.
BBH: US Dollar Decline Overdone, Steadies Near One-Month Low
Brown Brothers Harriman analyst Elias Haddad says the recent US dollar decline appears overdone, noting the currency has steadied near a one-month low after softer PPI and CPI data weighed on Fed rate expectations.
Bank of Canada Holds Rate at 2.25%, Softens Guidance – TD
TD Securities notes the BoC held its policy rate at 2.25% and removed references to rate-cut risks and consecutive hikes, interpreted as mildly dovish.
Sterling Short Squeeze on Reports of Fiscal Prudence
A powerful short squeeze in Sterling was triggered by reports that Shabana Mahmood could become Andy Burnham's chancellor, a choice seen as less fiscally risky.
Blockchain Transparency vs. Privacy: OSINT and On-Chain Analysis
A look at how on-chain analysis combined with open-source intelligence (OSINT) is used to trace blockchain activity, the tools crypto detectives employ, and the fine line between investigation and surveillance.
Gold Edges Lower as Energy-Driven Inflation Fears Sustain Fed Rate Hike Bets
Gold slipped on Thursday as traders focused on rising Middle East tensions and the potential for higher energy prices to reignite inflation, keeping Federal Reserve rate hike bets alive despite recent softer US CPI data.