Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold Price Slides Below $4,030, Eyes Further Downside Below $3,940
Gold (XAU/USD) fell 0.7% to near $4,030 during European trading, pressured by persistent inflation concerns and elevated energy prices amid escalating US military aggression. The metal remains below its 20-day EMA, with analysts eyeing further losses under $3,940.
British Pound Rallies to Multi-Month Highs on Mahmood Appointment Reports
The British Pound has surged to multi-month highs against the US Dollar and Euro following reports of a potential appointment of Mahmood to a key economic role.
Lilly to Acquire Atai Life Sciences for $2.8B Upfront Plus CVR
Eli Lilly will acquire Atai Life Sciences for $6.75 per share in cash plus up to $2.50 per share in contingent value rights, valuing the deal at $2.8 billion upfront with potential additional $1 billion. The transaction is expected to close in the third quarter, subject to regulatory approvals.
GE Aerospace Beats Q2 Estimates, Raises FY Free Cash Flow Outlook
GE Aerospace reported Q2 2026 adjusted EPS of $2.02, beating the $1.86 estimate, and adjusted revenue of $12.63B, above the $11.86B consensus. The company also raised its full-year free cash flow guidance.
Stanford Researchers Find Manipulation in Polymarket Bitcoin Contracts
Researchers from Stanford University and Singapore Management University found signs of manipulation in 5-minute Bitcoin contracts on Polymarket. They estimate 821 wallets gained $8.22M, while retail and other traders lost $7.61M.
Societe Generale: USD/BRL Break Below 50-DMA Signals Move to 5.00
Societe Generale notes that USD/BRL has fallen to 5.07 after threatening 5.20 earlier this month, with a break below the 50-day moving average opening the door to a decline toward 5.00.
EUR/GBP Rises on Hawkish ECB Comments, Mixed UK Data
EUR/GBP edged up 0.24% to 0.8485 as hawkish comments from the European Central Bank outweighed mixed UK economic data.
EU Mid-Market Update: AI Spending Concerns, TSMC Capex, UK GDP Data
The sustainability of AI investment is questioned as TSMC raises capex but faces margin pressures, while UK GDP data supports a hawkish BOE stance.
UnitedHealth Q2 2026 Earnings Beat Estimates, Raises Full-Year Guidance
UnitedHealth Group reported Q2 2026 adjusted EPS of $6.04, well above the $3.74 estimate, and raised its full-year adjusted EPS forecast to $19.50-$20.00. Revenue also surpassed expectations at $112.03 billion.
AUD Consolidates Gains as USD Weakens on Soft US Inflation
The Australian Dollar held near recent highs on Thursday as the US Dollar slipped after unexpectedly soft US inflation data dampened expectations of immediate Federal Reserve tightening.
Iraq Halts Crude Oil Loading at All Terminals After Drone Incident
All Iraqi oil terminals have suspended crude loading after a drone struck a tanker at the Basra terminal. No damage or fire was reported, according to Reuters sources.
British Pound Strengthens on Fiscal Reassurance, MUFG Says
The British Pound gained sharply after reports that Shabana Mahmood is set to become the next UK chancellor, reinforcing expectations of sound public finances, according to MUFG analyst Lee Hardman.
US Dollar Remains Under Pressure After Soft US CPI and PPI Data – ING
The US dollar continues to weaken following softer-than-expected US CPI and PPI data, according to ING strategists. FX volatility is declining while Brent crude oil prices remain around current levels.
Silver Falls 1.34% to $57.00 per Troy Ounce
Silver (XAG/USD) fell 1.34% on Thursday to $57.00 per troy ounce, down from $57.77.
EUR/CAD Holds Gains After Eurozone Trade Balance Data
The euro strengthened against the Canadian dollar for a second straight session, trading near 1.6100 during European hours following the release of Eurozone trade balance figures.
Commerzbank: New Zealand Dollar Vulnerable to Softer Data
Commerzbank strategist Volkmar Baur warns that the New Zealand Dollar's recent recovery is fragile, with softer economic data posing downside risks despite market expectations of further rate hikes.
EUR/GBP Edges Higher After Hitting 13-Month Low, Bears Pause
EUR/GBP recovered slightly on Thursday after falling to a 13-month low on Wednesday, when the pound rallied on reports that UK Prime Minister Burnham will appoint a fiscally conservative finance minister.
Ex-US Defense Chief Warns US Cannot Beat Iran via Air Strikes Alone
Former US Defense Secretary says America must 'strangle' Iran’s economy to force open the Strait of Hormuz, arguing that air strikes alone will not win the conflict.
UOB: AUD/USD Breaks Above 0.7015 Resistance, Momentum Points Higher
UOB analysts note AUD/USD broke key resistance at 0.7015, reaching 0.7021, with further upside expected in the near term.
Pound Strengthens on Reports of New UK PM Appointing Shabana Mahmood as Finance Minister
The British pound strengthened across the board amid reports that incoming UK Prime Minister Burnham plans to appoint Home Secretary Shabana Mahmood as the new finance minister. Meanwhile, persistent US inflation worries continue to weigh on the dollar.
OpenAI Developing Smart Speaker with 'Personality'
OpenAI is entering the consumer electronics market with a smart speaker that can establish a human-like connection with users, featuring cameras, sensors, mechanical movement, and access to user messages and email.
EUR/GBP Falls to 0.84 as Pound Extends Gains, SocGen Says Move Stretched
EUR/GBP has dropped to the 0.84 handle, its lowest since June last year, after breaking a Head and Shoulders neckline at 0.8610. Societe Generale notes the move appears stretched.
Euro Holds Gains Near One-Month Highs at 186.00 Against Yen
The Euro trades nearly flat just below one-month highs at 186.00 against the Japanese Yen on Thursday, consolidating after a 0.8% rally.
Gold slumps to $4,033 on oil surge, Middle East tensions
Gold extended its losing streak on Thursday, falling to $4,033 per ounce as a sharp rise in oil prices amid intensified Middle East attacks stoked inflation fears and expectations of tighter central bank policy.