Market news
Crypto, stocks, forex and macro, aggregated for traders.
Silver Tests Major Long-Term Support After Collapse
Silver prices have collapsed from resistance at 5770/5800, reaching targets down to 5590/5560, and are now poised to test a key longer-term support level.
GPIF Accumulates Domestic Alternative Assets, Says Takaichi
Japanese official Takaichi stated that the Government Pension Investment Fund (GPIF) is already building up domestic investments through alternative assets under existing guidelines, supporting Japan's economic growth.
NZD/USD Falls Below 0.5850 as US Strikes Iran
The New Zealand Dollar weakened against the US Dollar, slipping to around 0.5840 after the US launched a wave of strikes against Iran, fueling risk-off sentiment.
AUD/USD Price Forecast: More Upside Likely as Pair Stabilizes Above 20-Day EMA
The Australian Dollar is hovering near 0.6990 against the US Dollar, edging slightly lower as the greenback strengthens on renewed US inflation fears. However, stabilization above the 20-day EMA suggests further upside potential.
LNG Market Shifts Focus from Supply to Flexibility
As storage season advances, attention in the liquefied natural gas market is moving away from supply availability concerns toward operational flexibility.
EUR/USD Struggles for Direction, Commerzbank Says
Commerzbank strategist Volkmar Baur notes EUR/USD lacks clear direction, citing the Iran conflict, rising oil prices, and diverging inflation dynamics as clouds on the horizon.
Japan FinMin Katayama: No change in stance that BoJ determines monetary policy
Japan's Finance Minister Satsuki Katayama reaffirmed on Friday that the government's position remains unchanged: specific monetary policy decisions are left to the Bank of Japan.
USD/JPY Holds Steady Near 162.40 After Breaking EMA Resistance
USD/JPY trades around 162.40 during Asian hours on Friday, maintaining a bullish bias after breaking above both the nine- and 50-period exponential moving averages.
Tech stocks slide as Google Gemini delay adds to sector jitters
Tech stocks continue to fall for a full 24 hours, with futures pointing down. The decline is driven by a South Korean holiday, US and Japanese market closures, and reports of a delay in Google's Gemini AI model.
Volvo Cars Expands Commercial Performance Program Across Europe
Volvo Cars' commercial chief announced the launch of a new commercial performance program in Germany, set to expand across key European markets, expecting a significant boost to future performance.
JPMorgan: Strategy's $3B Dollar Reserve Positive Signal for Bitcoin
JPMorgan analysts view Strategy's increased dollar reserve as a hopeful signal for Bitcoin, reducing the risk of forced crypto sales to fund dividend payments.
Volvo Cars CEO: No Further Delay to Košice Factory, Confident in Plant Utilization
Volvo Cars' CEO stated there is no expected further delay to the Košice factory in Slovakia and expressed confidence in plant utilization, adding that Ghent operations will not affect Slovakia plans.
Baltic Growth Recovery Uneven, Lithuania Outperforms
Economic growth in the Baltic countries is recovering, though performance across the region remains uneven. Lithuania continues to outpace its neighbors, according to recent updates.
WTI Oil Rises to Near $79 on US-Iran Tension Escalation
WTI crude oil edged higher to around $79.00 during early European trading, heading for its biggest weekly gain since April as escalating US-Iran tensions threaten oil supplies.
Danske Bank Q2 Beats Estimates, Raises Net Income Guidance
Danske Bank reported Q2 earnings that beat analyst expectations on total income and net income, while raising its full-year net income guidance.
Indian Rupee Ticks Up on RBI Intervention, Downside Seen
The Indian Rupee opened slightly higher against the US Dollar, with USD/INR easing to near 96.30 after the Reserve Bank of India intervened. However, analysts favor further downside for the INR.
US Inflation Data Shows Decline in June, Producer Prices Also Fall
US consumer prices declined in June, and producer prices also fell, according to recent data. Underlying inflation showed signs of easing, offering encouragement to financial markets.
EUR/USD Stays Pressured Below Mid-1.1400s After Failing at 200-SMA
EUR/USD edges lower for a second straight day as energy-driven inflation fears revive Fed rate hike bets, supporting the US dollar. The pair remains pressured below mid-1.1400s after failing near the 200-SMA on the 4-hour chart.
AUD/JPY Dips Below 113.50 on Intervention Fears, Bullish Trend Intact
AUD/JPY softened to around 113.35 during European trading amid fresh intervention rhetoric from Japanese officials, but the broader bullish outlook remains intact.
Canadian Dollar Holds Near One-Month High as Oil Gains Counter Fed Rate Hike Bets
The USD/CAD pair struggles to extend an overnight bounce from the 1.4000 level, attracting sellers during Asian trade as rising oil prices support the loonie despite firm USD and Fed tightening expectations.
IRGC Threatens to Halt Hormuz Oil Exports Amid US Strikes
Iran's Revolutionary Guard Corps warned that no oil or gas will pass through the Strait of Hormuz if US attacks continue, raising geopolitical risk for global crude supplies.
Gold Recovers from Monthly Low as Hawkish Fed, Strong USD Cap Gains
Gold (XAU/USD) edged higher in Asian trade on Friday, rebounding from near the monthly low, but further upside appears limited due to a hawkish Federal Reserve outlook and a firm US dollar.
USD/CHF Holds Near 0.8090 as Middle East Tensions Support Dollar
The Swiss Franc steadied against the Dollar on Friday, with USD/CHF trading around 0.8090. Escalating US-Iran tensions provided support for the greenback, countering shifting expectations for Federal Reserve policy.
Gold Price Forecast: XAU/USD Pulls Back, Sellers Eye Next Leg Down
Gold is licking its wounds near two-week lows in Friday's Asian session, as sellers remain hopeful of clinching the biggest weekly loss in six weeks.