Market news
Crypto, stocks, forex and macro, aggregated for traders.
WTI Oil Hits Three-Week High on Middle East Supply Risks
West Texas Intermediate crude rose to its strongest level in more than three weeks as Middle East supply concerns continued to support prices.
NZD/USD Jumps as Falling US Yields Weigh on Dollar
The New Zealand dollar rose sharply on Wednesday, trading near 0.5930 and up 0.96% on the day as weaker US Treasury yields pressured the US dollar.
Maya Protocol Halts Network After $1.7M Hack; SEC Proposes Crypto Rules
Maya Protocol paused its network after an exploit drained about $1.7 million, while the SEC floated new crypto-market rules and BlackRock cited AI rotation as a headwind for bitcoin.
Gold surges toward $4,500 as Treasury buyback sinks US yields
Gold jumped more than 3.7% on Wednesday, trading near $4,495 and hitting its highest since June as falling US yields weighed on the dollar.
US Daily Interest Costs Now Outpace Medicare and Defense Spending
The US government is spending $3.8 billion per day on interest, above daily Medicare and defense outlays, with estimates pointing to roughly $5 billion per day by 2028.
Dow Jones Industrial Average Rallies Near 53,600
The Dow Jones Industrial Average traded near 53,600 on Wednesday, up more than 230 points or 0.44%, with gains not tied to earnings, growth, or Federal Reserve news.
EUR/GBP nears two-week high as UK services inflation cools
EUR/GBP is trading near 0.8570, supported by a softer British pound after cooling UK services inflation data.
Trump Announces Heidi Overton to Work With Kennedy, Oz on Drug Price and Trial Reforms
Trump highlighted Dr. Heidi Overton's medical and public-health background and said she will work with Secretary Kennedy and Dr. Oz on faster cures, clinical trial reforms, and lower drug prices.
Trump Taps Dr. Heidi Overton as Next FDA Commissioner
President Trump announced on Truth Social that he is nominating Dr. Heidi Overton, MD, PhD, to lead the FDA, citing her work with Secretary Kennedy and Dr. Oz on health policy.
Bitcoin Shows Late-Stage Decline Signals, VanEck Says Bottom Not Confirmed
VanEck estimates only eight of 12 bitcoin capitulation indicators are currently active, keeping a bottom call premature even though all metrics reached signal levels over the past three months.
Bitcoin and Ethereum Hit June Highs as Treasury Buyback Stokes Rally
Bitcoin and Ethereum refreshed their June highs after the US Treasury said it would double long-term government bond buybacks, with investors calling the move a form of new QE.
Bank Indonesia Holds Rate at 5.75% to Support Rupiah
Bank Indonesia kept its benchmark rate at 5.75% for a second straight month, with BNY's Geoff Yu saying the decision is aimed at backing the rupiah.
Pound Jumps as Treasury Buyback Weakens the Dollar
Sterling advanced against the dollar after the US Treasury announced buybacks of longer-dated bonds, easing yield pressure and weighing on the greenback.
US 10-year Treasury yield falls as Treasury moves to calm bond market
The US 10-year Treasury yield dropped sharply on Wednesday to 4.651% after an earlier intraday high, with the Treasury stepping in to calm the bond market.
Yen Advances as Falling Treasury Yields Pressure Dollar
The Japanese yen extended its intraday gains on Wednesday as a slide in longer-term US Treasury yields triggered fresh dollar selling, pushing USD/JPY toward 158.47.
UK Inflation Rises to 2.9% on Higher Energy Costs
UK headline inflation reached 2.9% year-on-year in July, mainly driven by higher household energy costs, Societe Generale's Sam Cartwright notes.
Commerzbank sees downside risks for Thai baht stability
Commerzbank expects the Bank of Thailand to keep its policy rate at 1.0%, while rising commodity prices and foreign outflows pose downside risks for the baht.
SWIFT completes first live interbank transaction on its blockchain
SWIFT has processed its first real interbank transaction on its blockchain, with HSBC and Standard Chartered testing tokenized deposit settlement and netting.
RBA Keeps Hawkish Bias as Inflation Concerns Persist
The Reserve Bank of Australia remains worried about inflation, and Deputy Governor Andrew Hauser said further rate hikes cannot be ruled out, according to BNY's Geoff Yu.
BoE Rate Hold Seen as Baseline by Societe Generale
Societe Generale expects the Bank of England to keep Bank Rate at 3.75% through 2026, citing softer UK services inflation and a loosening labour market.
Sainsbury named biggest donor to Burnham with over £160,000
Billionaire David Sainsbury reportedly gave more than £160,000 to Andy Burnham’s Labour leader campaign, covering staffing, travel and office costs.
Dollar Index Slips as US Treasury Doubles Long-Dated Debt Buybacks
The US Dollar Index came under renewed selling pressure on Wednesday after the Treasury Department expanded its buyback program for long-dated debt, sending longer-term Treasury yields sharply lower.
South Korean Won's Growth-Driven Recovery Offers Policy Lesson, ING Says
ING's Chris Turner highlights how earlier portfolio outflows and a weaker won drove USD/KRW to 1560 in June, despite a large current account surplus.
Fed Minutes to Reveal Depth of FOMC Hawkish Split
The Federal Reserve is set to release minutes from its July FOMC meeting, with markets watching for how divided policymakers were on the hawkish side.