Market news
Crypto, stocks, forex and macro, aggregated for traders.
Iranian Hardline Daily Warns Against Strait of Hormuz Diplomacy
A hardline Iranian newspaper, Kayhan, has cautioned against reopening the Strait of Hormuz through diplomatic talks with the United States, highlighting internal opposition as Tehran and Washington discuss a potential agreement.
Iran Says US MoU Could Be Signed Remotely as Hardliners Oppose Draft
Iran indicates a memorandum of understanding with the US might be finalized remotely within days, while hardliners criticize the draft. Washington ties any relief to nuclear dismantlement, and tensions persist in the Strait of Hormuz after CENTCOM reports downing drones targeting shipping.
Biden Official Says Reporter’s Unique Access Came from Information Sharing
A Biden administration official revealed that a reporter obtained privileged access by exchanging information with sources.
Ichimoku Cloud Trading System Explained in New Video
A new video explains the Ichimoku Cloud trading strategy, covering market trends, momentum, support/resistance, and market structure.
US Consumer Spending Loses Momentum as Retail Sales Expected to Fall
The Chicago Fed projects a 0.3% month-over-month decline in retail and food services sales excluding autos for May, the largest drop since January 2025. After adjusting for inflation, sales are estimated to fall 1.3%.
Dow Jones gains 0.66%, S&P 500 rises 0.46%, Nasdaq up 0.30% at close
Unofficial closing data shows the Dow Jones Industrial Average added 337.75 points to close at 51,186.50, the S&P 500 gained 33.89 points to 7,428.19, and the Nasdaq rose 76.49 points to 25,886.15.
US Official: Iran Deal Ensures Reopening of Strait of Hormuz, Nuclear Containment
A senior US administration official stated that the Iran agreement guarantees long-term regional peace and the reopening of the Strait of Hormuz, achieving core US objectives regarding nuclear materials.
Deutsche Bank: UK Growth Resilient, Inflation Softening
Deutsche Bank's Sanjay Raja notes the UK economy is tracking close to the Bank of England's Scenario A, with stronger-than-expected early-2026 GDP but cooling labour market and easing price pressures.
Retail Investors Sell Stocks for Three Consecutive Days, First Streak Since 2020 Pandemic
Retail investors sold stocks for three consecutive days ending Wednesday, the first such streak since the 2020 pandemic. Monday saw the highest retail outflows since November 2023, with semiconductors and AI stocks hit hardest.
FOMC Meeting Next Week: Expected Neutrality as Warsh Takes Chair
The upcoming FOMC meeting is expected to maintain a neutral stance, with Kevin Warsh presiding as Chair for the first time. Analysts anticipate no major policy shifts given the precarious economic environment.
Pakistan PM Announces US-Iran Peace Deal Text Agreed
Pakistan's Prime Minister Shehbaz Sharif announced that a final agreed text of a peace deal between the US and Iran has been reached, with Pakistan working to finalize next steps.
Pakistan PM Sharif: Final Peace Deal Text Agreed, Working on Next Steps
Pakistan Prime Minister Sharif confirmed that a final text of the peace deal has been reached, dismissing misinformation campaigns. He stated that the country is working closely with both sides to finalize next steps, adding that peace has never been this close.
Silver firms on USD weakness, easing US-Iran haven demand
Silver (XAG/USD) trades around $67.50, up 0.21% on the day, supported by a weaker US dollar and reduced haven demand as US-Iran diplomatic progress improves market sentiment.
SpaceX Stock Begins Trading at $160.83, Up 19% from IPO
SpaceX stock (SPCX) started trading at $160.83 per share, a 19% gain from its IPO price, pushing the company's valuation to $2.1 trillion and making it the 7th largest public company globally.
US Economy Shows Resilience Despite Iran War Disruptions
More than three months after the start of the Iran war and resulting global energy market disruptions, the US economy continues to show remarkable strength. The post raises the question of whether this resilience can be sustained.
Iran FM Says Islamabad MoU 'Never Been Closer'
Iran's Foreign Minister Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever, promising full transparency in sharing details with the public.
Iran FM: Islamabad MoU 'Never Been Closer' to Finalization
Iran's Foreign Minister Seyed Abbas Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever to finalization, urging media to avoid speculation until details are released.
Iran Attempts Strike on Commercial Ships in Strait of Hormuz; US Downs Drones
Iran attempted to attack commercial vessels transiting the Strait of Hormuz overnight, prompting US forces to shoot down two Iranian one-way attack drones, a defense official confirmed.
US Shoots Down Iranian Drones Targeting Ships in Strait of Hormuz
The US military shot down two Iranian attack drones that were targeting vessels in the Strait of Hormuz, according to a US defense official, amid President Trump's public criticism of Iran's continued targeting of ships.
Trump Calls Iran 'Dishonorable,' Rejects Leaked Deal Terms
President Trump stated that leaked deal terms from Iran are not the agreed terms, calling Iranian leaders 'very dishonorable' and lacking good faith.
Trump Denies Iran Leak, Calls Tehran Dishonorable Over Drone Attack
President Trump claimed that terms leaked by Iran to the media are not the real agreement and criticized Tehran's conduct, including a drone attack on Indian ships near the Hormuz Strait.
White House Official: Iran Deal Requires Nuclear Dismantlement, Performance-Based
A White House official, cited by Fox News, outlined key terms of a new Iran deal, including destruction of nuclear material, dismantling of the nuclear program, and performance-based release of funds.
US Stocks Open Mixed as Dow, S&P 500 Rise; NASDAQ Falls
At the market open, the S&P 500 gained 0.18% to 7,407.28, the Dow Jones rose 0.62% to 51,165.08, while the NASDAQ edged down 0.03% to 25,801.22.
Copper Near Record Highs on Supply Tightness, Tariff Risks – ING
ING notes LME copper is trading near record highs, supported by supply tightness, US tariff-driven stockpiling, and AI-related power demand. The COMEX-LME spread remains elevated as the market prices in tariff risk.