Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold Slides Nearly 3% Weekly, Breaks Below 200-Day MA
Gold fell close to 3% week-over-week, trading below its 200-day moving average despite a halt in airstrikes on Iran. Prices are now roughly 20% lower than their level at the start of the conflict.
Drafted US-Iran MOU Sparks Optimism, Aids SpaceX IPO
Optimism over a drafted memorandum of understanding between the US and Iran is providing macro tailwinds that could benefit the potential SpaceX IPO, while European markets digest the latest ECB rate hike ahead of a more complicated policy decision in July.
ECB Raises Rates by 25 bps, Calls It an Adjustment Not Start of Tightening Cycle
The European Central Bank raised its key interest rates by 25 basis points to 2.25%, describing the move as an adjustment rather than the beginning of a tightening cycle.
Silver Falls 0.17% to $67.26 on Friday
Silver prices edged lower on Friday, trading at $67.26 per troy ounce, down 0.17% from the previous close of $67.37, according to FXStreet data.
Markets Shift From Fear to Hope on Geopolitical Hopes
Global markets have moved from fear to hope as investors price in potential Middle East de-escalation, lower oil prices, and stronger equity momentum.
Iran: US MoU Needs Finalization by Relevant Authorities
Iran's Mehr news agency reported on Friday that the draft memorandum of understanding with the United States regarding a permanent peace deal requires finalization by relevant authorities.
Brent Drops Below $90 as Downtrend Extends: Societe Generale
Societe Generale analysts note Brent crude has fallen below $90 per barrel amid US-Iran deal hopes and President Trump's cancelled strikes, with technical indicators confirming a sustained downtrend.
ECB's Makhlouf Says Central Bank Must Get Ahead of Inflation
European Central Bank Governing Council member Gabriel Makhlouf stated on Friday that the central bank needs to act preemptively to prevent inflation from accelerating further.
Brent Dips Below $90 on Ceasefire Hopes, ING Sees Upside Risks
ING analysts note that Brent crude has fallen below $90 per barrel amid renewed ceasefire hopes, but they warn that upside risks remain in focus.
Philippine Military Vows to Continue Duty Amid Foreign Pressure
The Philippine military spokesperson stated that the armed forces will perform their constitutional duty despite any foreign pressure or attempts to target its leadership.
Equities Rally on Iran De-escalation Hopes – Danske Bank
Global equities rallied sharply on signals of a potential US-Iran peace agreement that could reopen the Strait of Hormuz and curb nuclear tensions, according to Danske Bank.
SEC Proposes Rescinding Regulation NMS Rules 611 and 610(e)
The SEC has proposed rescinding Rule 611 and subparagraph (e) of Rule 610 under Regulation NMS, aiming to reduce costs and let competition and innovation drive US equity market evolution.
Bearish Elliott Wave Pattern Targets WTI Crude at $68–$73
WTI Light Crude Oil maintains a bearish sequence from its May 19, 2026 high, with wave analysis suggesting a decline toward the $68–$73 range.
WTI Crude Oil Hovers Near Two-Month Low, Vulnerable Below $85.00
West Texas Intermediate crude oil struggles to attract buyers, trading near its lowest level since April 17 and remaining vulnerable below the $85.00 mark and the 100-day SMA.
VaR Trap Suggested as Barrier Keeping Oil Below $100
Analysts point to a Value-at-Risk (VaR) trap as a key factor preventing oil prices from breaking above $100 per barrel, according to a social-media post citing Jeffrey Currie.
Asia Open: Markets Rally Despite Sticky Inflation and ECB Hike
Risk assets surged in Asia as markets ignored sticky inflation, an ECB rate hike, and geopolitical tensions, with stocks and bonds both rallying sharply.
Asian Stocks Rise on Easing US-Iran Tensions, SpaceX Debut in Focus
Asian equities advanced on Friday as US President Donald Trump indicated a peace agreement with Iran could be finalized soon, lowering oil prices and boosting risk sentiment. Markets also awaited the debut of SpaceX.
Gold Price Forecast: Downside Risks Persist with Bear Cross
Gold prices returned to negative territory on Friday after a short-covering rally above $4,200. The metal faces a bear cross and is on track for a second consecutive weekly loss, with YTD lows near $4,000 in focus.
Silver Price Slips to Near $67.00 as Middle East Tensions Flare
Silver (XAG/USD) edged lower to around $67.00 during Asian trading on Friday, giving back some of the previous day’s 6% gain as fresh military friction in the Middle East dampened diplomatic optimism.
US Intercepts Iranian Drones Near Strait of Hormuz
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz after Iran attempted to target commercial vessels in the waterway, Fox News reported.
WTI Holds Near $85 as Trump Signals Possible Iran Deal
WTI crude oil stabilizes around $85.00 per barrel after a 5.5% decline, as former President Trump hints at a potential agreement with Iran that could increase global supply.
US Ground Beef Prices Hit Record $7.06/lb, Up 13% YoY as Cattle Herd Shrinks to 75-Year Low
The average price of US ground beef rose 13% year-on-year in May to a record $7.06 per pound, while steak prices surged 16% to $12.80. The US cattle herd has fallen to its smallest in 75 years, constrained by drought, high production costs, and a screwworm outbreak in Texas.
Turnaround Tuesday Pattern Explained as Weekend Fear Cycle
The frequently cited 'Turnaround Tuesday' pattern is not merely a market cliché but a manifestation of the weekend fear cycle, according to trading commentary.
Big Tech's AI Push Drives Record $159B Corporate Bond Issuance
Alphabet, Amazon, Meta, Microsoft, and Oracle have issued a record $159 billion in corporate bonds in 2026, already surpassing the full-year 2025 total by 47% and exceeding the combined $150 billion issued from 2020 to 2024. AI-related global debt issuance is expected to double to about $570 billion in 2026.