Market news
Crypto, stocks, forex and macro, aggregated for traders.
Commerzbank: Heatwaves and Outages Support Natural Gas Prices
Commerzbank analysts note that intensifying heatwaves in Europe and Asia are expected to boost electricity demand and gas-fired power generation, putting additional pressure on European storage levels.
US Dollar Index Breakout Risks Build on Hawkish Fed – OCBC
OCBC's Sim Moh Siong notes the US Dollar is supported by higher Treasury yields and a more hawkish Federal Reserve path, with leaner communication likely to boost FX volatility.
Nasdaq 100 Futures Drop 3% on Global Tech Selloff; S. Korea Down 10%
Nasdaq 100 futures fell 3% as tech stocks globally tumbled. South Korea's stock market dropped 10% amid the selloff.
Stocks Slide, Tech Hit, Dollar Rises as Yen Draws Caution
US equity futures point lower as tech unwinding weighs, while the dollar strengthens and traders grow cautious on the yen. South Korea's Kospi fell 10% today but remains up nearly 95% for the year.
TD Securities Sees Australian CPI Easing to 4.2% YoY in May
TD Securities forecasts Australia's headline CPI to slip to 4.2% year-on-year in May, driven by lower transport and recreational costs, which could keep the RBA on hold.
EUR/USD Price Forecast: Testing 11-Month Lows Amid Broad USD Strength
The euro extends losses against the dollar, testing 11-month lows near 1.3991 as the greenback rallies on Fed tightening expectations and cautious market sentiment.
Japan Yen Intervention Risk Rises After US Treasury Call: BNY
BNY analyst Geoff Yu warns that Japanese yen intervention risk has increased following a call between Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, with both sides reaffirming that bold FX action remains possible.
AUD/USD Falls 0.8% as Risk Aversion Intensifies, CPI Data Awaited
The Australian Dollar dropped 0.8% to 0.6945 against the US Dollar during European trading, pressured by a broad risk-off mood. Traders now await the upcoming Australian CPI release.
Trump Claims Iran Agreed to Highest Level Nuclear Inspections
US President Donald Trump stated on Truth Social that Iran has fully agreed to the highest level of nuclear inspections for the foreseeable future.
Trump Says Strait of Hormuz to Remain Open, No Naval Blockade; Claims Record Oil Flow
President Trump stated he agreed to keep the Strait of Hormuz open without a naval blockade, adding that 19 million barrels of oil transited the strait yesterday, an all-time high.
Trump: Record 19M Barrels of Oil Flowed Through Hormuz Strait, Oil Prices Falling
President Donald Trump stated that a record 19 million barrels of oil passed through the Strait of Hormuz yesterday, contributing to a drop in oil prices and improved global safety.
Aluminium Market Still in Deficit Despite Rising Output, ING Says
ING strategists note that global aluminium output is increasing, yet the market remains in deficit due to capacity losses in the Middle East.
Eurozone PMI Stays Below 50, Euro Under Pressure
The eurozone PMI came in at 49.5, still indicating contraction despite improvement from prior levels. The euro was already weakening ahead of the release.
US-Iran Agreement Drives Oil Lower, Q3 Outlook Favorable
The signing of a framework agreement and subsequent US-Iran negotiations in June have triggered a sharp decline in oil prices, with futures pricing in further drops, setting a favorable outlook for the third quarter of 2026.
NZD Slumps as Hawkish Fed Bets Weigh, US PMI in Focus
The New Zealand Dollar fell 0.4% against the USD to around 0.5690 during European trading as hawkish Federal Reserve expectations reduced risk appetite. Traders await US PMI data for further direction.
Eurozone Composite PMI Edges Up to 49.5 in June, Activity Still Sluggish
The Eurozone composite PMI rose from 48.5 to 49.5 in June, indicating continued sluggish economic activity. However, easing price pressures in the survey are seen as dovish for policy expectations.
Hut 8 Agrees to $2.35M Settlement in Class Action Over Merger
Hut 8 has agreed to pay $2.35 million to settle a class action lawsuit tied to its 2023 merger with US Bitcoin. Plaintiffs alleged the company overstated deal benefits and failed to disclose issues at its King Mountain mine.
GBP/JPY Retreats to 213.20 as Pound Loses Early-Week Momentum
The British Pound slipped against the Japanese Yen on Tuesday, paring Monday's gains and trading near 213.20 amid elevated intervention risks and weak UK business data.
BoC Likely to Hold Steady After Firmer Canadian CPI – TD Securities
TD Securities notes that May's Canadian CPI surprised to the upside due to energy and seasonal factors, while core measures remained stable. The firm expects the Bank of Canada to maintain its patient stance.
Micron Earnings Loom as AI Rotation Tests Tech Conviction
Markets face mild pressure as investors await Micron's earnings report amid a rotation toward artificial intelligence stocks.
KOSPI Posts Second-Worst Session Since 2008 as Tech Selloff Deepens
KOSPI experienced its second-worst trading session since 2008 amid an intensifying tech selloff. Separately, Iran pushed back on a recent optimistic statement by US Vice President Vance regarding nuclear talks.
SpaceX Market Cap Drops Over $600 Billion in Three Sessions
SpaceX's market capitalization has fallen by more than $600 billion in just three trading sessions, an amount roughly equal to half of Bitcoin's current market value.
Iran rules out early nuclear talks, refuses missile negotiations
Iran reaffirmed its red line on military issues on Tuesday, ruling out early nuclear talks and refusing to negotiate on missile capabilities.
EUR/USD Under Pressure as 1.1400 Level Challenged
The euro remains under mild pressure, with EUR/USD testing the 1.1400 level. A breakdown below this support could send the pair to its lowest since July.