Market news
Crypto, stocks, forex and macro, aggregated for traders.
Bitwise CIO: Financial Advisors Shift Focus From Bitcoin to Stablecoins, Tokenized Assets
Bitwise CIO Matt Hougan said financial advisors remain interested in crypto but have shifted from Bitcoin to stablecoins and tokenized assets. He expects these products to drive the next market cycle recovery.
British Pound Edges Lower Ahead of UK GDP Data
The British Pound weakened slightly against the US Dollar on Thursday, trading near 1.3350, as markets await UK monthly GDP figures.
Gold Bounces from $4,000 but Stays Below $4,100
Gold (XAU/USD) edged higher on Thursday, attempting to recover from the $4,000 psychological support level, but remains capped below $4,100 amid geopolitical jitters and shifting Fed rate expectations.
Bears Hold Grip on Brent Despite Middle East Tensions
Brent oil price remains in a $90–$95 range for a fifth day, as markets shrug off renewed Middle East tensions and a large US crude inventory draw.
SpaceX IPO Valuation Gap Nears $1 Trillion
Two rational traders studying the same SpaceX IPO prospectus arrived at valuations nearly $1 trillion apart, highlighting the extreme uncertainty in the company's market worth.
Iran Denies Reports of Finalized Agreement with US
Iran has denied media claims that a final text for an understanding with the US has been reached, labeling the reports as fabrication.
BoC caution limits Canadian Dollar gains against USD – Commerzbank
Commerzbank analyst Michael Pfister notes the Bank of Canada kept rates at 2.25% and sees little impetus for near-term tightening as core inflation eases and the economy weakens.
AUD Stays Near Two-Month Low as Risk Aversion Lifts USD
The Australian Dollar remains under pressure, trading near two-month lows against a strengthening US Dollar amid risk-off market sentiment.
Oil and Gas Executives Warn White House of Gasoline Price Surge Amid Falling Inventories
Oil and gas executives have warned the White House that gasoline prices could surge in coming months as fuel inventories fall to critical lows, complicating efforts to contain inflation.
TD Securities: USD Uptrend Intact into FOMC Despite UK CPI Softness
TD Securities strategists note that a softer UK core CPI print initially weakened the USD, but they expect the broader uptrend to hold into next week's FOMC meeting.
Gold and US Dollar Slide After June US Inflation Data
Both gold and the US dollar declined across most pairs following the release of June 10 US inflation figures that largely met consensus. Traders also focused on renewed tensions between the US and Iran.
Kuwait Reaffirms Support for Bahrain and Jordan's Security
Kuwait's foreign ministry has reiterated its steadfast support for the security and stability of Bahrain and Jordan, standing by their measures to protect sovereignty.
Bank of Canada Holds Rate at 2.25% as Recession Fears Persist: Rabobank
Rabobank analysts note the Bank of Canada kept its overnight rate unchanged at 2.25% in June, citing ongoing recession risks and elevated inflation from high energy prices.
BBH: EUR/USD Faces Downside Risk Ahead of ECB Hike
Brown Brothers Harriman’s Elias Haddad warns that EUR/USD is trading defensively near 1.1530 ahead of an expected 25 bps ECB rate hike to 2.25%, with updated projections likely being downgraded.
ECB Set for First Rate Hike in Three Years, Geopolitical Risks Mount
The ECB is reportedly preparing to begin tightening monetary policy for the first time in three years, while US exchanges launched a second consecutive night of strikes on Iran and SpaceX IPO is said to be imminent.
EUR/JPY Flat Near 185.20 as ECB Guidance and Intervention Fears Cap Gains
EUR/JPY trades flat around 185.20 as traders await ECB guidance and remain cautious over potential intervention.
Silver Rises 1.05% to $64.05 per Troy Ounce
Silver prices rose on Thursday, trading at $64.05 per troy ounce, up 1.05% from the previous $63.39.
NEURA Robotics Raises Up to $1.4B in Series C from Tether, Nvidia, Amazon, Qualcomm
German robotics firm NEURA Robotics secured up to $1.4 billion in Series C funding from investors including Tether, Nvidia, Amazon, and Qualcomm. The funds will support development of its 'physical AI' platform and mass production of humanoid robots.
WTI Dips to Near $87.50 as US-Iran Talks Continue
West Texas Intermediate oil price declined to around $87.60 per barrel during European trading, paring recent gains as US-Iran talks remain intact.
USD/CAD Rallies to 1.3970, Fresh High Since November 2025 on Oil Slump
The USD/CAD pair rallied to 1.3970, a fresh high since November 2025, driven by a slump in oil prices.
EUR/USD Tests Support Ahead of ECB Meeting, Societe Generale Warns
Societe Generale strategists note EUR/USD remains under pressure after slipping below its 200-day moving average in May, with the pair now testing support near two-month lows ahead of the ECB decision.
ECB Set to Hike as US-Iran Tensions De-escalate
The European Central Bank is expected to raise interest rates while the US has completed strikes against Iran. Traders are cautiously optimistic that the recent escalation in the Middle East may be over, though the ceasefire remains fragile.
Silver Rebounds from 2.5-Month Low as US-Iran Talks Ease Tensions
Silver (XAG/USD) recovered to $64.50 on Thursday after hitting a two-and-a-half-month low of $61.50 earlier in the day, supported by news of ongoing US-Iran negotiations that calmed market fears. Despite the bounce, bears remain in control.
BoC Holds Rate at 2.25%, Stresses Flexibility on Energy and Trade Risks
Deutsche Bank notes the Bank of Canada left its policy rate unchanged at 2.25% but stressed flexibility, with Governor Macklem indicating that sustained higher energy prices could require rate hikes while US trade restrictions might justify cuts.