Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
USD/CHF Eyes 0.8000 Barrier as Ascending Channel Persists
USD/CHF pauses its four-day winning streak near 0.7990 during European trading, with technicals pointing to a bullish bias as the pair moves within an ascending channel.
USD/JPY Reaches 160.52, Highest Since July 2024
The USD/JPY pair climbed to 160.52 on Thursday, its strongest level in over a year, as the yen continues to weaken despite an acceleration in Japan's producer price index.
Raydium's Legacy AMM V3 Contract Hacked, $1.34M Drained
Raydium's outdated Legacy AMM V3 contract was exploited, leading to a loss of approximately $1.34 million. Only inactive pools were affected; other protocols remain secure. The team promises full compensation to victims.
Iran: US projectile hits cargo boat in Gulf of Oman
Iran's local governor reports that a US projectile struck a cargo vessel in the Gulf of Oman during Thursday's European trading session.
US Stock Futures Rise on Reports of End to Iran Strikes
Dow, S&P 500, and Nasdaq 100 futures advanced during European hours Thursday following reports that US military operations against Iran have concluded.
Euro Hesitates Near Lows Against British Pound as ECB Stays in Focus
The Euro is consolidating nervously near two-week lows against the British Pound around 0.8625, with market attention on the European Central Bank.
Yen Upside Limited as Flows Deteriorate – BNY
BNY's Geoff Yu notes that USD/JPY has broken above 160.00 with only a muted response from Japanese authorities, while cross-border flows into Japanese assets continue to deteriorate.
USD/JPY Hovers Near Intervention Level at 160.50
The USD/JPY pair is trading flat near 160.50 during the European session on Thursday, as markets remain cautious over potential FX intervention by Tokyo to support the yen.
GBP/JPY Extends Gains for Fourth Day Amid Mideast Risks
GBP/JPY rose for the fourth consecutive day, recovering from an intraday dip to the 214.35-214.30 region, as Middle East tensions overshadowed intervention fears.
S&P 500 Slides to One-Month Lows on Stagflation Fears: Deutsche Bank
Equities fell to one-month lows as higher oil prices and US-Iran tensions revived stagflation concerns, according to Deutsche Bank.
Gold Extends Losses as Yields Rise on Persistent Inflation
Gold prices are falling as strong U.S. yields and persistent inflation data prompt a reassessment of monetary policy, according to ING analysts.
NZD/USD Drops Below 0.5800 Ahead of US PPI Data
The New Zealand Dollar weakened against the US Dollar, trading near 0.5795, as renewed US-Iran tensions weighed on risk sentiment ahead of the US Producer Price Index release.
ECB Outlook Caps EUR/USD Upside – Commerzbank
Commerzbank’s Michael Pfister says the ECB’s expected rate hike is already priced into EUR/USD and doubts President Lagarde will commit to multiple hikes, while cooling oil prices and softer inflation further limit upside.
AUD/USD Holds Above 61.8% Fibo Support at 0.7000 After Soft US CPI
The AUD/USD pair edged higher to near 0.7007 during European trading on Thursday, finding support above the 61.8% Fibonacci retracement level at 0.7000. Gains came as the US dollar weakened following softer-than-expected US CPI data.
Apollo's Zito: Tokenomics Debate Misses the Point Amid AI Cost Focus
Apollo's John Zito argued at the Morgan Stanley US Financials Conference that the market is measuring the wrong aspects of tokenomics, while the real focus should be on the AI invoice.
Danske Bank: Risk-Off Rotation Hits Global Equities on Weak Sentiment
Danske Bank notes a risk-off rotation in global equities as weak sentiment drives major indices lower and defensive positioning across sectors.
Geopolitical Tensions Drive Oil Higher; CEE Inflation Pass-Through Delayed
Rising geopolitical tensions, including US President Trump's threat of fresh strikes on Iran, have pushed oil prices up. Analysts note a delayed pass-through from energy costs to inflation in Central and Eastern Europe.
CryptoQuant Suggests Bitcoin Bottom at $53,600, Demand Drops 652K BTC
CryptoQuant points to $53,600 as a potential Bitcoin bottom at the average realized price, but notes unfavorable conditions including a 652,000 BTC demand drop and 74,000 BTC monthly ETF outflows.
Silver Rises to Near $64 on US-Iran Ceasefire Hopes
Silver (XAG/USD) recovered early losses to trade near $64.10 during early European trading on Thursday, supported by expectations that the US-Iran April ceasefire will hold despite recent attacks.
ECB Rate Decision Approaches as Iran Threatens Strait of Hormuz
Markets await the ECB's expected rate hike amid signals for future policy, while Iran's Revolutionary Guard threatens to close the Strait of Hormuz and targets vessels.
WTI crude rises near $89.50 as US launches new strikes on Iran
West Texas Intermediate crude oil edged higher to around $89.50 during early European trading on Thursday amid renewed US military strikes against Iran.
GBP/USD Targets 1.3400 as Dollar Weakens, Stays Below Weekly High
GBP/USD edged higher on Tuesday, attracting dip-buyers near 1.3385 as the US dollar showed modest weakness, though the pair remains below its weekly high of 1.3425.