Market news
Crypto, stocks, forex and macro, aggregated for traders.
Crypto Roundup: Michael Saylor Business Model, Anthropic Models, EU Sanctions, and More
A summary of today's crypto news covering MicroStrategy's business model scrutiny, Anthropic's new AI models, Kalshi's insider trading crackdown, Russia's crypto tax bill, SpaceX IPO demand, Wintermute on weak Bitcoin inflows, Botanix L2 shutdown, EU sanctions on exchanges, Curve LlamaLend v2, and a quantum-resistant communication test.
Trump: 'I Love the Inflation' as CPI Rises to 4.2%; US Seizes Iranian Oil
President Trump commented on the latest US CPI reading of 4.2%, saying he loves the inflation, while also announcing the seizure of 22 Iranian oil ships.
Bank of Canada Holds Rate at 2.25%, Macklem Signals Patience
The Bank of Canada kept its policy rate unchanged at 2.25% on Wednesday, in line with expectations, with Governor Tiff Macklem signaling a patient approach to future moves.
Iran President Calls Trump's Infrastructure Threats a Sign of Desperation
Iranian President Pezeshkian responded to President Trump's threats to target Iranian infrastructure, calling the threats a sign of desperation and vowing national unity against any pressure.
Iran President: Threats to Infrastructure Show Desperation
Iran's president stated that targeting critical infrastructure is a sign of desperation, not strength, and that Iran will resist any pressure or threat.
Dow Jones Falls 1.2% as Ceasefire Optimism Fades
The Dow Jones Industrial Average dropped nearly 600 points on Wednesday, settling just under 50,250 after hitting session lows.
Bank of Canada Holds Rates Steady, Canadian Dollar Recovers from Intraday Lows
The Bank of Canada kept interest rates unchanged, causing the Canadian Dollar to pare losses against the US Dollar. USD/CAD traded around 1.3925 after recovering from an intraday low.
WTI Crude Oil Rises 2.33% as Trump Warns Iran, EIA Reports Draw
West Texas Intermediate crude oil climbed around 2.33% to $89.40 on Wednesday, supported by geopolitical tensions after President Trump's warning to Iran and a larger-than-expected US crude stock draw reported by the EIA.
CENTCOM Disables 8 Vessels, Redirects 134 Since April 13 Blockade
US Central Command reported disabling eight non-compliant vessels, redirecting 134 compliant ships, and allowing 42 humanitarian aid vessels to pass since initiating a blockade on April 13.
US Central Command Disables Palau-Flagged Tanker in Gulf of Oman
US Central Command (CENTCOM) disabled the Palau-flagged M/T Settebello in the Gulf of Oman after the crew failed to comply with directions from American forces. Precision munitions were fired into the ship's engine room.
U.S. Forces Disable Second Oil Tanker in Gulf of Oman Amid Iran Blockade
For the second consecutive day, U.S. forces disabled an oil tanker in the Gulf of Oman after it attempted to transport oil from Iran in violation of the ongoing blockade.
Gold Extends Decline to Ten-Week Low, Breaks Below Bear Channel Support
Gold prices fell to their lowest in ten weeks, accelerating after breaking below the lower boundary of a bear channel that had contained previous declines.
Selling Slows but Inflation Data Offers Little Comfort
Tuesday's volatility and disappointing inflation figures have left investors jaded, according to Chris Beauchamp, Chief Market Analyst at an online trading platform. Selling pressure persists but at a reduced pace.
US May CPI: Headline 4.2% Hot, Core 0.2% Misses Consensus
US headline CPI rose to 4.2% year-over-year in May, the highest since April 2023, while core CPI rose just 0.2% month-over-month, below the 0.3% consensus.
Airbus Wins EUR 345M Contract for Copernicus Sentinel-1 NG Radar Instruments
Airbus SE has been awarded a €345 million contract by Thales Alenia Space to provide radar instruments for the Copernicus Sentinel-1 NG mission, with first launch expected in 2034.
Trump Says US Military Will 'Hit Iran Hard,' Stocks Fall
President Trump announced that the US military will conduct a significant strike against Iran, causing the US stock market to hit a new intraday low.
British Pound Hovers Near 1.3400 as Hot US CPI Weighs on USD
GBP/USD traded near 1.3400 on Wednesday after rising over 0.19% as US CPI matched estimates but hit a three-year high, weighing on the dollar.
Silver Falls Toward Two-Month Low as Fed Hike Bets Pressure XAG/USD
Silver (XAG/USD) dropped to around $64.70, down 1.02%, approaching a two-month low amid rising expectations of further Federal Reserve rate hikes.
Anthropic Releases Claude Fable 5 and Claude Mythos 5
Anthropic has released two new versions of its Claude model family: Fable 5, a safe public model, and Claude Mythos 5, a private version with relaxed restrictions for trusted partners. The public model uses safety classifiers to redirect sensitive queries to Claude Opus 4.8.
AUD/USD Extends Losses Near 0.7020 on US Inflation, RBA Cut Bets
The Australian Dollar weakened for a fourth consecutive session as US inflation data reinforced expectations of sustained high Fed rates and NAB forecast further RBA rate cuts.
Nasdaq 100 Falls 1.8% in 40 Minutes, Nears Correction Territory
The Nasdaq 100 dropped 1.8% in 40 minutes to its session low, now just 3% away from entering correction territory.
Denmark Core Inflation Hits 2.1% in May, Headline Below Euro Area
Danish consumer prices rose 1.9% year-over-year in May, while core inflation climbed to 2.1% — its highest since early 2024 — driven by hotel and travel costs.
Trump Urges Congress to Extend FISA 702 Law Temporarily
President Trump called on Congress to pass a short-term extension of FISA Section 702, warning the law will expire this week and citing its importance for military and public safety during World Cup and America250 celebrations.
Scotiabank: JPY Bearish vs USD as BoJ Hike Already Priced
Scotiabank analysts note the Japanese Yen is underperforming despite strong PPI data, as markets have fully priced a 25 bps BoJ rate hike next week and another subsequent hike.