Market news
Crypto, stocks, forex and macro, aggregated for traders.
Yen Hits 160.50 Low as BoJ's Ueda Hospitalized
The Japanese yen weakened past 160.50 per US dollar on Wednesday, breaching a key level, as the market reacted to news that Bank of Japan Governor Kazuo Ueda has been hospitalized.
Silver Falls 2.11% to $63.99 on Wednesday
Silver prices declined on Wednesday, dropping 2.11% to $63.99 per troy ounce, according to FXStreet data.
Gold Extends Sell-off to 11-Week Lows Ahead of US CPI Data
Gold (XAU/USD) falls to fresh 11-week lows as markets increase bets on a Fed rate hike later this year, dampening demand for the non-yielding metal.
BNY Highlights Sharp Reversal in Canadian Dollar Flows Ahead of BoC Decision
BNY’s Bob Savage notes a sharp reversal in CAD flows ahead of the June Bank of Canada decision, contrasting with April when CAD was generally stronger.
Oil Falls as USD Gains on Middle East Escalation: No Rally Trigger
The US Dollar posted modest gains amid escalating Middle East conflict, while oil prices declined. This behavior reflects a smooth reassessment of monetary policy rather than geopolitical nervousness.
Geopolitical Risks and Hot CPI Data Weigh on Tech Stocks; Diversification Helps
Tech stocks face selling pressure from geopolitical tensions and hot CPI data, but diversification provides some relief. The author will be out of touch until end of June.
EU Unveils 21st Russia Sanctions Package, Targets 11 Crypto Platforms
The European Commission has proposed its 21st sanctions package against Russia, including measures against nearly 90 banks and a first-time targeting of 11 crypto platforms accused of helping circumvent sanctions.
Johnson & Johnson: Wave 4 Correction Nearing Completion
Technical analysis suggests Johnson & Johnson's wave 4 correction may be finishing after an extended wave 3 rally, as discussed with members on November 14, 2025.
WTI Oil Extends Losses to Five Days, Hovers Near Seven-Week Lows Below $87
WTI crude oil traded at $86.60 on Wednesday, extending its losing streak to five consecutive days and holding near seven-week lows below $87, despite ongoing US-Iran tensions.
BOJ Governor Ueda Hospitalized, Set to Miss June Policy Meeting
Bank of Japan Governor Kazuo Ueda has been hospitalized, according to a central bank statement, and is expected to miss the upcoming June monetary policy meeting.
BoC to Hold Policy Rate at 2.25% – Rabobank
Rabobank's Global Strategist Michael Every expects the Bank of Canada to keep its policy rate at 2.25%, in line with Bloomberg consensus and market expectations.
CPI Under Chair Walsh, Strait of Hormuz Tensions, Oracle Earnings in Focus
Today's EU mid-market update highlights the first CPI release under new Chair Walsh, renewed kinetic activity in the Strait of Hormuz, Anthropic's launch of a safe AI model 'Mythos', and Oracle's upcoming earnings report.
Commerzbank: US Tech IPO Inflows Could Boost Dollar
Commerzbank analyst Volkmar Baur suggests that a major US technology IPO could attract significant foreign capital, providing support for the US Dollar.
SpaceX IPO Set for June 12, 2026, Could Be Landmark Event
SpaceX is reportedly planning to go public on June 12, 2026, with the listing expected to be one of the largest in history, potentially surpassing Alibaba and Saudi Aramco.
USD/CAD Risks Grinding Higher After Pullback – BBH
BBH analyst Elias Haddad says USD/CAD pulled back from a six-month high but still faces upside risk as the Bank of Canada holds rates.
Bitcoin Slips Below $62K as Institutional Selling and ETF Outflows Persist
Bitcoin fell to its lowest since September 2024, losing about 14% in a week, as Wintermute analysts attribute the decline to institutional selling and ETF outflows. Experts see no confirmed bottom yet, citing a lack of sustained buyer demand.
MUFG: Japanese Yen CPI Risks Dominate Against US Dollar
Analysts at MUFG note that recent US Dollar resilience and higher US yields are creating a tougher backdrop for FX carry trades, with Japanese CPI data now in focus.
Oil Price Steadies as Markets Eye CPI and SpaceX IPO
Oil prices remain stable despite US-Iran tensions, with Brent crude below $92 as traders await CPI data and news of a potential SpaceX IPO.
Gold Breaks Below 200-Day SMA, Eyes on CPI for Direction
Gold prices have decisively broken below the 200-day SMA, setting up a critical test ahead of the US CPI report. Analysts weigh a potential relief rally to $4,450 or a deeper decline toward $4,200.
RBA Expected to Cut Rates as AUD Slides to 0.7010
Analysts now see the Reserve Bank of Australia's next move as a rate cut, not a hike. The Australian dollar weakened 0.25% against the US dollar in European trade, falling near 0.7010.
AUD/USD Support at 0.7000 Under Pressure: UOB
UOB analysts report that AUD/USD spiked to 0.7071 before sliding to 0.7005 and closing at 0.7027. They note slightly stronger downside momentum but doubt a sustained break below 0.7000 in the very near term.
Gold Breaches 200-Day SMA; US CPI Report Could Decide Next Move
Gold has broken below its 200-day moving average, a bearish technical signal. Traders now await the US CPI report, which could either trigger a rebound toward $4,450 or deepen the decline.
BoC Expected to Hold Rate at 2.25% as Inflation Persists
The Bank of Canada is widely expected to keep its policy rate unchanged at 2.25% on Wednesday, marking the fifth consecutive hold as inflation remains elevated but the economy shows signs of weakening.
DXY Supported Ahead of US May CPI, ING Says
ING’s Chris Turner notes the US Dollar is holding recent gains as markets await the May CPI report, with firm core inflation expected to keep Fed rate hike pricing alive.