Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Societe Generale: Euro Inflation Scare Questioned, 1.13 Level Eyed
Societe Generale analysts point to softer Eurozone PMI price data and a dovish tone from ECB President Lagarde as key drivers for EUR/USD. They see the 1.13 handle as in focus, with support around 1.1390.
Japanese Yen Edges Higher From Long-Term Lows as Intervention Risk Rises
The Japanese Yen edged up against the US Dollar on Tuesday after trading near 40-year lows, increasing the risk of intervention by Japanese authorities.
Silver Falls to $62.18, Down 4.47%
Silver prices declined on Tuesday, dropping 4.47% to $62.18 per troy ounce from the previous $65.09, according to FXStreet data.
Wealth Preservation Gap: How High-Net-Worth Investors View Gold Differently
As wealth accumulates, the primary financial question shifts from growth to preservation. High-net-worth investors approach gold with a distinct mindset focused on capital protection.
PCE Data May Fuel Bets on Early Fed Rate Hike Under Warsh
Upcoming PCE inflation figures could bolster expectations for an early Federal Reserve rate hike, as new Chair Kevin Warsh conducts his first FOMC meeting on June 16.
ECB's Lane Warns of Persistent Inflationary Pressures in Eurozone
ECB Chief Economist Philip Lane stated that forward-looking signals indicate inflationary pressures in the Eurozone will remain above 2% for an extended period, despite potential peace prospects involving the US.
USD Strengthens on Hawkish Fed, EU PMI Data Awaited
The US dollar continued to rise on expectations of a hawkish Federal Reserve. Market focus shifts to preliminary European PMI figures for June, which could provide support for the euro if they show improved economic activity.
Brent Falls Below $80 as Strait of Hormuz Risk Premium Fades
Oil prices slipped as easing US–Iran tensions reduced the risk premium for Strait of Hormuz transit, according to OCBC's Christopher Wong.
Trump Signs Two Executive Orders on Quantum Leadership
President Donald Trump signed two executive orders on June 22 aimed at strengthening U.S. leadership in the quantum era, with a focus on protecting against advanced cryptographic threats while promoting commercial and scientific innovation.
US Index Futures Slide as Iran Rejects IAEA Inspection Claims
Dow Jones futures fell 0.72% to 51,750 during European hours on Tuesday, while S&P 500 and Nasdaq 100 futures also declined amid reports that Iran denied IAEA inspection allegations.
UK Flash Services PMI Misses Estimates, Falls to 48.7 in June
The preliminary S&P Global Services PMI for the UK arrived at 48.7 in June, below the expected 50.0 and down from 49.3 in May, indicating contraction.
Yen Near 40-Year Lows vs Dollar – Deutsche Bank
The Japanese yen remains under pressure, trading close to 40-year lows against the US dollar, according to Deutsche Bank analysts.
Rabobank Cuts Brent and WTI Price Forecasts Through 2028
Rabobank lowered its Brent crude forecast for Q3 2026 to $79/bbl from $103, and expects Brent to average $74.50 in 2027 and $71 in 2028. WTI estimates were also reduced.
Euro Declines Against Yen as German Manufacturing PMI Flatlines
EUR/JPY fell for a second straight day on Tuesday, dropping to around 184.30 after Germany's HCOB Manufacturing PMI came in unchanged for June. Markets now await Eurozone-wide PMI figures.
Tech-Led Rotation and Volatility in Focus – Danske Bank
Global equities advanced but with high dispersion; US consumer and communication services under pressure while most S&P 500 sectors and small caps performed better, according to Danske Bank.
USD/JPY Has Scope to Revisit 2024 Low – UOB
UOB analysts note sharp intraday swings in USD/JPY after the pair spiked to 161.92, and see scope for a revisit of the 2024 low against the US dollar.