Market news
Crypto, stocks, forex and macro, aggregated for traders.
Canadian Dollar's Downside Pressure May Ease, Experts Say
Experts suggest the Canadian Dollar's downside pressure may be about to ease, as it hovers near the upper boundaries of its year-to-date range against the US Dollar.
Indian Rupee Rebounds from Record Lows as RBI and Government Act
The Indian Rupee has recovered from its all-time low against the US Dollar, supported by coordinated measures from the Reserve Bank of India and the government to attract foreign capital.
Kalshi Introduces Mandatory Workplace Verification for Traders on High-Risk Markets
Prediction market platform Kalshi now requires traders to verify their workplace when participating in markets deemed high risk for insider trading and manipulation. The company assigns risk ratings to new markets based on factors like corporate events, regulatory constraints, and national security.
BYD Abandons Turkey Factory Plans After Tax Breaks, Sales Collapse
BYD, after benefitting from customs duty exemptions as a designated domestic producer and selling 45,000 vehicles in Turkey in 2025, is now walking away from its commitment to build a factory. Turkish sales have plunged 64% in early 2026, and local rival Togg has overtaken the brand.
BYD Halts $1 Billion Turkey Factory, Prioritizes Hungary
Chinese automaker BYD has quietly halted its planned $1 billion factory in Manisa, Turkey, nearly two years after the signing. A BYD executive confirmed there is no timeline for construction, with the company now focusing on its Hungary plant.
US Dollar Index Faces Selling Pressure Ahead of US CPI Data
The US Dollar Index (DXY) is down 0.1% in European trading on Wednesday as traders await US CPI data. The greenback is under pressure against major peers.
UOB Analysts See Further GBP/USD Downside Risk Toward 1.3240
UOB's Quek Ser Leang and Lee Sue Ann warn of additional downside pressure on GBP/USD following last week's sharp decline, with potential to retest 1.3300 before extending losses toward 1.3240.
Analysts: Europe Underestimating Iran War Energy Shock
Analysts warn that European energy markets, which have remained calm since the outbreak of the war in Iran, may soon face a severe shock that governments are underestimating.
Copper Outlook Mixed as China Trade Data Send Conflicting Signals – ING
ING analysts note that China's copper trade data for May presents a mixed picture, with higher unwrought imports last month but lower year-to-date volumes amid stronger domestic refined production.
Euro Edges Higher but Stays Near Two-Month Lows Ahead of US CPI
The Euro ticks up for a third consecutive day against the US Dollar but remains capped below 1.1575, hovering near two-month lows around 1.1500 as markets await the US CPI release.
S&P 500 and Nasdaq Edge Lower as Tech Swings on AI Sentiment
Deutsche Bank's Jim Reid notes a volatile session for US equities, with a sharp intraday tech sell-off largely reversing by the close. The S&P 500 and Nasdaq finished modestly lower, while semiconductors also saw choppy action.
Oil Falls as Rabobank Flags Hormuz Transit Risks, Hidden Flows
Rabobank strategist Michael Every notes oil prices declined after the US energy secretary reported increased Hormuz transits, possibly involving US Navy crude movements not captured in official data.
Markets Brace for CPI Data as Fed Policy Expectations Build
Traders are awaiting the upcoming US CPI release, which is seen as a key determinant for the Federal Reserve's next policy move. The data will influence expectations for the pace of interest rate adjustments.
EUR/GBP Flatlines Near 0.8625 Ahead of ECB Rate Decision
The EUR/GBP cross is trading flat near 0.8625 in early European trading on Wednesday as traders await the European Central Bank's interest rate decision.
Gold Enters Credibility Test as Inflation Repricing Reaches Inflection Point
Gold faces a key macro event as inflation expectations and interest-rate adjustments reach an inflection point, testing the metal's credibility.
Gold Staggers Near $4,217 as Real Yield Inflection Point Looms Ahead of US CPI
Gold (XAU/USD) staged a modest recovery to $4,216 after printing lows near $4,171 early Wednesday, but the bounce remains shallow and unconvincing amid rising real yields ahead of the US CPI release.
USD/JPY Range-Bound Intraday, Yen Weakens Toward 160.75 – UOB
UOB analysts note USD/JPY is range-bound between 159.90 and 160.40 intraday after a brief spike and reversal, while maintaining a slightly positive multi-day outlook as the yen gradually weakens toward 160.75.
Silver Finds Temporary Support Near $63.50, Downside Risk Persists
Silver (XAG/USD) rebounded to near $65.00 after hitting a two-month low of $63.45, but analysts warn the downside bias remains intact.
Bank Indonesia Hikes 25bp to 5.50% in Surprise Move to Support IDR
Bank Indonesia delivered an off-cycle 25 basis point rate hike to 5.50%, reinforcing its commitment to stabilize the Indonesian rupiah through higher rates and FX measures, according to Commerzbank.
Canadian Dollar Holds Near Lows Ahead of US CPI, BoC Decision
The Canadian Dollar edged up against the US Dollar on Wednesday, with USD/CAD trading near 1.3940 after hitting year-to-date highs at 1.3969. Markets await US CPI data and the Bank of Canada's monetary policy decision.
China’s May inflation data shows steady CPI, rising PPI
China’s May CPI held at 1.2% year-on-year while PPI climbed to 3.9%, confirming a continued reflation trend. Food and property prices are keeping headline inflation subdued for now.
Hyperliquid, Paradigm Respond to US Treasury Stablecoin AML Rule
Hyperliquid Policy Center and Paradigm co-signed a letter responding to the US Treasury's proposed AML rule for stablecoin issuers under the GENIUS Act, expressing general support while recommending clarifications to protect permissionless blockchain infrastructure and DeFi.
GBP/USD Rises to Near 1.3400 Ahead of US CPI Release
The British Pound gained ground against the US Dollar, trading around 1.3390 during early European hours on Wednesday. Markets are turning cautious as the US May Consumer Price Index report is due later today.
USD/CNH Downside Risk Below 6.7500 as Yuan Strengthens
USD/CNH edged lower to near 6.7750 in early European trading Wednesday, pressured by the Chinese yuan’s continued strength supported by a trade surplus. Analysts see further downside potential below the 6.7500 level.