Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
US VP Vance: Iran Agrees to IAEA Inspections as First Step
US Vice President JD Vance announced that Iran has agreed to allow IAEA inspectors back, calling it an initial move toward a broader nuclear settlement.
Brent Crude May Fall to $70 as US Dollar Strengthens on Fed Rate Hike Bets
Bank of America expects the Fed to raise rates three times in 2026, boosting the US dollar and pressuring Brent crude oil prices toward $70.
DBS: Starmer's Resignation Won't Trigger UK Budget Crisis
DBS Group Research economist Philip Wee believes Sir Keir Starmer's resignation and the Labour leadership contest are not a repeat of the 2022 mini-budget crisis, keeping the British Pound stable.
Euro Edges Lower After Weak German PMI Data
EUR/USD slipped from daily gains after Germany's HCOB Purchasing Managers Index data was released, trading around 1.1430 during European hours on Tuesday.
Ethereum Foundation Interim Director Warns Toxic MEV Risks, Encrypted Mempools Not a Panacea
Ethereum Foundation interim executive director Bastian Aue outlined a mandate execution plan, warning that toxic MEV could become the next major front in the cypherpunk war if users rely on a limited set of infrastructure intermediaries.
Italy Issues Red Heatwave Alert for 15 Cities
Italy's health ministry has issued a red alert heatwave warning for 15 cities, including Rome and Milan, effective Tuesday, with an additional city expected to be added on Wednesday.
Fed's Hawkish Tilt, Tech Stocks Slide, UK PM Starmer Resigns
US stock indices fell as tech giants Alphabet, Amazon, and Microsoft dropped sharply amid a hawkish Fed stance, while UK Prime Minister Starmer resigned.
Yen Intervention Risk and Sterling Rally on UK Leadership Hopes
Options market signals growing chance of JPY intervention ahead of US-Japan finance ministers meeting, while sterling gains on hopes of market-friendly UK Chancellor.
USD/JPY Approaches 162.00 as Asian Currencies Weaken – MUFG
MUFG notes that the US dollar is strengthening, pushing USD/JPY toward 162.00 amid orderly weakness in Asian currencies. The Japanese yen’s downside bias persists as the Bank of Japan lags the Federal Reserve.
WTI Slumps Below $73 as US-Iran Peace Talks Continue
West Texas Intermediate crude oil fell below $73 per barrel, reaching its lowest level since early March, as traders monitor ongoing US-Iran peace negotiations.