Market news
Crypto, stocks, forex and macro, aggregated for traders.
Hotter US Inflation Data Could Strengthen Fed Rate Hike Bets
Escalating Middle East tensions and a positive oil price start to the week revive inflation fears, reinforcing expectations that the Fed may need to raise rates further.
Silver Holds Steady Near $68.23 as Price Moves Little Changed
Silver prices (XAG/USD) traded at $68.23 per troy ounce on Tuesday, virtually unchanged from the previous day, according to FXStreet data.
Top Crypto Firms Urge US Congress to Include Developer Protections in Clarity Act
A coalition of major crypto companies, including a16z, Coinbase, Uniswap, and Solana, has sent a joint letter to US Congress calling for legal protections for developers in the Crypto Clarity Act.
Yen Steadies Near Lows as Ceasefire and Intervention Risks Balance
USD/JPY holds around 160.15, near its highest since April 30, as ceasefire hopes and Japan intervention threats offset each other.
OCBC: Dollar Rangebound with Upside Risks, No Fed Easing Through 2026
OCBC's FX strategist Sim Moh Siong says the US Dollar is consolidating after payroll-driven gains, with the bank now expecting no Fed rate cuts through 2026 and elevated 10-year yields.
EUR/USD Downtrend Targets Lower Support Levels: UOB
UOB analysts note short-term consolidation between 1.1505 and 1.1555 after last week's sharp decline, with the downtrend aiming for lower supports.
Deutsche Bank: Tech Rebounds but Breadth Remains Weak
Deutsche Bank strategists note US equities stabilized after Friday's slump, led by the NASDAQ and semiconductor stocks, but overall market breadth remains weak.
Canadian Dollar Rebounds, USD/CAD Halts Winning Streak
The Canadian dollar strengthened against the US dollar on Monday, pulling back from two-month highs as USD/CAD halted its four-day winning streak and traded around 1.3940 during European hours.
Swiss Franc Weakens Against Euro on Softer Rate Outlook – ING
The Swiss Franc has weakened against the Euro, with EUR/CHF drifting back to 0.92, as Swiss rates lag behind global movements and markets price in three ECB rate hikes over the next 10-12 months, according to ING's Chris Turner.
WTI slides to near $88 as Trump signals Iran deal progress
West Texas Intermediate crude oil fell 1.8% to around $88.10 during European trading, extending a drop of over 6% from Monday's high, as former President Trump hinted at a potential deal with Iran.
Dollar Holds Steering Wheel but Grip Weakens
The U.S. dollar remains the dominant force in FX markets, but its grip appears to be loosening today as traders await clearer signals. The author notes a lack of conviction after last week's rally.
Israel issues evacuation order for Lebanese city of Tyre
The Israeli army's Arabic-language spokesperson warned residents of Tyre, Lebanon to evacuate immediately ahead of military action.
USD/CHF Stalls Below 0.8000 as Bullish Momentum Persists
The USD/CHF pair is trading marginally lower on Tuesday but remains near two-month highs, with bulls unable to breach the 0.8000 psychological resistance. Downside attempts are contained above 0.7965, suggesting the bullish bias remains intact.
Silver Holds Above $68.50 Despite Persistent Bearish Bias
Silver (XAG/USD) extended gains for a second day, trading near $68.60, but remains below key moving averages, keeping near-term bias bearish.
Apple Unveils Siri AI at WWDC 2026, Launching Later This Year
Apple announced a new Siri AI assistant powered by Apple Intelligence at WWDC 2026. The English-language version will launch later in 2026, with features including personal context understanding, on-screen awareness, and real-time internet access.
Dow Futures Dip, S&P 500 and Nasdaq Rise Amid Cautious Mood
Dow Jones futures eased 0.02% during European hours Tuesday, while S&P 500 futures gained 0.21% and Nasdaq 100 futures rose 0.51%, reflecting a cautious market mood ahead of the US open.
UOB: AUD/USD Faces Gradual Downside Toward 0.7000
UOB analysts Quek Ser Leang and Lee Sue Ann expect AUD/USD to remain under pressure, targeting a gradual decline toward 0.7000. They see intraday stabilization between 0.7015 and 0.7065.
BoJ Signals Possible Intervention as USD/JPY Rises
The Bank of Japan is monitoring the yen's weakness and has reiterated its readiness to intervene to prevent further depreciation, while USD/JPY continues to rise.
GBP/JPY Rises to 214.00 but Remains Vulnerable
The British Pound posted moderate gains against the Japanese Yen on Tuesday, reaching 214.00, supported by improved risk sentiment, though analysts warn the pair remains fragile.
DXY Forecast: 20-Day EMA Holds Bullish Despite Minor USD Weakness
The US Dollar Index saw slight selling in European trading on Tuesday as renewed hopes for a US-led deal emerged, but the rising 20-day exponential moving average keeps the near-term bias bullish.
Gold Weakens After Hawkish Fed Repricing – OCBC
Gold has fallen below its 200-day moving average as the market reprices a more hawkish Federal Reserve, according to OCBC. Oil-led inflation concerns are also weighing on the metal.
German Industrial Production Rises for First Time Since Iran War Began
German industrial production posted its first increase since the onset of the Iran war, signaling resilience in Europe's largest economy amid high energy costs, according to a Bloomberg report on Tuesday.
China’s AI Investment Surge Drives 92% Jump in Integrated Circuit Exports
Global AI investment plays to China’s manufacturing strengths, with Chinese firms leading in printed circuit boards, optical components, and memory chips. Integrated circuit exports have grown over 20% annually for 13 consecutive months and surged 92% in April alone.
China's High-Tech Exports Surge on AI and Green Energy Demand
China's export sector remains robust, with high-tech products like AI hardware and green energy tech driving growth despite global uncertainty, according to the China Chamber of Commerce.