Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Kiwi Tests Year-to-Date Lows Near 0.5683
The New Zealand Dollar extended its losing streak for a fifth consecutive session, dipping below 0.5700 and approaching the year-to-date low of 0.5683 amid cautious market sentiment.
Danske Bank: Widening Rate Spreads Pressure EUR/USD
Danske Bank notes that EUR/USD opened the week under pressure as widening interest rate differentials continue to favor the US dollar over the euro.
AUD/USD Extends Losing Streak, Tests Descending Channel Bottom at 0.6950
The Australian dollar weakened for a sixth straight session, with AUD/USD hovering near 0.6960 and testing the lower boundary of a descending channel pattern, suggesting continued bearish pressure.
GBP/USD Bearish Bias Persists as Pair Tests Symmetrical Triangle Breakdown
The British Pound edged lower against major peers during Tuesday's European session but held firm versus Asia-Pacific currencies, with technicals pointing to a continued bearish outlook as the pair probes a symmetrical triangle breakdown zone.
US Crypto Groups Urge Congress to Pass Mining and Staking Tax Bill Without Amendments
The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber have called on the US Congress to pass the Tax Clarity for Mining and Staking Act unchanged, opposing a proposed five-year deferral limit.
Euro Area June Flash PMIs in Focus After US-Iran Deal
Euro area June flash PMI data is set for release, with market participants likely having responded after the US-Iran deal. The impact of lower oil prices may not yet be reflected in activity figures.
Euro declines below 1.1450 on US-Iran peace deal uncertainty
EUR/USD trades with mild losses around 1.1425 during early European session Tuesday as the US Dollar edges higher amid risk-off sentiment and a hawkish Federal Reserve, driven by uncertainty over a US-Iran peace deal.
Apollo Retail Private Credit Fund Sees Redemption Requests Surge to 17%
Redemption requests at Apollo's flagship retail private credit fund rose to 17% of assets in Q2, and investors sought to withdraw nearly $15 billion from nine major private credit funds.
USD/JPY Holds Above 161.50, Eyes Multi-Decade High Despite Intervention Fears
USD/JPY enters a bullish consolidation phase, trading just above 161.50, with traders eyeing multi-decade highs even as intervention fears persist.
India's HSBC Manufacturing PMI Slips to 54.5 in June
India's HSBC Manufacturing PMI eased to 54.5 in June from 55.0 in May, according to the latest data from S&P Global and HSBC Bank.
Indonesian Rupiah Declines as MSCI Downgrade Risks Loom
USD/IDR extends gains for a second consecutive day, trading near 17,900, as MSCI downgrade risks and severe economic headwinds pressure Southeast Asia's largest economy.
Strait of Hormuz Uncertainty Disrupts Global Shipping Operations
Conflicting guidance from Iran, the US, and western insurers over transit through the Strait of Hormuz is creating operational challenges for tanker and commercial shipping firms.
Asian Stocks Slide on Iran Tensions; KOSPI Drops 6%
Asian equity markets fell on Tuesday amid escalating Iran risks, with South Korea's KOSPI tumbling 6%. The decline followed a sharp drop in US technology stocks as investors took profits from the AI-driven rally.
Tesla's EU Market Share Rises to 2.5% in May, BYD at 2.8%
In May, Tesla's market share in the EU, Britain, and EFTA rose to 2.5%, while BYD held 2.8%. The BEV segment accounted for 10.66% of the market, according to the European Automobile Manufacturers Association (ACEA).
AUD/JPY Steadies Below 113.00 as Intervention Fears Loom
The AUD/JPY cross trades around 112.75 during early European hours, with the yen strengthening on intervention concerns. The bias remains mildly bullish despite the losses.
EUR/USD Seen Falling to 1.13-1.12 if Dollar Index Breaks 101.50
The dollar index, holding above 101, may push EUR/USD lower to the 1.13–1.12 range if it clears 101.50, otherwise a reversal is possible.
Silver (XAG/USD) Falls Near $63.00 as Bearish Bias Persists
XAG/USD declined over 3% during Asian hours, trading around $63.20 after a brief gain, maintaining a bearish outlook.
Gold Weakens Below $4,150 on Iran Uncertainty and Fed Hike Bets
Gold (XAU/USD) slipped below $4,150 during Asian trading on Tuesday, reversing previous gains as a bullish US dollar and concerns over Iran tensions and Federal Reserve rate hike expectations weighed on the precious metal.
BAC Hits New All-Time High Above $57.55, Elliott Wave Supports Upside
Bank of America shares surpassed the January 2026 peak at $57.55, confirming a bullish Elliott Wave sequence and signaling further upside potential.
Swiss Franc Holds Losses Below 0.8100 as Firm Fed Rate Hike Bets Weigh
The Swiss Franc remains under pressure near 0.8088 against the US Dollar during Asian trading, as strong expectations for further Fed rate hikes support the greenback.
AUD/USD Extends Losses for Sixth Day Despite Better Aussie PMI
The Australian dollar weakened for a sixth straight session, trading near 0.6980, even as preliminary S&P Global PMI data for Australia came in stronger than expected.
Chinese Chip Exports Surge 111% YoY in May to Record $36B on AI Demand
China's semiconductor exports surged 111% year-on-year in May to a record $36 billion, driven by AI infrastructure spending and global shortages. Computer exports also jumped 66% to $27 billion, together accounting for roughly half of China's trade growth.