Market news
Crypto, stocks, forex and macro, aggregated for traders.
Hungarian Forint Appreciation Prompts Stability Target, ING Says
ING economists note the Hungarian forint has sharply appreciated, with investors treating Hungary as a quasi-eurozone, and policymakers aim to maintain stability around fair value.
Fed Extended Pause Outlook After Strong US Jobs – UOB
UOB's Alvin Liew notes that stronger-than-expected US payrolls and higher oil prices have sharply reduced expectations for Federal Reserve rate cuts.
Bernstein: $2.6B Bitcoin ETF Outflow Does Not Undermine Store-of-Value Thesis
Investment firm Bernstein reports that $2.6 billion in outflows from US spot Bitcoin ETFs since early 2026 and sluggish market action do not invalidate Bitcoin's status as a store of value.
US Stock Indices Rally at Open: Nasdaq Up 1.47%, Dow +0.42%
The three major US indices opened higher, with the Nasdaq Composite leading gains up 1.47%.
Serbia GDP Growth Forecast Revised Up for 2026
Serbia's 2026 GDP growth forecast has been raised to 2.9% year-on-year, driven by strong wage gains and consumption, while the 2027 outlook remains unchanged at 4%.
Euro Under Pressure as German Data Signals Recession – BNY
BNY strategist Bob Savage notes that Euro area Sentix sentiment remains in contraction territory, with Germany still classified as recessionary. German manufacturing orders plunged in April, led by autos and machinery, despite a slight improvement in sales.
Record $65B in Leveraged Asian ETFs, SK Hynix Tracking Anomaly
Leveraged ETFs in South Korea and Taiwan hit a record $65 billion in AUM, up 490% since 2026. A SK Hynix 2x long ETF surged 50% despite a 7.7% drop in the underlying stock, showing a rare tracking divergence.
ECB Expected to Hike, Fed Possibly in July; Trump Urges Iran-Israel Ceasefire
The ECB is anticipated to raise rates this week, while the Fed may follow in July. Meanwhile, Trump's call for a ceasefire between Iran and Israel signals a push for prolonged peace, though the US stance appears untenable.
DXY Supported by Hawkish Fed Repricing and Risk-Off Flows: ING
ING economist Chris Turner notes that the US Dollar Index (DXY) is underpinned by the market repricing of a hawkish Federal Reserve and a risk-off tone in equities ahead of key US CPI and PPI releases.
Israel Halts Iran Strikes at Trump's Request, Threatens Beirut
Israeli officials say strikes against Iran have been paused at President Trump's request, while operations in southern Lebanon continue and Beirut is threatened if attacked.
BBH Flags Downside Risks for Pound as UK GDP Set to Contract
Brown Brothers Harriman analyst Elias Haddad highlights downside risks for the British Pound, citing expectations of a UK GDP contraction in Q2 and market pricing for further BoE rate hikes due to persistent second-round inflation.
Gold Steadies After Hitting Two-and-a-Half-Month Low, Fed Caps Gains
Gold (XAU/USD) recovers slightly on Monday after falling to its lowest since April, supported by Middle East tensions but limited by hawkish Federal Reserve expectations.
Nasdaq 100 Futures Surge Over 1.5% on Iran-Israel De-escalation, Trump Deal Hopes
Nasdaq 100 futures jumped more than 1.5% after Iran announced it is halting military operations against Israel and President Trump said he is working toward a 'final deal' with Iran.
Iran President Prioritizes National Security, Vows Not to Retreat from Threats
Iranian President Masoud Pezeshkian stated that the country's priority is national security and peace, vowing to defend rights with authority while maintaining both diplomatic and defense efforts.
DBS: RBI and Government Coordinate to Attract Foreign Capital, Support Rupee
DBS Group Research notes that the Reserve Bank of India and the government have unveiled coordinated measures aimed at attracting foreign capital and bolstering support for India's external sector.
Euro Bounces from Three-Month Lows as Focus Turns to Middle East
EUR/USD rebounded to 1.1540 after hitting a three-month low of 1.1505, with traders eyeing geopolitical developments in the Middle East.
New Zealand Dollar Rises on Easing Geopolitical Risk, RBNZ Rate Hike Expectations
NZD/USD rebounded from a two-month low to trade around 0.5830, gaining 0.62% on the day, supported by easing geopolitical tensions and expectations of a rate hike by the Reserve Bank of New Zealand.
OpenAI Preps Major ChatGPT Overhaul with AI Agents, Codex, Image Gen
OpenAI is preparing its biggest ChatGPT update since launch, adding AI agents, Codex programming tools, image generation, and third-party services to transform the chatbot into a universal digital assistant.
Iran Halts Military Operations Against Israel; US Stocks Rise
Iran announced a halt to its military operations against Israel after several attacks. The IRGC warned of a stronger response if Israel strikes again, while President Trump called for an immediate ceasefire. US stocks rose on the news.
Iran Ends Military Operations Against Israel, Warns of Harsher Attacks if Israel Resumes on Lebanon
Iran's armed forces have announced an end to military operations against Israel, but warned of harsher attacks if Israel resumes strikes on Lebanon. No confirmation from other media yet.
Societe Generale: US Dollar Rebound Challenges Bears
Societe Generale's Kit Juckes says recent US labor data broke prior FX ranges, challenging expectations for a weaker dollar under President Trump.
Canadian Dollar Underperforms at Start of BoC Policy Week
The Canadian Dollar weakened against major currencies on Monday as traders turned cautious ahead of the Bank of Canada's monetary policy announcement this week.
US Dollar Buoyed by Middle East Tensions, Safe-Haven Flows
The US dollar continues to strengthen as escalating geopolitical risks in the Middle East drive safe-haven demand, alongside an improving US labor market.
Trump: Israel and Iran Seeking Immediate Ceasefire, Final Peace Talks Underway
Former President Trump says both Israel and Iran are pushing for an immediate ceasefire, with final peace negotiations underway. He warns that the blockade will remain in full force until a final deal is reached.