Market news
Crypto, stocks, forex and macro, aggregated for traders.
Spot BTC and ETH ETFs Log Outflows; XRP and HYPE See Inflows
Last week, spot Bitcoin and Ethereum ETFs recorded net outflows of $1.72B and $168.22M respectively, while XRP and HYPE ETFs saw net inflows.
USD/JPY Rebound Supported by Yield Spread – SocGen
Analysts at Societe Generale note that USD/JPY has rebounded after defending a multi-month ascending trend line around 155.50-155.00 and is now challenging the April high, with support at 159.20.
IRGC retaliates, attacks petrochemical site in Haifa
Iran's Revolutionary Guards Corps confirmed attacking a petrochemical site in northern Israeli city of Haifa, retaliating for a similar Israeli attack on a plant in Iran, according to Fars news agency.
RBI Holds Repo Rate, Giving Indian Rupee a Temporary Boost
The Indian Rupee gained after the Reserve Bank of India unanimously decided to keep the benchmark repo rate unchanged at its latest monetary policy meeting, but analysts warn the relief may be short-lived.
USD Net Long Futures Positioning More Than Quadrupled: Rabobank
Rabobank strategists note that USD net long futures positioning has more than quadrupled, indicating resilient support for the dollar.
EUR/USD starts week at April lows after US jobs data
EUR/USD opened the new week at 1.1520, near April lows, after the US dollar rallied on a stronger-than-expected May jobs report.
Silver price extends losses near $67.00 as Middle East tensions rise
Silver (XAG/USD) fell for a second straight session, trading around $67.00 per troy ounce amid escalating geopolitical tensions in the Middle East.
Warsh's First Fed Meeting Raises Independence Concerns
DBS analyst notes Kevin Warsh's debut as Fed Chair will test perceptions of central bank independence as he balances Trump's rate cut demands with a data-dependent stance.
ECB Expected to Deliver 25bp Hike on Thursday, Commerzbank Says
Commerzbank strategist Rainer Guntermann says a 25 basis point rate hike by the European Central Bank on Thursday is almost certain and fully priced, which would be the first increase since September 2023. He does not expect a follow-up move in July, viewing that as premature, but anticipates another hike later in the year, with cuts expected in 2024.
WTI Oil Spikes Above $92 as Middle East Tensions Escalate
WTI crude surged more than $4 on Monday to trade near $92.50 as escalating tensions between Israel and Iran threaten a fragile cease-fire.
Iran Calls Attack Defensive, Blames US for Israeli Actions
Iranian official Baghaei described the country's recent attack as a defensive measure under Article 51 of the UN Charter and accused the United States of direct responsibility for Israeli actions that threaten regional peace.
Iran Casts Doubt on US Ignorance of Israeli Military Actions
Iran's Foreign Ministry spokesman questioned US claims of unawareness regarding Israeli military operations, suggesting either Israel misled Washington or the two allies coordinated.
Hawkish ECB May Not Halt EUR/USD Downside – ING
ING’s Chris Turner notes that EUR/USD was hit hard by a surging dollar, and a hawkish ECB delivering a 25bp hike may not stop the downside pressure.
Dow Jones Futures Fall 0.33% on Middle East Tensions; S&P 500, Nasdaq Rise
Dow Jones futures declined 0.33% during European trading on Monday as renewed Middle East tensions weighed on market sentiment, while S&P 500 and Nasdaq 100 futures posted gains.
GBP/JPY Holds Above One-Week Low as Intervention Risks Cap Gains
The British pound staged a modest recovery against the Japanese yen on Monday, holding above a one-week low near 213.30, but potential intervention risks are limiting further upside.
RBI Holds Rate at 5.25%, Unveils Capital Flow Measures to Support Rupee
India's central bank kept its policy rate unchanged at 5.25% and announced new capital flow measures, including concessional FX swaps and tax breaks for foreign investors in government securities, providing near-term support for the rupee.
Iran Accuses U.S. of Violating Ceasefire in Region
Iran's foreign ministry spokesperson Esmail Baghaei blamed the United States for recent ceasefire breaches, linking U.S. actions to those of Israel in the region.
Iranian Official Blames US, Israel for Nuclear Dossier Tensions
Iranian representative Baghaei criticized IAEA Director General Rafael Grossi for a 'political and irresponsible' approach to Iran's nuclear file, and attributed the current state of the dossier to the United States and Israel.
Iran Says Will Continue Deterrent Measures as Long as Needed
Iran's foreign ministry spokesman stated that the country's armed forces will maintain deterrent measures indefinitely, and warned that diplomacy cannot proceed if the US or Israel violate ceasefire understandings in Lebanon.
Lubin: Ethereum Foundation Reorganization Not a Crisis, Reflects Focus on Core Tech
Ethereum co-founder Joseph Lubin said the Ethereum Foundation's current reorganization, including budget cuts and personnel changes, is not a sign of crisis but a strategic refocus on core technology and network values.
AUD/USD Hits 8-Week Low on Hawkish Fed Bets
The Australian Dollar weakened against the US Dollar as traders increased expectations of further Fed rate hikes, pushing AUD/USD to a near eight-week low.
Oil Underperforms Historical Shocks Despite 14% Supply Loss – SocGen
Societe Generale analysts say oil prices have underperformed relative to past supply disruptions, even as global crude supply has dropped by 14%, suggesting a tighter market balance that is not fully reflected in the current muted price spike.
USD/CAD Strengthens to Near 1.3950 Despite Overbought RSI
USD/CAD trades around 1.3945, hitting its highest since April 3, as the US Dollar gains on heightened Middle East tensions.
Gold: Avalanche Passed but Rubble Moving, Trapped in Trader Regime
Gold remains in a trader-driven regime as yields, oil, liquidity, and positioning drive short-term moves, while long-term debasement and reserve diversification narratives take a back seat.