Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
DBS: Strong NFP, May CPI Projection to Support USD into June FOMC
DBS Group Research analyst Philip Wee says robust nonfarm payrolls and an expected May CPI jump to 4.2% YoY should keep the US Dollar supported ahead of the June FOMC meeting.
Japanese Yen Extends Losses, Trades at Intervention Zone of 160.30
The Japanese Yen continues to weaken against the US Dollar on Monday, with USD/JPY trading near 160.30, a level that previously triggered intervention by Japanese authorities.
RBI Holds Rate at 5.25%, Flags Inflation Rise – Commerzbank
The Reserve Bank of India kept the repo rate unchanged at 5.25% and maintained a neutral stance, while signaling rising inflation, according to Commerzbank strategists.
US Payrolls Surprise, Tech Jitters, Geopolitical Risks Ahead
Markets start the week digesting a large upside surprise in US payrolls, tech stock jitters, a heavy macro data calendar, and escalating Iran-Israel tensions threatening a fragile ceasefire.
Silver Extends Decline to $66.50, Lowest in Over Two Years
Silver (XAG/USD) fell to near $66.50 during late Asian trading on Monday, its lowest level in over two years, as the sell-off continues. Some market participants are now questioning whether the price could head toward $60.
Eurozone Sentix Investor Confidence Expected to Improve Slightly in June
The June Sentix investor confidence index for the euro area is forecast to rise to -14.6 from -16.4 in May, extending a modest rebound, though sentiment remains depressed amid high inflation and weak growth. Renewed Iran uncertainty and rising Fed rate hike expectations also weigh on the outlook.
Israel-Iran Tensions Escalate, Markets Cautious as Oil and Bond Yields Edge Higher
Geopolitical risks from the Israel-Iran conflict pushed oil prices modestly higher and bond yields up, while equity sentiment remains cautious after Friday's losses.
EUR/USD Rebounds to 1.1550 After Hitting Channel Bottom
EUR/USD recovers from the lower boundary of a descending channel, trading near 1.1530 in Asian hours. Daily chart signals ongoing bearish bias despite the bounce.
NZD/USD Recovers from Two-Month Low, Retakes 0.5800 Amid Bearish Setup
The NZD/USD pair rebounds from a two-month low of 0.5780, reclaiming the 0.5800 level as the US Dollar consolidates in a bullish phase, though the broader bearish setup remains intact.
GBP/USD Holds Below 1.3350 Amid Middle East Turmoil
The British Pound traded with mild losses around 1.3340 during European hours on Monday, pressured by ongoing Middle East tensions and growing expectations of a US rate hike that boosted the dollar.
CEE May Inflation Data and ECB Meeting in Focus This Week
This week, markets are watching the release of detailed May inflation data for several Central and Eastern European countries, along with the ECB meeting. Analysts expect no major surprises as flash estimates already indicated benign price pressures.
Crude Oil Trades Between Missiles and Phone Calls
Crude oil began the week trading on perceived probabilities rather than events, caught between geopolitical tensions and diplomatic efforts.
Indian Rupee Declines on Hawkish Fed Bets, Middle East Tensions
The Indian Rupee opened the week lower against the US Dollar as renewed Middle East conflict and rising expectations of a hawkish Federal Reserve weighed on the currency.
Iran Says Strait of Hormuz to Stay Open, But With Transit Fees
Iran's ambassador to Moscow stated that the Strait of Hormuz will remain open, but Iran and Oman will impose new conditions including a transit fee, according to a Reuters report.
WTI Crude Holds Near $92.00, 200-SMA Key for Bulls
WTI crude oil prices maintain gains near $92.00 as renewed Gulf hostilities dim hopes for a ceasefire, with the 4-hour 200-SMA acting as a critical resistance for bullish traders.
Sirens Sound in Central Israel After Iranian Missile Launch
Sirens are sounding in central Israel as the government urges citizens to seek shelter, citing an Iranian missile attack. Iran has not yet acknowledged the strike.
Indonesian Rupiah Hits Historic Lows as Forex Reserves Plunge
The Indonesian rupiah weakened to an all-time low against the US dollar, reaching 18,210 during Asian trading, as foreign exchange reserves fell sharply.