Market news
Crypto, stocks, forex and macro, aggregated for traders.
US House Committee Circulates 7 Draft Bills on Crypto Tax Rules
The US House Ways and Means Committee has circulated seven draft bills on digital asset taxation, including proposals for tax relief on mining and staking, as well as a de minimis exemption for small crypto transactions.
AUD/USD Flat Around Mid-0.7000s, Vulnerable Below 100-Day SMA
The AUD/USD pair attracts some buyers after hitting a nearly two-month low near 0.7025, but remains flat around the mid-0.7000s and appears vulnerable below the 100-day SMA.
US Dollar Index Holds Steady Near 100.00 on Middle East Tensions, Fed Hike Bets
The US Dollar Index (DXY) trades near 100.10 during Asian hours, supported by heightened Middle East tensions and increased expectations for further Federal Reserve rate hikes.
Silver Price Drops to Near $67.70 on Middle East Tensions
Silver (XAG/USD) declined for a second consecutive day, trading near $67.70 per troy ounce during Asian hours, as escalating Middle East tensions boosted oil prices and reignited inflation and interest-rate worries.
Peter Schiff Rejects Jamie Dimon's Call for Crypto Bank-Level Regulation
Peter Schiff pushes back on Jamie Dimon's proposal to subject crypto firms to the same capital and compliance standards as banks, arguing that stablecoin issuers do not engage in risky lending like FDIC-insured institutions.
Canadian Dollar Hits Fresh Low Since Late March Despite Oil Rally
USD/CAD touched a new high since late March during Asian trading on Monday, as the Canadian dollar weakened even as oil prices rallied.
Israeli Air Force Strikes Military Targets in Western and Central Iran
The Israel Defense Forces confirmed airstrikes on military targets in Iran in retaliation for Iranian missile attacks on northern Israel, according to BBC.
EUR/USD Breaks Below Contracting Triangle, Bearish Signs
EUR/USD slipped below a contracting triangle pattern with support at 1.1595 on the 4-hour chart, showing bearish signals as it trades under the 100- and 200-period simple moving averages.
NZD/USD rebounds to near 0.5800 as risk aversion eases
The New Zealand Dollar recovers from previous losses, trading around 0.5810 during Asian hours on Monday, as the US Dollar softens amid easing risk aversion after Trump criticized Israeli strikes.
EUR/USD Rises Above 1.1500 on ECB Rate Hike Expectations
The euro edged higher past 1.1500 early Monday, supported by bets on further ECB rate hikes, but gains may be limited by escalating Middle East tensions.
PBOC Sets USD/CNY Fix at 6.8198, Weaker vs. Previous 6.8157
The People’s Bank of China set the USD/CNY central parity rate at 6.8198 on Monday, weaker than Friday's fix of 6.8157.
GBP/USD Edges Higher from Three-Week Low as Dollar Rally Pauses
The British pound recovered slightly from a three-week low against the US dollar on Monday, climbing into the mid-1.3300s as the dollar rally took a breather.
WTI Holds Gains Near $90.50 as Iran Launches Missiles Toward Israel
West Texas Intermediate oil prices opened with a bullish gap but edged lower, trading around $90.50 in Asian hours following Iran's missile launch toward Israel.
OPEC+ Agrees 188,000 bpd Output Hike for July
OPEC+ has agreed to a production increase of 188,000 barrels per day in July, the fourth consecutive monthly quota hike, despite ongoing disruptions to a key oil shipping strait.
USD/JPY Holds Above 160.00 After Japan Q1 GDP Data
USD/JPY trades near 160.30 during Asian hours Monday, holding above the key 160.00 level after Japan's Q1 GDP data. Market participants remain alert to potential government intervention.
Nvidia CEO Confirms SK Hynix as Largest Partner Under Multi-Year Deal
Nvidia CEO Jensen Huang confirmed that SK Hynix will continue as Nvidia's largest partner under a multi-year deal with extension options, with annual procurement already in the billions and expected to grow.
SK Telecom Plans Gigawatt-Scale AI Cloud in South Korea Using Nvidia Technology
SK Telecom announces plans to build a gigawatt-scale AI cloud infrastructure in South Korea utilizing Nvidia technology, with the first AI factory expected online by 2027 as part of a broader Nvidia-SK Group expansion.
Trump Urges Netanyahu to Delay Response to Missile Attack, Netanyahu 'Kind of Agreed'
A US official revealed that Donald Trump asked Israeli Prime Minister Benjamin Netanyahu not to retaliate immediately after a missile attack, but to wait a few days for negotiations. Netanyahu reportedly gave a conditional agreement.
Doosan Expects to Supply Equipment for NVIDIA AI Factories, Robotics in Talks
South Korea's Doosan Group expects its gas turbines, small modular reactors, hydrogen fuel cells, and industrial equipment to support NVIDIA's AI factories. Additionally, Doosan Robotics is in talks with NVIDIA to develop AI-driven robotics using NVIDIA's physical AI technology.
Doosan Expands Cooperation with Nvidia Across Energy, Electronics, Robotics
Doosan announced it is expanding its collaboration with Nvidia, aiming to integrate its products and manufacturing capabilities with Nvidia's AI factory platforms across energy, electronic materials, and robotics.
SK Telecom Plans Gigawatt-Scale AI Cloud in South Korea Using NVIDIA Technology
SK Telecom announces a gigawatt-scale AI cloud project in South Korea, leveraging NVIDIA technology, with the first AI factory expected online by 2027 as part of a broader NVIDIA-SK Group AI infrastructure expansion.
Zelensky Aligns with Starmer on Energy, Air Defence Ahead of Summits
Ukrainian President Zelensky is aligning with UK PM Starmer to prioritize energy infrastructure protection, winter preparedness, and additional air defence missiles at upcoming G7, NATO, and Coalition of the Willing meetings.
AUD/USD Falls to 0.7035 on Middle East Tensions, Strong US Jobs Data
The AUD/USD pair weakened to near 0.7035 in early Asian trading as escalating Middle East tensions and a stronger-than-expected US jobs report boosted demand for the US dollar.
Trump to Ask Netanyahu Not to Strike Back at Iran After Missile Attack
US President Donald Trump stated he will urge Israeli Prime Minister Benjamin Netanyahu to refrain from retaliatory strikes following Iran's missile barrage on Israeli targets, which was itself a response to an attack near Beirut.