Market news
Crypto, stocks, forex and macro, aggregated for traders.
Air Raid Sirens Sound in Kuwait Amid Reports of Interceptor Activity
Air raid sirens have reportedly been activated across parts of Kuwait, with local sources attributing explosion sounds to air-defense interceptor missile activity.
Missing Funds Reports Pressure Iran’s Banking System
Reports of unexplained losses from customer accounts at major Iranian banks, including Bank Melli Iran and Bank Sepah, are raising concerns about confidence in Iran’s financial system.
US Petroleum Inventories Drop to 2004 Low on Export Surge
Total US crude and petroleum product inventories fell 10.6 million barrels last week to the lowest level since 2004, driven by a record drop in commercial stocks and surging exports to Asia and Europe, according to EIA data.
Nasdaq 100 Posts 7 Red Hourly Candles in Straight-Line Drop
All seven hourly candlesticks on today's Nasdaq 100 chart closed red, marking a straight-line decline for tech stocks and the largest drop since 'Liberation Day.'
UOB: BSP Tightening Path Supports Philippine Peso
UOB economists note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted toward further tightening and supporting the peso.
Hunter Biden: Fiat Is a Sham, Crypto Is Inevitable Future
Hunter Biden, son of former US President Joe Biden, stated that fiat currency is a sham and the banking class is corrupt, calling decentralized digital currency and blockchain the inevitable future.
NZD/USD Hits Two-Month Low After Strong US Jobs Report
The New Zealand Dollar dropped to its lowest level in two months against the US dollar following a better-than-expected US Nonfarm Payrolls report, with the pair falling toward the 0.5790 region.
USD/KRW Breaks Above 1530 as Semiconductor Weakness Weighs on Won
DBS Group Research notes that USD/KRW has surpassed 1530, pressured by declining semiconductor stocks. The South Korean Won faces headwinds from sector weakness.
Silver Crashes Toward 200-Day SMA After Strong US Jobs Data
Silver prices plummeted nearly 8% and are on track for a 10% weekly loss as a robust US Nonfarm Payrolls report boosted the dollar, pushing XAG toward the $61.00 target.
BSP Seen Hawkish as Standard Chartered Drops Off-Cycle Hike View
Standard Chartered economists have revised their Bangko Sentral ng Pilipinas (BSP) rate path, removing the expectation of a 50bp off-cycle hike before June 18 while maintaining a hawkish inflation stance.
Rupiah at record lows as Bank Indonesia widens mandate, DBS says
DBS Group Research economist Radhika Rao warns that Indonesia's onshore markets are under pressure, with the rupiah hitting record lows and equities nearing six-year lows as Bank Indonesia's mandate expands.
US Dollar Ends Week Higher After Strong NFP
The US Dollar rallied on Friday after the May Nonfarm Payrolls report showed 172K jobs added, far exceeding the 85K consensus, boosting expectations of a Federal Reserve rate hike.
Peru Power Grid Cost Surge Threatens 15% of Global Silver Supply
A pipeline rupture, emergency funding for Petroperú, and Strait of Hormuz pressures have spiked energy costs in Peru, endangering approximately 15% of global silver mine output.
Nasdaq 100 Plunges 4.5%, On Track for Biggest Single-Day Loss of 2026
The Nasdaq 100 is falling in a straight line, down 4.5% and heading for its largest daily decline of 2026.
War Brings Volatility to Agricultural Markets, Screw Worm Pest Adds Risk
Geopolitical conflict introduces uncertainty to commodity sectors, with agricultural markets facing additional pressure from a screw worm infestation.
NASDAQ 100 Set for Worst Day Since Trump Tariffs
The NASDAQ 100 index is on track for its steepest daily decline since the April 2025 tariff announcement by US President Donald Trump, erasing a strong two-month rally.
Meta shares fall 7% after FT reports possible stock offering
Meta stock extended losses to 7% on the day after the Financial Times reported the company is considering a stock offering to raise capital, erasing $115 billion in market cap.
UOB: Thai BoT Likely to Hold Rates as Inflation Remains Supply-Led
UOB Global Economics & Markets Research expects the Bank of Thailand to maintain its policy rate, citing Thailand's latest CPI data which points to cost-push rather than demand-driven inflation.
CryptoQuant CEO: Bitcoin Would Be Near $22K Without Saylor, ETF Absorption
CryptoQuant CEO Ki Young Ju stated that Bitcoin could be trading around $22,000 if not for the absorption of 1.24 million BTC by Michael Saylor and spot ETFs over the past two years.
Iran Conflict Inflation Drives CPI to 4.2% YoY in May, Three-Year High
The Consumer Price Index is estimated to have risen 0.52% in May, pushing the annual rate to 4.2% — the highest in three years — as the inflationary effects of the Iran conflict continue to impact consumer prices.
Meta reportedly considering tens of billions in stock offering after Google's record raise
Meta is reportedly planning to raise tens of billions of dollars through a stock offering, following Google's record $85 billion equity raise this week, according to the Financial Times.
NZD/USD Slips to Fresh Lows After Strong US Jobs Data
The New Zealand Dollar is heading for a weekly loss of nearly 3% as robust US payrolls data boosts the US Dollar. NZD/USD fell to its lowest since April, trading around 0.5800.
US Yields Surge After Strong NFP Data Fuels Rate Hike Bets
US Treasury yields soared on Friday, with the 2-year note rising over 12 basis points and the 10-year surging 6 bps, following an outstanding Nonfarm Payrolls report that strengthened expectations for Fed rate hikes.
US Financial Conditions Index Falls to -1.75, Lowest in 2.5 Years
The US Financial Conditions Index has dropped to -1.75, the lowest level in at least two and a half years, driven by equity gains and tighter credit spreads. Conditions have eased 0.80 points since March 2025 despite the market pricing in roughly 20 basis points of Fed rate hikes by December 2026.