Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
SGD NEER to Trade 1.5-2% Above Midpoint: OCBC
OCBC FX strategist Sim Moh Siong expects the Singapore Dollar's nominal effective exchange rate to trade 1.5–2% above its midpoint, supported by de-dollarisation and safe-haven flows, though reduced carry may limit upside.
Nordea: Chinese Yuan Set for Gradual Appreciation vs Dollar
Nordea's Kristian Nummelin expects the Chinese yuan to gradually appreciate against the U.S. dollar, noting it has been the best-performing Asian currency this year, gaining against both the dollar and the euro despite widening U.S.-China yield spreads.
Gold Plunges as US NFP Blowout Pushes DXY Above 100
Gold (XAU/USD) tumbled during the North American session on Friday after the US Nonfarm Payrolls report far exceeded expectations, with the prior three months revised upward, boosting the dollar and raising the odds of further Fed tightening.
Zcash Plunges 48% After Fixing Critical Vulnerability
Zcash (ZEC) tumbled 48% following the resolution of a critical vulnerability in its network.
KRW and IDR Face Pressure Despite Softer Oil Prices - OCBC
OCBC's FX strategist Sim Moh Siong notes that softer oil prices offer only limited relief to Asian FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy uncertainties.
NFP Surge Crushes Dollar Bears, DXY Rally Hinges on Sustained Momentum
May payrolls beat weak consensus estimates, sparking a sharp dollar rally. The move's durability now depends on follow-through.
US Dollar Hits Two-Month Highs After Strong NFP Data
The US Dollar had a promising week, rising nearly every day and hitting new two-month highs after Friday's strong Nonfarm Payrolls report, pushing the DXY index near the 100.00 level.
UOB: Thailand CPI Shows Cost-Push Pressures, No Overheating
UOB economists note that Thailand's May CPI eased slightly but remains near the top of the BoT's target range, with core inflation subdued. Price gains are driven by fuel, transport, and prepared food, not broad demand.
Dow Jones Drops as Strong Economy Data Revives 'Good News Is Bad News' Reflex
The Dow Jones Industrial Average fell on Friday as strong economic data revived the old market reflex that good news for the economy is bad news for stocks.
Bitcoin Drops Below $60K as Leveraged Position Liquidations Top $1.5B
Bitcoin fell under the $60,000 mark amid mounting selling pressure. Total liquidations of leveraged crypto positions have surged to $1.5 billion in the past 24 hours.
USD/CAD Rises as US NFP Beats Forecasts, Offsetting Canadian Jobs Data
The USD/CAD pair rose to near 1.3930 on Friday as stronger-than-expected US Nonfarm Payrolls data boosted the US dollar, outweighing support from solid Canadian employment figures.
Anthropic: AI Writes Over 80% of Its Product Code, Signals Self-Improvement
Anthropic's internal data shows that Claude, its AI model, now writes over 80% of the code for current products, with code volume per engineer growing eightfold in Q2 2025. The company sees signs of approaching recursive self-improvement, though it says the point of no return has not yet been reached.
Swiss Franc Weakens After Stronger US Jobs Data
The Swiss Franc declined against the US Dollar on Friday following a stronger-than-expected US Nonfarm Payrolls report. USD/CHF rose to a two-month high near 0.7955.
Wage Gains Bolster Case for BOJ June Hike – Deutsche Bank
Deutsche Bank analysts note that rising Japanese wages and resilient household spending strengthen the case for Bank of Japan tightening, with futures pricing a high probability of a June rate hike.
Bessent: Iran’s Economy Floundering, Military Decimated; Treasury to Cut Shadow Networks
Treasury Secretary Bessent stated that Iran’s economy is floundering and its military decimated, and that the Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.
Indonesia Rupiah and Korean Won Under Renewed Pressure – BNY
BNY’s Bob Savage highlights renewed stress in emerging Asian FX, with Indonesia’s rupiah weakening past 18,000 and the Korean won under pressure despite a strong current account.
Trump Annoyed Stocks Not Rallying After Strong NFP
US President Donald Trump expressed annoyance that the stock market did not rally following a stronger-than-expected May Nonfarm Payrolls report.
GBP/USD Breaks Below 1.3400 After Strong US NFP
The British pound fell below 1.3400 against the dollar after a better-than-expected US Nonfarm Payrolls report boosted the greenback. The data suggests the US economy may be running hot, reducing the case for Federal Reserve rate cuts.
RBI Holds Repo Rate at 5.25%, Supports INR Outlook: Societe Generale
Societe Generale analysts say the RBI's decision to keep the repo rate unchanged at 5.25% with a neutral stance supports the INR outlook, despite a cut in GDP growth forecast and an upward revision to CPI inflation.
Fed's Hammack Says Holding Rates Steady Remains Reasonable
Cleveland Fed President Beth Hammack stated on Friday that keeping interest rates steady is reasonable for now, but warned that persistent economic trends may soon require action.