Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Paris Startup C12 Unveils Pick & Place Tech for Carbon-Nanotube Quantum Processors
C12's new Pick & Place method enables micrometer-precision transfer of single nanotubes onto silicon chips, allowing pre-testing and selection of nanotubes before integration. The company says it assembled 50 devices in the past four weeks, compared to an entire year in 2025.
Silver Tumbles Below $69 After Strong US Jobs Report Boosts Dollar
Silver (XAG/USD) fell sharply on Friday, dropping below $69 after a stronger-than-expected US employment report strengthened the US Dollar and fueled expectations of a more restrictive Federal Reserve.
Adam Back: Bitcoin May Need New Signature Algorithms for Quantum Readiness
Adam Back suggests Bitcoin may need new signature algorithms in the future to prepare for quantum computing threats, but not because they are breaking the protocol today.
Rabobank: Gradual EU Reset Only Marginally Boosts UK Growth
Rabobank says closer EU-UK ties under Prime Minister Starmer will come via targeted technical agreements that provide only marginal improvement to the UK's growth outlook.
ECB June Forecasts to Include Higher Rate Assumptions, Modest Growth Downgrades – Nomura
Nomura analysts expect the ECB's June macroeconomic projections to incorporate higher market rate assumptions and exclude May HICP data, leading to modest downward revisions to growth forecasts.
MicroStrategy Unrealized Bitcoin Loss Hits Record $12.7 Billion
MicroStrategy's unrealized loss on its Bitcoin holdings has reached a record $12.7 billion, with the total position down $28 billion over the past 12 months.
Trump Says Strong Jobs Report Should Lift Stocks
Former President Donald Trump argued that a strong jobs report should boost stock markets, rejecting the idea that growth fuels inflation.
US Central Command: USS Tripoli Transits Arabian Sea as Blockade Against Iran Continues
The US Central Command reports that the amphibious assault ship USS Tripoli is transiting the Arabian Sea to support the ongoing blockade against Iran. So far, US forces have redirected 129 commercial vessels and disabled 6 to enforce compliance.
Commerzbank: Conflicting Demand Signals Weigh on Oil Outlook
Commerzbank analysts note that Brent and European gas prices edged up on renewed US-Iran tensions, but muted reactions reflect ample inventories and rerouted supply flows.
Euro Slips to Two-Month Low After Strong US Jobs Data
EUR/USD fell to a two-month low near 1.1559 as the US Dollar rallied following a stronger-than-expected Nonfarm Payrolls report.
ECB Hiking Cycle May Extend to 3% – Nordea
Nordea analyst Kristian Nummelin expects the European Central Bank to raise rates next week, citing elevated inflation and strong core momentum. Markets are pricing a similar extension of the hiking cycle to 3%.
Crystal First to Tag Belarus Crypto Service WHITEBIRD Over EU Sanctions
Blockchain analytics provider Crystal has labeled addresses of Belarusian crypto service WHITEBIRD as linked to sanctions evasion, citing the EU's 20th sanctions package. Other providers have not yet applied similar tags, highlighting inconsistencies in AML risk assessments.
TD Securities Expects ECB to Raise Deposit Rate to 2.25%
TD Securities forecasts that the European Central Bank will hike its deposit rate to 2.25% in response to persistent high energy costs.
US May Non-Farm Payrolls Soar to 172K, Far Above 85K Forecast
The US added 172,000 jobs in May, well above the 85,000 expected, while the unemployment rate stayed at 4.3%. The strong report is adding to market pressures.
U.S. Indices Mixed at Open: S&P 500 and Nasdaq Fall, Dow Edges Higher
At the market open, the S&P 500 dropped 0.69%, the Nasdaq fell 1.20%, while the Dow Jones rose marginally by 0.05%.
AUD/USD Slides After Strong US NFP Report
The Australian dollar retreated against the US dollar on Friday after a stronger-than-expected US jobs report boosted the greenback, pushing AUD/USD to around 0.7105, down 0.39%.