Market news
Crypto, stocks, forex and macro, aggregated for traders.
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%.
US Central Command: Iranian Forces Did Not Attack Navy Warships
The US Central Command denied reports that Iranian forces fired at American warships, stating it would violate a ceasefire. US forces continue to enforce a blockade against Iran.
Critical Zcash Bug Allows Counterfeit Minting, ZEC Plunges 50%+
A vulnerability in Zcash could have enabled unlimited counterfeit ZEC; the token dropped over 50% with liquidations exceeding $100 million.
Dell Technologies Eyed to Rally Toward $700
A market note suggests Dell Technologies (NYSE: DELL) stock could advance towards the $700.00 level.
Commerzbank Warns US Aluminium Supply Strain Risks Demand Destruction
Commerzbank analyst Thu Lan Nguyen reports that US aluminium supply remains tight more than a year after tariffs, with a planned Oklahoma smelter blocked on environmental and ownership grounds, domestic production falling, and high prices and import premiums threatening demand destruction.
USD/JPY Hovers Near 160.00 After Upbeat US Jobs Report
USD/JPY traded near 160.00 on Friday, virtually unchanged on the day, after rebounding from intraday lows following a strong US jobs report. The level is closely watched as intervention territory.
Euro Slips Against Pound After Eurozone Growth Revision
The euro fell against the British pound on Friday following a downward revision to Eurozone GDP data, which raised concerns about the region's economic recovery. EUR/GBP traded near 0.8642, pulling back from recent gains.
Chainalysis: Gray Market Peptide Payments Surge Past $100M, Driven by Bitcoin and Stablecoins
Chainalysis reports on-chain payments for gray market peptides exceeded $100 million annually, with Q1 inflows jumping 159% to $32 million, partly due to high costs of weight-loss drugs like Ozempic.
RBI Holds Repo Rate at 5.25%, Takes Steps to Defend Indian Rupee
The Reserve Bank of India kept the repo rate unchanged at 5.25% with a neutral stance and announced measures to support the rupee and attract foreign investment.
US Nonfarm Payrolls Surge to 172K in May, Far Above 85K Forecast
The US economy added 172,000 jobs in May, significantly exceeding the market consensus of 85,000, according to the Bureau of Labor Statistics.
US Nonfarm Payrolls rise by 172K in May vs. 85K forecast
The US added 172,000 jobs in May, sharply beating the 85,000 consensus estimate, according to the Bureau of Labor Statistics.
US Adds 172K Jobs in May, Far Above 85K Forecast
The US economy added 172,000 jobs in May, crushing the consensus estimate of 85,000. The unemployment rate held steady at 4.3%, with April's payrolls revised up by 64,000.
US Nonfarm Payrolls Rise 172K in May, Beating Expectations
The US added 172,000 jobs in May, well above the 85,000 consensus forecast.
Nordea: Structural Headwinds for USD After Recent Strength
Nordea analyst Kristian Nummelin highlights that strong U.S. data and higher energy prices have recently buoyed the dollar, but structural headwinds are expected to weigh on it going forward.
ECB to Begin Recalibration Phase with June Rate Hike – Nomura
Nomura analysts expect the European Central Bank to start a recalibration phase at its June 11 meeting with a 25 basis point hike to the deposit rate.
ING: Oil Inventory Decline Tightens Supply Outlook, Persian Gulf Flow Optimism Overstated
ING analysts Warren Patterson and Ewa Manthey say that oil is trading on overly optimistic expectations of resumed Persian Gulf flows, given stalled US-Iran talks and declining inventories that tighten the supply outlook.
Gold Demand Expected to Fall 2% in 2026 as Investment Rise Offsets Weaker Jewellery
According to Commerzbank citing Metals Focus, total gold demand is forecast to decline 2% in 2026, as weaker jewellery and central bank purchases are partly offset by stronger investment in bars and coins.
BNY: Japan Aims to Strengthen Yen via Policy Support, Intervention Risk High
BNY's Bob Savage notes Japan's government targets a stronger yen through long-term competitiveness, with USD/JPY near 160 and authorities signaling potential intervention or rate hikes if inflation risks rise.
Canadian Dollar Recovers from Two-Month Low Ahead of Jobs Data
The Canadian Dollar pared losses against the US Dollar on Friday, with USD/CAD trading at 1.3880 after hitting a two-month high of 1.3925 earlier. Markets await US and Canadian jobs data.
Gold Steadies as Traders Await US NFP for Fed Clues
Gold (XAU/USD) recovers some of its earlier losses as markets focus on the upcoming US Nonfarm Payrolls report, which could influence the Federal Reserve's next policy move.
New Zealand Dollar Strengthens on RBNZ Rate Hike Expectations
The New Zealand Dollar (NZD) rose against the US Dollar on Friday as traders priced in earlier and larger rate hikes from the Reserve Bank of New Zealand.
TD Securities forecasts softer Canada jobs data, reinforcing dovish BoC view
TD Securities expects Canada's May employment to rise by only 5,000, well below the consensus estimate of 10,000, after a loss of 18,000 in April. The unemployment rate is seen steady, adding to the case for a dovish Bank of Canada.
Silver Recovers Half of Early Losses but Still Down Ahead of US NFP Data
Silver (XAG/USD) clawed back half of its early losses on Friday, trading 1.7% lower near $72.60 ahead of the US Nonfarm Payrolls data release.