Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Fed Hike Odds Trimmed on Softer US Data: Deutsche Bank
Deutsche Bank strategists note that easing inflation fears and softer US data have led markets to scale back expectations for additional Federal Reserve tightening in 2026. The Dollar Index is slightly lower, with jobless claims at a three-month high and Treasury yields declining.
Spot Bitcoin ETFs Record $3M Inflow, End 13-Day Outflow Streak
On June 4, spot Bitcoin ETFs saw a net inflow of $3.04 million, breaking a 13-day outflow streak. Ethereum funds also attracted $19.3 million after 17 days of negative flows.
India Q1 GDP Grows 7.8% YoY, Beats Estimates
India's Q1 GDP expanded at 7.8% year-on-year, exceeding market expectations. The stronger-than-expected reading may influence the Indian Rupee and RBI policy outlook.
USD/JPY Holds Near 160.00 Ahead of US NFP Data
The USD/JPY pair is consolidating around 160.00 during European trading as traders await the US Nonfarm Payrolls report for May, due at 12:30 GMT.
Gold edges lower on Middle East tensions ahead of US jobs data
Gold (XAU/USD) slipped 0.26% to around $4,463 on Friday as traders pared positions ahead of the US May employment report and amid lingering Middle East tensions.
Rosneft CEO Sechin: No Country Can Replace Lost Middle East Oil; Warns $150 if Hormuz Closed
Rosneft CEO Igor Sechin stated that no country, including the US, can replace oil supply lost due to the Middle East crisis, and warned that oil prices could reach $150 per barrel if the Strait of Hormuz is closed.
EUR Recovers Toward 1.1650 Despite Weak Eurozone GDP
The euro strengthened against the US dollar on Friday, climbing to just below 1.1650, even after disappointing Eurozone GDP data.
Grayscale Warns MicroStrategy Bitcoin Sale Stresses Financial Model
Grayscale Research flags MicroStrategy's first Bitcoin sale in a long time as a stress test for its aggressive accumulation strategy. MSTR shares fell 12.8% to a two-month low of $126, while a related floating-rate note trades below par, raising concerns of additional BTC sales.
BNY Warns of Rotation Risks as US Equity Rebalancing Nears
BNY’s Bob Savage notes that retail and institutional investors bought the April weakness in US equities, but momentum has faded and exposure to energy and technology is building risk ahead of June rebalancing.
Indonesian Rupiah Hits Historic Low Above 18,000 Per Dollar
The Indonesian Rupiah (IDR) fell past the 18,000 per US dollar mark for the first time, reaching a historic low while the currency remains deeply undervalued. The drop coincides with a sharp multi-year contraction in domestic equities.
Silver Falls 1.37% to $72.87 on Friday
Silver prices declined on Friday, dropping 1.37% to $72.87 per troy ounce, according to FXStreet data.
US Growth Holds as Inflation Surprises – Danske Bank
Danske Bank reports US economic growth slowed at the start of 2026 but remains more resilient than expected, while inflation delivers a surprise.
Brent Falls on US-Iran Hopes, Eases Inflation Fears
Deutsche Bank strategists note that Brent oil has reversed gains as hopes for a US-Iran deal ease stagflation concerns and lower inflation expectations.
Subdued Oil Volatility Caps USD Breakout Amid Stalled Iran Talks
Lack of tangible progress in US-Iran negotiations has kept oil price swings muted, preventing the US dollar from breaking higher despite a strong macro backdrop.
Australia Weighs Response to China's Iron Ore Monopsony – Rabobank
Rabobank strategist Benjamin Picton notes Australian iron ore majors are taking steps to counter China's growing monopsony power.