Market news
Crypto, stocks, forex and macro, aggregated for traders.
EUR/USD May Test 1.1575, Dollar Index Holds Below 99.50
The dollar index remains below 99.50, with a potential breakout toward 100-100.50. EUR/USD could test 1.1575, but a break below that level may push it down to 1.15/14, while EUR/INR could rise to 111.85-112 before facing resistance.
South Korean Won Drops to 17-Month Low vs Dollar
USD/KRW extended its winning streak, trading near 1,540 after hitting 1,549 — a level last seen in March 2009 — despite government pledges to stem excessive volatility.
S&P 500 Extends Impulsive Advance to New Highs
The S&P 500 continues its impulsive advance into new all-time highs, with wave 1 ending at 7147.78 after starting from the March 2026 low. A corrective wave 2 dip has concluded.
Oman's Mina al Fahal Terminal Halts Oil Loading After Suspected Drone Attack
Crude oil loading at Oman's Mina al Fahal terminal was suspended following an explosion near its single-buoy mooring, reportedly caused by a drone attack, according to Reuters sources.
Canadian Dollar Gains on Higher Oil, USD/CAD Dips to 1.3900
USD/CAD fell during Asian hours on Friday as rising oil prices supported the commodity-linked Canadian Dollar, pushing the pair to around 1.3900.
Arthur Hayes Dumps ZEC Holdings Over Orchard Pool Exploit, Eyes Rebuy Lower
Arthur Hayes sold his entire Zcash (ZEC) position following the Orchard Pool exploit, stating that privacy must be proven, not merely probable. He remains open to buying back at lower levels and continues to hold Worldcoin (WLD), expecting a pump from Elon Musk.
Gold Tests 200-Day SMA Ahead of US NFP Data
Gold (XAU/USD) is reversing part of its previous rebound, trading around $4,450 as caution prevails ahead of US Nonfarm Payrolls data and amid a deadlock in the Gulf conflict.
Crypto Roundup: Mega Liquidations, Zcash Vulnerability, Stablecoin Moves
Over $1.12 billion in crypto liquidations, a critical Zcash bug patched in June, Arthur Hayes dumping positions, and major banks planning a tokenized deposit network highlight the past 24 hours.
NZD/USD Falls as US Tariff Threats Weigh on Kiwi
The New Zealand Dollar declined against the US Dollar, trading around 0.5850 during Asian hours on Friday, as concerns over US tariff threats pressured the currency.
AUD/USD Slips Toward 0.7120 Amid Cautious Market Mood
The Australian Dollar weakened against the US Dollar, trading near 0.7120 in early European trading on Friday. Cautious sentiment and the ongoing Middle East conflict weighed on the AUD despite the RBA's hawkish stance.
Zcash Founder Reveals Critical Orchard Pool Counterfeiting Vulnerability
Zcash founder Zooko disclosed a critical bug in the Orchard pool that could have allowed unlimited undetectable minting of ZEC. The vulnerability was discovered on May 29 and patched by June 2.
US House Committee to Introduce Crypto Tax Legislation on Friday
A key US House committee is preparing to drop crypto tax legislation as early as Friday, covering staking, mining rewards, and aiming to bring digital assets in line with traditional securities tax rules, according to Bloomberg.
Yen Strengthens on Intervention Fears, USD/JPY Drops to 159.90
USD/JPY extended losses for a second consecutive day, trading near 159.90 during Asian hours on Friday, as the yen gained support from heightened fears of government intervention.
Eurozone Manufacturing PMI Input Prices Hit 3-Year High, Signaling Inflation Surge
Eurozone manufacturing PMI input prices surged to 80 in May, the highest since May 2022, with output prices hitting a 3.5-year high, indicating accelerating inflation pressures from rising energy and raw material costs.
PBOC Sets USD/CNY Reference Rate at 6.8157
The People's Bank of China set the USD/CNY central rate at 6.8157 on Friday, higher than the previous fix of 6.8203 but above the Reuters estimate of 6.7735.
EUR/USD Holds Steady Around 1.1620 Ahead of US Jobs Report
The EUR/USD pair is trading near 1.1620 in early Asian trading on Friday, as traders hold off on major moves before the release of the US jobs report for May.
WTI Falls Below $91 Despite Iran Threats
West Texas Intermediate crude oil dipped to around $90.85 during early Asian trading on Friday, as traders assessed the ongoing US-Iran peace developments.
US money market fund assets hit record $8.28T with $66B weekly inflow
Assets in US money market funds surged $66 billion in the week ending May 28 to a record $8.28 trillion, with $41 billion coming in a single day as month-end rebalancing boosted inflows.
Japan's Katayama: Authorities Ready to Act on Forex as Needed
Japan's Finance Minister Satsuki Katayama said on Friday that authorities are always ready to respond appropriately to foreign exchange movements.
Japan April Cash Earnings Beat Estimates, Household Spending Improves
Japan's April cash earnings rose 3.5% year-on-year, beating the 3.1% estimate, while household spending fell 0.5% year-on-year, better than the expected 1.5% decline.
Trump Open to Meeting Iran's Supreme Leader for Deal
President Trump stated he would be honored to meet Iran's Supreme Leader if it facilitates a deal to end the U.S.-Iran conflict, according to CNBC.
ISM Services Prices Index Hits Highest Since Aug 2022, Signaling Rising Inflation
The ISM Services Prices index rose 0.6 points in May to 71.3, the highest since August 2022, with diesel, gasoline, and oil cited as key drivers. The reading suggests CPI could rise above 5.0% for the first time since early 2023.
NIB Holdings Sells Australia, New Zealand Travel Insurance to Allianz Partners for Up to A$50M
NIB Holdings has agreed to sell its travel insurance businesses in Australia and New Zealand to Allianz Partners for up to A$50 million, with a strategic distribution partnership and expected closing by end of 2026 pending regulatory approvals.
Sterling Relies on Rate Hikes Economy Can't Justify
Markets still expect Bank of England rate hikes this year, but the UK economy is contracting rather than overheating, making sterling's position fragile.