Market news
Crypto, stocks, forex and macro, aggregated for traders.
UK PM Starmer resigns, nominations open July 9
UK Prime Minister Keir Starmer has announced his resignation, with nominations for a new leader opening on July 9.
UOB: AUD/USD Downward Bias Toward 0.6980
UOB analysts maintain a negative outlook on AUD/USD, targeting a move toward 0.6980 following a quiet period in the pair.
US Dollar Rallies on Middle East Tensions, Inflation Expectations
The US Dollar strengthened at the start of the week amid escalating geopolitical tensions in the Middle East, rising inflation expectations, and weakness in major rivals like the British pound due to an impending change in prime minister.
Dollar Steady in Asian Trading as US Markets Reopen After Holiday
The dollar held steady during Monday's Asian session after a long weekend in the US. With no high-impact data due, fundamentals and risk appetite are expected to drive the greenback.
Toss Bank and Solana Foundation Partner on Blockchain-Based Finance
South Korea's Toss Bank has signed an MOU with Solana Foundation to develop blockchain-based financial infrastructure, starting with cross-border stablecoin transfers.
US and Iran Hold Technical Talks on Implementing Memorandum of Understanding
Iranian news reports that technical discussions are underway between the US and Iran to outline mechanisms for executing a bilateral memorandum of understanding, including the formation of specialized groups to monitor compliance.
Dow Futures Flat on US-Iran Uncertainty, Fed Hawkishness
Dow Jones futures edged slightly lower by 0.05% near 51,980 during European hours Monday, while S&P 500 futures fell 0.09% and Nasdaq 100 futures rose 0.14% as markets weighed US-Iran tensions and the Fed's hawkish stance.
ECB's Escrivá: Monitor wage second-round effects
European Central Bank policymaker José Luis Escrivá said the ECB needs to watch for second-round effects on wages during a Monday European session.
WHO Director Race Tests Influence of Europe, Asia, Gulf After US Retreat
The competition to lead the World Health Organization is seen as a pivotal test of which global powers will shape health policy, as the United States steps back.
Iran Says Ceasefire Monitoring Mechanism Expected in Lebanon
Iran's Foreign Ministry spokesperson Esmail Baghaei stated that mediators are working to establish a mechanism to guarantee and monitor the continuation of the ceasefire in Lebanon and on all fronts.
Iran Official: Strait of Hormuz Not Up for Negotiation
Ebrahim Azizi, head of Iran's National Security Commission, declared the Strait of Hormuz is sovereign Iranian waters and not open to foreign interference, emphasizing the final decision rests with Iran's people and military.
Lebanon, US Envoys, Qatar Discuss Forming Cell to Restore Ceasefire
Lebanese presidency officials discussed with US envoys Vance and Kushner and Qatar's prime minister the possibility of creating a crisis cell to stop the breakdown of the ceasefire in Lebanon and end Israeli military escalation.
UOB: GBP/USD Weak Bias, Key Support in Focus After April Low Test
United Overseas Bank analysts note that GBP/USD remains in a corrective phase after testing April's low near 1.3160, with key support levels now under scrutiny.
EUR/GBP Rises to 0.8670 as UK Political Uncertainty Weighs on Pound
The EUR/GBP cross edged higher to around 0.8670 on Monday during early European trading, as the British Pound weakened against the Euro amid political uncertainty in the United Kingdom.
Russian Central Bank Cuts Rate by 25 bps, Signals Hawkish Stance: Commerzbank
Commerzbank notes the Russian Central Bank surprised markets by cutting its key rate by only 25 basis points to 14.25%, against expectations of a 50 bps cut, indicating a hawkish policy stance and limited direct impact on the ruble.
NZD/USD Hovers Near 0.5720 Amid Geopolitical Pressures
The New Zealand Dollar continues to weaken against the US Dollar, trading around 0.5730 and approaching its year-to-date low, as geopolitical risks weigh on sentiment.
Taiko State-Proof Mechanism Compromised; $17M Lost in Bridge Attack
Taiko's blockchain state-proof mechanism was compromised, compromising all bridge security. Developers urge users to withdraw funds immediately. Analysts estimate $17 million in losses.
Strait of Hormuz Risk Ahead of Major FX Data Releases
The Strait of Hormuz returns to focus as traders prepare for key economic data from Canada, Australia, and the US this week.
Week Starts with Cautious Optimism Amid US-Iran Peace Talks Uncertainty
The new trading week opened on a surprisingly positive note despite ongoing uncertainty over US-Iran peace talks, which were postponed on Friday following renewed Israeli attacks.
Equities Slip as Iran Concerns Resume - Danske Bank
European equities declined on Friday amid renewed concerns over Iran and stalled negotiations, according to Danske Bank Research.
GBP/USD Slides to 1.3220 on UK Political Uncertainty
The British pound fell 0.1% against the US dollar to near 1.3220 during early European trading, under pressure from UK political uncertainty.
EUR/USD Seen Consolidating Before Further Decline: UOB
UOB analysts note that EUR/USD remains under pressure after a brief dip to 1.1416, with consolidation expected before a potential slide against the US dollar.
Silver advances to $66.35 on US-Iran peace deal hopes
Silver (XAG/USD) rose to around $66.35 during early European trade on Monday, supported by progress in US-Iran peace talks that eased Middle East tensions.
Iran, Mediators Discuss Final Agreement Talks
Iran's Foreign Ministry announced discussions with mediators about launching final agreement negotiations, with technical teams continuing their work.