Market news
Crypto, stocks, forex and macro, aggregated for traders.
Deutsche Bank: Next Week’s Focus on Global Flash PMIs and Inflation
Deutsche Bank analysts highlight that next week’s main macro focus will be global flash PMIs and several key inflation reports.
Nordea Sees Dollar Supported by Hawkish Fed, Firm Data
Nordea analysts expect the US Dollar to remain supported in coming months, citing the Federal Reserve's relatively hawkish stance and resilient US economic data.
Merz: Pharmaceuticals Reimbursement Is Internal Matter; Warns on Currency Manipulation
German opposition leader Friedrich Merz stated that pharmaceuticals reimbursement policy is an internal German matter, while also criticizing countries that subsidize overcapacity and keep their currencies artificially low.
Gold Bears Resurface, XAUUSD Heads for Third Weekly Loss
Gold prices extend losses for a third consecutive day, poised for a third straight weekly decline as renewed hawkish signals from the Federal Reserve weigh on the metal.
Canadian Dollar Near April Low on Weak Retail Sales, Lower Oil
The Canadian Dollar weakened against the US Dollar, trading near its April 2025 low, as disappointing Retail Sales data and declining oil prices weighed on the currency. USD/CAD rose to around 1.4170.
Silver Falls for Third Day on Fed Outlook, Mideast Ceasefire
Silver (XAG/USD) declined for a third consecutive session on Friday, dropping 1.31% to around $64.85, pressured by a hawkish Federal Reserve stance and a ceasefire in the Middle East.
ING: Burnham Win Paves Way for UK PM Transition, Upside Risk to EUR/GBP
ING's Francesco Pesole notes that Andy Burnham's by-election win positions him as next UK PM, with betting markets expecting a transition by late summer. The lack of political risk premium in pound assets implies limited fiscal impact, posing upside risk to EUR/GBP.
Semiconductor Stocks Hit Record 18.8% of S&P 500 Market Cap
Semiconductor stocks now account for a record 18.8% of the S&P 500's market cap, more than tripling since 2022. The SOX index has surged 546% over the same period.
Base L2 Unveils Beryl Update with B20 Standard
The Base layer-2 solution team revealed the Beryl upgrade plan, introducing the B20 standard. Testnet deployment is live, with mainnet activation set for June 25.
US Signs MOU for Permanent Peace Deal; Hawkish Fed in Focus
The main market mover this week is the signing of a memorandum of understanding to work towards a permanent peace deal between the US and an unspecified party, which could lead to reopening of the Strait of Hormuz, while the Federal Reserve remains hawkish.
Israel and Hezbollah Reach Ceasefire Agreement, US Official Says
A senior US official told Reuters that Israel and Hezbollah have agreed to a ceasefire starting at 4 p.m. local time on Friday.
Iran Declares Ships Need Permission to Transit Strait of Hormuz, May Add Fees
Iran announced that all vessels passing through the Strait of Hormuz must obtain permission and mandatory insurance, with potential future fees, raising the prospect of long-term control over the key oil chokepoint.
Oil Steadies as Strait of Hormuz Reopens, Comments from US VP
Oil prices stabilized after US Vice President JD Vance confirmed tankers carrying over 12 million barrels crossed the Strait of Hormuz. Brent crude closed at $79.85.
Iran War Deal Criticized as One-Sided, US Objectives Unmet
The Iran war deal faces criticism for disproportionately favoring Tehran, with the US allegedly failing to achieve any of its stated objectives.
Trump: War Has Diminished Iran's Military Capabilities
Former President Trump stated that the war has significantly reduced Iran's military capabilities, contradicting Democratic claims that Iran is now better off.
Gold Heads for Third Weekly Loss as Hawkish Fed, US-Iran Deal Weigh
Gold (XAU/USD) is under pressure, trading near $4,157 after hitting a one-week low, as the Federal Reserve's hawkish stance and a potential US-Iran peace deal reduce safe-haven demand.
Pound Drops After BoE Holds Rate at 3.75% on Cautious Outlook
The British pound fell sharply after the Bank of England kept its key interest rate unchanged at 3.75%, later recovering slightly to trade near 1.3236. The decision was split 7-2, with two members favoring a hike.
DBS: Japanese Yen Intervention Risks Rise as USD/JPY Breaks Above 161
DBS Group Research strategist Chang Wei Liang notes that USD/JPY has broken above 161, returning to levels that previously triggered official intervention, thereby raising the risk of further action by Japanese authorities.
Czech National Bank Adopts Hawkish Stance
The Czech National Bank has turned hawkish as GDP growth is expected to slow to just above 2% this year but accelerate again next year, reflecting a temporary slowdown.
USD/JPY Nears Intervention Zone After Fed Hawkish Hold – UOB
UOB Global Economics & Markets Research warns that USD/JPY has surged to 161.37 following the Fed’s hawkish hold, approaching levels that prompted Japanese authorities to intervene previously.
US Dollar Index: Upside Case from Flows and Yields – BBH
Brown Brothers Harriman analyst Elias Haddad cites strong foreign demand for long-term US securities and sustained yield advantages as support for the US Dollar Index.
UOB: SGD NEER Strength Caps USD/SGD Upside at 1.2900
UOB Global Economics & Markets Research notes that USD/SGD closed at 1.2900, with the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) estimated at 1.75% above the mid-point, limiting further upside.
ForkLog Lab Opens Services to Public After Four Years
ForkLog Lab, the research and consulting arm of crypto media outlet ForkLog, is now offering its analytics, marketing, and media expertise to external clients, with a focus on boosting brand visibility in AI services.
Gold Extends Losses to One-Week Low Near $4,120 on Fed Tightening Bets
Gold (XAU/USD) fell for a third consecutive day on Friday, hitting a one-week low at $4,121 as expectations of tighter Federal Reserve policy weighed on the precious metal.