Market news
Crypto, stocks, forex and macro, aggregated for traders.
US Consumer Spending Loses Momentum as Retail Sales Expected to Fall
The Chicago Fed projects a 0.3% month-over-month decline in retail and food services sales excluding autos for May, the largest drop since January 2025. After adjusting for inflation, sales are estimated to fall 1.3%.
SpaceX Shares Surge with $80B Volume, Becomes 7th Largest Public Company
Over 500 million shares of SpaceX ($SPCX) traded with volume exceeding $80 billion, reportedly making it the 7th largest public company globally.
Central Bank Decisions: Fed, BoJ, BoE, RBA in Focus Next Week
The US Dollar Index edged lower last week, closing near 99.80 as markets brace for a week packed with monetary policy decisions from the Fed, Bank of Japan, Bank of England, and Reserve Bank of Australia.
S&P 500 Elliott Wave Analysis Flags Large Decline Ahead
An Elliott Wave and market breadth analysis from June 3 suggests the S&P 500 is poised for a major downturn, citing bearish signals despite the index trading near 7,570 at the time.
Dow Jones gains 0.66%, S&P 500 rises 0.46%, Nasdaq up 0.30% at close
Unofficial closing data shows the Dow Jones Industrial Average added 337.75 points to close at 51,186.50, the S&P 500 gained 33.89 points to 7,428.19, and the Nasdaq rose 76.49 points to 25,886.15.
South Korean Authorities Step Up FX Stabilisation Push – Societe Generale
Societe Generale notes that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the won.
US Official: Iran Deal Ensures Reopening of Strait of Hormuz, Nuclear Containment
A senior US administration official stated that the Iran agreement guarantees long-term regional peace and the reopening of the Strait of Hormuz, achieving core US objectives regarding nuclear materials.
Deutsche Bank: UK Growth Resilient, Inflation Softening
Deutsche Bank's Sanjay Raja notes the UK economy is tracking close to the Bank of England's Scenario A, with stronger-than-expected early-2026 GDP but cooling labour market and easing price pressures.
Retail Investors Sell Stocks for Three Consecutive Days, First Streak Since 2020 Pandemic
Retail investors sold stocks for three consecutive days ending Wednesday, the first such streak since the 2020 pandemic. Monday saw the highest retail outflows since November 2023, with semiconductors and AI stocks hit hardest.
Gold Holds Above $4,200 on Hopes of US-Iran Deal
Gold (XAU/USD) consolidates above $4,200 as market optimism grows over a potential US-Iran deal expected next week, easing inflation concerns.
KRW Strengthens on Equities and Hawkish BoK – BBH
South Korean Won is outperforming on strong local equities and a hawkish central bank stance, according to Brown Brothers Harriman's Elias Haddad.
USD/CAD RSI Overbought; Bears Defend 1.4000 Level
USD/CAD traded higher on Friday, supported by lower oil prices weighing on the Canadian dollar. However, the RSI entered overbought territory and bears are actively defending the 1.4000 resistance level.
Yen Weakness Sparks Intervention Concerns as USD/JPY Remains Elevated
Scotiabank strategists warn that USD/JPY's persistent strength above prior intervention-trigger levels raises the risk of Japanese authorities stepping in to support the yen.
FOMC Meeting Next Week: Expected Neutrality as Warsh Takes Chair
The upcoming FOMC meeting is expected to maintain a neutral stance, with Kevin Warsh presiding as Chair for the first time. Analysts anticipate no major policy shifts given the precarious economic environment.
EUR/USD Steady as Market Awaits US-Iran Peace Deal Clarity
EUR/USD trades around 1.1573, fluctuating between modest gains and losses as traders await Tehran's decision on a potential agreement with the US to end the Middle East conflict.
Societe Generale: Policy Mix Supports Yuan Amid Subdued Inflation
Societe Generale notes that China's May CPI at 1.2% and core at 1.1% indicate weak consumer demand, while PPI hit a four-year high, yet a supportive policy mix is expected to stabilize the yuan.
Dow Jones Rises 0.6% to Near 51,200, Outperforms Nasdaq
The Dow Jones Industrial Average climbed 0.6% to around 51,200 on Friday, outperforming other major US indices as the Nasdaq Composite declined.
SpaceX Stock Surges 30%, Market Cap Reaches $2.3 Trillion
SpaceX stock ($SPCX) surged over 30% to a fresh record high, giving it a market capitalization of $2.3 trillion and making it the 6th largest public company in the world.
Crypto Roundup: BlackRock ETF Update, Miner Capitulation, JPMorgan Hedge View
BlackRock updated its Bitcoin ETF application with a yield feature, on-chain data indicates miner capitulation, and JPMorgan notes declining hedge interest in BTC and gold. Other news includes a Eurojust crypto closure, LG-Arbitrum L2 network, and SEC tokenization preparations.
iFX EXPO International Returns June 16–18 with Kraken, Google, Visa Speakers
iFX EXPO International will be held June 16–18, featuring senior leaders from Kraken, Google, and Visa discussing tech stacks, liquidity, tokenization, payments, and personal branding.
USD/JPY Holds Near 160.20 as Markets Eye BoJ and Fed Meetings
USD/JPY trading near 160.20 as traders await Bank of Japan policy decision and Kevin Warsh's first Fed meeting.
Pakistan PM Announces US-Iran Peace Deal Text Agreed
Pakistan's Prime Minister Shehbaz Sharif announced that a final agreed text of a peace deal between the US and Iran has been reached, with Pakistan working to finalize next steps.
Pakistan PM Sharif: Final Peace Deal Text Agreed, Working on Next Steps
Pakistan Prime Minister Sharif confirmed that a final text of the peace deal has been reached, dismissing misinformation campaigns. He stated that the country is working closely with both sides to finalize next steps, adding that peace has never been this close.
Silver firms on USD weakness, easing US-Iran haven demand
Silver (XAG/USD) trades around $67.50, up 0.21% on the day, supported by a weaker US dollar and reduced haven demand as US-Iran diplomatic progress improves market sentiment.