Market news
Crypto, stocks, forex and macro, aggregated for traders.
DAX Correction Deepens as Elliott Wave Signals More Downside
The DAX index faces deepening losses as it tests the support line of its impulsive channel from March lows. Elliott wave analysis suggests the current decline may be a leading diagonal, pointing to further downside.
USD Upside Persists on Resilient Data, Says BBH Analyst
Brown Brothers Harriman analyst Elias Haddad notes that while improving US-Iran relations briefly weakened the dollar, resilient economic data supports further USD gains.
US-Iran Deal on Strait of Hormuz Nears Signing in Geneva – Bloomberg
Bloomberg reports that US and Iranian officials are close to signing a deal to reopen the Strait of Hormuz, with a possible agreement by the weekend as G7 leaders prepare to meet.
BNY's Bob Savage Highlights Declining Cash, Elevated Valuations, Record IPO in U.S. Equities
BNY's Bob Savage analyzes U.S. equities using iFlow data, pointing to declining institutional cash balances, elevated valuations, and record IPO issuance.
Drafted US-Iran MOU Sparks Optimism, Aids SpaceX IPO
Optimism over a drafted memorandum of understanding between the US and Iran is providing macro tailwinds that could benefit the potential SpaceX IPO, while European markets digest the latest ECB rate hike ahead of a more complicated policy decision in July.
Coinbase Launches AI Agent Service for Trading and Payments
Coinbase introduces Coinbase for Agents, allowing AI agents to execute trades and payments within user-set limits via the MCP protocol or CLI.
Nordea Sees Medium-Term Upside for EUR/USD
Nordea strategist Jan von Gerich argues the dollar has underperformed relative to historical patterns and expects a higher EUR/USD in the medium term, despite the pair remaining stuck between 1.15 and 1.16.
ECB Raises Rates by 25 bps, Calls It an Adjustment Not Start of Tightening Cycle
The European Central Bank raised its key interest rates by 25 basis points to 2.25%, describing the move as an adjustment rather than the beginning of a tightening cycle.
Silver Falls 0.17% to $67.26 on Friday
Silver prices edged lower on Friday, trading at $67.26 per troy ounce, down 0.17% from the previous close of $67.37, according to FXStreet data.
AUD Recovers Modest Losses Against USD, Lacks Follow-Through
The Australian Dollar reversed an intraday dip to the 0.7020 area and climbed to the top of its daily range during early European trading, though buying interest remained insufficient to sustain gains.
Societe Generale: INR Support via Capital Inflows, Not Tightening
Societe Generale notes the Indian government and RBI are relying on capital inflows to support the rupee rather than adopting tighter monetary policy.
ECB Hikes 25bp, Oil Prices Key to Dovish Outlook
The ECB delivered a 25bp rate hike as expected, but markets sought stronger forward guidance. Lower oil prices are acting as a dovish counterbalance, though renewed Iran tensions could push rates up.
AUD/USD Rebound Tests 0.7060 Resistance – UOB
AUD/USD's sharp rebound from 0.6979 to 0.7055 has room to extend toward 0.7060, but a clear break above this level is seen as unlikely near-term, according to UOB analysts.
Nomura Warns of USD Reversal Risks Despite Bullish Consensus
Nomura strategists note that while the US dollar’s bullish case is supported by strong data and Fed expectations, historical patterns around data surprises suggest downside risks ahead.
Markets Shift From Fear to Hope on Geopolitical Hopes
Global markets have moved from fear to hope as investors price in potential Middle East de-escalation, lower oil prices, and stronger equity momentum.
Iran: US MoU Needs Finalization by Relevant Authorities
Iran's Mehr news agency reported on Friday that the draft memorandum of understanding with the United States regarding a permanent peace deal requires finalization by relevant authorities.
MUFG: US-Iran Deal Optimism Boosts EUR/USD
MUFG analyst Lee Hardman notes that renewed optimism over a potential US-Iran agreement has strengthened the euro against the dollar, pushing EUR/USD higher.
Police in 11 Countries Shut Down Crypto Service AudiA6, Seize €336M
A joint operation by law enforcement from 11 countries shut down the AudiA6 crypto service based in Georgia, which allegedly laundered over €336 million between 2022 and 2025, with arrests and seizures of assets.
ECB's Kocher: Too Early to Predict July Rate Decision
ECB Governing Council member Martin Kocher said it is too early to discuss the central bank's July interest rate decision.
Brent Drops Below $90 as Downtrend Extends: Societe Generale
Societe Generale analysts note Brent crude has fallen below $90 per barrel amid US-Iran deal hopes and President Trump's cancelled strikes, with technical indicators confirming a sustained downtrend.
GBP/JPY Holds Gains on Weaker Yen Despite Disappointing UK Data
GBP/JPY regained positive traction during European trading, supported by a broadly weaker JPY, despite unimpressive UK economic data.
ECB's Makhlouf Says Central Bank Must Get Ahead of Inflation
European Central Bank Governing Council member Gabriel Makhlouf stated on Friday that the central bank needs to act preemptively to prevent inflation from accelerating further.
Japanese Yen Trades Back to Intervention Levels Despite Expected BoJ Hike
The Japanese Yen continues to face downside pressure against the US Dollar, trading at levels that have historically triggered intervention, despite widespread expectations of a BoJ rate hike.
Euro Gains Against Yen on ECB Rate Hike Hopes
The euro rose 0.12% against the Japanese yen during European trading, reaching near 185.45, as expectations for further ECB interest rate hikes bolstered the single currency.