Market news
Crypto, stocks, forex and macro, aggregated for traders.
Adobe Q2 FY26 earnings beat across all metrics; CFO departing June 15
Adobe reported Q2 FY26 revenue of $6.62B and adjusted EPS of $5.96, both surpassing estimates. The company also issued strong Q3 guidance and announced CFO Dan Durn will leave on June 15.
US Dollar Retreats from Ten-Week High as ECB Outlook Weighs on Euro
The US Dollar Index fell sharply to 99.60 after hitting a three-month high, as profit-taking offset stronger-than-expected Core PPI data. The Euro came under pressure from ECB policy outlook.
Bank of Thailand Sees No Need for Emergency Meeting on Baht Weakness
The Bank of Thailand rejects the need for an emergency policy meeting, stating the baht has only modestly weakened amid the U.S.–Iran conflict, with strong external buffers and signs of returning inflows to long-term bonds.
UOB Maintains Mildly Positive USD/SGD View, Eyes 1.2900
UOB FX strategists Quek Ser Leang and Lee Sue Ann keep a mildly bullish stance on USD/SGD, targeting a test of 1.2900 in the near term with 1.2915 as a tougher resistance. They see gains intact as long as the pair holds above 1.2830.
Rising Treasury Yields Pose Biggest Threat to Equities Since 2008
The 3-month correlation between the 10-year Treasury yield and the S&P 500 has reached -0.62, the most negative in at least 15 years, meaning stocks fall when yields rise.
Silver Rallies 4% on Trump's Iran Strike Cancellation, Bias Bearish
Silver (XAG/USD) bounced over 4% from daily lows near $61.50 after US President Trump canceled planned attacks on Iran, though the outlook remains bearish.
US Dollar Index Retreats from Two-Month High After Trump Cancels Iran Strikes
The US Dollar Index trimmed gains on Thursday after President Trump called off planned strikes on Iran, pulling back from a two-month high.
Standard Chartered: China May Data Shows Solid Production, Weak Demand
Standard Chartered economists note China's May economic data revealed robust industrial output but continued soft demand, keeping the recovery uneven.
Commerzbank: South Korea Tightens FX Oversight to Steady Won
Commerzbank notes South Korean authorities have intensified FX monitoring, including more frequent reviews of banks' FX positions and joint inspections with the Bank of Korea, aiming to stabilize the Korean Won. USD/KRW consolidates near 1,520 after hitting its highest level in years.
Crypto News Roundup: BTC Bottom, ZEC Shorts, Raydium Hack, Hungary Eases Rules
CryptoQuant predicts Bitcoin bottom at $53,600; five wallets opened large ZEC shorts before vulnerability; Raydium loses $1.34M in hack; Hungary may cancel strict crypto restrictions; Tether invests in robotics.
Gold Rebounds from Six-Month Low on Trump Threat, Middle East Tensions
Gold (XAU/USD) trimmed earlier losses and turned positive on Thursday, rising 0.58% as US-Iran exchanges of fire dimmed hopes for a swift resolution to the Middle East conflict. The metal traded near $4,091 after hitting a six-month low.
MUFG: Thai Baht Vulnerable to Energy Shock, High Oil Prices
MUFG strategist Lloyd Chan warns that the Thai Baht is particularly exposed to prolonged Middle East conflict and elevated oil prices due to Thailand's large net oil and gas deficit, weakening terms of trade, and low domestic yields.
Pentagon Partially Evacuated Over Possible Air Quality Issue
The Pentagon was partially locked down and evacuated after hazmat monitors detected a possible air quality issue. Hazmat teams from the Pentagon and Arlington County Fire Department are responding; no injuries have been reported.
CENTCOM: Strait of Hormuz Open for Transit, US Forces Postured Against Iran
The US Central Command has declared the Strait of Hormuz open for transit, with safe pathways for non-blockaded vessels, hundreds of ships having passed in two months, and US forces ready to defend against Iranian aggression. Iran does not control the strait, CENTCOM stated.
Iran Military Warns of Wider War and Threatens to Halt Oil Exports
Iran's top joint military command warned that 'the fire of war' will spread and cause regional insecurity, and declared that oil and gas exports must either be for everyone or for no one.
Iran Warns of 'More Severe' Response to Any US Attack
Iran's top joint military command has blamed contradictory US behavior for regional insecurity, especially in the Strait, and threatens a harsher response if the US attacks again.
UOB Keeps Neutral Stance on USD/CNH, Sees Consolidation in Tight Range
UOB maintains a neutral view on USD/CNH, expecting intraday consolidation between 6.7760 and 6.7880 and a broader range of 6.7620–6.7980 over the next 1–3 weeks.
Blockchain Data Indexing Lags Behind Surging Throughput
While blockchain networks now process tens of thousands of transactions per second, infrastructure for indexing and delivering that data to applications is struggling to keep up.
Oil Drops as US-Iran Talks Ease Supply Worries, Focus on Fed
West Texas Intermediate crude slipped 0.86% to around $89.50 on Thursday as diplomatic progress between the US and Iran reduced supply disruption fears, while traders look ahead to the Federal Reserve's rate decision.
Commerzbank: Tech Outflows, Inflation Weigh on Taiwan Dollar
Commerzbank reports that USD/TWD has risen for five consecutive sessions to 31.68, driven by foreign equity outflows amid global tech stock corrections, while Taiwan's CPI has moved above the central bank's 2% target.
US Equity Outflows Hit Record $13.9B, Led by Tech Stocks
Last week saw $13.9 billion in US equity outflows, the largest single-stock withdrawal since 2008, with technology stocks leading at a record $10.8 billion in sales.
Dow Jones Steadies After Hot PPI Data
After a sharp drop on Wednesday, the Dow Jones Industrial Average stabilized on Thursday despite hotter-than-expected Producer Price Index data.
Hungary to Remove 'Unjustified' Restrictions on Digital Asset Market
Hungary's new science and technology minister, Zoltán Tannach, plans to repeal strict digital asset regulations that drove away major players like fintech platform Revolut, Bloomberg reports.
USD/JPY Stays Near 160.50 as Intervention Fears Cap Gains
The Japanese yen remains pinned near 160.50 against the US dollar as traders weigh the risk of official intervention against a stronger greenback fueled by renewed geopolitical tensions.