Market news
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DBS: South Korea June Exports to Surge 50-60% YoY, Trade Surplus to Exceed $30bn
DBS Group Research forecasts South Korea's June exports will grow 50-60% year-on-year, with the trade surplus widening above $30 billion, driven by AI-related semiconductor demand and higher memory prices, supporting the central bank's rate hike path.
US Military Conducts New Strikes Near Strait of Hormuz
The US military has carried out fresh strikes in the area of the Strait of Hormuz, according to Axios. This marks the first US strikes in the region since a Memorandum of Understanding was signed.
Iran Resumes Oil Exports After 50-Day US Blockade
Iranian President Masoud Pezeshkian announced that Iran exported 16 million barrels of oil in recent days, ending a 50-day period without any shipments due to the US blockade.
India Names Avenue After Donald Trump in Hyderabad
India has announced the naming of 'Donald Trump Avenue' in Hyderabad, making Trump the first US president to have an avenue in India named in his honor.
Wall Street Ends Mixed: Dow and Nasdaq Dip, S&P 500 Edges Higher
U.S. stock markets closed with a mixed performance on the day. The Dow Jones and Nasdaq posted slight declines, while the S&P 500 managed a marginal gain.
AI Agent Market Set to Reach $300B by 2035, Memory Remains Challenge
New research projects the AI agent market will grow from $8 billion today to nearly $300 billion annually by 2035. However, a key limitation persists: AI agents struggle to remember information across sessions and understand data relationships.
Apple Plans First Touchscreen MacBook Pro Later This Year
Apple is reportedly preparing to launch its first touchscreen MacBook Pro this year, marking a major shift from its long-standing opposition to touchscreen Macs. The device would combine traditional laptop functionality with touch input, potentially strengthening Apple's position in the premium laptop market.
Silver Breaks Below $60, Eyes $55 After Weekly Drop of 10.29%
Silver (XAG) fell below the $60 mark for the first time since early December, despite a Friday gain of nearly 2%. The metal is on track for a weekly loss of over 10%, with bears targeting $55.
OCBC: USD/CNH Bullish Momentum Intact but RSI Signals Correction
OCBC FX strategists note USD/CNH stalled near 6.8020; daily bullish momentum remains intact but RSI is turning lower, indicating the Chinese Yuan’s weakness may be corrective.
Gold Rebounds as US Yields Fall, Dollar Weakens
Gold price recovers to a two-day high of $4,096 as falling US Treasury yields weigh on the US Dollar, with traders trimming hawkish Fed bets. XAU/USD currently trades at $4,076.
Gold Bearish Cycle Targets $3400 After Record High at $5598.75
Elliott Wave analysis indicates that gold (XAU/USD) has entered a bearish corrective cycle, with potential downside to $3400 following a record high of $5598.75 on January 29, 2026.
US Dollar Faces Key Labor Market Test with NFP, ISM, and Central Bank Commentary Ahead
The upcoming week presents a major test for the US dollar as investors focus on NFP data, ISM manufacturing, Eurozone inflation, and remarks from the Fed, ECB, and BoE.
AAII Survey: Retail Bullishness Spikes to 2nd Highest Since January
The AAII survey for the week ending June 25 shows 44.9% of individual investors bullish, the second-highest since mid-January. The bull-bear spread turned positive for the first time in six weeks.
USD/SGD Stalls After Six-Day Rally, Holds Near 1.2950 – UOB
UOB analysts note that USD/SGD has stalled after a six-day advance, easing to 1.2950 before closing near that level, suggesting a range-bound phase.
BoJ Hike Lifts Yen, But USD/JPY Holds Near 162.00
USD/JPY closed the week near 162.00, just below multi-decade highs, despite a Bank of Japan rate hike that was meant to strengthen the yen.
BNY: Taiwan Dollar Undervalued Amid Rotational Flows
BNY's Geoff Yu notes that Taiwan's strong equity performance in 2026 has coincided with net institutional outflows, mainly from U.S. pensions and hedge funds, while APAC and EMEA investors provide inflows, leaving the TWD undervalued.
DBS Forecasts Vietnam Q2 2026 GDP Growth at 7.8%, Matching Q1 Pace
DBS Group Research projects Vietnam's real GDP growth at 7.8% year-on-year for Q2 2026, consistent with Q1, citing strong electronics manufacturing, AI-driven tech demand, FDI, and resilient retail.
Canadian Dollar Trims Gains as US-Iran Tensions, Hawkish Fed Support USD
The Canadian Dollar pares intraday gains as US-Iran uncertainty and expectations of a hawkish Federal Reserve help the US Dollar recover from earlier losses.
US Rig Count Rises to 573 as Oil and Gas Drilling Picks Up
The Baker Hughes rig count for the week ending June 26 rose to 573, up from 563 the previous week, with oil rigs increasing by 7 and gas rigs by 3.
2x Leveraged Memory ETF RAM Posts Record $380M First-Day Volume
The 2x leveraged long memory ETF RAM recorded ~$380 million in notional volume on its debut, the largest first-day volume for any US-listed leveraged or inverse ETF. The fund tracks DRAM and delivers 200% of its daily performance.
Philippines Faces Stagflation Risks as Inflation Surges, Growth Slows – HSBC
HSBC strategists warn that the Philippines is flirting with stagflation as GDP growth decelerates while inflation reaches the highest in ASEAN, driven by weak public spending and cautious household demand.
US Dollar Index Reaches 102.00 Barrier on Fed Rethink
The US Dollar climbed to near 102.00, levels not seen since early May 2025, as markets reassess Federal Reserve policy expectations.
Thai Baht Steadies After Below-Consensus Export Data – Commerzbank
Commerzbank notes Thailand's May exports rose 10.6% year-on-year, missing consensus and sharply slowing from April's 23.1% growth, though capital inflows are supporting the baht. The government projects 8% export expansion for 2026 on front-loading.
Analysts Warn of Weak Bitcoin Buying Demand
Analysts have warned that Bitcoin's buying demand is weak, potentially signaling a lack of upward momentum.