Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
SpaceX Rises 24% in IPO Debut
Space Exploration Technologies (SPCX) shares surged 24% shortly after the start of its first trading day on Friday.
BoE Expected to Hold Rates at 3.75% in June, Reuters Poll Shows
A Reuters poll of 65 economists indicates the Bank of England will keep the Bank Rate at 3.75% at its June 18 meeting, though opinions are divided on the next move.
SpaceX IPO Sees $26B in Shares Traded in First 15 Minutes
The SpaceX IPO ($SPCX) recorded 160 million shares traded in its opening 15 minutes, equivalent to roughly $26 billion in volume. Average trading velocity reached $1.7 billion per minute.
SpaceX Stock Begins Trading at $160.83, Up 19% from IPO
SpaceX stock (SPCX) started trading at $160.83 per share, a 19% gain from its IPO price, pushing the company's valuation to $2.1 trillion and making it the 7th largest public company globally.
Pound Slips on UK GDP Contraction, Risk Appetite Improves
The British Pound turned lower against the US Dollar after data showed the UK economy contracted in April, while improved risk sentiment from US-Iran talks initially weighed on the Greenback.
SpaceX IPO Trading Tips: Avoid Market Orders, Know Flipping Policies
Traders are advised to use limit orders and avoid market orders during the SpaceX IPO debut due to extreme volatility. The post also details flipping policies at major brokerages like Fidelity, Robinhood, and ETrade.
Vance Says Iran Won't Get Cash for Strait of Hormuz Deal; Dollar Under Mild Pressure
US Vice President JD Vance stated that Iran will not receive cash or released funds solely for signing a potential agreement, rebutting rumors about a deal to reopen the Strait of Hormuz. His comments placed mild downward pressure on the US dollar.
EUR/USD Weekly Forecast: Volatility Ahead on Fed and War Headlines
The EUR/USD pair closed the week in positive territory after touching a low of 1.1499, its weakest since late March. Traders brace for volatility from the Fed decision and geopolitical headlines.
SpaceX Shares Indicated to Open at $151, 12% Above IPO Price
SpaceX (SPCX) shares are indicated to open at $151, 12% above the IPO price of $135, according to trading indications.
US Economy Shows Resilience Despite Iran War Disruptions
More than three months after the start of the Iran war and resulting global energy market disruptions, the US economy continues to show remarkable strength. The post raises the question of whether this resilience can be sustained.
Gold Rebounds from $4,200 But Bears Not Done Yet
Gold staged a strong rebound after touching its lowest since November near $4,200, but the weekly forecast suggests the metal is not out of the woods yet.
Nasdaq Delays Start of SpaceX Share Trading for Orderly Pricing
The Nasdaq announced it needs a few more hours before SpaceX shares (ticker SPCX) can begin trading, citing the need for an orderly IPO and establishing the right price.
British Pound Steady Near 1.3400 Ahead of Key BoE and Data
The British Pound is consolidating recent gains around the 1.3400 level against the US Dollar, with domestic risk elevated ahead of upcoming UK CPI, labour data, and the Bank of England decision.
Binance Captures 57% of Pre-IPO Perpetual Market, SpaceX Leads Assets
According to CoinMarketCap Research, Binance accounted for 57% of the $2.94 billion total trading volume in pre-IPO perpetual contracts over the past 30 days, with SpaceX alone representing 67% of the overall volume.
Iran FM Says Islamabad MoU 'Never Been Closer'
Iran's Foreign Minister Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever, promising full transparency in sharing details with the public.
EUR/GBP Holds Firm as Weak UK GDP, Hawkish ECB Support Euro
EUR/GBP traded around 0.8633 on Friday, supported by hawkish ECB rhetoric and weak UK GDP data that highlighted a slowing British economy.
Iran FM: Islamabad MoU 'Never Been Closer' to Finalization
Iran's Foreign Minister Seyed Abbas Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever to finalization, urging media to avoid speculation until details are released.
ING: CEE FX Sees Risk-On Bounce on US-Iran Headlines, Policy Remains Key
ING strategist Frantisek Taborsky notes that headlines about a possible end to the US-Iran conflict triggered a risk-on move, helping Central and Eastern European currencies recover recent losses. However, monetary policy remains a key factor.
CAD Weighed by Weaker Oil, USD Holds Near 1.40 – Scotiabank
Scotiabank strategists note the Canadian Dollar remains pressured by declining oil prices amid Iran peace hopes, though improved risk appetite provides limited support. The USD/CAD pair holds near the 1.40 ceiling.
Iran Attempts Strike on Commercial Ships in Strait of Hormuz; US Downs Drones
Iran attempted to attack commercial vessels transiting the Strait of Hormuz overnight, prompting US forces to shoot down two Iranian one-way attack drones, a defense official confirmed.
US Shoots Down Iranian Drones Targeting Ships in Strait of Hormuz
The US military shot down two Iranian attack drones that were targeting vessels in the Strait of Hormuz, according to a US defense official, amid President Trump's public criticism of Iran's continued targeting of ships.
New Zealand Dollar Dips as Robust US Data Boosts Dollar
NZD/USD fell to 0.5830 on Friday, down 0.15% on the day, pressured by strong US sentiment and inflation figures that underpinned the US Dollar.