Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold Holds Above $4,000 After Hitting New Lows, Silver Stabilizes Under $60
Gold prices steadied just above $4,000 after breaking to new lows yesterday, while silver paused under $60. Two potential catalysts that could have lifted metals from those lows failed to materialize.
UOB Keeps Constructive View on USD/SGD After Pair Touches 1.2991
UOB analysts Quek Ser Leang and Lee Sue Ann maintain a constructive outlook on USD/SGD after the pair briefly touched 1.2991 before closing near that level.
Bitcoin Slides to $59K; Uniswap Launches No-Code Token Auctions
Bitcoin dipped to $59,000 as the U.S. dollar strengthened. Other notable events: Democratic lawmakers urged the SEC to tighten AI trading rules, Uniswap unveiled a no-code token auction tool, and South Korea's regulator fined Bithumb for a data leak.
Gold Bounces from Multi-Month Lows, Stays Near $4,000
Gold recovers from recent lows near $3,959 but remains under pressure, trading around $4,000 as the US Dollar's momentum stalls.
Micron's Market Cap Surges from $60B to $1.3T in 15 Months
A tweet from The Kobeissi Letter highlights Micron's extraordinary growth, with market cap rising from $60 billion to $1.3 trillion and quarterly revenue jumping from $8.1 billion to $41.5 billion over 15 months.
Euro Gains as US Dollar Retreats Despite Firm PCE Inflation
EUR/USD edged higher near 1.1380 on Thursday as the US dollar lost momentum despite sticky PCE inflation and resilient US economic data, while a slight improvement in German sentiment provided additional support.
Dow Hits Record 52,650 But Rally Questioned
The Dow Jones Industrial Average reached a new intraday high near 52,650 before retreating to 52,200, but the move is seen as lacking broad market support.
Silver Squeeze Unwinds but Sixth Annual Shortage Persists
The speculative squeeze on silver that built up in late 2025 has eased, but underlying supply deficits continue for the sixth straight year, complicating the bearish outlook.
UK Police Halt Two AI Models for Child Crime Risk Over Low Accuracy
Avon and Somerset Police and Bristol City Council have stopped using two AI tools for assessing child crime risk after audits revealed low accuracy and a lack of transparency, including missing source code.
Central Bankers Plan to Keep Accumulating Gold at Record Pace
Central bank gold reserves have risen by an average of 1,000 tonnes per year over the last four years, doubling the previous decade's average pace. The trend is expected to continue.
Gold Breaks Below $4,000, Down 28% from January Highs
Gold fell below $4,000 per ounce on Wednesday, marking a 28% drop from its record highs in January. The decline is described as a normal correction within a secular bull market.
Iran Proposes Fees for Strait of Hormuz Transit, WSJ Reports
Iran is pitching a plan to charge vessels for transiting the Strait of Hormuz, potentially earning $40 billion annually, according to the Wall Street Journal.
Crude Oil Poised for Rebound on Draws and Shorts – TD Securities
TD Securities strategists note that crude oil flows through the Strait of Hormuz are gradually normalizing, but around 10-11 million b/d of Middle East production remains at risk. Inventory draws and short positioning set the stage for a rebound.
British Pound Rebounds as USD Bulls Fade Despite Hot Core PCE
GBP/USD rose 0.22% to 1.3194, recovering from daily lows as the US dollar weakened despite stronger-than-expected Q1 GDP growth and elevated inflation data that could push the Fed to tighten further.
Bank of Japan Rate Hike to 1% Fails to Boost Yen
Despite raising interest rates to 1% on June 16, the highest since 1995, the Japanese Yen barely reacted, underscoring ongoing structural issues.
Thai Baht: BoT Holds Rate at 1.00%, Recovery Fragile – UOB
UOB economists note the Bank of Thailand kept its policy rate at 1.00% and expect this level to persist, supporting a fragile economic recovery.
Bitcoin Hits 2026 Low as $1.48B Liquidated in 24 Hours
Bitcoin plunged to a new low, with $78.95M liquidated in the last hour and $1.48B over 24 hours. US BTC ETFs saw $469M in outflows, hot inflation data dashed rate-cut hopes, and whales sold, with Strategy trimming its holdings.
Saylor's Strategy and Tom Lee's Bitmine Report Massive Unrealized Crypto Losses
According to a post by WatcherGuru, Michael Saylor's Strategy has an unrealized loss of $14 billion on its Bitcoin investment, while Tom Lee's Bitmine has an unrealized loss of $10.5 billion on its Ethereum investment.
Japanese Yen Gains Modestly After US PCE Data Meets Expectations
USD/JPY edged lower on Thursday after US PCE data matched expectations, but the yen remains pinned near 40-year lows.
TD Securities: BoC Balances Oil Risks and Weak Growth in June Deliberations
TD Securities analysts note the Bank of Canada's June Summary of Deliberations maintains a balancing act between higher oil price spillover risks and weak domestic growth.
CoinGecko: 70% of Pumpfun Tokens Stop Trading on Launch Day
A CoinGecko study of 18.6 million assets created on Pumpfun from January 2024 to June 2026 found that 68.6% saw their last trade on the day of launch, and only 4.5% traded for longer than three months.
AUD/USD Steady Near 0.6900 as US PCE Data Bolsters Fed Caution
The AUD/USD pair held near 0.6900 on Thursday, trading muted as the US dollar pulled back after PCE inflation data reinforced expectations of cautious Fed policy, while geopolitical risks added uncertainty.
USD/JPY Steady; Intervention Risk Near 162, Scotiabank Says
Scotiabank strategists report USD/JPY is steady ahead of Tokyo CPI data, with intervention risk emerging near 162 against the US dollar.
Canadian Dollar Gains on Oil Rebound, USD Slips After PCE Data
USD/CAD fell to 1.4205, down 0.21% on the day, as the Canadian dollar recovered on higher oil prices and a softer US dollar following PCE data.