Market news
Crypto, stocks, forex and macro, aggregated for traders.
EIA Forecasts US Oil Output at 13.72 Million Bpd in 2026, Up Slightly; Natgas Output Also Rises
The US Energy Information Administration (EIA) projects US crude oil output will average 13.72 million barrels per day in 2026, up from a prior estimate of 13.65 million bpd. For natural gas, output is seen rising to 111 billion cubic feet per day in 2026 from 110.6 bcf/d, while 2027 demand is forecast lower.
Electra AI and Naoris Quantum Protocol Partner on Post-Quantum Cybersecurity for Energy AI
Electra AI and Naoris Quantum Protocol have announced a partnership to build a post-quantum cybersecurity framework for AI monitoring of local energy infrastructure. The collaboration combines Electra AI's AI Brain for Batteries platform with Naoris' decentralized trust layer.
AUD/USD slips to 0.7040 as weak consumer confidence outweighs China trade data
The Australian Dollar fell against the US Dollar on Tuesday, with AUD/USD dropping to near 0.7040 as disappointing consumer confidence data overshadowed stronger-than-expected Chinese trade figures.
EUR/USD Rises as Middle East Tensions Ease, US CPI in Focus
The euro strengthened against the US dollar on Tuesday as signs of de-escalation in the Middle East reduced safe-haven demand for the greenback, while lower oil prices further supported the single currency.
ForkLog Reviews 'Hyposubjects' on Singularity and AI Economy
ForkLog has analyzed Timothy Morton and Dominic Boyer's book 'Hyposubjects: On Becoming Human', exploring its concepts on singularity, AI agent economies, and the idea that the network is greater than the sum of its nodes.
Indonesia FX Reserves Drop Further as BI Intervenes to Support Rupiah - UOB
UOB analysts note Indonesia's foreign exchange reserves declined in May as Bank Indonesia increased intervention to stabilize the weakening rupiah.
Onchain Crypto Card Payment Volumes Hit Record $833M in May, Up 180% YoY
Total onchain crypto card payment volumes reached a record $833 million in May 2026, surging 180% year-over-year, with cumulative volumes exceeding $9 billion for the first time.
Sterling Gains on Risk Appetite, Faces Resistance – Scotiabank
Scotiabank notes that sterling's recent outperformance against major peers is driven by broader risk appetite rather than domestic factors, with flow-driven gains now approaching key resistance levels.
Rabobank: Canada's Fragile Economy in Technical Recession
Rabobank describes Canada's economy as fragile, with two consecutive quarterly contractions marking a technical recession, weighed down by weak investment and trade.
Bloomberg Strategist Warns Rising Equity Issuance Signals Market Tops
Bloomberg macro strategist Simon White warns that rising equity issuance historically appears near market tops, corrections, or late-cycle bull markets.
Trump Family Reportedly Made $500M from Crypto Venture as Investors Suffered Losses
A Trump-linked crypto project generated approximately $500 million for the Trump family, while investors in the same venture reportedly faced significant financial losses.
USD/CNH Slides Toward Multi-Year Low as Yuan Rides Trade Surplus
The Chinese yuan continues to strengthen against the US dollar, with USD/CNH approaching support at its June multi-year low. Brown Brothers Harriman attributes the move to broad dollar weakness and China's stronger-than-expected trade surplus, boosted by AI-related exports and semiconductors.
South Korean Authorities Announce Measures to Stabilize Won – Commerzbank
Commerzbank analyst Charlie Lay reports that South Korean authorities have unveiled new measures to support the Korean Won, including tighter oversight of offshore FX derivatives, scrutiny of suspected misconduct, and expanded FX hedging by the National Pension Service through USD forwards.
TON Surges 19.5% After Durov Announces Renaming to Gram
TON price jumped from $1.89 to $2.26 after Pavel Durov said the blockchain's native cryptocurrency will be renamed Gram. The token has since corrected to around $2.
GBP Rises Against JPY on BoJ Bond-Tapering Pause Report
The British Pound strengthened against the Japanese Yen on Tuesday, supported by easing Middle East tensions and a Reuters report that the Bank of Japan is considering pausing its bond-tapering program.
US Tech Stock Divergence Hits Historic Levels, Nears Dot-Com Peak
The performance gap between the top and bottom quintiles of US tech stocks has reached ~120 percentage points over three months, the second-highest on record and approaching the 2000 Dot-Com peak of ~135 points. The spread has quadrupled in the past year.
Canadian Dollar Holds Near YTD Ceiling vs USD – Scotiabank
Scotiabank analysts note USD/CAD is little changed near the top of its year-to-date range, with conditions favoring a minor Canadian dollar rebound as risk sentiment improves.
US-Iran Talks Face Major Hurdles, Pakistani Sources Say
Pakistani government sources indicate that reaching an agreement to end the war between the US and Iran within days is unlikely due to a complex situation. Separately, Israel is accused of non-stop ceasefire violations in southern Lebanon.
Cognizant (CTSH) Forecast: Key Support Could Drive Rally to $100+
Analysts see a technical pattern called 'blue box support' on Cognizant's chart, which could trigger a move above $100. The IT services firm operates in financial, health, product, and communications segments.
Crypto Roundup: Morpho Raises $175M, Bitcoin Dips Below $63K
A roundup of recent crypto news including Morpho DeFi lending protocol raising $175M from Paradigm, a16z, and Ribbit Capital; Humanity Protocol wallet drain of over $36M; Zcash Ironwood upgrade; Bitcoin ETF outflows of $91.4M; SBI Bank's crypto rewards program; and more.
EUR/USD Sell Trade Hits +45 Pip Target
A EUR/USD sell trade entered at 1.1647 reached its target, yielding a 45-pip gain and 2.5% return.
Euro Weakens with USD Rally Despite Higher Eurozone Inflation
NBC National Bank Canada's analysts note the euro has declined alongside the broad USD rally, even as Eurozone inflation reaccelerates and pushes the ECB toward a more hawkish stance.
US Indices Open Higher as Dow Adds 229 Points
The Dow Jones Industrial Average rose 229.40 points (0.45%) to 51,015.41 at the open, the S&P 500 gained 40.45 points (0.55%) to 7,446.18, and the Nasdaq Composite climbed 192.17 points (0.74%) to 26,121.83.
Rabobank: JGB Policy Shifts Could Influence Japanese Yen
Rabobank's senior FX strategist Jane Foley notes that potential Bank of Japan changes to JGB purchases and rate hikes may impact the yen's outlook.