Market news
Crypto, stocks, forex and macro, aggregated for traders.
Lira Stablecoins Overtake Euro Stablecoins in On-Chain Volume
On-chain transfers of Turkish lira-pegged stablecoins hit $3.4 billion in 2025, surpassing euro-denominated stablecoins. The gap between USD and euro stablecoins is 200-fold and widening.
Commerzbank: USD/CAD Surge Exaggerated, Says Analyst
Commerzbank strategist Michael Pfister argues that the recent rally in USD/CAD above 1.42 is overdone, citing falling oil prices and rising Fed hike expectations as temporary pressures on the Canadian dollar.
Iraq Threatens to Leave OPEC Over Quota Dispute
A senior Iraqi oil ministry official said Iraq may consider all options, including leaving OPEC, if its production quota is not significantly increased, according to Reuters.
GBP/JPY Bounces to 213.40 as Intervention Risks Rise
The British Pound trimmed losses against the Japanese Yen on Thursday, with GBP/JPY recovering to 213.40 after hitting lows near 212.50. Intervention risks are increasing.
ING: EUR/USD Could Return Higher on AI Sentiment Shift
EUR/USD is stabilizing above 1.1300 as calmer markets pause the dollar rally, with ING analyst Francesco Pesole pointing to AI-related sentiment as the primary driver.
Silver Holds Losses Near $57.50 as Bearish Bias Persists
XAG/USD trades lower for the third consecutive day around $57.40, maintaining a bearish bias as the price moves within a descending channel pattern.
UK Chancellor Reeves Says Andy Burnham to Be Next PM
UK Chancellor Rachel Reeves confirmed that Greater Manchester Mayor Andy Burnham will become the next Prime Minister following the resignation of PM Keir Starmer.
AUD/USD Oversold but Vulnerable: UOB Sees Range Trading
UOB analysts note AUD/USD's sharp fall to 0.6883 and recovery to 0.6901, with deeply oversold conditions likely to keep the pair trading between 0.6880 and a nearby resistance in the near term.
Canadian Dollar Hits 14-Month Lows on Fed Hikes, Lower Oil
The Canadian Dollar has sunk to a 14-month low, pressured by a stronger US Dollar on Federal Reserve tightening expectations and falling oil prices.
Thai Baht Weakens as BoT Holds Rate, Signals Caution
The Bank of Thailand kept its policy rate at 1.0%, adopting a cautious stance focused on growth risks. USD/THB advanced for five consecutive sessions, rising 0.9%.
Societe Generale: Indian Rupee Gains Limited vs US Dollar
Societe Generale reports that the Indian Rupee's appreciation against the US Dollar is restricted as domestic money markets continue to unwind tightening expectations.
US Dollar Index Holds Above 101.50 Ahead of US PCE Inflation Data
The US Dollar Index (DXY) traded around 101.60 on Friday, extending its winning streak for a fourth consecutive day as markets await the release of US PCE inflation data.
Micron Results Boost AI Trade as Markets Eye US PCE
Micron's earnings report lifted tech sentiment after a couple of red days, reigniting the AI trade as markets await US PCE data.
Oil Returns to Pre-War Levels, Easing Inflation and Rates Risks
Crude oil prices have fallen back to levels seen before the Ukraine conflict, reducing inflation pressures and the tail risk of a spike above $100. However, worsening growth dynamics, especially in the US, are now shifting the focus to repricing risk at the short end of the yield curve.
ING: Dollar Rally May Be Peaking as Core PCE Risks Cool
ING analyst Francesco Pesole suggests the US dollar rally may be near its peak, citing cooler core PCE inflation risks and a shift in Fed pricing.
Binance Withdraws MiCA License Application in Greece, Seeks Authorization in Another EU Country
Binance has withdrawn its application for a MiCA license in Greece, stating it intends to obtain authorization in another EU country. The exchange remains committed to MiCA compliance, aiming for a license in the coming months.
GBP/USD Risks Sliding to 1.3110 – UOB
United Overseas Bank analysts caution that GBP/USD may weaken toward 1.3110 after briefly breaking below 1.3160, with near-term pressure targeting 1.3130.
AUD/JPY Softens to Near 111.50 on Intervention Fears
The AUD/JPY cross trades lower near 111.50 during early European hours as the Japanese Yen strengthens on intervention fears and bearish technical bias.
USD/JPY Holds Near 2024 Highs as US Data Supports Dollar Carry
USD/JPY is trading near its 2024 highs as resilient US data and elevated US yields underpin the dollar carry trade, according to MUFG's Lloyd Chan.
Commerzbank: Soft Australian Data Support No-Hike RBA View
Commerzbank analyst Volkmar Baur says recent Australian labor market and inflation data provided little momentum for the AUD and support the view that the RBA is unlikely to hike rates again.
Silver (XAG/USD) Hovers at Seven-Month Lows Around $57 Ahead of US Inflation Data
Silver (XAG/USD) trades near $57.00, its lowest in seven months, after a nearly 12% sell-off over the previous two days. Markets await US inflation data for direction.
Tech Earnings Offset Oil Volatility: Danske Bank
Danske Bank notes global equities ended slightly lower with energy and materials dragging, but strong Micron results reinforced tech confidence and lower oil prices provided consumer relief.
EUR/USD Consolidates After Slide to 1.1324, UOB Says
UOB analysts note EUR/USD's downtrend extended to 1.1324 before a rebound, with the pair now expected to consolidate between 1.1330 and 1.1385 in the near term.
Bitcoin Recovers to $61,500 After Dropping to $59,000; Crypto Liquidations Top $994M
Bitcoin briefly fell to $59,000 overnight but has since recovered to around $61,500. Ethereum holds near $1,650. Total crypto market liquidations over the past 24 hours reached $994 million, with the majority ($781 million) being long positions.