Market news
Crypto, stocks, forex and macro, aggregated for traders.
Indonesian Rupiah Hits Historic Lows as Forex Reserves Plunge
The Indonesian rupiah weakened to an all-time low against the US dollar, reaching 18,210 during Asian trading, as foreign exchange reserves fell sharply.
AUD/JPY Strengthens Above 113.00 on Hawkish RBA Stance
The AUD/JPY cross rose above 113.00 during early European trading, supported by the Reserve Bank of Australia's hawkish policy stance.
Gold Slips to March Low Near $4,300 as USD Strengthens on Fed Hike Bets
Gold (XAU/USD) fell to its lowest since March 23, near $4,300, as a stronger US dollar on geopolitical tensions and Federal Reserve rate hike expectations weighed on the precious metal.
Euro May Bounce Back Above 1.1500 After USD Rally Stalls
The US Dollar Index surged to 100.109 after stronger-than-expected NFP data (172k) raised Fed rate hike odds, but a pullback between 100.10 and 100.50 is expected. EUR/USD could recover while holding above 1.1500.
Brian Armstrong: AI Demand 'Near Infinite', 80% of Workloads to Shift to Cheaper Models
Coinbase CEO Brian Armstrong predicts near-infinite demand for AI but expects 80% of workloads to run on 99% cheaper models within 12-18 months, with energy and compute as the limiting factors.
Gold Nears Three-Month Low at $4,300 Amid Renewed Mideast Tensions and Hawkish Fed
XAU/USD hovers near a three-month low of $4,300 in Asian trade as escalating Middle East hostilities and a hawkish Federal Reserve weigh on the precious metal, with further downside risks remaining.
Israel Intercepts Missile Launched from Yemen, Sirens Sound in Tel Aviv
The Israeli military intercepted a missile launched from Yemen toward Israeli territory, triggering air raid sirens in Tel Aviv, according to The Guardian.
EUR/JPY Rebounds from Triangle Bottom, Trades Near 185.00
EUR/JPY recovered from the lower boundary of a triangle pattern and is trading around 184.90 during Asian hours, following a gain of over 0.5% in the previous session.
US House Committee Circulates 7 Draft Bills on Crypto Tax Rules
The US House Ways and Means Committee has circulated seven draft bills on digital asset taxation, including proposals for tax relief on mining and staking, as well as a de minimis exemption for small crypto transactions.
AUD/USD Flat Around Mid-0.7000s, Vulnerable Below 100-Day SMA
The AUD/USD pair attracts some buyers after hitting a nearly two-month low near 0.7025, but remains flat around the mid-0.7000s and appears vulnerable below the 100-day SMA.
US Dollar Index Holds Steady Near 100.00 on Middle East Tensions, Fed Hike Bets
The US Dollar Index (DXY) trades near 100.10 during Asian hours, supported by heightened Middle East tensions and increased expectations for further Federal Reserve rate hikes.
Silver Price Drops to Near $67.70 on Middle East Tensions
Silver (XAG/USD) declined for a second consecutive day, trading near $67.70 per troy ounce during Asian hours, as escalating Middle East tensions boosted oil prices and reignited inflation and interest-rate worries.
Peter Schiff Rejects Jamie Dimon's Call for Crypto Bank-Level Regulation
Peter Schiff pushes back on Jamie Dimon's proposal to subject crypto firms to the same capital and compliance standards as banks, arguing that stablecoin issuers do not engage in risky lending like FDIC-insured institutions.
Canadian Dollar Hits Fresh Low Since Late March Despite Oil Rally
USD/CAD touched a new high since late March during Asian trading on Monday, as the Canadian dollar weakened even as oil prices rallied.
Israeli Air Force Strikes Military Targets in Western and Central Iran
The Israel Defense Forces confirmed airstrikes on military targets in Iran in retaliation for Iranian missile attacks on northern Israel, according to BBC.
EUR/USD Breaks Below Contracting Triangle, Bearish Signs
EUR/USD slipped below a contracting triangle pattern with support at 1.1595 on the 4-hour chart, showing bearish signals as it trades under the 100- and 200-period simple moving averages.
NZD/USD rebounds to near 0.5800 as risk aversion eases
The New Zealand Dollar recovers from previous losses, trading around 0.5810 during Asian hours on Monday, as the US Dollar softens amid easing risk aversion after Trump criticized Israeli strikes.
EUR/USD Rises Above 1.1500 on ECB Rate Hike Expectations
The euro edged higher past 1.1500 early Monday, supported by bets on further ECB rate hikes, but gains may be limited by escalating Middle East tensions.
PBOC Sets USD/CNY Fix at 6.8198, Weaker vs. Previous 6.8157
The People’s Bank of China set the USD/CNY central parity rate at 6.8198 on Monday, weaker than Friday's fix of 6.8157.
GBP/USD Edges Higher from Three-Week Low as Dollar Rally Pauses
The British pound recovered slightly from a three-week low against the US dollar on Monday, climbing into the mid-1.3300s as the dollar rally took a breather.
WTI Holds Gains Near $90.50 as Iran Launches Missiles Toward Israel
West Texas Intermediate oil prices opened with a bullish gap but edged lower, trading around $90.50 in Asian hours following Iran's missile launch toward Israel.
OPEC+ Agrees 188,000 bpd Output Hike for July
OPEC+ has agreed to a production increase of 188,000 barrels per day in July, the fourth consecutive monthly quota hike, despite ongoing disruptions to a key oil shipping strait.
USD/JPY Holds Above 160.00 After Japan Q1 GDP Data
USD/JPY trades near 160.30 during Asian hours Monday, holding above the key 160.00 level after Japan's Q1 GDP data. Market participants remain alert to potential government intervention.
Nvidia CEO Confirms SK Hynix as Largest Partner Under Multi-Year Deal
Nvidia CEO Jensen Huang confirmed that SK Hynix will continue as Nvidia's largest partner under a multi-year deal with extension options, with annual procurement already in the billions and expected to grow.