Market news
Crypto, stocks, forex and macro, aggregated for traders.
ECB June Forecasts to Include Higher Rate Assumptions, Modest Growth Downgrades – Nomura
Nomura analysts expect the ECB's June macroeconomic projections to incorporate higher market rate assumptions and exclude May HICP data, leading to modest downward revisions to growth forecasts.
MicroStrategy Unrealized Bitcoin Loss Hits Record $12.7 Billion
MicroStrategy's unrealized loss on its Bitcoin holdings has reached a record $12.7 billion, with the total position down $28 billion over the past 12 months.
Trump Says Strong Jobs Report Should Lift Stocks
Former President Donald Trump argued that a strong jobs report should boost stock markets, rejecting the idea that growth fuels inflation.
US Central Command: USS Tripoli Transits Arabian Sea as Blockade Against Iran Continues
The US Central Command reports that the amphibious assault ship USS Tripoli is transiting the Arabian Sea to support the ongoing blockade against Iran. So far, US forces have redirected 129 commercial vessels and disabled 6 to enforce compliance.
Commerzbank: Conflicting Demand Signals Weigh on Oil Outlook
Commerzbank analysts note that Brent and European gas prices edged up on renewed US-Iran tensions, but muted reactions reflect ample inventories and rerouted supply flows.
Euro Slips to Two-Month Low After Strong US Jobs Data
EUR/USD fell to a two-month low near 1.1559 as the US Dollar rallied following a stronger-than-expected Nonfarm Payrolls report.
ECB Hiking Cycle May Extend to 3% – Nordea
Nordea analyst Kristian Nummelin expects the European Central Bank to raise rates next week, citing elevated inflation and strong core momentum. Markets are pricing a similar extension of the hiking cycle to 3%.
Crystal First to Tag Belarus Crypto Service WHITEBIRD Over EU Sanctions
Blockchain analytics provider Crystal has labeled addresses of Belarusian crypto service WHITEBIRD as linked to sanctions evasion, citing the EU's 20th sanctions package. Other providers have not yet applied similar tags, highlighting inconsistencies in AML risk assessments.
TD Securities Expects ECB to Raise Deposit Rate to 2.25%
TD Securities forecasts that the European Central Bank will hike its deposit rate to 2.25% in response to persistent high energy costs.
US May Non-Farm Payrolls Soar to 172K, Far Above 85K Forecast
The US added 172,000 jobs in May, well above the 85,000 expected, while the unemployment rate stayed at 4.3%. The strong report is adding to market pressures.
U.S. Indices Mixed at Open: S&P 500 and Nasdaq Fall, Dow Edges Higher
At the market open, the S&P 500 dropped 0.69%, the Nasdaq fell 1.20%, while the Dow Jones rose marginally by 0.05%.
AUD/USD Slides After Strong US NFP Report
The Australian dollar retreated against the US dollar on Friday after a stronger-than-expected US jobs report boosted the greenback, pushing AUD/USD to around 0.7105, down 0.39%.
US Central Command: Iranian Forces Did Not Attack Navy Warships
The US Central Command denied reports that Iranian forces fired at American warships, stating it would violate a ceasefire. US forces continue to enforce a blockade against Iran.
Critical Zcash Bug Allows Counterfeit Minting, ZEC Plunges 50%+
A vulnerability in Zcash could have enabled unlimited counterfeit ZEC; the token dropped over 50% with liquidations exceeding $100 million.
Dell Technologies Eyed to Rally Toward $700
A market note suggests Dell Technologies (NYSE: DELL) stock could advance towards the $700.00 level.
Commerzbank Warns US Aluminium Supply Strain Risks Demand Destruction
Commerzbank analyst Thu Lan Nguyen reports that US aluminium supply remains tight more than a year after tariffs, with a planned Oklahoma smelter blocked on environmental and ownership grounds, domestic production falling, and high prices and import premiums threatening demand destruction.
USD/JPY Hovers Near 160.00 After Upbeat US Jobs Report
USD/JPY traded near 160.00 on Friday, virtually unchanged on the day, after rebounding from intraday lows following a strong US jobs report. The level is closely watched as intervention territory.
Euro Slips Against Pound After Eurozone Growth Revision
The euro fell against the British pound on Friday following a downward revision to Eurozone GDP data, which raised concerns about the region's economic recovery. EUR/GBP traded near 0.8642, pulling back from recent gains.
Chainalysis: Gray Market Peptide Payments Surge Past $100M, Driven by Bitcoin and Stablecoins
Chainalysis reports on-chain payments for gray market peptides exceeded $100 million annually, with Q1 inflows jumping 159% to $32 million, partly due to high costs of weight-loss drugs like Ozempic.
RBI Holds Repo Rate at 5.25%, Takes Steps to Defend Indian Rupee
The Reserve Bank of India kept the repo rate unchanged at 5.25% with a neutral stance and announced measures to support the rupee and attract foreign investment.
US Nonfarm Payrolls Surge to 172K in May, Far Above 85K Forecast
The US economy added 172,000 jobs in May, significantly exceeding the market consensus of 85,000, according to the Bureau of Labor Statistics.
US Nonfarm Payrolls rise by 172K in May vs. 85K forecast
The US added 172,000 jobs in May, sharply beating the 85,000 consensus estimate, according to the Bureau of Labor Statistics.
US Adds 172K Jobs in May, Far Above 85K Forecast
The US economy added 172,000 jobs in May, crushing the consensus estimate of 85,000. The unemployment rate held steady at 4.3%, with April's payrolls revised up by 64,000.
US Nonfarm Payrolls Rise 172K in May, Beating Expectations
The US added 172,000 jobs in May, well above the 85,000 consensus forecast.