Market news
Crypto, stocks, forex and macro, aggregated for traders.
GBP/USD Holds Above 1.3150 as US PCE Data Looms
The British pound recovered to near 1.3175 during Asian trading on Thursday, but gains may be capped by UK political uncertainty and expectations of further US rate hikes.
AUD/USD Slides for Eighth Consecutive Day on Labor Data
The Australian dollar extended its decline against the US dollar for an eighth straight session, trading near 0.6900 after domestic labor market data weighed on the currency.
Spot Gold Falls Nearly 1% to $3,962.11
Gold slipped nearly 1% to $3,962.11 per ounce as investors reduced safe-haven demand amid shifting risk sentiment in global markets.
Shanghai Tin Futures Fall Over 3% on Base Metals Weakness
Shanghai's most active tin futures contract dropped more than 3% amid broad weakness in base metals, reflecting weaker industrial demand expectations and cautious sentiment in the commodities market.
Israel Says IDF Will Stay in Southern Lebanon Despite US Pressure
Israeli Defense Minister Israel Katz stated that the military will not withdraw from southern Lebanon, pushing back against US pressure, as continued fighting hinders permanent peace.
AUD/JPY Drops After Australian Jobs Data, JPY Supported by Intervention Fears
The AUD/JPY pair fell after Australia's employment data, nearing its lowest since April, while the Japanese yen drew support from intervention concerns.
U.S. Crude Futures Fall Over $1 to Lowest Since Feb 27
U.S. crude oil futures dropped more than $1, hitting their lowest level since February 27, as the market grapples with rising supply and weaker demand outlook.
Iran Moved $3.84B Through CoinEx to Bypass US Sanctions: WSJ
According to a Wall Street Journal report, Iran allegedly routed approximately $3.84 billion through the crypto exchange CoinEx to facilitate international transactions and circumvent U.S. sanctions.
Major U.S. Banks Pass Fed Stress Tests; Critics Question Transparency
Major U.S. lenders including JPMorgan Chase and Bank of America passed the Federal Reserve's annual stress tests, clearing the way for potential dividend hikes and share buybacks. The results were widely expected after the Fed began disclosing scenarios in advance, drawing both praise and criticism.
Venezuela Activates Emergency Declaration After Earthquake
Venezuela's government has activated an emergency declaration following a major earthquake, Vice President Delcy Rodríguez announced. The measure aims to accelerate rescue operations and mobilize national resources.
U.S. Crude Futures Drop $1.10 on Rising Middle East Supply
U.S. crude oil futures fell $1.10 to $69.24 per barrel as increased supply from Middle Eastern producers added downward pressure on prices, reflecting easing supply concerns and cautious demand.
USD/CAD Falls as Canadian Dollar Strengthens on USD Weakness
USD/CAD snapped its winning streak, trading near 1.4230 in Asian hours as the Canadian dollar gained ground despite a hawkish Federal Reserve outlook.
JPMorgan Sees US Stocks Approaching 'Blue Sky' Scenario
JPMorgan Chase believes US equities are nearing a 'blue sky' outcome, citing stronger corporate earnings and a potential diplomatic agreement on Iran.
IRGC Says Safe Transit Through Strait of Hormuz Only via Iran-Designated Routes
The Iranian Revolutionary Guards warned that safe passage through the strategic strait is limited to routes assigned by Tehran, raising geopolitical risks.
China Continues to Reduce U.S. Treasury Holdings
China is steadily trimming its holdings of U.S. Treasuries, diversifying reserves into gold and other currencies while reducing exposure to dollar-denominated debt.
Australia's Unemployment Rate Falls to 4.4% in May, Matching Expectations
Australia's unemployment rate declined to 4.4% in May from 4.5% in April, according to ABS data released Thursday, meeting market forecasts.
BoJ's Tamura: Japan's Neutral Rate Around 2%
Bank of Japan board member Naoki Tamura said Japan's neutral rate is approximately 2% and stressed the need to gradually move the policy rate toward that level to avoid abrupt rate hikes.
Fed Balance Sheet Rises $11B to $6.74 Trillion, Highest Since March 2025
The Federal Reserve's balance sheet increased by $11 billion in the week ending June 17, reaching $6.74 trillion, the highest level since March 2025. Treasury holdings surged $251.8 billion year-to-date, while MBS holdings declined.
WTI Holds Gains Near $70.00 After Three-Day Losing Streak
West Texas Intermediate crude oil recovered to around $69.90 per barrel during Asian hours on Thursday, snapping a three-day losing streak.
Japanese Yen Holds Steady Amid Intervention Speculation
USD/JPY trades near 161.75 as traders remain on high alert for possible Japanese intervention.
Japanese Yen Steady as Intervention Speculation Intensifies
USD/JPY holds near a multi-decade high around 161.75 as traders remain on alert for possible Japanese currency intervention.
Euro Falls to Near 1.1350 as Fed Hike Bets Rise Ahead of PCE Data
The EUR/USD pair dropped to around 1.1355 in Asian trade as traders increase bets on US rate hikes ahead of PCE inflation data.
Japan Portfolio Flows: Foreign Investors Sell Bonds, Buy Stocks
Japan's weekly portfolio flow data for the week of June 20 shows foreigners net sold ¥1,057.3B in Japanese bonds, a larger outflow than the prior week, while they net bought ¥479.4B in Japanese stocks, reversing prior selling. Japanese investors increased overseas stock purchases and reduced bond buying.
US Wealth Divide Widens: Top 20% Account for Record 58% of Personal Spending
The top 20% of US earners now make up 58% of all personal spending, the highest on record, while the bottom 80% account for just 42%, the lowest. The gap has grown sharply since the pandemic.