Market news
Crypto, stocks, forex and macro, aggregated for traders.
USD Strengthens on Higher-for-Longer Fed Outlook, Haven Demand – Scotiabank
The US Dollar extends its firmer tone, driven by expectations of a prolonged hawkish Fed, safe-haven flows, and mixed equity markets, according to Scotiabank strategists.
Qualcomm to Launch Data Center CPU in 2028, Secures Hyperscaler Deals with Microsoft and Meta
Qualcomm announced plans to launch its first data center CPU in mid-2028 and secured deals with Microsoft for Azure deployments and Meta as a CPU supplier, as part of its push into AI infrastructure.
MUFG: Low Yields Weigh on Thai Baht Despite Lower Oil
MUFG analyst Lloyd Chan says the Thai Baht's underperformance stems from its low-yield status and the Bank of Thailand's growth-friendly policy that limits rate hikes, offsetting the benefit of cheaper oil.
WTI Crude Falls to Lowest Since March as Hormuz Shipping Normalizes
West Texas Intermediate crude oil slid more than 3% to its lowest level since March as stranded cargoes in the Strait of Hormuz gradually return to the market after a US-led interim peace agreement.
SocGen: BCB Minutes Support Paused Easing, USD/BRL Eyes 200-DMA
Societe Generale strategists note that Brazilian central bank minutes back a gradual easing cycle with pauses, targeting 3% inflation by Q1 2028, while USD/BRL approaches its 200-day moving average.
Gold Price Breaks Below $4,000 as US Dollar Hits 13-Month High
Gold (XAU/USD) collapsed over 3% on Wednesday as the US Dollar surged to a 13-month high, despite falling Treasury yields amid speculation that reopening the Strait of Hormuz could ease inflation.
Why the Loonie's Decline Isn't About Oil
The Canadian dollar has hit a 12-month low against the US dollar, but attributing the move solely to oil prices misses the broader picture, according to a market analyst.
Bitcoin Odds of Falling Below $50,000 in 2026 Jump to 64%
Market odds of Bitcoin dropping below $50,000 in 2026 have risen to 64%, with a 46% chance of falling under $45,000, according to prediction market data cited by The Kobeissi Letter.
Japanese Yen Faces 162 Resistance After Hawkish BoJ – Scotiabank
The Japanese Yen is only fractionally weaker against the US Dollar but outperforming G10 crosses as markets remain cautious over potential official intervention, according to Scotiabank strategists.
Crypto Market Cap Plunges 54% in 261 Days, Losing $2.3 Trillion
The total cryptocurrency market cap has fallen from a record $4.3 trillion on October 6, 2025, to just $2.0 trillion, a 54% decline over 261 days. The market has shed an average of $8.8 billion per day.
Australian Dollar Weakens as Bulls Fail to Find Catalyst
The Australian Dollar continues to lose momentum, unable to find a catalyst to reverse recent weakness. US Dollar dynamics and geopolitical tensions are weighing on the currency.
Gold and WTI Crude Slide Through Key Support Levels
Commodities are under pressure as gold and WTI oil break below important technical levels, according to Chris Beauchamp, Chief Market Analyst at IG.
Hungary CPI Drop Supports NBH Rate Cuts – Standard Chartered
Standard Chartered highlights that Hungary’s lower CPI, aided by a strong forint and government measures, supports further rate cuts by the National Bank of Hungary.
Crypto Roundup: Trump, Ethereum Foundation Cuts, CryptoQuant, DOJ
A roundup of crypto news: Trump's mid-term moves, Ethereum Foundation restructuring, CryptoQuant urging Strategy to pause Bitcoin buys, DOJ seizes Huione infrastructure, and other developments.
Gold Hovers Near 2026 Lows as USD Strength Persists
Spot Gold touched $3,964, its lowest since November 2025, before bouncing above $4,000. Persistent US Dollar strength continues to weigh on the metal.
British Pound Weakens After PM Starmer Announces Resignation
GBP/JPY fell to near 213.00 as UK PM Keir Starmer's resignation announcement weighed on sterling sentiment.
IDF and Lebanese Army Clash Over Withdrawal Scope, Axios Reports
Representatives of the Israeli Defense Forces and the Lebanese Army presented contradictory and rigid positions regarding the extent and starting areas of the Israeli withdrawal, according to an Axios reporter.
BNY: Commodity FX Positioning Shifts as AUD, NZD, NOK Lead Adjustments
BNY's Geoff Yu notes that IMM volume is concentrated in commodity currencies, with AUD, NZD and NOK seeing recent positioning adjustments. NOK and CAD face outflows linked to oil sensitivity and tightening expectations, while NZD and AUD have underperformed.
Silver Hits New Yearly Low on Fed Rate Hike Fears, PCE Caution
Silver (XAG/USD) extended its correction to a fresh yearly low near $58.75, dropping 4.62% on the day as expectations of further Federal Reserve rate hikes and caution ahead of PCE data weighed on the precious metal.
ECB's Schnabel: Further Hikes Needed to Reach 2% Inflation Target
European Central Bank Executive Board member Isabel Schnabel stated that additional interest rate increases are required to bring inflation back to the 2% target, reinforcing a hawkish stance.
USD/CAD Bulls Retain Upper Hand Above 1.4000
USD/CAD rallied to fresh highs since April 2025 on Wednesday, with bulls maintaining control above the 1.4000 level despite an overbought RSI reading.
Dow Jones Industrial Average Hits Record Intraday High, Closes Near 52,200
The Dow Jones Industrial Average surged to a new record on Wednesday, adding about 1% and closing near 52,200, just below its all-time high.
MUFG: MYR Bearish vs USD as US Yields Rise
MUFG analyst Lloyd Chan says the Malaysian ringgit has underperformed since the June FOMC meeting, pressured by higher US yields and a widening US-Malaysia rate differential.
VIX Call-Put Ratio Hits Highest Since July 2025 as Investors Seek Downside Protection
Open interest in VIX call options relative to puts has climbed to ~3.1, the highest since July 2025 and the second-highest since February 2025. Meanwhile, the spread between VIX and S&P 500 20-day realized volatility has narrowed to near zero, making volatility protection historically cheap.