Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Swiss Franc hits ten-month low as hawkish Fed boosts dollar
The Swiss Franc fell to its weakest level in over ten months as expectations of a hawkish Federal Reserve strengthened the US Dollar.
SecondFi Hacked, 16M ADA Stolen on Cardano
SecondFi has reported a security breach in its Cardano wallet, forcing the platform into safe mode. Hackers drained approximately 16 million ADA from 374 addresses, worth about $2.4 million at the time.
Japanese Yen Holds Near 162 as Intervention Risk Persists
The Japanese Yen trades with minimal losses near 162 against the US Dollar as mixed risk appetite and global equity fluctuations keep markets cautious. Intervention risk remains a key watchpoint amid ongoing Middle East developments.
GBP/USD Oversold Slide Targets 1.30 – Scotiabank
Scotiabank strategists report GBP/USD is weaker, driven by shifting Fed expectations and falling UK yields after inflation moderated, targeting the 1.30 area.
EUR/USD Extends Decline as Fed Tightening Expectations Outweigh German IFO Improvement
The euro fell for a third consecutive day on Wednesday, with EUR/USD trading around 1.1340, down 0.39%, as expectations of additional Federal Reserve tightening bolstered the US dollar and overshadowed better-than-expected German IFO business climate data.
ABN AMRO Sees Market-Friendly Burnham Path After Starmer Exit
ABN AMRO economists assess the market implications of UK Prime Minister Starmer's resignation, with Andy Burnham seen as likely successor. They describe the path as market-friendly.
AUD/USD Slips to Three-Month Low as Australian Inflation Cools
The Aussie dollar fell to 0.6890, its weakest in three months, after soft Australian inflation data. Traders now await the US PCE price index for further direction.
Grayscale's Pandl Says Bitcoin Looks Cheap, Two Risks Remain
Grayscale head of research Zach Pandl says Bitcoin appears undervalued but investors are monitoring two major risks.
US Bitcoin ETFs Record Largest 30-Day Outflow at $6.4B
US Bitcoin ETFs saw $6.4 billion in outflows over the past 30 days, the largest such outflow on record. Crypto funds overall posted their fifth consecutive weekly outflow.
Germany's Ifo Survey Signals Tentative Recovery – Commerzbank
Germany's Ifo Business Climate Index rose slightly in June, driven by an improved assessment of current conditions rather than expectations, according to Commerzbank economist Dr. Ralph Solveen, pointing to a tentative recovery.
Scotiabank: Euro Bearish Bias Toward 1.12 vs Dollar
Scotiabank strategists Shaun Osborne and Eric Theoret maintain a bearish bias on EUR/USD, targeting a move to 1.12, citing widening negative Eurozone–US yield spreads and hawkish Fed repricing.
WTI Crude Drops Below $70, Approaching Pre-War Levels Amid Easing Gulf Supply Concerns
West Texas Intermediate crude oil extended its sharp decline, trading around $69.70, down 4.40% on the day and hitting its lowest level since March as fears over Gulf supply disruptions subsided.
AUD/USD Pressured by Tech Sell-Off Amid RBA Hawkish Stance
ING strategist Francesco Pesole notes AUD/USD remains under pressure from the tech-driven equity sell-off due to the Australian dollar's high correlation with semiconductor stocks. Domestically, hotter core inflation is expected to keep the RBA's communication hawkish.
British Pound Slides Against Yen as BoJ Hawkishness Boosts JPY
GBP/JPY falls on Wednesday as the Japanese Yen strengthens on hawkish signals from the Bank of Japan, with the cross trading near 212.91.
US New Home Sales Miss Forecast in May, Drop to 580,000
May new home sales in the US fell to 580,000 units, missing the 640,000 forecast and declining from April's 622,000, signaling cooling housing demand.
Short Sellers Increase Bets Against SpaceX After 30% Drop
Short interest in SpaceX has risen from 8% to 13% following a 30% decline in its share price, indicating growing bearish sentiment. Some analysts caution that elevated short positions could trigger a short squeeze.
BNY: Recent USD Strength Reflects US Exceptionalism, Not Fresh Buying
BNY's Geoff Yu observes that the recent US Dollar strength is due to US exceptionalism rather than fresh cross-border buying, noting that underweights have already been adjusted.
AUD/USD Extends Decline to Fresh Multi-Week Lows on Fed Hawkish Bets
The Australian dollar continued its sharp selloff against the US dollar, falling to levels not seen since early April as the greenback strengthened on expectations of an early Fed rate hike.
ScotiaBank: Yield Spreads Drive Extended CAD Slump
ScotiaBank strategists note USD/CAD continues to climb as wider US–Canada yield spreads sustain the Canadian dollar's decline, which has been nearly straight since early May.
Moody's: Iran Conflict Costs US Families $100 Billion
Moody's estimates the US-Iran conflict has cost American households $100 billion through higher government spending and energy expenses, with ripple effects on inflation and economic strain.
US Stock Indices Open Mixed: S&P 500 and Nasdaq Edge Higher, Dow Dips
At market open, the S&P 500 rose 0.09% to 7,372.40, the Nasdaq gained 0.04% to 25,597.90, while the Dow Jones fell 0.06% to 51,636.15.