Market news
Crypto, stocks, forex and macro, aggregated for traders.
EUR/GBP Hits Multi-Month Low but Holds Above 0.8600 Support
EUR/GBP touched its lowest level since August 15, 2025 on Wednesday, briefly probing the 0.8610 zone, but strong support at the 0.8600 area remains intact.
SNB's Tschudin: Ready to Intervene in FX Market
Swiss National Bank policymaker Petra Tschudin stated the central bank is ready to intervene in the foreign exchange market if necessary, while noting that medium-term inflation pressures remain unchanged.
CryptoQuant Analysts Recommend Strategy Suspend Bitcoin Purchases, Restore USD Reserves
CryptoQuant analysts advise Strategy to halt bitcoin buying and rebuild US dollar cash reserves following a sharp decline in STRC dividend coverage.
Strait of Hormuz Talks Begin Amid Gulf Opposition to Transit Fees
Qatar's Prime Minister has initiated dialogue in Muscat with Oman, Iran, Gulf states, and Iraq over the reopening and future operation of the Strait of Hormuz, as Gulf states oppose proposed transit fees.
Hawkish Fed Sparks Risk-Off, Markets in Consolidation
Risk assets continue to decline as the Federal Reserve's hawkish stance at last week's FOMC meeting fuels risk-off sentiment and keeps markets in consolidation.
Iran: Nuclear Site Access Only Within Final US Agreement
Iran's deputy foreign minister stated that access to attacked nuclear sites and materials will only be examined within a final agreement with the US.
NZD/USD Hits Fresh YTD Lows Below 0.5650 as USD Soars
The New Zealand Dollar (NZD) extends its slide, falling to new year-to-date lows under 0.5650 against the US Dollar, driven by Federal Reserve tightening expectations and safe-haven demand for the USD.
Oil Drops Below $80 on US-Iran Thaw, Yield Outlook Signals Rate Hikes
Oil prices slipped below $80 as a more conciliatory US-Iran tone and increased shipping in the Strait of Hormuz eased energy pressures. Meanwhile, a new central bank chair has cemented expectations for further rate hikes.
Societe Generale Flags Downside Risks for AUD/USD
Societe Generale analysts warn that AUD/USD remains under pressure, with downside risks as the pair converges on the 0.69 area and the March–April trough near 0.6833.
Oil prices cool as Europe heatwave intensifies, tech sector volatile
Oil prices decline amid an intensifying heatwave in Europe and ongoing volatility in the tech sector, as markets continue to digest asymmetries.
Korea Chip Crash Exposes Crypto's Leveraged Risk
South Korean chip stocks Samsung and SK Hynix plunged over 12%, triggering a rapid unwind of leveraged ETFs that have gathered $9.1 billion since May, 92% of which are retail-held. The FSS governor acknowledged oversight was too late. The same retail capital is now driving a negative Kimchi premium (-1%) with Bitcoin at $62.4K, suggesting the chip selloff is weighing on crypto markets.
Euro Faces Downside Risk as Yield Gap Widens vs Dollar – MUFG
MUFG's Lee Hardman notes EUR/USD has broken below its long-held 1.1400–1.1800 range due to diverging ECB and Fed policy expectations, with softer Euro-zone data and easing energy prices reducing pressure on the ECB to hike further.
Silver (XAG/USD) Holds Above $61.00 Amid Strong US Dollar
Silver is trading a few cents above $61.00 on Wednesday, nursing marginal losses as the US Dollar remains strong.
Silver Falls 0.72% as XAG/USD Drops to $61.15
Silver prices declined on Wednesday, with XAG/USD trading at $61.15 per troy ounce, down 0.72% from the previous level of $61.60.
US Dollar Strength Driven by AI Equity Weakness, OCBC Analysts Say
OCBC analysts Sim Moh Siong and Christopher Wong note that AI-related equity weakness has boosted safe-haven demand, supporting the US dollar and leading to year-end forecast revisions.
France Detects First Imported Ebola Case
French authorities have detected an Ebola case in a doctor recently returned from the Democratic Republic of Congo, initiating isolation and contact tracing.
AUD/USD Falls to 0.6900, Further Drop Toward 0.6830 Seen
The AUD/USD pair declined 0.28% to near 0.6900 during Wednesday's European session, hitting its lowest level in over two weeks. Analysts expect additional downside toward the 0.6830 area.
OpenAI releases full GPT-5.5-Cyber model for cybersecurity specialists
OpenAI has launched the complete version of GPT-5.5-Cyber, a model specialized in finding, checking, and fixing vulnerabilities. The release comes amid restrictions on rival Anthropic and is limited to verified cybersecurity professionals under the Daybreak program.
USD/JPY Intervention Risk Caps Downside, Says MUFG
MUFG strategist Lee Hardman notes USD/JPY is trading near recent highs but remains capped below July 2024 peak of 161.95 due to intervention risks.
AI Drives Nasdaq Higher as Oil Warns of Inflation Return
The Nasdaq 100 continued its rally in the first week of June, supported by AI optimism, while oil prices hinted at a potential comeback of inflation.
Pound, Gilts Unfazed by UK PM Starmer's Resignation
The pound and UK gilts reacted calmly to Keir Starmer's resignation as prime minister, with analysts noting markets are growing less sensitive to political upheavals. The post also highlights Streeting as a bullish chancellor choice for sterling.
Hungary Cuts Rate by 25 bps to 6.00%; Standard Chartered Sees Faster Easing
The National Bank of Hungary cut its base rate by 25 bps to 6.00%, in line with expectations. Standard Chartered analyst Saabir Salad described the decision as notably dovish, signaling a faster easing path ahead.
Dow Jones Futures Slip on Hawkish Fed Outlook
Dow Jones futures fell 0.13% to near 52,000 during European hours Wednesday, while S&P 500 and Nasdaq 100 futures posted gains.
Euro Extends Losses Against US Dollar as Fed Hike Bets Firm
The euro continued its decline against the US dollar on Wednesday, falling 0.25% to around 1.1350 as expectations for further Federal Reserve rate hikes strengthened.