Market news
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UAE Oil Exports Rebound to 85% of Pre-Conflict Levels
UAE crude shipments have recovered to 85% of Abu Dhabi's pre-conflict levels, signaling a rapid normalization of energy exports from the Gulf region despite ongoing Middle East tensions.
UOB highlights sharp selloff in AUD/USD, sees risk to 0.6835
AUD/USD plunged 1.22% to 0.6908, leaving the pair deeply oversold but with further downside risk, according to UOB analysts. They note potential for a brief intraday break below 0.6900, targeting 0.6835.
WTI Oil Drops Below $72 as Iran Eases Strait of Hormuz Tensions
WTI crude oil extended its decline below $72.00 on Wednesday, hitting its lowest level since the UAE and Israel attacked Iran in late... as Iran eased its grip on the strategic Strait of Hormuz.
Gold Bears Stay in Control as Fed Rate-Hike Bets Lift USD
Gold (XAU/USD) recovers slightly from nearly two-week lows near $4,050, but bears retain control as Federal Reserve rate-hike expectations continue to support the US dollar.
US Stocks Fall as Chipmaker Sell-Off Drags Indexes
US equities experienced a risk-off session with major indexes pressured by a sharp sell-off in chipmakers. The Nasdaq fell more than the S&P 500 as semiconductor weakness dragged broader benchmarks.
Silver Rebounds Toward $62 After Hitting Six-Month Lows
Silver (XAG/USD) recovered from a six-month low, trading around $61.70 during European hours after a 5% loss the previous day.
Tech Rout Sends US Stocks Lower, Dollar Hits Fresh 2026 High
US equity benchmarks fell sharply on Tuesday as a selloff in technology stocks deepened, while the US dollar strengthened to a new high for 2026.
Ethereum Foundation Announces Major Reorganization, 40% Budget Cut
The Ethereum Foundation has announced a major reorganization and a new governance structure. Co-founder Vitalik Buterin also revealed a ~40% budget reduction as the foundation shifts to a long-term capital management model.
USD/JPY Breaks Above 160, Intervention Fears Cap Gains – OCBC
USD/JPY has broken back above 160, but intervention risk and official warnings are limiting further upside relative to other G10 currencies, according to OCBC strategists.
USD/CHF Nears Seven-Month Highs at 0.8125 as Dollar Strengthens
USD/CHF extends its rally for the sixth consecutive day, approaching 0.8125, driven by broad US Dollar strength amid a tech stock rout and emerging cracks in the US-Iran peace deal.
EUR/USD Drops Below 1.1400 on USD Strength, Risk-Off Mood
EUR/USD has fallen below the 1.1400 level as the US dollar strengthens across G10 currencies, with risk-off sentiment weighing on equities and pushing oil prices lower, according to Danske Bank.
Indonesian Rupiah Weakens as Hawkish Fed Tone Lifts US Dollar
The Indonesian Rupiah declined against the US Dollar for a third consecutive day, with USD/IDR trading near 17,980 during Asian hours Wednesday, as the greenback strengthened on expectations of continued hawkish Federal Reserve policy.
DXY Holds Above 101.50, Overbought RSI Points to Pullback Risk
The US Dollar Index (DXY) is trading near 101.50 in early European hours, but overbought RSI signals suggest a potential corrective decline.
Gold Falls Toward $4,000 on Strong USD, Fed Expectations
Gold has retreated toward $4,000 per ounce amid a broad market sell-off, pressured by a stronger US dollar and expectations of higher-for-longer Federal Reserve policy, according to ING analysts.
BOJ Signals Further Rate Hikes as Inflation Nears 2% Target
The Bank of Japan said it will likely continue raising interest rates as underlying inflation trends toward 2%, while monitoring Middle East developments, AI investment profitability, and overseas nonbank financial risks.
Oil Prices Slide as Hormuz Traffic Resumes Recovery
Crude oil prices continue to decline as shipping flows through the Strait of Hormuz begin to recover, signaling expectations of a quick normalization in regional transit.
RBA's Hauser: Inflation Still Too High, More Work Needed
Reserve Bank of Australia Deputy Governor Andrew Hauser stated that inflation remains far too high and the central bank still has work to do to bring it down.
EUR/GBP Tests 10-Month Lows Near 0.8610 as Risk Aversion Persists
The euro weakens against the pound for a fourth straight session, with EUR/GBP dropping to around 0.8610, its lowest level in ten months, amid continued risk-off market conditions.
Global Equity Selloff Deepens as Tech Drops 4%: Danske Bank
Danske Bank reports a sharp global equity selloff with technology stocks falling over 4%, while defensive sectors show resilience, indicating a rotation out of growth.
KB Home Q2 Earnings Meet Estimates, Down from Year Ago
KB Home reported Q2 earnings of $0.43 per share, in line with the Zacks Consensus Estimate, but down sharply from $1.50 per share a year ago.
NZD/USD Extends Losses to Six Days, Near 0.5655 on Hawkish Fed
The New Zealand Dollar weakened against the US Dollar for a sixth straight session, trading near 0.5655 in early European hours, pressured by a hawkish Federal Reserve stance.
Israel and Lebanon in Talks on US-Backed Troop Withdrawal Pilot Project
Three Israeli officials report that Israel and Lebanon are negotiating a US-supported pilot project for Israeli troop withdrawal from parts of southern Lebanon, with handover to Lebanese forces.
New Car Registrations Rise in Most CEE Countries
Year-to-date car registrations in Central and Eastern Europe increased through May, with most countries showing growth. Romania and Slovakia were the exceptions, where registrations did not rise.
Riksbank Minutes Expected to Show Split Among Board Members
Sweden's Riksbank will release minutes today after leaving the policy rate at 1.75% and raising the rate path. The board was divided in May, and the minutes are expected to confirm a continued split.