Market news
Crypto, stocks, forex and macro, aggregated for traders.
AUD/USD Bounces From April Lows After Soft Australian CPI
The Australian dollar edged higher against the US dollar on Wednesday after softer-than-expected Australian consumer inflation data, recovering slightly from its lowest level since early April near 0.6900.
Guide to Prop Trading: Rules, Risks, and Choosing a Firm
A new guide from FXStreet explains how prop trading accounts work, the risks involved, and how to select a firm that matches your strategy.
Australia CPI Slips to 4.0% YoY in May, Below Forecasts
Australia's annual CPI inflation eased to 4.0% in May, missing the 4.4% consensus estimate and down from 4.2% in the prior month.
Australia's CPI Inflation Eases to 4.0% YoY in May, Below Expectations
Australia's annual CPI inflation slowed to 4.0% in May, missing the 4.4% forecast and down from 4.2% previously, according to the Australian Bureau of Statistics.
Australia CPI Slows to 4.0% in May, Below Forecasts
Australia's annual CPI eased to 4.0% in May, missing the 4.4% consensus estimate and down from 4.2% in the prior month.
NZD/USD Extends Losses to Sixth Day on Dollar Strength
The New Zealand Dollar continues to fall against the US Dollar, with NZD/USD trading near 0.5660. The greenback is supported by Middle East tensions and firm US economic data.
Iran's President Says No Negotiation on Ballistic Missiles
Iranian President Masoud Pezeshkian stated that Tehran's ballistic missile program will not be included in negotiations with the United States, according to a BBC report.
PBOC Sets USD/CNY Fix at 6.8195, Higher vs Previous
The People's Bank of China set the USD/CNY central rate at 6.8195 on Wednesday, up from 6.8171 the prior day and above a Reuters estimate of 6.7913.
WTI Crude Oil Hovers Near March Lows Around $72.50 on Easing Supply Worries
West Texas Intermediate crude oil is trading around $72.50, near its lowest since early March, as easing supply concerns weigh on prices.
USD/JPY Holds Near 161.50 as Yen Intervention Fears Linger
The USD/JPY pair is trading flat around 161.60 in early Asian hours Wednesday, as traders remain vigilant for possible Japanese intervention while increased Fed rate hike expectations may support the dollar.
GBP/USD Falls on USD Strength Amid Robust US Data
The British pound declined against the US dollar on Wednesday, with GBP/USD trading near 1.3200 during Asian hours. The greenback gained support from strong domestic economic reports and mixed geopolitical factors.
EUR/USD Falls Below 1.1400 as Fed Rate Hike Expectations Boost Dollar
EUR/USD extended its decline to near 1.1380 in early Asian trading, pressured by growing bets on a Federal Reserve rate hike that lifted the US dollar. Traders also monitored US-Iran peace developments.
BOJ June Meeting Opinions Show Hawkish Tone, Members Support Rate Hikes
Bank of Japan June meeting opinions reveal a hawkish lean, with members advocating continued rate increases, citing accommodative financial conditions and currency-driven import costs fueling inflation.
BoJ Member Says Suitable to Keep Hiking, Conditions Accommodative
The Bank of Japan's Summary of Opinions from its June meeting includes a member stating that it is suitable to continue raising rates as conditions remain accommodative.
AUD/USD Plunges Over 1.2% as Risk Aversion Boosts USD
The Australian dollar fell more than 1.2% against the US dollar on Tuesday, trading at 0.6915, driven by risk aversion and expectations of higher US interest rates strengthening the greenback.
Gold Drops to Near $4,100 on Fed Rate Hike Bets
Gold price slid to around $4,100 as traders anticipate Fed rate hikes amid inflation concerns.
MSCI USA Momentum ETF surges 38% YTD, 4x S&P equal-weight
The MSCI USA Momentum Factor ETF (MTUM) has risen 38.2% year-to-date, outpacing the S&P 500 equal-weighted index by a factor of four. The ratio between the two has reached a record high of approximately 172, indicating momentum stocks are dramatically outperforming the average stock.
Australia May CPI Expected to Show Accelerated Inflation
The Australian Bureau of Statistics will release the Consumer Price Index for May on Wednesday at 01:30 GMT, with markets anticipating a further acceleration in inflation.
MSCI Warns Indonesia May Be Reclassified to Frontier Market
MSCI has warned that without sufficient progress by November, it may pursue reclassification of Indonesia from emerging to frontier market status, a move that could spur further foreign capital outflows.
MSCI Delays Indonesia Market Status Review to November 2026
MSCI has postponed its review of Indonesia’s market status to November 2026, citing the need for more time to assess the effectiveness of recent reforms on transparency, investor disclosures, and free-float requirements.
Canadian Dollar Falls 0.4% as USD Strengthens, Oil Weighs
The Canadian dollar fell 0.4% on Tuesday as the US dollar hit new year-to-date highs and oil prices declined, pushing USD/CAD above 1.4200 for the first time since April.
SpaceX Prices $25 Billion Bond Offering, One of Largest Corporate Debt Sales This Year
SpaceX has priced its inaugural $25 billion bond offering, one of the largest corporate debt sales this year, across five tranches of senior notes maturing between 2031 and 2056. Proceeds will repay a bridge loan and support general corporate purposes.
Price vs Market Cap: Why 10T Supply Token at $0.00001 Means Little
A token with a 10 trillion supply and a tiny price per coin can still have a massive market cap. The post uses a pizza cutting analogy to explain why price alone is misleading.
Hedge Funds Bet $18 Billion Against Brent Crude, Most in Decade
Hedge fund net short positions on Brent crude have surged to roughly $18 billion, the highest in at least ten years, with short bets more than tripling over the past three months.