Market news
Crypto, stocks, forex and macro, aggregated for traders.
Yen Near 40-Year Lows vs Dollar – Deutsche Bank
The Japanese yen remains under pressure, trading close to 40-year lows against the US dollar, according to Deutsche Bank analysts.
Rabobank Cuts Brent and WTI Price Forecasts Through 2028
Rabobank lowered its Brent crude forecast for Q3 2026 to $79/bbl from $103, and expects Brent to average $74.50 in 2027 and $71 in 2028. WTI estimates were also reduced.
Euro Declines Against Yen as German Manufacturing PMI Flatlines
EUR/JPY fell for a second straight day on Tuesday, dropping to around 184.30 after Germany's HCOB Manufacturing PMI came in unchanged for June. Markets now await Eurozone-wide PMI figures.
Tech-Led Rotation and Volatility in Focus – Danske Bank
Global equities advanced but with high dispersion; US consumer and communication services under pressure while most S&P 500 sectors and small caps performed better, according to Danske Bank.
USD/JPY Has Scope to Revisit 2024 Low – UOB
UOB analysts note sharp intraday swings in USD/JPY after the pair spiked to 161.92, and see scope for a revisit of the 2024 low against the US dollar.
US VP Vance: Iran Agrees to IAEA Inspections as First Step
US Vice President JD Vance announced that Iran has agreed to allow IAEA inspectors back, calling it an initial move toward a broader nuclear settlement.
Brent Crude May Fall to $70 as US Dollar Strengthens on Fed Rate Hike Bets
Bank of America expects the Fed to raise rates three times in 2026, boosting the US dollar and pressuring Brent crude oil prices toward $70.
DBS: Starmer's Resignation Won't Trigger UK Budget Crisis
DBS Group Research economist Philip Wee believes Sir Keir Starmer's resignation and the Labour leadership contest are not a repeat of the 2022 mini-budget crisis, keeping the British Pound stable.
Euro Edges Lower After Weak German PMI Data
EUR/USD slipped from daily gains after Germany's HCOB Purchasing Managers Index data was released, trading around 1.1430 during European hours on Tuesday.
Ethereum Foundation Interim Director Warns Toxic MEV Risks, Encrypted Mempools Not a Panacea
Ethereum Foundation interim executive director Bastian Aue outlined a mandate execution plan, warning that toxic MEV could become the next major front in the cypherpunk war if users rely on a limited set of infrastructure intermediaries.
Italy Issues Red Heatwave Alert for 15 Cities
Italy's health ministry has issued a red alert heatwave warning for 15 cities, including Rome and Milan, effective Tuesday, with an additional city expected to be added on Wednesday.
Fed's Hawkish Tilt, Tech Stocks Slide, UK PM Starmer Resigns
US stock indices fell as tech giants Alphabet, Amazon, and Microsoft dropped sharply amid a hawkish Fed stance, while UK Prime Minister Starmer resigned.
Yen Intervention Risk and Sterling Rally on UK Leadership Hopes
Options market signals growing chance of JPY intervention ahead of US-Japan finance ministers meeting, while sterling gains on hopes of market-friendly UK Chancellor.
USD/JPY Approaches 162.00 as Asian Currencies Weaken – MUFG
MUFG notes that the US dollar is strengthening, pushing USD/JPY toward 162.00 amid orderly weakness in Asian currencies. The Japanese yen’s downside bias persists as the Bank of Japan lags the Federal Reserve.
WTI Slumps Below $73 as US-Iran Peace Talks Continue
West Texas Intermediate crude oil fell below $73 per barrel, reaching its lowest level since early March, as traders monitor ongoing US-Iran peace negotiations.
Kiwi Tests Year-to-Date Lows Near 0.5683
The New Zealand Dollar extended its losing streak for a fifth consecutive session, dipping below 0.5700 and approaching the year-to-date low of 0.5683 amid cautious market sentiment.
Danske Bank: Widening Rate Spreads Pressure EUR/USD
Danske Bank notes that EUR/USD opened the week under pressure as widening interest rate differentials continue to favor the US dollar over the euro.
AUD/USD Extends Losing Streak, Tests Descending Channel Bottom at 0.6950
The Australian dollar weakened for a sixth straight session, with AUD/USD hovering near 0.6960 and testing the lower boundary of a descending channel pattern, suggesting continued bearish pressure.
GBP/USD Bearish Bias Persists as Pair Tests Symmetrical Triangle Breakdown
The British Pound edged lower against major peers during Tuesday's European session but held firm versus Asia-Pacific currencies, with technicals pointing to a continued bearish outlook as the pair probes a symmetrical triangle breakdown zone.
US Crypto Groups Urge Congress to Pass Mining and Staking Tax Bill Without Amendments
The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber have called on the US Congress to pass the Tax Clarity for Mining and Staking Act unchanged, opposing a proposed five-year deferral limit.
Euro Area June Flash PMIs in Focus After US-Iran Deal
Euro area June flash PMI data is set for release, with market participants likely having responded after the US-Iran deal. The impact of lower oil prices may not yet be reflected in activity figures.
Euro declines below 1.1450 on US-Iran peace deal uncertainty
EUR/USD trades with mild losses around 1.1425 during early European session Tuesday as the US Dollar edges higher amid risk-off sentiment and a hawkish Federal Reserve, driven by uncertainty over a US-Iran peace deal.
Apollo Retail Private Credit Fund Sees Redemption Requests Surge to 17%
Redemption requests at Apollo's flagship retail private credit fund rose to 17% of assets in Q2, and investors sought to withdraw nearly $15 billion from nine major private credit funds.
USD/JPY Holds Above 161.50, Eyes Multi-Decade High Despite Intervention Fears
USD/JPY enters a bullish consolidation phase, trading just above 161.50, with traders eyeing multi-decade highs even as intervention fears persist.