Market news
Crypto, stocks, forex and macro, aggregated for traders.
SOX Semiconductor Index Posts Historic Volatility, Up 175% in Year
The Philadelphia Semiconductor Index (SOX) has seen nine single-day gains of 5% or more in the last 60 trading days—a level last seen in January 2009. The index is up 175% over the past 12 months and trading at all-time highs.
USD/SGD Range Trade Supported Around 1.29 – UOB
UOB analysts note USD/SGD remains supported near 1.29 as the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) trades near the top of its band, suggesting the pair will hover close to this level.
British Pound Rises as US-Iran Talks Offset UK Political Shock
The Pound Sterling advanced 0.14% on Monday as US-Iran negotiations laid a "good foundation" after the first round of talks, offsetting domestic political uncertainty.
BNY: Carry Trade Unwinding Signals Potential Recovery
BNY's Geoff Yu notes that iFlow Carry has turned negatively significant for the first time in 2026, indicating ongoing unwinding but also a potential contrarian opportunity.
USD/JPY Retreats from 161.90 Highs, Hits 161.07 on Intervention Watch
The USD/JPY pair fell to 161.07 on Monday, retreating from highs near 161.90, as traders remain alert to possible Japanese intervention after the pair approached four-decade highs.
Nomura: GBP Calm on Starmer Resignation, Focus on Burnham PM Prospects
Nomura's Dominic Bunning notes that the British pound has reacted calmly to Keir Starmer's resignation, with market attention shifting to the likelihood of Andy Burnham becoming Prime Minister and his policy choices.
Tether Blacklisted 2362 Addresses, Blocked $1.64B in Six Months
USDT issuer Tether has added 2,362 addresses to its blacklist over the past six months, freezing $1.64 billion in tokens across Ethereum and TRON networks. The move highlights the centralized control even on non-custodial wallets.
Silver Rises on US-Iran Diplomatic Progress, Upside Capped by Hawkish Fed
Silver (XAG/USD) edged higher on Monday, snapping a three-day losing streak, as diplomatic progress between the US and Iran boosted investor interest, though gains were limited by a hawkish Federal Reserve outlook.
BoC Holds Steady as Core Inflation Stays Contained Despite Headline Rise
National Bank of Canada analysts note that headline inflation rose to 3.2% in May, but the Bank of Canada remains patient due to contained core inflation. Gasoline and food drove the increase.
Chinese AI stocks surge as Zhipu, MiniMax gain hundreds of percent YTD
Zhipu shares have jumped over 2,000% year-to-date in Hong Kong, while rival MiniMax has gained 260%. The rally follows new Chinese government measures to boost AI adoption across multiple sectors.
TD Securities: Fed Hawkish Hold Through 2027
TD Securities forecasts the Federal Reserve will maintain a hawkish stance and keep policy rates unchanged through 2026, potentially extending into 2027.
Deutsche Bank: Sterling Risk Premium Already Priced In Ahead of UK Leadership Shift
Deutsche Bank notes that markets have largely anticipated a change in UK leadership, leaving the risk premium on sterling already priced in ahead of the Autumn Budget.
Canada Inflation Hits 3.2% in May on Energy, Airfares, Food – RBC
Canadian consumer price inflation rose to 3.2% year-over-year in May, driven by higher energy costs, airfares, and food, according to RBC economist Abbey Xu.
USD/CAD Holds Near April Highs Despite Stronger Canadian CPI
The Canadian Dollar failed to rally on stronger-than-expected inflation data, leaving USD/CAD little changed near 1.4165, its highest since April.
TD Securities: Tight Summer Balances Support Higher Oil Prices
TD Securities analysts Ryan McKay and Bart Melek note that crude oil and petroleum product flows from the Middle East have rebounded sharply, but the surge is seen as temporary. Tight summer balances are expected to support higher oil prices.
Polish GDP Growth Slows in Q2, But 2026 Target Remains Achievable
Polish retail sales and construction output disappointed, causing Q2 GDP growth to fall below the 3.5% YoY rate seen in Q1. However, strong investment may still support a 3.4% growth rate by 2026.
Netanyahu Says IDF Has Full Freedom of Action in Southern Lebanon
Israeli Prime Minister Netanyahu stated that the IDF has no restrictions in southern Lebanon and will remain in a security zone as necessary to protect northern residents.
Lagarde: No Evidence of Inflation De-anchoring to Warrant Stronger ECB Action
ECB President Christine Lagarde said Monday that there is no evidence of inflation expectations becoming unanchored, which would require a more aggressive policy response, despite geopolitical uncertainties.
Sterling Vulnerable to Dollar Path – SocGen
Societe Generale's Kit Juckes says UK political change has only modestly weakened GBP, with EUR/GBP expected to rise 1-2% and GBP/USD likely to test 1.30.
Needham Raises Micron Price Target to $1,550 Ahead of Earnings
Needham & Company raised its price target on Micron (MU) to $1,550 from $500 ahead of Wednesday's earnings report.
Dow, S&P Open Higher; Nasdaq Slightly Lower
The Dow Jones and S&P 500 edged higher at the open while the Nasdaq dipped slightly.
US Issues Iran Oil License, Allowing Iranian Oil Exports Until August 21
The US has granted Iran a general license for oil-related activities, permitting the production, delivery, and sale of Iranian crude and petrochemicals through August 21, marking the first official return of Iranian oil to global markets since 2018.
JPMorgan: Institutions Set to Sell $165B in Equities in End-of-Q2 Rebalancing
JPMorgan estimates institutional investors will sell up to $165 billion in equities and buy bonds in the largest quarter-end rebalancing in at least four years. Major sovereign wealth funds and pension funds are expected to lead the selling.
Bank of England Eases Stablecoin Reserve Requirements, Cuts Central Bank Deposit Ratio to 30%
The Bank of England has finalized its rules for systemically important stablecoins, lowering the required share of reserves held at the central bank from 40% to 30% and allowing the remainder in short-term UK gilts.