Market news
Crypto, stocks, forex and macro, aggregated for traders.
Polymarket suffers attack, over 10 wallets affected, $3M in losses; promises full reimbursement
Prediction market platform Polymarket was hacked, with more than 10 user wallets compromised and losses estimated at $3 million. The project has vowed to fully compensate victims, blaming a third-party contractor for the breach.
RBA: Gradual cooling supports steady policy – UOB
UOB's Lee Sue Ann notes that Australia's May labour data shows a rebound in headline employment but softer underlying conditions, with rising underemployment and falling hours, supporting the RBA's steady policy stance.
USD Choppy After Mixed PCE Data – TD Securities
TD Securities notes that US rates markets steepened after weaker headline PCE, while stronger personal income and spending data kept the dollar direction unclear.
Gold Steadies Above $4,000 as US PCE Data Eases Fed Rate-Hike Bets
Gold (XAU/USD) holds above $4,000 as softer US dollar and lower yields follow PCE data that met forecasts, reducing near-term Fed rate-hike expectations.
GBP/USD Rises Above 1.3200 as Dollar Rally Falters
The British Pound gained for a second straight day on Friday, trading above 1.3200, with the year-to-date low near 1.3140. The move came as the US Dollar rally lost steam and oil prices retreated to pre-war levels.
US Jobs Data and ECB Inflation Test in Focus
The US June jobs report due Thursday is expected to be positive, with falling gasoline prices also easing inflation. In Europe, eurozone inflation data will test the ECB's rate hike path.
Indonesia Growth Slows as Energy Shock Bites – HSBC
HSBC strategists point to Indonesia’s solid GDP and contained inflation but warn that the energy shock is beginning to drag on economic activity and the external balance.
Reuters Poll: Majority of Economists See Fed Holding Rates at 3.50%-3.75% Through Year-End
A Reuters poll conducted June 23-25 shows that 78 out of 102 economists expect the Federal Reserve to keep interest rates unchanged at 3.50%-3.75% for the rest of the year, up from 72 in early June.
Mexican Peso Weakens as Banxico Pauses, Societe Generale Says
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is attempting to break out from a small base formation, with initial resistance at the 200-day moving average around 17.80.
Canadian Dollar Gains on Fed Outlook, Oil Caps Upside
USD/CAD slipped to 1.4180 as the US dollar weakened after US inflation data, though rising oil prices limited further gains for the Canadian dollar.
Indian Rupee Expected to Open Higher on Monday as US Dollar Corrects
The Indian Rupee is poised to strengthen against the US Dollar at the start of the week, driven by a correction in the greenback. Indian markets were closed on Friday for the Muharram holiday.
Euro Rises Above 1.1400 on Lower Oil, Soft Dollar
The Euro recovers against the US Dollar on Friday, buoyed by falling oil prices and a weaker greenback, moving back above the 1.1400 level.
EUR/GBP Bearish Triangle Confirmed, Wave Three Decline Underway
EUR/GBP has confirmed a bearish triangle pattern, with analysts warning that the final wave E decline is now active and the third wave down is underway.
Rotation Hits AI Stocks: Palantir, Oracle Lead S&P 500 Declines
A rotation in US stocks is hitting AI-related names hardest, with Palantir and Oracle dropping 18% and 16% respectively.
US Dollar Hit by Soft Durable Goods, PCE Data
The dollar weakened after US durable goods orders dropped 4.5% month-on-month in May and the PCE index rose 0.4%, missing expectations.
ForkLog Lab Introduces Machine-Readable Standard for AI Crawlers
ForkLog Lab has unveiled a new machine-readable page standard designed for AI systems, models, and crawlers, setting rules for public use and licensing. The first integration is with ForkLog magazine.
Gold Holds Support Below $4,000, Rises to $4,050 on Dollar Weakness
Gold price recovers after finding support near $3,960, trading 0.6% higher at $4,050 during European session as the US Dollar corrects.
Apple Shares Slump on Rising Chip Cost Headwinds
Apple stock fell sharply on June 26 as price increases on MacBooks and iPads to offset surging memory and storage chip costs weighed on investor sentiment.
South Korean Won Rebounds from 1,550 on Suspected Intervention
The Korean Won strengthened against the US Dollar after hitting the 1,550 level, sparking speculation of official intervention by South Korean authorities.
OCBC: USD Pause Not a Reversal, Hawkish Fed Risks Remain
OCBC strategists say the US dollar rally has paused as global risk appetite improves, but sticky inflation and steady labor data keep hawkish Fed risks alive, suggesting the breather is not a reversal.
ECB Hawkish Holdouts Fail to Halt Decline in Rates
Rates markets stay bullish (yields falling) despite hawkish voices at the ECB, supported by calm energy prices, tech-stock concerns, and data hinting at macro weakness.
Gold Selloff on Fed Hiking Expectations May Be Overdone
Gold is being sold off as markets price in a likely Fed hiking cycle, but the economic conditions for sustained tightening remain uncertain.
EU Launches Antitrust Probe Into Sanofi Over Flu Vaccine Claims
The European Union has initiated a formal antitrust investigation into Sanofi for allegedly making misleading claims about its flu vaccine relative to CSL Seqirus' Fluad.
Hormuz Risks Keep Oil Subdued at $73.8 – Rabobank
Rabobank's senior macro strategist warns of rising security threats in the Strait of Hormuz after a cargo ship was hit near Oman, though Brent crude remains around $73.8 at the lower end of its weekly range.