Market news
Crypto, stocks, forex and macro, aggregated for traders.
HSBC Raises Micron Price Target to $170 on AI Memory Demand
HSBC has increased its price target for Micron Technology to $170 from $110, citing strong AI-driven memory demand.
GBP/USD Set for Worst Monthly Performance in a Year
The GBP/USD pair is on track to close June with its worst monthly performance since July last year, trading near 1.3182. Sterling has lost about 2.2% since the start of the month, hitting its lowest level since November.
GBP/USD fails to test key support, holds range – UOB
UOB analysts note GBP/USD failed to test the major support at 1.3110, rebounding from 1.3152 to 1.3218 before closing in a range-bound pattern.
Volkswagen May Cut Up to 100,000 Jobs Worldwide
Volkswagen is reportedly planning to cut up to 100,000 jobs globally as part of a major restructuring, according to Manager Magazin.
Apple Stock Falls 6% on Price Hikes, Chip Shortage Fears
Apple shares dropped over 6% on Thursday after the company announced price increases, raising concerns about margin pressure from chip shortages and rising input costs.
USD/CHF extends correction, 0.8040 seen as key support
The USD/CHF pair fell 0.2% to 0.8085 during European trading on Friday, extending its pullback from a 10-month high of 0.8140, with 0.8040 identified as key support.
Dow Jones Futures Fall on Energy, Geopolitical Anxieties
Dow Jones futures declined 0.13% to near 52,270 in early European trading on Friday, while S&P 500 and Nasdaq 100 futures also dropped amid energy and geopolitical concerns.
US Dollar Index slides below 101.50 as PCE data dims Fed rate hike prospects
The US Dollar Index (DXY) weakened below 101.50 after the release of US PCE inflation data, with fading expectations of further Federal Reserve rate hikes.
MUFG: Strong US Data Supports High-for-Longer Rates, Bolsters Dollar
MUFG analyst Lloyd Chan says robust US macro data keeps rates high for longer, providing structural support for the US dollar.
Markets Enter Demanding Phase as Uncertainty Tolerance Fades
Financial markets are shifting into a more demanding phase, with investors struggling to move from fear to confidence. Latest signals suggest uncertainty is no longer tolerated.
EUR/GBP Shows Signs of Bottoming Near 0.8600
The euro is trading nearly flat at 0.8615 against the pound on Friday, with price action suggesting a possible bottom after bouncing from the 0.8600 support level.
Danske Bank: Rotation in Equities Continues with Strong Macro Backdrop
Danske Research highlights ongoing sector and regional rotation in global equities, noting that European and Asian stocks are advancing while US equities lag.
BoJ Rate Hike Path Supported as Tokyo Inflation Nears 2% Target
Commerzbank notes that Greater Tokyo inflation has edged up to just below 2%, reinforcing the case for further Bank of Japan normalization. Limited oil passthrough and structural improvements support the yen.
Binance to Stop Serving EU Clients Next Week Over MiCA License
Binance will cease serving EU clients from next week after failing to secure a MiCA license, affecting customers in Poland, Italy, Spain, and France.
SharpLink Adds 5,000 ETH to Reserves, Unrealized Loss Swells to $1.71B
On-chain data shows SharpLink received 5,000 ETH ($7.85M) from FalconX, bringing its total holdings to 876,285 ETH. The firm's average purchase price is $3,609, resulting in an unrealized loss of $1.71B.
LNG Market Enters Timing-Sensitive Phase as Storage, Competition Intensify
The LNG market has entered a timing-sensitive phase as Europe continues rebuilding its natural gas storage while global competition for cargoes remains strong.
NZD/USD Holds Losses Near 0.5650 Amid Bearish Bias
The New Zealand Dollar continues its losing streak against the US Dollar, trading around 0.5650 during Asian hours. Technical indicators point to a persistent bearish trend within a descending channel.
Iran Strikes Ship Near Strait of Hormuz; UN Pauses Escort
Iran reportedly attacked a cargo ship near Oman, prompting the UN to pause its Strait of Hormuz escort operation and raising doubts over a preliminary US-Iran agreement.
Liquidity Squeeze Intensifies as Equities, Gold, BTC, and Mag7 Decline
A liquidity squeeze continues to pressure global markets, with price declines in equities, gold, Bitcoin, and the Magnificent Seven stocks amplifying the circular liquidity crunch.
WTI Drops Below $70.50 on Middle East Supply Surge
West Texas Intermediate crude oil fell below $70.50 per barrel during Asian trading, reversing prior gains amid news of increased supply from the Middle East.
Australian Dollar Hits Fresh Lows Since April Against USD Amid Risk-Off
The Australian dollar weakened to its lowest level since early April against the US dollar during the Asian session, driven by broad risk-aversion in global markets.
EUR/JPY slips below 184.00 on bearish bias, trades near 183.90
EUR/JPY edged lower during Asian trading, slipping below the 184.00 level as bearish near-term pressure persists, with the pair hovering around 183.90.
Gold Bearish Cycle Targets $3400 – Elliott Wave Analysis
Elliott Wave analysis suggests gold's corrective phase could drive prices down to $3040–$3400 after a record high in January 2026.
AUD/JPY Extends Bearish Spell Below 111.50
The AUD/JPY cross trades in negative territory around 111.25 during early European trading, maintaining a downside bias below the 111.50 level.