Market news
Crypto, stocks, forex and macro, aggregated for traders.
Bitcoin Sharpe Ratio Hits -20, Historically Marking Price Bottom
Bitcoin's Sharpe ratio dropped to -20 on June 11, a level that historically signals a price bottom and the start of accumulation. Exchange reserves fell by 80,000 BTC since February, while long-term investors doubled their buying pace.
Slovak Economy Enters 2026 with Subdued Growth
The Slovak economy started 2026 with weak growth, as household consumption increased only moderately and investment posted a sharp decline. Full-year economic expansion is expected to remain subdued.
WTI Holds Losses Near $75.60 on Easing Supply Concerns
West Texas Intermediate crude oil prices remain subdued for a fifth consecutive session, trading around $75.60 per barrel as easing supply concerns weigh on the market.
AUD/USD Faces Deeper Pullback After RBA Pauses Rate Hikes
The Australian Dollar weakened against the US Dollar after the Reserve Bank of Australia held its cash rate steady, ending a streak of rate hikes and triggering a corrective decline from near the 0.7000 level.
US-Iran Peace Agreement Hopes and Fed Day in Focus
Expectations that the US and Iran will sign a peace agreement on Friday have boosted market sentiment, with 60 days of talks planned. Markets also await the Federal Reserve's latest decision.
Dow Jones Futures Flat Ahead of Fed Decision, S&P and Nasdaq Edge Higher
Dow Jones futures were little changed near 52,040 during European trading on Wednesday, while S&P 500 and Nasdaq 100 futures rose 0.26% and 0.8% respectively, as markets awaited the Federal Reserve's interest rate decision.
WTI Crude Extends Losses, Closes Below 200-Day EMA
WTI crude oil continued its decline on Tuesday, falling below the 200-day exponential moving average for the first time since February as geopolitical risk premiums diminish.
EUR/USD Rebound Eyes 200-DMA Hurdle – Societe Generale
Societe Generale notes EUR/USD has bounced after defending the April low near 1.1500, but the rally now faces a key test at the 200-day moving average with no clear breakout signal yet.
Brent Breaks Below 200-Day Moving Average – SocGen
Societe Generale notes Brent crude has broken below its 200-day moving average near $78.4, with prices now 38% off their peak yet still 10% above pre-war levels.
DXY Consolidates Near 99.50 Ahead of Fed Decision
The US Dollar Index is trading in a narrow range around mid-99.00s as traders await the outcome of the FOMC meeting.
RBA Hawkish Hold, BOJ Cautious Hike, Fed's Defining Moment
The RBA left rates unchanged but signaled possible hikes due to energy costs, the BOJ raised rates cautiously, and the Fed faces a key decision.
Gold Surges 2% at Week Start on Geopolitical Shifts and Fed Bets
Spot gold (XAUUSD) rose over 2% since the week opened, reaching near $4,342 per ounce on Wednesday, driven by geopolitical changes and expectations around the Federal Reserve.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.
NZD/USD Falls as Markets Await Fed Decision
The New Zealand Dollar slipped against the US Dollar on Wednesday, trading near 0.5820 as caution prevailed ahead of the Federal Reserve's policy decision.
GBP/JPY Drops Below 215 on UK Inflation Miss, Intervention Fears
The British pound weakened sharply against the Japanese yen, falling below 215.00 after softer-than-expected UK consumer inflation data. The move snapped a three-day winning streak for GBP/JPY and revived speculation about possible Japanese intervention.
Kevin Warsh Key to Dollar Resilience as Brent Drops on US-Iran Deal
Kevin Warsh's stance is crucial for dollar strength, while Brent crude falls below $80 after US-Iran deal details, providing a dovish argument before the FOMC announcement.
USD/CAD Holds Gains Above 1.4000, Bullish Bias Persists
The USD/CAD pair is trading around 1.4005 in early European trading on Wednesday, maintaining gains above the 1.4000 level. A bullish bias continues despite an overbought RSI, as optimism over a US-Iran peace deal pressures crude oil prices and weighs on the commodity-linked Canadian dollar.
ECB Pipeline Inflation Keeps Hikes Priced – Deutsche Bank
Deutsche Bank notes that despite recent declines in oil and euro inflation swaps, ECB chief economist Philip Lane warns that earlier energy shocks will continue to feed through, keeping the case for further rate hikes alive.
Deutsche Bank: Fed Under Warsh to Hold Rates, Hawkish Tone
Deutsche Bank economists predict the Federal Reserve will keep interest rates unchanged at the first meeting under Chair Kevin Warsh but adopt a more hawkish stance.
British Pound Slides on Soft UK Inflation Data
The British Pound fell to weekly lows against the US Dollar after weaker-than-expected UK inflation figures were released.
US Congress Deal Pauses Fed CBDC Until 2030
The US Congress has reached a bipartisan agreement on a major housing bill that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency until 2030.
Euro Strengthens Against Pound After UK CPI Data
EUR/GBP rose to around 0.8650 as the British Pound weakened following the release of UK inflation data. Traders now focus on the upcoming Bank of England rate decision.
USD Firms Ahead of FOMC as Rate Expectations Drive Support – BNY
The US Dollar is strengthening ahead of the FOMC meeting, driven by rate expectations rather than safe-haven demand, according to BNY’s Geoff Yu. iFlow data shows clients net selling the Canadian and Australian Dollars while some North Asian currencies remain attractive.
Brent Oil Extends Decline on US-Iran Peace Framework Reports
Deutsche Bank reports that Brent oil prices have continued to fall as markets react to news of a proposed US-Iran peace framework, including export waivers and a potential reopening of the Strait of Hormuz.