Market news
Crypto, stocks, forex and macro, aggregated for traders.
ADNOC Warns Attacks Disrupting Operations Around Strait of Hormuz
Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as it tries to maintain flows of crude, gas and refined products through the strategic waterway.
America's Largest Mortgage Lender Posts $451.9M Loss, Shares Plunge 35% to All-Time Low
The largest U.S. mortgage lender reported a $451.9 million second-quarter loss, sending its stock down 35% to an all-time low. The 30-year mortgage rate climbed to 6.69%, its highest in more than a year.
Wealthy Americans Push Back Against Aggressive State Tax Pursuits
As states intensify efforts to collect taxes from the wealthy, some are fighting back through the courts. One estate's legal battle is drawing attention.
Brazil to Delay Large Crypto Transfers to Foreign and Self-Custody Wallets
Brazil's new anti-fraud rules will require a 24-hour hold on crypto transfers exceeding $10,000 sent to foreign firms or self-custody wallets, effective next year.
China Credit Demand Expected to Stay Weak in July
DBS Group Research forecasts soft new yuan loans and moderate M2 growth, with corporate and household lending likely to slow.
Chinese Yuan Range Trade Holds as UOB Sees Consolidation Against USD
UOB analysts Quek Ser Leang and Lee Sue Ann view USD/CNH as confined to a narrow intraday range, with flat momentum pointing to continued consolidation.
Gold Tests AI-Driven Trading Models in 2026
In 2026, trading desks are increasingly using machine learning models that scan headlines and macro data in real time, and gold is emerging as a key test of whether human psychology still matters.
DBS Sees Singapore Q2 2026 GDP Revised Up to 5.9% YoY
DBS Group Research expects Singapore’s final second-quarter 2026 GDP to be revised higher to 5.9% year-on-year, driven by stronger manufacturing activity.
Oman-Iran Talks Near Hormuz Shipping Deal, US Official Says
A US official says negotiations between Oman and Iran are advancing and a deal that would restore commercial shipping in the Strait of Hormuz could be signed soon, Reuters and ABC News report.
GBP/JPY Pulls Back but Holds Above 200-Day SMA, Eyes Weekly Gain
The British pound edged lower against the yen on Friday, down 0.24%, but the pair remains above its 200-day simple moving average and is set to end the week with a small gain.
US Stocks Rally: Dow, Nasdaq, S&P 500 End Higher
Wall Street closed firmly in the green, with the Nasdaq leading gains and both the S&P 500 and Dow Jones also advancing.
Standard Chartered now expects BSP to hold rates in August
Standard Chartered economists have reversed their earlier call for a rate cut by the Bangko Sentral ng Pilipinas, now projecting no change at the upcoming August 27 meeting.
Dollar Index Slips Below 100 as Weak US Jobs Data Shifts Focus to Inflation
The US Dollar Index (DXY) broke below the 100.00 level after a disappointing July jobs report, with traders turning attention to upcoming inflation data.
US Yields Slide on Weak NFP and Geopolitical De-escalation Hopes
Treasury yields dropped as soft Nonfarm Payrolls data and expectations of an Oman-Iran deal reduced Fed tightening risks and eased energy prices.
US Information Sector Layoffs Spike to 2.3% in June, Nearing Pandemic-Era Records
The layoff rate in the U.S. information sector climbed 0.7 percentage points to 2.3% in June, the third-highest since the 2020 pandemic, with 63,000 workers discharged. The six-month moving average hit a near-record 2.0%, exceeding peaks from the 2008 and 2001 recessions.
Indonesian Rupiah Supported by Strong GDP, Oil Prices; Gains Capped
USD/IDR edged lower but held below 18,000 as softer global oil prices and robust Q2 GDP data lent support, though Commerzbank analysts see gains capped.
Silver Breaks Above 50-Day SMA, Targets $65
Silver prices surged nearly 3%, clearing the 50-day moving average and reclaiming the $63.00 level, with traders eyeing the $65 mark.
EUR/JPY recovers from session low but remains down on Friday
EUR/JPY traded lower on Friday despite the euro's strength against the dollar, as the Japanese yen surged following a weak US jobs report.
U.S. Army Awards $400M Anti-Drone Laser Contract to AeroVironment
The U.S. Army will invest $400 million in AeroVironment’s advanced anti-drone laser technology, underscoring rising demand for cost-effective counter-UAV systems.
GBP/USD bulls must clear 1.3560 to target 1.3600
The pound edged higher but stalled near 1.3500, with bulls needing a push past 1.3560 to target the 1.3600 level.
UOB: USD/SGD Mild Upside Capped by 1.2850 Resistance
UOB analysts note USD/SGD firmed modestly, closing at 1.2835 after testing levels near 1.2800 and 1.2840. Short-term momentum favors mild gains, but resistance at 1.2850 is expected to cap any upside.
Ford Plans Four-Door Mustang Expansion – WSJ
Ford is reportedly planning to expand its Mustang brand with a new four-door model, according to The Wall Street Journal, marking a shift from the traditional sports car image.
Senator Warren Calls for Crypto Legislation Not Dictated by Industry
Senator Elizabeth Warren emphasized that the U.S. needs cryptocurrency legislation, but it must not be drafted by the industry to serve its own interests.
Canada, U.S. in Daily Negotiations to Halt Additional Tariffs Ahead of August 19
Canada and the U.S. are in intensive discussions to avoid new tariffs set for August 19, with Ottawa offering concessions on alcohol, dairy, and autos while seeking relief from Section 232 duties.