Market News
Local Payment Methods vs Card Acquiring for Emerging Market Brokers
Brokers in emerging markets are shifting away from card acquiring toward local payment rails. Mobile money, e-wallets, and QR solutions are gaining ground.
Illustrative rates
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QQQ Elliott Wave Correction Unfolding From May 19 Low
QQQ is correcting in wave 2 after completing wave 1 at $748.65. Support is expected between $733.60 and $738.20 before the next rally.
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Canadian Dollar Falls as US NFP Beat Overshadows Strong Jobs Data
USD/CAD climbed to 1.3935 Friday after US payrolls added 172K jobs in May, overwhelming a strong Canadian employment report.
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British Pound Breaks Below 1.3400 as Blowout NFP Fuels Dollar Rally
GBP/USD falls 0.37% after May NFP doubles estimates at 172K. Markets now price a 67% chance of a Fed rate hike by December.
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US Oil Rig Count Edges Up to 431 in Latest Baker Hughes Data
Baker Hughes weekly data shows US oil rig count rose to 431 from 429, a modest two-rig gain with implications for crude supply trajectory.
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USD Lower Ahead of US and Canada May Jobs Reports
The USD is broadly lower ahead of dual employment reports from the US and Canada at 8:30 AM ET, with technical levels in focus across major pairs.
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Prediction Markets Push Sportsbooks to Rethink World Cup Strategy
Polymarket's World Cup contracts have hit $1.5B in volume. Sportsbooks are expanding products and entering prediction markets directly to compete.
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Semiconductor Pullback Weighs on South Korean Won, Says DBS
USD/KRW has pushed above 1530 as weakness in semiconductor stocks pressures the Korean Won. DBS warns further outflows could destabilize KRW.
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Gold Drops 3% as May Jobs Data Forces Rate-Hike Rethink
A blowout May NFP print sent the US Dollar above 100 and gold tumbling past $4,336, with rate-hike odds climbing to 67% for December.
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Singapore Dollar Holds Firm as MAS Policy Anchors NEER Above Midpoint
OCBC sees USD/SGD drifting toward 1.26 by year-end, with SGD NEER holding 1.5–2% above midpoint on MAS support and safe-haven demand.
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Silver Crashes Toward 200-Day SMA, Eyes $61.01 Support
Silver tumbles nearly 8% on the day and 10% on the week following a stronger-than-expected US Nonfarm Payrolls report, threatening the 200-day SMA.
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Yuan Holds Firm Against Dollar Despite Widening Rate Gap
The Chinese yuan is 2025's top Asian currency, rising vs. USD and EUR even as US-China yield spreads widen further.
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KRW and IDR Stay Weak Despite Falling Oil Prices
Korea's won and Indonesia's rupiah remain under pressure despite softer oil, as equity outflows and new central bank legislation weigh on both currencies.
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Strong US Jobs Report Sends Bonds and Stocks Lower
US nonfarm payrolls surged to 172K in May, nearly double estimates. Treasury yields jumped, stocks sold off, and rate cut expectations faded.
Market News
Micron Technology (MU) Elliott Wave Analysis: Bullish Path Ahead
Micron Technology shows a bullish Elliott Wave structure from its April 2025 low. Key targets sit at $1,159–$1,278, with full extension at $1,472.
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BNY: Indonesia Rupiah and Korean Won Under EM Pressure
Indonesia's Rupiah weakens past 18,000 as officials push back on "Sell Indonesia" sentiment. Korean Won faces pressure despite a strong current account surplu