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Professional and technical analysis on products and past trades
Micron climbs to record high amid solid earnings and strong growth
Micron surged by 15.74% to a record high of $1,213.56 after quarterly revenue and EPS exceeded forecasts, lifting its market capitalisation to approximately $1.37 trillion. Strong memory-chip demand, including $22 billion in customer commitments, supported the company’s upbeat guidance.
Oil market turns back to inventories as war premium fades
Oil’s sell-off is not only about geopolitics anymore. The market is starting to look again at the physical balance, On one side, the fear premium is fading. Supply routes that looked vulnerable during the height of the Middle East crisis are reopening, and traders are no longer pricing the same level of immediate disruption around Hormuz. That has allowed crude prices to fall as the market removes part of the war premium built into prices.
Gold retreats to the $4,000 level as US dollar strength re-emerges
Gold retreated towards $4,000 as renewed dollar strength and rising expectations of a more hawkish Federal Reserve reduced demand for non-yielding assets. Markets are now focused on the forthcoming PCE inflation release.
Dollar index advances beyond consolidation on rising hawkish Fed outlook
The dollar index broke above a consolidation range and reached its highest level since May 2025, as markets priced in a more hawkish Federal Reserve outlook.
SpaceX shares fall around 16%, market capitalisation retreats to $2 trillion
SpaceX shares tumbled 16.43% to close at $154.60 following the announcement of a senior unsecured notes offering.
Brent approaches $80 amid growing hopes of Strait of Hormuz reopening
Brent crude oil approached the $81 mark, touching levels not seen since early March 2026. Prices gained ground as market participants weighed the implementation of a ceasefire agreement between Israel and Hezbollah against the highly anticipated reopening of the critical Strait of Hormuz maritime chokepoint.
Canadian PPI hits multi-year high, signalling inflation pressures; USD/CAD advances
The USD/CAD currency pair advanced to 1.4128 as a soaring Canadian Producer Price Index (PPI) reached 13.6% year-on-year, driven primarily by energy supply disruptions in the Middle East.
UK inflation holds steady as GBP/USD falls sharply
UK inflation remained at 2.8% in May, below expectations, easing pressure on the Bank of England ahead of its policy meeting. However, core inflation edged higher and sterling fell by 1% against the dollar as the Federal Reserve’s hawkish stance widened policy divergence.
Nikkei reaches new record as BoJ intensifies its restrictive stance
The Nikkei 225 achieved a fresh record high after the Bank of Japan raised interest rates to 1%, marking its highest borrowing cost since 1995 and signalled potential further tightening to contain persistent inflationary pressures. Despite this hawkish policy stance, equities advanced.
Dow Jones hits record high on optimism over US–Iran peace deal
The Dow Jones reached a record high as optimism surrounding a preliminary US–Iran peace deal improved risk sentiment and reduced market volatility. Lower expectations of Federal Reserve rate hikes provided additional support.
