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Bitcoin Long-Term Buyers Return as ETF Selling Persists

July 2, 2026 6:34 am
Key Moments Long-term Bitcoin holders have shifted back into net accumulation after months of distribution, according to Glassnode. US spot Bitcoin ETFs registered a record $4.5 billion in net outflows in June, with BlackRock’s IBIT responsible for $3.55 billion over nine straight sessions. Bitcoin long-term holder supply has risen to about 14.7 million BTC while […] Read more

Australian Dollar Steadies vs Yen After Trade Reversal

July 2, 2026 6:23 am
Key Moments AUD/JPY traded around 112.10 during Asian hours on Thursday after erasing earlier intraday losses. Australia’s May trade balance unexpectedly dropped to a deficit of A$3,018 million, missing a forecast surplus of A$2,200 million. The Japanese Yen remained under pressure even as Japan’s Q2 Tankan Large Manufacturing Index rose to 22, its highest level […] Read more

Pound Nears 1.3300 on Burnham Fiscal Pledge Support

July 2, 2026 6:21 am
Key Moments GBP/USD trades near 1.3290 in Thursday’s Asian session as buying interest returns to the pair. Andy Burnham’s stated commitment to strict fiscal rules helps steady sentiment toward UK assets. US June Nonfarm Payrolls, expected at 110,000 with unemployment at 4.3%, are set to guide the next move in the Dollar. GBP/USD Edges Higher […] Read more

PBOC Nudges Yuan Reference Rate Higher Against the Dollar

July 2, 2026 5:50 am
Key Moments The People’s Bank of China set the USD/CNY central parity at 6.8088 for Thursday’s session. The new fixing compared with the prior day’s reference rate of 6.8067. The latest setting differed from a Reuters estimate of 6.7929 for the USD/CNY midpoint. Latest USD/CNY Fixing The People’s Bank of China (PBOC) set the central […] Read more

Soybean Futures Extend Rally on Supply Data

July 1, 2026 2:28 pm
Key Moments Soybean futures are higher by 12 to 15 cents early Wednesday after posting 4 ¾ to 12 ½ cent gains in the prior session. NASS reported 85.36 million soybean acres planted, 665,000 acres above the March Prospective Plantings report and slightly ahead of expectations. June 1 soybean stocks reached 1.061 bbu, topping surveyed […] Read more

Kroger Buys Giant Eagle in $1.65B Expansion Deal

July 1, 2026 12:10 pm
Key Moments Kroger agreed to acquire Giant Eagle in a transaction valued at $1.65 billion, including cash and assumed liabilities. The company expects the Giant Eagle acquisition to be accretive to adjusted earnings in the second full year after closing in 2027. Kroger is pursuing consolidation amid fierce competition from Walmart and Amazon while reaffirming […] Read more

Gold Slides as Rising U.S. Yields Weigh on XAU/USD

July 1, 2026 11:58 am
Key Moments XAU/USD has fallen for a fourth straight session, touching intraday lows at $3,960 with year-to-date lows at $3,945 nearby. Stronger U.S. job openings data and the resulting jump in Treasury yields are weighing on gold and limiting rebound attempts. Despite fading bearish momentum and an RSI bullish divergence, technical signals still do not […] Read more

Forint Surge Faces Headwinds From Mounting Fiscal Risks

July 1, 2026 10:47 am
Key Moments The Hungarian forint recorded its strongest quarterly performance against the euro since 2Q09, gaining 7.8% on a spot basis. EUR/HUF has struggled to hold below the 350 level as investors reassess Hungary’s widening fiscal deficit, which may exceed 8% of GDP. The 10-year HUGB moved from a pre-election discount of about 150bp to […] Read more

Cardano Holds Key Support as Sellers Lose Momentum

July 1, 2026 8:38 am
Key Moments Cardano (ADA) is trading around $0.146 on Wednesday, consolidating after a sharp pullback as selling pressure moderates. Futures Open Interest has declined to $360 million and CoinGlass’ long-to-short ratio stands at 0.69, underscoring a cautious and generally bearish derivatives backdrop. ADA remains in a broader downtrend below its 50-day, 100-day, and 200-day EMAs, […] Read more

AUD/JPY Retreats as Yen Firms on Intervention Jitters

July 1, 2026 8:15 am
Key Moments AUD/JPY trades around 112.20 in early European dealings on Wednesday, holding in negative territory. Japanese officials reaffirm readiness to act against excessive currency swings, supporting the Yen. AUD/JPY sits just below its 100-day SMA at 112.32, with first key support aligned near 111.25. Cross Slips as Yen Strengthens on Policy Signals AUD/JPY eases […] Read more