📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 9:15 AM | FOMC Member Barr Speaks | Low |
| 10:30 AM | Crude Oil Inventories | Low |
| 2:00 PM | FOMC Meeting Minutes | High |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7408.81 |
🔥 Hot Market News
| Meta begins cutting 8,000 jobs globally with e-mails sent out in Singapore at 4am Meta is laying off around 8,000 employees globally, focusing on engineering and product teams, as part of a restructuring to improve efficiency and reallocate resources towards artificial intelligence initiatives. The company aims to flatten its structure and has reassigned 7,000 workers to AI-focused teams while planning significant AI capital expenditures.
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| Standard Chartered to replace lower-value human capital with AI Standard Chartered plans to replace roles deemed as low-value human capital with artificial intelligence to enhance efficiency and reduce costs.
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| How BYD gets an edge from ships that brave war, outrun storms BYD's private fleet of eight carriers allowed the company to successfully export 1,768 electric vehicles to Mexico before new tariffs on Chinese imports took effect, saving millions in duties. This strategic move highlights BYD's competitive edge in maintaining exports amid global shipping disruptions caused by geopolitical tensions and fluctuating rates.
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💱 Forex & Commodities
| Gold holds losses as Iran impasse keeps rate hike bets high Gold prices are sustaining their recent losses amid concerns over ongoing geopolitical tensions with Iran and expectations for possible interest rate hikes.
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| Japanese Yen Strengthens to Near 159.00 on Upbeat Japan GDP, Intervention Risks The Japanese Yen has strengthened to nearly 159.00 against other currencies as a result of Japan's positive GDP data and the potential for government intervention in the currency market.
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| Japan spent billions to save Yen, but traders say currency crisis is far from over Japan intervened in currency markets to halt the yen's drop after the USD/JPY exchange rate surpassed 160.5, but analysts warn that ongoing economic factors, such as low interest rates and speculative trading, make a sustained recovery unlikely. The intervention, costing an estimated 10.5 trillion yen, may only provide temporary relief as the currency remains vulnerable to future declines.
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| Hedge Funds Ramp Up Bearish Pound Bets on Andy Burnham Risk Hedge funds have increased their bearish positions against the British pound due to perceived risks associated with Andy Burnham, impacting currency markets and investor sentiment.
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| India's Central Bank Intervenes as Rupee Hits Record Low Amid Rising Oil Prices The Reserve Bank of India intervened in the currency market, selling dollars to counteract the rupee's slide to a record low of 96.9650, driven by elevated oil prices and outflows of equity investments totaling $23 billion this year.
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🪙 Crypto News
| Trump Orders Fed to Review Crypto Firms' Access to Payment Rails President Trump has instructed the Federal Reserve to evaluate the access of cryptocurrency firms to payment systems, signaling increased regulatory attention on how these firms integrate with traditional financial infrastructure.
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| Former FTX Executive Patrick Gruhn Says AI Can Make Traders Money Without Risk UpsideOnly invites users to submit simulated trades on oil, gold, equities, and crypto. A model picks the ideas it scores as most likely to pay off. Perpetuals.com, the Nasdaq-listed parent, then runs those trades with its own balance sheet. Signal creators reportedly receive half of any profits, with no exposure when a trade loses.
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| Crypto Crime Escalates With Kidnappings, Cons And Human Coercion Criminal activities involving cryptocurrencies are on the rise, including incidents of kidnappings, scams, and coercion, as perpetrators take advantage of the unregulated nature of digital assets to evade detection and exploit victims.
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🛠️ Free Market Tools
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