📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 9:00 AM | HPI m/m | Low |
| 9:00 AM | S&P/CS Composite-20 HPI y/y | Low |
| 10:00 AM | CB Consumer Confidence | Medium |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7468.04 |
🔥 Hot Market News
| U.S. Military Strikes Iranian Targets Near Strait of Hormuz in Self-Defense The U.S. military conducted self-defense strikes on Iranian missile launch sites and boats near Bandar Abbas in southern Iran following disruptions in maritime traffic and rising tensions over enriched uranium negotiations. Iran's media reported explosions in the area, and the U.S. maintains there was no change in the ceasefire agreement in place since April 8. Four Iranian Guard troops were reportedly killed in the strikes.
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| Russia Threatens New Strikes on Kyiv Following Large-Scale Attack Russia has threatened to carry out new strikes targeting key decision-making centers and drone manufacturing facilities in Kyiv, warning foreign nationals and diplomats to leave the city. This comes after a massive Russian attack on the Ukrainian capital resulted in significant damage, killing four and injuring around 100 people, amidst ongoing conflict that has not subsided since the start of the war.
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| Xiaomi Short Bets Hit Record on Cost Worries Before Earnings Investors have increased their short positions on Xiaomi's stock to a record level due to growing concerns over rising costs ahead of the company’s upcoming earnings report.
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| US Regulators Ease Bank Leverage Rules, Unlocking $1.3 Trillion in Lending Capacity US regulators have revised the Enhanced Supplementary Leverage Ratio, reducing capital requirements for banks on low-risk assets and unlocking an estimated $1.3 trillion for lending by major financial institutions like JPMorgan Chase and Citibank. This easing could significantly impact sectors reliant on credit and influence global markets, with a final version of the rules expected in November 2025.
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| Iranian officials in Qatar for talks on Hormuz, as Tehran, US downplay chance of deal Iranian officials are in Qatar for discussions regarding the strategic Strait of Hormuz, while both Iran and the United States express skepticism about reaching any agreement during the talks.
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| Israel Launches Strikes on Lebanon, Intensifies Campaign Against Hezbollah The Israeli military has launched strikes across Lebanon, targeting Hezbollah, after Prime Minister Netanyahu announced a plan to intensify attacks. Hezbollah retaliated with drone and rocket attacks on Israeli targets. The conflict has resulted in hundreds of casualties on both sides, further escalating tensions in the region.
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| Putin Signs Legislation Allowing Military Interventions Abroad to Protect Russians Russian President Vladimir Putin signed a bill permitting the deployment of troops to protect Russian citizens abroad, citing potential persecution. The law, passed by Russia's State Duma, raises concerns among Western officials about possible Russian military actions against NATO, amidst historical precedents set by conflicts in Ukraine.
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| Carney warns Alberta not to pull a ‘Brexit’ Mark Carney cautioned Alberta about the economic and political risks of following a path similar to Brexit in considering separation, highlighting the potential negative consequences of such a move on provincial stability and prosperity.
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💱 Forex & Commodities
| ECB should raise rates in June, even if Iran peace deal is struck, Schnabel says The ECB should raise interest rates in June, even if ongoing peace talks with Iran yield a deal, as the conflict has been far longer than projected and high energy prices are spilling into the broader economy, board member Isabel Schnabel said.
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| US Dollar Retreats on Iran Peace Deal Hopes, Though AUD/USD Bears Eye 70¢ The US dollar weakened as renewed hopes for an Iran peace deal emerged, while AUD/USD traders focused on a potential drop to the 70-cent level.
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| Oil Prices Drop on Prospect of Iran Deal, But Investors Aren’t Celebrating Yet Oil prices have decreased due to the potential agreement with Iran, although investors remain cautious and are not celebrating the news just yet.
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| Gold Advances as US Nears Deal With Iran to Reopen Hormuz, Ease Inflation Fears Gold prices rose by as much as 1.6% as US officials indicated progress towards a deal with Iran to reopen the Strait of Hormuz, leading to reduced oil flow disruptions and easing inflation concerns; concurrently, oil prices dropped and the dollar retreated. However, lingering uncertainties about Iran's nuclear program and high global interest rates could limit gold's rebound.
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🪙 Crypto News
| Hyperliquid Surpasses Polymarket in BTC Binary Trading Volume After Launching HIP-4 Upgrade Hyperliquid's quick success in BTC binary trading is due to its HIP-4 upgrade, which introduced native binary contracts and allowed existing liquidity providers to engage without friction, resulting in 6.05 million BTC contracts traded on the first day. This rapid increase positions Hyperliquid ahead of Polymarket in volume, with daily settlements and zero platform fees encouraging high engagement.
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| Stablecoin Market Value Surpasses Foreign Reserves of Over 95 Countries The total market value of stablecoins has reached $322 billion, exceeding the foreign exchange reserves of more than 95 countries, including Poland, Thailand, and Mexico. The Bank for International Settlements warns that while stablecoins are increasingly used for transactions, they may cause capital outflows and pressure on domestic currencies.
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| Institutional Bid Hasn't Disappeared, Analysts Say; Bitcoin Cooldown, Spot ETF Outflows Signal Rotation, Not Exit Analysts indicate that the decline in Bitcoin's market activity and outflows from spot ETFs are not signs of institutional exit but rather a rotation within investment strategies.
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🛠️ Free Market Tools
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