MarketPulse - The Beat of the Global Markets

Chart alert: SpaceX to the moon or to the ground? Watch 187.60 and 161.00.
SpaceX begins trading on Nasdaq in the largest IPO ever, raising US$75 billion and achieving a valuation near US$1.8 trillion. While investor demand remains exceptionally strong, technical signals from the SPCX/USDT grey market suggest caution. The pre-IPO perpetual contract remains trapped in a descending channel, highlighting the risk of further downside unless bulls reclaim the key US$187.60 resistance level. Traders are closely watching whether SpaceX becomes a major driver of Nasdaq 100 per
by Kelvin Wong
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Asia open: Wall Street surges as Trump signals a breakthrough peace deal with Iran
Global markets rallied sharply after President Trump signalled a potential breakthrough US-Iran peace deal, easing fears of a prolonged energy shock. WTI crude oil plunged 6%, driving a broad relief rally across equities, bonds, and currencies. Semiconductor stocks surged nearly 8% as investors renewed confidence in the AI infrastructure boom, while SpaceX’s record-breaking US$75 billion listing demonstrated robust liquidity and appetite for technology investments.
by Kelvin Wong
Asia open: Trump’s Iran strike threat and tech rout spark stagflation
Global markets turned sharply risk-off as President Trump’s threat of hard strikes on Iran sent WTI crude back above US$90 and revived stagflation fears. Hot US CPI data reinforced expectations of a higher-for-longer Federal Reserve stance, pressuring equities, bonds, and precious metals. Technology stocks led losses as stretched AI valuations and mega-IPO liquidity concerns weighed on sentiment, while Asia Pacific markets opened broadly lower amid renewed currency stress.
by Kelvin Wong
Chart alert: USD/JPY advances toward the next 161.60/95 key intervention levels
USD/JPY remains on a bullish footing as widening US-Japan yield spreads reinforce demand for the US dollar ahead of key US inflation data and the Bank of Japan’s policy meeting. Markets are increasingly pricing a Federal Reserve rate hike later this year, while the BOJ is expected to raise rates but potentially slow its bond tapering programme. Technically, USD/JPY continues to trend higher toward the critical intervention zone near 160.65, where Japanese authorities may step in again.
by Kelvin Wong
Asia open: Tech rout and geopolitical volatility ignite risk-off
Global markets turned risk-off as technology stocks extended their recent correction, geopolitical tensions between the US and Iran resurfaced, and investors prepared for key US inflation data. Semiconductor shares remained volatile amid concerns over AI valuations and liquidity pressures from upcoming mega-IPOs such as SpaceX and OpenAI. Meanwhile, Bank Indonesia surprised markets with an emergency rate hike, while the Bank of Japan signalled flexibility on bond market support.
by Kelvin Wong

Top cryptocurrency news and analysis

Chart alert: Bitcoin (BTC/USD) potential near-term bullish reversal emerging from the sub-$70K plunge
Bitcoin (BTC/USD) has suffered a sharp 16% correction after MicroStrategy’s unexpected sale of part of its Bitcoin holdings triggered a breakdown in market sentiment and accelerated ETF outflows. However, technical and on-chain indicators are now pointing toward potential selling exhaustion. Oversold RSI conditions, elevated long liquidations, and continued accumulation by long-term holders suggest Bitcoin may be nearing a bullish reversal if it can maintain support above US$62,250.
by Kelvin Wong
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Top commodities news and analysis

Asia open: Wall Street surges as Trump signals a breakthrough peace deal with Iran
Global markets rallied sharply after President Trump signalled a potential breakthrough US-Iran peace deal, easing fears of a prolonged energy shock. WTI crude oil plunged 6%, driving a broad relief rally across equities, bonds, and currencies. Semiconductor stocks surged nearly 8% as investors renewed confidence in the AI infrastructure boom, while SpaceX’s record-breaking US$75 billion listing demonstrated robust liquidity and appetite for technology investments.
by Kelvin Wong
Asia open: Trump’s Iran strike threat and tech rout spark stagflation
Global markets turned sharply risk-off as President Trump’s threat of hard strikes on Iran sent WTI crude back above US$90 and revived stagflation fears. Hot US CPI data reinforced expectations of a higher-for-longer Federal Reserve stance, pressuring equities, bonds, and precious metals. Technology stocks led losses as stretched AI valuations and mega-IPO liquidity concerns weighed on sentiment, while Asia Pacific markets opened broadly lower amid renewed currency stress.
by Kelvin Wong
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Central banks news

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