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Economic Indicator
0.8%: New Zealand’s Gross Domestic Product grows less than expected in Q1
New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1) of 2026, compared with a 0.5% expansion (revised from 0.2%) in the fourth quarter of 2025, Statistics New Zealand showed on Thursday. This reading came in weaker than the expectation of a rise of 0.9%.
Fxstreet
Wed, Jun 17
Forex
Japanese Yen tumbles as Fed signals higher rate path
The Japanese Yen depreciated against the US Dollar on Wednesday after the US Federal Reserve delivered a hawkish hold, with most officials expecting one rate hike towards the end of the year, while the new Fed Chair, Warsh, reiterated the Fed’s commitment to achieving the 2% inflation goal.
Fxstreet
Wed, Jun 17
Cryptocurrencies
ECB's Lagarde reportedly pressured Greece to reject Binance's MiCA license
Binance’s crypto licensing application in Greece has stalled after what rumors claim is because the regulators received direct orders from the European Central Bank (ECB) President, Christine Lagarde. Binance’s application, which was made under the Markets in Crypto-Assets (MiCA) regulation, had cleared most of Greece’s regulatory requirements and was on track for approval prior to...Cryptopolitan
Wed, Jun 17
Forex
British Pound double-teamed by soft CPI and a hawkish Fed
The British Pound (GBP) spent Wednesday absorbing blows from both sides of the Atlantic. Softer than expected UK inflation set a heavy tone in the morning, and Kevin Warsh's hawkish first Federal Reserve (Fed) decision finished the job in the evening.
Fxstreet
Wed, Jun 17
Cryptocurrencies
Grayscale pegs AAVE fair value at up to $175, calls token undervalued at $75
A recent valuation report released yesterday by Grayscale Research suggests that the Aave token is currently undervalued. The firm projects that if the regulatory environment becomes more favorable for the tokenization of real-world assets, the token’s price could reach approximately $175 within the next year. The report, called “A Guide to Buying the Dip: Valuing...Cryptopolitan
Wed, Jun 17
Economic Indicator
Forex Today: US Dollar jumps after Warsh-led Fed holds rates, hints upcoming hike
The US Dollar Index (DXY) surged toward the 100.40 level on Wednesday after the Federal Reserve’s (Fed) June policy decision, in which the central bank left interest rates unchanged at 3.50%-3.75%, as widely expected, in Kevin Warsh’s first meeting as Fed Chair.
Fxstreet
Wed, Jun 17
Market Movers
SAP SE Stock (SAP) Closed Down by 3.64% on Jun 17: What Signal Does It Send?
• Federal Reserve rate hike signals pressured high-multiple technology and growth stock valuations. • Competitive AI infrastructure spending mandates have intensified investor concerns regarding software profit margins. • Goldman Sachs lowered SAP's gross margin forecasts due to rising infrastructure and cloud costs.
TradingKey
Wed, Jun 17
Market Movers
International Business Machines Corp Stock (IBM) Closed Down by 3.19% on Jun 17: What Investors Need To Know
• Federal Reserve's hawkish policy shift and rising Treasury yields triggered IBM stock volatility. • Investors are taking profits following IBM’s recent record highs and technology sector consolidation. • IBM's latest annual revenue reached $67.53 billion with a net profit of $10.59 billion.
Market Movers
Shopify Inc Stock (SHOP) Closed Down by 4.70% on Jun 17: Facts Behind the Movement
• Shopify shares declined due to macroeconomic selloffs and hawkish Federal Reserve interest rate projections. • The company launched over 150 new retail product enhancements during the Summer 2026 Editions. • Investors are concerned about platform transition risks and forecasted deceleration in revenue growth.
TradingKey
Wed, Jun 17
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