Daniel Mejia

Global economic data reveals contrasting macroeconomic trajectories. Canada's gross domestic product (GDP) unexpectedly stagnated in the first quarter of 2026, marking its first annual contraction since 2020 due to weakening investment. Concurrently, German headline inflation eased to 2.6% on the back of lower energy taxes, whilst Japan's booming retail, industrial, and consumer data propelled the Nikkei 225 to record highs.

US stocks fell as rising Treasury yields and surging energy prices fueled global inflation fears and interest rate hike expectations. Concurrently, China's economic growth slowed sharply, with both retail sales and industrial production missing market forecasts due to geopolitical conflicts.

Eurozone inflation spiked in May, with headline CPI reaching 3.2% and core CPI hitting 2.5%, driven by a 10.9% surge in energy costs linked to Middle East conflicts. Despite hawkish central bank rhetoric, the EUR/USD remains range-bound near 1.1628 as neutral technical indicators reflect deep market uncertainty.

Eurozone inflation hit a multi-year high of 3.2% in May, driven by energy supply chain issues, while a resilient US labour market saw job openings jump to 7.62 million in April. Robust corporate earnings, led by Palo Alto Networks’ strong revenue beat, propelled major US stock benchmarks to new record highs.

Geopolitical conflicts and rising oil prices are fuelling inflation fears, driving Ethereum down 6.15% to $1,854. A resilient US labour market and hawkish Fed commentaries suggest higher-for-longer interest rates. This macroeconomic pressure, coupled with a 15% spike in implied volatility, accelerates capital flight toward defensive assets.

The United States Senate has introduced a comprehensive regulatory framework designed to tighten crypto exchange transparency with the aim of bolstering institutional confidence. Despite digital assets could benefit of this legislative mov in the long-term, Ethereum declined as cautious investors adopt a "wait-and-see" approach ahead of the bill's formal implementation.

Coinbase is the leading cryptocurrency platform in the United States, listed on the Nasdaq Exchange. Its revenue is largely derived from transaction fees and subscription services. Its share price (COIN) is highly correlated with Bitcoin cycles, requiring strict risk management when trading via direct shares or Contracts for Difference (CFDs).

Strong US economic data and a sharp drop in crude inventories have boosted expectations of a hawkish Federal Reserve stance, dragging US stock indices down. Meanwhile, Eurozone producer prices accelerated to their highest level since 2023, while Australia's GDP growth slowed more than expected due to weaker domestic spending.

The Dow Jones fell 1.21% to 50,692 as strong US employment and services data signalled economic resilience. Combined with a sharp drop in US crude inventories that pushed oil prices toward $97, rising inflation risks have lowered rate-cut expectations, driving fears of a more restrictive Federal Reserve stance later in 2026.

Solana dropped to $71.34, down 16% weekly, as macro headwinds reduce appetite for risk assets. Surpassing forecasts, strong US private employment and services data hint at a hawkish, higher-for-longer Fed. Concurrently, a massive drop in crude inventories amid Middle East tensions pushed oil benchmarks toward $98 per barrel.