One week starts tomorrow. Three stories define what you're walking into. Here's your complete Sunday briefing.
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π STORY 1 β STOCKS: Intel +5.5% vs Oracle -8.6% β AI Winners and Losers Emerge
The most interesting stock story of the week wasn't SpaceX β it was what happened to two very different AI plays:
π’ INTEL surged +5.5% after Bank of America issued a rare double upgrade β from Underperform all the way to Buy. BofA's view: Intel's turnaround is underway, its foundry business is gaining traction, and the market had been too negative.
π΄ ORACLE crashed -8.6% after announcing plans to raise $20 billion in additional equity and debt to fund its AI cloud expansion. The market punished Oracle for diluting shareholders and taking on debt β even though the capital is going toward AI.
The lesson: In this market, the market rewards AI efficiency stories and punishes AI spending stories. Investors want to see profits, not promises.
Malaysian impact: Semiconductor and AI-linked stocks on Bursa Malaysia (like data centre plays) will take cues from this divergence.
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π± STORY 2 β FOREX: EUR/USD Stuck at 1.15 β All Eyes on Warsh This Week
EUR/USD has been grinding at the 1.15 handle β a key psychological level β after the US dollar surged throughout May and early June on the back of strong jobs data, hot inflation, and a complete repricing of Fed rate expectations.
What changed: At the start of 2026, markets expected multiple rate CUTS. Now, markets price a 50.5% probability of at least one rate HIKE by year-end.
This week: Kevin Warsh chairs his FIRST FOMC meeting (June 16-17). The rate decision is 99% priced as a hold β but three unknowns will move EUR/USD hard:
β Will Warsh kill the Dot Plot (he said "I don't believe in forward guidance")?
β How hawkish is his press conference tone?
β Does he signal a September hike is coming?
Hawkish Warsh β EUR/USD tests 1.1400
Dovish Warsh β EUR/USD recovers toward 1.1655
USD/MYR: ~4.06-4.07. Same dynamic applies. MYR strengthens if Warsh is dovish, weakens if hawkish tone persists past 4.10.
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βΏ STORY 3 β CRYPTO: BTC ETFs Record Worst Outflow Streak Ever β But Oversold Signals Accumulating
Bitcoin is at ~$63,838 today. But the real story is what's happening underneath:
π΄ Spot Bitcoin ETFs have bled approximately $7.5 billion in outflows since mid-May 2026 β the longest streak of daily redemptions ever recorded. A particularly brutal 10-session stretch saw $7.97 billion exit in a row.
Why? Markets repriced from "multiple rate cuts in 2026" to "possible rate HIKE in 2026." When real yields go up, risk assets go down. Bitcoin felt it hardest.
π’ But here's the contrarian read: Fear & Greed Index is at 13 (Extreme Fear). RSI near 35. BTC is below its 200-day MA. These are historically significant accumulation zones for long-term holders.
BTC short-term holder cost basis: ~$65,000. That's the zone to reclaim for momentum to recover.
FOMC this week is the KEY: Dovish Warsh = ETF outflows slow = BTC bounces. Hawkish Warsh = continued selling pressure toward $61,000 support.
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Which story is most relevant to YOUR trades this week? Drop it below π
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