Author: FX
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.10 during the Asian trading hours on Monday. The DXY holds steady near a monthly high amid escalating tensions in the Middle East and rising bets of a Federal Reserve (Fed) rate hike. The Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel, the BBC reported on Monday. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz…
Prelim was +2.1%Q4 was +0.8%Q/Q GDP +0.5% vs +0.3% expectedPrivate consumption +0.3% vs +0.3% prelim and 0.0% in Q4Separately, current account data for April showed a surplus of 3907B yen vs 3136B expected.Overall, this is a good report and is supportive of the yen. All eyes are on intervention today with USD/JPY above 160.00. This article was written by Adam Button at investinglive.com. Source link
Is a Major Top in on the S&P 500?The biggest S&P 500 sell-off of 2026 hit on Friday 5 June. Is this just a pullback, or a major top forming?In this update Andrew Pancholi walks through the evidence: the long-term price projections, the Fibonacci levels, and the time cycles that flagged this week's turn. From the 666 low of the 2009financial crisis to the pandemic high, the Trump tariff top, and the overbalance now showing on the daily chart — the technical case is worth examining carefully.Some uncanny measured moves are present to within one point. These are also discussed.…
NASA to wear Prada as luxury group pushes into space industry Source link
Israel kills nine in Gaza as Egypt hosts new ceasefire talks Source link
OPEC+ and OPEC continue to go through the motions with the quota meetings despite the Strait of Hormuz.OPEC+ announced it will raise its quota by 188K bpd for July with another meeting to come on July 5 for August production. The thing is, there are 10-13 million barrels per day shut in right now as Hormuz remains largely blocked.There is no end in sight to the blockade as the US is now talking about confiscating Iranian funds and giving them to Gulf countries to rebuild, rather than to Iran, which is one of its demands.On Sunday, Trump said he will…
May’s 172K NFP blowout ended the S&P 500’s 10-week streak and sent Bitcoin below $60K. Now Wednesday’s CPI decides if last week was a warning or a turning point. Source link
Mon: Japanese GDP (Q1), German Factory Orders (Apr), US Consumer Inflation Expectations, Apple WWDC 2026Tue: EIA STEO (Jun), South Korean GDP (Q1), UK BRC Retail Sales (May), Australian Westpac (Jun), Chinese Balance of Trade (May), German Balance of Trade (Apr), German Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Canadian Exports/Imports (Apr), Existing Home Sales (May), Wholesale Inventories (Apr)Wed: BoC Policy Announcement (Jun), Japanese PPI (May), Chinese Inflation (May), Norwegian CPI (May), Swedish GDP (Apr), US CPI (May)Thu: ECB Policy Announcement (Jun), CBRT Policy Announcement (Jun), OPEC MOMR (Jun), Swedish CPIF Final (May), US PPI (May), Jobless Claims…
Hollywood workers rally against Paramount-Skydance deal Source link
High fuel costs to trigger airline failures and consolidation, industry chief says Source link