News
Important Only
Apple WWDC 2025 Preview: An Awkward AI Narrative and A Confusing Brand Refresh
TradingKey - Apple’s Worldwide Developers Conference (WWDC) 2025, set to kick off on June 9, is under intense global scrutiny from the tech industry, consumers, and investors—particularly for updates on Apple Intelligence and its broader software roadmap. However, reports suggest that Apple's AI...
TradingKey
Tue, Jun 3
The Dollar(DXY) Posts Worst Start in History—Section 899 Asset Tax Deepens Dollar Woes
TradingKey - Although the easing of U.S.-China tariff tensions briefly slowed the selloff in dollar assets, the Trump administration’s proposed tax on foreign capital has delivered another heavy blow to the greenback. With the U.S. Dollar Index (DXY) down more than 8% year-to-date, the dollar is...
Is the “TACO” Trade Ending? Trump May No Longer Be the Tariff “Flip-Flopper”, Wall Street Expected
TradingKey - President Donald Trump’s frequent reversals on tariff policy have given rise to a popular trading narrative on Wall Street known as “TACO” (Trump Always Chickens Out)—the idea that market volatility can pressure Trump into backing down from aggressive trade policies, leading to sharp...TradingKey
Tue, Jun 3
LIVE MARKETS-Before the bell: futures up, more defence in STOXX indices
European shares were set to open just a touch higher on Tuesday, remaining within recent price ranges, as trade uncertainty kept gripping markets and traders prepared for another rate cut by the European Central Bank on Thursday.Reuters
Tue, Jun 3
PRECIOUS-Gold retreats from nearly 4-week peak as dollar recovers
Donald Trump and Xi Jinping to likely speak this week, White House saysTrump administration wants countries to detail tariff ratesBy Anmol Choubey June 3 (Reuters) - Gold slipped on Tuesday, retreating from a nearly four-week high, as a modest rise in the U.S. dollar weighed, although uncertainty...Reuters
Tue, Jun 3
Trump’s Tariff Uncertainty Drags U.S. Manufacturing into Third Consecutive Month of Contraction—Imports and Exports Collapse
TradingKey - Amid the uncertainty surrounding Trump’s tariff policies, the U.S. manufacturing sector continued its contraction in May, with both import and export indicators hitting multi-year lows. Manufacturers and suppliers remain hesitant amid growing trade tensions and policy instability.TradingKey
Tue, Jun 3
Gold Surges Toward $3,400 — Is the Familiar Gold Rush Back Amid Trump’s Tariff Shocks?
TradingKey - With U.S.-China trade tensions resurfacing and the U.S.-EU tariff conflict escalating, global gold prices surged nearly $100 per ounce on Monday, approaching the key $3,400/oz. Analysts believe that a weaker U.S. dollar and policy uncertainty from Washington will continue to support...
TradingKey
Tue, Jun 3
China's factory activity cools in May as US tariffs hit
BEIJING, June 3 (Reuters) - China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower.Reuters
Tue, Jun 3
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.Fxstreet
Tue, Jun 3
Meta shareholders turn down Bitcoin treasury reserve proposal as its stock soar on AI plans
Meta (META) shareholders opposed a proposal to adopt Bitcoin as a treasury asset, with more than 95% voting against the idea, according to a filing with the Securities & Exchange Commission (SEC).
Fxstreet
Tue, Jun 3
Oil rises on Iran, Russia and Canada supply concerns
June 3 (Reuters) - Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires.Reuters
Tue, Jun 3
Oil finishes down on possible OPEC+ output hike
Brent and WTI down over 1% this weekOPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decisionBy Erwin Seba HOUSTON, May 30 (Reuters) - U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oi...Reuters
Fri, May 30
