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Trump to leave G7 early amid Israel-Iran conflict; warns Tehran to evacuate. White House cites urgent Middle East matters as reason for sudden departure.
Oil jumps 2% as Israel warns Iran civilians to evacuate; markets dip, gold and bonds rise amid fears of broader Middle East conflict.
The EUR/USD currency pair is currently trading above its short-term simple moving averages (SMAs), indicating positive momentum in the near term. This suggests that buyers have gained control and the pair is experiencing upward pressure. A key resistance level to watch is at 1.16300. If the pair manages to break and sustain above this level, it would likely signal a
The Bank of Japan decided to keep its benchmark interest rate steady at 0.5%, maintaining a cautious approach amid global uncertainties and fragile inflation momentum at home. Alongside holding rates, the BOJ announced it will slow the pace of its balance sheet reduction starting in fiscal year 2026. Until March 2026, the bank plans to reduce Japanese government bond purchases
EU may offer 10% tariff on all exports to avoid higher U.S. duties. Trade, Iran tensions to dominate G7 talks as Trump warns partners of new tariff terms.
Boeing logged 303 new jet orders in May, its highest since Dec 2023, outpacing Airbus in 2024 with 512 net orders vs. 215, ahead of the Paris Air Show next week.
Trump Organization launches Trump Mobile with a $47.45/month plan and a $499 "T1" smartphone, featuring unlimited data and a gold case with a U.S. flag, coming in September.
Paramount is cutting 3.5% of its U.S. staff amid industry shifts and economic challenges, while awaiting approval for its Skydance merger, now facing legal delays.
G7 leaders meet in Canada Sunday to discuss the Israel-Iran conflict, Middle East, Ukraine, and U.S. tariffs, with peace, jobs, and minerals as key goals.
FX pair saw slight move to the upside closing above 1.35740. Economic Calendar Volatility should be anticipated amid multiple data releases from both U.K. and United States. GBP/USD hourly chart analysis If volatility increases in the coming sessions, the current sideways trading range between 1.35400 and 1.36000 may be broken. This range has acted as a consolidation zone, with price repeatedly testing
EUR/USD closed above 1.15500 with further weakness of the U.S. dollar. Impacting the FX rate Economic Calendar Analysis Volatility should be anticipated considering economic data releases from United States this week as well intrest rate decision will have some significance. EUR/USD hourly chart analysis In the short term, if the U.S. dollar continues to weaken, a further move toward the 1.180 level can
Continuing USD/JPY saw minor levels of volatility, closing the trading week above 144.000 Economic Calendar Higher than usual volatility levels should be anticipated, due to both Japan and U.S will be decide on interest rates. USD/JPY hourly chart analysis If significant volatility occurs, a move toward the 142.500 support level could be anticipated, as increased market fluctuations may drive prices to test this
Nippon Steel shares rose after Trump approved its $14.9B U.S. Steel deal, ending 18 months of hurdles, union pushback, and national security reviews.
Renault CEO Luca de Meo is leaving to take a new role outside the auto industry, reportedly as CEO of Gucci-owner Kering, after five years leading Renault's turnaround.
Trump called Fed Chair Powell a "numbskull" for not cutting rates, blaming him for $600B yearly losses, despite low inflation and slower producer price growth.
Tesla raised prices of all U.S. Model S and Model X versions by $5,000, as announced on its website and X on Thursday.
Nvidia CEO says this decade will be big for autonomous vehicles and robotics, with AVs rising fast in the U.S. and China as firms expand robotaxi services.
BoE chief Andrew Bailey urges UK to deepen EU ties, warning weaker trade post-Brexit hurts the economy and makes controlling inflation more difficult.
U.S. jobless claims stayed at an 8-month high, signaling a cooling labor market, while May producer prices eased, supporting possible Fed rate cuts.
Meta buys 49% of Scale AI for $14.3B, valuing it at $29B. CEO Alexandr Wang joins Meta to lead a new AGI team amid the AI race in Silicon Valley.
Oil prices surged over 9% after Israel struck Iran, sparking supply fears. Brent hit $78.50, WTI $77.62 — highest levels since January.
Oil prices surged more than 9% on Friday following Israel's airstrike on Iran, marking the highest levels in nearly five months. The dramatic escalation in Middle East tensions has raised serious concerns about potential disruptions to global oil supplies, particularly from a region that plays a critical role in energy markets. Price of crude jumped $6.29, or 9.07%, to $75.65 a
Economists say Trump's tax law could cost $3T over 10 years. The White House disputes this, claiming it will generate up to $8T—a sharp $11T gap in estimates.
UK GDP fell 0.3% in April 2025 after 0.2% growth in March. Services, production down; construction up. GDP rose 0.7% in 3 months to April. Inflation error noted.