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In focus this week Fighting between Israel and Iran enters its fourth day with continuous air assaults from both sides. Over the weekend, the conflict continued to escalate. Israel expanded its bombardment to target Iranian energy facilities while continuing to attack nuclear sites and residential a

Australia will release its Inflation Expectations for June on Thursday, which could shift interest rate bets.The United States will release the US Producer Price Index data for May, providing insight into wholesale inflation pressures.AUD/USD remains vulnerable to these macroeconomic data releases,

India’s $10,000 Trading Challenge Power by Macro Global Markets As the S16 Global Trading Competition enters its final stretch, Macro Global Markets steps in to supercharge the momentum! Regulated. Trusted. Proven. Macro Global Markets is fully regulated and license

OPEC Secretary General Haitham Al Ghais said on Tuesday that oil demand growth will remain robust over the next two and a half decades as the world population grows, per Reuters. OPEC estimates a 24% growth in global energy consumption between now and 2050, with oil demand exceeding 120 million barr

Notes/observations - European Service PMIs were mixed overall but market is focusing on upwards final revision from France, Euro Zone and beat for Italy, highlighting some strength in services (or the lack of weakness). - Pres Trump dropped a Truth Social post at an unusual time of 02:15 ET, about h

The Gold price rose by 2.8% to $3,380 per troy ounce at the start of the week, Commerzbank's FX analyst Michael Pfister notes. Platinum is still trading below the two-year high "The last time Gold traded higher was more than three weeks ago. There was no specific trigger for the price jump. Rather,

Oil prices gave away gains as a US court reinstated Trump’s tariffsInvestors remain wary that OPEC+ countries might hike output after Saturday’s meeting.The uncertain global growth scenario is undermining Oil demand expectations. WTI Oil prices reversed gains on Thursday, after the US Court of Appea

Jensen Huang did NOT disappoint! 3 Judge Panel (in NYC) strikes down Trumps Tariffs. Stocks are surging around the world. Bonds down, yields up, oil teasing trendline resistance. Eco data – a non-event. Try the Creamy Garlic Chicken. BAM! You need to know TWO things…..The first is that Jensen Huang

The short-term Elliott Wave analysis for NVIDIA (NVDA) indicates a bullish trend unfolding as an impulse structure since the low on April 21, 2025. From that low, the stock completed wave 1 at $111.92. The stock then followed by a corrective pullback in wave 2, which bottomed at $104.08. The subsequ

On the radarReal Retail Sales grew dynamically in Poland in April arriving at 7.6% y/y.Unemployment rate in Poland dropped to 5.2%.In Serbia, real wage growth reached 6.8% y/y in March.Today, in Hungary, central bank holds a rate setting meeting.Economic developments The Competitive Industrial Perfo

Trump’s decision to delay tariffs on EU goods, US PCE index and Fed minutes could shake EUR/USD.RBNZ to cut rates by 25 bps; NZD/USD ticks up in neutral phase.Modest growth on Canadian GDP; USD/CAD plunges to 8-month low. US PCE inflation and Fed minutes – EUR/USD This week, markets are closely watc

Outlook Yesterday the manufacturing PMI was excellent and the dollar fell anyway. The ECB is firmly expected to cut interest rates (again) in June, and the euro rose anyway. Everybody and his brother is watching bond yields that are moving in extraordinary ways but not necessarily helping with curre