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US strikes may have hit Iranian water facility, NYT analysis shows
A New York Times analysis of satellite imagery and video suggests U.S. strikes may have accurately hit an Iranian water facility, though it is unclear if the facility was intentionally targeted or if its function was known.
Lebanese President Warns of Fateful Crossroads Between Statehood and Militias
Lebanon's President stated the nation faces a decisive choice between establishing a sovereign state with a monopoly on arms and the rule of law, or remaining captive to militia logic and a culture of exclusion.
US mayoral race sees flood of betting-company sponsored misinformation
Analysts warn that online influencers paid by betting firms spread false narratives in a recent US mayoral election, raising concerns about future electoral integrity.
Bitcoin Miner Capitulation, CryptoQuant Sees $53,600 Bottom, EU Targets Crypto Exchanges
On-chain data signals BTC miner capitulation, CryptoQuant forecasts a bottom at $53,600, and the EU proposes sanctions against crypto exchanges. Plus, Humanity Protocol loses $31M to a hack and ZEC shorts emerge ahead of vulnerability disclosure.
Trump Says 'Great Deal' to End War, Netanyahu Accepts
Trump stated a deal to end the war is in place, calling it 'great,' while a senior U.S. official said Netanyahu did not oppose the agreement.
Iranian Hardline Daily Warns Against Strait of Hormuz Diplomacy
A hardline Iranian newspaper, Kayhan, has cautioned against reopening the Strait of Hormuz through diplomatic talks with the United States, highlighting internal opposition as Tehran and Washington discuss a potential agreement.
Iran Says US MoU Could Be Signed Remotely as Hardliners Oppose Draft
Iran indicates a memorandum of understanding with the US might be finalized remotely within days, while hardliners criticize the draft. Washington ties any relief to nuclear dismantlement, and tensions persist in the Strait of Hormuz after CENTCOM reports downing drones targeting shipping.
Biden Official Says Reporter’s Unique Access Came from Information Sharing
A Biden administration official revealed that a reporter obtained privileged access by exchanging information with sources.
Ichimoku Cloud Trading System Explained in New Video
A new video explains the Ichimoku Cloud trading strategy, covering market trends, momentum, support/resistance, and market structure.
US Consumer Spending Loses Momentum as Retail Sales Expected to Fall
The Chicago Fed projects a 0.3% month-over-month decline in retail and food services sales excluding autos for May, the largest drop since January 2025. After adjusting for inflation, sales are estimated to fall 1.3%.
SpaceX Shares Surge with $80B Volume, Becomes 7th Largest Public Company
Over 500 million shares of SpaceX ($SPCX) traded with volume exceeding $80 billion, reportedly making it the 7th largest public company globally.
Central Bank Decisions: Fed, BoJ, BoE, RBA in Focus Next Week
The US Dollar Index edged lower last week, closing near 99.80 as markets brace for a week packed with monetary policy decisions from the Fed, Bank of Japan, Bank of England, and Reserve Bank of Australia.
S&P 500 Elliott Wave Analysis Flags Large Decline Ahead
An Elliott Wave and market breadth analysis from June 3 suggests the S&P 500 is poised for a major downturn, citing bearish signals despite the index trading near 7,570 at the time.
Dow Jones gains 0.66%, S&P 500 rises 0.46%, Nasdaq up 0.30% at close
Unofficial closing data shows the Dow Jones Industrial Average added 337.75 points to close at 51,186.50, the S&P 500 gained 33.89 points to 7,428.19, and the Nasdaq rose 76.49 points to 25,886.15.
South Korean Authorities Step Up FX Stabilisation Push – Societe Generale
Societe Generale notes that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the won.
US Official: Iran Deal Ensures Reopening of Strait of Hormuz, Nuclear Containment
A senior US administration official stated that the Iran agreement guarantees long-term regional peace and the reopening of the Strait of Hormuz, achieving core US objectives regarding nuclear materials.
Deutsche Bank: UK Growth Resilient, Inflation Softening
Deutsche Bank's Sanjay Raja notes the UK economy is tracking close to the Bank of England's Scenario A, with stronger-than-expected early-2026 GDP but cooling labour market and easing price pressures.
Retail Investors Sell Stocks for Three Consecutive Days, First Streak Since 2020 Pandemic
Retail investors sold stocks for three consecutive days ending Wednesday, the first such streak since the 2020 pandemic. Monday saw the highest retail outflows since November 2023, with semiconductors and AI stocks hit hardest.
Gold Holds Above $4,200 on Hopes of US-Iran Deal
Gold (XAU/USD) consolidates above $4,200 as market optimism grows over a potential US-Iran deal expected next week, easing inflation concerns.
KRW Strengthens on Equities and Hawkish BoK – BBH
South Korean Won is outperforming on strong local equities and a hawkish central bank stance, according to Brown Brothers Harriman's Elias Haddad.
USD/CAD RSI Overbought; Bears Defend 1.4000 Level
USD/CAD traded higher on Friday, supported by lower oil prices weighing on the Canadian dollar. However, the RSI entered overbought territory and bears are actively defending the 1.4000 resistance level.
Yen Weakness Sparks Intervention Concerns as USD/JPY Remains Elevated
Scotiabank strategists warn that USD/JPY's persistent strength above prior intervention-trigger levels raises the risk of Japanese authorities stepping in to support the yen.
FOMC Meeting Next Week: Expected Neutrality as Warsh Takes Chair
The upcoming FOMC meeting is expected to maintain a neutral stance, with Kevin Warsh presiding as Chair for the first time. Analysts anticipate no major policy shifts given the precarious economic environment.
EUR/USD Steady as Market Awaits US-Iran Peace Deal Clarity
EUR/USD trades around 1.1573, fluctuating between modest gains and losses as traders await Tehran's decision on a potential agreement with the US to end the Middle East conflict.