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Editors’ Picks

AUD/USD defends 0.6500 after China's trade and inflation data

AUD/USD defends 0.6500 after China's trade and inflation data

AUD/USD holds gains, defending 0.6500 in the Asian session on Monday. The Aussie remains unperturbed by China's disinflationary trend, reflected by the May inflation data as the nation's Trade Surplus expanded last month. US-China trade talks keep the pair underpinned amid broad US Dollar weakness. 

USD/JPY slips below 144.50 on stronger Japan's Q1 GDP print

USD/JPY slips below 144.50 on stronger Japan's Q1 GDP print

USD/JPY extends losses below 144.50 after Japan's GDP was revised up to show that the economy remained flat in Q1 against the 0.2% contraction initially estimated. This came on top of signs of broadening inflation in Japan and reaffirms BoJ rate hike bets, underpinning the Japanese Yen and weighing on the pair amid a weak US Dollar. 

Gold price sticks to losses near $3,300 amid reduced Fed rate cut bets

Gold price sticks to losses near $3,300 amid reduced Fed rate cut bets

Gold price hangs close to a weekly low near $3,300 early Monday. A stronger-than-expected US jobs report dampened hopes for imminent rate cuts by the Fed this year and undermined the non-yielding yellow metal. The US Dollar, however, struggles to attract any follow-through buyers, likely capping the Gold price downside. 

Week ahead: another fork in the tape—chase the break or wait for the whip?

Week ahead: another fork in the tape—chase the break or wait for the whip?

 When the White House and Wall Street’s poster child for innovation go to war, it’s not just tabloid fodder—it’s a flashing red light for risk. Add to that Monday’s trade pow-wow in London, where Trump’s three-headed economic hydra—Bessent, Lutnick, and Greer—will face off with China. 

Tesla stock down 17% as Musk-Trump breakup worries Wall Street

Tesla stock down 17% as Musk-Trump breakup worries Wall Street Premium

Tesla (TSLA) stock is facing one of its worst trading sessions in a long time on Thursday. Shared closed above $332 on Wednesday, but at the time of writing late in the afternoon session, TSLA has traded below $274, suffering a 17% sell-off.

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