June 5, 2026 1:58 pm
Key Moments Commerzbank’s Thu Lan Nguyen highlights that U.S. aluminum supply remains tight more than a year after import tariffs were introduced. A planned smelter in Oklahoma has been halted on environmental and ownership issues, while overall U.S. aluminum production has fallen. High prices and elevated import premiums have weighed on demand, raising the risk […]
Read moreJune 5, 2026 1:20 pm
Key Moments China has created China Mineral Resources Group to centralize iron ore purchases and promote yuan-based trade. Meanwhile, Australian producers are exploring state-backed marketing structures to strengthen their bargaining position. In addition, industry leaders are studying Indonesia’s single-desk export model as a possible template. China Strengthens Its Buying Power Rabobank strategist Benjamin Picton highlighted […]
Read moreJune 5, 2026 12:57 pm
Key Moments Micron Technology shares fell 3.6% in pre-market trading to $960.24 amid sector-wide weakness in semiconductors. Broadcom’s decision not to lift its $100 billion full-year AI semiconductor revenue target raised concerns about a potential slowdown in AI infrastructure spending. Positive catalysts for Micron, including analyst upgrades and HBM4 certification for Nvidia’s Vera Rubin platform, […]
Read moreJune 5, 2026 11:00 am
Key Moments Gold (XAU/USD) trades near $4,463, down 0.26%, as investors await the US May jobs report. Meanwhile, stalled US-Iran talks and Middle East tensions are supporting the US Dollar and Treasury yields. Markets expect 85K new jobs in May, while the unemployment rate is forecast to remain at 4.3%. Gold Eases Ahead of Key […]
Read moreJune 5, 2026 9:14 am
Key Moments GBP/JPY moved back above 215.00 after rebounding from a session low at 214.59. The Yen stayed under pressure despite repeated Japanese intervention warnings and expectations of a BoJ rate hike. Upside targets include 215.15, 215.55, and 216.60, while support is located around 214.70, 214.35, and 213.30. Yen Weakness Fuels Ongoing GBP/JPY Upswing GBP/JPY […]
Read moreJune 5, 2026 8:27 am
Key Moments West Texas Intermediate (WTI) futures trade near $91.00 during early European trading on Friday. Meanwhile, a US-brokered ceasefire between Israel and Lebanon remains fragile amid ongoing tensions. In addition, US President Donald Trump says negotiations with Iran and the IRGC are nearing a critical stage. WTI Holds Near $91 as Geopolitical Risks Persist […]
Read moreJune 5, 2026 7:26 am
Key Moments Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) extended a roughly 15% weekly slide as prices moved lower on Friday. Bitcoin and Ethereum ETFs recorded 14- and 18-day streaks of outflows, with BTC ETFs seeing $396.60 million and ETH ETFs $52.94 million in outflows on Thursday. XRP ETF flows showed relative stabilization, with $3.83 […]
Read moreJune 5, 2026 6:24 am
Key Moments AUD/USD trades near 0.7120 in early Asian dealings on Friday as upside momentum fades. Middle East tensions and uncertainty around US-Iran negotiations support demand for the US Dollar. RBA Governor Michele Bullock reiterates a firm anti-inflation stance after lifting the cash rate to 4.35% earlier this year. Australian Dollar Under Pressure Around 0.7120 […]
Read moreJune 5, 2026 5:52 am
Key Moments EUR/USD trades around 1.1620 in early Asian dealings as investors await key U.S. jobs figures for May. Markets are looking to the U.S. Nonfarm Payrolls report, with forecasts calling for 85,000 new jobs and a 4.3% Unemployment Rate. Expectations for further Federal Reserve and European Central Bank policy moves are shaping sentiment toward […]
Read moreJune 4, 2026 2:32 pm
Key Moments Wheat futures are recovering modestly on Thursday morning across Chicago, Kansas City, and Minneapolis contracts after broad declines in the prior session. USDA Export Sales data is due this morning, with market expectations ranging from 200,000 MT in net reductions for old-crop wheat to net sales of 100,000 MT, and 250,000 to 600,000 […]
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