Economics

New Zealand’s Services PMI for May remains in deep contraction at 44.0 vs. prior 48.1

BNZ – BusinessNZ Performance of Services Index (PSI) + PMI are “consistent with the economy returning to recession” BNZ –…

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Economics

Asking prices for UK homes show biggest June fall since 2011

Fallen by the most in 14 years for this time of year UK Rightmove House Prices for June 2025: -0.3%…

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Geo-Political

Israeli media, says Iranian attacks on Tel Aviv, Haifa heaviest barrage since war began

Iran’s most recent wave of missiles fired at Israel: Israel has detected another wave of ballistic missiles launched from Iran…

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Geo-Political

‘Unprecedented’ number of US Air Force aerial refueling tankers heading toward Europe

This could be an escalation sign (d’uh) A large-scale military airlift seems to be in progress, with an unusually high…

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Economic Calendar

China Industrial Output May 2025 +5.8% y/y (expected 5.9%, prior +6.1%)

Chinese retail sales and investment data published also That’s a very good retail sales result, well ahead of expected and…

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Crypto

XRP price weathers market-wide volatility near $2.00 support

XRP comes under immense pressure, falling toward $2.09 as Israel and Iran escalate conflict. Ripple and the SEC file a…

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Crypto

ETH maintains downtrend despite SharpLink’s $463 million purchase

SharpLink announced it purchased 176,270.69 ETH for a total of $462.9 million. The company has become the largest public company…

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Forex

GBP/USD plunges as Israel-Iran conflict rattles markets, boosts US Dollar

GBP/USD drops over 0.40%, pressured by weak UK data and BoE-Fed policy divergence, which favors the Dollar’s strength. Israel strikes…

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Forex

USD/CAD breaks 1.3600 as US Dollar weakness returns

The USD/CAD pair has fallen below 1.3600, which is now providing resistance. Israel’s attack on Iran fails to support a…

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Metals

Gold surges past $3,400 on Israel-Iran war risk, soft US inflation boosts safe-haven demand

Bullion rallies to five-week high amid geopolitical tension and dovish Fed outlook Israel strikes Iran, fueling fears of broader war…

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