WIRE: GOLD FUT IS TRADING AT $4340. RANGE BOUND ACTION SEEN BEFORE CRUCIAL MEETINGS OF BOJ AND ๐บ๐ธ FED. EVEN AFTER CRASH IN CRUDE PRICES, ITS INFLATIONARY EFFECT WILL REMAIN AND WILL KEEP BORROWING COST ELEVATED THUS KEEPING GOLD UNDER CHECK.
WIRE: INTENSE SELLOFF IN TECH SHARES ON OVERVALUATION CONCERNS EASES. BUT AI DRIVEN INVESTMENT FRENZY IS NOW STUCK AROUND THE CONCERN THAT WHETHER THE AI COMPANIES CAN GIVE SUSTAINABLE EARNINGS. ๐ MARKETS ARE STUCK BETWEEN STEADY FUTURE EARNINGS AND INFLATED VALUATIONS.
WIRE: USA ๐บ๐ธ 10YR BOND YIELD AT 4.553. US 30YR AT 5.06 AS HIGHER RATE EXPECTATIONS GENERATED AGAIN AFTER OIL PRICES GAINED ON FRESH US STRIKES ON ๐ฎ๐ท IRAN.
#usbonds#crudeoil#IranWarโ
WIRE: ๐บ๐ธ US AIRFORCE DELIVER POWERFUL STRIKES ON IRANIAN MISSILE SITES. PORT CITY OF BANDER ABBAS BOMBED HEAVILY. ๐ฎ๐ท IRAN SWEARS OF RETALIATION. GOLD DOWN TO $4139, WTI CRUDE AT $72.4.
WIRE: DOUBTS ABOUT THE DETAILS OF THE ๐บ๐ธ US ๐ฎ๐ท DEAL STILL REMAINS. THE STRAIT OF HORMUZ STILL SEEING VERY FEW TRAFFIC. CRUDE IS UP TODAY WITH WTI ABOVE $81 WHILE THE RALLY IN GOLD STOPPED AND THE METAL IS TRADING AROUND $4335.
WIRE: ๐บ๐ธ US MAY JOBS DATA BOOST BOND YIELDS. 10YR YIELD AT 4.53 ,30 YR ABOVE 5.00. GOLD FALLS BY $123. CRUDE AND STOCK FUTURES FALL AS RATE HIKE CHANCES GAINS.
WIRE: ๐บ๐ธ US LABOR MAY NONFARM PAYROLLS +172K; CONSENSUS +80K. US MAY UNEMPLOYMENT RATE 4.3%; CONSENSUS 4.3%
US MAY AVERAGE HOURLY EARNINGS +0.32%, OR +$0.12 TO $37.53; OVER YEAR +3.45%
US MAY PRIVATE SECTOR PAYROLLS +120K AND GOVERNMENT PAYROLLS +52K
WIRE: ๐บ๐ธ US MARKETS STAGNANT ON LACK OF FRESH NEWS. NON FARM PAYROLL DATA 172K. US-IRAN TALKS REMAIN UNCERTAIN. ๐ฎ๐ฑ ISRAEL LEBANON ๐ฑ๐ง CEASEFIRE STILL NOT THERE. CRUDE- WTI AT $92.7 WHILE BRENT AT $94.76. US 10 YR BOND YIELDS AT 4.53 UP BY 1.36%. GOLD DOWN TO $4474. DOLLAR UP.
๐*WIRE: TRUMP STILL GIVING THE PEACE DRAFT A LOOK, FLOATING HIS IDEAS ๐ก ON SOCIAL MEDIA, DEMANDING TOTAL SURRENDER OF ๐ฎ๐ท IRAN. MARKET WAITS FOR THE GOOD NEWS. GOLD FUT UP BY $60 AT 4600. WTI AND BRENT CRUDE FALLS.
๐*WIRE: CONGUSION REIGNS IN THE MARKET EVEN AFTER ๐บ๐ธ US ๐ฎ๐ท IRAN DEAL NEWS. FOCUS TURNS TOWARDS TRUMPS RESPONSE TO THE PEACE DRAFT. US FUT LITTLE CHANGED, GOLD AT $4530 WHILE US CRUDE AT $87.9
๐*WIRE: MORNING MARKET: TENSION RETURNED TO THE MARKET AS ๐บ๐ธ US ๐ฎ๐ท IRAN DEAL REMAINS AT HOLD. MORE US STRIKES ON IRANIAN PORT. WALL STREET REMAINS ON EDGE, GOLD FUT FALLS TO $4430,CRUDE ๐ข RISES. TRUMP GIVES CONFLICTING SIGNALS.
๐*WIRE: MORNING MARKET: ๐บ๐ธ US FUTURES SLIGHTLY POSITIVE. GOLD FUTURES ARE AT $4540 WHILE CRUDE FUTURES ARE IN RED. US WTI $92.61 AND BRENT AT $95.59 BOTH DOWN BY AROUND 1.3%.
TRADERS REMAIN SKEPTICAL ABOUT FRAGILE US-IRAN CEASEFIRE BUT MOOD IS MORE ABOUT UPCOMING PEACE.
๐*WIRE: ๐ฎ๐ท SENDS FOREIGN MINISTER ABBAS ARAGHCHI TO ISLAMABAD BY SATURDAY MORNING WITH A SMALL DELEGATION FOR TALKS WITH ๐บ๐ธ USA.
#IranWarโ
๐WIRE* GLOBAL MARKETS REMAINS MUTED IN AN ATMOSPHERE OF UNCERTAINTY OVER #USA#IRAN CEASEFIRE. DESPITE ๐ฎ๐ท RELUCTANCE HECTIC TALKS ARE GOING ON BETWEEN ๐บ๐ธ US IRAN AMD PAKISTAN ๐ต๐ฐ.