June 10, 2025
Dollar softens as US-China talks take spotlight
The U.S. dollar weakened against most major currencies, moving in narrow ranges, as market participants consolidated gains racked up following Friday’s better-than-expected U.S. employment report and shifted their focus to pivotal U.S.-China trade talks in London.
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June 10, 2025
Qualcomm strengthens AI portfolio with Alphawave deal
U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion, as it expands into the booming AI data center market, sending shares of the British semiconductor company surging more than 22%.
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June 9, 2025
Fed likely to leave rates unchanged as US job market cools but doesn’t crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report showing the labor market is far from crumbling amid big trade policy changes only cements that stance. U.S. President Donald Trump ratcheted up his calls for rate cuts.
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June 9, 2025
Crude climbs on US jobs report, China talks
Crude rose more than $1 a barrel on Friday, posting its first weekly gain in three weeks after a favorable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for growth in the world’s two largest economies. After a 3.0% dip during the last session, the Oil-Dollar pair closed 2.3% […]
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June 9, 2025
Gold falls over 1% as strong US jobs data clouds outlook for rate cuts
Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012. The Gold-Dollar pair plummeted 1.3% in the last session. The Stochastic indicator is giving a positive signal.Support: 3217 | Resistance: 3423.7
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June 6, 2025
Weekly jobless claims hit seven-month high; imports post record decline
The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs.
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