Hot spot tracking
- U.S. May CPI data came in below expectations across the board, with core CPI rising just 0.1%. Subsequently, Trump once again called for the Fed to cut interest rates by 100 basis points. This news is bearish for the dollar.
- Iran's defense minister: If nuclear negotiations fail and conflict with the United States occurs, Iran will strike U.S. military bases in the region. This news is bullish for crude oil.
- Musk: Regrets previous posts about Trump. Trump: Can reconcile with Musk, but not a top priority. It is reported that private communication took place before Musk expressed regret. This news is positive for Tesla.
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