Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Australia's retail sales surged 0.70% m/m in August, well above the expected 0.40%. Annual retail sales rose by 3.1%. The jump was mainly due to warm weather, which increased the sales of clothing and cafes.
Robert Ewing, head of business statistics at the Australian Bureau of Statistics (ABS), explained that “this year was the warmest August on record since 1910, which saw more spending on items typically purchased in spring.” Categories that saw increased demand included summer clothing, liquor, outdoor dining, hardware, gardening supplies, camping gear, and outdoor equipment.
Major resistance- 0.7000
Near-term resistance - 0.6950
Minor support- 0.6860,0.6800
Trend reversal level- 0.6620
