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United States U6 Underemployment Rate down to -1% in May from previous 7.8%

The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank’s commodity analyst Carsten Fritsch notes.

Japanese Yen (JPY) is down 0.4% vs. the US Dollar (USD) and underperforming all of the G10 currencies in an environment of modest USD strength.

Trump lashed out at Elon Musk for his criticism of the Republican tax-cut and spending bill, leading the CEO to later suggest Trump should be impeached.

Amazon’s reported work on software to use human-like robots in package delivery represents the next chapter in the company’s lucrative automation strategy.

Trump had slapped higher tariffs on China than any other country, but temporarily lowered them last month after initial trade talks in Switzerland.

FuelCell Energy came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.51. This compares to loss of $2.10 per share a year ago. These figures are adjusted for non-recurring items.

United States (US) President Donald Trump took to social media on Friday to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates.

The Japanese Yen (JPY) continues to weaken against the British Pound (GBP) on Friday, with the GBP/JPY pair edging up to near 195.20 at the time of writing. 

Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (iii) of {iii}.