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The U.S. has limited exports of some chips and chip technology to China as part of a national defense strategy dating back to the first Trump administration

Students who borrow federal loans for their education could be in repayment for up to 30 years under the House Republicans’ new legislative package.

• Tariffs are important. He is happy with the appeals court decision
• Elon will be back and forth, it is his baby. Many DOGE people are staying on.
• Will continue cuts surgically
• We will see the results long into the future.

This article was written by Greg Michalowski at www.forexlive.com.

Iran says:

• US Pres. Trumps threat to destroy Iran’s nuclear facilities is a clear red line.
• It will have severe consequences.
• Such threats are open hostility against Iran’s national interests
• if US seeks a diplomatic solution, it must abandon the language of threats and sanctions

This article was written by Greg Michalowski at www.forexlive.com.

JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.

Musk’s work leading DOGE, President Donald Trump’s initiative to slash federal agencies and their resources, is coming to a formal end.

Markets will face a heavy load of high-impact economic data highlighed by the US and Canada jobs report on Friday, and central bank events next week. The Bank of Canada and European Central Bank are expected to cut rates next week.

Monday, June 2

• 10:00am (US) – ISM Manufacturing PMI (Forecast: 49.3 | Prior: 48.7)

• 1:00pm (US) – Fed Chair Powell Speaks

Tuesday, June 3

• 2:30am (CHF) – CPI m/m (Forecast: 0.2% | Prior: 0.0%)

• TBD (JPY) – BOJ Governor Ueda Speaks

• 10:00am (US) – JOLTS Job Openings (Prior: 7.19M)

• 9:30pm (AUD) – GDP q/q (Forecast: 0.4% | Prior: 0.6%)

Wednesday, June 4

• 8:15am (US) – ADP Non-Farm Employment Change (Forecast: 110K | Prior: 62K)

• 9:45am (CAD) – Bank of Canada Rate Statement

• 9:45am (CAD) – Overnight Rate Decision (Forecast: 2.50% | Prior: 2.75%)

• 10:00am (US) – ISM Services PMI (Forecast: 52.0 | Prior: 51.6)

• 10:30am (CAD) – BoC Press Conference

Thursday, June 5

• 8:15am (EUR) – ECB Main Refinancing Rate (Forecast: 2.15% | Prior: 2.40%)

• 8:15am (EUR) – ECB Monetary Policy Statement

• 8:30am (US) – Weekly Unemployment Claims (Forecast: 232K | Prior: 240K)

• 8:45am (EUR) – ECB Press Conference

Friday, June 6

• 8:30am (CAD) – Employment Change (Forecast: 7.4K)

• 8:30am (CAD) – Unemployment Rate (Forecast: 6.9%)

• 8:30am (US) – Average Hourly Earnings m/m (Forecast: 0.3% | Prior: 0.2%)

• 8:30am (US) – Non-Farm Payrolls (Forecast: 130K | Prior: 177K)

• 8:30am (US) – Unemployment Rate (Forecast: 4.2%)

This article was written by Greg Michalowski at www.forexlive.com.

United States Michigan Consumer Expectations Index registered at 47.9 above expectations (46.5) in May

United States UoM 5-year Consumer Inflation Expectation came in at 4.2% below forecasts (4.6%) in May