Trump says it is extremely hard to make a deal with Xi

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“I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!”

There’s no follow up on that and it isn’t clear if he actually spoke to Xi already or not. Earlier suggestions were that they were working towards a potential phone call at the end of the week. After the above tweet, Trump just says that “THE UNITED STATES HAD THE BEST MAY IN 30 YEARS. MAKE AMERICA GREAT AGAIN!!!”. Go figure.

This article was written by Justin Low at www.forexlive.com.

Fed’s Bostic urges patience, in no hurry to adjust rates

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Atlanta Fed President Raphael Bostic emphasized a patient approach to monetary policy in light of heightened uncertainty across trade, fiscal, and regulatory fronts. In an essay published today, Bostic noted that the US economy remains “broadly healthy”, with inflation still above target but showing limited response—so far—from rising tariffs. “I am in no hurry to […]

The post Fed’s Bostic urges patience, in no hurry to adjust rates appeared first on Action Forex.

Euro Slips on Softer CPI, But Trading Largely Listless

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The currency markets remain largely listless today, with all major pairs and crosses still trapped within last week’s ranges. Euro edged slightly lower following the release of Eurozone CPI data, which showed inflation falling below the ECB’s 2% target for the first time since September last year. The core measure also softened notably, reinforcing the […]

The post Euro Slips on Softer CPI, But Trading Largely Listless appeared first on Action Forex.

Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing

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This via chief economist at KPMG in the US, Diane Swonk:

  • a Federal Reserve study showed that Trump’s 2018–2019 steel tariffs raised input costs so sharply that any jobs protected in the steel sector were outweighed by broader manufacturing job losses
  • Swonk warned that the impact could be even more severe this time around
  • “Now double steel tariffs and combine them with more tariffs.”

This article was written by Eamonn Sheridan at www.forexlive.com.

Rejection, recoil, ready to rip in S&P 500? [Video]

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Watch the video from the WLGC session on 3 Jun 2025 to find out the following: Why does the S&P 500 keep getting rejected at the 6,000 level, and what to anticipate next? What does the recent price action and volume tell us about who’s really in control — the bulls or the bears? How can traders use the key zones to spot low-risk, high-reward opportunities? And a lot more… Market environment The bullish vs.