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1. India's central bank maintained the repo rate at 5.25% but raised FY27 inflation projections and lowered GDP growth forecasts, while introducing measures to stabilize FX markets and attract foreign capital.
2. The cryptocurrency market saw a significant decline, with Bitcoin falling below $62,000 and Ethereum below $1,700, as a large ETH whale's long position faced tens of millions in losses.
3. Foxconn reported May revenue up 39.57% YoY and anticipates Q2 performance well above expectations, driven by robust demand for AI racks.
#MarketUpdate #TradingNews #CryptoMarket #Forex #RBI #IndiaEconomy #InflationOutlook #Foxconn #AITech #Investment

1. The U.S. has reportedly approved about 10 Chinese firms, including Alibaba and Tencent, to purchase NVIDIA's H200 chips, causing NVIDIA's stock to surge in after-hours trading.
2. Bank of Japan (BOJ) board member Masu expressed conviction that the central bank needs to raise its policy interest rate further, signaling a more hawkish stance.
3. Foxconn reported very strong demand for AI servers and projects strong revenue growth for 2026, while also beating its first-quarter profit forecasts.
#MarketNews #TechStocks #NVIDIA #Foxconn #BankofJapan #InterestRates #StockMarket #AI #Geopolitics #USDJPY

1. Iraq has significantly lowered its oil selling price for shipments through the Strait of Hormuz, as Iran's speaker mentions a "new equation" being solidified in the strategic strait.
2. Foxconn reported a 29.74% YoY increase in April revenue and projects Q2 growth, signaling positive sentiment in the technology sector.
3. Indonesia will offer higher incentives for electric vehicles using domestically-sourced nickel batteries, potentially boosting related industries.
#MarketNews #Trading #CrudeOil #Geopolitics #Foxconn #TechStocks #Nickel #EVIncentives #HormuzStrait #GlobalEconomy

1. Geopolitical tensions have sharply escalated after Iran downed a US aircraft and Iranian drone attacks sparked fires at petrochemical facilities in Bahrain and Abu Dhabi, potentially boosting oil prices.
2. Foxconn reported strong Q1 and March revenue growth and provided a positive outlook for Q2, driven by demand for AI racks.
3. Dragonfly transferred $2.12 million worth of MNT tokens to the Bybit exchange, indicating potential selling pressure.
#MarketNews #Geopolitics #OilPrices #IranUS #Foxconn #TechStocks #CryptoNews #MNT #TradingSignals #MarketUpdate