Caiman System Discussion

USA (May):S&P Composite PMI = 51.5 (previously 51.7)S&P Services PMI = 50.7 (previously 51)

Iranian Foreign Minister Araghchi:

The Iranian armed forces are carrying out strikes in self-defence against targets that the US is permitted to use to attack civilian vessels and to violate the ceasefire. Any hostile act will be met with an immediate and resolute response.

The crypto market is on a roll today. A short squeeze on Bitcoin and it’s already back at 64k.

Israel and Lebanon have agreed to implement a ceasefire 

There is “extreme fear” in the crypt once again

Outflows from global gold ETFs totalled $2 billion in May

US shares have seen their sharpest daily fall in more than two months today

There were further clashes between Israel and Iran overnight. This led to increased volatility during the Asian trading session

China plans to launch a $295 billion programme to build artificial intelligence data centres across the country

Gold could slump another 20% by September

US Inflation Picks Up to Three-Year High

Bond Traders Keep Bets on a Fed Hike in 2026 After CPI Data

The US Dollar Index (DXY) is attempting to consolidate at a long-term support level

On-chain demand indicators suggest it is still too early to say that BTC has hit rock bottom

Trump: 

We have just reached an excellent agreement to end the war with Iran

SpaceX's IPO attracted orders from retail investors totalling more than $70 billion  

UBS expects gold prices to fall to between $4,000 and $3,850 in the coming months, whilst remaining bullish for the year as a whole. The main drivers will be a cut in the Fed’s interest rate, a weaker dollar, and continued buying by central banks worldwide. 

SpaceX shares opened at $150 in their debut trading session on the Nasdaq

Israel has once again warned residents of southern Lebanon of impending strikes——————————-A permanent ceasefire in Lebanon is one of Iran’s key conditions in its negotiations with the US

Global investors are actively reducing their holdings of gold. Over the past week, there was a net outflow of $2.3 billion from gold ETFs