The Traderszone Network

Australia’s central bank indicated it will remain cautious for now, stopping short of introducing a clear bias to further lower interest rates in minutes of its June 7 policy meeting, released Tuesday.
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Earlier orderboard for the AUD:
– Sellers 0.7490/00, some stops above the figure and 10
– Buyers  0.7400, ahead of there are stops under 0.7440 … not huge but with event risk on the horizon they are in sight.

Donald Trump and the GOP brought in $18.6 million in May. Hillary Clinton and the Democratic National Committee more than doubled that.

Submitted by Howard Kunstler via Kunstler.com,

At a most troubled moment in history, both major political parties appear set to nominate time-bomb candidates for president with a fair percentage chance of blowing up their own campaigns and the parties themselves.

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The British pound held near three-week highs against the dollar and euro on Tuesday, a day after it had made its biggest daily gains since late 2008.

In line with the company’s goals to dramatically increase production of its vehicles in the coming years, electric-car maker Tesla Motors (NASDAQ: TSLA) is reportedly working on a deal to begin a $9 billion joint venture in China to build a factory for local production in the country, according to Bloomberg, which cites “a person with knowledge of the matter.”

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Reserve Bank of Australia June meeting minutes out now
– Appreciation of AUD could complicate adjustment of economy to the lower terms of trade
– Board judged leaving rates steady at June 7 meeting was consistent with sustainable growth