Tesla drops threat to scrap graphite supply deal with Syrah Resources

New research examines how a Chinese company struggled to develop its predictive surveillance technology while U.S. restrictions were in place.

The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.

The post NZD/USD Price Forecast: Kiwi corrects lower and tests support at 0.5965 appeared on BitcoinEthereumNews.com. The New Zealand Dollar (NZD) holds marginal losses against the US Dollar (USD) on Monday, retreating to session lows of 0.5965 from highs a few pips below 0.6000. Manufacturing data from China has been supportive, although the skirmishes between the US and Iran are feeding a certain degree of cautiousness at the week’s opening. The US military reported a new wave of airstrikes on Iran’s military sites, and Tehran said that they targeted a US base that was used to launch attacks on the country. US President Donald Trump keeps pondering whether to sign a ceasefire extension or not, and meanwhile, the Strait of Hormuz remains closed, keeping Oil near $100 and straining New Zealand’s Oil-importing economy. Technical Analysis: On a bearish correction, amid a broader bullish trend NZD/USD trades at 0.5971, with price action suggesting that the pair might be on the fourth wave

The rebalancing highlights China's strategic sector focus, potentially increasing volatility and influencing global investment patterns. The post China index rebalancing to trigger $48B in passive flows by June 12 appeared first on Crypto Briefing.

The post Australian Dollar firms against Japanese Yen following China’s RatingDog Manufacturing appeared on BitcoinEthereumNews.com. AUD/JPY extends its gains for the third successive day, trading around 114.60 during the Asian hours on Monday. The currency cross holds its ground as a wave of mixed economic data from China, Australia, and Japan shaped market sentiment. China’s RatingDog Manufacturing Purchasing Managers Index (PMI) slipped to 51.8 in May from the previous month’s 52.2 reading. While this indicates a slight deceleration in expansion, it still managed to beat market expectations of 51.4, offering a layer of resilience to the regional outlook. In Australia, the labor market showed signs of recovery as the ANZ–Indeed Australian Job Ads rebounded by 1.8% month-on-month (MoM) in May, marking the first gain since February and bouncing back from a 0.6% decline in April. However, the overarching trend continues to suggest that labor demand is gradually moderating as elevated bo

The post AUD/USD Forecast: Subdued below 0.7200 after China’s PMI appeared on BitcoinEthereumNews.com. The AUD/USD pair extends the range play below the 0.7200 mark and moves little following the release of China’s RatingDog Manufacturing PMI, which eased to 51.8 in May from 52.2 in the previous month. Meanwhile, spot prices remain close to a two-week high touched on Friday and seem poised to appreciate further amid a constructive technical setup. Friday’s breakout through the 0.7180 confluence hurdle – comprising the 100-period Simple Moving Average (SMA) on the 4-hour chart and the 50% Fibonacci retracement level of the May downswing – was seen as a key trigger for the AUD/USD bulls. Moreover, the Relative Strength Index (RSI) near 60 hints at constructive but not overextended momentum. Adding to this, the Moving Average Convergence Divergence (MACD) hovers in positive territory with a slight bullish tilt, reinforcing a cautious upside tone. However, persistent geopolitical uncertain

The post 51.8: China’s RatingDog Manufacturing PMI beats estimates in May appeared on BitcoinEthereumNews.com. China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declines to 51.8 in May from 52.2 in April the latest data published by RatingDog showed on Monday.  The market forecast was for a 51.4 reading. AUD/USD reaction to China’s PMI data At the time of writing, the AUD/USD pair is trading around 0.7183, up 0.01% on the day.  (This story was corrected on June 1 at 01:50 GMT to say China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in May from 52.2 in April, not rose). Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in

The post China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May appeared on BitcoinEthereumNews.com. Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/china-ratingdog-manufacturing-pmi-came-in-at-518-above-forecasts-514-in-may-202606010145