US stocks fell toward the end of last week after CPI and PPI data came in higher than expected. This increased worries that US inflation may stay high, which pushed long-term US interest rates higher. Higher rates were negative for equities but helped strengthen the US dollar. USD/JPY rose as the dollar strengthened and the […]
The post Strong US Inflation Lifts Dollar, Pressures Risk Assets appeared first on ActionForex.
Brent crude exploded above $111 in Asian trading as traders returned from the weekend facing a geopolitical backdrop that had deteriorated sharply on multiple fronts at once. The failed Trump-Xi summit removed hopes for any Read more…
New Zealand’s services sector showed signs of stabilization in April, though activity remained in contraction territory as firms continued to grapple with rising fuel costs and disruption linked to the Middle East conflict. BusinessNZ Performance Read more…
Platinum: ⬇️ Sell Platinum reversed from resistance level 2140.00 Likely to fall to support level 1871.50 Platinum recently reversed down from the pivotal resistance level 2140.00 – which stopped earlier waves B and A – Read more…