Mixed news from the Middle East is helping the greenback. Growing similarities with the 1970s for the Fed. The US dollar has recovered after Donald Trump said negotiations with Iran are in their final stages. This contradicts Tehran’s statement that talks with Washington have made no progress and Hezbollah’s refusal to comply with the US-imposed […]
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USD/JPY’s rally from 155.01 is still in progress and intraday bias stays on the upside. As this rise is viewed as the second leg of the corrective pattern from 160.71, strong resistance should emerge there Read more…
Dollar strengthened broadly in early US session after a much stronger-than-expected US employment report reinforced confidence in the resilience of the labor market. Non-farm payrolls rose 172k in May, nearly double expectations, while April’s gain Read more…
Broadcom (AVGO) shares fell 12.6% on June 4 after the chipmaker delivered quarterly results that largely matched Wall Street expectations but failed to provide the AI revenue boost some investors were hoping for. The company Read more…