Key takeaways A surprise US-Iran interim agreement has triggered a powerful risk-on rally, with Nasdaq 100 futures surging 3% and S&P 500 futures gaining 2% as traders aggressively unwind geopolitical risk premiums tied to the Strait of Hormuz disruption. Nasdaq 100, Dow Jones, AUD/USD, and Gold have all posted bullish gap-ups, but their advances remain […]
The post Risk-On “Taco” Redux: Intraday Outlook on NASDAQ 100, Djia, AUD/USD and Gold appeared first on ActionForex.
The Federal Reserve’s preferred inflation gauge accelerated in May as both consumer spending and personal income exceeded expectations, reinforcing the picture of a resilient US economy facing persistent price pressures. Personal income rose 0.7% mom, Read more…
US durable goods orders fell -4.5% mom in May, a smaller decline than the expected -4.7% drop, as a sharp pullback in transportation equipment orders offset continued strength elsewhere in the manufacturing sector. The decline Read more…
US initial jobless claims fell more than expected last week, offering fresh evidence that layoffs remain limited despite signs of a gradual cooling in the labor market. Initial claims dropped by -12k to 215k in Read more…