Brent price rallies for the second consecutive day on intensifying hostilities between the US and Iran that resulted in closure of strategic Strait of Hormuz and fueled fears about prolonged supply disruptions that may send fresh shockwaves towards already weakened western economies. Oil price hit new highs of over one month on Tuesday and so […]
The post Brent Oil Hit One Month High as Situation in the Middle East Escalates Further appeared first on ActionForex.
The NFIB’s Small Business Optimism Index rose 2.1 points to 97.4 in June, moving closer to its 52-year average of 98.0. The Uncertainty Index fell 2 points to 89, although it remains elevated relative to Read more…
The Social Security Trustees finally released their long-awaited update on the program’s finances on June 9. The report is 273 pages long, so I’ll give you the highlights. In a nutshell, Social Security’s current setup Read more…
Dollar fell broadly in early trading after June CPI delivered a much larger-than-expected downside surprise, shifting market attention away from escalating geopolitical risks and back toward a more benign inflation outlook. Headline CPI fell -0.4% Read more…