The US dollar strengthened against its major counterparts after the release of a robust US labour market report. Non-farm payrolls increased by 172K in May, well above the forecast of 85K, confirming the resilience of the US economy and reducing expectations of an imminent easing of monetary policy by the Federal Reserve. Additional support for […]
The post Dollar Gains Fresh Momentum: Market Assesses the Impact of the NFP Report appeared first on ActionForex.
The biggest risk facing oil markets may not be another missile strike in the Middle East. It may be the calendar. Since peaking near $120 in March, Brent crude has fallen back below $95 despite Read more…
Key Takeaways The S&P 500 faces growing downside risks amid deteriorating market breadth. Despite a sharp rebound in semiconductor stocks, only three of the eleven S&P 500 sectors advanced, highlighting narrow leadership and a lack Read more…
Jensen Huang was in Seoul on June 8, meeting South Korean business leaders, when the question about the selloff came. US tech shares had dropped Friday on concerns over a possible interest rate hike. South Read more…