GBP/USD attempted to move closer to 1.3350 on Tuesday but remained under pressure. The US dollar continues to benefit from strong US labour market data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance and could even consider further interest rate increases before the end of the year. Developments in […]
The post GBP/USD Remains Under Pressure Despite Attempts to Recover 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…