US CPI climbed 0.3% mom in June, matching forecasts, with the increase largely driven by a 0.2% mom rise in shelter costs and a 0.9% mom gain in energy prices. Food prices also edged higher, up 0.3% mom on the month. While the headline data aligned with expectations, the core CPI—excluding food and energy—rose just […]
The post US CPI jumps to 2.7% yoy in June, core CPI undershoots expectation at 2.9% yoy appeared first on Action Forex.
Daily Pivots: (S1) 157.35; (P) 157.63; (R1) 158.18; More… USD/JPY fell sharply after reject below 55 4H EMA (now at 158.06). The decline from 160.71 high is resuming and intraday bias is back on the Read more…
The market narrative has flipped again—and this time the reversal is dramatic. Just days after investors were positioning for a dangerous escalation in the Strait of Hormuz, traders are suddenly rushing back into risk assets Read more…
Key takeaways Risk-on rally driven by easing geopolitics: Cooling US–Iran tensions and lower oil prices have reduced risk premiums, lifting global equities to record highs—led by the S&P 500 and Nasdaq 100. AI-led earnings momentum Read more…