Market News

A sharply weaker U.S. June jobs report sent the dollar to the bottom of the majors, lifted gold near 2%, and cooled the rate-hike pricing built up under Fed Chair Warsh.

The U.S. economy added 57,000 jobs in June 2026, missing forecasts of 113,000. Prior months were also revised down 74,000, and September Fed hike bets fell sharply.

The Fed, ECB, BOE, and BOC agreed inflation is stubborn, but their policy paths now look very different for traders.

Oil tumbled on U.S.-Iran optimism as Fed Chair Warsh said inflation risks had eased at a central banking forum. Equities finished mixed, bitcoin led, and the dollar leaned modestly higher.

June’s back-to-back survey misses suggest US consumers are still rattled, and forex traders have real reason to pay attention.

The June NFP report drops in a shortened trading week, potentially triggering volatility as the jobs numbers could impact Fed expectations.

Wall Street capped its best quarter in six years as chipmakers led equities to fresh highs, while the dollar drifted neutral to net bearish and Bitcoin slid below $60,000.

Canada’s GDP rose 0.5% in April 2026, beating forecasts, but an oil-driven rebound and a weak May estimate raise doubts about momentum.

USD/JPY is back above 162, and Japan’s intervention threat is suddenly the only thing standing between bulls and fresh trouble.

Technology shares led a Q2-closing equity rebound as the S&P 500 gained roughly 1.45%, while gold fell nearly 1.8% on a renewed U.S.-Iran ceasefire and USD finished broadly lower.

A weekend of tit-for-tat strikes between the U.S. and Iran blew a hole in the month-old ceasefire deal, putting WTI crude, gold, and the dollar back on edge.

The dollar topped the majors despite a late fade, gold and stocks whipsawed on a tech-led rout, and crude unwound its war premium toward weekly lows.

Wall Street didn’t dump AI this week. It split the trade between companies making money and companies paying the bills.

Micron’s blowout outlook lifted chipmakers while an Apple-led megacap selloff dragged the S&P 500 lower. Crude jumped on Hormuz tension, and the dollar finished a net underperformer.

US Core PCE rose 0.3% month-over-month in May 2026 and hit 3.4% year-over-year, matching forecasts but marking the highest annual rate since late 2023 amid energy shocks from the Strait of Hormuz.

Australia’s labour market delivered a stronger-than-expected performance in May 2026, with the economy adding 40,300 jobs and the unemployment rate falling to 4.4%.

The May 2026 flash PMI data reveal a fractured global economy: manufacturing holds up while services falter, and a war-driven inflation surge complicates the picture for central banks and forex traders alike.

Easing Middle East tensions pulled oil and Treasury yields lower on Wednesday while chipmaker weakness ahead of Micron’s earnings pressured stocks, and the dollar topped every major rival.

With the FOMC leaning more hawkish in its latest statement, will the Fed’s preferred inflation metric further stoke tightening expectations? Here’s what to look out for.

The RBA held rates at its June meeting as softening labor conditions and a rising unemployment rate gave policymakers room to stay on the sidelines.