Market News - Gold, Oil &amp; Forex

Oil Crashes Below $80, But Markets Hold Fire Ahead of Fed Decision

The biggest move in global markets is still happening in oil. The most important move may come tomorrow. Brent crude plunged below USD 80 today, extending a dramatic collapse that began after the United States and Iran reached a provisional peace agreement over the weekend. The decline accelerated after President Donald Trump arrived at the […] The post Oil Crashes Below $80, But Markets Hold Fire Ahead of Fed Decision appeared first on ActionForex.

Oil Shocks Are Not What They Used to Be. Prices May Have Further to Fall

Over the past three months, oil markets have witnessed something extraordinary. The largest supply shock in history has - this time - failed to trigger a deep energy crisis. With only slight exaggeration, one could say that oil shocks are no longer what they used to be. Following the US-Iran agreement, it is now increasingly […] The post Oil Shocks Are Not What They Used to Be. Prices May Have Further to Fall appeared first on ActionForex.

Qatar Eyes Quick LNG Restart Once Hormuz Reopens

Qatar prepares to quickly restart and restore liquefied natural gas output within weeks after the eventual reopening of the Strait of Hormuz, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of the plans. State firm QatarEnergy, which curtailed LNG output in early March before an LNG facility was hit by Iranian missiles in mid-March, has now told its customers that it could restore about 50% of its production capacity within a month after safe navigation through the...

India’s ONGC Considers Resuming Venezuela Oil Operations

ONGC Videsh Ltd (OVL), the overseas unit of India’s state-owned Oil and Natural Gas Corporation (ONGC), considers reviving operations at its two onshore oil assets in Venezuela as the world’s top crude resource holder is welcoming foreign companies back to its industry. OVL plans to resume its operations in Venezuela even if it still expects about $900 million in dividends due from state oil firm PDVSA for its stake in the two oil concession assets, Indian outlet Economic Times reported on...

Bitcoin Rally Faces Two Major Hurdles Before Bullish Reversal Can Be Confirmed

Bitcoin has extended its recovery this week, climbing back above the 66,000 level as risk appetite improves across financial markets. The rebound has been supported by a combination of easing geopolitical tensions following the US-Iran peace agreement, renewed enthusiasm for growth assets after the highly anticipated SpaceX market debut, and signs that institutional demand may […] The post Bitcoin Rally Faces Two Major Hurdles Before Bullish Reversal Can Be Confirmed appeared first on...

Brent: the Key to the Mystery Lies in Taco

It wasn’t just the US and China that contributed to the fall in oil prices. Traders bet that Trump always chickens out. The US dollar quickly recouped some of its losses as markets began to doubt the effectiveness of the US-Iran deal. Each side is presenting the agreement as a victory for itself, and the […] The post Brent: the Key to the Mystery Lies in Taco appeared first on ActionForex.

Crypto: Growth Without the Euphoria

Market Overview The crypto market capitalisation rose to $2.3 trillion by the end of Monday, before falling back to $2.27 trillion at the time of writing. The market recovery trend continues, but the relatively cautious pace of growth suggests we are far from euphoria. This looks more like a phase of asset consolidation by major […] The post Crypto: Growth Without the Euphoria appeared first on ActionForex.

Commodities

Gold Inches Higher As Oil Extends Slide On Iran Deal

(RTTNews) - Gold traded higher on Tuesday, extending its recovery from a six-month low as falling oil prices helped ease worries about inflation and the outlook for interest rates.

Oil Prices Extend Decline As Supply Concerns Ease

(RTTNews) - Oil extended declines on Tuesday, after having fallen to a three-month low in the previous session on easing energy supply concerns.

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and Iran earlier this week. Morgan Stanley now sees Brent crude averaging $80 per barrel in the last quarter of 2026, and $90 per barrel in the third quarter, Bloomberg reported, citing a note from the bank’s commodity team. Morgan Stanley’s earlier forecast was for an average of $100 per barrel of Brent in the third...

USDJPY Driven by Emotions: Bank of Japan Raises Rate to Highest Level Since 1995

The USDJPY pair declined to 160.13 on Tuesday after two highly volatile trading sessions. Investors remain focused on the Bank of Japan’s latest policy meeting. The regulator raised its key interest rate by 25 basis points to 1.0%, the highest level since 1995. This move is intended to help contain inflation and support the national […] The post USDJPY Driven by Emotions: Bank of Japan Raises Rate to Highest Level Since 1995 appeared first on ActionForex.

RBA Holds at 4.35%, Ready to Hike if Needed

RBA holds cash rate steady at June meeting as expected, strikes a hawkish tone with rate hikes still on the table. As was all but universally expected, the RBA Monetary Policy Board (MPB) held the cash rate steady at 4.35% at its June meeting. But in a move that was less surprising to us than […] The post RBA Holds at 4.35%, Ready to Hike if Needed appeared first on ActionForex.