Market News - Gold, Oil & Forex

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.

European currencies are staging a solid recovery after a period of heightened demand for the US dollar, which had previously been supported by geopolitical tensions in the Middle East. Reports that the United States and Iran have reached preliminary agreements regarding a potential ceasefire and the normalisation of shipping through the Strait of Hormuz have […] The post EUR/USD and GBP/USD Advance on Reports of a US–Iran Agreement appeared first on ActionForex.

Chinese refiners reduced their run rates to the lowest in four years as crude imports dropped to an eight-year low, Bloomberg reported today, citing official statistics data. The average run rate for Chinese refineries in May stood at 66.3%, with total volumes processed over the month down by 9.1% on the year to 53.72 million tons, the data also showed. The data follows earlier figures released by China’s statistics agency showing that crude oil imports into the country plummeted to the lowest...

The Bank of Japan hiked. The Reserve Bank of Australia paused. Neither decision surprised markets. Yet the reaction in AUD/JPY may be telling a more important story. The cross drifted lower after the BoJ raised rates by 25 basis points to 1.00%, the highest level since 1995, while the RBA kept rates unchanged at 4.35%. […] The post AUD/JPY Weakens After BoJ Hike and RBA Hold, Risks Build Towards 112 and Below appeared first on ActionForex.

The Reserve Bank of Australia left the cash rate unchanged at 4.35% as widely expected, with the accompanying statement carried a distinctly hawkish tone. While policymakers acknowledged that financial conditions have tightened following three rate hikes this year and that the economy is slowing as expected, they repeatedly stressed that inflation remains a problem. The […] The post RBA Holds at 4.35% but Keeps Tightening Bias Alive appeared first on ActionForex.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent. Inflation picked up materially in the second half of 2025, and information since the beginning of this year confirms that some of the increase reflected greater capacity pressures. The latest data show that headline and underlying inflation are still […] The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on ActionForex.

The Bank of Japan raised its policy rate by 25 basis points to 1.00%, as widely expected, marking the highest interest rate level in 31 years and the first time since 1995 that rates have reached 1%. The move follows December’s increase from 0.50% to 0.75% and represents another step in the central bank’s gradual […] The post BoJ Reaches Key Milestone With First 1% Interest Rate Since 1995 appeared first on ActionForex.

Key Highlights Bitcoin tested $60,000 before it started a recovery wave. BTC/USD traded above a bearish trend line with resistance at $62,500 on the 4-hour chart. Ethereum recovered by over 10% and climbed above $1,750. WTI Crude Oil prices extended losses and traded below $82.00. Bitcoin Price Technical Analysis Bitcoin price extended losses and tested […] The post Bitcoin Climbs Off the Lows, Facing a Wall of Resistance Ahead appeared first on ActionForex.

The S&P500 SPX appears to have completed a short term bearish cycle that corrected the rallies from late March 2026. The short term path continues to favor more upside. What are the next targets to take note of. How should intraday and short-term traders approach it? The SPX completed the intermediate degree wave (2) on […] The post SPX Short Term Analysis Forecasts Bullish Path to 8500 appeared first on ActionForex.

In March, Microsoft, Google, Amazon, Meta, OpenAI, Oracle, and Elon Musk’s xAI joined President Trump at the White House. Together, they signed a document that will reshape how AI’s biggest companies operate for years to come. They committed, in writing, to pay for every megawatt of new electricity their AI projects will require and to cover all of the grid infrastructure those projects depend on. In short, the seven biggest names in tech told the President they would pay whatever it costs to...