Market News - Gold, Oil & Forex

Without ever discovering another barrel, at today’s prices, there is more than $42 trillion in crude oil trapped in existing oilfields, awaiting the deployment of advanced new technology that makes the impossible possible. It’s enough to make for a second oil boom, no exploratory drilling needed.  Wood Mackenzie estimates advanced recovery technologies could unlock as much as 470 billion additional barrels worldwide, transforming enhanced recovery from a niche engineering discipline into one of...

India’s federal government has urged states to accelerate approvals of nuclear and battery energy storage systems on their territories in a push to boost energy security amid soaring power demand, Indian newspaper the Economic Times reported on Monday.    As many as 15 states or territories need “accelerated action” on clearances for proposed nuclear power plants and battery energy storage systems, the central government told chief ministers and officials from all states during a meeting last...

An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a deal to reopen the Strait later this week.   The U.S. and Iran late on Sunday announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News of the deal sent oil prices tumbling early on Monday, with Brent Crude...

Markets are finally getting the outcome they have been hoping for. After months of conflict, Washington and Tehran announced a peace agreement that would bring an immediate end to hostilities, setting the stage for the reopening of the Strait of Hormuz and the gradual restoration of normal oil flows. Investors wasted little time responding. The […] The post Relief Rally Sweeps Markets, BoJ and RBA Kick Off Central Bank Week appeared first on ActionForex.

Platinum (PL) surged to fresh record highs in late January, marking a potential inflection point toward a long‑term secular bull market. This article explores the metal’s extended outlook and the evolving Elliott Wave framework that underpins its advance. Platinum (PL) Monthly Elliott Wave Chart The monthly Platinum chart highlights a decisive breakout into record territory, […] The post Platinum Elliott Wave View: Double Three Correction in Play appeared first on ActionForex.

The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.    Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News of the deal sent oil prices tumbling early on...

SpaceX’s success and geopolitics are driving the S&P 500 higher. Investors are hoping for future Fed rate cuts. Rumours of an imminent end to the conflict in the Middle East, SpaceX’s successes, positive news from the US economy and a decline in the likelihood of the Fed tightening policy have allowed the S&P 500 to […] The post S&P 500: on Track for a Recovery appeared first on ActionForex.

Key takeaways A surprise US-Iran interim agreement has triggered a powerful risk-on rally, with Nasdaq 100 futures surging 3% and S&P 500 futures gaining 2% as traders aggressively unwind geopolitical risk premiums tied to the Strait of Hormuz disruption. Nasdaq 100, Dow Jones, AUD/USD, and Gold have all posted bullish gap-ups, but their advances remain […] The post Risk-On “Taco” Redux: Intraday Outlook on NASDAQ 100, Djia, AUD/USD and Gold appeared first on ActionForex.

India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.    The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising urbanisation, manufacturing expansion and increasing electrification across sectors,” according to the report cited by Indian news outlet ANI. Solar growth will vastly outpace overall...

•    The Bank of Japan is ready to raise the overnight rate. •    Speculators are closing out their long positions on the US dollar. The US dollar opened with a downside gap, which is unlikely to be closed any time soon. Donald Trump announced a deal with Iran and the reopening of the Strait of […] The post The Yen: Time for a Hike! appeared first on ActionForex.