Market News - Gold, Oil & Forex

The impact of the previous week’s strong U.S. employment data did not continue for long. Markets started to focus on new events and the outlook ahead. The SpaceX IPO was the biggest IPO ever and became a major focus. Trading started on Friday, and the stock closed 19% higher. This helped reduce fears that such […] The post Spacex Ipo Lifts Sentiment Ahead of Central Bank Meetings appeared first on ActionForex.

Hello traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dow Jones Futures published in members area of the website. As our members know, we have had many high-probability trading setups recently. YM_F is one of them.Dow Jones futures made a pullback that unfolded as an […] The post Dow Jones Futures ($Ym_F) Elliott Wave: Trading Setup Explained appeared first on ActionForex.

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of OIL Futures CL_F published in members area of the website. As our members know, understanding how to identify incomplete sequences in Elliott Wave analysis is crucial as they are a key driver of market direction.  […] The post Crude Oil (Cl_F): High-Probability Sell Setup at the Blue Box Area appeared first on ActionForex.

Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had dropped 3.95% to trade at $83.88 per barrel, while WTI had fallen 4.62% to $80.96 per barrel. Oil prices, which peaked in mid-May, have been slowly but surely trending downward in recent weeks on rumors of a deal, even after multiple escalatory strikes. On Sunday night, President Trump declared...

Japan plans to rebuild over a dozen nuclear reactors by 2050; China is building seven new ones this year alone; in the U.S., two companies are building a hybrid nuclear-and-gas power plant; Germany admitted killing nuclear was a big mistake. Nuclear is back-and it makes the backbone of a new approach to energy security. “We clearly need more nuclear power and we’re bullish on it,” the president of Microsoft, Brad Smith said recently, as quoted by the Wall Street Journal, which reported that...

Alaskan oil and gas production has always been a complicated issue, as energy companies want to tap the region’s vast reserves and environmentalists fear irreparable damage to the vulnerable ecosystem. The Biden administration introduced far-reaching protections in Alaska, aimed at preventing new oil and gas exploration and protecting the environment and wildlife. However, since President Trump came into office last year, he has encouraged new fossil fuel development in the region. Yet the...

Fiji has rejected Australia’s proposal to ship waste to the South Pacific country to burn and produce energy, with Fiji’s ambassador to the UN, Filipo Tarakinikini, saying, “[We] must not become the Pacific’s ashtray.” The idea of exporting rubbish to Fiji to be burned for energy has quickly become known as “waste imperialism”, a concept that Fijians staunchly oppose due to health and environmental concerns. In June, the Fijian government rejected a plan proposed by Australian billionaire Ian...

Oil markets extended their decline on Friday, with crude prices falling sharply after U.S. President Donald Trump said a peace agreement with Iran was close and canceled previously threatened military strikes. Brent crude slipped below $90 per barrel, trading around $88–$89, while WTI fell to roughly $85–$87, as traders priced in the possibility of de-escalation in the Middle East and a potential reopening of the Strait of Hormuz. The decline allowed motorists to enjoy some reprieve at the...

Jamaica may be following in the footsteps of its Caribbean neighbours, such as Guyana, as it plans to drill for oil, despite being highly vulnerable to climate change. In recent years, Caribbean oil exploration has boomed, following successful drilling in Guyana and Suriname. But, at a time when the International Energy Agency (IEA) is calling for an end to exploration, will Jamaica pursue a future in fossil fuels? At present, Jamaica imports all its fuel, spending between $1.5 and $2 billion a...

The UK has finally put a date on the sanctions loophole it said it would close a while ago. The British government said Friday that imports of diesel and jet fuel refined from Russian crude in third countries will be banned no later than January 1, 2027, closing one of the remaining routes by which Russian oil products can still find their way into the UK market. The move builds on sanctions announced in May that prohibit the import of refined oil made from Russian crude, even if that refining...