Market News - Gold, Oil &amp; Forex

Russia, China, and Iran Are Joining Forces Against Western Pressure

Russia, China, and Iran are increasingly creating a strategic alliance of convenience that US policymakers must confront as it seeks to disrupt global order, according to a group of US experts and former officials. Speaking on June 10 at the "America's Adversaries: The Russia Reality" national security briefing organized by the Independent Women's Forum, many of the panelists noted that the transactional benefits are already yielding critical strategic dividends, particularly for an otherwise...

Rising Energy Bills Are Fueling a Global Home Battery Boom

Consumers are battling higher energy bills worldwide due to rising inflation and greater price volatility of oil and gas, driven by significant restrictions on energy trade through the Strait of Hormuz in recent months. This has prompted a surge in interest in household solar systems, as consumers look to produce their own clean, affordable power. Consumer interest in battery installations is also growing as battery prices decrease and people become increasingly aware of the potential for...

Peace Is Near, But Inflation Is Already Here: Markets Shift Focus From Iran to Fed Risks

For the first time since the US-Iran conflict erupted in late February, financial markets can plausibly see a genuine path toward peace. Reports throughout the week indicated that the United States and Iran are closer than at any point since hostilities began to signing the Islamabad Memorandum of Understanding, a framework that would pause fighting, […] The post Peace Is Near, But Inflation Is Already Here: Markets Shift Focus From Iran to Fed Risks appeared first on ActionForex.

The Weekly Bottom Line: Price Pressures Now on the Front Foot

Canada – Walking the Tightrope The Bank of Canada took center stage this week, holding its policy rate at 2.25%. It reinforced a message that has become increasingly clear: Canada’s economic growth is soft at the same time that risks to inflation remain elevated. The tone of the announcement struck a careful balance. Policymakers acknowledged […] The post The Weekly Bottom Line: Price Pressures Now on the Front Foot appeared first on ActionForex.

Economics Week Ahead

Next week’s calendar is dominated by central bank decisions, with policy paths still shaped by sticky inflation, softer growth and energy-driven uncertainty. We expect the FOMC to strike a neutral tone under Chair Warsh, with easing language likely removed but no clear tightening bias. U.S. retail sales should show consumer spending holding up, though higher […] The post Economics Week Ahead appeared first on ActionForex.

April’s Manufacturing, Wholesale and Retail Data to Point to Canada’s Growth Rebound

April’s manufacturing and wholesale reports on Monday and retail sales on Friday should support the Bank of Canada’s (and our) outlook of Canada’s growth resuming in Q2 after Q1’s contraction. Statistics Canada’s advanced estimate is a 4.6% rise in manufacturing sales, and a 0.6% increase in retail sales. Part of these reflect higher petroleum prices. […] The post April’s Manufacturing, Wholesale and Retail Data to Point to Canada’s Growth Rebound appeared first on ActionForex.

The Oil Market Could Be Weeks From a Breaking Point

Three and a half months after the blocked Strait of Hormuz created the worst oil supply disruption in history, oil prices remain below $100 per barrel amid hopes of an imminent U.S.-Iran deal. It’s not only hopes that have been keeping prices much lower than a sudden disappearance of 13 million barrels per day (bpd) of supply would warrant. The market has had major buffers to rely on. China, the world’s top crude importer, slashed imports to multi-year lows, while the U.S. boosted its crude...

Stocks

Canadian Stocks Advance After Trump Announces U.S.-Iran Deal Signing By This Weekend

(RTTNews) - Canadian stocks moved higher on Friday, extending the gains from the previous session amid increasing optimism following U.S. President Donald Trump's reassurance on signing of a U.S.-Iran peace agreement over this weekend and reopening of the Strait of Hormuz. A surg

The Hidden Supply Chain Behind Every SpaceX Launch

Ahead of the SpaceX IPO, Rothschild & Co Redburn analyst Tony Jones published a note on space propellant economics and identified an industrial-gases giant that is well positioned to dominate the market for rocket propellants and mission-critical launch gases as SpaceX's Starship launch cadence gains momentum and the broader space economy is set to double by 2035. Jones and his team reiterated their "Buy" rating on Linde and raised their 12-month price target to $560 from $550, telling clients...

Crude Oil Plunges Amid Prospects Of U.S.-Iran Deal, Reopening Of Hormuz Strait

(RTTNews) - Crude oil prices have plummeted on Friday, extending yesterday's sharp losses after U.S. President Donald Trump claimed that a U.S.-Iran interim peace agreement will be signed over this weekend and affirmed soon after that the Strait of Hormuz will reopen. The message

U.S. and Uzbekistan Deepen Economic Ties With New Investment Pact

The United States and Uzbekistan are working to expand business-to-business contacts with the aim of expanding US trade and investment in some key economic sectors, including mining, energy, IT, agriculture, and artificial intelligence. US Assistant Secretary of Commerce David Fogel signed a memorandum of understanding with Laziz Kudratov, the Uzbek minister of investment, on June 9 in Tashkent, outlining plans to facilitate business delegation visits and promote investment opportunities. “The...

U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

U.S. Energy Secretary Chris Wright just gave the market a number that helps explain why Brent crude isn't trading at $150 per barrel. Speaking at a Bloomberg Energy event in Houston on Friday, Wright said the U.S. military is now helping move roughly 7 million barrels per day (bpd) of oil out of the Persian Gulf. According to Wright, that's about half of the oil that remains stranded following the disruption of tanker traffic through the Strait of Hormuz during the ongoing U.S.-Israeli conflict...