Market News - Gold, Oil &amp; Forex

A War of Words Sends Brent Crude to a Two-Month Low

Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week. Friday, June 12, 2026 In a particularly volatile trading week, the allocation of roles between Iran and the United States seemed to have switched constantly. If an impending deal was announced by US President Trump, Tehran would deny it, and reversely if the Iranian leadership broke the media silence with...

Europe Wary Of Too Much Dependence on U.S. LNG

European buyers aren’t committing to long-term LNG supply agreements with U.S. exporters despite the ongoing EU phase-out of Russian gas imports and the supply crisis in the Middle East. U.S. developers and proponents of new LNG export facilities in America have been trying to lock in long-term supply deals with European importers, with little success so far this year, U.S. executives have told Bloomberg. The Europeans are interested in discussions, but not really committing to long-term supply...

Nigeria's Crude Oil Production Hits 15-Month High

Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. Nigeria pumped 1.53 million barrels per day (bpd) of crude last month, the highest level since January 2025, as the African country now produces at its ceiling per the OPEC+ group’s agreements, after years of failing to do so due to sabotage, oil theft, and oil spills. Nigeria actually produced...

BoJ Set to Hike, but Will It Save the Yen?

BoJ expected to lift rates to 1.0% amid energy crisis. But will it be a hawkish enough hike to offer the yen a lifeline? Government subsidies skew inflation data but wage growth accelerates. Intervention risks remain high ahead of Tuesday’s decision. Policy Rate to Rise to 31-Year High The Bank of Japan is poised to […] The post BoJ Set to Hike, but Will It Save the Yen? appeared first on ActionForex.

Sunset Market Commentary

Markets Who else than Donald J. Trump to give stock markets a boost going into the weekend and ahead of the SpaceX IPO, the world’s largest ever. Sentiment improved rapidly and dramatically after the US president yesterday backtracked on his threat to hit Iran heavily and take its Kharg energy island and instead announced the […] The post Sunset Market Commentary appeared first on ActionForex.

Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads

Russia's authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped up attacks this month on key fuel supply routes in its territories occupied by Russia, including Crimea and Mariupol. Several Russian regions have been experiencing fuel shortages as Ukraine hits Russian oil refineries. Last week, the Moscow Times reported that some gasoline stations...

Week Ahead – Central Bank Barrage Ahead: Fed, BoJ, RBA, SNB and BoE in Focus

Fed meets as strong US data bolster rate hike bets. BoJ expected to hike, intervention risk also in focus. RBA to remain on hold, hawkish message could boost Aussie. BoE to also stand pat, inflation outlook to shape rate path speculation. Fed Rate Hike Expected by the End of the Year The US dollar outperformed […] The post Week Ahead – Central Bank Barrage Ahead: Fed, BoJ, RBA, SNB and BoE in Focus appeared first on ActionForex.

The ECB’s Interest Rate Hike Is More Than an Insurance Hike, but No Signal for a Start of a Tightening Cycle

At its policy meeting on 11 June, the ECB raised its deposit rate by 25 basis points to 2.25%. This automatically raises the refinancing rate to 2.40% and the marginal lending rate to 2.65%. This decision was unanimous, based entirely on the forecasts of the Eurosystem’s economists and advocated by ECB Chief Economist Lane. The […] The post The ECB’s Interest Rate Hike Is More Than an Insurance Hike, but No Signal for a Start of a Tightening Cycle appeared first on ActionForex.

Dollar Down But Not Out While Oil’s $10 Collapse Signals Iran Deal Optimism

Dollar is under broad-based pressure today as safe-haven demand unwinds, but the scale of the selloff remains surprisingly modest considering the dramatic move in oil markets. Brent crude has plunged from above $95 just a day ago to below $86, one of the sharpest declines since the Iran conflict began, as investors increasingly price the […] The post Dollar Down But Not Out While Oil’s $10 Collapse Signals Iran Deal Optimism appeared first on ActionForex.

Norway Pitches Arctic Resources as Key to EU Energy Security

Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would be better for the energy security of its closest ally than LNG supplies from the Middle East or the United States. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has been lobbying the bloc this year to drop its opposition to drilling in the Arctic. The Iran war and the biggest...

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022, when the U.S. and the EU imposed sanctions on Moscow due to the invasion of Ukraine. Four years later, India is a major buyer of Russia’s crude and Russia is India’s single-largest oil supplier. “At that time, the US...

US Dollar Index Analysis: Dollar at a Crucial Point, What’s Next?

As the chart shows, the US Dollar Index (DXY) has gained more than 4% from its January lows, with the move accelerating from February 2026 onwards. Today, the dollar finds itself at a technically and fundamentally critical point, one that could define the near-term direction not only of the greenback itself, but of equity indices, […] The post US Dollar Index Analysis: Dollar at a Crucial Point, What’s Next? appeared first on ActionForex.