Market News - Gold, Oil & Forex

Markets are pricing in a potential de-escalation in the US-Iran conflict, leading to a significant drop in crude oil prices and a weakening US Dollar as diplomatic efforts appear to be gaining traction.

Canada's economy showed signs of a slowdown in early 2026, but upcoming May jobs data is expected to reveal a modest uplift. Analysts anticipate the unemployment rate to fall to 6.8%.

Upcoming U.S. employment data for May is expected to reveal a labor market that is no longer deteriorating but also failing to show significant improvement, with nonfarm payrolls projected to rise by 105,000 and the unemployment rate ticking up to 4.4%.

The dominant story across financial markets last week was not artificial intelligence, central banks, or economic data. It was a dramatic shift in expectations regarding the future of the US-Iran conflict. Investors increasingly embraced the view that the three-month war is moving toward a diplomatic resolution after reports emerged that negotiators had drafted a 60-day […] The post US-Iran Endgame in Sight? Markets Vote for Peace as Oil, Yields and Dollar Fall appeared first on ActionForex.

Crude oil prices experienced a significant drop, with WTI futures falling over 1.8% to $87.25, as optimism grew for a U.S.-Iran deal potentially reopening the Strait of Hormuz.

USD/CAD faces pressure as Canada's economy shows signs of stalling, with Q1 GDP contracting 0.1% and domestic demand weakening. This comes as trade negotiations and geopolitical shifts add layers of uncertainty.

Canada's economy showed signs of life in early 2026, with analysts expecting a moderate job growth of around 25,000 positions and a potential dip in the unemployment rate to 6.8% for May.

Upcoming U.S. employment data is poised to reveal a labor market showing signs of stabilization rather than robust growth, potentially influencing Federal Reserve policy. Traders are closely watching key inflation indicators within the ISM surveys.

AUD/USD’s late break of 0.7183 resistance suggests that pullback from 0.7277 has already completed at 0.7076, after defending 55 D EMA. Initial bias is back on the upside this week for retesting 0.7277 high first. Firm break there will resume larger up trend. For now, risk will stay on the upside as long as 0.7076 […] The post AUD/USD Weekly Report appeared first on ActionForex.

GBP/JPY edged higher to 214.66 last week but retreated since then. Initial bias remains neutral this week first. On the upside, above 214.66 will extend the rebound from 210.43 to retest 216.58 high. Strong resistance is expected there to bring reversal to extend the corrective pattern from 216.58 with another falling leg. On the downside, […] The post GBP/JPY Weekly Outlook appeared first on ActionForex.