Market News - Gold, Oil & Forex

Crude oil futures experienced a dramatic intraday reversal, soaring to $92.52 before pulling back significantly on Thursday. The volatile session was driven by shifting geopolitical narratives and U.S. inventory data.

In focus today In the euro area, we will receive May flash inflation data from Germany, France, Italy and Spain, covering 75% of the aggregate euro area print. The rise in inflation has so far been largely confined to a few energy components, like car fuel, and we expect energy to remain the primary driver […] The post With Hawkish ECB Minutes, Focus Turns to Euro Area Inflation Prints appeared first on ActionForex.

New Zealand business confidence has unexpectedly jumped into positive territory for May, reaching 10.0 and signaling a potential shift in economic sentiment. This rebound comes despite lingering global uncertainties, prompting a closer look at what it means for the Kiwi.

Key takeaways Global equities climbed to fresh record highs after the US and Iran agreed to extend their ceasefire, boosting risk appetite and driving strong gains in technology and AI-related stocks. Hotter-than-expected US core PCE inflation at 3.3% y/y reinforced the “higher for longer” interest rate narrative, further reducing expectations for Federal Reserve rate cuts […] The post S&P 500 Nabs Records on US-Iran Ceasefire Extension Amid Hot PCE Inflation Shock appeared first on ActionForex.

The New Zealand Dollar extended its powerful rally on Friday as investors interpreted the latest comments from Reserve Bank of New Zealand officials as a signal that the tightening cycle could restart sooner - and perhaps more aggressively - than previously expected. Markets had already viewed July as a live meeting after this week’s dramatic […] The post RBNZ Hints at Bigger Hikes as Kiwi Surge Accelerates: NZD/JPY and AUD/NZD Analysis appeared first on ActionForex.

Key Highlights USD/JPY seems to be struggling to clear the 159.65 resistance. It traded below a bullish trend line with support at 159.40 on the 4-hour chart. EUR/USD is still struggling to clear the 1.1675 resistance zone. Gold corrected some losses and tested the $4,525 resistance. USD/JPY Technical Analysis The US Dollar climbed above 158.50 […] The post USD/JPY Upside Exhaustion Signals Raise Pullback Concerns appeared first on ActionForex.

Fresh comments from senior Reserve Bank of New Zealand officials today reinforced the hawkish message delivered at this week’s policy meeting, strengthening the case that interest rate hikes are approaching and putting the July meeting firmly in play. While the RBNZ left the Official Cash Rate unchanged at 2.25%, the decision was split 3-3, with […] The post RBNZ Hawks Signal Rate Hikes Are Coming, July Meeting Now Live appeared first on ActionForex.

New Zealand business sentiment improved sharply in May, suggesting firms are gradually adapting to the economic shock created by the Middle East conflict. ANZ Business Confidence jumped from -10.6 to 10.0, returning to positive territory, while firms’ Own Activity Outlook rose from 19.6 to 25.6. The rebound indicates that some of the initial pessimism triggered […] The post New Zealand ANZ Business Confidence Turns Positive, Inflation Pressures Stay Contained appeared first on ActionForex.

Japan’s inflation picture softened further in May, but the broader economy continued showing surprising resilience. Tokyo CPI core (excluding fresh food), widely viewed as a leading indicator of nationwide inflation trends, slowed from 1.5% yoy to 1.3% yoy, below expectations and marking the sixth consecutive month of deceleration. Headline inflation eased from 1.5% yoy to […] The post Tokyo Inflation Cools Further, But Strong Growth Data Keeps BoJ Normalization on Track appeared first on...

Coeur Mining (CDE) shares surged past the critical 200-day moving average of $18.47, hitting $18.73 and marking a 4.5% daily gain. This technical breakout signals potential for further upward movement.