Market News - Gold, Oil & Forex

The market’s faith in an imminent US-Iran peace breakthrough has clearly weakened today - but it has not disappeared yet. Oil prices jumped again in after fresh military escalation around the Strait of Hormuz reignited fears of prolonged supply disruptions across the Gulf. Brent crude pushed back toward the mid-$90s after new U.S. strikes inside […] The post Brent Oil Holding Below $100 Suggests Markets Still See Room for a US-Iran Deal appeared first on ActionForex.

Overview: Gold is testing its 200-day SMA after two months of consolidation, having failed to revive bullish momentum above 5,000. As the precious metal completes its third negative month, down almost 20% from all-time highs, more losses could emerge in the short term. Momentum: The RSI is below 50, the stochastic is pivoting south, and […] The post Gold Tumbles as Bearish Pressure Mounts appeared first on ActionForex.

European currencies continue to trade within established ranges following the heightened volatility of recent weeks. Last week, both EUR/USD and GBP/USD declined before staging a recovery; however, the pairs are once again testing important support levels without developing a sustained directional impulse. Market participants remain cautious amid the absence of fresh geopolitical catalysts and ahead […] The post EUR/USD and GBP/USD Range-Bound Ahead of Key US Data appeared first on ActionForex.

Fundamental backdrop On 27 May, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) unchanged at 2.25%, in line with market expectations. However, the decision proved finely balanced: the Monetary Policy Committee voted 3–3, with the final decision resting with Governor Anna Brehman. In its updated rate projection path, the regulator signalled […] The post NZD/USD: RBNZ Decision Strengthens Expectations of Further Rate Hikes appeared first on ActionForex.

Gold fell to 4,387 USD per troy ounce on Thursday, marking its third consecutive session of losses. The market remains cautious amid persistent uncertainty surrounding negotiations between the US and Iran, which continue to fuel concerns over inflation and the prospect of prolonged high interest rates. Key disagreements between the two sides remain unresolved. Tehran […] The post Gold Under Pressure: Third Consecutive Session of Declines appeared first on ActionForex.

In focus today In the euro area, the ECB publishes the minutes from its March meeting today. Given recent comments from Governing Council members, the minutes are likely to reflect increasingly hawkish discussions around further policy hikes. Also in the euro area, May business sentiment indicators are released, with particular attention on firms’ selling price […] The post ECB Minutes in Focus as Tension in the Middle East Continues appeared first on ActionForex.

European Central Bank officials are signaling that energy-driven inflation may persist, even if geopolitical tensions in the Middle East de-escalate. This suggests a prolonged inflationary environment that could influence future monetary policy decisions.

Gold prices have sharply retreated below the critical $4,550 support level, signaling an acceleration of bearish sentiment and forming a pronounced downtrend line. Traders are now closely watching the $4,400 psychological mark as a key battleground.

Global equities have reached fresh all-time highs, propelled by a massive surge in Artificial Intelligence capital expenditures. However, lingering skepticism surrounding a potential U.S.-Iran peace deal is injecting volatility into oil prices and bond yields, creating a complex market landscape.

Federal Reserve officials are signaling a growing concern over rising inflation risks, driven by geopolitical tensions and energy price shocks. Despite current policy stances, policymakers acknowledge the need to remain vigilant and potentially tighten further if inflation fails to recede.