Market News - Gold, Oil & Forex

Key Highlights Gold started a fresh decline below the $4,550 support. A major bearish trend line is forming with resistance at $4,525 on the 4-hour chart. WTI Crude Oil extended losses and traded below $95. EUR/USD started a minor recovery wave above 1.1620. Gold Price Technical Analysis Gold failed to surpass $4,650 and trimmed gains […] The post Gold Weakens Further, Downside Momentum Starts Accelerating appeared first on ActionForex.

Federal Reserve Vice Chair Philip Jefferson said the current stance of US monetary policy remains appropriate despite ongoing upside risks to inflation tied to the Middle East conflict and energy disruptions. Speaking at the Bank of Japan-IMES Conference in Tokyo, Jefferson said the current federal funds rate range leaves the Fed “well positioned to respond […] The post Fed’s Jefferson Says Policy Well Positioned Despite Rising Inflation Risks appeared first on ActionForex.

Federal Reserve Governor Lisa Cook warned that inflation risks are increasingly tilted to the upside, even though she currently favors keeping interest rates unchanged. Speaking at a policy forum at Stanford University, Cook said the Fed should continue holding rates steady “from a risk-management perspective,” but stressed that policymakers must remain prepared to tighten further […] The post Fed’s Cook Says Inflation Risks Rising, Prepared to Hike if Needed appeared first on ActionForex.

Federal Reserve Bank of Minneapolis President Neel Kashkari warned that inflation remains the Fed’s primary concern despite growing uncertainty surrounding the global economy and Middle East conflict. Speaking at the Bank of Japan-IMES Conference in Tokyo, Kashkari said inflation in the United States is still “much too high,” while the labor market remains in “decent […] The post Fed’s Kashkari Says Inflation Still “Much Too High” as Energy Shock Spreads appeared first on ActionForex.

European Central Bank Chief Economist Philip Lane warned that the inflation impact from the Middle East conflict is likely to persist even if a quick diplomatic resolution is reached. Speaking at a conference hosted by the Bank of Japan and its think tank in Tokyo, Lane said policymakers are concerned that energy-driven price pressures may […] The post ECB’s Lane Warns Iran Energy Shock Could Keep Inflation Elevated Even After Peace Deal appeared first on ActionForex.

The total cryptocurrency market capitalization has dipped to $2.54 trillion, showing nervousness despite record highs in US equities. This divergence suggests a potential shift in investor sentiment and a move towards de-risking.

EUR/CAD is extending its rally, approaching the 1.6148 resistance level, as hawkish signals from the European Central Bank clash with falling oil prices pressuring the Canadian Dollar.

EUR/USD experienced a brief pullback from 1.1650, finding support around 1.1630, while USD/CHF reversed earlier losses and showed signs of upward momentum. Traders are watching key resistance levels for both pairs.

Gold prices experienced a significant decline on Wednesday, falling over 1% as diplomatic optimism surrounding U.S.-Iran talks grew, despite ongoing military actions. The June gold contract settled at $4,444.50.

Global financial markets are on edge as traders wait for clear details about the new US-Iran peace plan. After two months of intense tension and repeated ceasefire extensions, a concrete framework is finally being discussed. Both sides know what is at stake: the US wants the Strait of Hormuz reopened without conditions and Iran’s nuclear […] The post Traders Are Desperate for More News, but the Status Quo Is Positive appeared first on ActionForex.