Market News - Gold, Oil & Forex

The EUR/JPY currency pair is testing critical resistance levels near 185.000, following a significant intervention by Japanese authorities in late April 2026 that halted the yen's steep decline. Traders are closely watching to see if the Yen can maintain its recovery against the Euro.

The Euro faces a critical juncture as ECB's Schnabel indicates a June rate hike is likely, even with a potential Iran peace deal, due to spreading inflation. Meanwhile, the BoJ maintains a hawkish tone but acknowledges geopolitical risks.

GBP/USD faced a sharp rejection near the 200-day moving average at 1.3520, signaling waning bullish momentum. Domestic UK economic woes and a temporarily strengthened dollar are key factors to watch.

The powerful “peace dividend” trade that swept through global markets earlier this week is beginning to lose momentum, and USD/JPY is quickly emerging as one of the clearest expressions of that shift. As optimism over a rapid US-Iran agreement fades slightly and the pair resumes its climb toward the politically sensitive 160 zone, markets may […] The post USD/JPY Rising Again, Markets May Test Japan Before They Test Iran appeared first on ActionForex.

Market Overview The crypto market remains stagnant, stuck at $2.57T and hovering around the 50-day moving average, awaiting further signals. The crypto market’s overall sideways movement looks like a juggling act for mid-tier altcoins: one after another takes the lead. Among the most popular coins over the last 24 hours are NEAR Protocol (+14%), The […] The post The Crypto Market Juggling Altcoins appeared first on ActionForex.

GBP/USD retreated slightly on Tuesday after a positive Monday, moving down to 1.3486. The market continues to assess the economic data released late last week. The US dollar has so far drawn support from lingering uncertainty in the Middle East, which has encouraged investor caution and supported demand for safe-haven assets. April data showed UK […] The post GBP/USD Under Pressure Amid Growing Domestic Concerns appeared first on ActionForex.

Fundamental backdrop In late April 2026, Japan’s Ministry of Finance moved from verbal warnings to direct action, carrying out a currency intervention worth roughly ¥5.5 trillion ($35 billion) - the first since July 2024. The move was triggered by the yen weakening beyond the psychologically significant level of 160 against the dollar. Additional context comes […] The post EUR/JPY: Yen Recovers April Losses as the Market Searches for a New Equilibrium appeared first on ActionForex.

Despite a weaker US Dollar and a general risk-on sentiment, the Euro is facing significant pressure against both the British Pound and the Swiss Franc due to diverging economic outlooks and concerning Eurozone data.

Even a successful US-Iran peace agreement may no longer be enough to stop the European Central Bank from tightening policy next month. ECB Executive Board member Isabel Schnabel warned today that the energy shock unleashed by the conflict has already gone too far, arguing that inflation pressures are now spreading through the wider Eurozone economy. […] The post ECB’s Schnabel Says Iran Peace Deal May Already Be Too Late to Avoid June Hike appeared first on ActionForex.

The US dollar experienced a notable decline early this week, retreating from recent highs as optimism surrounding US-Iran diplomatic talks to reopen the Strait of Hormuz grew. This shift in sentiment diminished the dollar's safe-haven appeal, pushing it to a 10-day low.