Market News - Gold, Oil & Forex

In focus today Today in Sweden, April PPI figures are released. Together with the NIER survey on Thursday, the print will be a key input in the Riksbank’s assessment of whether firms have started to feel the impact of rising global price pressures. Recent months’ have seen an uptick in the PPIs globally, as well […] The post US Strikes Iran amid Potential Deal appeared first on ActionForex.

Key Takeaways Global equity markets rallied as optimism over a potential U.S.-Iran peace agreement boosted risk appetite, driving a sharp pullback in oil prices and renewed buying in Asian and U.S. equities. Despite improving geopolitical sentiment, financial markets continue to price in a “higher for longer” interest-rate environment as sticky U.S. inflation and elevated bond […] The post Trump-Iran Peace Optimism Sparks Equity Rally as Sticky U.S. Inflation Risks Loom Large appeared first on...

Key Highlights GBP/USD started a recovery wave above the 1.3400 resistance. A rising channel is forming with support at 1.3440 on the 4-hour chart. EUR/USD is struggling to clear the 1.1675 resistance zone. WTI crude oil prices dipped below the $96.50 support. GBP/USD Technical Analysis The British Pound found support near 1.3300 against the US […] The post GBP/USD Recovery Trend Strengthens, Traders Eye More Upside appeared first on ActionForex.

At first glance, Euro looks healthy this week. Dollar is falling, oil prices are collapsing, and risk appetite is roaring back as markets price the possibility of a US-Iran breakthrough and reopening of the Strait of Hormuz. But underneath the broad Dollar selloff, Euro is quietly losing two very important battles - one against Sterling, […] The post Euro Fights “Two-Front War” Against Sterling and Swiss Franc appeared first on ActionForex.

Gold prices are facing intense scrutiny at the critical $4500 per ounce support level, even as industrial metals like copper surge and the US dollar softens amid renewed geopolitical optimism.

Precious metals saw a notable rebound as oil prices fell sharply, fueled by cautious optimism around a potential US-Iran ceasefire expansion and the reopening of the Strait of Hormuz. However, lingering skepticism over concrete details is tempering a full market rally.

Gold prices surged by 1% to approximately $4,556 on Monday as market participants reacted to developing news of a potential US-Iran peace deal. The speculation weakened the US Dollar and sent oil prices tumbling.

EUR/USD has reclaimed the 1.1600 level, but faces significant technical resistance. A decisive break above 1.1660 is needed to signal a potential upside continuation, while a fall below 1.1575 could reignite selling pressure.

Bank of Japan Deputy Governor Shinichi Himino delivered another reminder today that the central bank is still moving toward tighter policy, even as the Middle East crisis complicates the outlook for inflation, bond markets, and Japan’s economy. Himino acknowledged that global bond yields are rising because of “global concerns about inflation,” but stressed the BoJ […] The post BoJ’s Himino Keeps Hawkish Tone but Signals Caution on Middle East Shock appeared first on ActionForex.

The dollar fell across the board at the start of the week, pressured by renewed risk sentiment on growing hopes of a deal between the US and Iran to reopen Hormuz strait and prevent deeper crisis on prolonged supply shortage. Although the dollar opened with gap lower and dipped to 10-day low, the price remains […] The post USD Index: Fresh Risk Appetite on US-Iran Talks Optimism Deflates Dollar appeared first on ActionForex.