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Commodities

Gold Prices Surge As Oil Slumps On US-Iran Peace Deal Hopes

(RTTNews) - Gold prices traded higher on Monday, oil prices tumbled nearly 5 percent and the dollar hovered near a one-week low after U.S. President Donald Trump said on Saturday a peace deal with Iran had been "largely negotiated."

Gold and Silver Bounce, but Traders Still Need Proof on Hormuz Normalization

Gold and Silver rebounded notably today as oil prices extended their sharp decline and markets cautiously increased bets that at least a US-Iran ceasefire expansion/extension may be approaching. US Secretary of State Marco Rubio acknowledged as much in New Delhi, saying there was a “pretty solid thing on the table” involving reopening the strait and […] The post Gold and Silver Bounce, but Traders Still Need Proof on Hormuz Normalization appeared first on ActionForex.

EUR/USD Reclaims 1.1600, But Can Bulls Extend Gains?

Overview: EURUSD opened with a bullish gap, reclaiming 1.1600, yet caution remains warranted as the pair trades below a dense SMA cluster and the uptrend line, keeping the near-term bias neutral despite the rebound from last week’s 1.1575 low. Momentum: Momentum is still subdued, with the RSI and MACD in negative territory, though the RSI […] The post EUR/USD Reclaims 1.1600, But Can Bulls Extend Gains? appeared first on ActionForex.

GBP/USD Turns Bullish Again While EUR/GBP Drops More

GBP/USD is showing positive signs above 1.3440 and 1.3460. EUR/GBP declined and is now consolidating losses below 0.8680. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound started a fresh increase above 1.3420 to enter a positive zone. There is a bullish trend line forming with support at 1.3450 on the hourly chart […] The post GBP/USD Turns Bullish Again While EUR/GBP Drops More appeared first on ActionForex.

Is GBPJPY Poised for a Rally Past 214.40 on Yen Weakness?

GBPJPY has staged a significant recovery, reversing from a critical support zone around 211.00. With the Japanese Yen showing persistent weakness, the pair is now targeting the 214.40 resistance level, potentially signaling a broader uptrend continuation.

US Futures Gap Up on US-Iran Peace Deal Hopes With US Dollar in Retreat

Key takeaways Global risk sentiment improved sharply after senior US officials signalled that a US-Iran peace agreement may be nearing completion, triggering strong gains in US equity futures and sending the US dollar lower. The US economy is showing increasing stagflationary pressures as consumer sentiment collapsed to a record low while inflation expectations continued to […] The post US Futures Gap Up on US-Iran Peace Deal Hopes With US Dollar in Retreat appeared first on ActionForex.

Will AUD/NZD Plunge as RBNZ Hints at Hawkishness and Aussie Struggles?

The AUD/NZD currency pair faces potential volatility this week as traders anticipate a policy divergence between the Reserve Bank of New Zealand and the Reserve Bank of Australia. The RBNZ may signal a more aggressive stance on inflation, while the Australian dollar grapples with its own economic challenges.

Is EUR/USD Poised for a Rebound Above 1.1610 Amid Shifting Technicals?

The EUR/USD pair found support near 1.1575 and has broken above a bearish trend line, signaling potential for a recovery. Traders are watching the 1.1610 level for signs of further upside.

Will the Euro Rally as the ECB Signals a June Rate Hike Amidst Rising Inflation?

The Euro faces potential upside as ECB President Lagarde hints at upward revisions to inflation forecasts, increasing the likelihood of a June rate hike. Meanwhile, the RBNZ faces a divided outlook on monetary policy.

EUR/USD Recovery Builds Slowly As Traders Eye Breakout Potential

Key Highlights EUR/USD dipped further before the bulls appeared near 1.1575. It traded above a bearish trend line with resistance at 1.1610 on the 4-hour chart. GBP/USD climbed higher above the 1.3450 resistance zone. Gold started a consolidation phase above the $4,450 support. EUR/USD Technical Analysis The Euro remained in a bearish zone below 1.1720 […] The post EUR/USD Recovery Builds Slowly As Traders Eye Breakout Potential appeared first on ActionForex.

Hawkish RBNZ, Fragile Aussie: Why AUD/NZD Could Break Hard This Week

Outside developments surrounding the US-Iran negotiations, this week’s largest FX event risks may come from Oceania, where traders face a potentially divergence between the policy outlooks of the Reserve Bank of New Zealand and Reserve Bank of Australia. While the RBNZ is widely expected to leave the Official Cash Rate unchanged at 2.25% on Tuesday, […] The post Hawkish RBNZ, Fragile Aussie: Why AUD/NZD Could Break Hard This Week appeared first on ActionForex.

RBNZ Shadow Board Backs Hold at 2.25%, Three Call for Immediate Hike

A split emerged within the NZIER Monetary Shadow Board ahead of this week’s Reserve Bank of New Zealand policy decision. While the majority recommended keeping the Official Cash Rate unchanged at 2.25%, several members argued that tightening should begin immediately as inflation pressures build. The majority view centered on weak domestic conditions and geopolitical uncertainty. […] The post RBNZ Shadow Board Backs Hold at 2.25%, Three Call for Immediate Hike appeared first on ActionForex.