Market News - Gold, Oil &amp; Forex

ECB’s Lagarde Signals Higher Inflation Forecasts, June Hike Bets Firm

ECB President Christine Lagarde opened the door wider to a June rate hike after signaling that the central bank’s inflation forecasts are likely to move higher again. Lagarde said the ECB’s March projection of 2.6% inflation for 2026 “will probably be revised,” noting that “the situation has evolved” since those estimates were published. Although Lagarde […] The post ECB’s Lagarde Signals Higher Inflation Forecasts, June Hike Bets Firm appeared first on ActionForex.

Iran Talks Drive Market Focus as USD/JPY Tests Higher

The week remained focused on the Iran situation, as negotiations reached an important stage. Some progress was reported, but major issues remained, especially around Iran’s uranium enrichment program and how quickly sanctions could be eased. USD/JPY pushed higher as the Bank of Japan stayed on the sidelines and markets continued to focus on the gap […] The post Iran Talks Drive Market Focus as USD/JPY Tests Higher appeared first on ActionForex.

GBPJPY Wave Analysis

GBPJPY: ⬆️ Buy GBPJPY reversed from support zone Likely to rise to resistance level 214.40 GBPJPY currency pair recently reversed up from the support zone between the support level 211.00 (which has been reversing the price from the start of May), lower daily Bollinger Band and the support trendline of the daily up channel from […] The post GBPJPY Wave Analysis appeared first on ActionForex.

Will the Latest Iran Deal Actually Ease Oil Prices and Boost the Dollar?

Markets are closely watching oil prices and Treasury yields for signs of genuine de-escalation following an announcement of a 'largely negotiated' agreement with Iran. However, initial details suggest a temporary ceasefire extension rather than a lasting peace, leaving traders skeptical.

Will the Dollar Rally or Retreat as US-Iran Talks Extend Ceasefire?

Global markets are closely watching currency and commodity reactions to a reported US-Iran agreement, which may serve as a ceasefire extension rather than a lasting peace deal. The Dollar's next move hinges on whether traders price in renewed stability or lingering geopolitical risks.

24 May 2026 36 days ago

Will the Dollar Rise as Iran Ceasefire Talks Stall Over Key Disputes?

Global markets are weighing the impact of a potential breakthrough in Iran negotiations, with oil prices and Treasury yields acting as key indicators. While a ceasefire extension offers a temporary reprieve, unresolved core issues suggest caution may prevail.

24 May 2026 36 days ago

Trump Announces Iran Breakthrough - But Will Oil and Yields Believe It?

Global markets are entering the new week facing an important question: did US President Donald Trump just announce the beginning of real peace in the Middle East, or merely a ceasefire extension in a still-dangerous conflict? Trump said on Saturday that a major agreement with Iran had been “largely negotiated” and that a formal Memorandum […] The post Trump Announces Iran Breakthrough - But Will Oil and Yields Believe It? appeared first on ActionForex.

24 May 2026 36 days ago

Economy

Is Canada's Inflation Cooling Enough for the Bank of Canada to Stay Patient?

Canada's headline inflation rose to 2.8% driven by gasoline prices, yet core measures and inflation breadth remain subdued, suggesting the Bank of Canada may maintain a patient stance. Traders are watching upcoming GDP data for early Q2 momentum.

Will CAD Strengthen as Canada's Economy Recovers from Q4 Contraction?

Canada's economy is projected to have rebounded by 1.7% in Q1 2026, reversing the 0.6% contraction seen in the previous quarter. This potential strengthening of the Loonie hinges on sustained domestic demand and a less concerning underlying economic picture than the headline GDP figures initially suggested.

Did Geopolitical Shifts and Fed Speculation Send EUR/USD Reeling?

The Euro US Dollar pair experienced significant volatility as geopolitical tensions flared and speculation intensified around the Federal Reserve's monetary policy direction. Market sentiment swung wildly from fear to optimism.

Is USD/JPY Poised for a Breakout Above 160 or a Pullback to 157?

The USD/JPY has stalled its advance near 159.33 after recovering from 155.01, leaving its near-term direction uncertain. Traders are watching key levels that could dictate a move towards 160.71 or a retreat to 157.30.

Economy

Is Canada's Inflation Cooling Enough for the BoC to Stay Patient?

Canadian headline inflation reached 2.8% driven by gasoline prices, but core measures remain subdued, suggesting the Bank of Canada may hold steady on interest rates. Traders are watching upcoming GDP and labor market data for clues on early Q2 momentum.