Market News - Gold, Oil &amp; Forex

The U.S. States Leading the Backlash Against Data Centers

Several U.S. states are concerned about the rapid expansion of data centres, as consumers pressure legislators to address rising utility bills and other energy concerns. Data centres are expected to be a major consumer of U.S. power by 2030 and beyond, as several tech companies expand their network, which is growing consumer concerns around the country’s power supply and demand. This has led several states to halt or even ban data centre development. Globally, data centres are expected to...

Dollar Rally Faces Defining Technical Test as Fed Repricing Reshapes Markets

A week that began with optimism over falling oil prices ended with markets fixated on the prospect of renewed Federal Reserve tightening. The peace dividend from the US-Iran agreement continued to push energy prices lower and helped support risk sentiment. But the bigger story was the Fed’s abrupt shift toward a more hawkish outlook, which […] The post Dollar Rally Faces Defining Technical Test as Fed Repricing Reshapes Markets appeared first on ActionForex.

The Weekly Bottom Line: Price Pressures Now on the Front Foot

Canadian Highlights The Bank of Canada held the policy rate at 2.25%. Soft growth argues against further tightening, but the risk inflation pressures become more generalized keep cuts off the table, reinforcing a prolonged hold. Canada’s international trade books moved further into surplus territory. Broad export gains and firmer volumes point to net trade supporting […] The post The Weekly Bottom Line: Price Pressures Now on the Front Foot appeared first on ActionForex.

A Hawkish Fed and a Dovish SNB Are Driving Gains in USDCHF

USDCHF has strengthened sharply, rising 1.3% this week and more than 3.3% since the start of the month, supported by a stronger US dollar and weaker Swiss franc The Fed’s hawkish tone boosted the dollar, as markets increased expectations for a possible US rate hike after Kevin Warsh emphasized price stability and the fight against […] The post A Hawkish Fed and a Dovish SNB Are Driving Gains in USDCHF appeared first on ActionForex.

Solar Is the Cheapest Power in History, But States Are Retreating From It

A high-stakes push-and-pull is taking place in the United States clean energy sector as state-level laws, federal-level policy, and that infamous invisible hand all tug in different directions. A staggering amount of different legal actions on the part of the Trump administration, the judicial system, and state politicians have created an incredibly complex landscape for clean energy adoption across the country. And while the economics of renewables are looking better than ever, the political...

The Real Reason BP Is Retreating From the North Sea

BP is still considering a sale of all or part of its UK upstream portfolio, which could fetch around £2 billion ($2.7 billion), though talks of a sale to Ithaca Energy fell through earlier this month, according to reports by Bloomberg and the Financial Times. We think the information is credible. A sale would fit the group’s strategic direction, and the company is an outlier in the UK, where other majors have either sold down or formed joint ventures. At the same time, BP has been pushing...

Russia Is Rationing Fuel in Moscow After Drone Strikes

Russia, one of the world's largest oil producers and exporters, is now rationing gasoline in its own capital. After months of increasingly successful Ukrainian drone strikes on Russian oil infrastructure, gasoline shortages have emerged in Moscow, forcing major fuel retailers to limit sales while authorities scramble to keep supplies flowing. The shortages follow repeated attacks on refineries and fuel infrastructure that have steadily chipped away at Russia's refining system. The latest blow...

Kuwait Says Oil Output Could Hit 2 Million Bpd Within a Week

Kuwait expects to raise its oil production to 2 million barrels per day (bpd) within a week, up from an average of 573,000 bpd in May, amid the reopening of the Strait of Hormuz. This estimate was given by Sheikh Nawaf Saud Al-Sabah, deputy chairman and CEO of Kuwait Petroleum Corporation (KPC), to Kuwait News Agency, before the collapse of the talks between the U.S. and Iran on Friday. “Prewar production levels could be restored within weeks once regular international commercial shipping to...

Why Oil Prices Are Falling Even as Tankers Remain Trapped

Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. Friday, June 19, 2026 The signing of the US-Iran ceasefire agreement might provide a 60-day evacuation window for all crude tankers stuck since March in the Gulf; however, up until now, the pace of outflows has been surprisingly low. With the Israel-Lebanon issue hanging by a thread, Iran has tried to reassert its authority over Hormuz in the first days since Trump’s signing...

Equinor to Boost Troll Gas Output with $412 Million Subsea Development

Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development to boost gas production from the huge Norwegian gas field in the North Sea. Equinor and its partners Petoro, Shell, TotalEnergies, and ConocoPhillips have decided to invest just over 4 billion Norwegian crowns, or $412 million, in a new subsea development that will increase gas production from the Troll field, the Norwegian energy major said on Friday. Equinor is betting on...

Canada’s Headline Inflation to Edge Higher as Core Remains Near Target

Canada’s Consumer Price Index report for May on Monday will provide an updated reading on inflation trends following the Bank of Canada’s decision to leave interest rates unchanged earlier this month. We expect headline inflation to rise to 3% year-over-year in May, up from 2.8% in April. Energy prices are expected to remain the largest […] The post Canada’s Headline Inflation to Edge Higher as Core Remains Near Target appeared first on ActionForex.

19 Jun 2026 5 days ago