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Australia: First Impressions – May CPI PriceONN News
Forex

Australia: First Impressions – May CPI

The May CPI fell –0.7%mth to be up 4.0%yr. Trimmed mean rose 0.4%mth/3.6%yr. The May CPI fell –0.7%mth to be up 4.0%yr. This was below our estimate of 4.4%yr and market expectations of 4.3%yr. May is typically a seasonally softer month for the CPI. In seasonally adjusted terms, the CPI dipped –0.1%mth, compared with our […] The post Australia: First Impressions – May CPI appeared first on ActionForex.

USD/CAD Continues to Climb as Bulls Eye More Gains PriceONN News
Forex

USD/CAD Continues to Climb as Bulls Eye More Gains

Key Highlights USD/CAD extended its rally and climbed above 1.4120. A major bullish trend line is forming with support at 1.4080 on the 4-hour chart. Gold prices could continue to move down if there is a close below $4,050. Bitcoin started a fresh decline after it failed to recover above $65,500. USD/CAD Technical Analysis The […] The post USD/CAD Continues to Climb as Bulls Eye More Gains appeared first on ActionForex.

BoJ Hawks Eye Path Toward 2% Neutral Rate, Summary Shows PriceONN News
Forex

BoJ Hawks Eye Path Toward 2% Neutral Rate, Summary Shows

The Bank of Japan’s Summary of Opinions from its June meeting revealed a notably hawkish tone beneath last week’s widely expected rate hike to 1.00%. Several members argued that inflation risks remain skewed to the upside, with one warning that “underlying CPI inflation will deviate upward to a level above the price stability target of […] The post BoJ Hawks Eye Path Toward 2% Neutral Rate, Summary Shows appeared first on ActionForex.

Australia CPI Misses Expectations at 4%, Yet Core Inflation Sends Hawkish Signal PriceONN News
Forex

Australia CPI Misses Expectations at 4%, Yet Core Inflation Sends Hawkish Signal

Australia’s May inflation report delivered something for both doves and hawks. On the surface, the numbers looked encouraging. Headline CPI fell -0.7% mom and annual inflation slowed from 4.2% yoy to 4.0% yoy, both coming in below market expectations. Much of that improvement came from the collapse in fuel prices, with automotive fuel costs plunging […] The post Australia CPI Misses Expectations at 4%, Yet Core Inflation Sends Hawkish Signal appeared first on ActionForex.

The Trillion-Dollar AI Shockwave Nobody Is Ready For PriceONN News
Stocks

The Trillion-Dollar AI Shockwave Nobody Is Ready For

The biggest investment opportunity of the AI era has very little to do with software or chips. The market has already priced both. The real story is power: who owns it, where it sits and how cheaply it can be delivered to AI workloads at scale. A small data center company that almost no one on Wall Street has heard of just answered all three of those questions in front of the entire industry. In May 2026, Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a binding letter for a 15-year lease with...

Why the Next Billion Barrels of Oil Demand Could Come From Storage PriceONN News
Energy

Why the Next Billion Barrels of Oil Demand Could Come From Storage

The closure of the Strait of Hormuz and the stranding of more than 10 million barrels per day (bpd) of crude oil in the Persian Gulf was a wake-up call for import-dependent countries to expand their capacity to hold strategic and commercial reserves. Many countries, especially in the Asia Pacific, are looking to build new reserve capacity to boost their energy security and never again be caught off-guard by a massive supply disruption like the one triggered by the closure of the most important...

Trump Admin Takes Aim at Oil, Gas Drilling Costs PriceONN News
Energy

Trump Admin Takes Aim at Oil, Gas Drilling Costs

The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands. In a news release this week, the Interior Department said it would revise the Bureau of Land Management’s rule for federal land leasing for oil and gas drilling as well as the BLM’s waste prevention rule, by essentially loosening both to reduce the cost burden on energy companies. Under the revised rules, the cleanup cost of an...

El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail PriceONN News
Energy

El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail

Rory Green, TS Lombard's chief China economist, is the latest Wall Street strategist to warn of the mounting macro and food inflation risks that a super El Niño could release on certain regions of the world. In a note titled "Super El Niño: Famine Follows War?" Green warns that war-related disruptions to energy and fertilizer markets, compounded by adverse weather conditions, could create a perfect storm for global food prices. Green said, "In general, El Niño raises temperatures and...

Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US PriceONN News
Energy

Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US

Since the replacement of Russia by China as the primary would-be superpower rival to the U.S., Saudi Arabia has sought to balance its relationships with Beijing and Washington -- sometimes leaning more one way, and sometimes the other. Until the 2014-2016 Oil Price War, the U.S. was the core relationship; after the war had finished, it was China and Russia; and then, from the start of U.S. President Donald Trump’s second term in office, it was the U.S. again. However, in the aftermath of...

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks PriceONN News
Energy

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks

Italian gas distributor Italgas plans to invest nearly $15 billion by 2032 as it accelerates the use of AI in increasingly smarter and flexible networks, Europe’s largest natural gas distributor said on Tuesday. Total planned investments under the company’s Strategic Plan 2026-2032 unveiled today will be 13 billion euros, or $14.8 billion, through 2032. This would be a 14.6% increase compared to the previous strategic plan. A total of $9.5 billion (8.3 billion euros) is earmarked for the...

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