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PriceONN 新闻
Eurozone Fuel Sales Fall 3.5% as Iran War Sends Prices Surging
Automotive fuel sales in the Eurozone slumped by the most in two and a half years in April as drivers reduced gasoline and diesel purchases as prices jumped in the wake of the Iran war. Sales of automotive fuel in specialized stores declined in the Eurozone by 3.5% in April from a year earlier, while the EU sales of motor fuel fell by 2% year over year, data from Eurostat, the EU statistics office, showed. The flop in Eurozone fuel sales was the steepest since October 2023, and was the first...
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Nasdaq: The beginning of the Correction?
Stock indices reacted negatively to the Fed’s rate hike. The dollar was once again boosted by escalating geopolitical tensions. The US dollar has benefited from the escalating geopolitical situation in the Middle East, increased demand for safe-haven assets and an improvement in the US labour market. Employment growth of 172K in May and upward revisions […] The post Nasdaq: The beginning of the Correction? appeared first on ActionForex.
PriceONN 新闻
Markets breathed a sigh of relief on Monday after Iran’s military declared its first wave of attacks against Israel complete, helping Brent crude retreat from above $98 to below $95. Yet the pullback in oil may be telling only part of the story. While investors rushed back into risk assets, crude prices remain firmly above […] The post Markets Find Relief as Iran Ends First Wave of Strikes. But What About the Second? appeared first on ActionForex.
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The Middle East's largest remaining oil export corridor came under renewed pressure on Monday after Yemen's Houthis announced a complete ban on Israeli shipping in the Red Sea, risking a further widening of the shipping crisis beyond the Strait of Hormuz. The announcement comes as the Red Sea has assumed a far larger role in global oil trade following months of disruption around the Strait of Hormuz. Saudi Arabia has increasingly relied on its East-West Pipeline system and the Red Sea export...
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Market Overview The crypto market capitalisation has lost 12.5% over the past seven days. However, the sharp sell-off that began in June paused on Friday near the $2.05T level, and the market has now rebounded to $2.16T at the time of writing. At the end of last week, Bitcoin fell below the 200-week moving average […] The post Will Bitcoin’s Historic $60K Support Hold? appeared first on ActionForex.
PriceONN 新闻
The disruption of Middle Eastern crude supplies through the Strait of Hormuz has forced Chinese refiners to delay or indefinitely postpone 500,000 barrels per day of refining capacity, creating one of the first major downstream impacts of the Iran war outside the Gulf region, Reuters reported on Monday. The delays affect a 300,000-bpd refinery being developed by Huajin Aramco Petrochemical Co. in northeastern China and a planned 200,000-bpd restart at PetroChina’s Dalian refinery. Both projects...
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Saudi Arabia has slashed the official selling prices of its crude loading in July to customers in Asia, Europe, and the United States, in a widely expected second consecutive monthly cut amid weakening demand and narrowing spot Middle East crude premiums. Saudi oil giant Aramco has reduced the price of its flagship Arab Light crude loading for Asia in July by $6 per barrel, setting it at a premium of $9.50 per barrel over the average Oman/Dubai prices, the benchmark for Middle East oil, a...
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(RTTNews) - Gold prices fell below $4,300 an ounce on Monday as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.
PriceONN 新闻
Israel hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since the April 8 ceasefire, as hostilities in the Middle East rapidly escalated during the weekend. Israel and Iran traded missile strikes on Sunday, with Iran targeting Israel and Israel retaliating on Iranian targets. The escalation swiftly led to a 5% spike in oil prices early on Monday in Asian trade amid market fears that a U.S.-Iran deal is becoming increasingly...
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EUR/USD began the new week at 1.1520. The US dollar ended last week with gains of more than 1% following a strong US labour market report. In May 2026, the US economy added 172,000 jobs, significantly above the market forecast of 85,000. The data exceeded expectations, reinforcing confidence in the resilience of the US economy. […] The post EUR/USD at April Lows: What’s Next for the Pair? appeared first on ActionForex.
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China accounts for the majority of low-carbon projects that secured total funding of $43 billion over the last six months, Reuters has reported, citing a report by the Mission Possible Partnership, a non-governmental energy transition advocacy, supported by the World Economic Forum and the Bezos Earth Fund. There were a total of 19 industrial projects that received funding for low-carbon energy in the period reviewed, and 13 of them were in China, the report said. The total is a considerable...
PriceONN 新闻
Gold’s near-5% collapse last week has extended into the new week, with selling pressure accelerating as investors continue to reprice the global interest rate outlook. The precious metal is now approaching a critical test, with a retest of the March low near $4,100 increasingly likely and the psychologically important $4,000 level beginning to come into […] The post Gold’s Downside Acceleration Points to Crucial $4,000 Battle Zone appeared first on ActionForex.