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Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return PriceONN 新闻
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Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return

Oil futures were on track to post their fourth consecutive weekly loss early on Friday as the tentative reopening of the Strait of Hormuz and the uptick in oil flows weigh down prices. In Asian trade early on Friday, with U.S. markets closed for the July 4 weekend, both benchmarks, Brent and WTI, were gaining about 0.5% on some profit-taking. Over the past three weeks, prices have slumped to nearly pre-war levels, with Brent now in the low $70s per barrel and WTI Crude trading below $70. The...

Silver price today: Silver rises, according to PriceONN data PriceONN 新闻
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Silver price today: Silver rises, according to PriceONN data

Silver prices (XAG/USD) rose on Friday, according to PriceONN data. Silver trades at $62.60 per troy ounce, up 2.72% from the $60.94 it cost on Thursday.

Gold Rises Toward $4,200 As Fed Rate Fears Ease PriceONN 新闻
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Gold Rises Toward $4,200 As Fed Rate Fears Ease

(RTTNews) - Gold rose towards $4,200 an ounce on Friday and headed for its first weekly rise in five on easing Fed rate hike bets.

WTI Price Forecast: Hovers around mid-$68.00s amid oversold RSI; bearish potential intact PriceONN 新闻
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WTI Price Forecast: Hovers around mid-$68.00s amid oversold RSI; bearish potential intact

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers following an intraday uptick to the $69.25 area on Friday, its modest bounce from the lowest level since late February touched the previous day.

UK Services PMI Falls to Lowest Since 2023 as Demand Weakens Despite Cooling Cost Pressures PriceONN 新闻
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UK Services PMI Falls to Lowest Since 2023 as Demand Weakens Despite Cooling Cost Pressures

UK business activity weakened further in June as the services sector recorded its sharpest contraction in nearly three and a half years, highlighting a loss of economic momentum during the second quarter. The final S&P Global UK Services PMI Business Activity Index fell to 48.8 from 49.3 in May, its lowest reading since January 2023. […] The post UK Services PMI Falls to Lowest Since 2023 as Demand Weakens Despite Cooling Cost Pressures appeared first on ActionForex.

Ethereum: Has the Recovery Begun? PriceONN 新闻
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Ethereum: Has the Recovery Begun?

Ethereum has staged a notable rebound after once again testing the heavily watched psychological zone around 1500$. Since bouncing off this support, ETH/USD has climbed roughly 13%, now trading around the $1,700 mark. This recovery is being driven by a combination of technical and fundamental factors. On the technical side, the aforementioned support zone has […] The post Ethereum: Has the Recovery Begun? appeared first on ActionForex.

Japan's LNG Imports Fall 7% as Utilities Chase Cheaper Coal PriceONN 新闻
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Japan's LNG Imports Fall 7% as Utilities Chase Cheaper Coal

Japan last month reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated despite multiple reports of energy flows out of the Strait of Hormuz improving. The country generated 17.3 terawatt-hours from gas-fired power plants in June, Bloomberg reported, which was down by 16% on June 2025. Coal-fired generation, meanwhile, went up by 4.6%, according to data from the nine largest Japanese power utilities. Japan has been burning more coal and less gas...

British Pound flat lines near 215.00 as looming intervention risks support JPY PriceONN 新闻
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British Pound flat lines near 215.00 as looming intervention risks support JPY

The GBP/JPY cross attracts fresh sellers in the vicinity of mid-215.00s and slides to the lower end of its daily range during the early European session on Friday.

Sunrise Market Commentary PriceONN 新闻
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Sunrise Market Commentary

Markets Yesterday’s US payrolls were supposed to deliver key input for the Fed decision making process as Fed Chair Warsh at the start of its mandate promised that the US central bank will deliver on its price stability mandate. Strong US payrolls over previous months suggested that the ‘second pillar’ of the Fed’s mandate, maximum […] The post Sunrise Market Commentary appeared first on ActionForex.

Japan’s Kihara: Closely monitoring market movements with high sense of urgency PriceONN 新闻
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Japan’s Kihara: Closely monitoring market movements with high sense of urgency

Japan's Chief Cabinet Secretary Minoru Kihara reiterates, during the European session on Friday, that the administration is closely monitoring FX moves and is ready to intervene when needed. Kihara also said on Tuesday that officials are always ready to take the necessary action on forex.

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