US Natural Gas: Inventory Surplus Continues to Weigh on Prices
The US natural gas market (XNG/USD) is entering the summer season under the influence of two opposing forces. Domestically, the picture remains bearish. According to the EIA, working gas in…
More on this – Iran blocks Hormuz tanker as closure threat takes effect
This incident represents a tangible enforcement of Iran's announced closure of the Strait of Hormuz, a stark contrast to Trump's framing of a deal that would reopen the waterway. With…
Sunrise Market Commentary
Markets The ECB as expected raised its policy rate by 25 bps to 2.25%. After already pondering the impact of the war in the Middle East in April, new projections…
Euro steadies against British Pound following UK GDP, German HICP inflation data
EUR/GBP inches lower after two days of gains, trading around 0.8630 during the Asian hours on Friday. The currency cross remains subdued following the release of economic data from the…
CME to launch 24/7 trading for micro oil and gold contracts. 24/7 futures.
The launch extends round-the-clock access to two of the most actively traded commodity benchmarks, catering to a retail and active-trader base that has shown surging demand for micro-sized contracts amid…
AUDCAD Wave Analysis – ActionForex
AUDCAD: ⬆️ Buy – AUDCAD reversed from support zone – Likely to rise to resistance level 0.9945 AUDCAD currency pair recently reversed from the support zone between the support level…
ECB Review: A Robust Hike, One More to Come
The ECB hiked policy rates by 25bp as expected, bringing the deposit rate to 2.25% at the June meeting. Lagarde highlighted the robustness of the decision to hike rates across…
Elliott Wave View: Wti Crude Oil (Cl) Eyeing Lower Range at $68–$73
WTI Light Crude Oil (CL) maintains a bearish sequence that began from the May 19, 2026 high. The decline from that peak produced wave 1 at $86.35, followed by a…
Indonesian Rupiah declines due to fresh US-Iran military friction
USD/IDR extends its gains for the third consecutive day, trading around 17,950 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support amid renewed…
Report – US forces down Iranian drones going for strikes on Hormuz shipping
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz, after Iran attempted to target commercial vessels transiting the waterway, according to a Fox…
