RBA lifts interest rate to 4.35% in May, as expected
The Reserve Bank of Australia (RBA) announced on Tuesday that it hiked the Official Cash Rate (OCR) by 25 basis points (bps) to 4.35% from 4.10% after concluding its May…
Markets Brace for RBA Decision and US Services PMI Looms
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile,…
Gold Takes A Blow, Sellers Push Prices Lower Fast
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained…
War Fears Tarnish Metals – Silver (XAG/USD) Breaks $75 & Gold (XAU/USD) Tests $4,500
Silver and Gold can’t sustain their previous momentum, seeing renewed bearish flows amid tensions resurfacing Their inverted correlation to Oil and the US Dollar remains strong, with the two bouncing…
Iran launches boats, missiles and drones at US warships in Hormuz confrontation
The USS Truxtun and USS Mason transited the Strait of Hormuz under a sustained Iranian barrage of small boats, missiles and drones, entering the Persian Gulf without either vessel being…
Canadian Dollar strengthens as Iran–US tensions lift crude oil prices
The USD/CAD pair edges lower to near 1.3620 during the early Asian trading hours on Tuesday. Escalating tensions in the Middle East after the United Arab Emirates (UAE) reports missiles…
Sunset Market Commentary
Markets With the policy meetings of major central banks having passed last week, markets today returned their focus to the conflict in the Middle East. The latest political development was…
Brent Oil: Brent Price Rises on Fresh Tensions in the Middle East
Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting…
WTI Wave Analysis – ActionForex
WTI: ⬆️ Buy WTI reversed from key support level 96.60 Likely to rise to resistance level 107.30 WTI crude oil recently reversed from the support zone between the key support…
Chevron CEO says physical shortages in oil supply to begin appearing
Chevron CEO says physical shortages in oil supply to begin appearing Source link
