The Trump-Xi summit was supposed to calm oil markets. Instead, it may have convinced traders that the global energy system is adapting to a prolonged Hormuz disruption rather than preparing for its resolution. Brent crude surged toward $110 today after traders reassessed the implications of comments made by US President Donald Trump following his two-day […]
The post Oil Surges Toward $110 as Trump-Xi Summit Signals Supply Rerouting, Not Hormuz Resolution appeared first on ActionForex.
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USDCAD rises above 1.3700 as gains extend for second consecutive week. Technical bias remains positive, but caution emerges near 50-SMA. USDCAD has traded mostly in positive territory since the beginning of May. After stabilizing around Read more…
Market Overview The crypto market is trading within a narrow range, having bounced off its upper boundary at $2.73T and retreated to $2.67T at the time of writing. New records on the US stock market Read more…