Forex News

Oil prices closed higher yesterday but retreated from session peaks, leaving Brent back below $90/bbl by the close. Prices are trending lower in early morning trading today. There’s some hope of de-escalation between the US and Iran. Reports are that mediators are proposing a 10-day ceasefire, which could put the Memorandum of Understanding (MoU) back on ...

Inflation is a problem in New Zealand. Today’s Consumers Price Index is a strong confirmation of this. Yes, we all know fuel prices are currently the main contributor to households’ cost of living misery, and this will be the focus of most headline writers. But the worrying aspect of today’s data is not the impact of fuel but the depth and breadth of price ...

Japan PM Takaichi Aims To Achieve Over 1% Real Growth And 3% Nominal Growth, Seeks Further Expansion Japan PM Takaichi emphasizes the need to balance economic measures with fiscal discipline and preserve market trust.

Learning how to read forex charts is one of the first practical skills worth developing when you begin trading currencies. Charts give forex traders a clear visual record of how a currency pair has moved over time, making it far easier to spot patterns and make more informed decisions. What are forex charts and how to read them? The answer is less ...

New Zealand consumer prices rose 1.5% in the June quarter, lifting the annual inflation rate to 4.1%. While that was above the 4.0% increase expected by economists, it fell just short of the Reserve Bank of New Zealand's 4.2% forecast released in May. That suggests inflation remains uncomfortably high and is likely to keep the RBNZ on course to tighten ...

President Trump slapped a mammoth 50% tariff on certain Canadian goods — a move meant to combat what the administration described as the country’s “continuous discrimination” on American products. The new tax will apply to a range of imports, including wine, hockey sticks, and cement and goes into effect in 30 days, but the administration indicated in a ...

Trevor Milton's unsuccessful defamation case against CNBC and Hindenburg Research has ended with another costly setback for the disgraced Nikola founder. A New Jersey judge ordered the Nikola founder to reimburse CNBC $286,087 in attorneys' fees and litigation expenses after Milton ultimately lost his appeal. Hindenburg Research will also be reimbursed by ...

New Zealand's annual inflation accelerated to 4.1% in the second quarter, above analysts' forecasts and well over the top of the central bank's target range, according to Reuters, as fuel costs drove the bulk of the increase. The consumer price index rose 1.5% from the previous quarter, Statistics New Zealand said, with both figures beating the 4.0% and ...

Today, the United States administration announced its intention to impose a new 50% tariff on a significant number of Canadian goods. This is the latest in a series of unilateral U.S. trade actions that began with the U.S. imposing a series of tariffs in direct violation of the Canada-United States-Mexico Agreement (CUSMA), the free trade agreement between ...

The Canadian dollar was the weakest-performing major currency on Monday after softer-than-expected inflation data reduced expectations of further Bank of Canada policy tightening. Cooling headline and core inflation diminished Canada's relative yield advantage, weighing on the Loonie despite the central bank leaving its policy rate unchanged at 2.25%. ...

The following table shows the price changes for the June 2026 quarter. tables Within the 1.5 percent rise in the CPI in the June 2026 quarter, higher prices were recorded for: • Petrol, up 20.1 percent (49.5 percent contribution to the 1.5 percent rise for all groups) • Other vehicle fuels and lubricants, up 47.7 percent (16.2 percent contribution to all ...

The 2026 FIFA World Cup has given a $20 billion boost to the US economy, according to Bank of America, sparking massive local booms in host cities and helping propel the strongest surge in consumer spending in more than four years. BofA CEO Brian Moynihan said half of the tournament’s $40 billion in fresh economic activity has been funneled to the US, and ...

The U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday. President Donald Trump signed three proclamations Monday targeting different sets of Canadian imports with the steep tariffs in response to ...

About a month ago we said that Q2 CPI inflation, due for release tomorrow, looks no higher than RBNZ forecasts. Today we think it will be no lower than RBNZ forecasts. This is not because we have changed our forecasts. To the contrary, our forecast for Q2 annual CPI inflation remains unchanged at 4.1%. Rather it is because the RBNZ changed its view. In the ...

U.S. imposing additional 50 percent tax on certain Canadian products: White House US invokes Section 338 for fresh tariffs on numerous Canadian products USs extra 50% tariff on specific Canadian products effective 12:01 a.m. ET August 19, 2026: White House Imposing additional duties to offset canadian discrimination against the commerce of the united states with respect to motor vehicles Section 338 of the Tariff Act of 1930 (19 U.S.C. 1338) (section 338) empowers the President to, among other things, impose duties on imports of a foreign country to offset the burden or disadvantage from a foreign country’s discrimination against or unequal imposition on the commerce of the United States. Canada, through discrimination against or an unreasonable and unequal imposition on U.S. auto and auto parts exports, burdens U.S. commerce but not the commerce of other countries and disadvantages U.S. commerce compared to the commerce of other countries. Specifically, Canada imposed a tariff system on only U.S. motor vehicles and treats the commerce of foreign countries more favorably than commerce of the United States with respect to motor vehicles, as defined in Canada’s United States Surtax Order (Motor Vehicles 2025), SOR/2025-118. By denying to the commerce of the United States the benefits afforded to like commerce from other countries, Canada discriminates against U.S. commerce, disadvantaging the commerce of the United States compared to the commerce of other countries. And Canada’s imposition on U.S. motor vehicles is unreasonable, is not equally applied upon the like articles of every foreign country, and places a burden on the commerce of the United States but not on the commerce of other countries. Senior US Official: US To Impose 50% Tariff On Many Canadian Goods, Including USMCA - Exempts Energy, Potash, Critical Minerals From Tariffs - Cites Section 338 For New Tariffs - Cites Discriminatory Actions By Canada On Alcohol, Dairy

Europe is entering a new fiscal era. For several decades, the region’s nations could afford to expand welfare programs because declines in defense spending and debt costs helped absorb the expense. Now that backdrop is changing as aging populations drive pension costs higher, interest rates increase the cost of servicing debt and geopolitical tensions ...

Today at 4 p.m. ET, U.S. forces began a new round of strikes against Iran at the Commander in Chief's direction. The strikes are designed to further degrade Iranian military capabilities used to attack commercial shipping in the Strait of Hormuz.

Gregory Daco, chief economist at EY-Parthenon, says he thinks the Federal Reserve won't move on interests rates for the rest of this year. Daco talks about what he wants to see from the new Chairman Kevin Warsh. Daco speaks on "Bloomberg Surveillance."

Two months ago, UK markets recoiled at the prospect of new Labour leader Andy Burnham becoming prime minister. Today, his arrival in Downing Street has been met with little more than a shrug. Risk premium in the bond markets looks contained. Most investors I speak to don’t expect him to rock the boat this year, even if there are concerns about the fiscal ...

We’re back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted “forward guidance” the market usually knew what to expect. Warsh does not think “forward guidance” ...

President Trump announced a 10% "global tariff" just hours after the Supreme Court struck down his blanket tariffs in February. But that stopgap maneuver under Section 122 of the Trade Act of 1974 came with the authority to levy duties for 150 days. That clock is set to run out. Absent a move by Congress to extend the tariffs — which is highly unlikely — ...

Andreas Steno and Mikkel Rosenvold are back to examine whether Kimi AI's latest breakthrough is reshaping the AI investment narrative, assess the latest escalation in the Iran conflict and what it means for energy markets, and unpack Donald Trump's renewed accusations against China.

Benjamin Netanyahu will not be arrested, in any way, shape, or form, while in the United States of America. He is fighting against the Islamic Republic of Iran, which recently killed 52,000 innocent protestors, and has spent the last 47 years killing American Soldiers, and others. The only ones that should be arrested are the people that led Iran into this unprecedented SPIRAL OF DEATH AND DESTRUCTION, something that should have been dealt with years ago, by previous Presidents! President DONALD J. TRUMP

Every time Iran kills an American Soldier they will pay for that killing many times over! This directive has been passed on to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Daniel Caine, and every Leader in the Military. President DONALD J. TRUMP

Canadian consumer prices fell a greater-than-expected 0.4% in June, cutting the yearly inflation rate to 2.8% y/y. Note that June usually sees some decline in prices, leaving the seasonally-adjusted monthly change at flat. A 10.2% drop in gasoline prices weighed heavily on the headline, but there was softness elsewhere as well. It wasn't all weakness ...

Thank you to our Great Speaker, Mike Johnson, the House Budget Chairman, Jodey Arrington, and the members of the House Budget Committee, including Lloyd Smucker, Ron Estes, Andrew Clyde, Josh Brecheen, Erin Houchin, Mike Carey, Blake Moore, Jay Obernolte, Tom McClintock, and many others, for launching an effort to get AS MUCH of THE SAVE AMERICA ACT as possible in a Budget Bill, along with aid to our incredible Farmers, and funding for our Military. We need Voter Photo ID (Identification!), Proof of Citizenship and, hopefully, No Corrupt Mail In Ballots (except for illness, disability, Military, or travel). I am asking all House Republicans to VOTE YES this week on the Budget Resolution, which is an important first step towards getting a Budget Bill. House Republicans must UNIFY, and fight for THE SAVE AMERICA ACT! President DONALD J. TRUMP

Reports that the US is gearing up for a wider war in Iran conflict with headlines about a 10-day pause on strikes, but the market's reaction shows you which way traders are leaning. Meanwhile, Canadian CPI came in below expectations at 2.8% y/y. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, ...

UK's Chancellor Reeves resigns. It has been the privilege of my life to serve as the Chancellor of the Exchequer. The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years. Stability restored, investment delivered and reform to our economy under way. I said when I was appointed Chancellor that I would judge my time in office if the lives ordinary working class people have been improved. Im proud to say that they have. And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams. I wish the...

Burnham to Seek Flexibility Within UKs Existing Fiscal Rules UK's PM Burnham: I would never take risks with the economy, recommits to fiscal rules. UK's PM Burnham: looking at the personal allowance threshold for income tax, changing it has significant consequences. Burnham Says It's Too Soon To Consider Increasing The Highest Tax Rate. Breaking: Andy Burnham has said that he will use "any flexibility" in the government's fiscal rules in a move that could allow him to borrow billions of pounds to invest in infrastructure. Experts have said that Burnham could raise an extra £16 billion for infrastructure after a change in the definition of public debt in the rules. The National Wealth Fund and other financial institutions are able to make loans or buy stakes in companies without affecting the public debt target. Burnham said: "I've said we'll stick to the fiscal rules and by that I mean the existing fiscal rules and use obviously any flexibility w...

It’s remarkable how often investors and policy makers focus on the wrong things and are misled. When it comes to monetary policy, obsessive attention is paid to interest rates. By doing so, observers are often wrong-footed. Indeed, monetary policy is all about changes in the money supply, not interest rates. At present, this “barking up the wrong tree” ...