Forex News

The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT,” but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately. Thank you for your attention to this matter! President DONALD J. TRUMP

Markets are taking the weekend escalation in Iran in stride as they look ahead to tomorrow's US CPI report, with economists forecasting a (temporary?) dip in inflation. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the Nasdaq 100.

Opec has downgraded its 2026 global oil demand forecast for a third month in a row, while raising its projection for next year. In its latest Monthly Oil Market Report (MOMR), the group revised down its oil demand projection for this year by 190,000 b/d to 780,000 b/d, which would leave total consumption at 105.94mn b/d. Opec did not give a clear reason for ...

Iran's Top Joint Military Command: Iran will not allow the US to intervene in the management of the Strait of Hormuz. Iran's Top Joint Military Command: Any attempt by the US to transit through the strait without Iran's authorization will be strongly confronted. Iran's Top Joint Military Command: To leaders of regional countries, any cooperation with the US will be considered war against Iran. IRAN'S TOP JOINT MILITARY COMMAND: IF WAR WIDENS IT WILL REACH ALL THE COUNTRIES OF THE REGION, RESPONSIBLITY LIES WITH U.S. AND ITS ALLIES

IRAN SAYS WON'T BE FORCED TO PAY 'ENEMY' FOR SHIP PASSAGE: IRNA

The re-intensification of the Middle East war initially roiled the markets but as the session progressed, oil has pulled back and equities have stabilized. August WTI briefly traded above $75 and is now around $73.50, which is still nearly 3% higher. Most of the large Asia Pacific equity markets were under pressure but Europe is little changed and US index ...

*TRUMP: WE'RE TAKING OVER THE STRAIT OF HORMUZ TRUMP: MAY SEE SHUTDOWN IN SEPTEMBER IF FILIBUSTER DOES NOT END *TRUMP, ASKED ABOUT IRAN REBUILDING: IRAN HAS NO CHANCE *TRUMP: WILL PROBABLY RUN HORMUZ *TRUMP: IRAN DIDN'T GET ANYTHING FROM ME TRUMP: HIT IRAN VERY HARD LAST NIGHT TRUMP: WE'RE GOING TO GET PAID FOR GUARDING STRAIT TRUMP ON IRAN: THEY'RE A BAD GROUP OF PEOPLE - INTERVIEW

We’ve come full circle on Iran. Back in March and early April, Iranian oil tankers were freely shipping oil out of the Persian Gulf, even as Western vessels suffered rocket and drone attacks if they attempted to transit the Strait of Hormuz. That made zero sense from a US perspective. Iran’s oil exports are a lifeline for the regime. They are what keeps the ...

The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data. Despite the flurry of developments since the central bank’s last rate decision in June, most economists are expecting monetary policymakers to leave the key borrowing rate ...

IRAN TV SAYS HORMUZ TO REMAIN CLOSED TILL US ENDS INTERFERENCE

Global asset managers such as State Street and Legal & General face a potential hit of tens of millions of dollars in money management fees after Japan signaled a goal to channel more state retirement funds into domestic assets. Investors bet that billions of dollars could be shifted into Japanese markets after Finance Minister Satsuki Katayama said on ...

Fed’s Bowman urges global financial watchdog to be flexible. Bowman: Modernizing Financial Regulation Good morning. It is a pleasure to join you this morning. Today, I would like to discuss the work that is currently under way in the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation (or "SRC") on modernizing financial regulation and supervision. Our efforts in the United States have been progressing swiftly over the past year, and most jurisdictions around the world have undertaken similar reviews of their respective regulatory and supervisory financial system frameworks. Nearly a year ago, I assumed the chairmanship of the FSB's SRC. One of the SRC's workstreams under my leadership is the FSB's efforts to establish principles to guide regulatory and supervisory modernization around the world. Today, I will outline these principles, and I will share our approach to applying them in the United States. The Purpose of Modernization and Guiding Principles I will begin by describing modernization in this context. The financial system is constantly evolving, and our regulatory and supervisory framework must keep pace. We must ensure that our framework functions effectively and efficiently, preserves financial stability and bank safety and soundness, and promotes sustainable economic growth. Four principles should guide these efforts. First, we must prioritize material financial risks—these are the risks that can impair an institution's viability and financial stability more broadly. Recent experience illustrates the danger of drifting from this principle. In the United States, we experienced the direct consequences of supervisors losing focus on material financial risks. While we continue to understand the root causes that led to the failure of Silicon Valley Bank, evidence suggests that supervisors failed to sufficiently identify, understand, and act upon the materia

Japan’s 10-year government bond (JGB) yield reversed course and rose on Monday as the market assessed the impact of a potential shift in the Government Pension Investment Fund’s (GPIF) investment strategy. The benchmark 10-year JGB yield rose 3 basis points (bps) to 2.79%, after falling to as low as 2.735% earlier in the session. Yields move inversely to ...

Iran responded to a fresh wave of strikes from U.S. forces by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt over the future of the interim peace agreement signed last month, a deal that had sought to pave the way to reopen the ...

Iran's Foreign Ministry Spokesperson: Iran is trying to reach a joint mechanism with Oman on Strait of Hormuz but US pressure on Oman hindered efforts IRAN SAYS US-IRAN MEMORANDUM OF UNDERSTANDING IN 'CRISIS PHASE'

JAPAN CHIEF CABINET SECRETARY KIHARA: GPIF TO TWEAK ITS BASIC PORTFOLIO AS NEEDED

Gold declined after the US and Iran exchanged strikes over the weekend of Jul 11 and 12, sending energy prices higher and once more raising the prospects for interest-rate hikes to combat inflation. Bullion fell as much as 1.2 per cent to below US$4,070 an ounce on Monday (Jul 13), having lost 1.4 per cent in the week ended Jul 12. Confusion governed the ...

Japan Currently Has No Plan To Change GPIF's Target Asset Allocation, Could Work Within Existing Ranges To Direct More Investment To Domestic Assets – RTRS Cites Sources

Iranian Revolutionary Guard: Continued U.S. interventions in the Strait of Hormuz will lead to larger incidents in the global oil and gas sector

Inflation in the euro area has exceeded the ECB's 2% target every year since 2021. That is surprising. In principle, a sufficiently determined central bank can always bring inflation back to target by raising interest rates. Why, then, has the ECB tolerated inflation above target for so long? Could it be that the costs of returning inflation from around 2½% ...

One of the remarkable things about the US economy is how stable it has been over the last 4 years. I know it doesn’t feel that way sometimes – most of the time? – but from an aggregate viewpoint, that is the reality. We can see this stability in a variety of economic reports as well as in the markets. Interest are up this year across the yield curve but ...

On CNBC Wednesday morning, I predicted that the FOMC minutes would be “much shorter and with fewer details.” Steve Liesman pushed back, arguing that the minutes are a committee document. (So is the FOMC statement, and it still got hacked in half, even deleting “maximum employment.”) In the end, the minutes came in about a fifth shorter, so I was right on ...

Just in | Centcom Conducts New Series of Strikes Targeting Iran US Military Reaffirms Strait of Hormuz Is Open International Waterway Beyond Iran’s Control

The Australian dollar enters the week on uncertain footing after its recent recovery began to lose momentum. Australian consumer and business sentiment will be monitored, but the spotlight falls on Tuesday's US CPI report and Fed Chair Kevin Warsh's congressional testimony. While CPI is likely to drive markets, traders will also be listening for any fresh ...

59% Approval Rating. Prices coming down along with the lowering of oil and gas. Thank you! President DJT

The good news: War with Iran didn’t hurt the U.S. nearly as much as economists feared. The bad news: It left inflation, already above the Federal Reserve’s 2% target, more persistent—and left the Fed with no room to cut interest rates. That’s the upshot of how the views of economists surveyed this month by The Wall Street Journal have evolved since the ...

Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies. U.S. crude oil futures were up 3.4% to $73.87 per barrel by 6:03 p.m. ET. Brent futures, the international benchmark, traded 3.5% higher at $78.67. The U.S. military ...

The Bank of Japan may revise up its economic growth forecast for fiscal 2026 while keeping its focus on the risk of an inflation overshoot, as rising costs from a weak yen and strong AI demand offset some of the recent declines in oil prices, according to Reuters, which cited three sources familiar with the central bank's thinking. The BOJ is due to release ...

Gold entered the second half of 2026 with renewed strength, reclaiming the important $4,000 level during the opening week of July as a weaker US dollar offset the impact of rising Treasury yields. However, the rally lost momentum last week after the latest FOMC minutes revealed a more hawkish tone under new Federal Reserve Chair Kevin Warsh. Policymakers ...

Alas, there’s not as much optimism in New Zealand’s services sector as there is amongst manufacturers. In some ways this should be of no surprise: services is less export focussed, it will probably get less benefit from falling energy prices and contains the struggling hospitality and retail sectors. That said, the direction of travel is positive and the ...