Forex News

International derivatives marketplace CME Group has posted a notice of disciplinary action against Spartak Trading LLC, a proprietary trading firm located in the United States. Pursuant to an offer of settlement in which Spartak neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Board ...

The U.S. launched strikes against Iran on Friday in response to drone attacks on a ship in the Strait of Hormuz earlier this week, which President Donald Trump called a violation of the ceasefire agreement, U.S. Central Command said. A U.S. aircraft struck Iranian missile and drone storage locations as well as coastal radar sites, Central Command said in a ...

BREAKING: The U.S. military conducted strikes in the area of the strait of Hormuz, U.S. official tells me Iran's Nournews: Sound of an explosion heard in Iran's Sirik, the source is unclear. Senior US official tells me US military has begun striking Iranian targets in response to Iranian breach of MOU and ceasefire and attacks on shipping in the Strait of Hormuz. MORE US Military: Forces continue to provide safe passage, coordination, and support to commercial vessels transiting the strait

The US 10yr Treasury yield gapped lower on the back of Thursday’s data releases, which provided a whiff of macro weakness. The big outlier was the much weaker-than-expected 0.5% annualised consumer spending growth for the first quarter – a decline from 1.4%. GDP growth itself was actually revised up to 2.1% annualised, but mostly reflecting a downward ...

*TRUMP, ASKED ABOUT IRAN CEASEFIRE VIOLATION: I DON'T LIKE IT *TRUMP ON CONSEQUENCES: YOU'LL FIND OUT

Minneapolis Federal Reserve President Neel Kashkari said Friday he has changed his outlook and now expects that one interest rate increase will be necessary this year. In remarks just over a week after the Federal Open Market Committee voted to hold its benchmark rate steady, Kashkari said he sees a hike as likely this year as the economy continues to feel ...

The Japanese Yen remains under pressure despite the Bank of Japan's latest rate hike, with HSBC arguing that US Dollar strength is overwhelming any support from tighter Japanese monetary policy. USD/JPY traded near 161.70 on Thursday, close to its highest level of 2026 after climbing more than 1.5% during June. The pair has now moved above the level that ...

Former Federal Reserve Chairman Alan Greenspan passed away at age 100 this past week, just on the heels of the arrival of the central bank’s new leader, Kevin Warsh. It is an opportune time to assess whether Chairman Warsh’s tenure will resemble Greenspan’s. After all, Warsh mentioned Greenspan numerous times during his swearing-in ceremony and promoted ...

President Trump Delivers Remarks at the Faith & Freedom Coalition's 2026 Policy Conference

US, ISRAEL, LEBANON SIGN TRILATERAL FRAMEWORK AGREEMENT ISRAELI PM NETANYAHU: ISRAEL WILL REMAIN IN THE SECURITY BELT UNTIL HEZBOLLAH IS STRIPPED OF ITS WEAPONS Israel and Lebanon sign framework agreement brokered by the Trump administration. My report on @axios

The national debt—a barely comprehensible $39 trillion—seems, to hear economists tell it, forever one shock away from bringing the whole country down. Lately, the designated culprit is the Federal Reserve. The case is relatively straightforward. On June 17, the Fed didn’t raise interest rates—it held them at 3.5% to 3.75%, as expected—but it signaled that a ...

Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this. Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America. This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed. Thank you for your attention to this matter. President DONALD J. TRUMP

With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial ...

The Islamic Republic of Iran shot at least four One Way Attack Drones at Ships transversing the Strait of Hormuz. One of the Drones solidly hit the upper deck of a large and very expensive Cargo Carrying Ship. Damage was done, but the Ship was able to proceed on its way. We knocked down three other Drones. Obviously, this is a foolish violation of our Ceasefire Agreement. President DONALD J. TRUMP

Fed's Kashkari: I am concerned about inflation, especially in services. Fed's Kashkari: I am seeing some signs of life in the labor market. Fed's Kashkari: I see rates on hold in 2027. Fed's Kashkari: I have one rate hike penciled in for 2026. Fed's Kashkari: We're going to have to see how no forward guidance works.

Euro zone consumers cut their near term inflation expectations in May and ​kept them steady ⁠for longer horizons, a European Central Bank survey showed on Friday, suggesting that the bank is not under pressure to quickly raise ​interest rates again. The ECB raised its deposit rate earlier this month ​to combat surging ​inflation and some policymakershave ...

*OMAN WARNED EUROPEAN ALLIES SHIP FEES LIKELY NEEDED FOR HORMUZ

Well that wraps up the episode The oil market briefly jumped earlier when the UAE sent out this message to resident cell phones. That was amplified by a report of explosions -- untrue -- in Iran's media. The alert was withdrawn just 2 minutes after it was issued and now it all appears to have been some kind of technical mistake. The officials are calling it ...

Federal Reserve Chair Kevin Warsh has inherited a major inflation problem. Rather than abating as the conflict in the Middle East winds down, the latest data from the Bureau of Economic Analysis reveal inflation has gotten worse. The Personal Consumption Expenditures Price Index (PCEPI), the Federal Reserve’s preferred measure of inflation, grew at an ...

Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing. And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)... Both ...

The IRGC fired on a Singapore-flagged cargo ship, but markets are shrugging off concerns about the Strait of Hormuz, with oil falling -9% on the week to erase its war gains. 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, WTI Crude Oil.

UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS UAE sends an alert saying the situation is now safe. Explosion sounds heard in Dubai News sources report hearing explosion sounds in Dubai. UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'

*IRAN, US OPEN COMMUNICATION LINE TO COORDINATE ON HORMUZ: TV Iran's Press TV: A communication line between the US and Iran in the Strait of Hormuz has been established.

The US dollar has been supported following the hawkish Fed dot plot last week as the central bank’s tightening bias led to a hawkish repricing in interest rate expectations. As a reminder, the Fed delivered a hawkish surprise by projecting a rate hike this year (the consensus was for no cuts or hikes). There are now 32 bps of tightening priced in by ...

The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for May 2026: The international trade deficit was $105.8 billion in May, up $22.7 billion from $83.0 billion in April. Exports of goods for May were $207.7 billion, $11.8 billion less than April exports. Imports of goods for ...

FP Markets – global Forex and CFD broker – has expanded its equity offering to include share CFD for Space Exploration Technologies Corp. (SPCX). Alongside a rich selection of existing stock CFDs, this addition is available to trade immediately via FP Markets MetaTrader 5 (MT5) and cTrader platforms. Trading SPCX through CFDs with FP Markets offers clients ...

The yen tottered near its weakest level against the dollar in 40 years early in Asia on Friday as traders reined in bets for Federal Reserve rate hikes after U.S. inflation met forecasts and central bank officials sent mixed signals about the policy path ahead. Breaching the 161.96 mark would take ​it to its weakest level since 1986. The yen was little ...

The Australian dollar bounced a bit on Thursday, as we are sitting at the 200-Day EMA, an indicator that is often watched closely by longer-term traders. The Australian dollar has rallied just a touch during the early part of the trading session here on Thursday as we are hanging around the crucial 200-day EMA. Keep in mind the 200-day EMA, of course, is an ...

The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground. The greenback was still poised to end the week higher and remains on track for its best month since July 2025, with ...

China’s May Services Trade Deficit Widens to $18 Billion China Posts $93.1 Billion Services Trade Deficit in First Five Months China Records $18 Billion Services Trade Gap in May, Regulator Says China’s Jan–May Services Trade Deficit Reaches $93.1 Billion