Forex News

U.K. Prime Minister Andy Burnham’s announcements during his first 24 hours on the job underscore the political and financial challenges he faces as he tries to jump-start the country’s sluggish economy. Burnham, from Britain’s left-leaning Labour Party, faces restive voters seeking relief from the high cost of living. At the same time, the investors who ...

Brent crude futures are trading in the low $90s as the Gulf area escalation enters a tenth consecutive day. Iran attacked a tanker in the Strait of Hormuz, while two tankers carrying Saudi crude reversed course in the southern Red Sea after warnings from Iran-backed Houthi forces placed another critical maritime chokepoint under threat. chart For more ...

US Defense Secretary Pete Hegseth faced fiery questions and protests Tuesday (Jul 21) over the war with Iran, which he estimated has cost US$37.5 billion so far, as Republicans prepare a US$95 billion package to fund the military, along with other White House priorities. Hegseth provided the new estimate, up from earlier assessments, during a combative ...

Seasonally adjusted total billings in New Zealand were $4.5 billion in June-26. Annually, this was an increase of 3.1 percent from June-25. • Seasonally adjusted domestic billings on New Zealand issued cards were $3.9 billion in June26, down -1.1 percent from May-26, and up 2.4 percent from June-25. • Overseas billings on New Zealand issued cards were ...

Treasury Secretary Scott Bessent warned Tuesday the Trump administration could sanction China over intellectual property (IP) theft amid concerns about whether Beijing is relying on American AI to develop its own advanced models. “We’ve seen a lot of talk about you know open-source models coming and threatening the large language models in the U.S.” Bessent ...

The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled on Tuesday (Jul 21), with President Donald Trump's temporary global levies due to expire this week. The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced ...

Japan Finance Minister Katayama: will take necessary steps on forex as required

The US Dollar Index has broken out, fuelled by another sharp increase in hawkish Fed pricing ahead of next week’s FOMC meeting. With energy prices continuing to ratchet higher on the back of escalating geopolitical tensions in the Middle East, the fundamental backdrop is creating powerful tailwinds that reinforce the bullish technical picture. The ...

Retail brokers handled $30.4 trillion in monthly FX and other trading volume in the second quarter of 2026, according to FM Intelligence. That is 9.3% below the first quarter's $33.5 trillion, yet it leaves activity within 1.4% of the same period a year earlier. The quarter-on-quarter dip reads as a step back from a first-quarter high rather than a ...

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Collectors of Shohei Ohtani memorabilia will have a new Holy Grail to hunt for beginning this week. Officials at Topps announced on Tuesday that an Ohtani baseball card worth millions of dollars will be placed into a random pack and will hit store shelves starting on Wednesday. The card is a true 1-of-1, as it holds four distinct features that no other ...

Effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a TARIFF of ZERO PERCENT for a two year period of time, after which the TARIFF will be raised to 100% for a one year period of time, and 200% thereafter. This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them. The objective of this Policy is to protect the people of the United States. The Policy on Patented, Branded, or Innovative Drugs, which has been so successful, will remain as is. Pharmaceutical Facilities are being built, at a level never seen before, all over the United States of America. Thank you for your attention to this matter! President DONALD J. TRUMP

It only seemed a matter of time before volatility erupted on USD/JPY, given the compression pattern beneath its 39-year high. Momentum ultimately broke to the upside, helped by a strong session for the US dollar amid the latest flare-up in Middle East tensions. As noted in this week’s COT report, net-short exposure to the Japanese yen has moved away from a ...

As a newly installed chairman takes the helm of the Federal Reserve, US monetary policy remains uncertain amid a soft inflation print and escalating tensions in the Middle East. David Mericle, chief US economist in Goldman Sachs Research, forecasts the Fed to keep interest rates unchanged this year before cutting its policy rate in 2027. He also unpacks the ...

U.S. trade has seen notable growth over the past year, with exports and imports both up 13-14% year-on-year in May (Chart 1). This may sound counterintuitive given the protectionist stance of trade policy under the current administration, but the sectors driving these trends have been subject to specific demand shocks. In the case of exports, higher global ...

UK inflation is set to have eased last month in a temporary boost for the new Prime Minister ahead of a jump in the household energy price cap. Official figures for June's Consumer Prices Index (CPI) will be published on Wednesday, two days after Andy Burnham took the reins and formed a new Cabinet. Most economists think a sharp drop in petrol and diesel ...

API Inventory Moves 07/21 Crude +2.603 million (exp. -1.5 million) Gasoline -1.379 million Distillates +1.759 million Cushing -737,000 SPR actual -5.1 million #oott #crudeoil #gasoline #api

In February, President Donald Trump turned to Section 122 of the Trade Act of 1974 to impose a 10% global tariff for 150 days, with his move coming shortly after the Supreme Court ruled against his use of the International Emergency Economic Powers Act to impose his import taxes. With the 150-day period ending, Trump now looks poised to seize on yet another ...

For years, Australian residential property has been viewed as a one-way bet. Mention the possibility of falling house prices and you’re often met with disbelief. Population growth, constrained housing supply and a deeply ingrained belief that property always goes up have combined to create one of the most expensive housing markets in the developed world. ...

Andy Burnham began his tenure as the U.K.‘s seventh prime minister in 10 years this week — but investors’ attention is now on John Healey, who was named Chancellor of the Exchequer late on Monday. Britain’s new finance minister faces a delicate balancing act between delivering Burnham’s potentially more left-leaning agenda and calming financial markets. As ...

Barbara Kahn, professor of marketing at the Wharton School, explains why retail sales remain resilient despite inflation and economic uncertainty. She explores the growing demand for value, wellness, and memorable experiences, the challenges facing aspirational luxury brands, and the uneven performance of shopping malls. Kahn also discusses how retailers ...

The White House announced that the U.S. will impose 50% tariffs on a wide spectrum of Canadian goods, taking effect August 19th. The U.S. will use Section 338 of the Tariff Act of 1930, which is an emergency trade authority that gives the President power to impose additional duties of up to 50% on imports from countries that “discriminate against or impose ...

Outside of earnings reports from Alphabet and Tesla after the bell tomorrow, most of the major market-moving economic data will come from the European continent this week. Today’s focus is on the situation in the UK. During this morning’s European session, the UK jobs report pointed to a labor market that is stabilizing, albeit at a relatively weak level. ...

The European Central Bank is likely to leave rates unchanged on 23 July. Consensus is unanimous and markets are pricing less than a 5% chance of a hike. That fits the natural progression from June’s hike, which was largely driven by higher energy prices, and felt more like an ‘insurance’ move than the start of a tightening cycle. Still, the stream of ...

*trump: Iran Hasn't Seen Anything Yet, We've Been Nice Trump says the U.S. will be hitting Pickaxe mountain in Iran "pretty soon very heavily and there is nothing they can do about it" Trump Says Action Against Iran Is Coming Soon And It Will Be Severe.

Japan is in a terrible spot. Its gross public debt is so high that the Bank of Japan (BoJ) is forced to keep buying government bonds on a constant basis, because - without this action - longer-term bond yields would rise uncontrollably, pushing Japan into a debt crisis. But artificially capping yields puts depreciation pressure on the Yen, because - in the ...

Trump On Houthi Blockade: If Something Happens We'll Just Have To Take Care Of Business Trump: Iran wants to meet; we have no interest. *trump: We're Not Finished At All With Iran Trump: Rebuilding Iran will take from 20 to 25 years Trump: Canada Tariffs Not In Response To Wildfires

Trump Announced Significant Support For Lebanon Trump Says Lebanon Has A Very Good Relationship With The U.s. Trump: We're Going To Help Lebanon A Lot Trump: We feel very good about Lebanon, we will make a lot of progress with Lebanon's Aoun.

Carney: He And Trump Agreed To Intensify Negotiations In The Coming Weeks Canada PM Carney: Trump's Latest Tariffs Threat Is In Violation Of USMCA Deal Canadian Prime Minister Carney: We will look at all options if the United States goes ahead with the latest tariff threat. Canadian Prime Minister Carney: I don't want a partial trade agreement with the United States; I want a deal that addresses all critical sectors.

Yen weakens to 163 vs USD, raising risks of intervention.