Forex News

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” ...

Born2trade, an international brokerage providing access to global financial markets, has announced the launch of prediction markets trading for its existing and new clients. The new offering is available through a dedicated trading environment built into the Match-Trader platform. Within a single client area, users can access a wide range of CFD ...

The Conference Board Leading Economic Index® (LEI) for the US declined by 0.2% in June 2026 to 99.1 (2016=100), following a 0.1% increase in May. However, the LEI is down by only 0.3% over the first half of 2026, a much smaller rate of decline than its 1.1% contraction over the second half of 2025. "In June, the Leading Economic Index (LEI) for the US ...

Iran’s Houthi allies in Yemen on Monday declared a maritime embargo of Saudi Arabia. The militants have repeatedly threatened to close the Bab el-Mandeb Strait, a chokepoint for commercial ship traffic connecting the Red Sea to the Gulf Aden and global markets. Riyadh has diverted million of barrels of oil per day to an export terminal on the Red Sea as the ...

Gold is consolidating around the $4,000 psychological level after recovering from the recent low at $3,959. Price is trading close to the 20-hour moving average, while the 5 and 10-hour MAs have started to flatten, indicating a loss of bearish momentum and a neutral short-term outlook. Immediate resistance is located at $4,030, followed by $4,073. Initial ...

The Consumer Price Index (CPI) increased 2.8% year over year in June, following a 3.2% gain in May. Prices for gasoline increased at a slower rate on a year-over-year basis in June compared with May, driving the deceleration in the headline CPI. Excluding gasoline, the CPI was unchanged in June compared with May, at 2.2%. The CPI fell 0.4% month over month ...

Houthis Announces 'sea Navigation Ban' On Saudi Arabia HOUTHIS ANNOUNCE SEA NAVIGATION BAN ON SAUDI ARABIA **Key Points:** - Houthi forces declare a sea navigation ban targeting Saudi Arabia - Ban set to take effect Monday - Reported by Bloomberg A major escalation in Red Sea tensions that could disrupt regional shipping lanes and Saudi maritime trade. #Houthis #SaudiArabia #RedSea #GeopoliticalRisk

Statistics Canada is set to publish new inflation data for June this morning. A Reuters poll of economists expects inflation fell to 2.9 per cent last month from a recent high of 3.2 per cent in May. Motorists were paying less for gasoline last month amid prospects of peace between the United States and Iran. Those costs have jumped up again in recent weeks ...

Uk Pm Burnham: We Will Introduce A New Political Model And A New Economic Model Andy Burnham says he is 'acutely conscious' that he is the sixth person in the last 10 years to walk up this street, the seventh prime minister since 2016 He says it's a moment for reflection and new resolution. 'It requires my generation of politicians to raise their game. Britain needs to show the world that we can regain our stability again. That is our challenge. 'People at home are fed up with politics. I will be honest with you. We have not been good enough. We will make this moment a circuit breaker for Britain bringing forward the biggest changes for 40 years 'In the 1980s Britain took some wrong turns. Pol... Andy Burnham says he will start unveiling immediate measures to help with the cost of living tomorrow, including how they will be paid for He says that his first instruction on entering No 10 will be a pledge to end rough sleeping He says he will unveil a 10-year plan for Britain later this year UK PM Burnham: Will Bring Forward New 10Y Plan -To Honour Defense Commitments, Meet Fiscal Rules -Will Set Out Cost Of Living Measure From Tomorrow; Measure Will Be Costed -Will Build New Council Homes -Put Essentials Back Under Stronger Public Control -I Will Make Clear To Zelenskiy Today There Will Be No Change In Support For Ukraine

Senior Iranian Source: Mediators Have Proposed A 10-day Cessation Of Strikes To Find Ways To Revive The Iran-us Interim Deal Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."

Events in the Gulf continue to re-escalate, pushing energy prices meaningfully higher. We are particularly focused on natural gas prices, which are now very close to their March highs again. And there is increasing focus on refined products, such as diesel, where higher prices can only add to fears of inflationary pressures being handed down global supply ...

The capital markets are off to a mostly quiet start today, with Japanese markets closed and mixed signals from the Middle East after the war expanded over the weekend. Crude oil prices initially rallied but have come back off. The line-up of the new UK government is awaited. The tech sell-off continued in Asia but US index futures are trading firmer. The ...

The biggest, brashest World Cup on record drew to a close Sunday, as Spain defeated Argentina 1-0 in extra time to claim international football’s biggest prize. Barcelona forward Ferran Torres scored the only goal of what was ultimately a disappointing final, securing Spain’s second World Cup title as Argentina were reduced to 10 men after Enzo Fernández ...