Forex News

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 ...

The US dollar initially fell against the Japanese yen on Friday, but we continue to see buyers take advantage of “cheap US dollars.” The US dollar initially fell against the Japanese yen during the trading session on Friday, but turned around to show signs of life again. Ultimately, this is a market that I think continues to see a lot of questions asked of ...

To anyone who follows European politics, Britain’s new prime minister is an instantly recognizable political creature. But he is unusual for a British, especially a Labour politician. He has learned to speak passable Spanish and Frankie, his university sweetheart turned wife, is Dutch and speaks fluent French. This stands in stark contrast to Britain’s ...

Al Arabiya sources: Iran's Interior Minister arrives in Pakistan today carrying a special message from Pezeshkian #AlArabiya_Breaking

Irans Foreign Ministry Spokesperson Baghaei States U.s. Talks May Continue If It Serves National Interests. Iran's Revolutionary Guards Warn Against Any U.s. 'infiltration' Into Iranian Territory - Tasnim Iran's Baghaei: Intermediaries have shared messages with Tehran over recent days.

China’s yuan firmed slightly on Monday against a directionless dollar, caught between the global energy shock and cooling inflation at home. Analysts expect the dollar-yuan rate to remain range-bound as strong exports support the Chinese currency but weak domestic consumption reduces its appeal. “The yuan is likely to be highly correlated with the dollar ...

The producer prices of industrial products were 1.8% higher in June 2026 than in June 2025. The Federal Statistical Office (Destatis) also reports that producer prices in June 2026 were down 0.3% on May 2026.The increase in producer prices compared with the same month of the previous year was primarily due to higher prices of intermediate goods (+5.1%). The ...

The bull flag and bear flag pattern is a high-probability continuation setup that signals a brief pause in a powerful market trend before the prevailing momentum resumes. This reliable price action formation represents a temporary transfer of assets from impatient sellers to aggressive buyers during an uptrend, or vice versa during a markdown phase. ...

The U.S. military began a ninth consecutive night of strikes against Iran on Sunday, extending a campaign aimed at destroying Tehran’s ability to attack commercial shipping in the Strait of Hormuz. “CENTCOM began conducting a new wave of strikes against Iran at 7 p.m. ET today for the ninth consecutive night,” U.S. Central Command said in a post on X, ...

China kept benchmark lending rates unchanged for a 14th consecutive month on Monday (Jul 20), in line with market expectations. The unchanged loan prime rates (LPRs) suggest that policymakers remain patient, keeping interest rates on hold despite softer-than-expected second-quarter economic data that underscored the uneven growth in the world’s ...

The furnaces at Scunthorpe had been burning through £700,000 per day in losses when Jingye Group, the Chinese company that paid £70 million for British Steel in 2020, concluded in 2025 that the steelworks were no longer financially viable. What followed was not a controlled wind-down. It was a sequence of escalating government interventions that ended on ...

USD/JPY is trading around 162.50 on Monday with Japanese markets closed for a public holiday, a backdrop that has traders on heightened alert for possible currency intervention. While Tokyo itself is shut, yen trading will continue through the session in other regional centres, notably Singapore, Hong Kong, and Australia and New Zealand, though liquidity in ...

US Sec Of State Rubio: US Remains Open To Diplomatic Solution In Iran

The U.S. dollar made a modest advance against most of its global peers at the start of Asian trading on Monday as the conflict in the Middle East escalated, with oil prices rising and investor confidence remaining fragile after turbulence last week. The U.S. dollar climbed 0.1 per cent to 162.48 yen JPY=, the greenback’s strongest level since July 9, as ...

USD/JPY starts the week sitting just beneath the highest levels seen in decades. While the pair has struggled to break higher, the price action continues to tighten, raising the risk that the next meaningful move may be a breakout to fresh multi-decade highs. Last week did little to change the broader narrative of persistent yen weakness. Softer US ...

US Pres Trump: We Hit Iran Very Hard Again Tonight

BREAKING: Iran strikes a vessel near the coast of Oman in the Hormuz Strait Brent Crude Surges Above $90/bbl As Escalating U.s.-iran Hostilities And Shipping Threats In Strait Of Hormuz Heighten Global Oil Supply Concerns; Markets Pricing In Greater Supply Risks As Attacks Expand To Energy Infrastructure With Tight Global Inventories Offering Little Buffer Against Further Disruptions

The 2026 FIFA World Cup is awarding $655 million in performance prize money, making it the richest tournament in the competition’s history. Every stage of the tournament came with a larger financial reward, giving teams another incentive to advance as far as possible. Performance prize money has increased nearly 50% since 2022, when FIFA awarded $440 ...

The Euro has recovered from recent lows, but ING believes EUR/USD may struggle to extend gains as renewed energy-market risks and shifting interest-rate expectations weigh on the single currency. EUR/USD traded near 1.16 after rebounding from June's decline, but ING expects selling pressure to emerge as the pair approaches the 1.1500 area. ING says the ...

This release refers to trade in goods only. In June 2026, compared with June 2025: goods exports rose by $1.6 billion (25 percent), to $8.1 billion • goods imports rose by $1.7 billion (28 percent), to $8.1 billion • the monthly trade balance was a surplus of $23 million. charts Goods exports rose by $1.6 billion (25 percent) in June 2026 (to $8.1 ...

Have you ever opened a trading platform and asked yourself why the price candles look totally different than you expected? When Indian traders are starting out, they often seek help with the setup of their workspace. Many newcomers compare this platform with other platforms and ask why displays are so different. The display window shows the price movement ...

Will Smith’s former pal is seeking the actor’s testimony against his wife, Jada Pinkett Smith, in a $3 million lawsuit filed in November 2025. Bilaal Salaam, who alleged Jada confronted and threatened him at Will’s birthday party in September 2021, requested via an email on July 7 that a judge require the actor to participate in a deposition, according to ...

Donald Trump has been panned for claiming people in Aberdeen will be “dancing in the streets” following reports Andy Burnham could back new oil and gas drilling in the North Sea. The US president has claimed that granting new oil and gas drilling licenses for the North Sea would see the UK go from a “poverty-stricken disaster” to one of the richest ...

The Iranian attack that killed two U.S. soldiers and left one service member missing on Friday was the fourth in five days on U.S. forces in Jordan, multiple American officials said. Taken together, the attacks have wounded dozens of U.S. service members and damaged a number of helicopters. The flurry of attacks and the losses they have caused are a sign ...