Forex News

Federal Reserve Chairman Kevin Warsh has added two more key advisors as he seeks to remake how the central bank approaches its views on the economy and monetary policy, people familiar with the moves confirmed to CNBC. Though Warsh has talked about broad changes that need to be made at the Fed, he instead reached inside for these appointments, naming ...

FNG has learned that Tim Plummer, CEO of Broker-as-a-Service company, Deus X Markets, has stepped into the CEO role at two of Deus X Capital group’s other businesses, prop trading firm FunderPro, and newly-launched offshore CFDs broker NextTrade. Tim replaces Gary Mullen as CEO of FunderPro. Gary has left the company, and launched a new marketing automation ...

Gold pushed higher on Friday, drawing support from a softer U.S. dollar after this week's inflation data nudged rate-hike expectations a touch lower. Yet for all of the day's firmness, bullion remains on course for its fourth consecutive weekly decline — a useful reminder that one constructive session does not reverse a trend. Spot gold rose about 1.3% to ...

Hungary, which currently meets none of the criteria to adopt the euro, could meet these conditions by around 2030, Prime Minister Peter Magyar said on Friday, adding that cutting the country's level of public debt would be the toughest ​task. Former right-wing leader Viktor Orban's pre-election spending measures pushed the budget deficit well above initial ...

CNBC’s Rick Santelli breaks down the latest economic data to cross the tape

By now, everyone is aware of the AI bubble boom. AI data centers. Trillion-dollar capex plans. NVIDIA chips sold out before they even release. Power companies stressed. Dead firms slapping AI in their name and soaring >100%. And every CEO on earth is suddenly claiming AI is central to the business. But the sheer scale of this buildout is still hard to wrap ...

The Swatch Group has just filed a trademark lawsuit against Samsung in a London court. The Swiss watchmaker, the owner of Omega, Breguet, and more, alleged that the South Korean tech company allowed its smartwatches to showcase digital replicas of dials from its various brands, Reuters reported. Swatch is seeking $170 million in damages, and says the filing ...

President Donald Trump on Friday threatened to impose a “100% TARIFF” on the goods of any country that imposes a digital services tax on U.S. companies. “This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” Trump wrote in a Truth Social post. He added that those tariffs “will be immediately imposed” should ...

The biggest question facing the Federal Reserve may not be whether it cuts or raises rates. Mohamed El-Erian explains why he believes the Fed is undergoing a much bigger transformation after years of policy mistakes, what that means for investors, and why debates over interest rates may be distracting from the real story. The conversation also explores AI ...

Iran signed a ceasefire agreement. We have honored it. If they have disagreements about how the MOU is being applied, they can pick up the phone. But violence will be met with violence.

Mexico’s monthly GDP estimate increased in April, following an annualized 2.4 percent contraction in output in the first quarter of 2026. Nevertheless, the consensus forecast for 2026 real GDP growth compiled by Banco de México fell to 1.1 percent in May from 1.4 percent in April. Other data also point to continued growth. Industrial production, exports and ...

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 ...