Forex News

The U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades, as Washington and Tehran press on with fragile talks toward a permanent peace deal. The U.S. Treasury on Monday issued a wide-ranging 60-day exemption allowing Iran to produce and sell crude oil, petrochemical ...

ECB'S LANE: INFLATION RISKS BEING ABOVE 2% FOR QUITE SOME TIME ECB’s Lane: Energy shock is feeding through to broader inflation ECB’s Lane: The ECB is to remain attentive to risks on both sides of the outlook ECB’s Lane: The Middle East situation is fragile with risk of setbacks

ECB's Kazimir: Services prices are key, must watch 2nd-round effects ECB's Kazimir: Direction is clear, we still have work to do

Iranian ambassador to the UN in Geneva: Cannot confirm statement made by the US that funds from defrozen Iranian assets would be spent on American corn, soy, and wheat

UK private sector activity contracted for the second month in a row in June, as sustained weakness in the services sector overshadowed a further, albeit temporary, boost to manufacturing output. Overall new business volumes declined at the fastest rate in 14 months, leading to a steeper drop in backlogs of work and a trimming of headcounts. Input prices ...

Provisional PMI® survey data for June signalled a further reduction in business activity across the eurozone's private sector amid sustained falls in new orders. A slight drop in employment was also recorded again. Meanwhile, there were signs of inflationary pressures softening, with input costs rising at the slowest pace since the outbreak of war in the ...

Iran's ForMin Spox: Tehran Has No Plan To Let IAEA Inspectors Visit Nuclear Sites Targeted In Conflict IRAN'S BAGHAEI SAYS TEHRAN'S MISSILE AND DEFENSIVE CAPABILITIES WON'T BE SUBJECT OF NEGOTIATIONS WITH ANY PARTY IRANIAN AMBASSADOR TO UN IN GENEVA: STRAIT OF HORMUZ IS OPEN WITHOUT CHARGES, BUT WHAT HAPPENS AFTER 60 DAYS DEPENDS ON THE NEGOTIATIONS

The latest ‘flash’ S&P Global PMI® survey showed a third straight monthly decrease in German business activity in June, with the rate of contraction quickening slightly to the fastest seen for a year-and-a-half. The downturn reflected weakness in underlying demand and contributed to further job losses across the private sector. Elsewhere, the latest data ...

Business activity in France's private sector continued to decline in June, according to S&P Global 'flash' PMI data, stretching the current downturn into its sixth month. There was some reprieve, however, as the rate of contraction slowed sharply from May, with softer declines in output recorded in both the manufacturing and service sectors. Some other ...

$USDJPY flash crash: -30 pips then bounce to 161.48. BOJ intervention fears vs. Fed hawkish bets. Key level: 161.00 support, 162.00 resistance. Scalpers, are you ready? #Forex #USDJPY

On June 23, 2016, Britons headed to the polls to vote on whether to stay in the European Union. A shock result emerged overnight: the electorate had voted to leave the bloc by 52% to 48%. The pound tanked. London’s FTSE 100 tumbled. Then-Prime Minister David Cameron — who had called the referendum and led the campaign for the Remain vote — resigned. Since ...

Japan's finance minister said on Tuesday (Jun 23) that Tokyo was ready to take "resolute measures" as the yen came within a whisker of its 40-year low against the dollar. The currency has been sliding for several years and has come under renewed pressure because of the Middle East war and the gap in US and Japanese interest rates.Japan and the United States ...

Iran's chief negotiator Mohammad Bagher Ghalibaf said that the Strait of Hormuz will be administered by Tehran, state media reported on Tuesday (Jun 23), following talks pushing to end the US-Israeli war on the Islamic republic. Iran and the United States agreed on Monday to set up communication lines to keep the vital shipping route open and end fighting ...

Over the past two years, headlines about the U.S. labor market have often sounded contradictory. Employers report difficulty finding workers, layoffs remain low and unemployment rates are still near record-low levels. At the same time, young adults, especially those entering the labor market for the first time, are finding it harder to secure jobs. These ...

Competing narratives of labor-market momentum and deteriorating growth have left the Fed in “wait and see” mode. With inflation and oil risk complicating the picture, can the Fed stay on the sidelines until the labor-versus-growth debate resolves?

PMI day is upon us, perhaps the most brilliantly orchestrated non-event in financial markets. S&P Global has essentially taken a sentiment survey and managed to plonk it right in the middle of what has traditionally been one of the quieter periods of the month for scheduled economic data. The result? It receives far more attention than it probably deserves. ...

Japan's manufacturing sector sustained robust growth in June, with new orders surging to their fastest pace in more than four years, though cost pressures continued to intensify due to the repercussions from the Iran war, a survey showed on Tuesday. The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) edged up to 54.9 in June from 54.5 ...

Japan FinMin Katayama held virtual talks with US Treasury Secretary Bessent on Monday Japan Finance Minister Katayama: Reaffirms market coordination with Bessent Japan's Finance Minister Katayama said there has been no change to the existing agreement between Japan and the US regarding decisive policy actions. Japan’s finance chief said talks with Bessent reinforced cooperation on monitoring and coordinating financial markets.

The latest Flash PMI® data, compiled by S&P Global, pointed to the strongest rise in total business activity across Japan's private sector for three months in June. This was supported by a quicker increase in manufacturing output and a renewed upturn in services activity, with both sectors reporting firmer demand conditions. Greater amounts of backlogged ...

Among the beauty pageant of 1960s Ferrari road cars, arguably the most dazzling is the 275 GTB/4 coupe. Masterfully designed by Pininfarina and hand-built by Scaglietti, this exquisitely proportioned berlinetta combines jaw-dropping style with towering V-12 power and performance. It’s no wonder that the so-called “four cam” attracted the attention of ...

Canada's inflation rate accelerated above the Bank of Canada's target band in May, yet markets remain convinced policymakers will leave rates unchanged. With bearish CAD positioning becoming increasingly crowded and several Canadian dollar crosses flashing signs of exhaustion, traders may be asking whether a near-term rebound in the loonie is overdue. Here ...

Flash PMI® data from S&P Global signalled a near-stabilisation of business activity in Australia during June, following a slight reduction in the previous month. New orders continued to fall, however, amid market uncertainty. Meanwhile, business confidence dropped to the lowest since the COVID-19 pandemic. Inflationary pressures remained relatively ...

Interactive Brokers has expanded its artificial intelligence offering by integrating ChatGPT and Grok into its trading platform, while also adding support for options and futures. The move extends the broker’s push into AI-driven tools and follows its earlier integration with Anthropic’s Claude. The company said on Monday that clients can now connect their ...

European Central ⁠Bank President Christine Lagarde ⁠on Monday urged global leaders to discuss undervaluation of the Chinese currency as a facet of the imbalances endangering the global economy. China has consistently denied that it manipulates its currency for trade advantage but its surging trade surpluses are one of several macroeconomic mismatches ...

Fifty-four people were injured and 18 are missing after an explosion at Qatar’s massive Ras Laffan liquefied natural gas (LNG) complex, which occurred as workers were restarting operations halted after an Iranian attack in March. Authorities said a ‘technical accident’ occurred at the Barzan local gas supply facility on Sunday evening and that there was no ...

fed's goolsbee defends his dissent, says inflation remains well above target and moving in the wrong direction; adds the labor market is stable, services inflation is concerning, and more evidence is needed that price pressures are temporary.

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference last Wednesday, new chair Kevin Warsh began to reverse some of those steps. ...

Oil prices remain volatile as the US-Iran peace MOU shifts the market narrative from fears of supply shortages to oversupply risks. However, renewed uncertainty around the Strait of Hormuz keeps the geopolitical risk premium alive. Oil prices have entered a more complicated phase as the market tries to balance two opposing forces. On one hand, the US-Iran ...

TRUMP: LARGE VOLUMES OF OIL CONTINUE TO FLOW THROUGH THE STRAIT OF HORMUZ. Trump on the Economy: We have the opposite of a depression, oil prices are way down Trump: We have total control of the Strait. TRUMP: AS LONG AS IRAN SHOWS RESPECT TOWARD THE U.S., THERE WILL BE NO PROBLEMS BETWEEN THE TWO COUNTRIES.

Alan Greenspan, the influential central banker who spent nearly 20 years as chair of the Federal Reserve, died Monday at the age of 100. Greenspan leaves behind a complex legacy, one of the most enduring parts of which was his shift toward protecting financial markets. Greenspan exhibited a deft touch with financial markets, saying the barest minimum in his ...