Forex News

IDF spokesman: The Air Force attacked military targets in Western and Central Iran a short time ago Explosions have been reported in the northwestern Iranian city of Tabriz, as well as in the Iraqi capital, Baghdad.

According to reports from South Korean media outlets, the severe downward pressure on the won is being driven by a combination of aggressive foreign capital outflows from the domestic stock market and prolonged geopolitical instability in the Middle East. Seeking lower risk, foreign investors have maintained a steady sell-off of South Korean equities, ...

Japan's economy lost momentum in the January-March quarter from the previous three months over sluggish capital expenditure, revised gross domestic product (GDP) data showed on Monday, pointing to challenges ahead due to the Middle East conflict. The GDP figures released by the Cabinet Office showed the economy expanded an annualised 1.8 per cent in the ...

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OPEC+ agreed on Sunday (Jun 7) a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group's members from pumping more. The war has cut oil flows via the Strait of Hormuz, creating the world's biggest-ever supply crisis as key OPEC+ members including Saudi Arabia have been unable ...

Bearish momentum was unleashed for the Aussie dollar on Friday when another strong Nonfarm Payrolls report boosted the odds of another Fed rate hike. A total of 172k jobs were added in May, taking the three-month gain to more than half a million. Unemployment remained low and unchanged at 4.3%. We had already seen ISM reports point to resilient growth and ...

*TRUMP SAYS NETANYAHU WOULD HAVE TO ACCEPT A US DEAL W/ IRAN: FT TRUMP: “I CALL THE SHOTS. I CALL ALL THE SHOTS. HE [NETANYAHU] DOESN’T CALL THE SHOTS.” - FT INTERVIEW TRUMP SAID THAT IRAN’S STRIKES HAD NOT CHANGED HIS DESIRE TO CONCLUDE US-IRAN NEGOTIATIONS - FT - RTRS Trump: if deal collapses on its merits, would consider commando raid on Iran - FT

There was one word on the lips of many Canadians economists, politicians and journalists this past week: recession. Recent economic data has painted a mixed picture of Canada’s economy, and some interpretations make the argument for a recession. Here’s what you need to know about the state of Canada’s economy. Why are people talking about a recession? On ...

*TRUMP SAYS THINGS GOING WELL AFTER IRAN BOMBS ISRAEL: NYP TRUMP SPOKE TO NETANYAHU - AXIOS

Iran on Sunday reportedly fired missiles at Israel, as a tenuous ceasefire between Washington and Tehran hangs in the balance. The reports of missile fire from Iran come after the Iranian Parliamentary Speaker, MB Ghalibaf, said in a post to X that the U.S. “naval blockade and violation of agreements regarding Lebanon” amount to violations of the ceasefire. ...

*TRUMP SAYS IF BIBI STRIKES BACK, WAR WILL KEEP GOING: AXIOS #BREAKING “The Iranian strikes didn’t hurt anybody. Hopefully Israel is not going to retaliate. If Bibi strikes them back it’s just gonna keep going like the last 47 years, or the last 3000 years,” Trump told Axios. "I’m going to call Bibi right now and tell him not to…

*TRUMP SAYS HE'S NOT HAPPY ABOUT ISRAEL'S INITIAL ATTACKS: FOX *TRUMP TO FOX: ISRAEL'S EARLIER ATTACKS NOT COORDINATED WITH US *TRUMP TO FOX: CLOSE TO A DEAL W/ IRAN AND NOW THIS TAKES PLACE Trump to Fox News on Iran: U.S. forces on alert President Donald Trump urged Iran to stop firing missiles and return to negotiations after Tehran launched missiles toward Israel on Sunday. "What I would suggest to Iran: You've shot your missiles, that's enough. Get back to the table and make a deal," Trump told Fox News,… pic.twitter.com/t0YjQSWlkB President Trump tells me: I am going to call Netanyahu right now and tell him not to strike back

In an exclusive interview with Meet the Press, President Trump addresses the economy amid the war with Iran and says Federal Reserve Chair Kevin Warsh is “fantastic,” adding, “I want him to do whatever he wants” when it comes to setting interest rates.

*IRAN'S TASNIM: A NEW WAVE OF MISSILES WAS FIRED AT ISRAEL *IRAN'S IRGC SAYS ISRAEL MUST STOP ATTACKS ON S. LEBANON: TASNIM *ISRAEL SAYS IDENTIFIED INCOMING MISSILES LAUNCHED FROM IRAN

*IRAN SAYS IT RECEIVES $1.5M-$2M PER SHIP PASSING HORMUZ: IRIB

President Donald Trump stated that the Federal Reserve should lower interest rates rather than raise them in response to strong economic growth, during an interview broadcast Sunday morning on Meet the Press. Speaking with moderator Kristen Welker, Trump addressed upcoming decisions facing newly appointed Federal Reserve Chairman Kevin Warsh, whose first ...

In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, the Participating Countries decided to: 1. Reaffirm the Framework of the Declaration of Cooperation, signed on 10 December 2016 and further endorsed in subsequent meetings.​ ​ ​ 2. Reaffirm ...

Sunday marks 100 days since the war in the Middle East began, and the conflict continues to drive substantial volatility across all asset classes in every region of the world as a lasting peace deal remains elusive. Negotiations between the U.S. and Iran have stagnated, with Washington and Tehran sending mixed messages on the state of peace talks and both ...

OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the group’s members from pumping more. The war has cut oil flows through the Strait of Hormuz, creating the world’s biggest-ever supply crisis, as key OPEC+ members, including ...

At International Economic Forum today, Putin says, “Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.“ That is correct. And it’s why there is global talk of dollar avoidance. But how easy is it? I am surprised by that answer because I ...

The 2-year Treasury yield jumped by 12 basis points on Friday, to 4.17%, the highest since February 2025, when it was on the way down. Back then, it was anticipating more rate cuts, which came in the fall that year, three of them. Now it’s anticipating rate hikes – multiple rate hikes. Yields reflect the summary of the vast bond market’s diverse opinions. ...

Markets are finally on the move again after weeks of consolidating, and in this SMC Outlook video I'm sharing my exact trade plan for the DXY, EURUSD, GBPUSD, AUDUSD, and gold (XAUUSD) for next week. We've had a lot of sideways price action across the board, but Friday's breakout changed things, and the smart-money concepts roadmap is getting much clearer. ...

Iran launched a salvo of missiles at US allies Bahrain and Kuwait on Saturday, after renewed American strikes, drawing a furious response from the Gulf monarchies and further undermining a fragile truce. Weeks of indirect talks marked by tit-for-tat threats and sporadic strikes have failed to secure a deal to end the Middle East war or reopen the Strait of ...

There was a time when I wrote about the debasement trade constantly. But a lot has changed since last year’s massive run-up in precious metals prices and - as I flagged in a series of posts this week - gold has stopped trading like a safe haven asset ever since war with Iran began. It falls when risk aversion spikes and rallies when risk appetite recovers. ...

President Donald Trump on Friday defended the continued lack of a war-ending deal with Iran by once again trashing the prior nuclear agreement brokered by Barack Obama, his predecessor and longtime political foe. “They’ve dealt with very weak and ineffective leadership on behalf of the United States” and others “that allowed them to get away with murder,” ...

Markets are waking up to the possibility that the Fed is behind the curve in fighting inflation, with futures now pricing 41 basis points of tightening over the coming year. At present, the Fed retains an easing bias, underpinned by the view that risks to its dual mandate are skewed towards the downside for full employment rather than upside risks for ...

The war in the Middle East continues to disrupt flows from the region and helps shape risk appetites. After falling by almost 14% in the last two weeks of May, July WTI rose about 4.5% last week as there seemed to be little progress toward a resolution. The odds that Strait of Hormuz on Polymarket seem more cautionary and stable than the vagaries of the ...

Thank you for the opportunity to speak to you. The U.S. economy relies on a strong and stable banking system that extends credit to households and businesses. America's prosperity as well as the day-to-day needs of people and their efforts to plan for and build a better future depend on it. Today I want to share with you a few thoughts on the Federal ...

Two Senate Democrats on Thursday called on the Trump administration to stop the production of a 24-karat gold coin bearing President Trump’s image to commemorate America’s 250th birthday, with the lawmakers expressing concerns that some of the gold used by U.S. Mint could be traced to foreign cartels. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) ...