Forex News

EU countries agree to freeze the Russia oil price cap for 12 months

UK Finance Minister Healey: I am as concerned about the cost of business as I am about the cost of living

The Iranian-aligned Houthis said on Thursday they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, threatening to create a ​second chokepoint on global oil supplies alongside Iran’s near-closure of the Strait of Hormuz. Meanwhile the US military completed a new round of strikes on Iran at President Donald Trump’s direction, marking ...

Gold rose above $4,100 an ounce in early Asian trading on Thursday, extending a sharp rebound as a weaker US dollar, technical buying and persistent Middle East tensions brought investors back to bullion. Spot gold (XAU/USD) traded near $4,125 after gaining 1.7% on Wednesday and reaching a two-week high. Spot gold rose to $4,145.24 an ounce by 1641 GMT on ...

The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a Reuters poll, keeping further rate rises in view through next year. That outlook underscores the bind Japan's central bank is in: if it keeps rates low it could intensify yen-driven inflation, but raising them too ...

The Australian dollar jumped after today’s employment report showed the economy is yet to show any meaningful signs of rolling over. Ultimately, these figures should allow the RBA to retain its hawkish bias without making any firm commitment to raise rates again. Employment growth was driven predominantly by full-time positions, while the unemployment rate ...

The future of the Red Kingdom has been revealed. The Chiefs on Wednesday unveiled the renderings for their new stadium in Kansas that is scheduled to open for the 2031 NFL season. The venue, designed by MANICA, will include a fully enclosed dome with a ceiling of translucent ethylene tetrafluoroethylene panels. The building, according to the team’s ...

Australian employment surged in June while the jobless rate held steady as more people went looking for work, data showed on Thursday, a sign of resilience that supports the case for another rise in interest rates to tame inflation. The upbeat data sent the Australian dollar up 0.3% to $0.7020 and three-year government ​bond futures fell 5 ticks to 95.4, ...

Last month’s heat wave in the U.K. not only broke June temperature records but may have cost the country more than £1 billion ($1.33 billion) in lost economic output. That’s according to a new analysis by the Grantham Research Institute on Climate Change and the Environment and the Euro-Mediterranean Center on Climate Change (CMCC). The heat wave, which ...

Key statistics: In seasonally adjusted terms, in June 2026: the employment-to-population ratio increased 0.3ppt to 64.0%. • the unemployment rate was 4.4%. In trend terms, in June 2026: the employment-to-population ratio increased marginally to 64.0%. • the unemployment rate was 4.4%. tables Estimates of changes throughout this release are calculated ...

Japan Finance Minister Katayama: prepared to take decisive steps on forex if necessary

On Monday, the Trump administration issued this ‘fact sheet’ and supporting Executive Orders (here, here, & here). Here is a brief summary of what they contain. • Under Section 338 of the Tariff Act of 1930, the US is to impose additional 50% tariffs on certain goods from Canada allegedly in response to Canada’s discriminatory treatment of American ...

Given the euro area and Switzerland face many of the same energy security and terms of trade pressures, the breakout in EUR/CHF on Wednesday looks more technical than fundamental. With a major surprise from the ECB later today unlikely, and nothing of consequence on the Swiss or US economic calendars to trouble the scorers, it raises the question of whether ...

A steady headline unemployment rate would offer only limited reassurance to the RBA given both banks' emphasis on broader signs of labour market slack building beneath the surface. Westpac's focus on a corrected underemployment series showing a material rise, rather than the previously reported sideways trend, points to a softer underlying jobs picture than ...

The latest flare-up in fighting between the U.S. and Iran probably won’t be enough to force the European Central Bank’s hand on Thursday, even as energy costs creep higher. Investors expect the ECB to keep interest rates unchanged at 2.25%. Policymakers raised borrowing costs by a quarter of a point in June, having decided it was time to start trying to ...

FundedNext began testing experimental funding models through a separate track called FundedNext Labs, using a small pool of paying traders to trial rules before deciding whether to move them into its main lineup. Its first experiment, FNL01, is a one-step $50,000 simulated challenge that removes the daily loss limit and sells for $99.99 during a limited ...

The "long" 30-year Treasury yield on Tuesday hit 11 straight sessions above 5%, its longest stretch since May, when inflation concerns were driving the selloff. It climbed another 1.6 basis points to 5.146% on Wednesday, marking the longest such stretch above 5% for the 30-year Treasury since 2007, as this chart from Dow Jones Market Data shows. Inflation ...

video David G. Blanchflower is a prominent British-American labor economist who has been teaching and doing research at Dartmouth College since 1998 , was an external board member of the Bank of England from 2006 to 2009 where he was considered a dovish policy maker, and for years has been writing about the forces driving the U.K. government and economy ...

The US and Iran signaled they aren't ready to return to the negotiating table after both countries escalated attacks deep into a second week of renewed fighting. US President Donald Trump said Wednesday that the Islamic Republic will pay a big price for the deaths of four US troops in the past week. He earlier vowed on social media that the US "will bomb ...

Trump: U.s. Does Not Need The Strait Of Hormuz; Venezuela Working With U.s. To Produce Oil Trump: We're winning in Iran. Trump: Iran Is Getting Hit So Hard They Want To Make A Deal But Are Not Yet Ready; Expects Iran Will Be Ready Very Soon Trump: Inflation is way down.

He’s not quite at the level of obscurity of former Federal Reserve Chairman Alan Greenspan, but new Fed chief Kevin Warsh has settled on a few phrases that are notable for their repetition and lack of clarity. In five public appearances, starting with his nomination hearing in April, through his first press conference, roundtable in Portugal and two ...

Marietta, GA

With Section 122's flat 10% tariff expiring on 24 July, the switch to Section 301 and Section 338 tariffs will send the US average import tariff back above 2025's IEEPA-era level to 12.4%, up from a May low of 7.7%. And this time it should stick: Section 301 requires formal USTR investigations and is far harder to challenge in court. History shows these ...

Nvidia's whole trajectory hinged on a single early bet placed when it was 30 days from running out of cash. In 1995 a $5 million cheque from Sega kept a near-bankrupt chipmaker alive. That company now trades near record highs, valued around $5 trillion. The lesson is not that Nvidia is huge today. It is that the biggest returns come from backing something ...

Iran's Top Negotiator Qalibaf: If Our Security Is Not Ensured, No Infrastructure Will Be Safe, And The Security Of The Strait Lies In The Absence Of American Forces - We Have Said Many Times That The Situation In The Strait Will Not Return To The Way It Was Before The War

The last two trading sessions have been important for gold. The precious metal has gained more than 3.5% during this period, showing renewed short-term bullish momentum. For now, buying pressure has held as new tensions in the Middle East continue to support demand for safe-haven assets. This dynamic could be favoring stronger demand for gold and, if it ...

The latest UK inflation data for June is welcome news for the Bank of England hawks, who worry that the energy crisis risks morphing into a long-lasting bout of price pressure. Yes, at 2.6%, June’s core CPI data was a tad above consensus. It looks like 'chipflation' has washed up on UK shores; portable device prices spiked by 22% month-on-month, the biggest ...

Italian authorities seized roughly 1,700 pounds of cocaine hidden among pallets of bananas at a major port, officials said Tuesday. The drugs were divided into 650 packages and “skillfully concealed” inside a refrigerated shipping container that arrived at the port of Vado Ligure from one of Ecuador’s main ports, according to Italy’s Guardia di Finanza. A ...

Oil prices are spiking to 6-week highs as Saudi tankers change course in the Red Sea - how high could they run from here? FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, WTI Crude Oil.

STARTRADER today announced the launch of 42 new 24/5 US Stock CFDs and confirmed 43 new 24/7 US Stock CFDs from 27 July 2026, giving clients direct access to 85 widely traded names. The 24/5 range spans technology, energy, healthcare, finance, and industrials, covering Boeing, SpaceX, Mastercard, and Palo Alto Networks across themes including defence ...