Forex News

The U.S. dollar was on the defensive on Monday but remained on track for its biggest monthly gain in nearly a year, due to tension in the Gulf and ahead of jobs data that could shape the Federal Reserve's rate path. The U.S. and Iran traded fresh barbs over the weekend before they agreed to stop tit-for-tat attacks and meet in Qatar on Tuesday, leaving ...

Many investors believe that Kevin Warsh will quickly reshape the Federal Reserve. They worry that the changes will do more to please the Administration than to improve monetary policymaking. That concern is understandable. Warsh is a Trump appointment and investors worry that he is too close to the Administration. He is also not a professional economist, ...

A great deal has changed since early May, when we last reviewed our forecasts for both the global and domestic economies – more than financial markets appear to have fully appreciated, judging by the continued pricing of an RBNZ rate hike at next month’s policy review. At the centre of these developments has been the unexpectedly rapid progress in reducing ...

Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of this year. The likes of JPMorgan Chase & Co., Morgan Stanley and Bank of New York Mellon Corp. think the common currency could slide over 3% to hit $1.10 in the next year. It's already slumped this month to a one-year ...

AUD/USD has posted its longest weekly losing streak in 15 months, yet several indicators suggest bearish momentum may be fading. While the RBA retains a tightening bias and the US dollar remains well supported, futures positioning, options markets, yield spreads and key technical levels all point to growing risks of a corrective bounce in the Australian ...

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Thank you for coming to the Reserve Bank of Australia (RBA). I would like to acknowledge the Gadigal People of the Eora Nation, the traditional owners of the land we meet on. I pay my respects to their Elders past and present and extend that respect to all First Nations peoples present. Today I’ll discuss the Monetary Policy Board’s (MPB’s) new Framework ...

Most investors think in fiat terms — what’s the IRR in dollars, what’s the EBITDA multiple. That’s measuring real assets with a rubber ruler. The better question is: What is this stake worth in hard asset terms, and what hard asset exposure does it give me per unit of fiat deployed? Fiat currency is a liability of a central bank. It has no intrinsic floor. ...

When President Richard Nixon announced on 15 August 1971 that the United States would suspend the convertibility of the dollar into gold, most observers understood that an important monetary arrangement had come to an end. The collapse of Bretton Woods did not instantly give birth to the petrodollar. Between 1971 and the middle of the decade there existed a ...

NASA is racing to save an aging telescope from falling back to Earth with a daring rescue mission. The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver. NASA hired startup Katalyst Space Technologies to boost the Swift Observatory to a higher orbit where it can continue hunting for some of the ...

BREAKING: U.S. and Iran agree to halt strikes and meet this week, U.S. officials tell me. My story on @axios

Global investors this week drove the dollar to its highest value in more than a year, as the appeal of the U.S. artificial intelligence boom and the prospect of higher interest rates eclipsed doubts about President Donald Trump’s erratic policymaking. The greenback’s more than 5 percent gain since the end of January has quieted — for now — talk of the “Sell ...

Who is behind the launch of new Dubai based CFDs broker MultiFi? Which former CFDs industry executives are launching UK consumer investing startup Beat Money? Who is backing prop firm TradersYard with additional funding? Which leading online broker is entering the South Africa market, with two new licenses? What new homes and roles were landed by the former ...

We’re learning - with a lag - how countries in Asia navigated the oil shock. Countries with large stockpiles of oil allowed their imports of crude to fall, sitting out the shock on the reasonable expectation that the war would end soon. This describes China, but also lots of other countries in the region, including Japan and South Korea. The major outlier ...

The gold market has gapped lower to kick off the previous week, and quite frankly, I think we are going to continue to see a lot of volatility here. All things being equal, this is a market that is likely to see a lot of volatility. chart The $4,000 level, I think, continues to be support, and as long as we can stay above there, I think we have a ...

Spot gold has undergone a sharp 29% correction after peaking at an all-time high of $5,589/oz in January 2026. It breached the psychologically significant $4,000 mark in late June, finding dynamic short-term support in the $3,960–$3,970 range before experiencing a minor relief bounce to around $4,050/oz. The primary culprit behind gold’s multi-month slide ...

The EUR/USD remains under pressure and depending on viewpoint can justifiably be claimed to be within a fair market range. The Forex market is always right; the trader is frequently wrong. Speculators who simply say the EUR/USD has been oversold may be correct over the mid-term, but for the moment bearish headwinds have certainly taken hold. Narrative ...

The US Dollar has rallied strongly this month as investors sought safety amid geopolitical tensions and priced in a more hawkish Federal Reserve. Julius Baer believes these factors should continue to support the Dollar in the short term, but warns that the longer-term outlook is becoming less favourable. The bank argues that the current rally has been ...

U.S. online shoppers clawed for deals on electronics, appliances, items for children and everyday essentials during Amazon.com’s annual sales event Prime Day, spending more than $26.4 billion from June 23 through June 26, according to data firm Adobe Analytics. The multibillion-dollar spend marks a 9.3% year-over-year increase that retail experts attribute ...

Every Friday night, the Republican mayor of Aurora, Colo. trades his office for a cot at the local homeless shelter — and he’s been doing it for months. Mike Coffman, 71, sleeps at the Aurora Regional Navigation Campus in his town that borders Denver — so he can better empathize with the challenges homeless people face — before helping serve breakfast on ...

Profits at China’s industrial firms grew more slowly though still at a double-digit pace in May, highlighting a widening divide in an economy leaning on factory output and overseas shipments to counter soft domestic demand. Economic growth remains fragile, hobbled by a prolonged property downturn and deep structural imbalances that continue to weigh on ...

The Pound has held up better than many expected in recent weeks despite political upheaval in the UK and the conflict in the Middle East, with UBS arguing that supportive fundamentals continue to underpin Sterling. GBP/USD traded near 1.3200, while EUR/GBP remained around 0.8670, close to the middle of this year's trading range. UBS says the Pound's ...

Member of the European Central Bank (ECB) Executive Board Isabel Schnabel warned on Saturday that pressures on inflation in the Eurozone could turn out to be higher than expected even after the United States and Iran signed the memorandum of understanding (MoU), reopening the Strait of Hormuz. Speaking at a panel discussion in Koenigswinter, Germany, ...

Iran launches multiple missiles and drones toward neighboring nations, including Bahrain and Kuwait: U.S. official *US OFFICIAL SAYS NO REPORTED US CASUALTIES AT THIS TIME: AXIOS *NO MAJOR DAMAGE REPORT FROM IRAN STRIKE:US OFFICIAL TELLS AXIOS

The US military said it struck Iran again, hours after a tanker was hit in the Strait of Hormuz, in the worst escalation since the two sides signed an interim peace deal two weeks ago. Each of the warring sides has accused the other of violating the agreement reached two weeks ago to end the four-month-old conflict. "There may come a point when we are no ...

In March, Beijing approved its new five-year plan, the document that sets China’s economic course through 2030. For the first time, it includes a full chapter on the country’s shrinking population under a slogan the leadership now repeats: “invest in people.” Xi Jinping has finally acknowledged that China is running out of children. But he has not put money ...

United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN! It is very possible that they will never learn! There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started. If that happens, the Islamic Republic of Iran will no longer exist! President DJT

EUR/USD is starting to offer the kind of setup traders often look for: a beaten-down price, a nearby support zone, and enough upside room to make the risk/reward worth a closer look. After slipping below 1.1500 on June 17, the pair is trading around 1.1430—just above its 52-week low near 1.1395. That is what makes the setup interesting. EUR/USD has already ...

The U.S. military is conducting strikes on Iranian targets in the area of the strait of Hormuz in retaliation for Iranian attack this morning on a commercial tanker, U.S. official says EXPLOSIONS HEARD IN IRAN'S SIRIK, IRAN'S STATE BROADCASTER IRIB SAYS CENTCOM says it launched more strikes in Iran "After yesterday’s U.S. strikes in response to the Iranian attack on M/V Ever Lovely, Iran was given a chance to honor the ceasefire agreement but elected not to when its forces launched a one-way attack drone..." this morning