Forex News

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

Markets enter July with a ceasefire that nobody quite trusts. The 60-day de-escalation between Washington and Tehran has done its job on paper, traffic in the Strait of Hormuz has increased markedly. Oil has responded accordingly, with August WTI down more than 30% from its May 18 peak of over $100 a barrel. It reached around $69 compared with a little ...

Adam Martin remembers taking boxes of Panini stickers and their accompanying World Cup albums to a Formula 1 race in May, shortly after his collectibles shop had received a shipment and long before the tournament was to begin. The idea was to give them to friends with kids. But what happened next surprised him. “When I walked in with this box of cards,” ...

Britain is not suffering a political crisis. It is suffering an identity crisis — a recurring failure to agree on what the country fundamentally is and who it is for. The market consequences are already visible: the pound is 12% below its pre-referendum level, gilt yields carry a 150-point premium above Germany, and the wealth exodus is accelerating — more ...

The International Monetary Fund's chief economist on Friday said Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance on monetary policy was "entirely appropriate," although central banks would always need to provide some long-term guidance for markets. Pierre-Olivier Gourinchas, who leaves his post to return to academic life next week, ...

Iran launched a drone attack against Bahrain early Saturday, hours after the U.S. military carried out strikes on Iranian military sites. Bahrain, which hosts the U.S. Navy’s Fifth Fleet, said it was attacked by a number of Iranian drones and condemned the latest strikes as a blatant violation of its sovereignty. It accused Tehran of “destabilizing ...

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