Forex News

CENTCOM: "U.S. forces completed self-defense strikes against Iran...in response to yesterday’s downing of a U.S. Army Apache helicopter. The forces struck Iranian air defense, ground control stations, and surveillance radar sites near the Strait of Hormuz with precision munitions…

Markets have all but settled on the Bank of Japan raising rates by 25 basis points to 1% next week, with overnight index swaps pricing around 50 basis points of tightening in total this year. But the real question is what the BOJ decides to do with the pace of quantitative tightening after Nikkei reported policymakers are considering slowing or even pausing ...

Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity. The move by Kalshi marks a shift toward building institutional-grade infrastructure, as it seeks to address ...

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Crypto markets are gripped with extreme fear, while stocks from Seoul to Tokyo have been hit by a broad risk-off selloff. At the same time, prediction markets are offering a real-time look at how traders are pricing everything from Bitcoin downside risk to geopolitical escalation. A look across major prediction markets suggests traders expect market ...

The US dollar index (DXY) is consolidating just below its May high ahead of the latest US CPI report, with inflation data set to determine whether the greenback can extend its rally. While the broader bias remains supportive of a stronger dollar, major FX pairs are sending mixed technical signals as traders assess the outlook for Fed policy, inflation and ...

*IRAN FOREIGN MINISTER ARAGHCHI: ARMED FORCES WILL NOT LEAVE ANY U.S. ATTACK UNANSWERED, WARNS U.S. TO LEAVE REGION IRAN'S FOREIGN MINISTER ON X: DESPITE ITS DEFEATS ON THE BATTLEFIELD, THE U.S. OPTED TO TEST OUR DETERMINATION

The US Dollar to Yen (USD/JPY) exchange rate remains close to multi-decade highs and is trading around 160.20 after repeatedly testing the 160 level over recent weeks. Citi expects USD/JPY to remain elevated in the short term but continues to forecast a move lower towards 155 by the end of the year. The bank believes the 160 area should act as an effective ...

TRUMP SAYS RESPONSE TO IRAN IS ‘VERY STRONG, VERY POWERFUL’: ABC

U.S. Central Command (CENTCOM) forces began launching self-defense strikes against Iran, at 5 p.m. ET today at the Commander in Chief’s direction, in response to yesterday’s downing of a U.S. Army Apache helicopter. The mission is a proportional response to unjustified Iranian… US MILITARY: STRIKES IN RESPONSE TO YESTERDAY'S DOWNING OF A U.S. ARMY APACHE HELICOPTER

A new trading week begins, and one of the factors that continues to stand out is the neutrality of the Japanese yen. Japan’s currency has struggled to recover consistent short-term appeal, something reflected in USD/JPY price action, with the pair moving around 0.1% over the last two sessions near the reference area of 160 yen per dollar. This phase of ...

API: Crude: -9.119M Cushing: -1.125M Gasoline: -1.191M Distillates: +1.316M

Real Madrid says city rival Atletico Madrid has rejected an offer of 150 million euros ($173 million) for Argentina forward Julián Álvarez. The offer was part of the campaign promises made by Real Madrid President Florentino Pérez, ahead of his re-election on Sunday. The 15-time European champion said that, “After reviewing and evaluating the offer, Club ...

US VP VANCE SAYS IRAN DEAL COULD ARRIVE WITHIN A WEEK OR TAKE MONTHS, BUT WILL DEFINITELY BE REACHED BEFORE MIDTERMS.

BREAKING: Iran's Deputy FM says country did not deliberately target US helicopter LIVE updates: pic.twitter.com/NgGJDMB3Jd

The $31 trillion Treasury market has an unequivocal message for Kevin Warsh’s Federal Reserve: Interest rates aren’t high enough. Yields on policy-sensitive US two-year notes have surged to their highest level in more than a year after a trove of economic data led traders to price in at least one quarter-point rate hike as soon as October. At around 4.15%, ...

The Paris Criminal Court convicted global payments company Worldpay in a trading scam case on Tuesday, fining it €200,000 ($230,920), French media reported. The case centered on fraudulent online foreign exchange investment schemes between 2011 and 2014, in which savers were lured with promises of high returns before their money was diverted through ...

Iran’s Foreign Minister Araghchi: Foreign forces in proximity to our territory are at constant risk on account of their own human errors, plain accidents, or potentially being caught in crossfire - Post on X Iran’s Foreign Minister Araghchi: Armed forces are on alert for airspace violation.

Goldman Sachs Research doesn’t expect the Federal Reserve to lower rates until 2027. David Mericle, chief US economist, has pushed his projection for the final two rate cuts in this cycle to June and December 2027 (from December 2026 and March 2027 previously). US economic activity and labor market data “have been stronger than we anticipated in recent ...

US And Iran Zero In On Four Nuclear Issues In Talks – @nytimes *US BELIEVES IRAN TO SETTLE ON 15-YR ENRICHMENT SUSPENSION: NYT US-IRAN NUCLEAR TALKS NEAR FRAMEWORK DEAL The U.S. and Iran are reportedly narrowing differences on four key issues: a 15-year halt to uranium enrichment, dilution of Iran’s enriched uranium stockpile, dismantling most nuclear facilities, and expanded international inspections.…

One of my biggest peeves is that the popular narrative on places like China, Russia and Iran tends to be much too positive compared to what’s really going on. Just think back to the height of the US tariff stand-off with China this time last year. China was invariably portrayed as having the upper hand in that confrontation, something that I push back on ...

Iranian drone hit the US helicopter and got it to crash, the US investigation hasn't determined if it was intentional - Axios

I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz. There were two pilots involved, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack. Thank you for your attention to this matter! President DONALD J. TRUMP

Canada's merchandise trade surplus widened to $2.7 billion in April from $1.8 billion in the prior month (unrevised). That marks back-to-back months in surplus, with April's reading the largest since the start of 2025. Of course, the spike in oil prices is doing the heavy lifting here. Exports rose 1.6% in April after popping more than 10% in the prior ...

The US trade deficit narrowed in April as a surge in oil exports helped offset ongoing increases in imports of equipment powering the data center buildout. The gap in goods and services trade shrank 1.2% from the prior month to $55.9 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a $56.1 ...

Markets are currently fully pricing in a rate hike in the eurozone, with a 97% chance of a quarter-point hike, alongside a 3% likelihood of a half-point rate rise, when the bank's governing council meets on Thursday. According to data collected by the London Stock Exchange Group, traders are at present expecting the ECB to raise rates about three times. An ...

Existing-home sales increased by 3.2% month-over-month and year-over-year, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. Month-over-month sales increased in the Northeast, Midwest ...

Wholesale inventories in the United States increased by 0.6% in April compared to the revised March reading, reaching $940.3 billion, the Census Bureau said in its report published on Tuesday. Year-over-year, the figure was up by 3.6%. Sales of merchant wholesalers, adjusted for seasonal variations and trading-day differences but not for price changes, ...

#OOTT | White House official to Al Arabiya TV: Talks on a deal to prevent Iran from possessing nuclear weapons have yielded positive results

Gold traded in a tight band in early Europe on Tuesday, holding close to its lowest level since 23 March after the US dollar eased from an over two-month high. Iran and Israel said on Monday they had halted attacks on each other following an appeal from US President Donald Trump, a development that lent some support to bullion, although markets remained ...