Forex News

Israeli forces triggered explosion in southern Lebanon overnight, state media report

Real (price adjusted) new orders in manufacturing were up 1.9% in May 2026 month on month after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). When large-scale orders are excluded, new orders were 1.0% higher than in the previous month. The less volatile three-month on three-month comparison ...

Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by ​the Federal Reserve. Spot gold was steady at $4,175.02 per ounce by 0028 GMT, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. US gold futures for ...

Australia’s TD Securities–Melbourne Institute inflation gauge fell 0.4% month on month in June, extending the pace of decline from a 0.3% fall in the previous reading. The data point suggests a slightly faster contraction in the gauge over the latest month. The release compares June’s -0.4% outcome with the prior month’s -0.3%, indicating a 0.1 percentage ...

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent ...

US equities extended their rebound as sector rotation continued to broaden. The S&P 500 gained 1.8% and the Dow rose 2.0% to a fresh record, while the tech-heavy Nasdaq 100 lagged at 0.7%, reflecting the cyclical and defensive tilt of the advance. Federal disclosures showing President Trump's personal stock holdings drove sharp moves in Axon which surged ...

The U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next. The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351. The dollar index ...

The ANZ World Commodity Price Index fell 1.0% m/m in June. As tensions eased in the Middle East and the Strait of Hormuz began reopening, oil prices have fallen. While oil is not part of our Commodity Price Index, it does influence trends across many commodities. As it happened, all components of our index fell except meat and fibre. The meat and fibre ...

Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%. The weekly high reached $4,195.51. Gold sold off early in the week before Thursday’s June payrolls data reversed the action and produced the first weekly gain in about a month. Gold has been selling since the January highs with inflation fears and a hawkish Fed keeping ...

ASB economists say the worst may be mostly over for the New Zealand economy. They have released their updated economic forecasts for the quarter, and say easing oil prices are helping to improve the outlook and reduce the risk that the country is in for another prolonged inflation shock. They said the outlook had improved "markedly" in recent months and had ...

AUD/USD finally snapped its four-week losing streak, but the recovery has done little to alter the broader technical picture. With resistance clustered just below 0.7000 and a quiet Australian calendar shifting attention to US data and the FOMC minutes, traders may need a fresh catalyst before the next meaningful move develops. Looking through the charts ...

Eye-watering World Cup prices haven’t stopped soccer fans from around the world from opening their wallets. As of July 2, some of the best resale seats for marquee knockout matches were listed for roughly $20,000 on StubHub. Many upper-level resale seats were listed for around $5,000. But tickets are just one part of the cost. Add airfare, hotels, rental ...

In recent months one of the more frequent questions in FX trading has been the relentless collapse in the yen, which recently sank below a 40 year low despite rate differentials stubbornly headed in the opposite direction, and is increasingly flirting with levels which on previous occasions always prompted BOJ intervention. chart Among the reasons cited ...

Despite the World Cup and a shortened week due to the US Independence Day holiday, last week delivered a slew of interesting economic data and market action. The overarching themes were a cooling of the US labor market, which helped moderate recent rate-hike fears, mixed legal judgments regarding the outlook for Federal Reserve independence, and further ...

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling amid the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on ...

Oil prices have fallen back to where they were before the war. That in and of itself is remarkable - we’ve blown right through the $80-90 range I’d anticipated as a holding point for at least a few weeks - and stems from the incredibly rapid normalization of oil tanker traffic through the Strait of Hormuz. Factoring in Saudi and UAE pipelines, supply of oil ...

The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2026, to review global market conditions and outlook. In their collective commitment to support oil market stability, the seven participating ...

Bank economists are split on whether the Reserve Bank (RBNZ) will raise the Official Cash Rate (OCR) on Wednesday or hit the pause button for the fourth review in a row. The July Monetary Policy Review (MPR) is out on Wednesday, July 8, with the RBNZ to reveal if its Monetary Policy Committee (MPC) has decided to increase, hold or cut the OCR. The OCR is ...

The US Dollar has regained momentum in recent sessions, with EUR/USD slipping back below 1.1450 as investors responded to a more hawkish Federal Reserve and renewed geopolitical uncertainty. Julius Baer believes the Dollar remains well supported in the near term, underpinned by monetary policy, geopolitical tensions and continued demand for US assets. The ...

The June jobs report is worse than many people realize. Meanwhile, the campaign is gathering steam to get the Federal Reserve to switch to a new, lower inflation rate - so that new Chair Kevin Warsh can please the president and start cutting interest rates before the midterm elections. Both of those things are bullish for bonds, which have been lying on the ...

Federal Reserve Chairman Kevin Warsh made his first appearance on the international stage this week at the European Central Bank’s annual symposium in Sintra, Portugal. Joining the heads of the European Central Bank, the Bank of England and the Bank of Canada on a panel moderated by CNBC’s Sara Eisen, Warsh had an opportunity to explain how the world’s most ...

Trump to Axios: We and the Iranians have decided to take a week-long break from the talks until the funeral ceremonies conclude Trump to Axios: Neither side will fire on the other during the period of Khamenei's funeral procession Trump to Axios: The Iranians are begging to strike a deal

The combination of soft disappointing US data, which culminated in a jobs report on July 2 that showed half the jobs growth that was expected and the continued decline in oil prices, recognized by Fed Chair Warsh in Sintra that inflation expectations have eased recently, took the steam from US short-term rates and the greenback. The two-year US yield ...

Thursday's abrupt decline in USD/JPY reignited speculation that the Bank of Japan may have stepped into the market on behalf of Japan's Ministry of Finance. Whether that was the case remains unclear, but it's plausible the move reflected a combination of other factors, including a well-timed Reuters report suggesting Japanese authorities may be looking to ...

The euro area outlook suddenly looks a bit less stagflationary. Against a backdrop of sharp retracement in crude oil prices, the recent data flow points to a degree of economic resilience and limited signs of broadening inflation pressures. On inflation, the headline rate eased from 3.2% to 2.8% Y/Y in the flash estimate for June, comfortably below the ...

The Bank of Japan started quantitative tightening late in the game, and only reluctantly, after the yen had plunged against other currencies and couldn’t find a bottom. But since the BOJ started QT in late 2024, it has proceeded at a solid pace that accelerated as it went. The plunge of the yen – 53% against the US dollar since the beginning of 2012 – ...

video Steven Blitz is a veteran Federal Reserve watcher and chief U.S. economist at Global Data TS Lombard, where he specializes in macroeconomic analysis and alternative investments. Now, as Steve joins me to dissect the June jobs report, where the payroll rise was a much weaker than expected, 57,000 workers, he still forecasts an eventual Fed rate hike ...

As the U.S. celebrates its 250th birthday, here are eight economic reasons to light up the sky. Sturdy economy: Growing 2.7% in the past year to Q1, U.S. real GDP is not only the strongest since 2024, it is also vastly outperforming its long-run potential and every other G7 nation. Accelerating productivity: Underpinning both near- and long-term economic ...

The European Securities and Markets Authority (ESMA) issued a public statement on 3 July reminding firms that products marketed as "event contracts" may still be subject to the bloc's long-standing prohibition on binary options for retail clients, regardless of their commercial branding. The statement, addressed to both firms and national competent ...

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities may be less predictable in how they intervene to support the currency. One-week dollar-yen risk reversals have become more negative recently, signaling greater demand for yen call options relative to dollar ...