Forex News

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

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 ...