Forex News

USD/JPY has become a range-driven tactical trade, with buyers and sellers both finding opportunities as the pair swings inside an established band. Over the last six months, the pair has largely traded between roughly 152.50 and 160.50. Rallies toward the upper end have revived the risk of Japanese intervention, while pullbacks have continued to attract ...

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece. The ...

Commenting on the factors behind the Monetary Policy Council’s decision, central bank governor Adam Glapinski noted that inflation declined to 3.1% year-on-year in May and remains within the range of acceptable deviations from the target. Inflation is being pushed up by higher fuel prices, reflecting the rise in oil prices in response to the conflict in the ...

Fed's Logan: Current monetary policy looks neutral or loose. Fed's Logan: Need mildly restrictive policy.

We’re currently in the third big panic over oil prices. The first one was in March, right when I did my first post pushing back on the ubiquitous view that oil prices needed to rise a lot further. Brent was up 80 percent from before the war at the time. My post did simple, back-of-the-envelope calculations to show this more than fully priced Strait of ...

TRUMP: TRYING TO SEPARATE ISSUE OF OPENING HORMUZ STRAIT AND HOSTILITIES IN LEBANON Trump: Hormuz would open quickly when an MOU is signed. *TRUMP: HORMUZ WILL OPEN WHEN MOU SIGNED TRUMP: US WILL DIG OUT NUCLEAR MATERIAL IN IRAN IN NEAR FUTURE *TRUMP: DON'T THINK THERE ARE ANY MINES IN STRAIT OF HORMUZ

Trump on Iran: We could go another two to three weeks. *TRUMP: WE'VE BEEN HITTING IRAN PRETTY HARD Trump: Anything can happen when you are dealing with Iran. *TRUMP ON IRAN NEGOTIATION: COULD HAPPEN OVER THE WEEKEND TRUMP ON IRAN: THEY ARE CLOSE TO SIGNING PAPERS

Good afternoon. Thank you, Arturo [Barrio], for the generous introduction. It’s great to be back here. In my travels, I have many opportunities to thank people for welcoming me to their communities, and the welcome is never warmer than in El Paso. But I want to turn the tables today and welcome Arturo to the Dallas Fed. Our regional executives build the relationships that connect the Federal Reserve to the communities we serve. Those relationships help policymakers like me understand the economy. Equally, those relationships afford all of you the opportunity to help shape the Fed’s work. I’m so pleased to have a leader of Arturo’s caliber filling this role. And I’m delighted that Roberto Coronado, who preceded Arturo as regional executive, will remain in El Paso. Roberto will continue to connect with the community here while bringing his leadership acumen to broader responsibilities as head of community engagement and development throughout the Dallas Fed’s district. It’s wonderful to see so many special guests, including current and former board members of the Dallas Fed and our El Paso branch. And I’m honored to share the stage with a distinguished public servant, UTEP’s president, Heather Wilson. Dialogues like the one we’re having this afternoon are at the heart of the Fed’s mission. The Federal Reserve System is our nation’s central bank, but it is a decentralized institution. The system includes the Board of Governors in Washington and 12 Reserve Banks serving districts around the country. The Reserve Banks, in turn, have an additional 24 branch offices. I’m proud to say the Dallas Fed’s El Paso branch is believed to be the v FED'S LOGAN SAID SHE IS INCREASINGLY CONCERNED THAT HIGHER INTEREST RATES MAY BE NEEDED LATER THIS YEAR, CITING INFLATION'S SLOW RETURN TO THE FED'S 2% TARGET.

Another better-than-expected headline figure… this time it was the U.S. ISM Services PMI, which climbed 0.9 pts to 54.5. The gauge has now held in the expansion zone (above 50) for almost two years. Business activity climbed for a second straight month to 57.7, pointing to stronger demand and higher output. Meantime, new orders jumped to 57.3, suggesting ...

Monetary compensation key sticking point in Iran deal - CNN

Economic activity increased at a "slight to moderate" pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change, according to the latest Fed Beige Book. The just released Beige Book - prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 27, ...

The Trump administration made what could be the first in a steady drumbeat of tariff news, announcing plans for a 10% tariff on top allies like the European Union and Canada and a 12.5% rate on other nations, including China. The release from Trump’s trade representative on Tuesday evening said that 59 countries and the 27 member states of the EU had failed ...

*ARAGHCHI SAYS NO TANGIBLE PROGRESS MADE IN US TALKS: TASNIM Iran's Foreign Minister: Our contacts with the US have not been cut off, but no progress has been made in negotiations - Al Mayadeen. IRAN'S FOREIGN MINISTER ARAGHCHI: RETURNING TO THE NEGOTIATING TABLE IS CONDITIONAL UPON SECURING THE RIGHTS OF THE IRANIAN PEOPLE, ENDING THE CONFLICT IN LEBANON, AND HALTING TENSIONS IN THE REGION

As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation ...

Economic activity increased at a slight to moderate pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change. Consumer spending remained mixed across Districts and increasingly bifurcated across income groups amid affordability pressures. Higher-income households remained resilient and less sensitive to price increase, while middle-income households were described as “squeezing more life out of every dollar before deciding to spend it,” and low-income consumers showed greater financial strain. Overall, there were reports of increased credit card usage, fewer retail visits, and stronger demand for necessities. Auto dealers reported softer new vehicle demand tied to affordability and fuel costs, alongside substitution toward used and hybrid vehicles. By contrast, manufacturing activity increased at a modest to strong pace for nine of the Districts and only one noted a slight decline from the previous period. Banking conditions were stable across most Districts; however, residential mortgages, consumer, and agricultural loan delinquencies were noted as rising in several of the Districts. Agriculture conditions were unchanged or declined for most of the Districts, with cost pressures intensifying from fuel and fertilizer spikes. Energy activity increased in two of the markets, but Districts reported that the outlook remains highly uncertain leading producers to hold off on materially expanding activity. More broadly, business outlooks for the next six months were reported to have little change in anticipated growth, as elevated uncertainty and signs of weakening consumer spending weighed on sentiment. FED BEIGE BOOK: U.S. ECONOMIC ACTIVITY EXPANDED AT A SLIGHT TO MODERATE PACE ACROSS MOST FED DISTRICTS, THOUGH ELEVATED UNCERTAINTY AND SIGNS OF SOFTENING CONSUMER SPENDING CONTINUED TO WEIGH ON BUSINESS SENTIMENT. FED BEIGE BOOK: INFLATION PRESSURES STRENGTHENED, WITH MOST DISTRICTS REPORTING HIGHER PRICE GROWTH THAN IN THE PRIOR REPORT, WHILE EMPLOYMENT REMAINED LARGELY FLAT ACROSS THE COUNTRY.

Moneta Markets has announced the launch of SpaceX CFD trading, with SPCXUSD now available to clients on MetaTrader 5 and the Moneta Markets AppTrader platform. SpaceX is one of the world’s most closely followed technology and space exploration companies. Through SPCXUSD CFDs, Moneta Markets clients can trade price movements linked to SpaceX, taking either ...

Iran Outlines 4-Stage Deal Plan With US - Fars pic.twitter.com/Rlhih5wAuG IRAN'S FARS NEWS AGENCY CITING MEMBER OF MEDIA TEAM IN TEHRAN'S NEGOTIATING TEAM: TALKS ARE STILL ONGOING, AND NO FINAL DECISION HAS BEEN MADE The reason that the first phase of the Islamabad talks were not successful is Iran's refusal to enter into nuclear negotiations - Iran's Fars, citing a member of the media team in Tehran's negotiating team We will not enter into an agreement in which Lebanon is ignored - Iran's Fars, citing a member of the media team in the Tehran negotiating team

USD/JPY has extended its recovery from the May lows and is now approaching a major resistance zone near the yearly highs. While the broader technical outlook remains constructive, traders are once again nearing levels that have historically attracted the attention of Japanese officials. This leaves the pair at a critical juncture, where the clash between ...

Anything but a rate hike at the 11 June ECB meeting would be a big surprise. The ECB is not facing a textbook case of de-anchoring inflation expectations (yet) but rather the expected scenario of increasing actual headline inflation, with higher energy prices showing knock-on effects on other parts of the economy. At the same time, however, actual headline ...

Iran’s Foreign Minister Araghchi: Any hostile act will be met with an immediate, decisive response. IRAN'S FOREIGN MINISTER ARAGHCHI: OUR ARMED FORCES ARE CONDUCTING SELF-DEFENSE STRIKES ON SITES THE U.S. IS PERMITTED TO USE TO ATTACK CIVILIAN SHIPPING AND VIOLATE THE CEASEFIRE.

easyMarkets has announced the launch of its new MT5 trading experiences, introducing three account types designed to provide traders with greater flexibility, personalised support, and access to tailored trading benefits. Launched under the campaign theme “Your Trading. Your Level.”, the new offering aims to create a more customised trading experience by ...

US GRANTS EU, UK, SOUTH KOREA, AND OTHERS EXEMPTIONS FROM METAL TARIFFS. NEW US TARIFFS ON COPPER, STEEL, AND ALUMINUM WILL BEGIN ON JUNE 8 AT 12:01 AM. US: New metals tariffs to last until December 31st, 2027.

EUR/DKK traded to a fresh historic high of 7.4739 in May, and has since edged up to 7.4742, while Denmark’s central bank refrained from intervening in the FX market. The report frames the bank as tolerating upward pressure for now but as likely to act to cap the currency pair if the move persists. It also keeps the probability low of a unilateral Danish ...

US Secretary of State Rubio: US forces protecting commercial ships transiting Hormuz. US Secretary of State Rubio: Iran responding to Hormuz transits with regional attacks.

BESSENT PREDICTS INFLATION WILL BE A 'TEMPORARY ISSUE.' BESSENT SAYS AMERICANS ARE FACING TOUGH TIMES BUT SHOULD OVERCOME THEM.

Commercial crude oil inventories in the United States, not taking into account those in the Strategic Petroleum Reserve (SPR), declined by 8 million barrels to 433.7 million barrels in the week ending May 29, the Energy Information Administration (EIA) revealed in its report on Wednesday. The crude oil refinery inputs averaged 16.9 million barrels per day ...

The US and Iran exchanged "peace keeping" military strikes and tariffs look likely to continue undisrupted, driving the US dollar to the top of the currency relative strength charts today. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the ...

ISRAEL'S NETANYAHU: TRUMP AND I AGREE ON THE MAIN THINGS REGARDING IRAN -CNBC NETANYAHU: SOMETIMES WE HAVE TACTICAL DISAGREEMENTS BUT WE WORK THEM OUT NETANYAHU: RELATIONSHIP WITH TRUMP HASN'T SHIFTED NETANYAHU: TRUMP HAS BEEN 'GREATEST FRIEND' ISRAEL HAS HAD IN WHITE HOUSE NETANYAHU ON CNBC: NEED WAY TO GET OUT NUCLEAR MATERIAL FROM IRAN

New orders for manufactured goods in the United States stood at $662.7 billion in April, rising 4.8% month-over-month, data from the US Census Bureau showed on Wednesday. Shipments increased by 1% or $6.3 billion compared to March, landing at $641 billion, while unfilled orders improved by 1.7% or $26.8 billion to $1.5 trillion. Inventories amounted to ...

Fed's Williams: Higher energy prices are driving up costs and inflation - Yahoo. FED'S WILLIAMS STATES THAT THE ECONOMY IS GROWING STRONGLY AT AROUND 2% AND THE JOB MARKET IS NOW STABLE. FED'S WILLIAMS SAYS INFLATION HAS INCREASED "SIGNIFICANTLY." Fed's Williams: Inflation likely to peak in coming months Fed’s Williams: Inflation increased significantly Fed's Williams: Right now, I'm not worried about persistent inflation *WILLIAMS: DON'T SEE AN OBVIOUS DIRECTION FOR FUTURE RATES *WILLIAMS: DON'T SEE THE NEED TO RAISE OR LOWER RATES RIGHT NOW