Forex News

It’s officially “Chairman” Kevin Warsh, not “chair.” The Federal Reserve website now lists Warsh as “chairman,” not “chair,” reversing the past 12 years when his predecessors Janet Yellen and Jerome Powell both chose to be called “chair.” Before Yellen, the term “chairman” was used exclusively. No law or regulation governs what a chair is called, leaving it ...

President Donald Trump on Friday said U.S. forces carried out a ⁠strike that killed Hector Rusthenford Guerrero Flores, also known as Niño Guerrero, the leader of Venezuelan prison ​gang Tren de Aragua. “At ​my direction, the ​United States Southern Command delivered a swift and lethal kinetic strike to successfully execute Nino Guerrero the infamous leader ...

The United States and Iran have agreed on a framework for a peace deal after more than three months of war and are expected to sign the initial agreement in the next 24 hours, Pakistani Prime Minister Shehbaz Sharif said on Saturday. Sharif, whose country has been mediating in the war, said Pakistan was preparing for an electronic signing that would be ...

The story of modern Asia can be told through a single economic handoff. For decades, Japan was the region’s dominant economic power and one of the world’s most influential economies. But while Japan’s growth slowed after the collapse of its asset bubble, China embarked on an expansion that reshaped global trade, manufacturing, and investment. This graphic ...

Long-suffering readers will know that, in my occasional bid to prove I’m still young – and definitely not edging towards a midlife crisis – I like to talk in memes. And this week’s ECB meeting got me thinking about that one of a skeleton sat patiently on a park bench. Because that’s roughly how old I’ll be when this week’s rate hike fully feeds through to ...

When Russia invaded Ukraine over four years ago, the West quickly imposed export controls to prevent sensitive goods from going to Moscow. Right around then, exports from the EU to all kinds of unlikely places started exploding, including to Kyrgyzstan, a tiny, land-locked country in Central Asia. This export explosion obviously had little to do with ...

The trading week is coming to an end, and although gold has tried to recover in the short term, the move still looks insufficient against the selling pressure that has remained in place over the past few weeks. Over the last five trading sessions, gold is still down close to -3.00%. For now, a phase of indecision is starting to stand out in the metal’s ...

One man’s trash is … also his treasure. A fast-acting Ohio gambler turned his luck around — diving into a dumpster to retrieve a $100,000 winning lottery ticket that he’d accidentally thrown out. The resident of Willard was horrified to realize he’d tossed a jackpot-winning scratch-off into the garbage — especially because the trash had already been taken ...

The European Central Bank (ECB) raised key interest rates by 25 basis points this week. The question is whether the Swiss National Bank (SNB) and the Federal Reserve will respond similarly to the oil price shock. Markets are now pricing in higher rates for these central banks as well, but although the trigger is the same, the monetary policy responses are ...

Elon Musk’s company SpaceX has just gone public, making the world’s richest man one of the wealthiest humans in history. But this story isn't just about money. From electric cars to the stars, Musk has created an empire that spans multiple industries - accruing power and political influence that continues to cause controversy across the globe. For some, ...

Four months of war in the Persian Gulf and the closure of the Strait of Hormuz are taking a toll, swiftly pushing prices higher and reversing three years of progress on inflation. Producers and consumers once again find themselves marinating in an inflationary stew with no easy exit. The Administration’s new Section 301 ‘forced labor’ tariffs on 60 ...

The University of Michigan sentiment index has improved to 48.9 from 44.8 (consensus 46.0), but this remains at very weak levels by historical standards. The chart below suggests the latest reading should be consistent with consumer spending falling around 1.5% year-on-year. However, consumer spending is being driven by higher-income households who are ...

IRAN'S ARAGHCHI: IF THE FINAL STAGE OF NEGOTIATIONS IS COMPLETED, THE AGREEMENT WILL BE SIGNED REMOTELY BY BOTH SIDES AND THEN ANNOUNCED Iran FM says only way to handle enriched uranium is dilution in Iran

Iran’s Foreign Minister Araghchi: Management of the Strait of Hormuz will not return to the pre-war era. IRAN'S ARAQCHI: SOVEREIGNTY OF THE STRAIT OF HORMUZ BELONGS TO IRAN AND OMAN Araghchi: Iran is the winner of war with US Iranian Foreign Minister Abbas Araghchi said on Friday that his country is the winner of the war against the United States. "We stood against the world's apparent superpower for 40 days," the minister told the Iranian Broadcasting Agency. He added that a memorandum of understanding with the US has yet to be signed and noted that changes could occur as Israel opposes a deal between Tehran and Washington. Aragchi detailed that the lifting of the US maritime blockade, the opening of the Strait of Hormuz, the relief of sanctions, and a ceasefire on all fronts, including Lebanon, are included in the (MoU). He stressed that the nuclear issue will be discussed in the next stage of negotiations. "The US nuclear demands were not acceptable to us at this stage at all," he concluded.

One of the most talked-about methods for building wealth over the long term, and among the most misunderstood by novice investors, is investing in stocks. The mechanics are not difficult, but the decisions you need to make must be clear: what you’re purchasing, why, and what can go wrong. Whether you’re investing in Indian markets, US markets, or both, this ...

Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates. And that may be by design. Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of ...

Our focus remains on the UK this morning as the latest economic growth figures have been released by the Office for National Statistics. Monthly GDP contracted by 0.1% in April 2026, following growths of 0.3% in March 2026 and 0.4% in February 2026. This was disappointing but not a surprise as it was always likely that there would be an impact from the ...

Iranian Foreign Ministry Spokesperson: Understandings have been reached on large part of issues in talks and we are in the final stage of internal conclusions - IRNA.

Elon Musk is officially the world's first trillionaire following SpaceX's stock debut today, with the company's IPO price valuing his stake at nearly $870 billion on paper. The stock opened at $150 a share after the rocket and satellite company priced its IPO Thursday night at $135 a share ahead of today's debut on the Nasdaq, trading under the ticker SPCX ...

US OFFICIAL STATES THAT US-IRAN AGREEMENT WILL REOPEN STRAIT AND END BLOCKADE. *US-IRAN DEAL GUARANTEES LONG-TERM PEACE IN REGION: US OFFICIAL *IRAN, IF COMPLIES, WILL GET ECONOMIC PRESSURE RELIEF: OFFICIAL Senior Administration Official: The US is going to get enriched material under the Iran deal. Senior Administration Official: The US expects to sign an agreement over the next few days, but not 100% sure that deal will be signed. US OFFICIALS BELIEVE THERE IS AN 80-85% CHANCE OF A DEAL BEING SIGNED BETWEEN THE US AND IRAN.

President Trump told me in a short call that he considered Iranian foreign minister Araghchi's post "very positive" Trump told me he'd demanded the Iranians to issue public clarification over reports in their state media on the details of the deal, which he says were not true Trump told me he still thinks a deal with Iran could be signed over the weekend or on Monday

Optimism is rising that we are inching closer to a deal to reopen the Strait of Hormuz, but even with a deal, global energy prices will likely remain elevated until at least early 2027. European and Asian inventory rebuilding will keep a strong bid in markets through the second half of the year. At the same time, uncertainty over the scale of damage to ...

*PAKISTAN PM SAYS AGREED UPON TEXT OF US-IRAN PEACE DEAL REACHED Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal. Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and…

Central bank action has picked up with the ECB hike, and more tightening is likely in store. The first meeting chaired by Kevin Warsh is ahead next week. Meanwhile, the oil price has lost its position as the most important driver of interest rates. Even if the war ended today, a lot of damage has already been done to energy infrastructure and global supply ...

ECB's Nagel: The ECB had to react, and did so calmly. ECB's Nagel: The situation is still challenging, and we will decide based on the data.

$SPCX | SpaceX Shares Open At $150 In Nasdaq Debut Vs $135 IPO Price *SPACEX OPENS 11% ABOVE IPO PRICE AFTER RAISING $75 BILLION

There's a worry that Warsh may take away some avenues of Fed communication that academics and Fed watchers seem to really like. That risks leaving the public more in the dark at a time when inflation and borrowing costs both are concerns, and there's anxiety around artificial intelligence and the economy. Warsh might address some of those issues Wednesday ...

I'm seeing a lot of fake information about a potential deal to reopen the Strait and end Iran's nuclear weapons program. First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting. The deal is structured to… *VANCE: IRAN FROZEN FUNDS WON'T BE RELEASED ON DEAL SIGNING

*IRAN FOREIGN MINISTER ARAGHCHI: ISLAMABAD MEMORANDUM OF UNDERSTANDING NEARING FINALIZATION The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content. In line with our responsible and transparent approach, all details will be shared with the public in due course.

President Trump expressed frustration with Iran after its foreign ministry said Tehran “had not reached a final conclusion” on any peace agreement. The president called them “very dishonorable people to deal with” and warned, “they had better get their act together and fast!” Iranian state media reported that Tehran will negotiate with the US to retain the ...