Forex News

A federal appeals court on Saturday declined to allow U.S. President Donald Trump’s administration to implement in 23 states his executive order that aims to tighten rules for mail-in voting ahead of November elections that will decide control of Congress. The Boston-based 1st U.S. Circuit Court of Appeals rejected the administration’s request to lift an ...

China's market regulator said on Saturday (Jul 25), it had fined and confiscated a total of 5.2 billion yuan (US$770 million) from Trip.com Group for abusing its dominant position in the domestic online hotel-booking market. Trip.com, China's largest online travel platform, used traffic-allocation mechanisms, platform rules and technical measures to strike ...

It’s the nuclear option. American Special Operations forces are waiting in the wings to launch the “most sophisticated operation in military history” to seize Iran’s enriched uranium from heavily fortified nuclear sites. “I hate to say it, but I think the most likely way to get rid of Iran’s nuclear material, at least what they currently have, is a military ...

The Euro remains supported by expectations of further ECB tightening, but EUR/USD is still struggling to escape the lower end of its July range. EUR/USD traded close to 1.1371 at the end of the latest session, leaving the pair near July’s low after a subdued week for the single currency. The Euro has fallen in six of the past eight completed sessions and is ...

Sovereign bond yields have risen sharply in recent days — not only in the United States, but also in Japan, the United Kingdom and the Eurozone. This is something SriKonomics has repeatedly warned about in past issues. The selloff is all the more striking because it is taking place against a backdrop of slowing global economic growth. And this may be the ...

“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s June meeting minutes captured a shift that Wall Street is only beginning to price. Artificial intelligence was sold to investors as a productivity revolution. ...

The escalation of the Middle East war sent oil prices sharply higher and pulled interest rates up, too. September WTI rose by more than 10% for a three-week increase of more than 25%. Neither side seems prepared to back down. However, judging by the largest spread this year (~$11) between the September WTI and the December contract suggests many ...

Axios citing sources: The U.S. Army is working on plans for the possibility of launching major operations against Iran but Trump has not issued his orders yet Axios citing sources: Trump's decision to halt the strikes came hours after an Omani delegation arrived in Tehran to conduct talks regarding the Strait of Hormuz

This week President Trump signed an order imposing 50 percent tariffs on a wide array of Canadian exports in retaliation for Canada’s retaliation on his earlier tariffs, and some Canadian premiers were soon urging even more revenge. Doug Ford, Ontario’s premier, called on Ottawa to block or limit exports of potash, important minerals and energy, including ...

Iran’s Foreign Minister Abbas Araghchi said on Saturday there was no military solution to the escalating conflict between Saudi Arabia and the Tehran-backed Houthi rebels in Yemen after both sides traded attacks. “We believe that there is no military solution to the issue of Yemen, Bab al-Mandab, and other regional issues,” said Araghchi in an interview ...

The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump's administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal duties ...

Take it slow… At least, that seems to be the modus operandi for the European Central Bank as it unanimously voted to leave its key lending rates unchanged on July 23rd. Although this was broadly expected given that it was just six weeks prior that it tightened for the first time since 2023, a lot has happened since then, including Brent oil pushing through ...

President Trump wrote on Truth Social that the US will launch a Section 301 investigation into the European Union for "robbing American companies, in turn, the American Taxpayer." Trump said Brussels is using America as a "PIGGYBANK" by fining Big Tech companies billions and billions of dollars. Trump listed the technology companies that have been fined a ...

A parade of familiar but scary factors marched through markets this week as the bond vigilantes, tariff headlines, and escalation of military aggression in the Middle East all combined to take markets down late in the week. This is a continuation of last week’s selloff, and we are now a decent bit off the highs across the board. Correlation within the ...

Rising US and global bond yields, combined with geopolitical risk and higher energy prices, have supported the US Dollar, while expectations of a Federal Reserve rate rise have also underpinned demand. The DXY is approaching its prior peak at 101.80, and a move above that level would add to upward momentum. In rates markets, the overnight index swap pricing ...

Us President Trump: Iran Problem Disappearing, No Great Power Anymore *trump, Asked About Iran Exit Strategy: There Are A Lot Of Them *trump: On Iran, We Could Make A Deal Or Hit Them Harder Trump: I haven't made decision on major strikes on Iran. I think iran getting more serious in talks as days go by. Trump: I'm In No Hurry Over Iran Despite What's Said Of The Election.

U.S. President Donald Trump's latest set of tariffs drew objections Friday from America's trading partners including China and Japan, with Australia's trade minister slamming them as “completely unjustified.” The administration announced tariffs of 10% to 12.5% on 60 economies late Thursday, saying the countries had failed to adequately enforce a ban on ...

Markets have been dealing with first one conflict; and, then, a second one over the past 18 months, and those two battles coalesced into a two-front war this week. The older of the two—the U.S. trade war—leapt back into the forefront with the Administration threatening a usurious 50% tariff on US$20 billion of Canadian exports, followed shortly by ...

Edward Yardeni, Yardeni Research president, says the Federal Reserve may need to raise rates three times to solve the inflation problem. He speaks on "Bloomberg Money."

The European Union is at it again and, as usual, taking direct aim at GREAT American Companies! After having fined Apple, for no reason at all, 15 Billion Dollars, Meta, 3 Billion Dollars, Amazon 2.5 Billion Dollars, and many others, we have just been informed that Google, a truly advanced and amazing group, has been fined yet another 1 Billion Dollars, without explanation. This brings the Google total to over 18 Billion Dollars! This illegal and highly discriminatory practice started at these high levels during the first year of the Sleepy Joe Biden Administration, but it’s not going to continue during the Trump Administration. The United States of America is not a “PIGGYBANK” for Europe, nor will we allow it to be! Please let this TRUTH serve to represent that we will immediately initiate a 301 Investigation into the practice of “ROBBING” American Companies and, in turn, the American Taxpayer. The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about. The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment. Stay tuned! President DONALD J. TRUMP

USD/CHF is attempting to register a fifth consecutive daily advance after rebounding sharply from the July opening-range low, carrying the pair towards a major technical inflection zone. The rally is pressing the upper bounds of the yearly uptrend, where multiple resistance studies converge and the risk of a larger reaction increase. A decisive close above ...

Federal Reserve Chairman Kevin Warsh wanted a central bank that talked less and let the data speak. Now, markets are speaking for him - loudly. A sharp Treasury selloff has pushed some longer-dated yields ​to their highest levels since the financial crisis and is raising the question of whether larger moves will become the "new normal" now that the Fed has ...

President Xi, at our recent meeting in Beijing, China, told me that he would not, under any circumstances, give or sell Weapons to the Islamic Republic of Iran — And that statement included Chinese Companies. Considering our relationship, I take him at his word and, besides, l am doing him very big favors, also. Likewise, President Putin, despite the horrible War going on in Ukraine (The relationship remains, as it does with President Zelenskyy), told me that he would not sell Weapons to Iran. He understands that I do not sell Weapons to Ukraine, but to NATO Countries. They pay full price, and how those Weapons are distributed, I have no idea. Therefore, two major Countries that people speak of often in terms of Iran are, in my opinion, not participating. If they did, it would be very bad for them — Certainly not in their best interests. Thank you for your attention to this matter! President DONALD J. TRUMP

BREAKING: Pakistan and Iran explore a path towards new talks with the US in a China- initiated push - Sources. Pakistan is considering resuming stalled US-Iran talks to end their nearly five-month-old war, according to three Pakistani sources, following a push by China. Exploratory discussions took place during Iran's Interior Minister Eskandar Momeni's visit to Islamabad this week, his second in the last ten days, according to sources.

Gold is fast, liquid, and traded almost around the clock. It can move several dollars in seconds. That speed is exactly why gold trading slippage matters to every trader. Slippage is the difference between the price you ask for and the price you actually get. On XAU/USD, where prices jump during news and quiet sessions alike, that small gap can shape your ...

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2026. Sales of new single-family houses in June 2026 were at a seasonally-adjusted annual rate of 628,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of ...

Oil is coming off the boil this morning, but weekend escalation risks remain. Meanwhile, the yen is at 40-year lows, but the case for immediate intervention is potentially fading nonetheless. 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, ...

US business activity growth accelerated at the start of the third quarter, according to provisional PMI® survey data, reaching an eight-month high and prompting firms to add staff for the first time in three months. Business confidence in the year-ahead outlook also rose to an eight-month high. However, the improvement was confined to services, while ...

The June Federal Open Market Committee (FOMC) meeting dispelled any fears about a potential politicisation of the Federal Reserve via the appointment of Kevin Warsh as its new Chair. The FOMC statement, and Warsh’s own commentary, emphasised a commitment to delivering price stability. The summary of economic projections, meanwhile, showed the FOMC split ...

In the business-related services sector, where confidence has risen for the third consecutive month, expectations concerning future activity and market demand have strengthened. In contrast to the last two months, assessments of current activity are also more positive. The business climate in the manufacturing industry remains virtually unchanged. Demand ...