Forex News

A temporary hiatus to hostilities between the U.S. and Iran appeared to hold on Monday, after negotiations over a lasting peace faced fresh hurdles over the weekend. The U.S. military brought a halt to two weeks of strikes on Friday as diplomats sought to give peace talks “some space.” Iran, which has also refrained from military operations against regional ...

The 0.93 level is an area that traders are paying close attention to at this point, as we are seeing the interest rates favoring the upside in general. EUR/CHF The euro has initially fallen against the Swiss franc only to turn around and show signs of life again on Friday. That being said, as we head into the weekend, it makes quite a bit of sense that ...

Germany’s most prominent leading indicator, the Ifo index, increased to 86.6 in July, from 85.6 in June. While the current assessment component dropped somewhat (86.5, from 87.0 in June), expectations improved significantly, to 86.7, from 84.1 in June. Normally, three consecutive increases in the Ifo index points would be a reason to party, celebrating ...

Wildfires are ravaging southern France and spreading into Spain, forcing more than 300,000 people to flee ahead of further expected heatwaves during the week. French President Emmanuel Macron is set to hold a crisis cabinet meeting on Monday, while Spain’s Prime Minister Pedro Sanchez will visit areas hit by fires in Valencia, in the East of Spain. The ...

Annual growth rate of broad monetary aggregate M3 increased to 3.3% in June 2026 from 3.0% in May (revised from 3.2%) Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 3.4% in June from 3.7% in May (revised from 4.0%) Annual growth rate of adjusted loans to households stood at 3.0% ...

French Finance Minister: Impact Of These Wildfires Is Like 'thunder' Hitting The Economy

Iranian Foreign Ministry Spokesman: We will not allow America to determine the timing and duration of war and peace Iran's Foreign Ministry spokesperson Baghaei: The situation in Hormuz has not changed; the strait is still closed Iran's Foreign Ministry spokesperson Baghaei: Talks with Oman about the Strait of Hormuz to continue

The Bank of Japan is set to keep interest rates steady on Friday but leave scope for further hikes with hawkish communication, as the economy faces mounting inflationary pressure from the Middle East war, a weak yen and robust global AI demand. The central bank, however, will likely stay ambiguous on the pace and timing of future rate hikes as it awaits ...

As the U.S. military conflict with Iran enters its sixth month, President Donald Trump has returned to a more familiar battleground: global trade. Trump on Friday launched a fresh tariff blitz targeting 60 trading partners, including the European Union, China, the U.K. and Canada. The latest wave of tariffs — which took effect at 12:01 a.m. E.T. Friday, ...

Japan’s Corporate Service Price Index rose 3.2% year on year in June, easing from a 3.3% increase in the previous reading. The marginal slowdown points to slightly cooler price pressures in services provided between companies, while remaining firmly above zero. Japan’s June Corporate Service Price Index (CSPI) easing slightly to 3.2% from 3.3% shows that ...

From corporate earnings and economic data releases to technological breakthroughs and geopolitical events, opportunities can emerge at any time. Recognising the need for uninterrupted market access, PU Prime, a global multi-licensed online brokerage, has expanded its US equity offering by introducing new 24/5 and 24/7 share CFDs, providing clients with ...

Almost inevitably, we're back here again early on Monday morning in Asia with a risk-on tone, sparked by another barrage of positive headlines out of the Middle East. After spending the weekend worrying about a major escalation, traders have once again been handed a de-escalation headline just before Globex reopened, amplifying the initial reaction in ...

Singapore's central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead. Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its currency instead of changing domestic interest rates like many economies. The Monetary Authority of ...

Japan Prime Minister Takaichi: FX rates fluctuate due to multiple factors, difficult to isolate impact of one Japan Prime Minister Takaichi: Monetary policy changes, specific steps up to BoJ to decide Japans Prime Minister Takaichi signals readiness for further swift measures to mitigate the economic fallout from the Middle East conflict.

When Sanae Takaichi ascended to the premiership of Japan in October 2025, she carried with her the mandate of an electorate exhausted by stagnation and rising grocery bills. Food inflation had eclipsed seven percent the previous year, and her coalition's platform rested on a deceptively simple promise: revitalize the sclerotic economy and restore purchasing ...

The Services Producer Price Index (All items) rose 3.2 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose 2.8 percent from the previous year. tables

The bullish breakout flagged in last week's outlook played out exactly as anticipated, sending USD/JPY to fresh multi-decade highs. Whether the rally can extend further will likely be determined by a packed week headlined by policy decisions from the Federal Reserve and Bank of Japan, alongside key inflation, growth and labour market data from both ...

The Federal Reserve’s July 28-29 policymaking meeting on interest rates was, frankly, expected to be a snooze fest just a few weeks ago. Now, it’s going to be a humdinger. Economists, traders, and other Fed watchers were forecasting that the Federal Open Market Committee would vote to hold the benchmark Federal Funds Rate steady. This was due to a ...

At Friday’s market close, the Euro to Dollar (EUR/USD) exchange rate was quoted at $1.1371, down 0.05% on the day and from $1.1438 the previous Friday. EUR/USD fell in four of the five sessions and finished just above July’s low at 1.1362, leaving the Euro on the defensive heading into the new week. Lloyds Bank says the latest rise in energy and wider ...

Historically, the Canadian Dollar trades closely with global oil prices, rising when they go up and falling when they drop. That makes sense given Canada’s status as a major oil exporter, but in recent years something isn’t right. The recent spike in oil prices hasn’t given the Canadian Dollar any lift and it doesn’t look like Trump tariff announcements are ...

Iran’s Foreign Minister Abbas Araghchi on Sunday warned that his country would respond to a deadly attack by Ukraine on an Iranian ship in the Caspian Sea. It came after Ukrainian President Volodymyr Zelensky said Kyiv had carried out long-range strikes in the Caspian Sea against vessels transporting military cargo involving Iran, underscoring the ...

The Trump administration has imposed double-digit tariffs on more than 60 countries, using a legal justification that permits the president to levy import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices. The new tariffs announced in recent days take effect just as temporary ...

Iran To Halt Attacks As Long As U.s. Maintains Latest Pause, Senior Iranian Source Tells Reuters

Iran summoned a Ukrainian diplomat in Tehran on Sunday to protest an attack on an Iranian commercial vessel in the Caspian Sea, as the war in the Middle East threatened to overlap with the Ukraine conflict. Iran said the attack left one sailor dead and injured several others. The country’s foreign ministry complained to Ukraine’s chargé d’affaires in Tehran ...

Defence Secretary Wes Streeting says the UK should not be intimidated by "sabre-rattling" threats of attack from Iran. Last week, the regime said the country was a legitimate target because of its role supporting the US/Israel war on Iran. Speaking to the BBC, Streeting said Britain should not put "too much stock" on what Iran had said. "We stand ready to ...

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 ...