Forex News

The chart I am about to show rather attracted my attention over the weekend. After all we have been looking at the theme of weak Chinese house prices for some years now. For newer readers net exporters ( China, Germany and Japan) all tend to have weak domestic consumption. In China deficient domestic demand was such an issue they took a leaf out of the ...

China’s yuan weakened against the dollar on Monday as traders sought clues on potential US rate hikes, and awaited fresh data to assess China’s economic health. The market’s loss of direction portends more volatility ahead, but the yuan’s ride will likely be smoother due to Chinese central bank guidance, analysts say. In the short term, “both the dollar and ...

GBP/USD: Have Bulls Run Out of Momentum? This currency was making a fairly strong, impulsive, and predictable rise, led higher by a symmetrical ascending price channel after gaining fuel from a failed bearish breakdown. The end of last week saw the price make a bullish breakout from the channel, but the price has struggled to move meaningfully higher. It is ...

In May 2026, compared with April 2026, industrial producer prices increased by 0.2% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU. In May 2026, compared with May 2025, industrial producer ...

In May 2026, compared with April 2026, the seasonally adjusted retail trade volume increased by 0.2% in the euro area and by 0.5% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, retail trade volume fell by 0.3% in the euro area and by 0.6% in the EU. In May 2026, compared with May 2025, the ...

UK construction companies recorded further sharp declines in output and new orders during June. However, both rates of contraction eased from May's six-year records. Cost pressures moderated in June and supply chain disruptions were notably less acute than in April and May. The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index™ ...

The sentix Economic Sentiment Index is sending out a positive signal in July: the economic outlook for the euro-zone is brightening noticeably, underpinned by a marked improvement in expectations and growing investor confidence. Germany, in particular, is providing a boost, as the latest political measures appear to be building confidence and noticeably ...

China's military test-fired a missile from a nuclear submarine into the Pacific on Monday (Jul 6), state media reported, drawing criticism and concerns from Japan, Australia and New Zealand. A nuclear submarine of the People's Liberation Army Navy launched the missile carrying a dummy warhead toward international waters in the Pacific at 12.01pm, China's ...

Israeli forces triggered explosion in southern Lebanon overnight, state media report

Real (price adjusted) new orders in manufacturing were up 1.9% in May 2026 month on month after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). When large-scale orders are excluded, new orders were 1.0% higher than in the previous month. The less volatile three-month on three-month comparison ...

Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by ​the Federal Reserve. Spot gold was steady at $4,175.02 per ounce by 0028 GMT, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. US gold futures for ...

Australia’s TD Securities–Melbourne Institute inflation gauge fell 0.4% month on month in June, extending the pace of decline from a 0.3% fall in the previous reading. The data point suggests a slightly faster contraction in the gauge over the latest month. The release compares June’s -0.4% outcome with the prior month’s -0.3%, indicating a 0.1 percentage ...

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent ...

US equities extended their rebound as sector rotation continued to broaden. The S&P 500 gained 1.8% and the Dow rose 2.0% to a fresh record, while the tech-heavy Nasdaq 100 lagged at 0.7%, reflecting the cyclical and defensive tilt of the advance. Federal disclosures showing President Trump's personal stock holdings drove sharp moves in Axon which surged ...

The U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next. The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351. The dollar index ...

The ANZ World Commodity Price Index fell 1.0% m/m in June. As tensions eased in the Middle East and the Strait of Hormuz began reopening, oil prices have fallen. While oil is not part of our Commodity Price Index, it does influence trends across many commodities. As it happened, all components of our index fell except meat and fibre. The meat and fibre ...

Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%. The weekly high reached $4,195.51. Gold sold off early in the week before Thursday’s June payrolls data reversed the action and produced the first weekly gain in about a month. Gold has been selling since the January highs with inflation fears and a hawkish Fed keeping ...

ASB economists say the worst may be mostly over for the New Zealand economy. They have released their updated economic forecasts for the quarter, and say easing oil prices are helping to improve the outlook and reduce the risk that the country is in for another prolonged inflation shock. They said the outlook had improved "markedly" in recent months and had ...

AUD/USD finally snapped its four-week losing streak, but the recovery has done little to alter the broader technical picture. With resistance clustered just below 0.7000 and a quiet Australian calendar shifting attention to US data and the FOMC minutes, traders may need a fresh catalyst before the next meaningful move develops. Looking through the charts ...

Eye-watering World Cup prices haven’t stopped soccer fans from around the world from opening their wallets. As of July 2, some of the best resale seats for marquee knockout matches were listed for roughly $20,000 on StubHub. Many upper-level resale seats were listed for around $5,000. But tickets are just one part of the cost. Add airfare, hotels, rental ...

In recent months one of the more frequent questions in FX trading has been the relentless collapse in the yen, which recently sank below a 40 year low despite rate differentials stubbornly headed in the opposite direction, and is increasingly flirting with levels which on previous occasions always prompted BOJ intervention. chart Among the reasons cited ...

Despite the World Cup and a shortened week due to the US Independence Day holiday, last week delivered a slew of interesting economic data and market action. The overarching themes were a cooling of the US labor market, which helped moderate recent rate-hike fears, mixed legal judgments regarding the outlook for Federal Reserve independence, and further ...

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling amid the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on ...

Oil prices have fallen back to where they were before the war. That in and of itself is remarkable - we’ve blown right through the $80-90 range I’d anticipated as a holding point for at least a few weeks - and stems from the incredibly rapid normalization of oil tanker traffic through the Strait of Hormuz. Factoring in Saudi and UAE pipelines, supply of oil ...

The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2026, to review global market conditions and outlook. In their collective commitment to support oil market stability, the seven participating ...

Bank economists are split on whether the Reserve Bank (RBNZ) will raise the Official Cash Rate (OCR) on Wednesday or hit the pause button for the fourth review in a row. The July Monetary Policy Review (MPR) is out on Wednesday, July 8, with the RBNZ to reveal if its Monetary Policy Committee (MPC) has decided to increase, hold or cut the OCR. The OCR is ...

The US Dollar has regained momentum in recent sessions, with EUR/USD slipping back below 1.1450 as investors responded to a more hawkish Federal Reserve and renewed geopolitical uncertainty. Julius Baer believes the Dollar remains well supported in the near term, underpinned by monetary policy, geopolitical tensions and continued demand for US assets. The ...

The June jobs report is worse than many people realize. Meanwhile, the campaign is gathering steam to get the Federal Reserve to switch to a new, lower inflation rate - so that new Chair Kevin Warsh can please the president and start cutting interest rates before the midterm elections. Both of those things are bullish for bonds, which have been lying on the ...

Federal Reserve Chairman Kevin Warsh made his first appearance on the international stage this week at the European Central Bank’s annual symposium in Sintra, Portugal. Joining the heads of the European Central Bank, the Bank of England and the Bank of Canada on a panel moderated by CNBC’s Sara Eisen, Warsh had an opportunity to explain how the world’s most ...

Trump to Axios: We and the Iranians have decided to take a week-long break from the talks until the funeral ceremonies conclude Trump to Axios: Neither side will fire on the other during the period of Khamenei's funeral procession Trump to Axios: The Iranians are begging to strike a deal