Forex News

As the trading week moves forward, one of the most relevant developments across financial markets has been the continued weakness in gold. The metal has now posted two strong bearish sessions, with a short-term decline of just over 5.00%, once again highlighting a clear selling bias in XAU/USD. Gold remains under pressure in an environment where the US ...

Limited progress has been made by the non-euro area Member States of the European Union (EU) on economic convergence with the euro area since 2024, according to the 2026 Convergence Report of the European Central Bank (ECB) published today. A key factor holding back economic convergence is the economic impact of external shocks, including Russia’s war ...

Wednesday’s CPI inflation release from the Australian Bureau of Statistics (ABS) has increased pressure on the RBA to lift rates. The policy-relevant trimmed mean inflation increased to 4.6% year-on-year in May and is now tracking above the RBA’s forecast: chart This result, in isolation, suggests that further rate hikes would be firmly on the RBA’s ...

European Central Bank Executive Board member Isabel Schnabel said further rate hikes were needed from today's perspective to return inflation to the ECB's 2% target, despite the ceasefire in the Iran war and the recent fall in oil prices. Schnabel told German weekly Die Zeit in an interview published Wednesday that the ceasefire was "not a reason to sound ...

Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz. One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times ...

The results of the Federal Reserve Board's annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing more than $708 billion in total loan losses under this year's hypothetical scenario, capital declined only 1.6 percentage points in aggregate, staying above minimum capital requirements. "Today's results underscore the strength of the banking system," Vice Chair for Supervision Michelle W. Bowman said. "As we work to increase the transparency and accountability of the stress test, public feedback will help us continue to improve and instill greater confidence in the stress test and its results." As the Board previously announced, today's results will not impact large bank capital requirements, which have been published today. The current capital requirements will stay in place until 2027, when the stress test will be run with loss-estimating models that take public feedback into consideration. All 32 banks tested remained above their minimum common equity tier 1 capital requirements during this year's hypothetical recession scenario, which was similar in severity to the prior test. The hypothetical scenario this year included a severe global recession with a 39 percent decline in commercial real estate prices and a 30 percent decline in house prices. The unemployment rate also increased to a peak of 10 percent, and economic output declined commensurately. Three main factors influenced the results of this year's test, with two leading to a larger decline in the aggregate capital ratio than last year, and one more than offsetting this decli The Fed: 32 large banks are well-positioned to weather a severe recession and continue lending under the latest stress test - Statement

EUR/USD, inflation expectations and Federal Reserve policy are back in focus as the euro breaks to fresh yearly lows. Michael Boutros, FOREX.com Senior Market Analyst, examines the key technical breakdown levels, downside targets, and how upcoming PCE inflation data and Non-Farm Payrolls could reshape Federal Reserve rate expectations and the next major ...

Officials at the Bank of Canada were seemingly unfazed by economic weakness to start the year as they debated where to take the policy interest rate earlier this month. The central bank today released a summary of the deliberations that led its governing council to hold the policy rate steady at 2.25 per cent for a fifth consecutive time on June 10. ...

*trump speaks to reporters at the capitol after senate gop lunch *trump touts oil price, job numbers *trump: Iran agreeing to everything that i want

Gold got off to a hot start this year, extending its big gains from 2025 and surging nearly 30% through late January to a record high of around $5,600 an ounce. That now seems like a distant memory. The yellow metal has crashed in the past few months. Gold prices fell 3% Wednesday and briefly dipped below $4,000. Gold is now down more than 7% this year. The ...

In the last 24 hours, 72 ships and 20 million barrels of oil have transited through the Strait of Hormuz — fully restoring pre-conflict flows. Thank you President Trump and the U.S. military!

The labor share of income in the U.S. is currently at its lowest-ever level in the post-war period. The labor share measures the fraction of economic output paid to workers as wages and salaries. As such, it is a useful benchmark for wage growth: when the labor share falls, it means that productivity, prices, or both are growing faster than wages. After ...

Governing Council began deliberations by discussing recent developments in the global economy. The conflict in the Middle East was in its fourth month, and its impact on the global economy had increased. Higher energy prices had pushed up inflation worldwide and global growth looked to have slowed, with weaker gross domestic product (GDP) growth in the Gulf region and many oil-importing countries, such as those in the euro area and Asia. Governing Council members also discussed broader disruptions to shipping and to the supply chains for several commodities. Oil reserves were reported to be dwindling in some countries. Some new supply lines were being developed to avoid the bottleneck in the Strait of Hormuz, but these would take some time to become operational. There was also more evidence of disruptions to supplies of fertilizer and other petrochemical products. Members agreed that the longer the war dragged on, the greater the risk of higher global inflation and slower world growth. Members also discussed the role of investment in artificial intelligence (AI) in supporting economic growth. This was particularly evident in the United States. AI investment was also supporting growth elsewhere, considerably boosting activity in some Asian economies such as South Korea and Taiwan. In the United States, the combination of strong AI-related investment, a buoyant stock market and growing energy exports were all supporting economic activity. The economy grew 1.6% in the first quarter and growth was expected to pick up in the second quarter. Members discussed whether the strength in the US economy was broad-based, or whether surging investment in some sectors and consumption by higher-income households were masking softness elsewhere in the economy. Members considered various possible outcomes of the Middle East conflict. The war could end decisively, which would lead to a significant easing in oil prices. Or the war could escalate again, causing another jump in oil prices and continued uncertainty. A third BoC Meeting Minutes: Members agreed that if the inflation data began to show evidence that inflation pressures were spreading, it would be a signal that monetary policy tightening is warranted BoC Meeting Minutes: Governing council members agreed that the economic situation presented a dilemma for monetary policy.

Trump: Iran is making very big concessions, it's going very well

It is a rather revealing insight into the UK political class in that a new Prime Minister is on his way but there remains considerable doubt about his policies and especially his economic ones. A type of triumph of personality over policy. However the smoke has begun to clear a little and what is underneath is beginning to look awfully familiar as it plays ...

WRIGHT STATES THAT RESUMPTION OF NORMAL OIL FLOWS WILL BE DELAYED DUE TO IRANIAN MINES IN THE STRAIT OF HORMUZ. WRIGHT SAYS IRAN WILL NOT HAVE ABILITY TO BLOCK STRAIT OF HORMUZ GOING FORWARD U.S. ENERGY SECRETARY WRIGHT ANTICIPATES RAISING VENEZUELA'S OIL EXPORTS TO 2 MILLION BARRELS PER DAY UNDER THIS ADMINISTRATION.

Analysts and markets were in unison following Kevin Warsh’s first press conference as chair of the Federal Reserve – he’s a hawk, orthodox, not the president’s sock puppet. But the hawkish interpretation is premature and it may be wrong. Time will tell. This was Warsh’s first Federal Open Market Committee meeting. Reputations are made up front and ...

STARTRADER has added SPCX CFD (Space Exploration Technologies Corp.) to its trading platform, making the instrument available on MT5 from 15 June 2026 and on the STARTRADER App from 18 June 2026. The listing comes just three days after SpaceX’s Nasdaq debut on 12 June, one of the fastest turnarounds in the broker’s instrument launch history. SpaceX’s IPO ...

Bank of Japan policymakers debated mounting inflation risks, with some calling for faster interest rate increases to raise borrowing costs nearer levels deemed neutral to the economy, a summary of the latest policy review showed on Wednesday. At the June 15 to 16 meeting, the BOJ raised rates to a 31-year high of 1% in a landmark step in its policy ...

Commercial crude oil inventories in the United States, excluding those in the Strategic Petroleum Reserve, decreased by 6.1 million barrels to 412.1 million barrels in the week ending June 19, the Energy Information Administration (EIA) revealed in its report on Wednesday. The country's crude oil refinery inputs averaged 17.1 million barrels per day (bpd) ...

With USD/JPY testing 40-year highs at 162.00, 90%+ of FOREX.com traders are positioned short, likely anticipating intervention from the Bank of Japan and Ministry of Finance if it rises further. What could happen if we don't see imminent intervention? FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US ...

easyMarkets, the global CFD broker with more than 25 years of experience, has expanded its product offering with a range of new financial instruments, now available to clients on its proprietary trading platform. The new additions, broaden access to regional and global markets through a single trading environment. They include instruments linked to one of ...

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2026. Sales of new single-family houses in May 2026 were at a seasonally-adjusted annual rate of 580,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of ...

Spot gold prices slipped below a key psychological level of US$4,000 per ounce level for the first time since November 2025 on Wednesday, under pressure from a firmer U.S. dollar and growing expectations that interest rates will remain elevated. The U.S. dollar firmed, making dollar-priced bullion more expensive for holders of other currencies. Traders have ...

Report for the attention of the Governing Board of the Swiss National Bank for its quarterly monetary policy assessment of June 2026 The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this ...

The tech-led equity sell-off has started to significantly spill over into FX. Since the sentiment jitters originated in Asia and are centred on semiconductor stocks, the Aussie and Kiwi dollar have been hit hard, alongside SEK and NOK, which tend to underperform as liquidity dries up in risk-off conditions. The canonical safe havens USD, JPY, CHF are doing ...

In the building industry, last month’s optimism increased further. Business leaders assessed their strengthened order books considerably more favourably and expect demand to pick up sharply over the next three months. In the trade sector, as well, business leaders expressed very optimistic demand expectations. They also expect to employ more staff over the ...

The U.S. current-account deficit resulting from international economic transactions widened by $5.8 billion, or 2.6 percent, to $226.8 billion in the first quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.1 billion. The first-quarter deficit was 2.9 percent of ...

JP Morgan Chase gave the ax to a senior executive caught on video dumping garbage onto an NYC sidewalk at the Knicks championship parade and then stealing the trash receptacle, according to a new report. The Manhattan-based bank told the New York Post that it fired Angie Baez after reviewing footage posted online showing the bizarre incident during last ...

*BESSENT: SEE NON-INFLATIONARY ECONOMY ACCELERATION REST OF YEAR *BESSENT: YOU CAN HAVE STRONG DOLLAR WHEN RATES ARE BEING CUT US Treasury Secretary Bessent: I don't think anyone should do Fed dot projections US Treasury Secretary Bessent, on Fed: I applaud Warsh for eliminating forward guidance US Treasury Secretary Bessent: In February, thought inflation would be close to 2% by mid-summer