Forex News

For their first NBA championship in 53 years, the Knicks will also get a bump in their bank accounts. Per Sportico’s Kurt Badenhausen, each player on the Knicks will earn an additional approximately $770,000 for winning the title. The team share for winning the NBA Finals is $9,078,000, and this will be split amongst the team. As Badenhausen pointed out, ...

The Australian dollar dipped its toe into the upper 60s last week, although for now it is not ready to commit to a break below 70c. And while it mostly finished lower against its major peers, its performance was mixed and not akin to a currency in freefall. Although short bets rose in the futures market, we have also seen a sufficient reduction in long ...

The United States and Iran have reached a deal to end their war and will hold an official signing ceremony on Friday (Jun 19) in Switzerland, Pakistani Prime Minister Shehbaz ​Sharif said on social media early on Monday. "The Deal with the Islamic Republic of Iran is now complete," Trump wrote on his Truth Social platform shortly after ​Sharif made his ...

This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World! President DONALD J. TRUMP

There was a brief period around the start of this year when the Performance of Services Index (PSI) poked its nose above the breakeven 50 mark. It was short-lived, not helped by a sharp spike in fuel prices pressuring consumers and businesses alike. Fuel prices have retraced from extreme highs but remain elevated. The PSI has oscillated in contractionary ...

IRAN DEPUTY FOREIGN MINISTER CONFIRMS DEAL REACHED WITH US Just in | Iran's Deputy Foreign Minister Announces Commitments Set to Take Effect on Friday Iran’s deputy foreign minister: 60-day talks will concentrate on lifting sanctions

The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow! President DONALD J. TRUMP

PAKISTAN SAYS US-IRAN DEAL TO BE SIGNED JUNE 19 IN SWITZERLAND Pakistan PM Sharif: Both sides declare immediate, permanent halt to military operations on all fronts, including Lebanon

Trump to soon confirm U.S. reached accord with Iran: WSJ Just in | Trump suggests that the removal of nuclear materials from Iran is not urgent and may occur at a later date, according to the Wall Street Journal. Trump: “As far as regime change, I never cared about regime change. This is the third group we’ve dealt with, and this is the most rational group yet.” WSJ

Gold closed lower for the second consecutive week on Friday, although it finished the week well off its lows after rebounding on Thursday and holding on to some of those gains during Friday’s consolidation. The precious metal traded cautiously as markets awaited further developments regarding the US-Iran situation, and ahead of a busy week for central ...

Victoria Coates of the Heritage Foundation is absolutely fantastic! She gets it like few other do. Thank you Victoria. Iran will never have a Nuclear weapon, and the Strait of Hormuz will be opening up for business very shortly!!! President DJT

IRAN HOLDS US AND ISRAEL RESPONSIBLE FOR ALL CONSEQUENCES OF REGIONAL ESCALATION. Just in | Iran's Supreme Leader's advisor warns that the time for action against Israel is imminent, stating that preparations for a response are underway following the recent attack on Lebanon.

On early Monday of this past week the EUR/USD challenged the 1.15000 mark as nervousness swept through the broad markets, particularly as the previous week’s trading showed risk adverse conditions taking hold in U.S equity markets. • On Wednesday of this past week U.S inflation data proved strong and the EUR/USD which had seen a reversal upwards after ...

An anticipated deal to stop the war with Iran and open the Strait of Hormuz hangs in the balance as Israel and Tehran-backed Hezbollah in Lebanon traded strikes Sunday. The Israel Defense Forces on Sunday said in a social media post that they had struck a “Hezbollah command center” in Beirut after Hezbollah launched aerial attacks “against Israeli civilians ...

This morning’s attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran. Israel has the right to defend itself against threats, but the attack it was responding to was very small and meaningless, nobody was hurt, injured, or killed, and should not disrupt this important process. We are very close to a Deal that will bring peace to the region, including to Lebanon, and all sides should stand down. There should be no more attacks by Israel anywhere in Lebanon, but there should also be no more attacks by any other party, including Hezbollah, against Israel. This could be the beginning of a long and beautiful peace — Let’s not blow it! Thank you for your attention to this matter. President DONALD J. TRUMP

US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place. Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates. The bank's 12-member Federal Open Market Committee (FOMC) will begin a ...

The Pound to Dollar (GBP/USD) exchange rate enters a crucial week after UK GDP data showed the economy contracted by 0.1% in April, reinforcing concerns over slowing growth and the outlook for Bank of England policy. GBP/USD closed Thursday at 1.3408, extending a subdued run after falling from a May peak of 1.3658. The pair is down around 1.4% over the past ...

Gold prices remain under pressure after a steep correction from January's record highs, with rising bond yields and expectations of higher interest rates reducing the appeal of non-yielding assets. The Gold Price (XAU/USD) traded near $4,216 on Thursday, down over 7% so far this month and well below May's high above $4,770. Westpac says the recent weakness ...

USD/JPY failed to break lower last week despite receiving a perfect window to do so. Crude oil prices tumbled on growing optimism that the US and Iran may finally be closing in on a deal, dragging Treasury yields lower as softer energy prices helped reinforce the message from weaker core CPI and PPI readings. Yet the pair could barely unwind, rebounding ...

The Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent ...

President Donald Trump on Saturday said in a Truth Social post that a deal to end the war with Iran will be signed on Sunday, with the Strait of Hormuz opening up immediately after. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” the president wrote. Trump suggested that the U.S. will ...

Gold (XAU/USD) has maintained its upward trend, but these gains are not that big, and it could also be short-lived because a possible truce deal between the US and Iran is improving market sentiment, which has a negative impact on safe-haven assets like gold. On the other side, many traders expect that the US Federal Reserve will keep interest rates high, ...

Barack Hussein Obama’s Deal with Iran, the JCPOA, was an easy, beautiful, smooth road to a Nuclear Weapon, which Iran would have had six years ago, and would have used long before now. My Agreement with Iran is the exact opposite, A WALL TO NO NUCLEAR WEAPON! In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement. The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL. Our relationship with Iran is a much different and better one than previous Administrations have had. Unlike Obama’s Hundreds of Billions of Dollars in payments to them, including 1.7 Billion Dollars in green, cold cash, no money will exchange hands. At the appropriate time, when all is calm, we will go in and get the Nuclear Dust, buried deep under the powerful sunken granite mountains, thanks to our beautiful B-2 Bombers and their brilliant pilots, and downblend and destroy it, whether in Iran, or the United States. We look forward to working with Iran, and the entire Middle East, long into the future. Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again! Thank you for your attention to this matter!!! President DONALD J. TRUMP

The week ahead is important. Seven G10 central banks meet. Even though Bank of Japan Governor Ueda has been hospitalized and will not attend the central bank meeting, it is only central bank expected to hike. Still, the FOMC meeting is historic, even though there is practically no chance of a change in policy. Kevin Warsh chairs his first FOMC meeting and a ...

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 ...