Forex News

Around the world, the monetary policy pendulum swung more decisively in the direction of restraint. Among the five central banks the table that appears in this monthly feature of Currency Thoughts, the Bank of Japan and European Central Bank each raised their key interest rate by 25 basis points in June, and none of the other three eased. Among other ...

Canadian dollar sentiment remains weak, with futures traders extending net-short exposure to a 29-week high. Yet while positioning continues to favour CAD weakness, the charts suggest momentum may be shifting. USD/CAD is showing early signs of a pullback, AUD/CAD is defending key support within its uptrend, and CAD/JPY's latest rally appears driven more by ...

The June PMI® survey data highlighted a further improvement in manufacturing business conditions in China, completing the strongest quarter for the sector since the fourth quarter of 2020. Moreover, the rate of input price inflation slowed further to a five-month low. The headline seasonally adjusted RatingDog China General Manufacturing Purchasing ...

MUFG says Japan's latest round of verbal warnings on the yen still falls short of signalling that intervention is imminent, even as the dollar pushed to fresh highs against the currency overnight, according to a note from the bank. USD/JPY extended its upward trend after breaking above the July 2024 high of 161.95, a move that drew renewed concern from ...

The May 2026 seasonally adjusted estimate: • Total dwellings approved fell 1.1% to 17,019. • Private sector houses rose 2.8% to 10,537, and private sector dwellings excluding houses fell 10.4% to 6,034. • The value of total residential building fell 5.7% to $10.24b. • The value of total non-residential building rose 41.0% to $10.83b. table chart The ...

Canadian economic activity increased 0.5% in April, slightly higher than Statistics Canada’s 0.4% advance estimate and marking the strongest monthly gain since July 2025. As expected, the increase was driven primarily by stronger activity in goods-producing industries, particularly mining, quarrying, and oil and gas extraction, alongside a pickup in ...

Manufacturing companies operating in Japan continued to see a marked improvement in business conditions in June. Furthermore, the latest PMI® data pointed to another solid rise in production amid the quickest upturn in sales since the start of 2022. New order growth was partly fuelled by the ongoing conflict in the Middle East, however, as clients looked to ...

It's the first trading day of a new month, and hopefully a period where we can start putting a little more faith in market signals than we've been able to over the past week. Quarter-end flows have muddied the waters across markets recently, making it difficult to know whether moves can be trusted. With those distortions now hopefully behind us, the price ...

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The greatest risk to global portfolios from Japan’s currency crisis isn’t the yen, it’s the potential for disruption in the US Treasury market, warns the CEO of financial advisory giant deVere Group, as the Japanese currency sinks to its weakest level against the dollar since 1986. Nigel Green says that if Japanese authorities are forced into sustained ...

The tech-rich Nasdaq capped its best quarter in six years on Tuesday (Jun 30), rising with other US indices as bullishness over artificial intelligence overcame worries over geopolitics and inflation. The Nasdaq finished Tuesday's session up 1.5 per cent at 26,213.72, taking its gains to 21.4 per cent over the three months through June. The S&P 500 rose ...

Taylor Swift and Travis Kelce are rumored to be just days away from tying the knot. Speculation is only growing that the NFL star and pop star will get married at Madison Square Garden in New York City over Independence Day weekend. And their Big Apple wedding is also expected to come with a big price tag. Luxury wedding planner Sonal Shah told the New York ...

AUD/USD is attempting to stabilize after a sharp decline from the monthly highs, with price holding confluent downtrend support into the close of June. An outside-day reversal is taking shape just above the lower bounds of the downtrend, raising the possibility that downside momentum may be fading as the market heads into July. With the U.S. Non-Farm ...

API Crude: -6.072M Cushing: +0.503M Gasoline: -2.106M Distillates: +2.9M SPR: -5.5M

Andrew Bailey, Bank of England governor, joins ‘Squawk on the Street’ to discuss why Bailey is comfortable leaving rates where they are, the central bank’s rate path and much more.

Fifa president Gianni Infantino says it doesn’t make any additional revenue from them. Stadium fans loudly boo them and TV viewers blast them on social media, but the hydration breaks introduced in this World Cup have been the bonus money spinner of the tournament. When the final whistle blows on this edition of the World Cup, those three-minute breaks will ...

ECB's Kazaks: If things improve, it is possible to not hike further. ECB's Kazaks: The urgency of consecutive hikes is significantly lower ECB's Kazaks: There is no current need for a forceful inflation response.

Iran's Parliament Speaker Ghalibaf: Iran will not enter further negotiations until conditions in the MOU are met. Iran’s Ghalibaf: Iran Is Committed To Ensuring That Transit Through Strait Of Hormuz Is Carried Out With Iranian Arrangements Iran's Top Negotiator Galibaf: It has been decided that Iran, the US, and Lebanon establish a committee to oversee the end of the war in Lebanon

New Bank of Japan board member Ayano Sato said the country’s inflation views aren’t very strong yet, suggesting her tilt toward accommodative policy as an appointee of Prime Minister Sanae Takaichi. “While we may observe some risk of inflation overshooting, I do not believe that an inflationary norm has yet become firmly established,” Sato said at her ...

U.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes. That declaration will kick off a six-year review session, ...

With gross public debt exceeding 240% of GDP, Japan faces one of the highest sovereign debt burdens in the developed world. While this has remained manageable for decades due to exceptionally low interest rates, market confidence is deteriorating, and the consequences are unlikely to remain confined to Japan, potentially spilling over into global financial ...

Inflation slowed more than expected across most major euro zone economies in June, preliminary data showed on Tuesday (Jun 30), easing pressure on the European Central Bank to raise interest rates in the near term. Germany, France and Italy all reported softer-than-expected readings, while Spain was the only large economy where inflation did not ease. The ...

ECB's Dolenc: If current oil prices hold, ECB may be able to wait until September to decide if more policy steps needed. DOLENC: WE HAVE NOT SEEN CLEAR EVIDENCE OF SECOND-ROUND INFLATION EFFECTS

Having sold just over $70bn in late April/early May at levels just above 160, the BoJ is widely expected to intervene again over the coming days and weeks. Japanese officials have made it clear that the weak yen poses a threat to import costs and Japan’s cost of living crisis, which has been a key topic for the electorate. Currently, those cost of living ...

Canada’s economy never entered any credible definition of recession, but growth is rebounding nicely in the second quarter. This offers a nice set-up for the Bank of Canada’s wholesale forecast reset in the July 15th MPR and following next week’s BoC surveys that are likely to show higher inflation expectations. Q2 GDP is tracking a gain of 2.3% q/q SAAR ...

Iran’s Diverging Priorities Are Jeopardizing US Peace Talks - WSJ

BANK OF ENGLAND GOVERNOR ANDREW BAILEY TO CNBC: WE'D HAVE HIT INFLATION TARGET IN APRIL OR MAY OF 2026 WERE IT NOT FOR THE WAR #andrewbailey #ukeconomy #bankofengland #boe #interestrates #monetarypolicy #interestrates BAILEY: IMPORTANT THAT ENERGY PRICES ARE NOW NOT MUCH HIGHER THAN BEFORE IRAN WAR || WE HAVE TIME TO JUDGE THE PASS THROUGH OF HIGHER ENERGY PRICES TO UK ECONOMY

Moneta Markets has announced the launch of new crypto CFDs linked to OpenAI and Anthropic, expanding its product range with two of the most closely watched names in artificial intelligence. The new instruments give Moneta Markets clients the ability to trade price movements linked to OpenAI and Anthropic through contracts for difference, without owning the ...

Israel's Prime Minister Netanyahu: IDF to stay in Lebanon until Hezbollah threat removed. NETANYAHU SAYS ISRAEL, LEBANON AGREE HEZBOLLAH, IRAN MUST GO

Fed's Hammack: The inflation is still too high, the Fed may need to consider rate hikes HAMMACK: WILL GO INTO FED MEETINGS WITH OPEN MIND, WON'T PREJUDGE OUTCOMES Fed's Hammack: It's important that central bankers are transparent about the reaction function