Forex News

Last week was momentous. There was a fragile 60-day de-escalation during negotiations between Washington and Tehran. However, the allies of both (Hezbollah and Israel) continue to clash, stalling talks. Still, oil prices tumbled 7-9%. At the same time, a new era at the Federal Reserve has begun. The new chair eschews forward guidance, and this was reflected ...

"Safe passage through the international waterway remained intact today as 55 merchant ships transited, moving large amounts of cargo and more than 17 million barrels of oil to global markets. "

Axios: Vance may head to Switzerland today to participate in the talks scheduled with Iran tomorrow.

Iran Closes Strait of Hormuz as Fighting Flares Again in Lebanon

Two men were arrested on Friday (Jun 19) for allegedly stealing a diamond worth over S$235,000 (US$182,000) from a jewellery store after replacing it with a fake. In a news release on Saturday, the Singapore Police Force (SPF) said it received a call for assistance at about 3.40pm on Friday and was informed that a diamond had been stolen from a jewellery ...

The Federal Reserve is a sprawling bureaucracy, averse to change. With that in mind, the latest FOMC meeting and press conference — the first under new Fed Chair Kevin Warsh — came as a pleasant surprise. The Fed held its target for the federal funds rate at 3.5% to 3.75%. While that decision itself was routine (markets had treated it as a near-certainty), ...

Markets started the week with noticeable relief. The trigger was news that the US and Iran had agreed on a declaration of intent that could be formalized in Geneva on Friday. The core of the draft is reportedly a 60-day window for further negotiations—flanked by a ceasefire and the prospect of reopening the Strait of Hormuz. Although similar reports in the ...

The term “rate cut” is effectively banished in central bank circles right now. Rumour has it that any mention of The Policy Change That Must Not Be Named at the European Central Bank gets you turned into a frog. Or worse, sent for mandatory training at the German Bundesbank, where someone lectures you about the “1970s” for several hours… Best not mention it ...

Pedro Antunes, chief economist at Signal 49 Research, joins BNN Bloomberg to discuss Canada's retail sales and the path for interest rates.

The Bank of Russia reduced its benchmark interest rate by a quarter of a basis point on Friday, marking the ninth consecutive cut as inflation stays above the target. The Board of Directors decided to cut the key rate to 14.25% from 14.50%, the Russian central bank said. Markets had anticipated a 50 basis-point reduction. The bank started its massive ...

Trump: About 700 ships are going through Hormuz. Trump: China’s President Xi is coming to the US in September.

The dollar has benefited from a series of stronger-than-expected US economic releases over recent weeks. Most notably, the latest US labour market report showed job creation comfortably exceeding expectations. In addition, the Federal Reserve delivered a more hawkish message than markets had anticipated at its June meeting. Particular attention was paid to ...

Elon Musk’s ex Ashley St. Clair claims she turned down a multi-million-dollar NDA from the newly minted trillionaire after giving birth to his 13th child. “It was a shock, especially the way in which [the NDA] was presented over disappearing Signal messages,” she alleged on the June 16th episode of the “Don Lemon Show” podcast. St. Clair, 27, says she was ...

Gold trades globally around the clock, but it doesn’t trade equally. The US session (anchored by COMEX futures in New York) accounts for the largest single share of daily gold trading volume. On a normal Friday, US participants set the tone from roughly 8 a.m. to 5 p.m. ET. On Juneteenth, that session doesn’t happen. COMEX follows a holiday schedule with ...

Iran has introduced mandatory insurance for all vessels transiting the Strait of Hormuz, requiring shipowners to obtain coverage approved — and initially provided free — by Tehran’s newly created Persian Gulf Strait Authority. The move, detailed in a PGSA terms‑and‑conditions document seen by Lloyd’s List, effectively sidesteps a new US-Iran Memorandum of ...

NEW: President Trump told NBC News in a phone call he spoke with Israel earlier today and asked them to agree to a ceasefire w/Hezbollah. "It's a positive," he said. "It's a little icing on the cake." He declined to specify whether he had talked to PM Netanyahu directly.

Over the past four years, Elvira S. Nabiullina, the head of Russia’s central bank, has emerged as the linchpin of the country’s relative economic stability, viewed by many as a technocratic voice of reason navigating the challenges and chaos of a wartime economy facing severe Western sanctions. So when she called in sick and skipped a high-profile economic ...

Talks between the U.S. and Iran were called off Friday after intense fighting between Israel and Hezbollah in southern Lebanon, officials said, raising questions about an initial agreement to end the war in Iran. Israel and the militant group later agreed to a ceasefire, three officials said. Word of the ceasefire came from two regional officials and a U.S. ...

#OOTT | Iran Foreign Minister Araghchi: Any Violation Of Commitments Will Be Directed At The United States - Tasnim pic.twitter.com/ycRnqfdcFN

The US dollar (USD) is strengthening into the end of Q2 and its gains are being driven by fundamentals as markets have moved to re-price a considerable amount of Fed tightening in the aftermath of the June FOMC. The outlook for relative central bank policy is dominating and currency markets are shifting away from the sentiment-driven movement that has ...

The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning the yen around a two-year low, a break past which would take the Japanese currency to its weakest in 40 years. The dollar climbed as high as 161.8 yen late on Thursday, closing in on July 2024's 161.96. Any higher would take it to its ...

This month’s release of the composite economic indexes incorporates annual benchmark revisions which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving ...

This has been a packed week for UK economic data. The very full calendar was caused by the labour market figures not only being later in the month but also on a Thursday rather than a Tuesday. However the economic news has in general been favourable and we can start with more of the same. Retail sales volumes are estimated to have risen by 1.2% in May 2026. ...

Iran Rejects Claims On Closure Of Strait Of Hormuz

Israel and Hezbollah have agreed to a ceasefire set to begin at 4pm local time (9pm, Singapore time) on Friday (Jun 19), a senior US official told Reuters. “Hezbollah and Israel have agreed to a ceasefire,” the official said on background, adding that negotiators for the US and Qataris worked out the deal with help from Iran. “We understand that after the ...

*HEZBOLLAH WILL RESPOND IF ISRAEL VIOLATES TRUCE: AL JADEED TV *LEBANON'S AL JADEED TV CITES PEOPLE IN HEZBOLLAH ON TRUCE Two Hezbollah Sources: As soon as we got word of the ceasefire, we applied it from our end. HEZBOLLAH OFFICIAL: NO NOTIFICATION RECEIVED YET ON CEASEFIRE TIMING

IDF SPOKESMAN SAYS IDF TO CONTINUE ATTACKS AS LONG AS NEEDED ISRAELI MILITARY SPOKESMAN: TROOPS ON THE GROUND IN LEBANON HAVE FREEDOM TO ACT AGAINST THREATS ISRAELI MILITARY SPOKESMAN: WHEN ASKED WHETHER ISRAEL WILL STRIKE IN BEIRUT: WE RESPECT AGREEMENTS, ACT ACCORDING TO INSTRUCTIONS FROM ISRAEL'S LEADERS ISRAELI MILITARY SPOKESMAN SAYS ISRAELI FORCES WILL STAY IN THE 'BUFFER ZONE' AS LONG AS ISRAELI CITIZENS ARE UNDER HEZBOLLAH THREAT

Israel and Hezbollah have agreed to a ceasefire at 4 p.m. local time on Friday - Senior US Official. A senior U.S. official tells me: Israel and Hezbollah have agreed to a renewed ceasefire in Lebanon starting at 4pm Iocal time. The new agreement was brokered by the U.S. and Qatar after talks with Israel and Iran

IRAN: US BEARS RESPONSIBILITY FOR ISRAEL ACTIONS IN LEBANON Iran warns of 'consequences' for Israeli strikes in Lebanon Iranian Foreign Ministry spokesperson Esmail Baghaei (pictured) condemned the latest Israeli attacks in Lebanon on Friday, claiming that there will be "serious and immediate consequences" for Israel's "continued war-making on regional peace and security." The Iranian spokesperson also stated that the United States bears "direct responsibility" for the attacks and referred to the recently signed memorandum of understanding, which indicated that the ceasefire in Lebanon was an "integral" part of the agreement between the US and Iran. He added that Tehran will "take all necessary measures to protect its interests, security, and rights and those of its allies."

The War has diminished Iran! It doesn’t, any longer, have an Air Force, a Navy, Antiaircraft Equipment, Radar, or practically anything else, and yet the Dumocrats say that Iran is better off now than it was four months ago. Can you imagine getting away with that??? How stupid can some people be??? President DJT We didn’t meet out of desperation, Iran did. They are FINISHED! We’ll play out the 60 days. They get no money, not ten cents!