Forex News

1 hour ago

The Dollar Index extended its bullish trend Friday as markets priced in renewed Fed hawkishness, with price action holding above key support near the 105.00 zone. Gains were tempered by the Juneteenth holiday thinning US liquidity, but the broader structure remains intact — higher lows and sustained momentum above near-term...

1 hour ago

Canada's April retail sales rose just 0.5%, missing the 0.6% forecast and slowing sharply from March's 0.9% gain. Ex-autos sales badly missed at +0.1% versus +0.7% expected. Critically, volume sales were flat — the entire headline gain came from higher gasoline prices, not real consumer activity. Core sales fell 0.7%,...

2 hours ago

EUR/USD maintains a bearish intraday bias following a firm break of the 1.1408 support level. The pair is now targeting the 100% projection of the 1.2081–1.1408 decline, measured from 1.1848, which points to the 1.1175 level. The 1.1499 zone, previously support, has flipped to resistance and caps any near-term recovery...

2 hours ago

European FX markets traded quietly on Friday as US Juneteenth kept American participants sidelined, limiting liquidity and price action. ECB policymakers Wunsch and Lane commented on inflation, with Wunsch warning further tightening remains possible on upside surprises. USD/JPY hovered near its highest level since 1986, driven by widening Fed-BOJ policy...

3 hours ago

US-Iran negotiations planned for Friday in Switzerland have been cancelled, with VP JD Vance confirmed not departing Thursday night. Separately, Andy Burnham won a UK parliamentary by-election, signalling a direct leadership challenge to PM Keir Starmer. The pound edged lower on the political news. GBP/USD faces near-term downside pressure as UK...

3 hours ago

The Bank of Russia cut its benchmark interest rate to 14.25%, down from the previous 14.50%. The decision came in above the 14% forecast, signaling a more cautious easing pace than markets anticipated. USD/RUB and EUR/RUB are the primary pairs to watch. A smaller-than-expected cut is modestly RUB-supportive, as higher rates...

3 hours ago

Japan's Finance Minister Katayama signaled that Tokyo is ready to take strong, decisive action against speculative moves in the currency market. Speaking around the G7 meetings, she reiterated Japan's standing position that authorities are prepared to step in when required.

4 hours ago

Israeli strikes killed 18 in Lebanon while Hezbollah killed four Israeli soldiers, a day after the US and Iran signed a deal intended to end regional hostilities including fighting in Lebanon. The ceasefire framework appears fragile as violence escalates. Ongoing Middle East conflict supports safe-haven flows into USD, JPY, and CHF....

5 hours ago

The ongoing conflict in Iran has pushed crude oil prices to multi-year highs, prompting the Private Infrastructure Development Group to note a surge in interest toward renewable energy and energy security projects. No specific price levels were cited. Elevated oil prices typically support commodity-linked currencies like CAD and NOK while pressuring...

7 hours ago

Iran's Revolutionary Guards issued a warning via state media that any violation of Iran's rights would trigger a stronger military response. No specific incident or numbers were cited, but the statement signals heightened regional tension. Geopolitical escalation in the Middle East typically boosts safe-haven flows. Traders should watch USD/JPY, USD/CHF, and...

7 hours ago

UK public borrowing exceeded forecasts in May, with debt interest costs jumping £4.1bn to £11.7bn driven by RPI inflation. Government spending on goods and services rose £2.2bn to £39.6bn, while social benefits increased £1.2bn to £28.4bn, both pressured by inflation. GBP/USD and EUR/GBP are the primary pairs to watch. Worse-than-expected fiscal...

7 hours ago

The US and Iran have signed an interim agreement to end hostilities and reopen the Strait of Hormuz, a critical chokepoint for global oil supply. Equities have largely absorbed the news, but central banks and traders remain focused on energy-supply risks and inflation spillover effects. Oil-linked currencies such as CAD, NOK,...

7 hours ago

The UK Office for National Statistics has published the Retail Sales report for May 2026. No specific figures are available from the source, but this is a key monthly release tracking consumer spending trends across British retailers. GBP/USD and EUR/GBP are the primary pairs to watch. UK retail sales directly reflect...

7 hours ago

UK retail sales rose 1.2% month-on-month in June 2026, significantly beating the 0.5% forecast and reversing the prior -1.3% decline. The result signals a resilient UK consumer and stronger-than-expected domestic demand. GBP/USD and EUR/GBP are the primary pairs to watch. A strong beat of this magnitude supports sterling bulls, as improved...

8 hours ago

Planned US-Iran negotiations in Switzerland failed to proceed as scheduled, dealing a blow to hopes for a near-term diplomatic resolution to Middle East tensions. No specific timeline for rescheduled talks has been announced, and analysts warn a durable agreement remains distant. Geopolitical risk-off sentiment could pressure USD/JPY and EUR/USD as traders...

8 hours ago

A US-Israeli military campaign against Iran has killed thousands, though the true casualty figure remains uncertain due to internet blackouts, media restrictions, and government controls limiting reporting across the region. Middle East conflict of this scale triggers strong safe-haven flows. Traders should watch USD/JPY and XAU/USD closely, with USD likely to...

8 hours ago

Oil prices dropped after supply shipments resumed through the Strait of Hormuz following a war pact involving Iran. The development eased fears of a major supply disruption in one of the world's most critical oil transit routes. Falling oil prices weigh on petrocurrencies like the Canadian dollar (USD/CAD) and Norwegian krone...

8 hours ago

The Strait of Hormuz has reopened following a US-Iran peace agreement, sending oil prices to multi-month lows and stripping out the geopolitical inflation premium that had supported energy markets. The US dollar remains broadly firm, underpinned by the Federal Reserve's hawkish stance under Chair Kevin Warsh. USD pairs are the primary...

9 hours ago

The US has launched a Section 301 investigation into Germany, citing persistent underpayment for innovative pharmaceutical products. No specific tariff figures have been announced yet, but the probe signals potential levies on German goods as retaliation. EUR/USD is the primary pair to watch, as escalating US-Germany trade tensions add pressure on...

9 hours ago

Indian software shares fell sharply Friday after Accenture forecast slower revenue growth, accelerating a sector-wide selloff that has erased nearly 30% of market value in 2026. The warning reinforced fears of weakening global IT spending. USD/INR is the primary pair to watch, as sustained pressure on India's tech export sector threatens...

9 hours ago

Emerging-market equities reached a record high after the Iran deal took effect, reopening the Strait of Hormuz to shipping traffic. The development signals potential downward pressure on global oil prices as supply routes normalize. Oil-linked currencies such as CAD, NOK, and RUB face bearish pressure, while USD may soften against risk-sensitive...

9 hours ago

Ukrainian President Zelenskyy is calling on the EU to intensify pressure on Russia to end the war before winter, warning Ukraine will require significant external support if the conflict continues into the colder months. No specific financial figures were cited. Geopolitical escalation in Eastern Europe typically weighs on the EUR/USD and...

10 hours ago

VP Vance cancelled his trip to Switzerland for Iran nuclear negotiations, triggering a risk-off reaction in Asian markets. Oil prices and the US dollar moved higher on the news, while Japan CPI remained subdued due to energy subsidies masking underlying inflation. The BoJ deputy governor warned that delaying action on...

10 hours ago

Goldman Sachs slashed its year-end gold price target by $500 per ounce, citing a revised outlook that eliminates Federal Reserve rate cuts for 2026. The move signals a significant shift in Goldman's macro assumptions around U.S. monetary policy. The repricing hits XAU/USD directly, with gold's safe-haven premium under pressure. USD pairs...

10 hours ago

Oil prices remained volatile Friday with no sharp directional move, as markets digested an interim Iran-U.S. deal and early signs of recovering shipping activity through key trade routes. No specific price levels were cited, reflecting cautious market positioning. Oil-linked currencies such as CAD, NOK, and RUB are most exposed. USD/CAD is...

11 hours ago

BOJ Deputy Governor Himino acknowledged that Japan's neutral interest rate estimate spans a wide range, making it difficult to guide monetary policy by measuring the gap between the current policy rate and the neutral rate. This adds uncertainty to the BOJ's rate hike trajectory. USD/JPY and JPY crosses are directly affected....

11 hours ago

VP Vance cancelled his trip to Switzerland to negotiate with Iran, triggering a rise in both oil prices and the US dollar. Markets had priced in a smooth ceasefire-to-negotiation transition, and the cancellation has unwound that assumption. The 60-day MoU nuclear talks clock is running with no meeting yet scheduled. USD...

11 hours ago

The Pentagon has told US lawmakers it needs $80 billion to fund an Iran conflict and related military expenses, according to the Wall Street Journal. The request signals a significant escalation in military spending commitments amid ongoing geopolitical tensions. USD pairs are in focus as large defense spending requests can widen...

11 hours ago

Hedge funds and currency traders are aggressively buying dollar call options following the Federal Reserve's hawkish policy stance this week, reinforcing expectations for sustained higher US interest rates. Demand for upside dollar exposure is rising sharply across options markets. EUR/USD, GBP/USD, and USD/JPY are the pairs most exposed as dollar bullish...

11 hours ago

Japan deployed over $70 billion in currency intervention alongside a Bank of Japan rate hike, yet the yen has weakened back toward the critical 160 level against the dollar. Despite the combined fiscal and monetary effort, the measures failed to produce lasting yen strength. USD/JPY is the primary pair to watch,...