Forex News

1 hour ago

USD/CAD is approaching a technically sensitive zone as Canada's May CPI is forecast to rise to 3.0% year-over-year, up from 2.8% in April. The pair has been consolidating after recent Bank of Canada rate hold, with resistance seen near 1.3650 and support holding around 1.3520. Energy price dynamics remain a...

1 hour ago

An Israeli official confirmed a ceasefire in Lebanon, according to Army Radio. No specific terms or duration were immediately disclosed, marking a significant development in Middle East tensions. Risk-sensitive currencies and safe-haven pairs are the primary focus. USD/JPY may rally as yen demand eases, while USD/ILS could see volatility. Oil-linked currencies...

1 hour ago

Hezbollah sources confirmed the group immediately applied a ceasefire agreement upon receiving word, signaling a potential de-escalation in Middle East hostilities. No specific territorial or political terms were disclosed alongside the announcement. Reduced conflict risk in the region typically supports risk-on sentiment, pressuring safe-haven currencies. Traders should watch USD, JPY, and...

2 hours 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...

2 hours 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

Israel and Lebanon have agreed to a ceasefire effective from 4 PM local time, confirmed by a senior US official cited by Reuters. Oil prices immediately reversed a $0.50 gain and turned negative on the news, reflecting reduced Middle East risk premium. Reduced geopolitical tension typically weighs on safe-haven currencies like...

3 hours ago

Planned US-Iran technical negotiations scheduled for this weekend were postponed Thursday, with the White House citing unpredictable logistics. Separately, overnight fighting broke out in Lebanon, adding fresh geopolitical tension to an already fragile diplomatic process. Escalating Middle East tensions typically lift safe-haven currencies like USD, JPY, and CHF while pressuring risk-sensitive...

3 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...

3 hours ago

European FX markets traded cautiously on Friday with US participants absent for the Juneteenth holiday, reducing liquidity and volume across major pairs. ECB policymakers Wunsch and Lane commented on inflation, with Wunsch warning further tightening remains possible if inflation surprises to the upside. EUR/USD and GBP/USD are in focus following ECB...

4 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...

4 hours ago

The Federal Reserve's hawkish positioning is reinforcing dollar demand, driven by widening interest rate differentials, strong U.S. growth prospects, and capital inflows tied to AI investment and equity issuance. No specific rate figures are cited, but the tone signals a sustained policy divergence favoring USD strength. EUR/USD and GBP/USD face continued...

4 hours ago

New Fed Chair Kevin Warsh, in his first press conference, repeatedly deferred rate change decisions to internal task forces, signaling no imminent policy shift. The strategy effectively pushes any rate adjustment timeline toward December, introducing prolonged uncertainty into U.S. monetary policy. USD pairs face near-term pressure as rate ambiguity typically weighs...

4 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...

5 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...

5 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.

6 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....

6 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

ECB Chief Economist Philip Lane stated it is difficult to argue against the central bank's decision to raise interest rates this month, offering strong backing for the move. No specific rate figures were cited, but the comments signal firm institutional support for the ECB's current tightening stance. EUR/USD and EUR/GBP are...

8 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...

9 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...

9 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,...

9 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...

9 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...

9 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...

10 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...

10 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...

10 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...

10 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...

11 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...

11 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...