Forex News

24 min ago

Hackers hijacked emergency alert apps in both Ukraine and Russia over the weekend, sending false warnings of nuclear and chemical attacks to millions of smartphones. The first breach came late on Sunday, when users of Ukraine’s “Air Alert” app, which warns of incoming air strikes, received fake notices of nuclear, radiation...

27 min ago

UK manufacturing production rose at a faster pace in the latest PMI reading, driven by stronger gains in new orders. GBP may respond positively to signs of demand recovery, though broader market focus remains on Eurozone sovereign-debt stress and Fed policy path.

58 min ago

ECB Governing Council member Boris Vujčić spoke on European economic integration and resilience in a fragmenting global environment. The remarks offer no new policy stance or rate signals. Traders await concrete ECB action: Eurozone CPI data (4 Nov 05:00) and Lagarde's speech (5 Nov 13:00) are the next decision-moving catalysts...

59 min ago

France's October manufacturing PMI rose to 49.5 from 49.3, a modest improvement but still below the 50 expansion threshold. EUR/USD traders focus on eurozone sovereign stress; this weak French factory data reinforces recession concerns amid the widening French-German 10-year spread and budget uncertainty.

1 hour ago

Swiss manufacturing activity accelerated to 56.7 in October from 55.3, beating the 55.4 forecast. Stronger Swiss economic momentum supports CHF and may reinforce SNB's hawkish stance relative to the ECB's easing bias, widening the EUR/CHF gap amid Eurozone sovereign-debt stress.

1 hour ago

Spain's manufacturing PMI rose to 52.2 from 51.0, beating the 50.5 forecast and signalling stronger factory output. The improvement supports eurozone growth momentum, though sovereign-debt stress in France remains the dominant EUR driver; traders watch ECB policy response to regional divergence.

1 hour ago

ING analysts identify four priority areas for COP31 to strengthen the business case for climate action. While climate policy matters for long-term corporate strategy and energy transition costs, current FX markets are focused on Eurozone sovereign stress and Fed inflation paths. Climate summits are structural themes, not near-term currency catalysts.

2 hours ago

Swiss retail sales growth halved to 1.6% in September from 3.2% previously, signalling weaker domestic demand. This tests the macro chain assumption that demand can sustain prices ahead of November inflation and SNB guidance. CHF sensitivity hinges on whether weakness spills into the inflation and rate path.

2 hours ago

The Strait of Hormuz remains a costly and dangerous transit route for shipping, contradicting US claims of open passage. Energy supply-chain disruptions to this critical chokepoint affect oil and gas flows, moving CAD through crude prices and EUR through energy-cost pressures on the Eurozone.

2 hours ago

UAE's top energy executive called for expanded oil storage capacity and refining infrastructure positioned closer to end-users to mitigate supply disruption risks from Strait of Hormuz chokepoint. Reinforces geopolitical energy-supply concerns already priced into crude; traders watch BOC Macklem speeches (Nov 3, 5) and Annual Budget (Nov 5) for CAD...

2 hours ago

Nine major oil firms including Saudi Aramco and BP are on track for combined third-quarter profits exceeding $95bn, driven by Middle East geopolitical escalation pushing fuel prices higher. Energy rally supports CAD and lifts oil-sensitive currencies; BOC speakers this week (Nov 3, 5) will face questions on inflation pass-through as...

3 hours ago

Dutch retail sales accelerated to 3.3% from 2.8% previously, signalling resilient consumer demand in the Eurozone's fourth-largest economy. This strengthens the demand leg of the macro chain ahead of eurozone inflation data on 4 November, critical for ECB policy guidance as sovereign-debt stress dominates EUR trading.

3 hours ago

Netherlands manufacturing contracted, adding to Eurozone growth headwinds amid France's sovereign-debt crisis. Weak PMI data underscores regional economic fragility as ECB faces mounting pressure from widening French-German spreads and budget uncertainty. EUR traders watching for cascading weakness across core Eurozone.

4 hours ago

BoJ has locked in a December rate increase, but uncertainty over the neutral interest rate—the level neither stimulating nor restraining growth—clouds the path ahead. This matters for JPY positioning and carry-trade unwinds; traders watch the neutral-rate debate as a gauge of how aggressively the BoJ will tighten beyond December.

4 hours ago

S-Oil forecasts tight global lubricant supply persisting into 2027, signaling sustained energy-sector cost pressures. Elevated refining margins and input costs feed inflation expectations across oil-dependent economies, affecting central-bank repricing cycles—particularly BoC as oil underpins CAD direction into year-end.

4 hours ago

Bank of Japan reports underlying inflation has risen to 2% and is gradually embedding around that level in recent years. This supports the BoJ's gradual policy normalization narrative and reinforces JPY strength expectations as rate-hike odds remain on the table amid persistent price pressures.

7 hours ago

China's RatingDog PMI Manufacturing edged down marginally from 52.1 to 52.0 in October, maintaining expansion for an 11th consecutive month—the longest streak since mid-2021. Manufacturing output accelerated to its fastest pace since April, underpinned by solid new orders growth. Despite pricing weakness, the resilience in production signals sustained private-sector momentum...

8 hours ago

Diplomatic efforts to return Middle East parties to negotiations are accelerating, triggering a sell-off in crude prices. Oil supply risk premiums are unwinding as geopolitical escalation fears ease. Energy-linked currencies including CAD and NOK face downside pressure; EUR may see offsetting support if lower energy costs ease inflation concerns for...

9 hours ago

Japan Finance Minister Katayama emphasized avoiding excessive currency volatility as policy priority. Comment follows weak consumer confidence and rate-hike signals from BOJ Governor Ueda, suggesting coordinated concern over yen strength. Traders watch next BOJ speaker for spillover impact on other central banks' repricing.

9 hours ago

South Korea's S&P Global manufacturing PMI slipped to 51.3 in October from 53.9 in September, signaling a sharp slowdown in factory activity. The decline affects KRW and regional risk sentiment. Traders monitor whether weakness spreads to other Asian economies and pressures the growth outlook.

9 hours ago

Japan's S&P Global Manufacturing PMI remained flat at 53.3 in October final, showing no momentum shift in factory activity. The reading sits above the 50 no-change threshold, signalling continued expansion. USD/JPY traders monitor BoJ policy divergence; a stalled PMI supports the case for sustained Japanese monetary easing versus Fed tightening.

10 hours ago

Japan's Defence Ministry estimates a 80 trillion yen defence budget over five years, 1.8x the current plan. This signals sustained fiscal expansion and potential BoJ policy pressure as inflation and spending surge. Markets await BOJ Gov Ueda's speech on 06 Nov for guidance on rate-hike timing amid competing fiscal and...

10 hours ago

Westpac's full-year net interest income slid to A$19.69bn, missing forecasts of A$22.90bn, while adjusted net income reached A$6.99bn. The net interest margin compressed to 1.87% and CET1 capital ratio stood at 12.5%. Weaker NII signals tightening bank profitability in Australia, pressuring AUD.

11 hours ago

Goldman Sachs lifted its December 2026 Brent forecast by $15/bbl to $105 from $90, signaling sustained oil-price strength. Higher crude weighs on risk appetite and supports CAD through energy exposure; impacts EUR via inflation costs. Watch BOC speakers (Nov 3, 5) and Budget Release (Nov 5) for central-bank repricing as...

11 hours ago

Australia's S&P Global Manufacturing PMI declined slightly to 49.6 from 49.7, remaining in contractionary territory below the 50 no-change threshold. The weak reading signals continued manufacturing weakness and may weigh on AUD. Traders await broader economic data to gauge RBA rate-cut risks.

12 hours ago

Westpac forecasts Australian inflation will remain above the RBA's 2–3% target range, with interest rates staying elevated through 2027. The economy is holding up well despite global uncertainty, supported by strong business investment. This feeds directly into RBA rate expectations ahead of tomorrow's 02 Nov policy decision and rate statement.

13 hours ago

Two oil tankers struck mines in the Strait of Hormuz on what Iran's state media described as an unauthorized route. Energy supply disruptions through this chokepoint affect crude prices and CAD; however, markets have largely priced geopolitical escalation as structural. Watch BOC speakers (Nov 3, 5) for any shift in...

13 hours ago

French quarterly growth fell to −0.1% in Q3, marking a contraction. With France's 2027 budget measures and the French-German 10-year spread at its widest since 2011, sovereign-debt stress remains the dominant EUR driver. This data reinforces recession concerns tied to fiscal strain and ECB policy pressure on the eurozone.

14 hours ago

A Qatari LNG tanker bound for Pakistan was hit by projectiles in the Gulf; Iran had cleared the voyage hours prior and no group claimed responsibility. Energy supply disruptions to Europe's gas markets move EUR; traders monitor Strait of Hormuz transit risk and crude-linked commodity exposure.

16 hours ago

US trade deficit expanded 2.1% to $134.9bn, the widest since March 2025, as imports surged 2.4% to record $344.2bn led by a 7.5% jump in AI-related capital goods. The capital goods deficit alone widened $54.3bn year-over-year, accounting for more than the entire trade gap increase. Exports rose 2.6% to $209.2bn...