Forex News

Intense communications to gradually reopen the Strait of HormuzReaching understandings regarding easing the siege in exchange for the gradual opening of the Strait of Hormuz The coming hours...

Construction PMI 42.1Prior 48.0That’s a rough one as the German construction sector slides deeper into contraction territory amid the fallout from the Middle East conflict. Surging energy prices...

ECB’s François Villeroy, Governor of the Banque de France, cautioned against premature speculation regarding the timing of future interest rate hikes. Villeroy has been emphasising that the ECB...

China gold reserves at the end of April 2026: 74.64 million troy ouncesIn March 2026: 74.38 million troy ouncesChina gold reserves value at the end of April 2026:...

Construction PMI 39.7 vs 45.6 expectedPrior 45.6The reading reflects a sharp fall in overall business activity as surging inflation pressures are starting to weigh on demand conditions. There...

Prior -0.2%; revised to -0.3%Euro area retail sales dropped a little compared to the month before but the yearly estimate still reaffirms a steadier showing. The volume of...

Let’s just paint some colour to the backdrop on this whole issue. Now, the IMF guidelines suggest that exceeding three intervention instances within a six months period could...

Prior 60,620 job cutsThe headline figure does at least represent a fall from the 105,441 layoffs during the same month last year. However, that owes much to the...

Japan appears to be experiencing déjà vu from 2022: energy prices are soaring, the yen is hitting new lows, and the country’s finance minister is warning of possible...

FUNDAMENTAL OVERVIEWUSD:The US dollar weakened across the board again yesterday following several positive news on the US-Iran front. In fact, the bearish momentum got triggered by Trump pausing...