Author: FX

The EUR/USD pair trades with mild losses around 1.1415 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders reduce their bets on the European Central Bank (ECB) rate hikes this year.ECB President Christine Lagarde said in a speech opening her institution’s annual retreat on Monday that Europe is becoming less vulnerable to outside shocks thanks to a better financial framework and progress on the green transition.Lagarde emphasized that tensions subside amid a peace deal, which is “far from assured.” Policymakers must decide whether further monetary tightening is needed.Markets have pared expectations…

Technology shares led a Q2-closing equity rebound as the S&P 500 gained roughly 1.45%, while gold fell nearly 1.8% on a renewed U.S.-Iran ceasefire and USD finished broadly lower. Source link

Iran’s president on X:Understanding is a bilateral matter, if the U.S. side adheres to the MOU, we will also fulfill our obligationsOur approach to ‘unreasonable boasting and unfounded threats’ is to rely on rationality and human dignity in decision-making and ‘decisive and fearless defense’ when taking actionMeanwhile, where we at? In brief:Iranian and American negotiating teams both travel to Doha this week, but Tehran insisted no direct talks between the two sides were planned, casting fresh doubt over the durability of last month’s ceasefire agreement.Iran’s foreign ministry said its technical delegation’s presence in Qatar had no connection to the parallel…

European Central Bank (ECB) President Christine Lagarde delivered an introductory speech at the ECB Forum on Central Banking 2026 on Monday, warning that the Eurozone is likely to face more frequent shocks in the coming years that could move inflation away from the ECB’s target.Key takeaways:We are more likely to face shocks in coming years that push inflation away from target.The resilience Europe has built means rate hike effects on the economy are more contained.Resilience means the ECB can raise rates to address inflation without fear it becomes a source of financial stress.”Lagarde flags inflation shocks but backs ECB’s capacity…

Australia’s labor market swung back hard in May, printing a strong rebound over the dismal decline back in April and bringing the jobless rate down a notch to 4.4%. On the surface, this was a clear beat. Underlying figures, however, painted a different picture as part-time hiring accounted for the majority of the gains while hours worked fell. The Australian Bureau of Statistics also flagged ongoing methodology changes as it transitions its Labor Force Survey collection system, which may have introduced some noise into the monthly figures. Even so, these weren’t enough to stop markets from reading the results as…

alexsl Jones Trading has downgraded Theravance Biopharma (TBPH) to hold from buy following the announcement earlier Monday that Zymeworks (ZYME) is acquiring the company in a $929M deal. Analyst Debanjana Chatterjee wrote that the transaction does not pose antitrust risk or Source link

Trump says — rightly — that the Cook case was generally sent back on a procedural basis. The news here is that it appears he will try again to fire her:The Cook Lawsuit, having to do with her suitability in sitting on the Board of the Federal Reserve, was sent back by the Supreme Court on a strictly procedural basis, we will take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America! Thank you for your attention to this matter. President DONALD…

Commerzbank analysts Charlie Lay and Dr. Henry Hao highlight that China’s industrial profit growth slowed to 21.1% year-on-year in May, with weaker consumption and investment pointing to easing momentum. They expect official manufacturing and non-manufacturing PMIs to slip into contraction, even as Bloomberg consensus keeps them slightly above 50. Despite fading rate-cut expectations, they still see scope for a 10bp PBoC cut in H2.Profit slowdown and PMI risks”China’s industrial profit growth moderated in May for the first time since November 2025. Profits rose 21.1% yoy, down from 24.7% in April, bringing growth in the January–May period to 18.8% compared to…

Nigel Harris /iStock Editorial via Getty ImagesBritain’s prolonged delay in publishing a long-awaited defense spending plan has strained the country’s defense-industrial base, prompting some companies to scale back, move investment overseas or exit the sector altogether as they wait for clarity on future military procurement, Reuters reported Monday. Source link

Halfway through 2026, it’s time to check whether your trading goals still match your process, performance, and current market reality. Source link