Forex News

More details coming in on the 3 ships on fire in the Gulf of Oman near strait of Hormuz

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by Forex Live

More details coming in on the 3 ships on fire in the Gulf of Oman near strait of Hormuz

Reportedly on fire at the Khor Fakkan anchorage near Fujairah, off the coast of the UAE.

Oil

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ForexLive Asia-Pacific FX news wrap: Trump warns Iran, and then exits G7 a day early

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ForexLive Asia-Pacific FX news wrap: Trump warns Iran, and then exits G7 a day early

Forex news for Asian trading on Jun 17, 2025

Session wrap

Wrap Asia

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Oil prices up after reports of 3 ships on fire in Gulf of Oman near the strait of Hormuz

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Oil prices up after reports of 3 ships on fire in Gulf of Oman near the strait of Hormuz

Trump will not want oil prices rising

Oil

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Japanese Yen retains its neutral bias amid mixed BoJ rate hike cues, rising geopolitical tensions

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by Fxstreet

Japanese Yen retains its neutral bias amid mixed BoJ rate hike cues, rising geopolitical tensions

The Japanese Yen (JPY) extends the intraday sideways consolidative price move and trades flat against its American counterpart as the Bank of Japan's (BoJ) post-meeting press conference gets underway.

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Australian Dollar advances as US Dollar loses ground ahead of Retail Sales

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by Fxstreet

Australian Dollar advances as US Dollar loses ground ahead of Retail Sales

The Australian Dollar (AUD) recovers its daily losses against the US Dollar (USD) on Tuesday. However, the AUD/USD pair faced challenges as traders adopted caution amid ongoing geopolitical tensions.

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Reports that three ships are on fire in the Gulf of Oman near the strait of Hormuz.

News Discussion Forum

by Forex Live

Reports that three ships are on fire in the Gulf of Oman near the strait of Hormuz.

Unconfirmed so far

Oil

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WTI extends upside above $70.50 ahead of US Retail Sales release

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by Fxstreet

WTI extends upside above $70.50 ahead of US Retail Sales release

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.60 during the Asian trading hours on Tuesday. The WTI price edges higher amid persistent geopolitical risk in the Middle East.

Oil

WTI

Commodities

Macroeconomics

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US Secretary of State Rubio is leaving the G7 early, heading back to DC

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US Secretary of State Rubio is leaving the G7 early, heading back to DC

Joining Trump

Politics

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Japan’s Kato says no plan for talks with US Treasury Secretary Bessent at present

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by Fxstreet

Japan’s Kato says no plan for talks with US Treasury Secretary Bessent at present

Japanese Finance Minister Katsunobu Kato said on Tuesday that he has no fixed plan right now to hold further talks with US Treasury Secretary Bessent.

Japan

Macroeconomics

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Trump to leave G7 after resisting joint statement on Israel-Iran conflict

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by Forex Live

Trump to leave G7 after resisting joint statement on Israel-Iran conflict

Financial Times report

Oil

Politics

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PBOC sets USD/CNY reference rate at 7.1746 vs. 7.1789 previous

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by Fxstreet

PBOC sets USD/CNY reference rate at 7.1746 vs. 7.1789 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1746 as compared to the previous day's fix of 7.1789 and 7.1820 Reuters estimate.

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PBOC sets USD/ CNY central rate at 7.1746 (vs. estimate at 7.1820)

News Discussion Forum

by Forex Live

PBOC sets USD/ CNY central rate at 7.1746 (vs. estimate at 7.1820)

PBOC CNY reference rate setting for the trading session ahead.

CNY

China Stock Market

China

CNH

pboc

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Japan fin min Kato says no plan for talks with Bessent at present

News Discussion Forum

by Forex Live

Japan fin min Kato says no plan for talks with Bessent at present

In effect Kato helping the yen along lower

JPY

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White House denies the US is attacking Iran

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by Forex Live

White House denies the US is attacking Iran

The White House addressing Twitter lie about the US attacking Iran

Oil

Politics

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US and Japan fail to reach trade deal at G-7 summit

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by Fxstreet

US and Japan fail to reach trade deal at G-7 summit

US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach a trade agreement on the sidelines of the Group of Seven summit, per Bloomberg.

Japan

UnitedStates

Macroeconomics

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Japan's finance minister Kato expresses concern about oil supply, prices

News Discussion Forum

by Forex Live

Japan's finance minister Kato expresses concern about oil supply, prices

Oil

JPY

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Iranian state broadcaster hit as Iran urges Trump to make Israel stop war - Reuters

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by Fxstreet

Iranian state broadcaster hit as Iran urges Trump to make Israel stop war - Reuters

On Monday, an Israeli attack targeted Iran's state broadcaster, while the head of the United Nations nuclear watchdog reported substantial damage to Iran's largest uranium enrichment facility, and Iran urged the United States (US) to force a ceasefire in the aerial war, per Reuters.

Macroeconomics

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Trump says its 'very important' that he heads back to DC early

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Trump says its 'very important' that he heads back to DC early

"I have to be back as soon as I can"

Oil

Politics

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Singapore exports have fallen in May vs a rise that was expected

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by Forex Live

Singapore exports have fallen in May vs a rise that was expected

Surprise drop in exports - Singapore Non-oil Domestic Exports (NODX) data

SGD

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USD/CAD drifts higher above 1.3550 on firmer US Dollar

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by Fxstreet

USD/CAD drifts higher above 1.3550 on firmer US Dollar

The USD/CAD pair recovers some lost ground to around 1.3580 during the early Asian session on Tuesday. The US Dollar strengthens against the Canadian Dollar (CAD) as investors monitor the conflict between Israel and Iran for signs it could escalate into a broader regional conflict.

Majors

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Macroeconomics

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U.S. official says no intention of initiating offensive operations against Iran

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by Forex Live

U.S. official says no intention of initiating offensive operations against Iran

Says that that the military’s current stance is strictly defensive

Oil

Politics

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Risk assets selling off on Trump National Security Council news ... but wait!

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by Forex Live

Risk assets selling off on Trump National Security Council news ... but wait!

Risk FX lower, US equity index futures lower ... news now Trump is staying for dinner at the G7

SPX

AUD

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Chinese embassy in Israel advises Chinese citizens to leave Israel ASAP

News Discussion Forum

by Forex Live

Chinese embassy in Israel advises Chinese citizens to leave Israel ASAP

Recommends citizens to leave via land crossing towards Jordan

China

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Carney and Trump commit to reaching new trade agreement within 30 days - Reuters

News Discussion Forum

by Fxstreet

Carney and Trump commit to reaching new trade agreement within 30 days - Reuters

Canadian Prime Minister Mark Carney said on Monday that he had agreed with US President Donald Trump that their two nations should try to wrap up a deal on tariffs within 30 days, per Reuters.

Macroeconomics

UnitedStates

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GBP/USD hangs out near highs ahead of double-header central bank rate calls

News Discussion Forum

by Fxstreet

GBP/USD hangs out near highs ahead of double-header central bank rate calls

GBP/USD continues to churn chart paper on the high end of 40-month peaks, cycling the 1.3600 region as Cable traders enjoy a continued boost. Greenback flows continue to wither across the board on geopolitical headlines, keeping the Pound Sterling buoyed as dual central bank rate calls loom ahead.

GBPUSD

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Fed

BOE

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Fox reporting that Trump requests NSC be prepared in Situation Room

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Fox reporting that Trump requests NSC be prepared in Situation Room

Politics

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France's Macron says it good that Trump has left the G7 early

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by Forex Live

France's Macron says it good that Trump has left the G7 early

Positive for a ceasefire says the French President

Politics

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US President Donald Trump calls for Tehran evacuation - Bloomberg

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by Fxstreet

US President Donald Trump calls for Tehran evacuation - Bloomberg

US President Donald Trump called for the evacuation of Iran’s capital Tehran on Monday, hours after urging the country's leaders to accept a deal to curb its nuclear program as Israel hinted that attacks would continue, per Bloomberg

MiddleEast

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DollarIndex

UnitedStates

Israel

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Trump is leaving the G7 summit EARLY and will return to DC tonight.

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by Forex Live

Trump is leaving the G7 summit EARLY and will return to DC tonight.

Oil

Politics

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Trump's 'evacuate Tehran' tweet is all about getting Iran to negotiate says White House

News Discussion Forum

by Forex Live

Trump's 'evacuate Tehran' tweet is all about getting Iran to negotiate says White House

Lit crit from the White House now

Politics

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New Zealand Food Price Index for May 2025 +0.5% m/m (prior +0.8%)

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by Forex Live

New Zealand Food Price Index for May 2025 +0.5% m/m (prior +0.8%)

New Zealand Food Price Index

NZD

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Ueda Speech: BoJ Governor discusses policy outlook after maintaining interest rate

News Discussion Forum

by Fxstreet

Ueda Speech: BoJ Governor discusses policy outlook after maintaining interest rate

Bank of Japan (BoJ) Governor Kazuo Ueda is holding a press conference to explain the reasons behind maintaining the key interest rate at 0.5% on Tuesday.

BOJ

CentralBanks

USDJPY

Bonds

SEO

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Japan PM Ishiba says did not reach trade deal agreement with Trump

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by Forex Live

Japan PM Ishiba says did not reach trade deal agreement with Trump

Says will continue tariff talks

JPY

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"Carney and Trump commit to reaching trade deal within 30 days"

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by Forex Live

"Carney and Trump commit to reaching trade deal within 30 days"

Something new - they appear to have a 30 day time frame on reaching an agreement

CAD

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Trump says everyone should immediately evacuate Tehran

News Discussion Forum

by Forex Live

Trump says everyone should immediately evacuate Tehran

Social media post from the prez

Oil

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News Discussion Forum

by Forex Live

UBS forecasts gold to $3,500/oz

Also, UBS says that the geopolitical risk premium is inflated relative to the actual threat to global oil supply

Oil

SPX

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NZD/JPY Price Forecast: Surges above key resistance near 88.00

News Discussion Forum

by Fxstreet

NZD/JPY Price Forecast: Surges above key resistance near 88.00

The NZD/JPY rallied sharply and posted gains of over 1%, trading at 87.69 after bouncing off daily lows of 86.56, clearing key technical resistance levels, as the pair seems poised to challenge the year-to-date (YTD) high of 89.71.

Crosses

Technical Analysis

Currencies

NZDJPY

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