Finance
US and Israel plan to attack Iran's energy infrastructure – CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.
Finance
Finance
Gold slides as US yields surge, keeping $4,100 out of reach
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, a…
Finance
FTC approves IonQ acquisition of SkyWater semiconductor foundry
IonQ has received final regulatory approval to buy SkyWater Technology, with the $1.8 billion deal expected to close on July 31. You should read it as an industrial commitment, not another quantum promise.
Finance
United States Dollar Index struggles near 100 after suspected Japanese intervention
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressu…
Finance
Apple set to lose nearly $500 billion in value after weak forecast
HOUSTON >> Chevron surpassed analyst estimates for second-quarter earnings today, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting pr…
Finance
Why is Perimeter Solutions stock plunging today?
Shares of medical technology company Stryker (NYSE:SYK) fell 7.3% in the morning session after the company reported second-quarter results that showed revenue that only met Wall Street's expectations and organic sales g…
Finance
Fed's Barkin: It's a close call whether interest rates are high enough
Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed's 2% target, accord…
Finance
USD/CHF Price Forecast: Bulls defend 50-day SMA as rebound builds
The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participant…
Finance
Australian Dollar holds despite weak Chinese PMIs
AUD/USD trades around the 0.7020 area during Friday's American session. The pair remains under mild pressure as disappointing Chinese business activity data offsets stronger Australian inflation expectations, while rene…
Finance
US Treasury anti-money laundering chief Gacki to join Citi as global head of sanctions
The head of the U.S. Treasury Department’s Financial Crimes Enforcement Network has been hired away by one of the world’s largest banks — the latest in a trend of regulators joining entities they formerly regulated.
Finance
Evercore ISI maintains top pick in IT Hardware & Networking
Apple drew investor attention on Wednesday after Evercore ISI reaffirmed it as the firm’s top stock pick in the technology hardware sector, highlighting robust iPhone demand.
Finance
The Japanese Yen has a second buyer nobody will name
Thursday's record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and th…
Finance
WTI Oil recovers above $83 ahead of OPEC meeting
West Texas Intermediate (WTI) US Oil trades higher on Friday, rising 0.76% to around $83.30 after staging a sharp rebound from an intraday low below $80.00. The Crude Oil has erased some of its weekly losses and is on t…
Finance
Euro: Range seen around mid‑1.15s against US Dollar – Scotiabank
Scotiabank’s FX team notes EUR/USD is drifting toward 1.15 after a Fed‑driven rally, with euro area CPI broadly in line with expectations and French data briefly lifting the Euro. Rate expectations are stabilizing, with…
Finance
Euro recovers as Eurozone inflation stays firm
EUR/USD trades near the 1.1530 area during Friday's American session, consolidating after a strong rally off intraday lows. The Euro found support from resilient Eurozone inflation data, although gains remain capped as …
Finance
Japanese Yen strengthens against British Pound amid intervention speculation
GBP/JPY extends its slide on Friday as suspected intervention by Japanese authorities rattles the FX market and lifts the Yen across the board, pushing the cross further away from the multi-year high of 219.16 touched e…
Finance
Bank of Canada: Strong GDP lowers cut risk – TD Securities
TD Securities’ Robert Both and Emma Lawrence note that stronger-than-expected Canadian Gross Domestic Product (GDP) data support a brighter growth outlook but do not materially change their Bank of Canada (BoC) view. Th…
Finance
Japanese Yen: Intervention slows but does not reverse trend – ING
ING’s Chris Turner describes USD/JPY’s rollercoaster, with a 3% drop on reported Japanese intervention followed by a near 2% rebound. He notes that coordinated Fed-Treasury involvement was key in January but now sees th…
Finance
Silver Price Forecast: XAG/USD consolidates above $55 as downside momentum eases
Silver (XAG/USD) trades on the back foot on Friday as rising US Treasury yields outweigh support from a weaker US Dollar (USD). At the time of writing, XAG/USD trades around $57.50, down 2% on the day and on track to cl…
Finance
New Zealnd Dollar weakens after China PMI miss as the US Dollar rebounds
NZD/USD trades around 0.5860 on Friday, down 0.33% on the day, as investors react to another deterioration in Chinese business activity. China, New Zealand's largest trading partner, reported that the official NBS Manuf…
Finance
Canadian Dollar: Balanced growth supports CAD – TD Securities
TD Securities strategists expect Canadian real Gross Domestic Product (GDP) to rise by 0.2% m/m in May, exceeding the flash estimate and extending April’s 0.5% gain. They highlight balanced growth across goods and servi…
Finance
Canada: Growth outpaces forecasts – RBC
Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian Gross Domestic Product (GDP) rose 0.3% in May, with an advance estimate of 0.2% for June, indicating a solid second-quarter rebound aft…
Finance
Japanese Yen surges amid hawkish BoJ
USD/JPY trades sharply lower near the 159.50 area on Friday as the Japanese Yen (JPY) strengthens following intervention by Japanese authorities and a relatively hawkish Bank of Japan (BoJ) policy announcement.
Finance
Japanese Yen: Policy credibility and intervention dynamics – BNY
BNY’s Geoff Yu highlights that the Japanese Yen (JPY) entered the latest Bank of Japan (BoJ) decision and suspected intervention with weak flow momentum and lighter positioning, even as investors remained net long JPY a…