RBA Saw Higher Rates Needed to Manage Inflationary Risks from Energy Price Shock, Seen as Hawkish, Pushing AUD Higher; US Begins Military Action to Escort Vessels Through Strait of Hormuz, Trades Fire with Iran, Sinks "Fast Boats"; Gasoline, Brent Crude Oil Futures Close at Fresh Highs; Trump Does Not Follow Through on Iran Bombing Threat, Iran Bombs UAE Without Retaliation; Bitcoin Reaches New 3-Month High
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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Stock Markets Mostly Bullish, Led Higher by Tech and Asia; Bitcoin Breaks $80k to 3-Month High; President Trump Declares USA Will Militarily Escort Ships Through Strait of Hormuz
The U.S. Federal Reserve held interest rates at the benchmark federal funds rate in a range between 3.5%-3.75percent, its lowest rate since November 2022. This marked the third straight meeting that the Fed has kept rates unchanged.
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Trump Preparing for Long-Term Iran Blockade, But Also Exploring Military Strike Options; Energies Rise Sharply Higher, Gasoline and WTI ETFs Reach Multi-Year Highs; Yen Weakens, USD/JPY Reaches 18-Month High >160.50; ECB, Bank of England Expected to Hold Rates
Federal Reserve Policy Meeting and Bank of Canada Today, Details Will be Watched, Rate Holds Strongly Expected; Australian Inflation Undershoots Expectations; US Stock Markets Higher on Tech Earnings Optimism; WSJ Reports Trump Preparing for Long-Term Iran Blockade
Bank of Japan Holds, but 3 Members Vote for Rate Hike; S&P 500, NASDAQ 100 Reach All-Time Highs; Energies Rise as Hormuz Remains Closed While Trump Poised to Reject Iran Offer, Gasoline Futures Reach New Highs
No US Military Action Over Weekend, Suggesting Blockade Strategy; S&P 500, NASDAQ 100 Reach All-Time Highs; Iran Offers Hormuz Deal & Postpone Nuclear Talks
US Stock Markets Rise, Tech-Based NASDAQ 100 Rises to Fresh All-Time High Price; Trump Says no Ceasefire Extension Deadline, but Rumour Says Sunday; Fears USA / Iran War May Resume
Markets are balancing extended ceasefire hopes with strong US data and upcoming UK CPI, as traders watch yields, oil, and Middle East headlines for direction.
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USA / Iran Ceasefire Expires at 8pm Eastern Time Today; Markets Expect Peace Deal or Ceasefire Extension; USA Going to Pakistan Talks, Iran May Not Show; New Zealand Inflation Ticks Higher; US Retail Sales, Fed Chair-Designate Testimony Await
Iran/USA Ceasefire Expires Wednesday Morning; Prediction Markets Still Expect USA/Iran Deal in May, Ceasefire Extension This Week; US Military Attacks and Seizes Iranian Cargo Ship Near Hormuz; Iran Currently Refusing to Attend Pakistan Parley
Prediction Markets Expect USA/Iran Deal in May; S&P 500 Index Trades Well Above 7,000, MSCI World Reaches New Record High; WTI Crude Oil Finds Support Below $90; UK GDP Surprises to Upside
The US producer price index (PPI), which measures inflation before it hits consumers, surged in March to 4.0% year-on-year.
Optimism Continues Over Iran Deal, Trump & Vance Send Positive Signals; Stocks Higher, Crude Oil Below $90; Bitcoin Retreats from Bullish Breakout; Lower US PPI Data
Despite US Blockade, Optimism Rises Over Iran Deal; Stocks Higher, Crude Oil Lower, Bitcoin Threatens Bullish Breakout; Singapore Central Bank Tightens on Iran War, Markets Await US PPI Data