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Further weakness in the U.S. dollar has contributed to renewed bullish momentum in the currency pair, continuing to drive the price action upward toward the key resistance level at 1.1900. The sustained decline in dollar strength—possibly influenced by dovish Federal Reserve commentary, softer economic data, or shifting risk sentiment—has enhanced investor appetite for the counter-currency, leading to increased buying pressure.
EU states and Parliament agreed to ease gas storage rules to avoid driving up energy prices, the European Commission announced Tuesday
Norway's Equinor says its Johan Castberg oilfield in the Arctic is now producing at full capacity of 220,000 barrels/day after a brief May outage.
UK pledges £9bn/year to fix schools, hospitals, courts & prisons. £725bn over 10 years aims to renew infrastructure, boost safety & build 500,000 homes.
Spain's PM Sánchez rejects NATO's 5% GDP defense spending proposal, calling it unreasonable and incompatible with Spain's welfare model and global vision.
Arizona revives Bitcoin reserve bill as Senate votes 16-14 to reconsider it. The bill allows a state-run fund to manage forfeited crypto and digital assets.
Top diplomats from the UK, France, and Germany seek last-minute talks with Iran as the US weighs joining Israel's military actions against Tehran soon.
SpaceX's Starship exploded in a fireball during testing in Texas, marking another setback for Elon Musk's Mars rocket program ahead of its 10th test flight.
Retail sales volumes in the UK saw a significant decline in May 2025, falling by 2.7% compared to the previous month. This marks a sharp reversal from the 1.3% increase recorded in April 2025, which was revised upward from an initial estimate of 1.2%. One of the key contributors to the decline was the drop in food store sales, which had
UK consumer confidence rises slightly to -18 but remains weak amid Middle East tensions, petrol price fears, and lingering concerns over inflation and trade wars.
Japan says trade talks with the U.S. remain unclear, as Tokyo struggles to secure a deal and end U.S. tariffs on Japanese cars before the July 9 deadline.
Juventus extend Adidas deal until 2037, worth €408M over 10 years. The current contract, running through 2027, remains unchanged, the club said.
Syria made its first SWIFT bank transfer since the war began, sending money to an Italian bank—marking a step toward rejoining the global financial system.
Norway's central bank cut rates by 25 bps to 4.25%, its first since 2020, surprising analysts and weakening the krone, with more cuts expected this year.
Japan boosts long-term LNG deals amid AI growth, cleaner energy costs, and a new energy plan, while China's LNG imports are expected to decline this year.
Ford is recalling 197,432 Mustang Mach-E vehicles (2021–2025) in the U.S. due to a risk of back seat passengers getting trapped during emergencies, NHTSA said.
Japan plans to cut super-long bond sales by 10% this fiscal year to ease oversupply worries after weak demand and a surge in yields, a draft document shows.
U.S. safety board urges action on risk of smoke entering Boeing 737 MAX jets with LEAP-1B engines, calling for urgent steps to fix the issue.
U.S. gov's golden share in U.S. Steel won't stop Nippon Steel from making key decisions, CEO Hashimoto said after closing the $14.9B deal.
The Swiss National Bank (SNB) has cut its interest rate by 0.25 percentage points to 0%, starting June 20, 2025. This is due to falling inflation, which dropped from 0.3% in February to -0.1% in May, mainly because of cheaper oil and lower travel prices. Banks will now earn 0% interest on their deposits at the SNB, up to a certain
Intel hired three chip execs as CEO Lip-Bu Tan revamps leadership, cuts staff, boosts customer focus, and aims to turn around its foundry and chip business.
US jobless claims fell by 5,000 to 245,000 last week, matching forecasts, but still signal weakening labor market momentum in June.
Trump plans to name a new Fed chair soon, despite a year left in Powell's term, sparking market concerns as he pushes for lower interest rates.
Bond investors are shifting from the U.S. to stable Asian markets, with Malaysia leading. Foreign ownership is rising from Indonesia to India.