Vessel Traffic Through Strait of Hormuz Triples Amid Rising Shipping Confidence
Ship crossings in the Strait of Hormuz nearly tripled week-on-week, rising from 32 to 93 vessels as geopolitical tensions ease and diplomatic developments restore confidence. A temporary OFAC license also helped reduce compliance uncertainties, contributing to the surge in maritime activity through the key shipping route.
U.S. Manufacturing Job Losses Reach Worst Level Since Pandemic
U.S. manufacturers have cut jobs at the fastest rate since the COVID-19 pandemic, highlighting mounting pressures from weak demand, high borrowing costs, and trade uncertainties. This signals increasing stress within the industrial sector and broader economic challenges ahead.
GBP/USD Forecast Note for the Week (23 June 2026)
Ahead of Friday's Core PCE Price Index data, the GBP/USD saw Monday's brief rally capped and the downside march to 1,317 resumes.
BOE's Taylor Highlights Impact of QT Sales Adjustments on This Year's Decisions
Bank of England's Taylor emphasized that the focus on quantitative tightening (QT) sales adjustments will significantly influence policy decisions throughout the year, mirroring the approach planned for 2025. This signals continued attention to asset sales as a key factor in monetary strategy.
BOE's Taylor Compares Current Wage Increases to 2011 Levels, Not 2022
Bank of England's Andrew Bailey Taylor states that the current wage growth situation resembles that of 2011 rather than the recent 2022 period, implying a slower or more subdued wage increase environment. This perspective may influence monetary policy outlook and inflation expectations.
BoE's Taylor Sees No Significant Second-Round Effects in UK Economy
Bank of England's policymaker Andrew Bailey Taylor stated that there have not been significant second-round inflationary effects in the UK, suggesting limited knock-on impact from initial price shocks. This assessment may influence monetary policy decisions going forward.
Macklem Sees No Significant Impact from Higher Oil Prices on Other Goods and Services
Bank of Canada Governor Macklem stated that the central bank has not yet observed a significant impact from rising oil prices on the broader goods and services sector. This suggests current inflationary pressures remain contained despite higher energy costs.
Euro drops below 1.1400 as hawkish Fed bets push the US Dollar to one-year highs
Euro drops below 1.1400 as hawkish Fed bets push the US Dollar to one-year highs
Macklem Says Falling Oil Prices Ease Inflation Concerns
Bank of Canada Governor Macklem indicated that the recent decline in oil prices helps mitigate some inflationary pressures. This development could influence monetary policy decisions moving forward.
Japanese Yen Technical Outlook: USD/JPY Challenges 2024 Highs as Intervention Risk Looms
Japanese yen weakness and USD/JPY breakout risks are back in focus as the currency pair tests major resistance near its 2024 highs. Michael Boutros, Senior Market Analyst at FOREX.com, examines the technical outlook for USD/JPY, the growing threat of Japanese intervention, extreme retail positioning, and why upcoming U.S. inflation data could determine whether the rally extends further.