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European indices slightly higher at the open in final stretch of the week
European indices slightly higher at the open in final stretch of the week
It's been a positive week overall, largely thanks to the Monday jump
My Forex Funds Triumphs Over CFTC in Landmark Legal Battle
My Forex Funds Triumphs Over CFTC in Landmark Legal Battle
News Discussion Forum
FxVerify By at FxVerify
My Forex Funds Triumphs Over CFTC in Landmark Legal Battle
A U.S. judge dismissed the CFTC’s case against My Forex Funds, citing misconduct and lack of candor, and ordered the agency to pay legal fees. This marks a major legal win for MFF.
prop firm
myforexfunds
retail
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.92, with the EUR/INR pair rising from its previous close at 95.69.
USDINR
Currencies
EmergingMarkets
Macroeconomics
eToro Underwriters Exercised Stock Options “In Full”, Brought Another $93M
eToro Underwriters Exercised Stock Options “In Full”, Brought Another $93M
News Discussion Forum
By Finance Magnates
eToro Underwriters Exercised Stock Options “In Full”, Brought Another $93M
eToro (Nasdaq: ETOR) has raised $403 million from its initial public offering (IPO). The underwriters exercised their stock options “in full” at a price of $52 per share, buying 1,788,452 shares, m...
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY remains subdued around 93.20 during Asian trading hours on Friday, extending its losses for the third successive session. The currency cross has given up its daily gains as the Japanese Yen (JPY) appreciates despite weaker domestic data.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
The GBP/JPY cross extends its downside to near 193.40 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Pound Sterling (GBP) despite Japan’s disappointing GDP report. 
GBPJPY
Crosses
Macroeconomics
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $959.22 a troy ounce, with the XPD/USD pair easing from its previous close at $964.05.
Metals
Commodities
Palladium
What are the main events for today?
What are the main events for today?
The US University of Michigan Consumer Sentiment report is the only highlight
market overview
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.14 per barrel, down from Thursday’s close at $61.24.
Oil
Commodities
WTI
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP is rebounding from recent losses, trading near 0.8420 during Friday’s Asian session.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
One key chart to watch out for in the months ahead
One key chart to watch out for in the months ahead
As US-China tariffs are reduced for the time being, what's the potential impact?
market overview
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
The USD/CAD pair attracts some sellers for the second straight day on Friday, though it remains confined in a range held since the beginning of this week. Spot prices currently trade just below mid-1.3900s, down over 0.10% for the day amid a combination of negative factors.
USDCAD
Fed
Technical Analysis
Majors
Currencies
USD/CHF extends downside below 0.8350 on soft inflation reports
USD/CHF extends downside below 0.8350 on soft inflation reports
The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.
USDCHF
Majors
Macroeconomics
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
USDCAD
ECB’s Kazaks: Meeting-by-meeting approach is right
ECB’s Kazaks: Meeting-by-meeting approach is right
European Central Bank (ECB) policymaker Martins Kazaks said on Friday that “meeting-by-meeting approach is right.”
CentralBanks
ECB
EURUSD
InterestRate
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.
EURJPY
Crosses
Technical Analysis
Oil traders: Watch Potential U.S. sanctions Against Russia
Oil traders: Watch Potential U.S. sanctions Against Russia
Should sanctions be enacted, markets can expect volatility in oil prices.
Oil
Politics
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that “we are not currently in a currency war but rather a trade war situation.”
ECB
CentralBanks
EURUSD
InterestRate
China’s Vice President Han: There is ample room for collaboration between US and China
China’s Vice President Han: There is ample room for collaboration between US and China
China's Vice President Han Zheng said on Friday that “there is ample room for collaboration between the US and China.”
China
UnitedStates
TradeWar
DollarIndex
China vice president Han says there is ample room for collaboration between US and China
China vice president Han says there is ample room for collaboration between US and China
The remarks come via state media after China vice president, Han Zheng, met with Invesco chairman, Rick Wagoner
Politics
FX option expiries for 16 May 10am New York cut
FX option expiries for 16 May 10am New York cut
A look at what is on the board for today
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.
DollarIndex
Technical Analysis
Currencies
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year.
GBPUSD
Majors
Macroeconomics
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD has recovered its daily losses, trading around 1.1200 during the Asian hours on Friday. The pair receives support as the US Dollar (USD) weakens following the recent economic data released on Thursday.
EURUSD
Macroeconomics
Majors
Eurozone
BoJ’s Nakamura: Economic uncertainty heightening, so cautious policy approach necessary
BoJ’s Nakamura: Economic uncertainty heightening, so cautious policy approach necessary
Bank of Japan (BoJ) board member Toyoaki Nakamura said on Friday that “uncertainty over economic outlook heightening, so cautious monetary policy approach is necessary.”
BOJ
USDJPY
CentralBanks
Inflation
Gold price keeps the red amid falling safe-haven demand; holds above $3,200 on softer USD
Gold price keeps the red amid falling safe-haven demand; holds above $3,200 on softer USD
Gold price (XAU/USD) remains depressed through the early European session on Friday and for now, seems to have stalled the previous day's sharp recovery from the $3,120 region, or the lowest level since April 10.
Gold
Commodities
RiskAppetite
Fed
SEO
ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
Forex news for Asian trading on Friday, May 16, 2025
Session wrap
Wrap Asia
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD halts its two-day losing streak, trading around 0.5890 during the Asian hours on Friday. The pair advances after the release of the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for Q2 2025.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.
NZDUSD
Inflation
RBNZ
NewZealand
EconomicIndicator
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's fin min has released its monthly 'Green Book' economic report
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday’s Asian trading hours.
Silver
XAGUSD
Metals
Macroeconomics
Commodities
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
The Japanese Yen (JPY) retains its positive bias against a weaker US Dollar (USD) heading into the European session, with the USD/JPY pair struggling to register any recovery from the weekly low touched earlier this Friday.
USDJPY
GDP
BOJ
Fed
SEO
USD/INR climbs on renewed US Dollar demand
USD/INR climbs on renewed US Dollar demand
The Indian Rupee (INR) loses momentum on Friday. The renewed US Dollar (USD) demand from importers and continued foreign fund outflows weigh on the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
ICYMI: Wisconsin sells entire bitcoin ETF position after early bet on BlackRock fund
ICYMI: Wisconsin sells entire bitcoin ETF position after early bet on BlackRock fund
State of Wisconsin Investment Board (SWIB) has exited its position in BlackRock’s iShares Bitcoin Trust ETF (IBIT)
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
The Australian Dollar (AUD) halts its two-day losing streak against the US Dollar (USD) on Friday. The risk-sensitive AUD/USD pair benefits from easing global trade tensions.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan's Economy Minister Ryosei Akazawa said on Friday that the government will continue to demand a review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms. 
Japan
UnitedStates
Macroeconomics