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"Millionaires' Factory" Faces Reckoning Over 14-Year Short Sale Reporting Failures
"Millionaires' Factory" Faces Reckoning Over 14-Year Short Sale Reporting Failures
News Discussion Forum
By Finance Magnates
"Millionaires' Factory" Faces Reckoning Over 14-Year Short Sale Reporting Failures
Australia's financial watchdog has launched legal proceedings against Macquarie over allegations it misreported millions of short sales to market operators over a 14-year period, potentially distor...
Asic
Macquarie
eToro Upsizes IPO Price to $52 a Share: Aims to Raise $310M at $4.2B Valuation
eToro Upsizes IPO Price to $52 a Share: Aims to Raise $310M at $4.2B Valuation
News Discussion Forum
By Finance Magnates
eToro Upsizes IPO Price to $52 a Share: Aims to Raise $310M at $4.2B Valuation
eToro has confirmed that it has increased the price of its initial public offering (IPO) to $52 per share, as its shares are set to begin trading publicly on Nasdaq today (Wednesday) under the tick...
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $953.80 a troy ounce, with the XPD/USD pair easing from its previous close at $957.25.
Metals
Commodities
Palladium
TP ICAP Posts Record Revenue as Trump's Trade Policy Uncertainty Spurs Trading
TP ICAP Posts Record Revenue as Trump's Trade Policy Uncertainty Spurs Trading
News Discussion Forum
By Finance Magnates
TP ICAP Posts Record Revenue as Trump's Trade Policy Uncertainty Spurs Trading
TP ICAP, the world's largest interdealer broker, reported record quarterly revenue of £629 million for the first quarter of 2025, a 10% increase from the same period last year, as market volatility...
TP Icap
Q1 2025
ICAP
What are the main events for today?
What are the main events for today?
Central bank speakers are the only highlight
market overview
BoE’s Mann: UK labor market has been more resilient than expected
BoE’s Mann: UK labor market has been more resilient than expected
“The UK labor market has been more resilient than expected,” Bank of England (BoE) policymaker Catherine Mann said on Wednesday.
BOE
CentralBanks
GBPUSD
InterestRate
Eurostoxx futures -0.1% in early European trading
Eurostoxx futures -0.1% in early European trading
Light changes as we look to the session ahead
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 Wednesday, early in the European session. WTI trades at $62.94 per barrel, down from Tuesday’s close at $63.23.
Oil
WTI
Commodities
Germany April final CPI +2.1% vs +2.1% y/y prelim
Germany April final CPI +2.1% vs +2.1% y/y prelim
Latest data released by Destatis - 14 May 2025
EUR/JPY Price Forecast: Bullish outlook remains in play near 164.50
EUR/JPY Price Forecast: Bullish outlook remains in play near 164.50
The EUR/JPY cross attracts some sellers to around 164.40 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid the prospects for further policy normalization by the Bank of Japan (BoJ).
EURJPY
Technical Analysis
Crosses
Bullish
AUD/JPY trades with modest losses above 95.00, remains close to two-month top set on Tuesday
AUD/JPY trades with modest losses above 95.00, remains close to two-month top set on Tuesday
The AUD/JPY cross attracts some sellers during the Asian session on Wednesday, and for now, it seems to have snapped a two-day winning streak to the 95.65 area, or a nearly two-month high touched the previous day.
AUDJPY
BOJ
RiskAppetite
RBA
Currencies
USD/CHF breaks below 0.8400, downside appears limited due to dovish SNB policy outlook
USD/CHF breaks below 0.8400, downside appears limited due to dovish SNB policy outlook
The USD/CHF pair continues to lose ground for the second consecutive day, trading near 0.8390 during Wednesday’s Asian session. Downside risks appear limited, as growing expectations of further monetary easing by the Swiss National Bank (SNB) weaken the Swiss Franc (CHF).
USDCHF
Majors
Macroeconomics
Switzerland
SNB
China grants first rare earth export permits since adding restrictions last month – Reuters
China grants first rare earth export permits since adding restrictions last month – Reuters
Citing industry sources familiar with the matter, Reuters reported on Wednesday that China has granted its first rare earth export permits since adding restrictions last month.
China
TradeWar
UnitedStates
AUDUSD
China grants first rare earth export permits since adding restrictions last month - report
China grants first rare earth export permits since adding restrictions last month - report
Reuters reports, citing industry sources familiar with the matter
Politics
Dollar gets a check back as early week momentum falters
Dollar gets a check back as early week momentum falters
The greenback didn't get any love from the US CPI report yesterday
EUR/USD strengthens to near 1.1200 as risk appetite returns
EUR/USD strengthens to near 1.1200 as risk appetite returns
The EUR/USD pair gains ground to around 1.1195 during the Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Euro (EUR) after the cooler-than-expected US April inflation data.
EURUSD
Majors
Macroeconomics
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 Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
FX option expiries for May 14 NY cut
FX option expiries for May 14 NY cut
FX option expiries for May 14 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
USDCAD
Silver Price Forecast: XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day
Silver Price Forecast: XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day
Silver (XAG/USD) extends the previous day's retracement slide from the $33.20-$33.25 resistance zone and attracts some follow-through selling during the Asian session on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
FX option expiries for 14 May 10am New York cut
FX option expiries for 14 May 10am New York cut
A look at what is on the board for today
GBP/USD maintains position above 1.3300 after strong gains, focus turns to key UK, US data
GBP/USD maintains position above 1.3300 after strong gains, focus turns to key UK, US data
GBP/USD is trading around 1.3300 during Wednesday’s Asian session, stabilizing after posting over 1% gains in the previous session.
GBPUSD
Majors
Macroeconomics
UnitedKingdom
Gold price keeps the red as easing trade tensions undermine safe-haven demand; lacks bearish conviction
Gold price keeps the red as easing trade tensions undermine safe-haven demand; lacks bearish conviction
Gold price (XAU/USD) remains depressed through the first half of the European session on Wednesday, though it manages to hold above the #3,200 round-figure mark or the weekly through.
Gold
Commodities
RiskAppetite
Fed
SEO
ForexLive Asia-Pacific FX news wrap: Yen adds on a few points on a subdued day otherwise
ForexLive Asia-Pacific FX news wrap: Yen adds on a few points on a subdued day otherwise
Forex news for Asian trading on Wednesday, May 14, 2025
Session wrap
Wrap Asia
Bank of England Wednesday - two Pills and a Baileys
Bank of England Wednesday - two Pills and a Baileys
Chief Ecnomist Pill speaking twice, Goivneor Bailey aslo on the agenda
NZD/USD advances to near 0.5950 as US Dollar weakens on soft inflation data
NZD/USD advances to near 0.5950 as US Dollar weakens on soft inflation data
The NZD/USD pair advanced for the second consecutive session, hovering around 0.5940 during Wednesday’s Asian trading hours. The pair strengthened as the US Dollar (USD) came under pressure following softer-than-expected US inflation figures.
NZDUSD
Macroeconomics
Majors
NewZealand
Chinese internet giant Baidu preparing to test driverless ride-hailing service in Europe
Chinese internet giant Baidu preparing to test driverless ride-hailing service in Europe
Baidu plans to set up a local entity in Switzerland in the coming months and start testing the technology by the end of this year, the people said.
China Stock Market
China
US Dollar Index holds losses around 101.00 as inflation reduces in April
US Dollar Index holds losses around 101.00 as inflation reduces in April
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, remains subdued for a second consecutive day, hovering around 100.90 during Wednesday’s Asian session. The Greenback weakened following softer-than-expected US inflation data.
DollarIndex
Majors
Macroeconomics
UnitedStates
USD/INR softens on India-Pakistan ceasefire, eyes on Fedspeak
USD/INR softens on India-Pakistan ceasefire, eyes on Fedspeak
The Indian Rupee (INR) gathers strength on Wednesday on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan. Analysts said that any fresh developments on the geopolitical front are likely to significantly influence the INR’s trajectory in the near term.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
Japanese Yen bulls retain intraday control; USD/JPY seems vulnerable near 147.00 mark
Japanese Yen bulls retain intraday control; USD/JPY seems vulnerable near 147.00 mark
The Japanese Yen (JPY) retains its positive bias for the second straight day against a softer US Dollar (USD), with the USD/JPY pair trading near the 147.00 mark or the daily low heading into the European session on Wednesday.
USDJPY
Inflation
BOJ
RiskAppetite
SEO
Chinese company linked to TikTok  bought $300,000,000 of $TRUMP Coin
Chinese company linked to TikTok bought $300,000,000 of $TRUMP Coin
I'm sure everything is above board with this. Many would doubt it, I guess ....
Politics
Brazil’s Lula: Want to create a currency that does not make us dependent one currency
Brazil’s Lula: Want to create a currency that does not make us dependent one currency
"Dependent one currency" ... referring to the USD in case you are wondering ;-)
Australian Dollar maintains position as traders scale back odds of RBA's rate cuts
Australian Dollar maintains position as traders scale back odds of RBA's rate cuts
The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday after registering more than 1.50% gains in the previous session. The AUD/USD pair strengthened as the US Dollar weakened following softer-than-expected US inflation data.
AUDUSD
SEO
Macroeconomics
Australia
Majors
US Presi. Trump: i could see myself dealing with China’s Xi on deal
US Presi. Trump: i could see myself dealing with China’s Xi on deal
US President Donald Trump said in a Fox News interview early Wednesday that “I could see myself dealing with China’s President Xi Jinping on deal.”
UnitedStates
China
DollarIndex
TradeWar
PBOC sets USD/CNY reference rate at 7.1956 vs. 7.1991 previous
PBOC sets USD/CNY reference rate at 7.1956 vs. 7.1991 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1956 as compared to the previous day's fix of 7.1991 and 7.1813 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
South Korea unveils $3.25 billion lifeline for small firms facing U.S. tariff threat
South Korea unveils $3.25 billion lifeline for small firms facing U.S. tariff threat
The aid comes alongside a broader 13.8 trillion won supplementary budget approved earlier this month
Gold Price Forecast: XAU/USD holds below $3,250 on improved risk sentiment
Gold Price Forecast: XAU/USD holds below $3,250 on improved risk sentiment
The Gold price (XAU/USD) trades in negative territory around $3,245 during the early Asian session on Wednesday. Improved risk appetite in the financial markets due to a tariff deal between the United States (US) and China weighs on the yellow metal, a safe-haven asset.
Gold
XAUUSD
Commodities
Macroeconomics