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GBPUSD spends the day waffling up-and-down in a narrow range
GBPUSD spends the day waffling up-and-down in a narrow range
The price does stay below old swing highs before this week
GBP
USD
Dow Jones Industrial Average halts declines as bond yields ease
Dow Jones Industrial Average halts declines as bond yields ease
The Dow Jones Industrial Average (DJIA) bounced off a fresh bottom on Thursday, clawing its way out of the basement after a sharp tumble during the midweek trading window.
DowJones
SEO
Equities
Bonds
Forex Today: Japanese inflation data take centre stage
Forex Today: Japanese inflation data take centre stage
The US Dollar (USD) managed to reverse part of its recent multi-day pullback on Thursday as investors assessed the stronger-than-expected US business activity readings and the US fiscal front, particularly after President Trump’s sweeping tax bill cleared the House of Representatives.
Inflation
USDJPY
Japan
EURUSD
Currencies
EXANTE Names Former Deutsche Bank Executive Robert Parker as Head of Risk
EXANTE Names Former Deutsche Bank Executive Robert Parker as Head of Risk
News Discussion Forum
By Finance Magnates
EXANTE Names Former Deutsche Bank Executive Robert Parker as Head of Risk
EXANTE appointed Robert Parker as Head of Risk, Financial Markets. With over two decades of industry experience, Parker will now step into the London-based role.
US Dollar Index steadies near 100.00 as fiscal risks cap upside despite upbeat PMI data
US Dollar Index steadies near 100.00 as fiscal risks cap upside despite upbeat PMI data
The US Dollar index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading cautiously around the 100.00 mark on Thursday after recovering from a two-week low and bouncing off key support at the 99.50 psychological level earlier in the day.
DollarIndex
TradeWar
PMI
UnitedStates
AUD/USD slips as strong US PMI data offsets fiscal jitters
AUD/USD slips as strong US PMI data offsets fiscal jitters
The Australian Dollar (AUD) came under renewed pressure on Thursday as the US Dollar (USD) found its footing, with risk appetite fading and broader markets tilting defensively.
AUDUSD
Currencies
Majors
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD tumbled below 1.1300 on Thursday as economic data from the United States (US) fared better than expected compared to Eurozone Flash Purchasing Managers Index (PMI) figures for May. At the time of writing, EUR/USD trades at 1.1271, down by 0.55%.
EURUSD
Technical Analysis
PMI
Fundamental Analysis
SEO
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
The Group of 7 (G7) finance leaders wrapped up its most recent summit on Thursday, with EU Economic Commissioner Valdis Dombrovskis characterizing the talks as “positive and successful,” particularly in advancing support for Ukraine and addressing global economic imbalances.
EURUSD
Politics
TradeWar
Mexican Peso gains as inflation surprises, but US risks persist
Mexican Peso gains as inflation surprises, but US risks persist
The Mexican Peso (MXN) is gaining traction against the US Dollar (USD) on Thursday, supported by a hotter-than-expected mid-May inflation reading.
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
ADSS Head of Sales Steps Down After More Than a Decade with the Company
ADSS Head of Sales Steps Down After More Than a Decade with the Company
News Discussion Forum
By Finance Magnates
ADSS Head of Sales Steps Down After More Than a Decade with the Company
Ammar Bader has announced his departure from ADSS. In a LinkedIn post, he confirmed that he has stepped down from his position as Head of Sales.
ADSS
retail
retail FX
moves
MOVE
industry move
executive moves
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic.
GBPUSD
PMI
Fundamental Analysis
Macroeconomics
BOJ
White House: Trump believes things moving in the right direction with Iran
White House: Trump believes things moving in the right direction with Iran
White House officials will travel to Rome this weekend to meet with Iranian counterparts
Politics
Next week the US Treasury sells 2s, 5s and 7s
Next week the US Treasury sells 2s, 5s and 7s
A look a the upcoming Treasury auction schedule
US was not convinced about lowering G7 oil price cap during G7 finance meeting
US was not convinced about lowering G7 oil price cap during G7 finance meeting
US was not convinced about reducing G7 oil price during finance meeting, citing declining prices hurting Russia. Discussions ongoing about potential price decrease.
Kraken to Offer Tokenized U.S. Stocks on Solana Blockchain, Eyes Global Clients
Kraken to Offer Tokenized U.S. Stocks on Solana Blockchain, Eyes Global Clients
News Discussion Forum
By Finance Magnates
Kraken to Offer Tokenized U.S. Stocks on Solana Blockchain, Eyes Global Clients
Crypto exchange Kraken plans to offer tokenized versions of popular U.S. equities. According to the exchange's announcement today (Thursday), Kraken will list a new suite of tokenized equities dubb...
Freddie Mac 30-year mortgage rate for the current week highest since February
Freddie Mac 30-year mortgage rate for the current week highest since February
Freddie Mac reports a rise in U.S. mortgage rates, with the 30-year fixed-rate climbing to 6.86%. Affordability challenges persist, impacting buyer activity in the housing market.
Gold trips down amid firm US Dollar, despite falling US yields
Gold trips down amid firm US Dollar, despite falling US yields
Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of $3,345 earlier.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
NZDUSD finds support again — upside momentum hinges on clustered MAs
NZDUSD finds support again — upside momentum hinges on clustered MAs
NZDUSD holds 200-bar MA on 4-hour chart at 0.58957; topside resistance defined by a cluster of moving averages
NZD
USD
EU's Dombrovskis: Ministers put forth proposals on further Russian sanctions
EU's Dombrovskis: Ministers put forth proposals on further Russian sanctions
There was a suggestion to lower oil price cap to $50/barrel
USDJPY pushes toward first resistance — cluster of key levels looms ahead
USDJPY pushes toward first resistance — cluster of key levels looms ahead
USDJPY rebounds to test key swing area; upside momentum faces major resistance cluster from 144.10 to 145.63
Silver Price Forecast: Silver retreats from seven-week highs
Silver Price Forecast: Silver retreats from seven-week highs
Silver (XAG/USD) reverses sharply lower on Thursday after briefly testing $33.70, its highest level in seven weeks, showing signs of near-term fatigue after a strong upside breakout on Wednesday to trade around $32.95 during the American session.
Silver
Technical Analysis
KC Fed manufacturing index -10 vs -5 prior
KC Fed manufacturing index -10 vs -5 prior
KC Fed manufacturing index declines
USD/CAD holds ground, weak Canadian data caps losses
USD/CAD holds ground, weak Canadian data caps losses
The US Dollar (USD) continues to face pressure from broad-based macro concerns, including high fiscal deficits, prolonged elevated interest rates, and rising geopolitical tensions. Despite these headwinds, USD/CAD has remained stable, with prices trading flat near 1.3886 at the time of writing.
USDCAD
Majors
Currencies
Technical Analysis
AUDUSD stuck in tight range as sellers eye a deeper push
AUDUSD stuck in tight range as sellers eye a deeper push
AUDUSD trades below clustered MAs; sellers eye 0.6388 and 0.63669 as next downside targets if sellers can stay in control below 100/200 hour MAs
AUD
USD
NZD/USD Price Forecast: Slides to near 0.5900
NZD/USD Price Forecast: Slides to near 0.5900
The NZD/USD pair is falling to near the round level of 0.5900 during North American trading hours on Thursday. The Kiwi pair slumps after the release of the stronger-than-projected United States (US) Purchasing Managers’ Index (PMI) data for May.
NZDUSD
PMI
TradeBalance
SupportResistance
DollarIndex
Natural gas prices slide after weekly inventory data
Natural gas prices slide after weekly inventory data
A build of 120 bcf vs 115 bcf expected
Natural gas
FXIFY Celebrates 2 Years as Industry's First and Oldest Broker-Backed Prop Firm
FXIFY Celebrates 2 Years as Industry's First and Oldest Broker-Backed Prop Firm
News Discussion Forum
By Finance Magnates
FXIFY Celebrates 2 Years as Industry's First and Oldest Broker-Backed Prop Firm
Plans Exciting Innovations and Expansions as Firm Enters Third Year.
prop trading
FXIFY
URUSD buyers lose momentum near 50% and shift focus back to key support zone
URUSD buyers lose momentum near 50% and shift focus back to key support zone
Old floor, then ceiling, is now a floor again after breaking higher yesterday. Key area for buyers and sellers today is between 1.1258 to 1.1275.
EUR
USD
ECB’s Nagel: Interest rate level is not restrictive
ECB’s Nagel: Interest rate level is not restrictive
Joachim Nagel, President of the Bundesbank and member of the European Central Bank's (ECB) Governing Council (GC), argued that the bank’s current interest rate level is not considered restrictive.
ECB
InterestRate
EURUSD
CentralBanks
FCA’s New Complaints Reporting Likely to Affect CFD and Retail Trading Firms
FCA’s New Complaints Reporting Likely to Affect CFD and Retail Trading Firms
News Discussion Forum
By Finance Magnates
FCA’s New Complaints Reporting Likely to Affect CFD and Retail Trading Firms
The UK’s FCA plans to simplify complaints reporting for 10,000 firms. While CFDs and retail trading firms aren’t named, they are likely affected.
fca
The Financial Conduct Authority (FCA)
retail
retail FX
retail forex
USDCHF bounces from key support and tests overhead resistance
USDCHF bounces from key support and tests overhead resistance
Below cluster of resistance at 100 hour MA and 38.2% retracement.
CHF
USD
US May S&P Global flash services PMI 52.3 vs 50.8 expected
US May S&P Global flash services PMI 52.3 vs 50.8 expected
US services and manufacturing flash PMIs from S&P Global