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Mexican Peso celebrates US Dollar weakness after tensions between the US and China rise
Mexican Peso celebrates US Dollar weakness after tensions between the US and China rise
The Mexican Peso (MXN) is trading firmer against the US Dollar (USD) on Monday, as traders digest the impact of a surprise tariff escalation by the United States. The USD/MXN pair is struggling to maintain any recovery momentum, with risk sentiment dented and the Greenback broadly offered.
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Fundamental Analysis
Technical Analysis
SEO
eToro Extends Deal with Dutch Club AZ Alkmaar as Betting Brands to Exit Premier League
eToro Extends Deal with Dutch Club AZ Alkmaar as Betting Brands to Exit Premier League
News Discussion Forum
By Finance Magnates
eToro Extends Deal with Dutch Club AZ Alkmaar as Betting Brands to Exit Premier League
eToro has extended its sponsorship agreement with Dutch football club AZ Alkmaar. The partnership, which began in 2023, will now run through 2027.
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etoro
USD/CHF sinks to six-week low as strong Swiss GDP, softer Retail Sales boost Swiss Franc
USD/CHF sinks to six-week low as strong Swiss GDP, softer Retail Sales boost Swiss Franc
The Swiss Franc (CHF) extends its winning streak against the US Dollar (USD) for the third consecutive day on Monday, starting the week on a firm footing as a broadly weak US Dollar and cautious global sentiment continue to underpin demand for the safe-haven currency.
USDCHF
GDP
RetailSales
SNB
Kickstart the new trading day, week, & month w/ technical look at EURUSD, USDJPY & GBPUSD
Kickstart the new trading day, week, & month w/ technical look at EURUSD, USDJPY & GBPUSD
What is moving the 3 major currency pairs to start the new day, week and month in the USD.
ForexLive European FX news wrap: A brand new month but same old story for the dollar
ForexLive European FX news wrap: A brand new month but same old story for the dollar
Forex news from the European morning session on Jun 2, 2025
Session wrap
Wrap Europe
Gold Price Forecast: XAU/USD resumes its uptrend, heading to $3,365 and $3,415
Gold Price Forecast: XAU/USD resumes its uptrend, heading to $3,365 and $3,415
Gold (XAU/USD) has been one of the major beneficiaries of the US Dollar sell-off on Monday. The Precious metal has surged about $60 so far, as the US dollar drops across the board on a mix of trade uncertainty and looming woes about the US fiscal health.
Gold
XAUUSD
Commodities
Metals
UpTrend
JPY seeing impressive gains on solid fundamental data – Scotiabank
JPY seeing impressive gains on solid fundamental data – Scotiabank
Japanese Yen (JPY) is strong, up 0.8% against the US Dollar (USD) and outperforming most of the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Technical Analysis
Japan
BOJ
GBP gains offer retracement back toward recent multi-year high – Scotiabank
GBP gains offer retracement back toward recent multi-year high – Scotiabank
Pound Sterling (GBP) is also showing impressive strength with a 0.6% gain vs. the US Dollar (USD) and mid-performance among the G10, retracing a good portion of its latest pullback from last Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
EUR climbs within range – Scotiabank
EUR climbs within range – Scotiabank
Euro (EUR) is strong, up an impressive 0.6% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD probes best levels since Oct on weak USD – Scotiabank
CAD probes best levels since Oct on weak USD – Scotiabank
Better than expected GDP data for Q1 provided a bit of a lift for the CAD Friday.
Banks
USDCAD
Technical Analysis
BOC
Canada
Levels
Interview With Sean Cheng, Head of Internal Audit at Bybit
Interview With Sean Cheng, Head of Internal Audit at Bybit
News Discussion Forum
By Finance Magnates
Interview With Sean Cheng, Head of Internal Audit at Bybit
ByBit's Sean Cheng details his journey with over 16 years in internal audit and risk management.
Trade, tariff concerns weigh on the USD – Scotiabank
Trade, tariff concerns weigh on the USD – Scotiabank
With a new month underway, the US Dollar (USD) finds itself on the defensive again, supporting the idea that some of its late May gains could have been related to month-end demand.
DollarIndex
Banks
Technical Analysis
Fed
USD/CNH: Next resistance at 7.2180 is unlikely to come under threat – UOB Group
USD/CNH: Next resistance at 7.2180 is unlikely to come under threat – UOB Group
Chance for US Dollar (USD) to edge above 7.2100 before leveling off against Chinese Yuan (CNH); next resistance at 7.2180 is unlikely to come under threat.
Banks
Technical Analysis
USDCNH
US: The sky seems to be the limit for US tariffs – Commerzbank
US: The sky seems to be the limit for US tariffs – Commerzbank
As if the prospect of renewed conflict with China were not enough, Donald Trump announced on Friday that he would double tariffs on steel and aluminium imports to 50%, Commerzbank's FX analyst Michael Pfister notes.
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UnitedStates
Politics
US Elections
TradeWar
USD/JPY: Outlook for USD is unclear after wild swings – UOB Group
USD/JPY: Outlook for USD is unclear after wild swings – UOB Group
US Dollar (USD) is likely to trade in a range of 143.25/144.30. In the longer run, the outlook for USD is unclear after wild swings; for the time being it could trade between 142.10 and 146.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
AUD/USD approaches 0.6500 with the US Dollar on the defensive
AUD/USD approaches 0.6500 with the US Dollar on the defensive
The Australian Dollar is one of the stronger performers on Monday. The sour risk sentiment is not weighing the Aussie today, which is drawing support from a weak US Dollar to reach levels right below 0.6500.The Greenback has opened the week on the back foot, hit by a mix of events.
AUDUSD
Currencies
Fed
NZD/USD might test the significant resistance level at 0.6030 – UOB Group
NZD/USD might test the significant resistance level at 0.6030 – UOB Group
Above 0.6000, New Zealand Dollar (NZD) has a chance to test of the significant resistance level at 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
26 Degrees’ 2024 Profit Plunged 92% as Revenue Took a Hit
26 Degrees’ 2024 Profit Plunged 92% as Revenue Took a Hit
News Discussion Forum
By Finance Magnates
26 Degrees’ 2024 Profit Plunged 92% as Revenue Took a Hit
The net profit of 26 Degrees Global Markets Group, which offers prime brokerage services, dropped by about 92 per cent in 2024 to AU$410,000, according to the company’s annual financial report seen...
26 Degrees
26 Degrees Global Markets
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.
Banks
Brent
Oil
GBP: Staying supported for now– ING
GBP: Staying supported for now– ING
Pound Sterling (GBP) is staying relatively supported, particularly against the US Dollar (USD), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
US futures hold lower ahead of North America trading
US futures hold lower ahead of North America trading
Trade uncertainty weighs on risk sentiment to start the new week
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
Banks
USDCNH
Technical Analysis
USDCNY
USD: Risk environment softens on trade confrontation – ING
USD: Risk environment softens on trade confrontation – ING
Global equity markets and the dollar start the week a little softer as trade tensions between the US and China start to reappear. It's not quite fair to say that the US-China trade deal reached in Geneva last month is unravelling, but both sides clearly seem frustrated.
DollarIndex
Banks
Technical Analysis
AUD/USD: Expected to trade in a range – UOB Group
AUD/USD: Expected to trade in a range – UOB Group
For the time being, Australian Dollar (AUD) is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
What are the current interest rate expectations for the major central banks?
What are the current interest rate expectations for the major central banks?
The market pricing remained roughly unchanged for most central banks except the RBNZ after the less dovish than expected policy decision
market overview
 US Crude Oil (WTI) appreciates against all odds and returns to above $62.00
 US Crude Oil (WTI) appreciates against all odds and returns to above $62.00
Buy the rumour, sell the news in Oil prices, as the US benchmark WTI appreciates about $2.5 so far today, despite the output hikes announced by OPEC+ members, fresh threats of US tariffs and new trade tensions between the US and China.
Oil
WTI
Commodities
UnitedStates
Trump to double tariffs on Steel and Aluminium – ING
Trump to double tariffs on Steel and Aluminium – ING
Trump said he would increase tariffs on Steel and Aluminium to 50% from 25%, effective 4 June. He made the announcement as he visited a US Steel Corp. plant on Friday.
Banks
UnitedStates
Gas
Energy
GBP/USD: Likely to trade between 1.3400 and 1.3600  – UOB Group
GBP/USD: Likely to trade between 1.3400 and 1.3600 – UOB Group
Current GBP/USD price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
Why Is Bitcoin Going Down? Elon Musk News Didn’t Help BTC Price, Analysts Predict Drop to $97K
Why Is Bitcoin Going Down? Elon Musk News Didn’t Help BTC Price, Analysts Predict Drop to $97K
News Discussion Forum
By Finance Magnates
Why Is Bitcoin Going Down? Elon Musk News Didn’t Help BTC Price, Analysts Predict Drop to $97K
Bitcoin News: Bitcoin price analysis for June 2025 reveals bearish patterns targeting $97K. Latest Elon Musk news and crypto predictions for retail traders.
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BTC
Bitcoin (BTC)
Bitcoin news
Bitcoin Price
prediction
elon musk
OPEC+ supply increase in line with our expectations – ING
OPEC+ supply increase in line with our expectations – ING
OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June.
Oil
Banks
Energy
OPEC
EUR: Staying bid despite another possible ECB rate cut – ING
EUR: Staying bid despite another possible ECB rate cut – ING
US Dollar (USD) problems are keeping EUR/USD bid, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
Increase in momentum is not enough to indicate a sustained advance; Euro (EUR) is likely to trade in a range of 1.1270/1.1435 for now vs US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Commodities
Metals
Finance Magnates Awards 2025: Industry Gala & Ceremony Night
Finance Magnates Awards 2025: Industry Gala & Ceremony Night
News Discussion Forum
By Finance Magnates
Finance Magnates Awards 2025: Industry Gala & Ceremony Night
The Finance Magnates Awards Gala Dinner brings the industry together to celebrate top achievements in trading, fintech, and financial services.
Finance Magnates
Japanese World Cup Hero Keisuke Honda Teams Up with Retail Broker Titan FX
Japanese World Cup Hero Keisuke Honda Teams Up with Retail Broker Titan FX
News Discussion Forum
By Finance Magnates
Japanese World Cup Hero Keisuke Honda Teams Up with Retail Broker Titan FX
Online Forex broker Titan FX announced today (Monday) that it has appointed former Japanese national team footballer Keisuke Honda as its Global Brand Ambassador.
Crude oil rallies as OPEC+ hikes output by less than expected
Crude oil rallies as OPEC+ hikes output by less than expected
OPEC+ underdelivered on expectations of higher than 411,000 bpd hike for July as it matched the May and June figures