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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.
bitcoin
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
US Dollar Index drops below 99.00 due to tariff threats, ISM Manufacturing PMI awaited
US Dollar Index drops below 99.00 due to tariff threats, ISM Manufacturing PMI awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday.
DollarIndex
Macroeconomics
Majors
UnitedStates
TradeWar
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
The New Zealand Dollar is one of the best performers on Monday.
NZDUSD
Currencies
Technical Analysis
Market Outlook for the week of June 2nd - 6th
Market Outlook for the week of June 2nd - 6th
Highlights of the week include BoC and ECB monetary policy announcements, as well as labor market data for the U.S. and Canada
CAD
USD
UK May final manufacturing PMI 46.4 vs 45.1 prelim
UK May final manufacturing PMI 46.4 vs 45.1 prelim
Final reading released by S&P Global - 2 June 2025
UK April mortgage approvals 60.46k vs 63.00k expected
UK April mortgage approvals 60.46k vs 63.00k expected
Latest data released by the BOE - 2 June 2025
USD/CAD explores Year-to-Date lows below 1.3700 amid broad-based Dollar weakness
USD/CAD explores Year-to-Date lows below 1.3700 amid broad-based Dollar weakness
Strong Canadian GDP raises expectations of a hawkish BoC on Wednesday.The US Dollar is dropping across the board, hammered by a mix of risk aversion amid Trump’s erratic trade policies, concerns about fresh tariffs, and looming fears of US debt that have revived the “sell America” trade.The US Presi
USDCAD
Currencies
GDP
ATFX Secures License from Cambodia’s Securities and Exchange Regulator (SERC)
ATFX Secures License from Cambodia’s Securities and Exchange Regulator (SERC)
News Discussion Forum
By Finance Magnates
ATFX Secures License from Cambodia’s Securities and Exchange Regulator (SERC)
ATFX recognizes that knowledge is the cornerstone of trading success.
Gold buyers look to buck the trend with the move higher today
Gold buyers look to buck the trend with the move higher today
The precious metal is up roughly 2% to start June trading
GODO Capital Markets Launches GODO APP: Intelligent Trading Starts Here
GODO Capital Markets Launches GODO APP: Intelligent Trading Starts Here
News Discussion Forum
By Finance Magnates
GODO Capital Markets Launches GODO APP: Intelligent Trading Starts Here
GODO APP is a game-changer for traders worldwide, providing secure, intelligent, and versatile solutions.
GODO Capital Markets
EUR/GBP steadies near 0.8450 due to risk-off mood following Trump tariff tensions
EUR/GBP steadies near 0.8450 due to risk-off mood following Trump tariff tensions
EUR/GBP remains steady after registering gains in the previous two sessions, trading around 0.8430 during the early European hours on Monday.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
Elon Musk Finally Bails on DOGE as Trump Chainsaws Tesla
Elon Musk Finally Bails on DOGE as Trump Chainsaws Tesla
News Discussion Forum
By Finance Magnates
Elon Musk Finally Bails on DOGE as Trump Chainsaws Tesla
Elon Musk exits DOGE as Trump’s anti-clean-energy policies tank Tesla’s prospects. The fallout could reshape Musk’s businesses—and the EV market.
tesla
elon musk
donald trump
DOGE
EUR/USD stalls below 1.1435 with US manufacturing data and Fed Powell on focus
EUR/USD stalls below 1.1435 with US manufacturing data and Fed Powell on focus
EUR/USD has lost bullish momentum after a strong rally during Monday's Asian and early European sessions.
EURUSD
Currencies
Technical Analysis
IG Group to Offer Crypto Trading to Retail Clients
IG Group to Offer Crypto Trading to Retail Clients
News Discussion Forum
By Finance Magnates
IG Group to Offer Crypto Trading to Retail Clients
IG Group (LON: IGG) is expanding its services around digital assets as it prepares to launch spot cryptocurrency trading for retail investors.
IG Group
Germany May final manufacturing PMI 48.3 vs 48.8 prelim
Germany May final manufacturing PMI 48.3 vs 48.8 prelim
Final reading released by HCOB - 2 June 2025
Italy May manufacturing PMI 49.2 vs 49.6 expected
Italy May manufacturing PMI 49.2 vs 49.6 expected
Latest data released by HCOB - 2 June 2025
Switzerland May manufacturing PMI 42.1 vs 46.5 expected
Switzerland May manufacturing PMI 42.1 vs 46.5 expected
Latest data released by Procure - 2 June 2025
No love for the dollar to start June trading
No love for the dollar to start June trading
The greenback is shoved lower to start the new month
Saudi Arabia Gets Its First Cloud Analytics Platform And Advanced Trading Tech
Saudi Arabia Gets Its First Cloud Analytics Platform And Advanced Trading Tech
News Discussion Forum
By Finance Magnates
Saudi Arabia Gets Its First Cloud Analytics Platform And Advanced Trading Tech
Wamid, the technology division of Saudi Tadawul Group, has formed a multi-year partnership with BMLL Technologies to deliver the Saudi market's first white-labeled cloud analytics platform ...
BMLL
Saudi Tadawul Group
Saudi Arabia
Spain May manufacturing PMI 50.5 vs 48.4 expected
Spain May manufacturing PMI 50.5 vs 48.4 expected
Latest data released by HCOB - 2 June 2025
Forex Today: US Dollar weakens to start week as markets await PMI data
Forex Today: US Dollar weakens to start week as markets await PMI data
Here is what you need to know on Monday, June 2:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
European indices hold a little lower to kick start the week, month
European indices hold a little lower to kick start the week, month
May was a good month for European stocks, can they follow that up for June?
EUR/JPY Price Forecast: Bullish outlook remains in play above 163.00
EUR/JPY Price Forecast: Bullish outlook remains in play above 163.00
The EUR/JPY cross tumbles to around 163.15 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as persistent trade-related uncertainties and geopolitical risks further boost the safe-haven flows.
EURJPY
Technical Analysis
Crosses
Bullish
Switzerland Q1 GDP +0.5% vs +0.4% q/q expected
Switzerland Q1 GDP +0.5% vs +0.4% q/q expected
Latest data released by the Federal Statistics Office - 2 June 2025
USDJPY Technical Analysis – The greenback is back under pressure
USDJPY Technical Analysis – The greenback is back under pressure
The USDJPY pair is erasing last week’s losses as the US Dollar comes back under pressure. What’s next?
JPY
USD
Electronic Trading War Heats Up with TP ICAP's Latest $1.2 Trillion Move
Electronic Trading War Heats Up with TP ICAP's Latest $1.2 Trillion Move
News Discussion Forum
By Finance Magnates
Electronic Trading War Heats Up with TP ICAP's Latest $1.2 Trillion Move
TP ICAP Group has completed the acquisition of Neptune Networks, a bond market data provider, while establishing a partnership with nine major investment banks that will collectively hold a 30% sta...
TP Icap
neptune
Acquisition
bonds
ICAP
What are the main events for today?
What are the main events for today?
The US ISM Manufacturing PMI is the main highlight
market overview
USD/CHF drops to near 0.8200 due to increased safe-haven demand
USD/CHF drops to near 0.8200 due to increased safe-haven demand
USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).
USDCHF
Majors
Macroeconomics
Switzerland
ASIC Finds $1 Trillion in Funds Lack Proper Oversight
ASIC Finds $1 Trillion in Funds Lack Proper Oversight
News Discussion Forum
By Finance Magnates
ASIC Finds $1 Trillion in Funds Lack Proper Oversight
Australia's financial market watchdog has uncovered significant compliance failures across the managed investment sector, with responsible entities overseeing nearly $1 trillion in assets failing t...
Asic
Australia
Eurostoxx futures -0.5% in early European trading
Eurostoxx futures -0.5% in early European trading
A softer tone ahead of the open to start the month of June