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3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”
3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”
News Discussion Forum
By Finance Magnates
3 Arrests, 3 Criminal Proceedings: FCA Cracks Down on “Rogue Finfluencers”
The UK’s Financial Conduct Authority (FCA) has revealed that it made three arrests, launched criminal proceedings against three individuals, and issued seven cease-and-desist letters as part of its...
The Financial Conduct Authority (FCA)
finfluencer
RUB: Consensus has shifted towards rate cut – Commerzbank
RUB: Consensus has shifted towards rate cut – Commerzbank
The Central Bank of Russia's (CBR) had been expected to hold its key rate steady at today’s meeting. This had been a majority view among analysts, including ourselves, until recently, but as of late, the consensus majority has shifted in favour of a 100bp rate cut today.
USDRUB
RussianFederation
Banks
AUD/USD: To test 0.6540 before pulling back – UOB Group
AUD/USD: To test 0.6540 before pulling back – UOB Group
Australian Dollar (AUD) could first test 0.6540 against US Dollar (USD) before the risk of a pullback increases. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
TSLA Technical Analysis: The Support Was Tested After Sharp Decline
TSLA Technical Analysis: The Support Was Tested After Sharp Decline
Crucial insights into Tesla's stock (ticker: TSLA) as it tests a critical support zone after a significant drop. Learn about potential bullish and bearish scenarios for traders and investors to consider.
Stocks
BoJ said to consider smaller reductions to its bond buying – Bloomberg
BoJ said to consider smaller reductions to its bond buying – Bloomberg
Citing people with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the central bank is “said to consider smaller reductions to its bond buying.”
BOJ
USDJPY
Bonds
CentralBanks
USD: Market wants a softer jobs figure – ING
USD: Market wants a softer jobs figure – ING
Fortunately, the very public fallout between President Trump and Elon Musk has not had broader market implications. Despite the travails for Tesla, the broader S&P 500 was only off 0.5% yesterday and futures now call the S&P modestly higher today.
Banks
DollarIndex
Technical Analysis
Fed
GBP/USD: Likely to retest the 1.3615 level – UOB Group
GBP/USD: Likely to retest the 1.3615 level – UOB Group
Firmer underlying tone suggests Pound Sterling (GBP) could retest the 1.3615 level against US Dollar (USD); the next resistance at 1.3655 is unlikely to come under threat.
GBPUSD
Banks
Technical Analysis
EUR: Lagarde provides support – ING
EUR: Lagarde provides support – ING
We were caught off guard by the main message from ECB President Christine Lagarde yesterday that the easing cycle was nearing its conclusion, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into play
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into play
New Zealand Dollar’s upside attempts were capped at 0.6180 on Thursday, and the pair is extending the reversal on Friday, against a somewhat firmer US Dollar, which brings the 0.6000 support area back into focus.The Greenback is trimming some losses with investors unwinding their USD shorts, after a
NZDUSD
Technical Analysis
Currencies
EUR/USD: Chance to potentially retest 1.1495 – UOB Group
EUR/USD: Chance to potentially retest 1.1495 – UOB Group
Euro (EUR) could potentially retest 1.1495 against US Dollar (USD) or even break above this level; slowing momentum suggests 1.1530 is likely out of reach.
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 Friday, according to FXStreet data.
Silver
Commodities
Metals
President Xi Jinping enjoying watching Trum and Elon destroy each other on their keyboards
President Xi Jinping enjoying watching Trum and Elon destroy each other on their keyboards
We start with this humorous caricature... But what can investors and traders do now? Here are 3 things to consider...
Politics
S&P Technical Analysis
S&P Futures
Crypto
S&P Futures Technical Analysis
ECB's Rehn: Decision-making at each meeting remains key
ECB's Rehn: Decision-making at each meeting remains key
European Central Bank (ECB) policymaker Olli Rehn commented on the monetary policy outlook during his speech on Friday.
ECB
EURUSD
CentralBanks
InterestRate
ECB's Holzmann: I dissented in this week's rate decision
ECB's Holzmann: I dissented in this week's rate decision
European Central Bank (ECB) policymaker Robert Holzmann said on Friday,  “I dissented in this week's rate decision.”
InterestRate
EURUSD
ECB
CentralBanks
Singapore to Block Access to Octa and XM for Unlicensed Operations
Singapore to Block Access to Octa and XM for Unlicensed Operations
News Discussion Forum
By Finance Magnates
Singapore to Block Access to Octa and XM for Unlicensed Operations
Authorities in Singapore will block access to Octa and XM, two brokers offering forex and contracts for differences (CFDs), for providing services to residents of the city-state without holding a l...
octa
XM
singapore
US Dollar Index (DXY) nudges up to 99.00 with markets bracing for the US NFP
US Dollar Index (DXY) nudges up to 99.00 with markets bracing for the US NFP
The US Dollar Index (DXY) is showing a moderately positive tone on Friday, with investors trimming US Dollar lows ahead of May’s US Nonfarm Payrolls release.
DollarIndex
Currencies
NFP
Eurozone Q1 final GDP +0.6% vs +0.4% q/q second estimate
Eurozone Q1 final GDP +0.6% vs +0.4% q/q second estimate
Latest data released by Eurostat - 6 June 2025
Eurozone April retail sales +0.1% vs +0.1% m/m expected
Eurozone April retail sales +0.1% vs +0.1% m/m expected
Latest data released by Eurostat - 6 June 2025
Public.com Terminates Social Trading
Public.com Terminates Social Trading
News Discussion Forum
By Finance Magnates
Public.com Terminates Social Trading
Public.com, which built its brand as “the social investing app,” has decided to end its social trading services. These features allowed users to view other traders' activity and insights on the mar...
Public.com
Pound Sterling retraces against US Dollar with US NFP under spotlight
Pound Sterling retraces against US Dollar with US NFP under spotlight
The Pound Sterling (GBP) retraces to near 1.3535 against the US Dollar during the European trading session on Friday, falling from a fresh three-year high of 1.3620 posted the previous day.
GBPUSD
Fed
BOE
NFP
SEO
S&P 500 technical analysis after Elon and Trump's childish keyboard war
S&P 500 technical analysis after Elon and Trump's childish keyboard war
Bulls are stil fine. See why and where that might change, in this video.
S&P Technical Analysis
S&P Futures
buyTheDip
S&P Futures Technical Analysis
WTI wobbles around $62.20 with US NFP on the horizon
WTI wobbles around $62.20 with US NFP on the horizon
West Texas Intermediate (WTI), futures on NYMEX, trades sideways around $62.20 during European trading hours on Friday. The Oil price consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Oil
WTI
UnitedStates
China
NFP
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD loses ground as the Dollar picks up with the NFP in sight
EUR/USD is drifting lower on Friday, trading at 1.1420 area at the moment of writing, down from the six-week highs, near 1.1500, hit on the previous day.
EURUSD
ECB
Currencies
Fundamental Analysis
ECB's Stournaras: The rate cutting is nearly done
ECB's Stournaras: The rate cutting is nearly done
European Central Bank (ECB) policymaker Yannis Stournaras said on Friday, “the rate cutting is nearly done.”
ECB
CentralBanks
InterestRate
EURUSD
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY extends its gains for the second successive session, trading around 93.60 during early European hours on Friday. A technical analysis of the daily chart shows that the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
AUDJPY
Technical Analysis
Crosses
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
The USD/CAD pair extends its sideways consolidative price move for the second straight day on Friday and trades around the 1.3665 region during the early European session. Spot prices remain close to the year-to-date low touched on Thursday and seem vulnerable to sliding further.
USDCAD
NFP
Employment
Technical Analysis
Currencies
ESMA Is Curious About Retail Investors' Habits: What's Coming?
ESMA Is Curious About Retail Investors' Habits: What's Coming?
News Discussion Forum
By Finance Magnates
ESMA Is Curious About Retail Investors' Habits: What's Coming?
1. ESMA Is Interested in Retail Traders Habits . ESMA’s call for feedback on how retail investors engage with investment services—and whether regulatory or non-regulatory barriers may be discouragi...
European Securities and Markets Authority (ESMA)
esma
finfluencer
prop trading
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Forex Today: Markets await NFP, try to look away from Trump-Musk drama
Here is what you need to know on Friday, June 6:
Currencies
Majors
Macroeconomics
Commodities
NFP
ECB’s Šimkus: Interest rates are now at neutral
ECB’s Šimkus: Interest rates are now at neutral
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “we have won battle against inflation in Europe.”
CentralBanks
InterestRate
ECB
EURUSD
EUR/GBP holds gains near 0.8450, upside appears as ECB signals an end to easing cycle
EUR/GBP holds gains near 0.8450, upside appears as ECB signals an end to easing cycle
EUR/GBP extends its gains for the third consecutive day, trading around 0.8430 during the Asian hours on Friday. The currency cross remained stable after the European Central Bank (ECB) delivered a widely expected 25 basis point rate cut on Thursday, and reduced interest rates to 2.0% from 2.25%.
EURGBP
Crosses
Macroeconomics
UnitedKingdom
Eurozone
Revolut and Wero: The Eurozone Wallet Wars Just Got Interesting
Revolut and Wero: The Eurozone Wallet Wars Just Got Interesting
News Discussion Forum
By Finance Magnates
Revolut and Wero: The Eurozone Wallet Wars Just Got Interesting
Revolut integrates Wero wallet for customers in France, Belgium, Germany, targeting instant EU payments, challenging US-led digital payment dominance.
revolut
Wero
payments
EUR/JPY Price Forecast: Climbs above mid-164.00s, bulls retain control near multi-week top
EUR/JPY Price Forecast: Climbs above mid-164.00s, bulls retain control near multi-week top
The EUR/JPY cross attracts some follow-through buying for the second straight day on Friday and trades near the mid-164.00s heading into the European session. Spot prices remain close to over a three-week high touched on Thursday and remain well supported by a broadly weaker Japanese Yen (JPY).
EURJPY
BOJ
Technical Analysis
Crosses
Currencies
ECB's Kazaks: It may well be the case that we pause in July
ECB's Kazaks: It may well be the case that we pause in July
European Central Bank (ECB) policymaker Martins Kazaks said on Friday, “it may well be the case that we pause in July.”
ECB
CentralBanks
InterestRate
EURUSD