Pound Sterling strengthens ahead of UK CPI data
Pound Sterling strengthens ahead of UK CPI data
The Pound Sterling (GBP) trades higher against its major peers at the start of the week. The British currency moves higher ahead of the European Union (EU)-United Kingdom (UK) trade summit in London on Monday.
GBPUSD
Fed
BOE
Europe
SEO
US Dollar Index falls below 100.50 following Moody’s downgrade of US credit rating
US Dollar Index falls below 100.50 following Moody’s downgrade of US credit rating
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, has retraced its recent gains from the previous session and is trading around 100.40 during the Asian hours on Monday.
DollarIndex
UnitedStates
Fed
Macroeconomics
Majors
Investor Hacked the SEC Twitter With Just a Fake ID, Now He Will Spend 14 Months in Prison
Investor Hacked the SEC Twitter With Just a Fake ID, Now He Will Spend 14 Months in Prison
News Discussion Forum
By Finance Magnates
Investor Hacked the SEC Twitter With Just a Fake ID, Now He Will Spend 14 Months in Prison
A U.S. federal judge sentenced the resident of Alabama to 14 months in prison for his involvement in compromising the Securities and Exchange Commission's (SEC) social media account on X, formerly ...
Securities and Exchange Commission
sec
The US Dollar under pressure again to start the session
The US Dollar under pressure again to start the session
Everyone's blaming the Moody's downgrade for the greenback's weakness
UBS Faces Client Backlash Over FX Derivatives Meltdown After Trump Tariffs
UBS Faces Client Backlash Over FX Derivatives Meltdown After Trump Tariffs
News Discussion Forum
By Finance Magnates
UBS Faces Client Backlash Over FX Derivatives Meltdown After Trump Tariffs
Banking giant UBS is in discussions with clients who suffered significant losses on complex foreign exchange (Forex) derivatives following market volatility triggered by President Donald Trump's ta...
donald trump
Trump Tariffs
Trump Trade
ubs
forex
Market Outlook for the week of 19th - 23rd May
Market Outlook for the week of 19th - 23rd May
Highlights of the week include the U.K., Canadian and Japanese inflation data, and the RBA monetary policy announcement
JPY
AUD
CAD
European equities slightly lower at the open
European equities slightly lower at the open
Slight weakness influenced by the Moody's downgrade of the US rating
Stocks
Forex Today: Markets turn risk-averse to start week
Forex Today: Markets turn risk-averse to start week
Here is what you need to know on Monday, May 19:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Discover Network Joins Capital One in Completed $35.3 Billion Merger
Discover Network Joins Capital One in Completed $35.3 Billion Merger
News Discussion Forum
By Finance Magnates
Discover Network Joins Capital One in Completed $35.3 Billion Merger
Capital One Financial Corporation (NYSE: COF) has completed its acquisition of Discover Financial Services, culminating a 15-month process that transforms the company into the largest credit card i...
Capital One
CFDs Broker iForex Intends to Go Public in Late June 2025
CFDs Broker iForex Intends to Go Public in Late June 2025
News Discussion Forum
By Finance Magnates
CFDs Broker iForex Intends to Go Public in Late June 2025
iForex, the contracts for differences (CFDs) broker preparing to go public, announced today (Monday) that it intends to list its shares on the main market of the London Stock Exchange in late June ...
Bitcoin Price Prediction for End of May 2025
Bitcoin Price Prediction for End of May 2025
The latest Bitcoin price predictions for May 2025, with insights from Polymarket betting data indicating a strong likelihood of Bitcoin reaching around $110,000 by month's end. Learn how to use Polymarket as a sentiment gauge at your discretion. Always trade bitcoin at your own risk only.
Crypto
Crypto Technical Analysis
Bitcoin Technical Analysis
BTC
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 Monday, early in the European session. WTI trades at $61.57 per barrel, down from Friday’s close at $61.92.
Oil
WTI
Commodities
EU and UK said to reach outline deal to strengthen ties
EU and UK said to reach outline deal to strengthen ties
This looks like a breakthrough in the new EU-UK deal
GBP
EUR
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF is retreating from gains made in the previous session, trading near 0.8360 during Asian hours on Monday. The decline follows a surprise downgrade of the US government's credit rating, which sparked renewed selling in the US fixed income market.
USDCHF
Macroeconomics
Majors
Switzerland
UK Crypto Firms Will Need to Collect Every Customer's Address, Tax Number from 2026
UK Crypto Firms Will Need to Collect Every Customer's Address, Tax Number from 2026
News Discussion Forum
By Finance Magnates
UK Crypto Firms Will Need to Collect Every Customer's Address, Tax Number from 2026
The United Kingdom government will require crypto companies to collect and report user and transaction data from 1 January 2026. This includes each user’s full name, home address, and tax identific...
united-kingdom
crypto
US 30 year Treasury yield rises to 5% for the first time since April
US 30 year Treasury yield rises to 5% for the first time since April
The Moody's downgrade weighed on the bond market but it was already in a downtrend
Bonds
FX option expiries for May 19 NY cut
FX option expiries for May 19 NY cut
FX option expiries for May 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
Silver Price Forecast: XAG/USD remains below $32.50 despite increased safe-haven demand
Silver Price Forecast: XAG/USD remains below $32.50 despite increased safe-haven demand
Silver price (XAG/USD) extends its losses for the second successive session, trading around $32.30 per troy ounce during the Asian hours on Monday.
Silver
XAGUSD
Macroeconomics
Metals
Commodities
FX option expiries for 19 May 10am New York cut
FX option expiries for 19 May 10am New York cut
A look at what is on the board for today
market overview
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
EURUSD
Technical Analysis
Majors
Currencies
USD/INR holds losses as US Dollar weakens following Moody's downgrade of US credit rating
USD/INR holds losses as US Dollar weakens following Moody's downgrade of US credit rating
The Indian Rupee (INR) gains ground against the US Dollar (USD) on Monday, with the USD/INR pair halting its five-day winning streak. However, fresh USD demand from importers and ongoing foreign fund outflows continue to weigh on the INR. 
USDINR
India
Asia
Macroeconomics
SEO
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
The NZD/USD pair attracts some dip-buyers during the Asian session on Monday amid a modest US Dollar (USD) weakness, though it seems to struggle to capitalize on the move beyond the 0.5900 mark.
NZDUSD
RiskAversion
Fed
China
Currencies
Japan Tertiary Industry Index for March 15.8% vs -0.9% prior
Japan Tertiary Industry Index for March 15.8% vs -0.9% prior
The Japanese Tertiary Industry Index from METI, 19 May 2025
What are the main events for today?
What are the main events for today?
Fed speakers are the only highlight
market overview
Gold rebounds to near upper end of daily range due to safe-haven demand
Gold rebounds to near upper end of daily range due to safe-haven demand
Gold price (XAU/USD) holds gains after experiencing volatility, trading near the upper end of its daily range around the $3,250 region during the European hours on Monday.
Gold
Commodities
TradeWar
Fed
SEO
China NBS spokesman (more): Will strengthen policy coordination
China NBS spokesman (more): Will strengthen policy coordination
To promote urban renewal and affordable housing construction, for stable and healthy development of real estate market
CNY
China Stock Market
China
CNH
US House panel approves Trump tax cut bill, a possible vote on passage this week
US House panel approves Trump tax cut bill, a possible vote on passage this week
A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week.
UnitedStates
Politics
DollarIndex
China NBS spokesman (more): Foreign trade overcame difficulties, maintained steady growth
China NBS spokesman (more): Foreign trade overcame difficulties, maintained steady growth
The reduction of tariffs by China and the United States in the next stage is conducive to the growth of bilateral trade and the recovery of the world economy
CNY
China Stock Market
China
CNH
Japan fin min Kato says Japan not facing problem getting funds via debt issuance
Japan fin min Kato says Japan not facing problem getting funds via debt issuance
Kato remark addressing rising yields for Japanese Government Bonds
Bonds
JPY
Centrist Victory in Romania Defeats Far-Right Candidate: A Democratic Signal?
Centrist Victory in Romania Defeats Far-Right Candidate: A Democratic Signal?
Independent centrist and Bucharest mayor Dikurser Dan wins Romania's presidential runoff, countering far-right surge in Europe. Investor confidence in Eastern Europe boosted by political stability, softening far-right momentum. Centrism shows resilience against extremism, calming nerves among global investors tracking EU politics.
Politics
China Stats spokesman: contribution of consumption to eco growth will continue to increase
China Stats spokesman: contribution of consumption to eco growth will continue to increase
China National Bureau of Statistics (NBS) spokesman
CNY
China Stock Market
China
CNH
USD/CAD holds steady above mid-1.3900s amid mixed cues; remains confined in a familiar range
USD/CAD holds steady above mid-1.3900s amid mixed cues; remains confined in a familiar range
The USD/CAD pair struggles to gain any meaningful traction during the Asian session on Monday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3965-1.3970 region, nearly unchanged for the day amid mixed fundamental cues.
USDCAD
TradeWar
Fed
Majors
Currencies
China’s NBS: Economy grew steadily in face of pressure
China’s NBS: Economy grew steadily in face of pressure
Following the publication of the high-impact China’s April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
China
RetailSales
EconomicIndicator
AUDUSD
GBP/USD holds gains around 1.3300 as US Dollar weakens following Moody’s downgrade
GBP/USD holds gains around 1.3300 as US Dollar weakens following Moody’s downgrade
The GBP/USD pair recovered from prior session losses, trading near the 1.3300 level during Asian session on Monday. The rebound is largely driven by renewed pressure on the US Dollar (USD) after Moody’s Investors Service downgraded the US credit rating by one notch, from Aaa to Aa1.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
US Treasury Sec. Bessent warns of tariffs rates to ‘reciprocal’ level if no trade deal
US Treasury Sec. Bessent warns of tariffs rates to ‘reciprocal’ level if no trade deal
US Treasury Secretary Scott Bessent told CNN News on Sunday, President Donald “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level.”
UnitedStates
TradeWar
DollarIndex