EUR/USD: Rising wedge on the charts – OCBC
EUR/USD: Rising wedge on the charts – OCBC
Euro (EUR) fell on softer than expected French CPI, signs of progress on EU-US trade talks and broad US Dollar (USD) short covering. Pair was last at 1.1321, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 – UOB Group
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 – UOB Group
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
Oil: Sanction risks grow – ING
Oil: Sanction risks grow – ING
Crude oil prices came under pressure yesterday, with USD strength providing some headwinds for the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Banks
Commodities
Energy
WTI
cTrader Users Gain Access to Professional Money Management
cTrader Users Gain Access to Professional Money Management
News Discussion Forum
By Finance Magnates
cTrader Users Gain Access to Professional Money Management
Technology provider Brokeree Solutions has integrated its portfolio allocation and money management (PAMM) solution with Spotware's cTrader trading platform, marking the third collaboration betwe...
ctrader
Spotware
Brokeree Solutions
pamm
EUR: 1.13 remains the anchor – ING
EUR: 1.13 remains the anchor – ING
The euro has held up better than most G10 currencies, helped by positive headlines about EU-US trade negotiations, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.
DollarIndex
Majors
Macroeconomics
Fed
UnitedStates
EUR/USD hesitates above 1.1300 with all eyes on the FOMC Minutes
EUR/USD hesitates above 1.1300 with all eyes on the FOMC Minutes
EUR/USD has regained lost ground during Wednesday's European session.
EURUSD
Technical Analysis
SEO
Currencies
GBP/JPY Price Forecast: Sees more upside above 196.50
GBP/JPY Price Forecast: Sees more upside above 196.50
The GBP/JPY pair corrects to near 194.50 during European trading hours on Wednesday after refreshing an almost two-week high around 195.60 the previous day. The pair faces selling pressure as the Pound Sterling (GBP) underperforms after a strong run-up in the past few trading days.
GBPJPY
BOJ
BOE
UnitedKingdom
Japan
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
West Texas Intermediate (WTI) Oil price edges higher after registering losses in the previous session, trading around $61.10 per barrel during the European hours on Wednesday.
Oil
WTI
Macroeconomics
Commodities
Majors
Beself Brands is Spain’s First Company to Tokenize Its Corporate Equity Using Blockchain
Beself Brands is Spain’s First Company to Tokenize Its Corporate Equity Using Blockchain
News Discussion Forum
By Finance Magnates
Beself Brands is Spain’s First Company to Tokenize Its Corporate Equity Using Blockchain
Beself Brands introduces tokenomics with a voluntary lock-up by founding stakeholders.
tokens
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Wednesday that Eurozone inflation is likely to trend higher for the year ahead in April.
Inflation
Eurozone
EconomicIndicator
EURUSD
Robinhood Targets 11 Million UK Traders with Desktop Trading Platform
Robinhood Targets 11 Million UK Traders with Desktop Trading Platform
News Discussion Forum
By Finance Magnates
Robinhood Targets 11 Million UK Traders with Desktop Trading Platform
Robinhood, the American stock brokerage industry disrupter, is luring active traders in the United Kingdom with the launch of its browser-based desktop trading platform, Robinhood Legend.
robinhood
united-kingdom
Germany May unemployment change 34k vs 10k expected
Germany May unemployment change 34k vs 10k expected
Latest data released by the Federal Employment Agency - 28 May 2025
Pound Sterling extends losses against US Dollar as trade concerns ease
Pound Sterling extends losses against US Dollar as trade concerns ease
The Pound Sterling (GBP) extends its correction to near 1.3460 against the US Dollar (USD) during European trading hours on Wednesday.
GBPUSD
BOE
Fed
DollarIndex
SEO
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Here is what you need to know on Wednesday, May 28:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump's decision to delay tariff
Silver
XAGUSD
DollarIndex
Commodities
Bitcoin Futures Analysis Today – Bullish Above $109,725, Bearish Below $108,825
Bitcoin Futures Analysis Today – Bullish Above $109,725, Bearish Below $108,825
Bitcoin Futures (MBT) remain bullish above $109,725. tradeCompass outlines intraday key levels and partial targets for May 28, 2025. The bearish case is only activated if price drops below $108,825
MBT
TradeCompass
Crypto
Crypto Technical Analysis
Bitcoin Technical Analysis
BTC
Bullish
Conflict of Interest? Incoming CFTC Chair Has Deep Ties with Crypto and Prediction Markets
Conflict of Interest? Incoming CFTC Chair Has Deep Ties with Crypto and Prediction Markets
News Discussion Forum
By Finance Magnates
Conflict of Interest? Incoming CFTC Chair Has Deep Ties with Crypto and Prediction Markets
Brian Quintenz, whom US President Donald Trump nominated to be the next Chairman of the Commodity Futures Trading Commission (CFTC), disclosed $3.
CFTC
European indices open lightly changed to start the day
European indices open lightly changed to start the day
A more tentative mood as we get things going on the session
Stocks
EUR/GBP holds below 0.8400 ahead of German employment data
EUR/GBP holds below 0.8400 ahead of German employment data
The EUR/GBP cross trades with mild gains around 0.8390 during the early European session on Wednesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) amid the de-escalation of trade tensions between the European Union (EU) and the United States (US).
EURGBP
Crosses
Macroeconomics
USDJPY Technical Analysis – JGB market intervention weakens the Yen
USDJPY Technical Analysis – JGB market intervention weakens the Yen
The USDJPY pair bounces as Japanese officials decide to intervene in the bond market. What’s next?
JPY
USD
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
France Q1 final GDP +0.1% vs +0.1% q/q prelim
France Q1 final GDP +0.1% vs +0.1% q/q prelim
Latest data released by INSEE - 28 May 2025
Finance Magnates Reflects on Its Participation in the Cyprus Diaspora Forum 2025
Finance Magnates Reflects on Its Participation in the Cyprus Diaspora Forum 2025
News Discussion Forum
By Finance Magnates
Finance Magnates Reflects on Its Participation in the Cyprus Diaspora Forum 2025
Finance Magnates was a media partner at the Cyprus Diaspora Forum 2025, sharing insights and connecting with global Cypriot leaders.
Cyprus Diaspora Forum
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A more tepid tone after the slight advance yesterday
Stocks
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.92 per barrel, up from Tuesday’s close at $60.89.
Oil
WTI
Commodities
Bullish
Germany April import prices -1.7% vs -1.4% m/m expected
Germany April import prices -1.7% vs -1.4% m/m expected
Latest data released by Destatis - 28 May 2025
What are the main events for today?
What are the main events for today?
We have only low tier releases today culminating with the FOMC Meeting Minutes
market overview
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
The USD/CHF pair gains ground to near 0.8285 during the early European session on Wednesday. Better-than-expected US Consumer Confidence data and improved risk sentiment provide some support to the US Dollar (USD).
USDCHF
Majors
Macroeconomics
Record Number of Britons Fell for Financial Frauds in 2024, but Total Loss Didn’t Increase
Record Number of Britons Fell for Financial Frauds in 2024, but Total Loss Didn’t Increase
News Discussion Forum
By Finance Magnates
Record Number of Britons Fell for Financial Frauds in 2024, but Total Loss Didn’t Increase
Britons lost £1.17 billion (around $1.6 billion) to financial frauds and scams in 2024, an amount that remained unchanged from the previous year, according to the latest data from industry body UK ...
fraud
united-kingdom
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
The USD/CAD pair is seen prolonging this week's goodish recovery move from the 1.3685 area, or its lowest level since October 2024, for the third consecutive day on Wednesday.
USDCAD
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY halts its two-day winning streak, trading around 163.30 during the Asian hours on Wednesday. The weakening of a bullish bias appears as the currency cross remains slightly below the lower boundary of the ascending channel, as suggested by the technical analysis of the daily chart.
EURJPY
Crosses
Technical Analysis
FX option expiries for 28 May 10am New York cut
FX option expiries for 28 May 10am New York cut
A look at what is on the board for today
XTB UK Posts 120% Jump in Annual Profit Despite Revenue Decline: "Transition from a Pure CFD Broker"
XTB UK Posts 120% Jump in Annual Profit Despite Revenue Decline: "Transition from a Pure CFD Broker"
News Discussion Forum
By Finance Magnates
XTB UK Posts 120% Jump in Annual Profit Despite Revenue Decline: "Transition from a Pure CFD Broker"
XTB Limited, the UK arm of the Warsaw-listed fintech (WSE: XTB ), reported annual profit before taxation surged 116% to £374,228 for 2024, even as total revenue declined 5% to £4.
xtb
Xtb Uk
2024
Capitalise.ai and FOREX.com Expand Partnership into EU and UK Markets
Capitalise.ai and FOREX.com Expand Partnership into EU and UK Markets
News Discussion Forum
By Finance Magnates
Capitalise.ai and FOREX.com Expand Partnership into EU and UK Markets
FOREX.com clients in the EU and UK will now gain access to Capitalise.ai’s platform.
Capitalise.ai
FOREX.com
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains positive traction for the second consecutive day on Wednesday and moves further away from the monthly low touched earlier this week.
DollarIndex
Recession
Fed
FiscalPolicy
Currencies
Bullish
Japan autos facing big impact from US tariffs, says Akazawa
Japan autos facing big impact from US tariffs, says Akazawa
Akazawa speaks in parliament before making a trip to Washington later in the week
Politics
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price (XAU/USD) looks to build on modest intraday gains and climbs to a fresh daily peak, around the $3,323-3,324 area during the first half of the European session.
Gold
Commodities
FiscalPolicy
Fed
SEO
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD recovers its recent losses from the previous session, trading around 0.5970 during the Asian hours on Wednesday. The pair appreciates as the New Zealand Dollar (NZD) gains ground following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
NZDUSD
Macroeconomics
Majors
NewZealand
RBNZ