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Forex Live
European indices open slightly lower with hot UK inflation likely weighing
Inflation concerns might resurface in the next few weeks and months
Stocks
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Finance Magnates
Bitcoin Buys a View: Trump Tower Dubai Embraces Cryptocurrency Payments via Deus X Pay
This new skyscraper is part of an expanding trend to embrace digital assets.
Deus X
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Finance Magnates
EC Markets Takes Centre Stage at iFX Expo International 2025 in Limassol
EC Markets seeks to redefine the contemporary profile of a global broker.
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Fxstreet
Forex Today: Pound Sterling rises on hot UK inflation, US Dollar extends slide
Here is what you need to know on Wednesday, May 21:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
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Finance Magnates
Expert Used "Psychological Bullying" to Take $940K from Forex Investors. Now He's Going to Prison
Former financial services director Mark Francis McCabe has been sentenced to four years and three months in prison for orchestrating a sophisticated forex trading scam that defrauded investors of n...
Asic
Australia
forex scams
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Fxstreet
GBP/JPY jumps back above 193.00 on hotter UK CPI print, lacks follow-through amid stronger JPY
The GBP/JPY cross trims a part of its modest intraday losses following the release of hotter-than-expected UK consumer inflation figures, though it lacks follow-through buying.
GBPJPY
Inflation
BOE
BOJ
Currencies
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Finance Magnates
eToro See Biggest Post-IPO Jump as Firm Registers Employee Share Plan with SEC
eToro News: ETOR filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Tuesday to register shares for its newly established employee share purchase plan. eToro shares jumped 4.5% during Tuesday's session.
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Forex Live
Traders trim bets on BoE easing favouring just one rate cut in 2025
This is of course in reaction to the latest hot UK CPI figures
GBP
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Fxstreet
EUR/GBP trims recent gains below 0.8450 after hotter UK CPI data
The EUR/GBP cross trims recent gains near 0.8435 during the early European session on Wednesday. The Pound Sterling (GBP) edges slightly higher against the Euro (EUR) after the release of UK Consumer Price Index (CPI) inflation data for April.
EURGBP
Crosses
UnitedKingdom
Inflation
CPI
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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 $62.87 per barrel, up from Tuesday’s close at $62.16.
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Fxstreet
USD/CAD weakens further below 1.3900 amid bearish USD, rising Oil prices
The USD/CAD pair extends the previous day's breakdown momentum below a one-week-old trading range and attracts sellers for the third successive day on Wednesday.
USDCAD
Iran
Fed
BOC
Currencies
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Forex Live
UK April CPI +3.5% vs +3.3% y/y expected
Latest data released by ONS - 21 May 2025
GBP
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Fxstreet
FX option expiries for May 21 NY cut
FX option expiries for May 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
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Forex Live
FX option expiries for 21 May 10am New York cut
A look at what is on the board for today
market overview
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Finance Magnates
FXCubic Announces the 4th Annual Mini-Football Tournament
The much-anticipated industry event, FXCubic Mini-Football Tournament, will take place on June 13, 2025, in Limassol.
FXCubic Mini-Football Tournament
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Finance Magnates
Kraken Puts Cyprus Licence to Use: Launches Crypto Derivatives in Europe
Kraken announced yesterday (Tuesday) the launch of its crypto derivatives products for European customers. The services are being offered under a Cyprus licence acquired by the American crypto exch...
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Fxstreet
EUR/USD Price Forecast: Bullish outlook remains in play above 1.1300
The EUR/USD pair gathers strength to near 1.1330 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
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Fxstreet
USD/CHF drops to two-week low, eyes 0.8200 amid sustained USD selling bias
The USD/CHF pair continues to lose ground for the third successive day and drops to a two-week low, around the 0.8220-0.8215 region during the Asian session on Wednesday. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside.
USDCHF
TradeWar
Fed
RiskAppetite
Currencies
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Forex Live
Japan's super-long bond yields continue to surge to record highs
Market participants cite low demand and suggest the BoJ to terminate tapering or restart buying super-long bonds
JPY
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Fxstreet
GBP/USD Price Forecast: Rises toward highs since February 2022 near 1.3450
The GBP/USD pair extends its winning streak for the third successive session, trading around 1.3430 during Wednesday's Asian hours. The technical analysis of the daily chart suggests a persistent bullish bias as the pair remains within an ascending channel pattern.
GBPUSD
Majors
Technical Analysis
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Fxstreet
Gold price sticks to intraday gains near two-week top, trades above $3,300 mark
Gold price (XAU/USD) retains its positive bias above the $3,300 mark and trades near a one-and-a-half-week top through the first half of the European session on Wednesday.
Gold
Commodities
TradeWar
Fed
SEO
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Fxstreet
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
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Forex Live
What are the main events for today?
The UK CPI report is the only highlight
market overview
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Forex Live
ForexLive Asia-Pacific FX news wrap: Oil spike on talk of Israel preparing attack on Iran
Forex news for Asian trading on Wednesday, May 21, 2025
Session wrap
Wrap Asia
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Fxstreet
USD/INR gathers strength amid ongoing US Dollar demand
The Indian Rupee (INR) edges lower on Wednesday. The US Dollar (USD) bids from foreign banks, likely on behalf of custodial clients, and the weaker Chinese Yuan weigh on the Indian currency. Additionally, a decline in local equities and a rise in crude oil prices also undermine the INR.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
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Fxstreet
US Dollar Index falls toward 99.50 as Fed officials express economic concerns
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is extending its losses for the third successive session and trading lower at around 99.70 during the Asian hours on Wednesday.
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Fed
Macroeconomics
UnitedStates
Majors
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Forex Live
Morgan Stanley raises China GDP forecast to 4.5% for 2025 amid easing trade tensions
4.5% for 2025 (from 4.2%) and 4.2% for 2026 (from 4.0%)
CNY
China Stock Market
China
CNH
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Fxstreet
Silver Price Forecast: XAG/USD consolidates around $33.00; seems poised to climb further
Silver (XAG/USD) retreats slightly following an Asian session uptick to the $33.20 area, or over a one-week high, and erodes a part of the previous day's strong move up.
Silver
Commodities
Technical Analysis
XAGUSD
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Fxstreet
Canadian FinMin: G7 weighs joint tariffs on low-value Chinese imports
Canada’s Finance Minister François-Philippe Champagne confirmed on Wednesday that Group of Seven (G7) nations are mulling over coordinated efforts to impose levies on low-value Chinese imports.
Canada
China
TradeWar
DollarIndex
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Forex Live
USD weakness extends
Asia FX has taken the dollar lower. EUR, JPY, CHF GBP, along with CAD, AUD and NZD all higher
USD
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Forex Live
G7 weighs joint tariffs on low-value Chinese imports amid overcapacity concerns
Canada’s Finance Minister François-Philippe Champagne comments
China
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Fxstreet
Japanese Yen buying interest remains unabated, hits fresh two-week high against a broadly weaker USD
The Japanese Yen (JPY) sticks to strong intraday gains, which, along with a broadly weaker US Dollar (USD), drags the USD/JPY pair closer to mid-143.00s, or a fresh two-week low during the early European session on Wednesday.
USDJPY
BOJ
InterestRate
Fed
SEO
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Fxstreet
Mexican Economy Minister Ebrard: Mexico’s US auto exports to benefit from tariff discounts
Mexican Economy Minister Marcelo Ebrard said late Tuesday that cars assembled in Mexico and exported to the United States (US) will be levied an average tariff of 15%, not 25%, clarifying that they will avail additional discounts that local products benefit from.
Mexico
USDMXN
TradeWar
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Fxstreet
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
The NZD/USD pair attracts some buyers to around 0.5935 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). The Federal Reserve’s (Fed) Thomas I. Barkin is scheduled to speak later on Wednesday.
NZDUSD
Majors
Macroeconomics
TradeWar
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Forex Live
ICYMI - Moody’s US downgrade sparks concern among Hong Kong pension funds
Here's why the downgrade matters.
Bonds
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Fxstreet
Australian Dollar rises despite rising odds of further RBA rate cuts, focus on Fedspeak
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Wednesday, recovering after registering more than 0.50% losses in the previous session.
AUDUSD
SEO
Macroeconomics
Majors
Australia
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Forex Live
US politics - tentative deal for $40,000 SALT deduction reached
Politico - a critical but tentative deal to boost the cap on state and local tax deductions to $40,000 in the GOP megabill, according to three Republicans with direct knowledge of the private agreement.
Politics
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Fxstreet
China's Commerce Ministry says US measures on Chinese chips are bullying, protectionist
China’s Commerce Ministry said early Wednesday that US measures on China’s advanced chips are ‘typical of unilateral bullying and protectionism.’ Chinese authorities urged the US to immediately correct its erroneous practices.
China
UnitedStates
TradeWar
Macroeconomics
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Fxstreet
PBOC sets USD/CNY reference rate at 7.1937 vs. 7.1931 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1937 as compared to the previous day's fix of 7.1931 and 7.2133 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
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Forex Live
China's Commerce Ministry says US measures on China chips are bullying, protectionist
MofCom statement adds that the US abuses export controls to contain and suppress China
CNY
China Stock Market
China
CNH
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