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FXIFY™ and WeForest Partner Again to Tackle Deforestation in 2025
FXIFY™ and WeForest Partner Again to Tackle Deforestation in 2025
News Discussion Forum
By Finance Magnates
FXIFY™ and WeForest Partner Again to Tackle Deforestation in 2025
Trading capital meets climate action as FXIFY launches its second reforestation campaign.
Breaking: Private sector employment in US rises 37,000 in May vs. 115,000 forecast
Breaking: Private sector employment in US rises 37,000 in May vs. 115,000 forecast
Private sector employment in the US rose by 37,000 in May and annual pay was up 4.5% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday.
Breaking
Employment
EconomicIndicator
UnitedStates
ADP May employment +37K vs +110K prior
ADP May employment +37K vs +110K prior
Weak reading for the May survey of jobs from ADP
ForexLive European FX news wrap: Light changes as markets wait on trade developments
ForexLive European FX news wrap: Light changes as markets wait on trade developments
Forex news from the European morning session on Jun 4, 2025
Session wrap
Wrap Europe
US Dollar Index (DXY) stalls above 99.00 as JOLTS jobs optimism fades
US Dollar Index (DXY) stalls above 99.00 as JOLTS jobs optimism fades
The US Dollar Index (DXY) nudges lower on Wednesday, following a sharp rebound on Tuesday.
DollarIndex
Currencies
Employment
JPY: Media report of BoJ equivocation on policy normalization – Scotiabank
JPY: Media report of BoJ equivocation on policy normalization – Scotiabank
The Japanese Yen (JPY) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with all other major currency peers showing modest gains (vs. USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
BOJ
Japan
Banks
Technical Analysis
GBP is trading quietly on the day – Scotiabank
GBP is trading quietly on the day – Scotiabank
Pound Sterling (GBP) is also trading in a tight range, entering Wednesday’s NA session with a minor gain vs. the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
EUR flat vs. USD following modest improvement in PMI’s – Scotiabank
EUR flat vs. USD following modest improvement in PMI’s – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session unchanged against the US Dollar (USD), quietly consolidating in a tight range just below 1.14, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
Gold prices strengthen following weak US ADP, ISM Services data
Gold prices strengthen following weak US ADP, ISM Services data
Gold prices are firming above $3,350 against the US Dollar (USD) on Wednesday after a negative ADP employment release and a poor ISM Services PMI print reduced demand for the Greenback. 
Gold
XAUUSD
Technical Analysis
SEO
CAD little changed ahead of BoC policy decision – Scotiabank
CAD little changed ahead of BoC policy decision – Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists’ consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
BOC
Technical Analysis
Canada
USD little changed as markets mull tariffs – Scotiabank
USD little changed as markets mull tariffs – Scotiabank
The USD is trading steady to a little softer overall in quiet trade. Global stocks are firmer while bonds are little changed in rather quiet trading, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve
British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve
The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday, paring Tuesday’s losses as the Greenback softens slightly ahead of key US labor market data.
GBPUSD
PMI
TradeWar
Watch out for these two key macro risks ahead
Watch out for these two key macro risks ahead
The current expectations see global growth improving and disinflation remaining on track. Changes in these expectations will move the markets a lot.
market overview
US MBA mortgage applications w.e. 30 May -3.9% vs -1.2% prior
US MBA mortgage applications w.e. 30 May -3.9% vs -1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 30 May 2025
Australia: Soft 1Q25 GDP reinforces expectations for further easing by RBA – UOB Group
Australia: Soft 1Q25 GDP reinforces expectations for further easing by RBA – UOB Group
Australia’s GDP posted a 0.2% q/q rise in 1Q25, lower than consensus expectations for a 0.4% q/q print, and growth pace of 0.6% q/q in 4Q24. It was also weaker than the RBA’s May Statement on Monetary Policy forecast of 0.4%.
Banks
Australia
GDP
RBA
Growth
CAD: Slight tendency towards unchanged interest rates – Commerzbank
CAD: Slight tendency towards unchanged interest rates – Commerzbank
Today's decision by the Bank of Canada (BoC) promises to be very exciting. Whether the Bank of Canada will cut interest rates again or wait until its next meeting at the end of July is not a foregone conclusion, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
USDCAD
BOC
Canada
Technical Analysis
USD/CNH: Likely to trade between 7.1850 and 7.2050 – UOB Group
USD/CNH: Likely to trade between 7.1850 and 7.2050 – UOB Group
US Dollar (USD) is likely to trade between 7.1850 and 7.2050 against Chinese Yuan (CNH). In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY hesitates at 144.00 with markets awaiting US data
USD/JPY hesitates at 144.00 with markets awaiting US data
The US Dollar’s recovery from Monday’s lows has lost steam during Wednesday’s European trading session.
USDJPY
Currencies
Majors
What to make of the USD recovery? – Commerzbank
What to make of the USD recovery? – Commerzbank
After reaching its highest level since April at the beginning of the week, EUR/USD fell again yesterday. Some market voices attribute the US dollar's recovery to the upcoming US labour market data.
Banks
DollarIndex
EURUSD
Fed
Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy
Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy
News Discussion Forum
By Finance Magnates
Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy
Equiti Group, known for offering contracts for differences (CFDs) trading services, announced today (Wednesday) its partnership with the Dubai Digital Asset Association (D2A2), a regulatory body ai...
Equiti Group
Equiti
Why Is XRP Going Up? XRP Price Jumps 10% as Crypto Expert Predicts $100 per Token by 2026
Why Is XRP Going Up? XRP Price Jumps 10% as Crypto Expert Predicts $100 per Token by 2026
News Discussion Forum
By Finance Magnates
Why Is XRP Going Up? XRP Price Jumps 10% as Crypto Expert Predicts $100 per Token by 2026
XRP News: XRP Price surges 10% in 5 days as ETF speculation, regulatory clarity, and global adoption fuel bullish XRP Price Prediction for June 2025. Discover why XRP is going up now.
ripple. xrp
XRP
XRP News
XRP Price
Silver Price Forecast: XAG/USD resumes gains with $34.80 on focus 
Silver Price Forecast: XAG/USD resumes gains with $34.80 on focus 
Silver prices (XAG/USD) correction from year-to-date highs below $35.00 has been limited at the $34.00 area, and the precious metal bounced up again to consolidate at the $34.50 area on Wednesday, with the 34.80 high at a short distance.Bears have been contained well above a previous resistance area
XAGUSD
Silver
Commodities
BoC decision in focus amid split market views on rate cut – Danske Bank
BoC decision in focus amid split market views on rate cut – Danske Bank
All eyes are on the Bank of Canada today, with markets divided over whether a rate cut is imminent. While a hold is our base case, uncertainty remains high amid weakening data and global trade headwinds.
Banks
BOC
USDCAD
CentralBanks
InterestRate
Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026
Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026
News Discussion Forum
By Finance Magnates
Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026
British fintech firm Revolut will launch its first automated teller machines (ATMs) next Monday in Madrid and Barcelona, two major Spanish cities.
fintech
revolut
Interest rate expectations remain largely the same amid lack of changes in macro picture
Interest rate expectations remain largely the same amid lack of changes in macro picture
It's been one of the longest consolidations in a while as the lack of key macro developments keeps traders waiting for something new
market overview
USD/JPY: Likely to trade in a higher range of 143.30/144.30 – UOB Group
USD/JPY: Likely to trade in a higher range of 143.30/144.30 – UOB Group
Any further rebound is likely part of a higher range of 143.30/144.30 instead of a sustained advance. In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD rebounds as risk appetite improves – Danske Bank
USD rebounds as risk appetite improves – Danske Bank
The US Dollar (USD) caught a bid across G10 FX yesterday as safe-haven flows took a breather amid improved risk sentiment, with the JPY, CHF, and particularly gold weakening, Danske Bank's FX analysts report.
DollarIndex
Banks
EURUSD
Currencies
ECB
EU’s Sefcovic: Had constructive talks with USTR Greer
EU’s Sefcovic: Had constructive talks with USTR Greer
European Union (EU) Trade Commissioner Maros Sefcovic said on Wednesday that he “had constructive talks with US Trade Representative (USTR) Jamieson Greer.”
EURUSD
Eurozone
TradeWar
UnitedStates
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
USD/CAD breaks below 200-DMA, downtrend persists – Société Générale
USD/CAD breaks below 200-DMA, downtrend persists – Société Générale
USD/CAD continues its descent after slipping below the 200-DMA, now hovering near a long-term trend line. While momentum indicators show some signs of stabilization, the technical outlook remains fragile without a clear bounce, Société Générale's FX analysts note.
USDCAD
Banks
Technical Analysis
NZD/USD: Likely to consolidate between 0.5985 and 0.6030 – UOB Group
NZD/USD: Likely to consolidate between 0.5985 and 0.6030 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5985 and 0.6030. In the longer run, rapid buildup in upward momentum indicates further NZD strength; the level to monitor is 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
USD/CAD Price Forecast: Falls to near 1.3700, eight-week lows
USD/CAD Price Forecast: Falls to near 1.3700, eight-week lows
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.
USDCAD
Technical Analysis
Majors
USD: Dollar rebounds, trade and ISM in focus – ING
USD: Dollar rebounds, trade and ISM in focus – ING
The US Dollar (USD) showed resilience despite the late-session bounce in Treasury yields, supported by strong April JOLTS job openings. That said, the JOLTS data adds little to the overall jobs picture: the labour market remains tight, while declining quits suggest wage growth is easing.
DollarIndex
Banks
Technical Analysis
GBP/JPY Price Forecast: Seems poised to build on momentum beyond 195.00 mark
GBP/JPY Price Forecast: Seems poised to build on momentum beyond 195.00 mark
The GBP/JPY cross builds on the previous day's goodish rebound from the 192.75-192.70 area, or over a one-week low, and gains positive traction for the second straight day on Wednesday.
GBPJPY
Technical Analysis
Crosses
Currencies
BoC's Macklem: The recent strengthening of CAD has had some impact on inflation
BoC's Macklem: The recent strengthening of CAD has had some impact on inflation
Bank of Canada Governor Tiff Macklem provides insights into the central bank’s policy outlook while responding to enquiries from reporters. This follows the bank’s decision to maintain its policy rate at 2.75%, a move that was widely expected by markets.
USDCAD
BOC
SEO
CentralBanks
ETH Price Prediction
ETH Price Prediction
Learn how to use Average Buy Profit (ABP) for Ethereum price prediction. No single element can fully 'crack' the elusive price prediction riddle but certain intelligence like the following, can provide decision support when attempting to forecast the next move. Come on over to learn something new and make informed decisions with this insightful guide at ForexLive (evolving to investingLive.com this summer)
Crypto
Crypto Technical Analysis
ETH Technical Analysis
ETH
AUD/USD: Expected to trade in a range between 0.6445 and 0.6490 – UOB Group
AUD/USD: Expected to trade in a range between 0.6445 and 0.6490 – UOB Group
Australian Dollar (AUD) is expected to trade in a range between 0.6445 and 0.6490 against US Dollar (ISD). In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks