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Quick Look: Gold prices dip to $2,411, following recent record highs. FOMC

With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.
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Quick Look: Worldcoin violated data privacy rules, excessively retaining biometric data and

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Gold
Commodities

Quick Look: Gold prices dip to $2,411, following recent record highs. FOMC

zinc and copper
Commodities

Quick Look Zinc futures soared to a 5-week high amid output cuts

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FOREX NEWS

FOREX NEWS

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dollar, usd/cad-american-canadian-dollars

Canadian Dollar Eyes Inflation: 2.7% vs. 2.9% YoY

Quick Look: April’s CPI forecast suggests a 2.7% year-on-year increase, down from March’s 2.9%. Lower CPI might ensure a June rate cut, while higher inflation could delay it to July.  The US dollar weakened due to revised Fed outlooks,

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Rallies to 1.2710 as Investors Eye Key Data

Quick Look: GBP/USD rallied to 1.2710 in the early Asian session, reflecting anticipation rather than economic developments. Modest gains of 0.04%; cleared resistance levels indicate buyer momentum, yet downside risks remain. Resistance at $1.26 and $1.25; analysts see potential

United states dollar

US Dollar Nears 10-Week Highs Ahead of US Growth Report

The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken

United states dollar

Dollar Goes Up Against other Currencies on Bullish Data

The dollar edged higher against a basket of its key rivals on Monday, not far from a 10-week high following that data that showed US economic growth slowed less than expected and as global risk sentiment stayed fragile. The

Euro Slides on German Chancellor News

Euro Slides on German Chancellor News

The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics.   [img desc: Angela

BROKER NEWS

Broker News

Dutch Neobank BUX Names Marcel Jongmans as Chairperson

BUX Holding, the parent firm of mobile investment platform BUX, today announced Marcel Jongmans as the board’s new Chairperson. With almost 30 years in financial services, Jongmans will succeed Founder Nick Bortot, who will stay involved as a Board Observer. BUX Introduces New Chairperson Marcel Jongmans Jongmans takes the

Dollar and Swiss franc - USD/CHF

USD/CHF Breaches Channel: Low at 0.8988, High at 0.9117

Quick Look: USD/CHF fell below its ascending channel, raising concerns about the uptrend’s sustainability. The pair dropped to 0.8988 on May 16 but rebounded to 0.9117, reflecting high volatility. A break below 0.8988 could target 0.8878, while recovery above the channel suggests a potential for 0.9225. The USD/CHF currency pair has

dollar, usd/cad-american-canadian-dollars

Canadian Dollar Eyes Inflation: 2.7% vs. 2.9% YoY

Quick Look: April’s CPI forecast suggests a 2.7% year-on-year increase, down from March’s 2.9%. Lower CPI might ensure a June rate cut, while higher inflation could delay it to July.  The US dollar weakened due to revised Fed outlooks, with less likelihood of rate cuts in 2024. The US dollar opened

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Rallies to 1.2710 as Investors Eye Key Data

Quick Look: GBP/USD rallied to 1.2710 in the early Asian session, reflecting anticipation rather than economic developments. Modest gains of 0.04%; cleared resistance levels indicate buyer momentum, yet downside risks remain. Resistance at $1.26 and $1.25; analysts see potential short-term rallies but overall downward pressure to $1.20. The GBP/USD pair trades

Wibest – Yen Exchange Rate: Japanese yen coins. (USD/JPY)

USD/JPY Forecast: Yen Nears 156.50 Amid Rate Speculation

Quick Look: The USD has risen against the JPY, targeting 156.50 to above 160 yen. Higher US rates benefit USD; BoJ’s debt load likely keeps Japanese rates low. Watch BoJ commentary and Fed speakers on May 21 for future monetary policy clues. In recent trading sessions, the USD has slightly risen

Dukascopy’s Trading Revenue Takes an 80% Hit in H1

The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during

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