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USD/CAD trades near five-month lows as BoC-Fed policy divergence favours the Loonie
USD/CAD trades near five-month lows as BoC-Fed policy divergence favours the Loonie
The Canadian Dollar (CAD) holds modest gains against the US Dollar (USD) on Wednesday, even as the Greenback trades firm amid limited movement as markets drift into holiday mode. At the time of writing, USD/CAD is trading around 1.3675, hovering near its lowest level since July 25.
USDCAD
BOC
Fed
InterestRate
“AI Highlights Existing Problems and Makes Them Bigger”: Insight at FMLS:25 on Data Challenges
“AI Highlights Existing Problems and Makes Them Bigger”: Insight at FMLS:25 on Data Challenges
AI in trading requires human oversight, clean data, and explainable models. Retail can experiment faster than regulated institutions.
AI
retail
algo
retail FX
GBP/USD slips slightly as holiday-thinned markets keep trading subdued
GBP/USD slips slightly as holiday-thinned markets keep trading subdued
The British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session.
GBPUSD
BOE
Fed
InterestRate
“The Market Isn't Saturated, It Is Crowded”: FMLS:25 Panel on What It Takes for Retail Brokers to Compete in B2B
“The Market Isn't Saturated, It Is Crowded”: FMLS:25 Panel on What It Takes for Retail Brokers to Compete in B2B
At a Finance Magnates London Summit 2025 panel tilled "To B2B or Not? Dos and Donts for Brokers Going Institutional", industry leaders cautioned retail brokers: B2B liquidity is a compelling but ch...
Silver advances for fourth consecutive day on Fed easing hopes, safe-haven appeal
Silver advances for fourth consecutive day on Fed easing hopes, safe-haven appeal
Silver (XAG/USD) trades around $72.05 on Wednesday at the time of writing, up 0.70% on the day. The white metal extends its bullish momentum for a fourth straight day and reached a fresh all-time high at $72.71 earlier in the day, highlighting sustained investor appetite for precious metals.
Silver
XAGUSD
WTI Price Forecast: Momentum improves, but downside risks linger below $60
WTI Price Forecast: Momentum improves, but downside risks linger below $60
West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday as markets slip into holiday mode, with prices hovering near two-week highs amid thin liquidity.
WTI
Technical Analysis
Oil
SupportResistance
ChartPatterns
Momentum
US weekly Initial Jobless Claims decline to 214,000 vs. 223,000 expected
US weekly Initial Jobless Claims decline to 214,000 vs. 223,000 expected
There were 214,000 Initial Jobless Claims in the week ending December 20, a decrease of 10,000 from the previous week's unrevised level, the US Department of Labor (DOL) reported on Wednesday. This reading came in better than the market expectation of 223,000.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
“The Majority of a Broker’s Revenue Comes from Its B-Book Functionality,” Kieran Duff at FMLS:25
“The Majority of a Broker’s Revenue Comes from Its B-Book Functionality,” Kieran Duff at FMLS:25
“The majority of revenue for a broker and, you know, correct me if I'm wrong on this, if anybody knows better, but the majority of their revenue comes from their B book functionality,” opined Kiera...
GBP/JPY Price Forecast: Overbought signals hint at a pause
GBP/JPY Price Forecast: Overbought signals hint at a pause
The British Pound (GBP) trades slightly lower against the Japanese Yen (JPY) on Wednesday, though thin holiday trading conditions are keeping price action contained within a tight range.
GBPJPY
Crosses
Technical Analysis
SupportResistance
Breakouts
Following Finalto and Exinity, GivTrade Secures UAE SCA Category 5 Licence
Following Finalto and Exinity, GivTrade Secures UAE SCA Category 5 Licence
GivTrade secures a Category 5 licence from UAE’s Securities and Commodities Authority, enabling “Arrangement and Advice” activities locally.
EUR/GBP declines as BoE cautious tone supports Pound, ECB limits downside
EUR/GBP declines as BoE cautious tone supports Pound, ECB limits downside
EUR/GBP trades in negative territory around 0.8725 on Wednesday at the time of writing, extending a sequence of declines that began earlier in the week. The pair remains under pressure as the Pound Sterling (GBP) benefits from the Bank of England’s (BoE) relatively hawkish communication.
Ukraine’s central bank says Revolut’s account closures stem from a lack of local licensing
Ukraine’s central bank says Revolut’s account closures stem from a lack of local licensing
The National Bank of Ukraine (NBU) has clarified the reason behind fintech giant Revolut's recent decision to close accounts for its Ukrainian residents, stating that any firm wishing to offer fina...
revolut
ukraine
USD/CHF Price Forecast: Sees more downside to near 0.7830
USD/CHF Price Forecast: Sees more downside to near 0.7830
The USD/CHF pair extends its losing streak for the third trading day on Wednesday.
USDCHF
Fed
GDP
DollarIndex
SupportResistance
Gold pulls back from all-time highs as profit-taking emerges in quiet trade
Gold pulls back from all-time highs as profit-taking emerges in quiet trade
Gold (XAU/USD) trades on the back foot on Wednesday after surging to a fresh all-time high near $4,526 earlier in the day. Volatility picked up amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels.
XAUUSD
Gold
SEO
Technical Analysis
Fed
USD/JPY corrects further to near 155.80, gives up entire BoJ policy-led gains
USD/JPY corrects further to near 155.80, gives up entire BoJ policy-led gains
The USD/JPY pair trades 0.23% lower to near 155.80 during the European trading session on Wednesday. The pair extends its losing streak for the third trading day on Wednesday, which started after failing to gain further above an almost 11-month high near 158.00.
USDJPY
Fed
BOJ
InterestRate
DollarIndex
Who's got the power?
Who's got the power?
Is 2026 going to be the year where the AI trade is redefined?
market overview
How to Spot Unfair Prop Firm Practices Before You Sign Up
How to Spot Unfair Prop Firm Practices Before You Sign Up
Prop trading is the new black in trading but here are some (of many) warning signs for you young traders, as reported by FinanceMagnates.com
prop trading firms
prop trading challenge
prop trading
prop traders
EUR/USD holds firm near 1.1800 as thin liquidity, policy divergence persist
EUR/USD holds firm near 1.1800 as thin liquidity, policy divergence persist
EUR/USD trades around 1.1800 on Wednesday at the time of writing, up 0.10% on the day, after reaching its highest level since late September earlier in the day.
Spain to Enforce MiCA and DAC8 in 2026, Ending Crypto’s Regulatory Grey Area
Spain to Enforce MiCA and DAC8 in 2026, Ending Crypto’s Regulatory Grey Area
Spain is moving to close the regulatory gap for crypto firms. From 2026, MiCA and DAC8 will bring digital asset providers under the same licensing and reporting regime as traditional financial inst...
MiCA
crypto
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $71.66 per troy ounce, up 0.19% from the $71.53 it cost on Tuesday.
Silver
Commodities
Metals
“Volatility Has Changed the Investor”:  Brokers on Markets, Crypto and the Trump Effect at FMLS:25
“Volatility Has Changed the Investor”: Brokers on Markets, Crypto and the Trump Effect at FMLS:25
Volatility defined markets in 2025. For leading online brokers, it was a stress test that reshaped client behaviour, exposed weak models and, in some cases, drove record growth.
volatility
fmls25
EUR/JPY Price Forecast: Falls to near 183.50, nine-day EMA
EUR/JPY Price Forecast: Falls to near 183.50, nine-day EMA
EUR/JPY extends its losses for the third successive session, trading around 183.70 during the European hours on Wednesday. The currency cross remains within the ascending channel pattern, suggesting a persistent bullish bias.
EURJPY
Technical Analysis
Crosses
AUD/JPY remains depressed near mid-104.00s, below YTD top as JPY benefits from hawkish BoJ
AUD/JPY remains depressed near mid-104.00s, below YTD top as JPY benefits from hawkish BoJ
The AUD/JPY cross attracts some sellers on Wednesday and sticks to modest intraday losses, around mid-104.00s during the first half of the European session. Spot prices, however, lack follow-through and remain close to the highest level since July 2024, touched the previous day.
AUDJPY
BOJ
InterestRate
RBA
Currencies
Pound Sterling outperforms US Dollar amid firm Fed dovish bets for 2026
Pound Sterling outperforms US Dollar amid firm Fed dovish bets for 2026
The Pound Sterling (GBP) revisits the three-month high around 1.3535 against the US Dollar (USD) during the European trading session on Wednesday.
GBPUSD
Fed
BOE
InterestRate
SEO
AUD/USD Price Forecast: Posts fresh yearly high above 0.6700
AUD/USD Price Forecast: Posts fresh yearly high above 0.6700
The AUD/USD pair jumps to near 0.6717 during the European trading session on Wednesday, the highest level seen in over a year.
AUDUSD
Fed
RBA
InterestRate
SupportResistance
US Dollar Index hovers around 98.00 after recovering recent losses
US Dollar Index hovers around 98.00 after recovering recent losses
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining flat after recovering daily losses and trading around 97.90 during the European hours on Wednesday.
Macroeconomics
DollarIndex
UnitedStates
Fed
Majors
Gold Price Forecast: XAU/USD trades below $4,500 as bulls pause for a breather
Gold Price Forecast: XAU/USD trades below $4,500 as bulls pause for a breather
Gold (XAU/USD) retreats slightly from a fresh all-time peak, around the $4,526 area touched earlier this Wednesday, and trades with a negative bias during the first half of the European session.
Gold
Commodities
Fed
Technical Analysis
XAUUSD
Dow Jones futures slip slightly ahead of holiday-shortened session
Dow Jones futures slip slightly ahead of holiday-shortened session
Dow Jones futures decline 0.11% to trade near 48,700 during the European session on Wednesday, while S&P 500 and Nasdaq 100 futures also decline, edging lower 0.10% and 0.09% to below 7,000 and 25,800, respectively.
DowJones
Equities
Nasdaq
Fed
SP500
The inflation mirage that will take shape next year
The inflation mirage that will take shape next year
A closer look at how the inflation narrative will shift in 2026
market overview
WTI Price Forecast: Climbs to two-week top, above mid-$58.00s amid geopolitical risks
WTI Price Forecast: Climbs to two-week top, above mid-$58.00s amid geopolitical risks
West Texas Intermediate (WTI) US Crude Oil prices touch a nearly two-week high, around the $58.55 region on Wednesday, and look to build on the recent recovery from the lowest level since May, touched last week.
Oil
Commodities
Technical Analysis
WTI
USD/CAD Price Forecast: Remains below 1.3700 near five-month lows
USD/CAD Price Forecast: Remains below 1.3700 near five-month lows
USD/CAD loses ground for the third consecutive day, trading around 1.3680 during the early European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.
USDCAD
Majors
Technical Analysis
Canada
NZD/USD strengthens to near 0.5850 on US rate cut expectations, Fed independence concerns
NZD/USD strengthens to near 0.5850 on US rate cut expectations, Fed independence concerns
The NZD/USD pair extends its upside to near 0.5845 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) on the prospect of a further interest rate cut by the US Federal Reserve (Fed).
NZDUSD
Majors
Macroeconomics
NewZealand
Forex Today: Markets quiet down on Christmas Eve
Forex Today: Markets quiet down on Christmas Eve
Here is what you need to know on Wednesday, December 24:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
EUR/GBP weakens below 0.8750 as BoE hints at slower easing pace
EUR/GBP weakens below 0.8750 as BoE hints at slower easing pace
The EUR/GBP cross trades in negative territory for the fifth consecutive day around 0.8725 during the early European session on Wednesday.
EURGBP
Crosses
Macroeconomics
BOE
Silver Price Forecast: XAG/USD extends bull run to near $72.70 as Fed dovish bets remain steady
Silver Price Forecast: XAG/USD extends bull run to near $72.70 as Fed dovish bets remain steady
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
Silver
Fed
XAGUSD
GDP
InterestRate
GBP/JPY hangs near weekly low, around mid-210.00s amid a broadly firmer JPY
GBP/JPY hangs near weekly low, around mid-210.00s amid a broadly firmer JPY
The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday.
GBPJPY
BOJ
RiskAppetite
BOE
Currencies
USD/INR rebounds as FIIs continue to dump Indian stocks
USD/INR rebounds as FIIs continue to dump Indian stocks
The Indian Rupee (INR) faces selling pressure against the US Dollar (USD) on Wednesday. The USD/INR pair recovers to near 90.20, but is broadly in the corrective phase, following the Reserve Bank of India’s (RBI) intervention last week.
USDINR
Fed
India
UnitedStates
SEO
AUD/JPY retreats to 104.50 after hitting 17-month highs
AUD/JPY retreats to 104.50 after hitting 17-month highs
AUD/JPY halts its five-day winning streak. The currency cross is trading around 104.50 after pulling back from 104.72, the highest level since July 2024, reached during the early Asian hours on Wednesday.
AUDJPY
Crosses
Macroeconomics
Australia
Japan
GBP/USD gathers strength above 1.3500 as BoE signals gradual easing
GBP/USD gathers strength above 1.3500 as BoE signals gradual easing
The GBP/USD pair trades in positive territory near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) strengthens against the Greenback on expectations that the Bank of England (BoE) will follow a gradual monetary easing path in 2026.  
GBPUSD
Majors
Macroeconomics
BOE
Broker Rebates