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CAD holds range on the day – Scotiabank
CAD holds range on the day – Scotiabank
So, the 25% tariff regime might have had a very short shelf life after all and we might be looking at low double digit border tariffs now, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
Crypto is Expanding in the Middle East, but What Challenges Lie Ahead?
Crypto is Expanding in the Middle East, but What Challenges Lie Ahead?
News Discussion Forum
By Finance Magnates
Crypto is Expanding in the Middle East, but What Challenges Lie Ahead?
The MENA region will continue to dominate global crypto-related conversations.
crypto
USD trades broadly lower – Scotiabank
USD trades broadly lower – Scotiabank
After Tariffs Tuesday, we’ve arrived at Walkback Wednesday, it would seem.
DollarIndex
Technical Analysis
Banks
ForexLive European FX news wrap: Euro stays upbeat as dollar slumps, DAX rebounds strongly
ForexLive European FX news wrap: Euro stays upbeat as dollar slumps, DAX rebounds strongly
Forex news from the European morning session on Mar 5, 2025
Session wrap
Wrap Europe
US Dollar sees upbeat Services ISM report come a little too late
US Dollar sees upbeat Services ISM report come a little too late
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is unable to recover this Wednesday with again deepened out losses in already turbulent week for the DXY. The downward move comes as
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Exclusive: CRM Solutions Provider Proftit to Shut Down Operations
Exclusive: CRM Solutions Provider Proftit to Shut Down Operations
News Discussion Forum
By Finance Magnates
Exclusive: CRM Solutions Provider Proftit to Shut Down Operations
Proftit Ltd., a provider of CRM solutions to brokers and prop firms, has decided to close down its current operations to consider and implement strategic changes, Finance Magnates has learned.
PROFTIT
US MBA mortgage applications w.e. 28 February +20.4% vs -1.2% prior
US MBA mortgage applications w.e. 28 February +20.4% vs -1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 28 February 2025
Bybit CEO Labels Pi Network a Scam as Project Defends 60 Million User Claim
Bybit CEO Labels Pi Network a Scam as Project Defends 60 Million User Claim
News Discussion Forum
By Finance Magnates
Bybit CEO Labels Pi Network a Scam as Project Defends 60 Million User Claim
Pi Network has responded to accusations from Bybit CEO, who labelled the project a scam. The controversy followed a post from an X account.
Bybit
crypto
cryptocurrency
NZD/USD gains to near 0.5680 as US Dollar continues to underperform
NZD/USD gains to near 0.5680 as US Dollar continues to underperform
The NZD/USD pair recovers its intraday losses and turns positive in European trading hours on Wednesday.
NZDUSD
Fed
RBNZ
Employment
China
China president Xi continues to push the goal of common prosperity
China president Xi continues to push the goal of common prosperity
The Chinese state radio with a remark by Xi on the sidelines of the National People's Congress
Will XRP Go Up? New Price Forecasts Show If XRP Can Reach $100
Will XRP Go Up? New Price Forecasts Show If XRP Can Reach $100
News Discussion Forum
By Finance Magnates
Will XRP Go Up? New Price Forecasts Show If XRP Can Reach $100
XRP news: XRP's price surged 35% before dropping 20%. Will XRP go up? Can XRP reach $100? Explore expert forecasts & analysis.
XRP
XRP News
Ripple
ThinkMarkets Becomes Platinum Partner on TradingView
ThinkMarkets Becomes Platinum Partner on TradingView
News Discussion Forum
By Finance Magnates
ThinkMarkets Becomes Platinum Partner on TradingView
ThinkMarkets has upgraded to TradingView’s Platinum partnership level.
China: Domestic demand prioritised to offset tariffs – Standard Chartered
China: Domestic demand prioritised to offset tariffs – Standard Chartered
NPC set targets for growth at 5%, inflation 2%, official budget deficit 4% of GDP, largely as we expected.
China
Technical Analysis
Banks
Gold softer after Secretary Lutnick reiterates Trump could cancel tariffs
Gold softer after Secretary Lutnick reiterates Trump could cancel tariffs
Gold’s price (XAU/USD) eases again, though less severe after earlier losses in the Asian trading session and trades around $2,920 at the time of writing on Wednesday. With tariffs still in place and several more tariffs to come for Europe and other
Gold
Commodities
UnitedStates
SEO
TradeWar
Venezuelan oil supply at risk – ING
Venezuelan oil supply at risk – ING
The oil market came under pressure again yesterday, with ICE Brent settling a little more than 0.8% lower.
Oil
Technical Analysis
Banks
USD/CNH: China's 2025 fiscal deficit target is highest in over three decades – BBH
USD/CNH: China's 2025 fiscal deficit target is highest in over three decades – BBH
USD/CNH is consolidating near recent lows around 7.2600. China boosts fiscal spending.
USDCNH
Technical Analysis
Banks
Pound Sterling strengthens against US Dollar as US ADP Employment misses estimates
Pound Sterling strengthens against US Dollar as US ADP Employment misses estimates
The Pound Sterling (GBP) jumps to near 1.2850 against the US Dollar (USD) in North American trading hours on Wednesday, the highest level seen since November 12.
GBPUSD
Fed
BOE
TradeWar
SEO
USD/CNH: Decline is likely part of a lower range of 7.2400/7.2800 – UOB Group
USD/CNH: Decline is likely part of a lower range of 7.2400/7.2800 – UOB Group
Further US Dollar (USD) weakness vs Chinese Yuan (CNH) is not ruled out, but any decline is likely part of a lower range of 7.2400/7.2800.
USDCNH
Technical Analysis
Banks
NZD/USD: Orr resigns from his position in the RBNZ – BBH
NZD/USD: Orr resigns from his position in the RBNZ – BBH
RBNZ Governor Adrian Orr unexpectedly resigned, BBH's FX analysts report.
NZDUSD
Technical Analysis
Banks
RBNZ
USD/JPY: To trade between 148.80 and 150.70 – UOB Group
USD/JPY: To trade between 148.80 and 150.70 – UOB Group
Outlook is unclear; US Dollar (USD) could trade between 148.80 and 150.70 vs Japanese Yen (JPY).
USDJPY
Technical Analysis
Banks
AUD/USD: RBA projects growth to return to its trend rate of 2% over 2025 – BBH
AUD/USD: RBA projects growth to return to its trend rate of 2% over 2025 – BBH
AUD/USD is firmer on US Dollar (USD) weakness, BBH's FX analysts report.
AUDUSD
RBA
Banks
Eurozone January PPI +0.8% vs +0.5% m/m expected
Eurozone January PPI +0.8% vs +0.5% m/m expected
Latest data released by Eurostat - 5 March 2025
NZD/USD: A slim chance of NZD reaching 0.5565 – UOB Group
NZD/USD: A slim chance of NZD reaching 0.5565 – UOB Group
New Zealand Dollar (NZD) is expected to trade in a higher range of 0.5625/0.5670 vs US Dollar (USD).
NZDUSD
Technical Analysis
Banks
Ukraine Flags Two Prop Trading Firms: Is It a Signal of Incoming Regulations?
Ukraine Flags Two Prop Trading Firms: Is It a Signal of Incoming Regulations?
News Discussion Forum
By Finance Magnates
Ukraine Flags Two Prop Trading Firms: Is It a Signal of Incoming Regulations?
Ukraine’s financial market regulator has added two prop trading firms to its warning list. Alpine Funded and Aura Funded were among the seven names the agency flagged last week.
prop firms
prop trading
China NPC: Work report delivers on key market expectations – UOB Group
China NPC: Work report delivers on key market expectations – UOB Group
The third annual session of the 14th National People's Congress (NPC) is held in Beijing on 5-11 Mar.
China
GDP
Banks
USD: The prospect of the US withdrawing its security umbrella from Europe is a crisis – ING
USD: The prospect of the US withdrawing its security umbrella from Europe is a crisis – ING
The trade-weighted Dollar Index (DXY) broke decisively under 106 yesterday as European currencies rallied on the prospects of major fiscal stimulus.
DollarIndex
Technical Analysis
Banks
WTI slumps to near $67.50 as Trump tariffs weigh on global Oil demand outlook
WTI slumps to near $67.50 as Trump tariffs weigh on global Oil demand outlook
West Texas Intermediate (WTI), futures on NYMEX, falls sharply to near $67.50 in Wednesday’s European session.
Oil
WTI
TradeWar
UnitedStates
OPEC
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
Commodities
Metals
UK February final services PMI 51.0 vs 51.1 prelim
UK February final services PMI 51.0 vs 51.1 prelim
Latest data released by S&P Global - 5 March 2025
Dollar struggles continue in European trading today
Dollar struggles continue in European trading today
EUR/USD already moving up above the 1.0700 mark
Italy Q4 final GDP +0.1% vs 0.0% q/q prelim
Italy Q4 final GDP +0.1% vs 0.0% q/q prelim
Latest data released by Istat - 5 March 2025
Eurozone February final services PMI 50.6 vs 50.7 prelim
Eurozone February final services PMI 50.6 vs 50.7 prelim
Latest data released by HCOB - 5 March 2025
Germany February final services PMI 51.1 vs 52.2 prelim
Germany February final services PMI 51.1 vs 52.2 prelim
Latest data released by HCOB - 5 March 2025
Former Octa and Scope Markets Head of Dealing Moves to New Dubai-based FX and CFD Broker
Former Octa and Scope Markets Head of Dealing Moves to New Dubai-based FX and CFD Broker
News Discussion Forum
By Finance Magnates
Former Octa and Scope Markets Head of Dealing Moves to New Dubai-based FX and CFD Broker
After spending less than a year at Octa Markets as Head of Dealing, Anastasios Lamaris is transitioning to Tauro Markets, which was launched in 2024.
France February final services PMI 45.3 vs 44.5 prelim
France February final services PMI 45.3 vs 44.5 prelim
Latest data released by HCOB - 5 March 2025
USD/JPY Price Analysis: Tests resistance at 149.50 near nine-day EMA
USD/JPY Price Analysis: Tests resistance at 149.50 near nine-day EMA
USD/JPY gains ground after registering losses in the previous two successive days, trading around 149.40 during the European session on Wednesday.
USDJPY
Technical Analysis
Majors
Italy February services PMI 53.0 vs 50.9 expected
Italy February services PMI 53.0 vs 50.9 expected
Latest data released by HCOB - 5 March 2025
AUD/USD: Any advance is likely part of a higher range of 0.6230/0.6285 – UOB Group
AUD/USD: Any advance is likely part of a higher range of 0.6230/0.6285 – UOB Group
Australian Dollar (AUD) could strengthen further vs US Dollar (USD); any advance is likely part of a higher range of 0.6230/0.6285.
AUDUSD
Technical Analysis
Banks