US Dollar back to flat ahead of Fed's Minutes release later this Wednesday
US Dollar back to flat ahead of Fed's Minutes release later this Wednesday
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is seeing traders brace for the Federal Reserve (Fed) Minutes release from its latest monetary policy meeting in January, with traders seeing
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
US MBA mortgage applications w.e. 14 February -6.6% vs +2.3% prior
US MBA mortgage applications w.e. 14 February -6.6% vs +2.3% prior
Latest data from the Mortgage Bankers Association for the week ending 14 February 2025
RBNZ: 50bps cut, more to come – Standard Chartered
RBNZ: 50bps cut, more to come – Standard Chartered
RBNZ cuts OCR to 3.75%, signalling more front-loaded easing.
RBNZ
NZDUSD
InterestRate
Technical Analysis
Banks
New Zealand: RBNZ reduces OCR by 50bps – UOB Group
New Zealand: RBNZ reduces OCR by 50bps – UOB Group
The Reserve Bank of New Zealand (RBNZ), at its first monetary policy of the year, decided to lower the Official Cash Rate (OCR) by 50bps to 3.75%.
RBNZ
NZDUSD
Technical Analysis
InterestRate
Banks
USD/CNH: Momentum has slowed somewhat – UOB Group
USD/CNH: Momentum has slowed somewhat – UOB Group
US Dollar (USD) is expected to trade between 7.2620 and 7.2850 vs Chinese Yuan (CNH).
USDCNY
USDCNH
Technical Analysis
Banks
USD/JPY: Likely to consolidate for the time being – OCBC
USD/JPY: Likely to consolidate for the time being – OCBC
USD/JPY traded on a softer footing this morning on comments from BoJ’s board member Takata – it is important for BoJ to continue to consider policy adjustments even after last month’s rate hike in order to avoid excessively high expectations that monetary easing might persist.
USDJPY
Technical Analysis
Banks
Nasdaq Technical Analysis – The path of least resistance remains to the upside
Nasdaq Technical Analysis – The path of least resistance remains to the upside
The Nasdaq broke above a key resistance recently as we approach the all-time highs. What’s next?
Nasdaq Technical Analysis
USD: Still room to recover – ING
USD: Still room to recover – ING
The dollar continued its rebound yesterday, although early trading today is favouring some momentum in the yen and Antipodeans.
DollarIndex
Technical Analysis
Banks
USD/JPY: Tentative buildup in downward momentum – UOB Group
USD/JPY: Tentative buildup in downward momentum – UOB Group
Price movements are likely part of a 151.40/152.50 range trading phase.
USDJPY
Technical Analysis
Banks
CySEC Approval Enables eToro for Crypto Services Across the EU Under MiCA
CySEC Approval Enables eToro for Crypto Services Across the EU Under MiCA
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By Finance Magnates
CySEC Approval Enables eToro for Crypto Services Across the EU Under MiCA
eToro, a global trading and investing platform, has announced that its European subsidiary, eToro (Europe), has been granted a permit by the CySEC.
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etoro
crypto
mifid
AUD/USD: 2-way trades likely – OCBC
AUD/USD: 2-way trades likely – OCBC
Australian Dollar (AUD) continued to trade near recent highs post-RBA cut yesterday.
AUDUSD
Technical Analysis
Banks
eToro Completes SOC 2 Type II Audit for Cryptoasset Security and Compliance
eToro Completes SOC 2 Type II Audit for Cryptoasset Security and Compliance
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eToro Completes SOC 2 Type II Audit for Cryptoasset Security and Compliance
eToro has achieved SOC 2 Type II compliance for its cryptoasset custody services after an independent audit assessing its security controls.
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USD/CHF Price Forecast: Extends winning streak for third trading day
USD/CHF Price Forecast: Extends winning streak for third trading day
The USD/CHF pair extends its winning spree for the third trading day on Wednesday.
USDCHF
Fed
SNB
DollarIndex
SupportResistance
S&P 500 Technical Analysis – The market is flirting with a new all-time high
S&P 500 Technical Analysis – The market is flirting with a new all-time high
The S&P 500 is trading around the all-time highs as the risks around inflation and trade wars continue to fade. What’s next?
S&P Futures Technical Analysis
US-EU trade talks one to watch later in the day
US-EU trade talks one to watch later in the day
EU trade commissioner, Maroš Šefčovič, set for a meeting with Trump's team in Washington today
Politics
Gold retreats after a fresh all time high on weak Mortgages
Gold retreats after a fresh all time high on weak Mortgages
Gold’s price (XAU/USD) has printed a fresh record high at $2,945 during the European trading session on Wednesday. The precious metal falls back to flat ahead of the United States (US) trading session after weekly US Mortgage Applications fell by 6.6%
Gold
Commodities
SEO
TradeWar
NZD/USD: Likely to trade sideways between 0.5690 and 0.5730 – UOB Group
NZD/USD: Likely to trade sideways between 0.5690 and 0.5730 – UOB Group
New Zealand Dollar (NZD) is likely to trade sideways between 0.5690 and 0.5730.
NZDUSD
Technical Analysis
Banks
NZD/USD: Pace of rate cut to slow going forward – OCBC
NZD/USD: Pace of rate cut to slow going forward – OCBC
Reserve Bank of New Zealand (RBNZ) cut rate by 50bp to bring OCR to 3.75%.
NZDUSD
Technical Analysis
Banks
AUD/USD: Long-term momentum remains strong – UOB Group
AUD/USD: Long-term momentum remains strong – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6330 and 0.6365.
AUDUSD
Technical Analysis
Banks
DXY: Subdued trading on the day – OCBC
DXY: Subdued trading on the day – OCBC
US Dollar (USD) was a touch firmer amid hawkish Fedspeaks,, OCBC's FX analyst Christopher Wong notes.
DollarIndex
Technical Analysis
Banks
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
USD/CAD trades with caution as FOMC minutes take centre stage
USD/CAD trades with caution as FOMC minutes take centre stage
The USD/CAD pair trades subduedly below 1.4200 in Wednesday’s European session.
USDCAD
Fed
BOC
Inflation
TradeWar
NZD: Rallying on unchanged rate projections – ING
NZD: Rallying on unchanged rate projections – ING
The Reserve Bank of New Zealand (RBNZ) cut rates by 50bp to 3.75%, in line with our call and the broader market consensus.
NZDUSD
Technical Analysis
Banks
A Bold New Way to Earn: CoiniGo’s Referral Program Offers Up to $10,000
A Bold New Way to Earn: CoiniGo’s Referral Program Offers Up to $10,000
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By Finance Magnates
A Bold New Way to Earn: CoiniGo’s Referral Program Offers Up to $10,000
Partners can be rewarded for driving the future of digital payments.
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KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
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By Finance Magnates
KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
Polish fintech Conotoxia (Cinkciarz.pl) is flushing back at regulators with an unconventional product launch after losing its payment institution authorization.
Cinkciarz.pl
Conotoxia
KNF
EUR/JPY falls to near 158.50 due to hawkish tone surrounding BoJ’s policy outlook
EUR/JPY falls to near 158.50 due to hawkish tone surrounding BoJ’s policy outlook
EUR/JPY offers its gains from the previous session, trading around 158.50 during the European hours on Wednesday.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
AUD/USD Price Forecast: Sits near two-month high, above mid-0.6300s ahead of FOMC minutes
AUD/USD Price Forecast: Sits near two-month high, above mid-0.6300s ahead of FOMC minutes
The AUD/USD pair regains positive traction following the previous day's modest downtick and sticks to its positive bias through the first half of the European session amid a modest US Dollar (USD) downtick.
AUDUSD
RBA
Fed
Technical Analysis
Currencies
GBP/USD: Unlikely to break clearly above 1.2655 – UOB Group
GBP/USD: Unlikely to break clearly above 1.2655 – UOB Group
Chance for Pound Sterling (GBP) to edge higher vs US Dollar (USD), but it is unlikely to break clearly above 1.2655.
GBPUSD
Technical Analysis
Banks
GBP: Inflation rebound not concerning – ING
GBP: Inflation rebound not concerning – ING
The release of January’s UK inflation data this morning has had little impact on the pound.
EURGBP
GBPUSD
Technical Analysis
UnitedKingdom
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
The NZDUSD pair whipsaws on the RBZN’s 50 bps cut and less dovish Governor Orr’s comments. What’s next?
NZD
USD
EUR: Weakening across the board – ING
EUR: Weakening across the board – ING
The rise in the German ZEW index yesterday was likely due to improved investors' sentiment ahead of expectations for a market-friendly change in government, but does not seem to mirror any real change in sentiment on growth, ING’s FX analysts Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
EUR/USD weakens as US Dollar rises ahead of FOMC minutes
EUR/USD weakens as US Dollar rises ahead of FOMC minutes
EUR/USD declines to near 1.0420 in Wednesday’s early North American session as the US Dollar (USD) extends its upside due to multiple tailwinds.
EURUSD
ECB
Fed
TradeWar
SEO
EUR/USD can dip to 1.0430 before recovering – UOB Group
EUR/USD can dip to 1.0430 before recovering – UOB Group
Euro (EUR) could dip to 1.0430 vs US Dollar (USD) before recovering; the strong support at 1.0415 is unlikely to come under threat.
EURUSD
Technical Analysis
Banks
Silver Price Forecast: XAG/USD seems poised to retest multi-month top, around $33.40 area
Silver Price Forecast: XAG/USD seems poised to retest multi-month top, around $33.40 area
Silver (XAG/USD) attracts some dip-buyers in the vicinity of the $32.00 round figure and turns positive for the third consecutive day on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
NZD/USD holds gains above 0.5700 as US Dollar depreciates ahead of FOMC Minutes
NZD/USD holds gains above 0.5700 as US Dollar depreciates ahead of FOMC Minutes
NZD/USD retraces its recent losses from the previous session, trading near 0.5720 during European hours on Wednesday.
NZDUSD
Macroeconomics
RBNZ
NewZealand
Majors
USDJPY Technical Analysis – Higher Treasury yields limit the JPY gains
USDJPY Technical Analysis – Higher Treasury yields limit the JPY gains
The USDJPY pair continues to pull back with the price now trading near a key resistance zone. What’s next?
JPY
USD
European indices open lightly changed to start the day
European indices open lightly changed to start the day
Not much appetite in broader markets as the session gets underway
Stocks