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Europe Busts EUR 700 Million Crypto Fraud Network that Used Deep Fake Ads
Europe Busts EUR 700 Million Crypto Fraud Network that Used Deep Fake Ads
The European authorities have taken down a cryptocurrency fraud and money laundering network that is believed to have laundered over 700 million euros.
Europol
crypto scam
From Humble Beginnings to Global Vision — The Story of Wei Sheng, Founder of Traderpreneur Xcellence
From Humble Beginnings to Global Vision — The Story of Wei Sheng, Founder of Traderpreneur Xcellence
When most people at his age were chasing early career milestones, Wei Sheng was fighting to climb out of a USD 100,000 (RM400,000) debt — a debt that almost broke him, but ultimately became the fou...
Traderpreneur Xcellence
FX option expiries for 5 December 10am New York cut
FX option expiries for 5 December 10am New York cut
A look at what is on the board for today
Options
Forex
Forex Today: US Dollar loses recovery momentum before next batch of data
Forex Today: US Dollar loses recovery momentum before next batch of data
Here is what you need to know on Friday, December 5:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Momentum
AUD/USD Price Forecast: Revisits two-month high near 0.6620
AUD/USD Price Forecast: Revisits two-month high near 0.6620
The AUD/USD pair extends its winning streak for the eleventh trading day on Friday, rising to near 0.6620 during the early European trading session.
AUDUSD
Fed
RBA
InterestRate
SupportResistance
USD/CHF declines below 0.8050 amid Fed rate cut expectations, US PCE inflation data eyed
USD/CHF declines below 0.8050 amid Fed rate cut expectations, US PCE inflation data eyed
The USD/CHF pair loses momentum to around 0.8030 during the early European session on Friday.
Majors
USDCHF
Macroeconomics
The risk mood keeps steadier and more boxed in going into the final stretch of the week
The risk mood keeps steadier and more boxed in going into the final stretch of the week
US futures are slightly higher after the steadier showing overnight in Wall Street
market overview
USD/INR rises as RBI reduces Repo Rate by 25 bps to 5.25%, as expected
USD/INR rises as RBI reduces Repo Rate by 25 bps to 5.25%, as expected
The Indian Rupee (INR) drops against the US Dollar (USD) on Friday, with the USD/INR pair edging higher to near 90.10, as the Reserve Bank of India (RBI) announces a dovish monetary policy.
USDINR
India
Fed
InterestRate
SEO
EUR/USD undervalued with Fed meeting on the horizon - Credit Agricole
EUR/USD undervalued with Fed meeting on the horizon - Credit Agricole
The firm sees scope for the euro to gain further against the dollar this month
EUR
Forex
USD
US Dollar Index (DXY) remains close to multi-week low, around 99.00 ahead of US PCE data
US Dollar Index (DXY) remains close to multi-week low, around 99.00 ahead of US PCE data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the overnight bounce from its lowest level since late October and trades with a mild negative bias during the Asian session on Friday.
DollarIndex
Fed
InterestRate
Inflation
Currencies
FXCM Australia Offered CFDs to "Medium Risk Appetite” Investors: Faces Stop Order
FXCM Australia Offered CFDs to "Medium Risk Appetite” Investors: Faces Stop Order
The Australian financial market regulator has issued an interim stop order against the operator of contracts for difference (CFD) broker FXCM for offering the risky instruments to “investors with a...
EUR/JPY softens to near 180.50 as BoJ rate hike speculation bolsters Japanese Yen
EUR/JPY softens to near 180.50 as BoJ rate hike speculation bolsters Japanese Yen
The EUR/JPY cross trades on a softer note around 180.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid growing speculation that the Bank of Japan (BoJ) will raise interest rates when it meets in December.
EURJPY
Crosses
Macroeconomics
BOJ
Recap - RBI cuts repo rate to 5.25% and leaves door open to further easing
Recap - RBI cuts repo rate to 5.25% and leaves door open to further easing
The rate cut reinforces a dovish RBI stance, likely pressuring short-end yields and keeping INR biased weaker unless supported by flows. The possibility of another 25bp reduction anchors expectations for a near-term easing peak around 5%, with liquidity measures providing additional support for credit conditions.
Indian Stock Market
investingLive Asia-Pacific FX news wrap: Prospect of a BoJ Dec 19 rate hike firms further
investingLive Asia-Pacific FX news wrap: Prospect of a BoJ Dec 19 rate hike firms further
Financial market news for Asian trading on Friday, December 5, 2025
Session wrap
Wrap Asia
Gold edges higher amid dovish Fed expectations; traders await US PCE inflation data
Gold edges higher amid dovish Fed expectations; traders await US PCE inflation data
Gold (XAU/USD) attracts some buyers heading into the European session on Friday, though it lacks bullish conviction and remains confined in the weekly trading range.
Gold
Commodities
Inflation
Fed
SEO
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Gold
Metals
Commodities
India
Reserve Bank of India rate cut by 25bp
Reserve Bank of India rate cut by 25bp
The cut was expected, but not unanimously due to recent better data.
Indian Stock Market
BOJ likely to hike in December, Bloomberg says; yen jumps on report
BOJ likely to hike in December, Bloomberg says; yen jumps on report
The report boosts market conviction that the BOJ will resume tightening at the December meeting. Yen strength and softer JGB futures reflect expectations that the BOJ may pivot more decisively toward normalisation, though policymakers will watch data closely before confirming the move.
PBOC reins in yuan strength, signalling comfort with current level before key policy event
PBOC reins in yuan strength, signalling comfort with current level before key policy event
The PBOC’s shift toward a neutral fixing bias implies limited yuan upside in the near term, with authorities seeking to balance investor confidence against export competitiveness. A stable yuan into year-end reduces FX volatility risk but may cap appreciation trades unless macro conditions shift meaningfully.
CNY
CNH
pboc
Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.
Silver
XAGUSD
Fed
InterestRate
Employment
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.
Majors
Technical Analysis
GBPUSD
USD/INR eases from record highs as markets await RBI decision and guidance
USD/INR eases from record highs as markets await RBI decision and guidance
A rate cut or dovish liquidity signals could weaken the rupee and push USD/INR back through 90. Softer yields show bond markets leaning dovish, though growth data complicates the case for immediate easing.
Bonds
Indian Stock Market
USD/CAD trades flat near 1.3950 ahead of Canada’s employment data
USD/CAD trades flat near 1.3950 ahead of Canada’s employment data
The USD/CAD pair trades in a tight range around 1.3950 during the Asian trading session on Friday. The Loonie pair wobbles inside Thursday’s trading range as investors await the Canadian labour market data for November, which will be published at 13:30 GMT.
USDCAD
BOC
Fed
Employment
Inflation
Japan’s PM Takaichi shifts tone to calm markets as rising yields test fiscal credibility
Japan’s PM Takaichi shifts tone to calm markets as rising yields test fiscal credibility
Takaichi seeks to calm markets as rising yields and a weak yen challenge Japan’s fiscal and monetary credibility. Or, does it?
Bonds
JPY
Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power
Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power
Binance has named co-founder Yi He as co-chief executive, creating a dual leadership with Richard Teng, the regulator-turned-CEO. The appointment shows that Binance is changing how it distributes a...
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.
EURUSD
Fed
Inflation
ECB
Currencies
Japanese Yen stands firm near three-week high vs USD amid divergent BoJ-Fed expectations
Japanese Yen stands firm near three-week high vs USD amid divergent BoJ-Fed expectations
The Japanese Yen (JPY) continues with its relative outperformance against a broadly weaker US Dollar (USD) through the Asian session on Friday and climbs back closer to a nearly three-week high, touched the previous day.
USDJPY
ConsumerSpending
BOJ
Fed
SEO
WTI holds below $60.00, Fed rate cut bets cushion losses
WTI holds below $60.00, Fed rate cut bets cushion losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.
Oil
WTI
Commodities
Macroeconomics
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.
RBA
CentralBanks
InterestRate
AUDUSD
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
The sharp miss underscores fragile consumer demand and may temper expectations for sustained BOJ tightening. While a December hike remains the base case, markets may pare back longer-term rate forecasts, supporting JGBs and weighing slightly on yen optimism.
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
The RBI’s tolerance for a weaker rupee signals reduced intervention risk and greater FX flexibility, but rising outflows and oil-driven import costs keep depreciation pressures alive. Equity inflows may stay cautious until external balances stabilise or clarity emerges on India-US trade and index-inclusion prospects. Softer US yields could provide limited relief.
Indian Stock Market
USD
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
The NZD/USD pair edges lower to around 0.5765 during the early Asian trading hours on Friday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside for the pair might be limited amid rising bets for a rate cut by the Federal Reserve (Fed) next week.
Majors
Macroeconomics
NZDUSD
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
AUDUSD
Inflation
Fed
RBA
Currencies
Japan’s Katayama says will closely monitor market developments
Japan’s Katayama says will closely monitor market developments
Japan’s Finance Minister Satsuki Katayama said on Friday that interest rates are shaped by “various factors” and reiterated that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with fiscal sustainability in mind.
Japan
Macroeconomics
BOJ
CentralBanks
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
The comments reinforce a steady policy backdrop ahead of a potential BOJ rate shift. Affirming BOJ autonomy reduces fears of political pressure, while the focus on fiscal sustainability helps anchor JGB markets, though vigilance toward yields and yen volatility remains key.
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
The People's Bank of China is slowing the appreciation of CNY
CNY
CNH
pboc
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
A unanimous hold signal reinforces stability in short-end pricing, but the shift toward a long pause — and rising chatter about possible hikes — may lend support to AUD and keep front-end yields firm. Markets will watch the December statement closely for any tightening bias as inflation pressures remain elevated.
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
XAUUSD
Gold
Commodities
Macroeconomics
Broker Rebates