Current news is English only but we will be adding multilingual news - check back soon.
TriumphFX Scammed Malaysians: 72 Locals Lost $5.3 Million
TriumphFX Scammed Malaysians: 72 Locals Lost $5.3 Million
News Discussion Forum
By Finance Magnates
TriumphFX Scammed Malaysians: 72 Locals Lost $5.3 Million
The authorities in Malaysia have received 72 complaints from alleged victims of TriumphFX, which, according to locals, is a fraudulent offshore forex broker.
malaysia
cfds
forex
TriumphFX
FX option expiries for Feb 27 NY cut
FX option expiries for Feb 27 NY cut
FX option expiries for Feb 27 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
tradeCompass for RTY (Russell 2000)
tradeCompass for RTY (Russell 2000)
Trade Plan: Short Setup on Russell 2000 with Staggered Scaling. At your own risk only.
Russell 2000 Technical Analysis
TradeCompass
USD/CHF attracts some buyers above 0.8950 as traders await US Q4 GDP release
USD/CHF attracts some buyers above 0.8950 as traders await US Q4 GDP release
The USD/CHF pair trades in positive territory for the second consecutive day around 0.8970 during the early European session on Thursday.
USDCHF
Majors
Macroeconomics
AUD/JPY drops to its lowest level since September, further below 94.00 mark
AUD/JPY drops to its lowest level since September, further below 94.00 mark
The AUD/JPY cross attracts fresh sellers following an Asian session uptick to the 94.20 area and turns lower for the third straight day on Thursday.
AUDJPY
BOJ
TradeWar
Inflation
Currencies
EUR/GBP falls to near 0.8250 as Trump threatens 25% tariffs on the European Union
EUR/GBP falls to near 0.8250 as Trump threatens 25% tariffs on the European Union
EUR/GBP extends its losses for the second consecutive day, trading around 0.8270 during Asian hours on Thursday.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
Japan's new births fell again in 2024 for a ninth straight year
Japan's new births fell again in 2024 for a ninth straight year
The number of births of Japanese children hit a record low of 720,988 in 2024
EUR/USD drifts lower to near 1.0450 on Trump’s tariff threats
EUR/USD drifts lower to near 1.0450 on Trump’s tariff threats
The EUR/USD pair loses ground to around 1.0465 during the Asian trading hours on Thursday.
EURUSD
Majors
Macroeconomics
Gold price divest to two-week low, around $2,880 area amid modest USD strength
Gold price divest to two-week low, around $2,880 area amid modest USD strength
Gold price (XAU/USD) attracts fresh sellers during the Asian session on Thursday, though it manages to hold above the $2,900 round-figure mark.
Gold
Commodities
TradeWar
Fed
SEO
Reminder - China steps up scrutiny of capital flows as pressure on yuan maintains
Reminder - China steps up scrutiny of capital flows as pressure on yuan maintains
"Weak domestic demand and low interest rates present major structural headwinds for the yuan,"
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
USD/CAD Price Forecast: Rises above 1.4350 amid strengthening bullish bias
USD/CAD Price Forecast: Rises above 1.4350 amid strengthening bullish bias
The USD/CAD pair continues its winning streak for the fifth successive day, trading around 1.4360 during the Asian hours on Thursday.
USDCAD
Technical Analysis
Majors
Bullish
PBOC’s Lu: Central bank must issue special treasury bonds to help major state-owned banks
PBOC’s Lu: Central bank must issue special treasury bonds to help major state-owned banks
The People's Bank of China (PBOC) Deputy Governor Lu Lei suggested on Thursday that the Bank should actively facilitate fundraising, including the issuance of special treasury bonds, to help major state-owned banks replenish their Common Equity Tier 1 (CET1) capital.
PBOC
CentralBanks
AUDUSD
ForexLive Asia-Pacific FX news wrap: A solid up day … if you’re the US dollar
ForexLive Asia-Pacific FX news wrap: A solid up day … if you’re the US dollar
Forex news for Asian trading on Wednesday, February 26, 2025
Session wrap
Wrap Asia
GBP/USD holds losses near 1.2650 as risk aversion intensifies, US Treasury yields climb
GBP/USD holds losses near 1.2650 as risk aversion intensifies, US Treasury yields climb
GBP/USD depreciates after two consecutive sessions of gains, trading around 1.2660 during Asian hours on Thursday.
GBPUSD
Majors
Macroeconomics
UnitedKingdom
BOE
Silver Price Forecast: XAG/USD seems vulnerable below $32.00; 100-day SMA holds the key
Silver Price Forecast: XAG/USD seems vulnerable below $32.00; 100-day SMA holds the key
Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and oscillates in a narrow trading band, below the $32.00 round-figure mark during the Asian session on Thursday.
Silver
Commodities
Technical Analysis
XAGUSD
USD/INR declines on heavy RBI intervention
USD/INR declines on heavy RBI intervention
The Indian Rupee (INR) holds steady on Thursday. The local currency remains on the defensive due to month-end US Dollar (USD) demand by importers.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
WTI hovers around $68.50 near two-month lows amid prospects of increased supply
WTI hovers around $68.50 near two-month lows amid prospects of increased supply
West Texas Intermediate (WTI) oil price remains near a two-month low at $68.29 recorded on February 26, hovering around $68.70 per barrel during Asian trading hours on Thursday.
Oil
WTI
TradeWar
Macroeconomics
Commodities
Japanese Yen remains on the back foot against mildly positive US Dollar
Japanese Yen remains on the back foot against mildly positive US Dollar
The Japanese Yen (JPY) is ticking lower against its American counterpart during the Asian session on Thursday, though it remains close to the highest level since October 2024 touched earlier this week.
USDJPY
BOJ
TradeWar
Fed
SEO
US Commerce Secretary Howard Lutnick: April 2 is baseline reciprocal tariff data
US Commerce Secretary Howard Lutnick: April 2 is baseline reciprocal tariff data
US Commerce Secretary Howard Lutnick said late Wednesday that April 3 is baseline reciprocal tariff data.
UnitedStates
TradeWar
Macroeconomics
Heads up for Trumpspeak times on Thursday: 9am and 2pm
Heads up for Trumpspeak times on Thursday: 9am and 2pm
Send stocks into a further spiral? We'll see.
RBA’s Hauser: Tightness in Australia’s labor market is a challenge to inflation
RBA’s Hauser: Tightness in Australia’s labor market is a challenge to inflation
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser commented on the outlook on inflation and employment in his speech earlier on Thursday in the Asian session.
RBA
CentralBanks
AUDUSD
InterestRate
Trafigura says US policy is the biggest upside risk for oil prices
Trafigura says US policy is the biggest upside risk for oil prices
Trafigura Group is a Singaporean-based commodities traader.
Australian Dollar continues its decline as US Dollar remains strong amid risk-off mood
Australian Dollar continues its decline as US Dollar remains strong amid risk-off mood
The Australian Dollar (AUD) loses ground against the US Dollar (USD) for the fifth consecutive day on Thursday.
AUDUSD
SEO
Majors
Macroeconomics
Australia
NZD/USD remains on the defensive below 0.5700 as traders await US GDP release
NZD/USD remains on the defensive below 0.5700 as traders await US GDP release
The NZD/USD pair remains on the defensive around 0.5695 during the early Asian session on Thursday.
NZDUSD
Majors
Macroeconomics
Foreign investors remain confident in China’s market, AmCham South China reports
Foreign investors remain confident in China’s market, AmCham South China reports
American Chamber of Commerce in South China (AmCham South China) has released its 2025 Special Report on the State of Business in South China
China Stock Market
China
PBOC sets USD/CNY reference rate at 7.1740 vs. 7.1732 previous
PBOC sets USD/CNY reference rate at 7.1740 vs. 7.1732 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1740 as compared to the previous day's fix of 7.1732 and 7.2561 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
Gold Price Forecast: XAU/USD holds positive ground above $2,900 amid renewed US tariff threats
Gold Price Forecast: XAU/USD holds positive ground above $2,900 amid renewed US tariff threats
Gold price (XAU/USD) trades with mild gains around $2,920 during the early Asian session on Thursday.
Gold
XAUUSD
Commodities
Macroeconomics
California could raise fast-food minimum wage further
California could raise fast-food minimum wage further
$20.70 an hour flagged - but this is months away
EUR/USD pulls back as tariff threats weigh
EUR/USD pulls back as tariff threats weigh
EUR/USD pulled back on Wednesday, shedding around one-quarter of one percent after US President Donald Trump insisted that tariffs are coming for the European Union too, not just Canada and Mexico.
EURUSD
Inflation
TradeWar
Fed's Bostic: Rates need to remain in restrictive territory
Fed's Bostic: Rates need to remain in restrictive territory
Federal Reserve Bank of Atlanta President Raphael Bostic said late Wednesday that the Fed should hold interest rates where they are, at a level that continues to put downward pressure on inflation, per Bloomberg.
Fed
CentralBanks
UnitedStates
Macroeconomics
Citi predicts that the U.S. will implement a 25% tariff on copper imports by Q4 2025
Citi predicts that the U.S. will implement a 25% tariff on copper imports by Q4 2025
Following an executive order by Trump to investigate copper trade.