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GBP/JPY extends losses below 195.00 following soft UK GDP data
GBP/JPY extends losses below 195.00 following soft UK GDP data
The Pound accelerates its reversal against the Japanese Yen and is nearing the bottom of the last week's trading range, at 194.70 hammered by downbeat UK monthly GDP and manufacturing production figures.Higher taxes and Trump’s tariff turmoil hit the UK economy in April, and the GDP shrank at a 0.3
GBPJPY
Currencies
GDP
USD/CHF Price Forecast: Trades below 0.8200 after retreating from nine-day EMA barrier
USD/CHF Price Forecast: Trades below 0.8200 after retreating from nine-day EMA barrier
The USD/CHF pair continues to lose ground for the second consecutive day, trading around 0.8170 during the European hours on Thursday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern, indicated by the daily chart’s technical analysis.
USDCHF
Majors
Technical Analysis
Switzerland
IC Markets Customers Can Now Copy Trade from the Client Area
IC Markets Customers Can Now Copy Trade from the Client Area
News Discussion Forum
By Finance Magnates
IC Markets Customers Can Now Copy Trade from the Client Area
IC Markets, an Australia-headquartered forex and contracts for differences (CFDs) broker, has simplified access to its copy trading service for clients by integrating the cTrader Copy widget into i...
IC Markets Global
ctrader
Copy Trade
ic-markets
IC Markets
ECB's Simkus: The ECB has arrived at neutral level of rates
ECB's Simkus: The ECB has arrived at neutral level of rates
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.”
InterestRate
ECB
CentralBanks
EURUSD
ECB’s Villeroy: No fixed position on future rate decisions
ECB’s Villeroy: No fixed position on future rate decisions
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that there is no fixed position on future rate decisions.”
ECB
CentralBanks
InterestRate
EURUSD
US embassy in Baghdad advises US citizens not to travel to Iraq
US embassy in Baghdad advises US citizens not to travel to Iraq
A travel advisory level 4 has been announced
Politics
India's New "Thumbs Up" System Helps Traders Distinguish Unregulated from Real Brokers
India's New "Thumbs Up" System Helps Traders Distinguish Unregulated from Real Brokers
News Discussion Forum
By Finance Magnates
India's New "Thumbs Up" System Helps Traders Distinguish Unregulated from Real Brokers
India's securities regulator rolled out a new payment verification system this week designed to help retail investors distinguish between legitimate brokers and unauthorized entities operating in t...
SEBI
india
CFD
Pound Sterling advances against US Dollar amid uncertainty over Trump's tariff policy
Pound Sterling advances against US Dollar amid uncertainty over Trump's tariff policy
The Pound Sterling (GBP) jumps to near 1.3600 against the US Dollar during European trading hours on Thursday. The GBP/USD pair trades firmly as the US Dollar underperforms its peers due to uncertainty surrounding the tariff policy.
GBPUSD
GDP
UnitedStates
BOE
SEO
ECB's Villeroy: No fixed position on future rate decisions
ECB's Villeroy: No fixed position on future rate decisions
Comments from the ECB policymaker to Fanceinfo radio
EUR/USD hits long-term highs above 1.1600, boosted by a weak Dollar
EUR/USD hits long-term highs above 1.1600, boosted by a weak Dollar
The EUR/USD keeps rallying further on Thursday, testing levels above 1.1600 for the first time since late 2021.
EURUSD
Currencies
SEO
Fed
WTI Oil price falls to near $66.50, downside seems limited due to escalating Middle East tensions
WTI Oil price falls to near $66.50, downside seems limited due to escalating Middle East tensions
West Texas Intermediate (WTI) Oil price pulled back from a two-month high of $67.82, currently trading around $66.50 per barrel during the early European hours on Thursday.
Oil
Commodities
WTI
Macroeconomics
Majors
Gold Technical Analysis – Safe haven flows boost the precious metal
Gold Technical Analysis – Safe haven flows boost the precious metal
Gold remains mostly rangebound but with a bullish tilt amid positive big picture fundamentals
European stocks face some struggle at the open today
European stocks face some struggle at the open today
A softer mood to kick start the session
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, tumbles to the lowest level in seven weeks near 98.35 due to rising expectations of Federal Reserve (Fed) rate cuts this year and persistent uncertainty over tariff battles.
DollarIndex
Technical Analysis
Majors
UnitedStates
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Here is what you need to know on Thursday, June 12:
Inflation
DollarIndex
Currencies
Fed
MiddleEast
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
News Discussion Forum
By Finance Magnates
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
Australia's financial regulator has banned a former financial adviser for 10 years after she funneled at least $14.8 million of client money into a cryptocurrency scam while telling investors their...
Asic
scams
crypto scam
What are the main events for today?
What are the main events for today?
The highlights include the US PPI and the US Jobless Claims data
market overview
China’s Foreign Minister says government will always honour its commitments
China’s Foreign Minister says government will always honour its commitments
Chinese Foreign Minister Wang Yi said on Thursday that the government will always honour its commitments, adding that he hopes the US can work with China to implement what was agreed between the two presidents.
China
Macroeconomics
UnitedStates
TradeWar
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
News Discussion Forum
By Finance Magnates
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
Two trading technology companies have joined forces to offer brokers and traders more tailored market analysis tools. Acuity Trading, which provides sentiment-driven analytics, has partnered with A...
acuity
Acuity Trading
China will always honour its commitments, says foreign ministry
China will always honour its commitments, says foreign ministry
The comments relate to Trump's message that a deal with China is "done"
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
The EUR/GBP cross gains momentum to around 0.8495 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK growth numbers.
EURGBP
Crosses
Macroeconomics
GDP
UnitedKingdom
Eurostoxx futures -0.8% in early European trading
Eurostoxx futures -0.8% in early European trading
A more cautious mood after the slight retreat yesterday
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.53 per barrel, down from Wednesday’s close at $67.20.
Oil
WTI
Commodities
UK GDP falls 0.3% MoM in April vs. -0.1% expected
UK GDP falls 0.3% MoM in April vs. -0.1% expected
The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
GDP
UnitedKingdom
EconomicIndicator
GBPUSD
IndustrialProduction
UK April monthly GDP -0.3% vs -0.1% m/m expected
UK April monthly GDP -0.3% vs -0.1% m/m expected
Latest data released by ONS - 12 June 2025
China response awaited after Trump lauds "done deal"
China response awaited after Trump lauds "done deal"
A lot of hoo-ha for what essentially looks to be an exchange of small gestures
market overview
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
The NZD/USD claws back its initial losses and rises to near 0.6040 during early European trading hours on Thursday. The Kiwi pair attracts bids as the US Dollar (USD) declines as uncertainty surrounding the outlook of the United States' (US) tariff policy has escalated.
NZDUSD
China
UnitedStates
DollarIndex
NewZealand
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3660 during the Asian hours on Thursday.
USDCAD
Majors
Technical Analysis
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
The GBP/JPY cross struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Thursday, though it lacks follow-through.
GBPJPY
TradeWar
BOE
Technical Analysis
Currencies
Oil jump eases a little as traders deliberate Middle East tensions
Oil jump eases a little as traders deliberate Middle East tensions
The latest chatter is that the US and Iran will be meeting this weekend
AUD/JPY declines to near 93.50 amid geopolitical risks
AUD/JPY declines to near 93.50 amid geopolitical risks
The AUD/JPY cross trades in negative territory for the second consecutive day around 93.55 during the early European trading hours on Thursday. Rising geopolitical tensions in the Middle East boost the safe-haven flows, supporting the Japanese Yen (JPY).
AUDJPY
Macroeconomics
Crosses
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
The USD/CNH pair gives back all gains made on Wednesday and slides to near 7.18 during Asian trading hours on Thursday.
USDCNH
UnitedStates
China
DollarIndex
PPI
Gold price flat lines below one-week high; bullish potential seems intact as traders await US data
Gold price flat lines below one-week high; bullish potential seems intact as traders await US data
Gold price (XAU/USD) reverses an early European session slide to the $3,338 area and is currently placed in neutral territory, just below a one-week high touched this Wednesday.
Gold
Commodities
TradeWar
Fed
SEO
Bullish
FX option expiries for Jun 12 NY cut
FX option expiries for Jun 12 NY cut
FX option expiries for Jun 12 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
News Discussion Forum
By Finance Magnates
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
The Australian financial market regulator has issued warning notices against 18 social media ‘finfluencers’ who were suspected of unlawfully promoting high-risk financial products, like contracts f...
Asic
finfluencer
FX option expiries for 12 June 10am New York cut
FX option expiries for 12 June 10am New York cut
A look at what is on the board for today
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 Thursday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
USD/INR retreats as US Dollar refreshes three-year low, India's CPI rose moderately
USD/INR retreats as US Dollar refreshes three-year low, India's CPI rose moderately
The Indian Rupee (INR) recovers most of its early losses against the US Dollar (USD) during European trading hours on Thursday as the latter underperforms across the board.
India
USDINR
Inflation
UnitedStates
SEO