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China says US tariffs are "groundless", act of bullying
China says US tariffs are "groundless", act of bullying
Remarks by the Chinese commerce ministry
Politics
US Dollar closes week off with a total more than 3% loss
US Dollar closes week off with a total more than 3% loss
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has written a bit of history this week, with at one point a 3.5% devaluation since Monday and trading near 103.80 at the time of writing on
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
There is no change to strong dollar policy - Bessent
There is no change to strong dollar policy - Bessent
Further remarks by US Treasury secretary, Scott Bessent
CPT Markets Secures SCA License: Affirming its Leading Position in the UAE Market
CPT Markets Secures SCA License: Affirming its Leading Position in the UAE Market
News Discussion Forum
By Finance Magnates
CPT Markets Secures SCA License: Affirming its Leading Position in the UAE Market
The SCA license is a solid step forward for CPT Market in the UAE financial space.
Silver Price Forecast: XAG/USD faces pressure near $32.70 with US NFP in focus
Silver Price Forecast: XAG/USD faces pressure near $32.70 with US NFP in focus
Silver price (XAG/USD) faces selling pressure near $32.70 in European trading hours on Friday.
Silver
XAGUSD
Fed
NFP
TradeWar
Why Is Bitcoin Going Down Despite US Digital Asset Stockpile?
Why Is Bitcoin Going Down Despite US Digital Asset Stockpile?
News Discussion Forum
By Finance Magnates
Why Is Bitcoin Going Down Despite US Digital Asset Stockpile?
Despite US President signing an executive order for a Bitcoin Strategic Reserve for seized government assets, Bitcoin's price action remains choppy.
bitcoin
BTC
Bitcoin (BTC)
crypto
Oil nudges up as Russia's Novak says OPEC+ may reverse oil output hike if necessary
Oil nudges up as Russia's Novak says OPEC+ may reverse oil output hike if necessary
Novak casts some doubt on how long the planned oil output hike in April may last
CPT Markets Earns UAE SCA License Following European Expansion with Cyprus Office
CPT Markets Earns UAE SCA License Following European Expansion with Cyprus Office
News Discussion Forum
By Finance Magnates
CPT Markets Earns UAE SCA License Following European Expansion with Cyprus Office
CPT Markets, a CFDs brokerage firm, has obtained the Arrangement and Advice license from the United Arab Emirates' SCA,
CPT Markets
retail FX
retail forex
retail
uae
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.2300 and 7.2600 vs Chinese Yuan (CNH).
USDCNH
Technical Analysis
Banks
USD/CAD: Unemployment rate is expected at 6.7% vs. 6.6% in January – BBH
USD/CAD: Unemployment rate is expected at 6.7% vs. 6.6% in January – BBH
Canada’s February labor force report will help shape rate expectations ahead of next week’s Bank of Canada (BOC) policy setting meeting, BBH FX analysts report.
USDCAD
Technical Analysis
Banks
Canada
BOC
Heads up: The clocks go forward in the US this weekend
Heads up: The clocks go forward in the US this weekend
Daylight savings to hit on 9 March
market overview
USD/JPY: Room to retest the 147.30 low – UOB Group
USD/JPY: Room to retest the 147.30 low – UOB Group
Room for US Dollar (USD) to retest the 147.30 low vs Japanese Yen (USD); the next support at 147.00 is unlikely to come under threat.
USDJPY
Technical Analysis
Banks
USD/CAD Price Forecast: Trades indecisively around 1.4300 ahead of US/Canada Employment data
USD/CAD Price Forecast: Trades indecisively around 1.4300 ahead of US/Canada Employment data
The USD/CAD pair trades in a tight range around 1.4300 in European trading hours on Friday.
USDCAD
NFP
Employment
TradeWar
SupportResistance
EU gas prices go down – Danske Bank
EU gas prices go down – Danske Bank
European natural gas prices have been on decline recently and fell to the lowest level since last October yesterday below EUR40/MWh, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
Gas
Energy
Commodities
Banks
NZD/USD: Set to trade in a range of 0.5710/0.5760 – UOB Group
NZD/USD: Set to trade in a range of 0.5710/0.5760 – UOB Group
Further range trading in New Zealand Dollar (NZD) vs US Dollar (USD) seems likely; probably in a range of 0.5710/0.5760.
NZDUSD
Technical Analysis
Banks
EUR/USD: Potential catalysts can drive additional gains in the pair – Danske Bank
EUR/USD: Potential catalysts can drive additional gains in the pair – Danske Bank
EUR/USD has largely stabilized around the 1.08 mark following this week's rally, driven by the seismic shift in fiscal spending in the euro area, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EURUSD
Technical Analysis
Banks
AUD/USD: Expected to trade in a range between 0.6300 and 0.6350 – UOB Group
AUD/USD: Expected to trade in a range between 0.6300 and 0.6350 – UOB Group
Australian Dollar (AUD) is expected to trade in a range between 0.6300 and 0.6350 vs US Dollar (USD).
AUDUSD
Technical Analysis
Banks
Revolut Joins Forces with Wizz Air Amid Singapore Moves
Revolut Joins Forces with Wizz Air Amid Singapore Moves
News Discussion Forum
By Finance Magnates
Revolut Joins Forces with Wizz Air Amid Singapore Moves
Revolut partners with Wizz Air for easy payments, expands aggressively in Singapore, and CEO Nik Storonsky critiques European startups.
revolut
payments
fintech
Eurozone Q4 final GDP +0.2% vs +0.1% q/q second estimate
Eurozone Q4 final GDP +0.2% vs +0.1% q/q second estimate
Latest data released by Eurostat - 7 March 2025
EUR/USD sees more upside as US employment data misses estimates
EUR/USD sees more upside as US employment data misses estimates
EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of the softer-than-expected United States (US) Nonfarm Payrolls (NFP) data for February.
EURUSD
ECB
Fed
NFP
SEO
USD: The dollar is fragile – ING
USD: The dollar is fragile – ING
This week's events have added to the appeal of FX as an asset class.
DollarIndex
Technical Analysis
Banks
GBP/USD: Outlook for GBP remains positive – UOB Group
GBP/USD: Outlook for GBP remains positive – UOB Group
Strong momentum appears to be slowing; Pound Sterling (GBP) is likely to trade in a 1.2850/1.2925 range vs US Dollar (USD).
GBPUSD
Technical Analysis
Banks
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
USD/CAD: US postpones the imposition of tariffs on Canada – OCBC
The United States has once again postponed the imposition of tariffs on Canada until April 2nd.
USDCAD
Technical Analysis
Banks
CAD: Eyes on jobs data after tariff relief – ING
CAD: Eyes on jobs data after tariff relief – ING
The Canadian dollar rallied yesterday on the US announcement that USMCA-compliant products would be exempt from tariffs until 3 April, ING's FX analyst Chris Turner notes.
USDCAD
Technical Analysis
Banks
Japan's DMM.com Maintains Dominance: Tops Global FX Ranking in 2024
Japan's DMM.com Maintains Dominance: Tops Global FX Ranking in 2024
News Discussion Forum
By Finance Magnates
Japan's DMM.com Maintains Dominance: Tops Global FX Ranking in 2024
The previous year, 2024, was quite successful for the FX/CFD industry. The number of active accounts broke important levels .
dmm
Japan
fx
intelligence
sbi
EUR/USD: Uptrend remains intact – UOB Group
EUR/USD: Uptrend remains intact – UOB Group
The current price movements are likely part of a range trading phase, probably between 1.0740 and 1.0840.
EURUSD
Technical Analysis
Banks
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Major re-rating is underway – ING
EUR: Major re-rating is underway – ING
ING's macro and market team have looked through this week's European events.
EURUSD
Technical Analysis
Banks
China: Exports slowed more than expected in January-February – UOB Group
China: Exports slowed more than expected in January-February – UOB Group
China’s export growth slowed more than expected while import slumped in the first two months of the year as the first 10% of US tariffs kicked in from 4 February, UOB Group's Economist Ho Woei Chen reports.
China
Growth
Banks
Gold holds ground above $2,900 while traders await February's NFP release
Gold holds ground above $2,900 while traders await February's NFP release
Gold’s price (XAU/USD) holds on to gains and consolidates for the third day in a row this week. The rally in Bullion stalls after US President Donald Trump shielded off all goods from Mexico and Canada that fall under the USMCA trade agreement from its freshly baked tariffs that got implemented earlier this week. Meanwhile, US equity markets trade below where they were on President Trump’s inauguration day.
Gold
Commodities
UnitedStates
SEO
TradeWar
The euro train marches on for now
The euro train marches on for now
Is the 1.1000 mark the next big target?
Bitcoin Reserve and Digital Asset Stockpile: President Trump Signs Executive Order
Bitcoin Reserve and Digital Asset Stockpile: President Trump Signs Executive Order
News Discussion Forum
By Finance Magnates
Bitcoin Reserve and Digital Asset Stockpile: President Trump Signs Executive Order
US President Donald Trump yesterday (Thursday) signed an executive order to establish a Bitcoin Strategic Reserve to hold assets seized by the US government.
donald trump
trump
bitcoin
European stocks marked down at the open today
European stocks marked down at the open today
It's been a back and forth week for regional equities
France January trade balance -€6.5 billion vs -€3.9 billion prior
France January trade balance -€6.5 billion vs -€3.9 billion prior
Latest data released by the French MOF - 7 March 2025
NZD/USD Price Forecast: Could retest 0.5700 support near 50-day EMA
NZD/USD Price Forecast: Could retest 0.5700 support near 50-day EMA
The NZD/USD pair loses ground after registering gains in the previous four successive sessions, trading around 0.5720 during European trading hours on Friday.
NZDUSD
Technical Analysis
Majors
Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates
Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates
The Pound Sterling (GBP) refreshes an almost four-month high near 1.2940 against the US Dollar (USD) in the North American trading session on Friday.
GBPUSD
BOE
Fed
NFP
SEO
Forex Today: US Dollar continues to retreat ahead of key employment data
Forex Today: US Dollar continues to retreat ahead of key employment data
Here is what you need to know on Friday, March 7: The US Dollar (USD) Index continues to edge lower on Friday and remains on track to post its largest weekly loss since November 2022.
Majors
Currencies
Macroeconomics
NFP
Commodities
Eurostoxx futures -1.1% in early European trading
Eurostoxx futures -1.1% in early European trading
The heavy declines in Wall Street overnight are weighing
;