This three-part series will bring clarity on the basics and how broker-dealers work.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

The Riksbank has already reduced rates by 150bp since last May, and these cuts are starting to show early signs of success, with high-frequency indicators and the housing market having rebounded quite markedly of late, ING's FX analyst Francesco Pesole notes.

Latest data released by Istat - 29 January 2025

Latest data released by the ECB - 29 January 2025

The spotlight is on the Bank of Canada (BoC) this Wednesday, with widespread expectations that it will lower its policy rate for the sixth meeting in a row.

Two months after launching its “private beta” and gathering over 100,000 traders eager to participate in the “open beta,” the proprietary firm FXIFY has officially launched its futures platform.

UK and France the laggards, Germany and Spain the leaders

Latest data released by INE - 29 January 2025

The Pound Sterling (GBP) gains against its major peers, except safe-haven currencies such as US Dollar and Japanese Yen (JPY) on Wednesday as United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves reiterated Prime Minister Keir Starmer's positive outlook on the economy, saying that the economy is on the brisk of a “turnaround” in a speech in Oxfordshire.

NZD/USD continues to lose ground for the third consecutive day, trading around 0.5660 during the European hours on Wednesday.

Following his video conference with new US Treasury Secretary Scott Bessent on Wednesday, Japan’s Finance Minister Katsunobu Kato declined to say whether tariff was discussed.

Trump's federal aid freeze sparks widespread confusion over affected programs as the Doomsday Clock advances, highlighting global uncertainties.

Windsor Brokers announced yesterday (Tuesday) the implementation of an interest-bearing program that offers up to 2% annual interest on trading account balances, expanding its existing loyalty program offerings.

Here is what you need to know on Wednesday, January 29: The US Dollar (USD) struggles to build on Tuesday's gains as investors move to the sidelines ahead of the Federal Reserve's (Fed) highly-anticipated monetary policy announcements.

Bitwise, a crypto index fund manager, has filed an S-1 document with the Securities and Exchange Commission (SEC) seeking approval to launch an exchange-traded fund (ETF) tied to the price of Dogec...

The USD/CHF pair loses ground to near 0.9035 on Wednesday during the early European trading hours.

Latest data released by GfK - 29 January 2025

Latest data released by GfK - 29 January 2025

Reuters with the report

Reuters with the report

The Financial Times with the scoop

Focus on the BoC and FOMC decisions

Latest data released by the Japan Cabinet Office - 29 January 2025

Forex news for Asian trading on Wednesday, January 29, 2025

The Silver price (XAG/USD) trades with mild gains around $30.40 during the Asian trading hours on Wednesday.

EUR/USD halts its two-day losing streak, trading around 1.0440 during the Asian hours on Wednesday.

FYNXT IB Manager: Incentives That Motivate. Security That Reassures. Automation That Scales

After February it'll be only a gradual glide path lower

FX option expiries for Jan 29 NY cut at 10:00 Eastern Time via DTCC can be found below.

A look at what is on the board for today

See inflation pressure easing in the medium term

GBP/USD remains steady after registering losses in the previous session, trading around 1.2440 during the Asian hours on Wednesday.

The ECB policy decision is due on Thursday, January 30, 2025

WPAC say RBA to cut by 25bp on February 18

Australian Treasurer Jim Chalmers said on Wednesday, “the worst of the inflation challenge is well and truly behind us.” He noted further that “the soft landing we have been planning and preparing for is looking more and more likely.” Market reaction AUD/USD was last seen trading at 0.6229, down 0.30% on the day.

Chalmers would like an RBA rate cut

The Australian Dollar (AUD) extends its losses for the third consecutive day against the US Dollar (USD), driven by lower-than-expected Consumer Price Index (CPI) data from Australia released on Wednesday.

But .... government subsidies played a role in CPI moderation, while labour market strength may delay easing.

The data significantly boosts the prospect of a February rate cut from the Reserve Bank of Australia