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Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
News Discussion Forum
By Finance Magnates
Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License
Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of AML laws.
MiCA
OKX Bybit
malta
complaince
NASDAQ index trades down as much as 21.2% from it's all time high
NASDAQ index trades down as much as 21.2% from it's all time high
S&P index trades down -15.25% from it's all time high
USDJPY caught between key support and resistance as directional bias narrows
USDJPY caught between key support and resistance as directional bias narrows
Sellers lean on 146.534 while buyers defend 144.40–144.52; a breakout from the range will set the next directional move
JPY
USD
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
News Discussion Forum
By Finance Magnates
Octa Recognised as the Most Innovative Broker 2025 by FXDailyInfo
Octa broker introduced new cutting-edge features to its trading platform, OctaTrader.
USDCHF remains under pressure near 2024 consolidation lows
USDCHF remains under pressure near 2024 consolidation lows
USDCHF pair remains bearish below 0.8557; key support levels in focus as sellers stay in control
CHF
USD
USD recovers but sentiment remains weak – Scotiabank
USD recovers but sentiment remains weak – Scotiabank
The impact of this week’s US tariff announcement continues to reverberate around global markets. Stocks continue to weaken, havens – bonds – remain strongly bid.
Technical Analysis
Banks
DollarIndex
S&P 500 futures down 2.4%
S&P 500 futures down 2.4%
US stock futures down 2.4%
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
USDCAD stalls at key resistance after diverging jobs data from Canada and U.S.
Weaker Canadian employment and stronger U.S. jobs lift USDCAD, but key technical barriers at 1.42386 and above stand in the way of further gains.
Canada Unemployment Rate edged higher to 6.7% in March
Canada Unemployment Rate edged higher to 6.7% in March
The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.
Canada
Employment
EconomicIndicator
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
AUD/USD nosedives to near 0.6050 as RBA dovish bets swell dramatically
The AUD/USD pair tanks more than 3.5% below 0.6100 during early North American trading hours on Friday.
NFP
RBA
China
TradeWar
AUDUSD
A technical look at the EURUSD, USDJPY and GBPUSD ahead of the US jobs report
A technical look at the EURUSD, USDJPY and GBPUSD ahead of the US jobs report
Stocks slide again after worst day since 2020. Yields fall another 13 to 22 basis points. China retaliates
Silver price under massive pressure – Commerzbank
Silver price under massive pressure – Commerzbank
The Silver price even slumped by more than 6% at times yesterday and slipped further today to USD 31.2 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver
Commodities
Banks
XAGUSD
Gold price initially rises to record high and then falls sharply – Commerzbank
Gold price initially rises to record high and then falls sharply – Commerzbank
The Gold price initially rose to a new record high of $3,168 per troy ounce in response to US President Trump's tariff announcements, but then fell back significantly, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Commodities
Banks
ForexLive European FX news wrap: China counter-tariffs amplify market rout
ForexLive European FX news wrap: China counter-tariffs amplify market rout
Forex news from the European morning session on Apr 4, 2025
Session wrap
Wrap Europe
USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected – UOB Group
USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected – UOB Group
Scope for US Dollar (USD) to weaken to 7.2430 before stabilisation can be expected vs Chinese Yuan (CNH); it is unclear if 7.2150 will come into view.
Technical Analysis
USDCNH
Banks
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
News Discussion Forum
By Finance Magnates
XRP Price Declines Despite Coinbase Filing with CFTC to Launch XRP Futures Contracts
Crypto exchange Coinbase filed with the Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token yesterday.
coinbase
ripple. xrp
Ripple
CFTC
crypto
China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10
China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10
China's Finance Ministry announced on Friday that they will impose additional tariffs of 34% on all US imports from April 10 in response to US President Donald Trump's latest tariff announcements, per Reuters.
China
TradeWar
Politics
Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale
Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale
Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale's FX analysts report.
Oil
Energy
Brent
Banks
USD/JPY: Below 145.00, further decline is likely – UOB Group
USD/JPY: Below 145.00, further decline is likely – UOB Group
US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
EUR/GBP: Above 0.8510/0.8530, a larger upside is likely – Societe Generale
EUR/GBP: Above 0.8510/0.8530, a larger upside is likely – Societe Generale
EUR/GBP has crossed above the 200-DMA resulting in a steep up move, Societe Generale's FX analysts report.
Technical Analysis
EURGBP
Banks
Risk-off flows intensify ahead of US trading
Risk-off flows intensify ahead of US trading
It's carnage out there but can you imagine if we get a bad set of numbers from the US jobs report to add to it?
market overview
NZD/USD must close above 0.5850 for further sustained rise – UOB Group
NZD/USD must close above 0.5850 for further sustained rise – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5720 and 0.5850 vs US Dollar (USD). In the longer run, for further sustained rise, NZD must close above 0.5850, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD hit the hardest amid the risk-off flows
AUD hit the hardest amid the risk-off flows
The Australian Dollar is down 2.9% against the US Dollar, 3.4% against the Japanese Yen and 3.8% against the CHF as China's retaliation news weighed on the AUD the most
Copper slumps as tariffs threaten global growth outlook – ING
Copper slumps as tariffs threaten global growth outlook – ING
Copper and other industrial metals slumped on Thursday amid concerns about how Trump’s latest tariffs threaten the global growth outlook, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Metals
Gold
Copper
Banks
US Dollar falls flat after China retaliates
US Dollar falls flat after China retaliates
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, sees an earlier attempt to recover fail, trading at 101.90 at the time of writing on Friday.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
AUD/USD: Above 0.6410, further advances can be expected – UOB Group
AUD/USD: Above 0.6410, further advances can be expected – UOB Group
Instead of continuing to rise, AUD is more likely to trade in a 0.6260/0.6360 range. In the longer run, AUD must break and hold above the significant resistance at 0.6410 before further advances can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
Traders are now pricing more than 50% chance of a fifth cut by year-end
Traders are now pricing more than 50% chance of a fifth cut by year-end
After China's news, traders increased the rate cuts expectations to 116 bps by year end
market overview
S&P 500 breaks below a key level following China's retaliation. August low in sight.
S&P 500 breaks below a key level following China's retaliation. August low in sight.
China decided to retaliate with additional 34% tariffs on all US goods starting on April 10
S&P Futures
USD/CAD Price Forecast: Bounces back from 200-day EMA
USD/CAD Price Forecast: Bounces back from 200-day EMA
The USD/CAD pair rebounds to near 1.4160 during European trading hours on Friday from an almost four-month low of 1.4026 posted on Thursday.
TradeWar
Fed
USDCAD
Employment
DollarIndex
Gold picks itself back up as the trade war rhetoric escalates
Gold picks itself back up as the trade war rhetoric escalates
Gold has pared all losses on the day after being down by 1% earlier
A bloodbath in the equities space as China response sparks intense selling
A bloodbath in the equities space as China response sparks intense selling
China's response is not only negative for the US but it is also impacting the global outlook
market overview
Bybit Teams Up with Zodia Custody for Off-Venue Settlement Following $1.4 Billion Breach
Bybit Teams Up with Zodia Custody for Off-Venue Settlement Following $1.4 Billion Breach
News Discussion Forum
By Finance Magnates
Bybit Teams Up with Zodia Custody for Off-Venue Settlement Following $1.4 Billion Breach
Zodia Custody and Bybit have announced a partnership to provide segregated custody and off-venue settlement for Bybit’s institutional clients.
Zodia Custody
Bybit
crypto
cryptocurrency
Risk sentiment takes another blow as China responds with counter-tariffs
Risk sentiment takes another blow as China responds with counter-tariffs
China hits back with additional 34% tariffs on all US goods starting from 10 April
market overview
Oil: OPEC+ shock supply increase – ING
Oil: OPEC+ shock supply increase – ING
Oil prices took a big hit yesterday as a barrage of new tariffs raised concerns over global growth and the outlook for oil demand. ICE Brent settled more than 6.4% lower on the day – the largest sell-off since August 2022, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
OPEC
Energy
Commodities
Banks