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The Hidden Backbone of Every Successful Brokerage
The Hidden Backbone of Every Successful Brokerage
News Discussion Forum
By Finance Magnates
The Hidden Backbone of Every Successful Brokerage
Learn why tech infrastructure is your real competitive edge.
technology
USDJPY stuck in volatile range as risk sentiment whipsaws markets
USDJPY stuck in volatile range as risk sentiment whipsaws markets
Tariff news and falling yields weigh on pair; sellers stay in control below key moving averages
JPY
USD
ForexLive European FX news wrap: Dollar struggles as markets digest Trump's tariffs pause
ForexLive European FX news wrap: Dollar struggles as markets digest Trump's tariffs pause
Forex news from the European morning session on Apr 10, 2025
Session wrap
Wrap Europe
EURUSD retraces higher to yesterday's high
EURUSD retraces higher to yesterday's high
EURUSD retraced higher in a volatile session, testing key moving averages. Traders eyeing 1.1106 level for next move, with potential rotation back towards 100/200 hour MA if sellers prevail.
CAD
USD
EUR/USD flirts with fresh six-month high after soft CPI release
EUR/USD flirts with fresh six-month high after soft CPI release
The EUR/USD pair sprints higher to 1.1133 at the time of writing on Thursday after the Consumer Price Index (CPI) release.
EURUSD
TradeWar
UnitedStates
Macroeconomics
Eurozone
Gold: Bulls strike back – OCBC
Gold: Bulls strike back – OCBC
Gold rose back above 3100, from under 3000 overnight as earlier sell-off dissipated. XAU/USD was last at 3123 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold
XAUUSD
Banks
Metals
Commodities
WH Economic Adviser Hassett: Conversations on China have not begun yet
WH Economic Adviser Hassett: Conversations on China have not begun yet
In an interview with CNBC on Thursday, Kevin Hassett, Director of the US National Economic Council (NEC), said that there is a big inventory of deals that are very close to the finish line, per Reuters.
China
UnitedStates
Macroeconomics
XRP Hits $2 as Trump Announces 90-Day Tariff Suspension on Trading Partners
XRP Hits $2 as Trump Announces 90-Day Tariff Suspension on Trading Partners
News Discussion Forum
By Finance Magnates
XRP Hits $2 as Trump Announces 90-Day Tariff Suspension on Trading Partners
President Donald Trump announced a temporary suspension of tariffs on many US trading partners while increasing tariffs on Chinese imports.
XRP News
XRP
ripple. xrp
Ripple
Trump Tariffs
crypto
EC President von der Leyen: EU agrees on 90-day pause in countermeasures against US
EC President von der Leyen: EU agrees on 90-day pause in countermeasures against US
European Commission President Ursula von der Leyen confirmed on Thursday that they have agreed to pause countermeasures against the US tariffs for 90 days.
ECB
EURUSD
Europe
Politics
Macroeconomics
USD/JPY spikes, then retreats – OCBC
USD/JPY spikes, then retreats – OCBC
USD/JPY jumped sharply to 148.27 overnight as safe haven trades unwind after Trump announced a 90-day tariff pause. We had cautioned for the risk of a short squeeze in our report yesterday. Pair was last at 145.78 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
BOJ
USDJPY
Banks
EUR/NOK fails to hold breakout – Societe Generale
EUR/NOK fails to hold breakout – Societe Generale
EUR/NOK's recent breakout attempt above 12.05 was short-lived, as strong resistance pushed the pair back into its consolidation range. Key support at 11.68 now becomes critical for the near-term outlook, Societe Generale's FX analysts report.
Technical Analysis
EURNOK
Banks
USDNOK
S&P 500 posted the third largest daily gain since World War II. What's next?
S&P 500 posted the third largest daily gain since World War II. What's next?
Following the Trump's tariffs pause announcement, the S&P 500 rallied strongly with the move going into history books
S&P Futures
AUD/USD: Tariff relief for 90 days – OCBC
AUD/USD: Tariff relief for 90 days – OCBC
Australian Dollar (AUD) rebounded 4% from its lows overnight after Trump pauses tariffs on most nations for 90 days. Pair was last at 0.6170 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
AUDUSD
USD/JPY: Downward momentum is beginning to ease – UOB Group
USD/JPY: Downward momentum is beginning to ease – UOB Group
After the sharp swings, the outlook is unclear; US Dollar (USD) could trade in a range of 145.40/148.50 vs Japanese Yen (JPY).
Technical Analysis
USDJPY
Banks
USD/CNH: 2-way trades for the time being – OCBC
USD/CNH: 2-way trades for the time being – OCBC
Despite Trump raising tariffs on China to 125% overnight, USD/CNH fell as broader sentiment improved. Trump unexpectedly paused higher tariffs on 56 nations (excluding China) for 90 days.
Technical Analysis
China
USDCNH
Banks
Germany's Leveraged FX and CFD Trading Market Still 25% Below COVID High Despite Growth
Germany's Leveraged FX and CFD Trading Market Still 25% Below COVID High Despite Growth
News Discussion Forum
By Finance Magnates
Germany's Leveraged FX and CFD Trading Market Still 25% Below COVID High Despite Growth
. Germany's leveraged trading market has reversed course, growing 3% to reach 63,000 active CFD and forex traders in the 12 months to February 2025, according to a new report from market research f...
germany
investment trends
NZD/USD: Weakness in NZD has stabilised – UOB Group
NZD/USD: Weakness in NZD has stabilised – UOB Group
New Zealand Dollar (NZD) could test 0.5695 vs US Dollar (USD) before the risk of a pullback increases. In the longer run, weakness in NZD has stabilised; it is likely to consolidate between 0.5540 and 0.5760 for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
Well, at least the bond market has calmed down for now
Well, at least the bond market has calmed down for now
It was the pain in the bond market that got Trump to change his mind supposedly
GBP: Gilt baggage – ING
GBP: Gilt baggage – ING
EUR/GBP briefly traded to 0.8650 yesterday – a move which seems to coincide with the sell-off in UK gilts. That UK gilts even underperformed US Treasuries is quite remarkable and probably very unnerving for the UK's Debt Management Office, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURGBP
Banks
GBPUSD
Copper rallies on tariff pause – ING
Copper rallies on tariff pause – ING
Copper and other base metals rallied in early morning trading today following President Trump’s 90-day tariff pause, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Metals
Copper
Commodities
Banks
Global Forex Funds Launches New One-Phase Prop Trading Challenge in the UK
Global Forex Funds Launches New One-Phase Prop Trading Challenge in the UK
News Discussion Forum
By Finance Magnates
Global Forex Funds Launches New One-Phase Prop Trading Challenge in the UK
As more traders seek the best UK prop firm, the focus is shifting from bold claims to real trading conditions.
prop firms
EU considers pausing countermeasures against US for 90 days – Reuters
EU considers pausing countermeasures against US for 90 days – Reuters
The European Union is considering pausing its countermeasures, due on April 15, against the United States' tariffs for 90 days, Reuters reported on Thursday, citing EU diplomats.
EURUSD
Europe
Eurozone
Politics
Macroeconomics
RBA’s Bullock: Too early for us to determine what the path will be for interest rates
RBA’s Bullock: Too early for us to determine what the path will be for interest rates
Reserve Bank of Australia (RBA) Governor Michele Bullock spoke at the Chief Executive Women 40th Anniversary Melbourne Annual Dinner, on Thursday.
RBA
CentralBanks
InterestRate
AUDUSD
China mulls tariff response to US hike – ING
China mulls tariff response to US hike – ING
Markets are watching closely as China weighs a response to the latest US tariff hike. With limited trade impact, the focus shifts to potential currency movements and consumer strain, ING’s FX analyst Chris Turner notes.
Technical Analysis
China
USDCNH
Banks
AUD/USD seems to have enough momentum to test 0.6195 – UOB Group
AUD/USD seems to have enough momentum to test 0.6195 – UOB Group
Sharp rally in Australian Dollar (AUD) seems to have enough momentum to test 0.6195 before leveling off. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
Dollar pushed lower as markets digest Trump's tariffs pause
Dollar pushed lower as markets digest Trump's tariffs pause
The US-China trade war is escalating in the background though
Crypto Fund Trader x Bybit: Redefining the Future of Crypto Prop Trading
Crypto Fund Trader x Bybit: Redefining the Future of Crypto Prop Trading
News Discussion Forum
By Finance Magnates
Crypto Fund Trader x Bybit: Redefining the Future of Crypto Prop Trading
This strategic collaboration sets a new standard for what traders expect from a prop trading firm.
Bitcoin follows other risk assets higher following Trump's tariffs pause. What's next?
Bitcoin follows other risk assets higher following Trump's tariffs pause. What's next?
Trump's tariffs pause sent risk assets to the moon yesterday, including of course bitcoin. Traders are now questioning if this is just a pullback or a legit change in trend.
Gold price sees US session push Bullion to $3,125
Gold price sees US session push Bullion to $3,125
Gold price (XAU/USD) is printing a stellar return on Thursday, moving around $3,120 at the time of writing. Since Tuesday morning, the precious metal has rallied nearly 5.00%.
TradeWar
UnitedStates
SEO
Gold
Commodities
USD: Damage has been done – ING
USD: Damage has been done – ING
The clean take-away from the pause in the worst of the tariffs was a re-assessment of global trade prospects on the view that perhaps tariffs were more transactional after all, and US equity losses are indeed proving a brake on the President's desires to rewire the global trading systems, ING’s FX a
Technical Analysis
Banks
DollarIndex
German economic institutes cut 2025 GDP forecast even before accounting for latest tariffs
German economic institutes cut 2025 GDP forecast even before accounting for latest tariffs
The new forecasts here do factor in the 25% steel and aluminum forecasts but not the blanket 10% now and the delayed 20% tariffs
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Metals
Commodities
With Girona FC Deal Extended, Axi Confirms Two-Season Renewal with Esporte Clube Bahia
With Girona FC Deal Extended, Axi Confirms Two-Season Renewal with Esporte Clube Bahia
News Discussion Forum
By Finance Magnates
With Girona FC Deal Extended, Axi Confirms Two-Season Renewal with Esporte Clube Bahia
Axi has extended its partnership with Esporte Clube Bahia for two more seasons. The broker first partnered with the Brazilian football club in 2023.
Axi
retail FX
retail forex
retail brokers
retail
sports-sponsorship
TTF gas prices drop over 7% – ING
TTF gas prices drop over 7% – ING
European natural gas prices plunged sharply, with TTF falling over 7% amid heavy fund selling. A pause in tariffs may offer a temporary lift, but market positioning remains cautious, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Energy
Gas
Commodities
Banks
USD/CAD holds losses below 1.4100 ahead of US CPI data
USD/CAD holds losses below 1.4100 ahead of US CPI data
USD/CAD loses ground for the second successive day, trading around 1.4090 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) remains subdued ahead of the high-impact Consumer Price Index (CPI) inflation report for March set to be published on Thursday at 12:30 GMT.
USDCAD
Macroeconomics
Commodities
Oil
Canada
GBP/USD: Still trading in a range – UOB Group
GBP/USD: Still trading in a range – UOB Group
Pound Sterling (GBP) is still trading in a range vs US Dollar (USD), expected to be between 1.2750 and 1.2870. In the longer run, GBP could decline further; it is unclear if it can reach the next major support at 1.2580, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD