FNG Exclusive… FNG has learned that longtime CFDs industry executive Lex Webster is launching a new UK-focused financial startup, called Beat Money. Lex Webster served as CEO of Retail FX and CFDs brokerage group Exinity, operator of the FXTM online trading brand, from 2021-2024. He has also previously worked at Gain Capital (FOREX.com and City…
Chainlink has formed a working group alongside several multinational groups, across Europe and South Korea, collectively representing over $10+ trillion in assets under management. This collaborative initiative aims to modernize foreign exchange (FX) infrastructure, with a specific focus on evaluating the transition from traditional T+2 settlement cycles toward real-time T+0 settlement models. Chainlink, FairSquareLab, a first-mover in…
EUR/USD fell on Friday to its lowest level since 31 March 2026 and is holding near 1.1457. The US dollar is being supported by rapidly growing expectations of further Federal Reserve policy tightening following more hawkish-than-expected signals from the regulator. This week, the Fed left interest rates unchanged. However, the updated forecasts showed that half…
Newsfrom Japan Economy Jun 19, 2026 11:59 (JST) Tokyo, June 19 (Jiji Press)–Japanese Finance Minister Satsuki Katayama on Friday warned against speculative movements in the foreign exchange market, signaling authorities’ readiness to intervene as the dollar soared to its highest levels in nearly two years against the yen. Japanese authorities “will take firm measures if…
Key Highlights USD/JPY started a fresh increase above the 160.00 resistance. A key bullish trend line is forming with support at 160.40 on the 4-hour chart. EUR/USD extended losses and traded below 1.1520. WTI Crude Oil prices declined below $76.50 and $75.00. USD/JPY Technical Analysis The US Dollar remained supported above 158.50 against the Japanese…
The USD/ILS is near 2.93950 this morning as a wide spread is being seen, but also as the currency pair holds onto its known range and financial institutions weigh their outlooks. The trading range of the USD/ILS over the past week has held fairly steady. The current value of the USD/ILS is traversing the 2.93950…
FNG Exclusive… FNG has learned that China based Retail FX and CFDs broker EBC Financial Group is accusing a former Director of its UK-based, FCA-regulated arm EBC Financial Group (UK) Ltd of misappropriating funds from the company’s bank account. EBC write-off EBC UK has taken a write-off of £747,000 (just under USD $1 million) as…
Pile of money by Atlantagreg via iStock The dollar index (DXY00) rallied to a 13-month high on Thursday, finishing up by 0.80%. The dollar rose on Thursday on carryover support from Wednesday, when the FOMC projected higher interest rates later this year. Thursday’s US economic news was also supportive of the dollar as weekly jobless…
The BoE-Fed policy divergence is dragging GBPUSD lower. A weaker pound is a pro-inflationary factor for the UK. The US dollar recorded its best daily performance since early March, thanks to a hawkish surprise from the Fed. Nine FOMC members indicated in their forecasts that one or more federal funds rate hikes would occur in…
Gold’s overall trend: Bearish. Today’s Gold Support Points: $4,220 – $4,170 – $4,070 per ounce. Today’s Gold Resistance Points: $4,320 – $4,380 – $4,440 per ounce. Today’s Gold Trading Signals: Bullish Scenario: Buy gold from the support level of $4,180, with a target of $4,350 and a stop loss at $4,130. Bearish Scenario: Sell gold…