The all-important United States (US) Nonfarm Payrolls (NFP) data for June will be released by the Bureau of Labor Statistics (BLS) on Thursday at 12:30 GMT.
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If monetary policy divergence has favored EURUSD bears in the first half of 2025, this trend will likely reverse in the latter half of the year. When combined with capital outflows from the US to Europe, this bodes well for the euro’s future. Let’s discuss this topic and make a trading plan. Major Takeaways The S&P 500 reached a record high in US dollars but not in other currencies. The end of the ECB’s monetary expansion cycle will reshape market conditions. Capital flows from the US to Europe are supporting the euro. Long positions on the EURUSD pair can be… Read full author’s opinion and review in blog of #LiteFinance
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Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet.
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FX option expiries for Jul 3 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
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XS.com has expanded further into the Middle East by opening a new office in Kuwait—its first in the country. The broker will use the new location as a central base for customer support and market development.
Expansion through Local Partnership
Announced today (Thursday), the contracts for differences (CFDs) broker entered the Gulf country via a partnership with NVEST, a subsidiary of Construction Group and Al Wataniya Group.
A new entity, XS Online, has been formed in Kuwait.
“This partnership goes beyond an office opening; it’s a strategic step to strengthen our connection with the Arab region,” said Mohamad Ibrahim, Group CEO of XS.com.
“The Kuwaiti market is active, growing, and modern. Our presence here allows us to be closer to our clients, respond faster to market needs, and build our brand across the GCC.”
NVEST’s CEO, Jamal Al-Sabah, said the partnership would support XS’s operations in Kuwait. The broker also said the Kuwait office would help shape regional plans, build local partnerships, and boost its marketing and communication efforts.
Read more: XS.com Gains South Africa License by Acquiring a Local Firm
A Growing Market for Retail Trading
Kuwait has a population of 4.8 million but shows strong demand in retail trading. According to Boursa Kuwait, retail investors made up 38 per cent of the total traded value in 2024. The number of active trading accounts rose 19 per cent in the first half of 2024 to around 20,000.
Although many CFD brokers—including Exness, AvaTrade, XM, and IC Markets—onboard clients from Kuwait, the country’s financial regulator does not provide a specific licence for CFDs. Brokers typically operate on a cross-border basis, following the broader rules for securities.
There are also local Kuwaiti brokers, like NCM Invest, that offers CFDs and other instruments to retail traders. NCM gained a UK license last year.
Meanwhile, other CFD brokers are also expanding across the Gulf. Most are setting up offices and applying for licences in Dubai, while some are also moving into nearby countries.
This article was written by Arnab Shome at www.financemagnates.com.
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Key findings:
Comment:
Tim Moore, Economics Director at S&P Global Market
Intelligence, said:
“June data highlighted a modest rebound in UK service
sector growth, fuelled by a turnaround in domestic
business and consumer spending after a soft patch
during the spring. Business activity expansion was
slightly stronger than the earlier ‘flash’ estimate for
June and the fastest seen since August 2024.
“While total new work picked up in June, shrinking
export sales were a constraint on service sector
growth. Survey respondents cited headwinds from
US tariffs and geopolitical tensions, which resulted in
subdued demand conditions across global markets.
“Meanwhile, concerns about elevated payroll costs
meant that service providers were reluctant to turn
on the hiring taps. Employment numbers decreased
for the ninth month running and at a faster pace
than in May, with job shedding again often attributed
to redundancies as well as the non-replacement of
voluntary leavers.
“The latest survey pointed to a considerable slowdown
in overall cost inflation across the service economy,
which allowed for the slowest rise in output charges
since February 2021. “A combination of easing price pressures and lower
employment leaves the door open for the Bank of
England to resume its run of interest rate cuts at the
next policy meeting in August.”
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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The
cryptocurrency market is experiencing a significant surge today, with Bitcoin
(BTC) price climbing nearly 3% during Wednesday’s session to test the $109,800
level, followed by an additional 0.5% gain on Thursday. This bullish momentum
extends across major digital assets, as Ethereum (ETH) price jumped 7% on
Wednesday and continues rising over 1% today, while Dogecoin (DOGE) price and
XRP price are also posting substantial gains amid renewed investor optimism.
In this
article, I examine why crypto is going up today and what the latest price predictions
are for Bitcoin, Ethereum, Doge, and XRP for July 2025.
Why is Crypto Going Up
Today? 4 Key Market Drivers
The current
cryptocurrency rally stems from multiple converging factors that are driving
institutional and retail investor confidence. Market sentiment has shifted
dramatically as digital assets break through key resistance levels, with
Bitcoin price reaching its strongest position in over a month at $109,406. This
surge represents a clear departure from recent consolidation patterns,
signaling renewed bullish momentum across the entire crypto ecosystem.
Eurozone
monetary expansion
has emerged as a significant catalyst behind the current rally. The eurozone’s
broad money supply (M2) reached record highs in April, showing a 2.7%
year-over-year expansion that aligns with the expansionary trajectory of the US
monetary base. This monetary expansion has increased global liquidity, creating
favorable conditions for risk assets including cryptocurrencies. The European
Central Bank’s data shows the Euro Area Money Supply M2 at 15.74 trillion euros
for May 2025, up 3.55% from one year ago.
Global
liquidity conditions continue supporting cryptocurrency valuations, as Bitcoin’s price closely follows
global liquidity trends. When there is more money available in the financial
system, asset prices tend to rise, and the current monetary expansion across
major economies is providing this supportive backdrop. The relationship between
M2 money supply and Bitcoin’s market cycles has historically been strong, with
growth in M2 correlating with Bitcoin’s bull cycles.
Institutional
adoption continues accelerating, with major financial institutions increasing their cryptocurrency
exposure and regulatory clarity improving in key markets. The combination of
these fundamental drivers with technical breakouts has created a perfect storm
for upward price action across Bitcoin, Ethereum, XRP, and Dogecoin.
Bitcoin Price Nears $110K
Resistance
Bitcoin
price performance has been particularly impressive, with the flagship
cryptocurrency demonstrating new strength in the second part of the week.
Wednesday’s nearly 3% surge pushed Bitcoin to test the critical $109,800
resistance level, marking the highest valuation in over a month. Thursday’s
additional 0.5% gain has solidified this momentum, with Bitcoin currently
trading at $109,406.
The
technical picture for Bitcoin remains overwhelmingly bullish, as the
cryptocurrency has successfully broken through multiple resistance zones.
Trading volumes have increased significantly during this rally, indicating
genuine buying interest rather than low-volume manipulation.
As shown in
the chart above, however, Bitcoin’s price continues to move within the same
consolidation channel, with the upper boundary marked by the May all-time high.
While the recent gains allowed BTC to break above the trendline connecting the
lower highs formed since then, it still faces a fairly strong bearish
resistance ahead.
“The
macro backdrop for Bitcoin’s long-term bullish market structure remains broadly
supportive. Inflationary pressures are building up again, the U.S. dollar is
softening, and equities are breaking into new all-time highs, all of which
keep Bitcoin’s structural bullish thesis intact. But until a clear macro
catalyst emerges, the market seems hesitant to push higher,” said Ray Yossef, CEO of crypto app NoOnes and a long-time Bitcoin advocate.
Related: Bitcoin Sets Record Close in June, With July BTC Price Predictions Target $115K
Ethereum Price Is Back
Above $2,500
Ethereum
price has delivered even more impressive gains than Bitcoin, with a 7% surge on
Wednesday that tested intraday highs at $2,620. Thursday’s continued momentum
has added over 1% to Ethereum’s value, bringing the current price to $2,598,
representing the highest level in a month.
My technical analysis shows that, like Bitcoin, Ethereum is also moving
within a consolidation range, recently testing its lower boundary near $2,400.
On Wednesday, the price bounced off that level, reopening the path toward the
upper band, which lies between $2,750 and $2,830
The
Ethereum network’s fundamental strength continues driving investor interest,
with smart contract activity reaching new highs and decentralized finance
protocols showing robust growth. This technical innovation, combined with
Ethereum’s proof-of-stake consensus mechanism, has positioned the network as a
cornerstone of the evolving digital economy.
You may also like: How High Can Bitcoin Go? BTC Price Eyes $140K Summer Target as Institutions Drive Predictions of New Rally
XRP Price Movement:
Regulatory Clarity Driving Growth
XRP price
has demonstrated steady upward momentum, with a 1.75% gain on Wednesday
followed by another 1.75% increase on Thursday. Current trading levels around
$2.2764 represent significant progress for the digital asset, though technical
analysis indicates that the $2.30 level remains a crucial resistance point on
the XRP/USDT chart.
The recent
XRP price surge coincides with improving regulatory clarity surrounding the
digital asset’s classification and usage. Legal developments have reduced
uncertainty that previously weighed on investor sentiment, allowing XRP to
participate more fully in the broader cryptocurrency rally.
Cross-border
payment adoption continues expanding for XRP, with financial institutions
increasingly recognizing the token’s utility for international transactions.
This real-world usage provides fundamental support for XRP’s current price
levels and suggests potential for sustained growth.
On the
technical front, XRP broke out of a bearish regression channel some time ago,
opening the door to potential stronger gains. However, appreciation is
currently being capped by a key resistance zone around $2.30, which has halted
price advances three times since early June. Only a breakout above this level
would pave the way for XRP to retest the May highs above $2.60.
Dogecoin Price Action:
Meme Coin Momentum
Dogecoin
price has emerged as one of the strongest performers in the current rally,
adding over 7% to its value on Wednesday and continuing with a 2.5% gain on
Thursday. The meme cryptocurrency has established new local highs at the
$0.1750 level, demonstrating remarkable resilience and investor interest.
The
Dogecoin surge reflects broader risk-on sentiment in cryptocurrency markets,
with investors showing renewed appetite for higher-volatility digital assets.
Social media engagement around Dogecoin has increased substantially,
contributing to the positive momentum and attracting new participants to the
market.
From a technical standpoint, Dogecoin remains weak. It continues to trade
near local lows and is still far from the key resistance zone between $0.19 and
$0.20. While the bounce from the local bottom at $0.15 and the breakout from
the bearish regression channel allowed it to recover above the May lows around
$0.1674, the May highs near $0.26 still appear to be a distant target.
Bitcoin, Ethereum and XRP
Price Predictions and Analyst Perspectives on Digital Asset Rally
Bitcoin
price predictions for 2025 have reached unprecedented levels, with Standard
Chartered projecting Bitcoin could reach $135,000 by Q3 2025. The bank’s
analysis emphasizes macroeconomic factors including inflation and global
recovery as key drivers, while highlighting Bitcoin’s evolution from
speculative asset to recognized store of value.
Ethereum
price predictions show consistency across multiple forecasting models. October
2025 projections suggest ETH will trade between $3,300 and $3,400, with
technical charts showing bullish flag formations and potential upside targets
around $3,400.
Year-end
2025 forecasts anticipate Ethereum closing between $3,500 and $3,700, marking
yearly highs supported by institutional backing and rising demand for
Ethereum-based applications. The Moving Average Convergence Divergence (MACD)
signals continuation of bullish momentum, with increasing volumes supporting
the rally.
XRP price
predictions present the widest range among major cryptocurrencies, reflecting
ongoing regulatory uncertainties and potential catalysts. CoinPedia’s analysis
suggests XRP could reach $5.81 by the end of 2025, with potential lows around
$2.30 and average prices near $4.89.
More
aggressive XRP forecasts project the token could hit $26.50 by 2030 and $526 by
2050, driven by institutional adoption and resolution of legal challenges. The
potential approval of an XRP ETF in 2025 represents a significant catalyst that
could accelerate these timelines.
2025 Crypto Price Prediction Table
The
convergence of institutional adoption, regulatory clarity, and technical
momentum creates a compelling case for the bullish price predictions outlined
above. However, cryptocurrency markets remain inherently volatile, and these
forecasts should be considered alongside appropriate risk management
strategies.
Crypto News, FAQ
Why Are Cryptos Going Up
Right Now?
Cryptocurrencies
are experiencing significant upward momentum due to a convergence of powerful
market forces. Eurozone monetary expansion has emerged as a key catalyst, with
the broad money supply (M2) reaching record highs in April and showing a 2.7%
year-over-year expansion that aligns with US monetary base growth. This
increased global liquidity creates favorable conditions for risk assets
including cryptocurrencies.
Why Will Crypto Rise
Again?
The
cryptocurrency market is positioned for continued growth based on several
structural developments that support long-term appreciation. Institutional
infrastructure has matured significantly, with major corporations, pension
funds, and sovereign wealth funds allocating substantial portions of their
portfolios to digital assets. This institutional foundation provides stability
and sustained demand that wasn’t present in previous market cycles.
Which Crypto Will Give
1000x in 2025?
While
established cryptocurrencies like Bitcoin and Ethereum offer more conservative
growth prospects, several emerging projects are positioned for exponential
returns. Bitcoin Hyper ($HYPER) represents a compelling 1000x opportunity as a
layer-2 solution leveraging Solana’s Virtual Machine to bring speed and
scalability to Bitcoin. Currently priced at $0.011825 in presale, the project
recently reached $1 million valuation and offers staking rewards up to 1298%
annual yield.
This article was written by Damian Chmiel at www.financemagnates.com.
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Intel (INTC) Stock Update – Bearish Breakdown on Negative 18A News
Intel stock dropped 4.25% yesterday, closing at $21.88, following a key announcement: the company may halt marketing of its advanced 18A chipmaking process due to low customer interest, shifting focus to its 14A technology instead.
This decline came despite strength in the broader semiconductor sector—notably, the SMH ETF rose nearly 2% the same day. That divergence signals clear relative weakness, a critical factor for short-term and swing traders.
We had our initial video coverage on Intel stock recently, where we show the bigger picture of the technical analysis situation. This a follow-up.
Key Technical Developments on the INTC Price Chart (4 hour timeframe)
Break Below Value Area High (VAH):
The value area high (labeled 6) of the sideways range that began after August 2024 earnings is at $22.86.
INTC closed well below that level, nearly $1 lower, confirming a failed breakout and return to the value zone.
Failed Breakout Above Red Resistance Line:
We previously noted that two consecutive 4-hour candles closing below the red resistance line would invalidate the bullish scenario.
That has now occurred, albeit with a marginal first candle. Still, the technical damage is evident.
Support Not Holding:
Price broke down the consolidation zone’s VAH (value area high), crossed down the red resistance line and even the mid purple channel. Bears have regained control and as long as price is below $22.50, bears will have the control.
Next Levels to Watch
Short-Term Support: Bottom rail of the ascending purple channel.
Medium-Term Target: Point of Control (POC) at $20.20—a fair value zone with heavy historical volume.
Long-Term Buy Zone: Around $19.17, the value area low of the larger consolidation range (blue line).
Strategy Suggestions of INTC Stock
If you’re holding a position:
Conservative traders may want to exit now, even if the stop wasn’t technically breached.
Hesitant to exit? Consider reducing exposure by selling half, a classic method to manage uncertainty while preserving upside if bulls unexpectedly regain control.
This case illustrates how news alone (like the seemingly significant from Intel yesterday) doesn’t determine direction. Price action does. Bad news with bad price reaction, in the underlying stock, means bad. Good news with good price reaction means good. Good news with a lack of price reaction, or bad news with a lack of price reaction — both, typically, means that the news was insignificatn.
In any case, Intel’s failure to hold key breakout levels, especially while peers rallied, speaks louder than the news itself.
Stay tuned for further updates on INTC as it approaches deeper support zones and the market reveals more.
Invest and/or trade INTC stock at your own risk only.
This article was written by Itai Levitan at www.forexlive.com.
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Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet.
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Tariffs Pushed Trading Volumes
The beginning of last quarter was dramatic. US President Donald Trump’s tariff plans brought havoc to the markets, creating massive volatility. However, one industry flourished – retail brokers.
As the markets became volatile, traders’ activity jumped, sending trading volumes soaring, which are directly related to brokers’ revenue.
IG Group said it “performed strongly” in April due to elevated volatility across asset classes, which resulted in higher client trading activity than expected in typical market conditions. VT Markets also handled $720 billion in trading volume in April 2025, marking its “strongest-ever” monthly figure.
NRDX was another broker that reported over 60 per cent of its active clients opened new positions, particularly shorting affected indices and commodities.
GCEX, a provider of prime brokerage services, also disclosed that FX spot trading volumes on its platform surged by nearly 250 per cent following Trump’s announcements, stating it recorded “some of its strongest trading days.” Meanwhile, Tom Higgins, CEO of Gold-i, said his platform “saw a tenfold increase in FX and equity index price rates and about five times as much trading activity.”
eToro Goes Public, but iForex Awaits
eToro’s years of waiting finally ended last May as the broker went public on Nasdaq. Demand for the retail broker’s stock was so strong that the company had to increase the size and valuation of its IPO.
The Israeli broker listed at a valuation of $4.2 billion, and upon listing, added over a billion more to its market cap.
We came. We saw. We IPO’d. 😎📷 Thanks to our 40 million registered users who helped make this moment happen. 📷@NasdaqExchange #eToroIPO #NasdaqListed pic.twitter.com/HWm8I94JXz
— eToro (@eToro) May 16, 2025
While the eToro listing grabbed headlines, iForex, a CFDs broker, floated its plan to go public in London. Although iForex is not as big as eToro, it is still very popular in the CFDs space. Interestingly, the broker generated 35 per cent of its revenue from Japan, 17 per cent from India, and 20 per cent from the Middle East, but it is not regulated in any of those markets.
The CFDs broker, however, is yet to share its anticipated listing valuation or other IPO details.
Although iForex wanted to list its shares at the end of June, an investigation by a British Virgin Islands regulator delayed its plans. The broker is regulated in the BVI and Cyprus. Now the question remains: will iForex go public in Q3?
Can IG Save London?
Although iForex wants to IPO in London, the city’s capital market is struggling. New listings in the UK raised only £74.7 million in Q1 2025 compared to £8.9 billion in the US. Many London-listed companies are also fleeing the city.
And IG now wants to save London’s markets. The CFDs broker launched a campaign to push policymakers to scrap stamp duty on equity investments and incentivise British stock investors.
The broker has waged a war against the much-loved cash ISAs. It even signed former tennis star Pat Cash (maybe because of his surname?!) for a campaign against cash savings. The “cash returns” play on words is catchy, but Cash played tennis for Australia (although he now lives in the UK). Could IG not have found a more British player (Raheem Sterling!)?
Meanwhile, IG now offers cryptocurrency trading but has shuttered its local South African business.
MetaTrader Crashed in China
Chinese traders encountered a serious problem: they could not access MetaTrader servers. The issue persisted for over a week as new users could not locate broker servers through the trading applications. Existing users who had previously logged into broker servers continued trading without interruption.
FinanceMagnates.com found that the issue occurred at least twice and was resolved after MetaQuotes released an emergency update.
But what happened? As always, MetaQuotes stayed quiet and released no public details around the issue.
However, the connectivity problems coincided with broader regulatory pressures on foreign trading platforms in China. Many Chinese nationals have been required to install the government’s “National Anti-Fraud Centre” application, which industry sources believe may flag MT4 and MT5 software as potentially fraudulent.
Meanwhile, trading volume on MT5 has finally surpassed MT4, almost 15 years after MetaQuotes launched the newer platform. Does this mean MT4 will slowly phase out? Or will MetaQuotes continue supporting the legacy platform?
My Forex Funds Wins
After fighting the CFTC for about two years, My Forex Funds had its last laugh. A New Jersey court dismissed the case against the prop firm and sanctioned the regulator.
The court’s decision was not due to the regulator’s failure to prove that My Forex Funds was fraudulent, but because of its questionable tactics to freeze the platform’s funds. The regulator must now pay the prop firm’s legal fees and costs.
Before the CFTC’s actions, My Forex Funds was massive. Its prop trading business generated at least $310 million in fees. The platform reportedly served more than 135,000 customers between November 2021 and its shutdown.
However, the business was forced to close its doors as the CFTC froze its funds and accounts. Will My Forex Funds make a comeback? After all, prop trading is still very profitable.
Regulators Are Going After Finfluencers
Regulators are finally going after so-called finfluencers with full force. The FCA in the UK made three arrests as part of its broader crackdown on “rogue influencers.” The British regulator also issued seven cease-and-desist letters, published 50 warnings, and invited four finfluencers for interviews.
You may also like: Finfluencers Had a Good Run, but the Party may Fizzle Out
The FCA was just one of nine global agencies that launched a crackdown on these illegal finfluencers.
ASIC, the Aussie counterpart of the FCA, also confirmed it issued warning notices to 18 social media finfluencers suspected of unlawfully promoting high-risk financial products like CFDs. Other agencies also issued warnings and published cautionary notices.
One regulator went a step further. Although not part of the joint effort, the regulator in Dubai mandated licences for finfluencers, making it the first region to require such approval for influencers.
Will We See More FX Brands on Football Shirts?
A massive opportunity has emerged in the English Premier League. City regulators are considering banning the display of gambling brands on the top domestic football league’s shirts. Meanwhile, 11 out of 20 Premier League teams had gambling brands as main sponsors last season.
Read more: Football Sponsorship Shake-Up—CFDs Brokers Could Score as Betting Brands Get Benched
This means those 11 teams may have to find new shirt sponsors. The opportunity? “Premier League front-of-shirt sponsorship is a thinly traded marketplace, with only four to five teams per season,” according to Sporquake’s CEO, Matt House. “So, with availability doubling and the biggest buyer exiting, simple supply and demand economics suggest the market is likely to be softer year-on-year, presenting a buying opportunity for non-betting brands.”
Who are these non-betting brands? CFD brokers could be one. FxPro, FBS and Plus500 have all previously placed their branding on the front of various football club shirts, while other brokers have promoted their brands on and off jerseys.
These brokers also don’t hesitate with spending. Swissquote spent $15 million on sports sponsorships in the 2024–25 season, followed by eToro and Plus500 at $10.7 million and $10.5 million, respectively. Other major spenders include Libertex, AvaTrade, Vantage, Doo Group and CFI Group.
However, it might be hard to outspend deep-pocketed crypto companies, which are much bigger than CFD brands.
Crypto.com emerged as the top sports spender last season, spending $213 million, followed by Coinbase, OKX and Gate.io at $80 million, $71 million and $53 million, respectively. Binance shelled out $31 million, while Kraken spent $27 million.
So, will we see more CFD brands on Premier League shirts in the upcoming season, or will crypto dominate?
This article was written by Arnab Shome at www.financemagnates.com.
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If all things are in order by then, then the vote on the final passage is planned for 0930 GMT (5.30am ET). At least now we have a sort of timing for it. The rule vote has been kept open for nearly five hours now. Geez.
This article was written by Justin Low at www.forexlive.com.
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The GBP/JPY pair trades cautiously near 196.00 during the Asian session on Thursday after posting a fresh weekly low around 195.40 the previous day.
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