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Fxstreet
GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness
The Pound Sterling begins the week positively set to end April strong, is up 0.65% as the Greenback continues to weaken and risk appetite improves. At the time of writing, the GBP/USD trades near 1.3400 after bouncing off daily lows of 1.3279.
Technical Analysis
Currencies
Majors
Macroeconomics
GBPUSD
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Fxstreet
EUR/USD Price Analysis: Euro holds gains after European session amid bullish signals
After the European session on Monday, EUR/USD was seen trading near the mid-1.13/1.14 area, maintaining a positive tone on the day with a modest gain. Despite the RSI holding a neutral stance and the MACD flashing a sell signal, the broader technical setup remains tilted to the upside.
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Fxstreet
Could the US trade war lead to lower global tariffs? – Standard Chartered
The optimism that US trade policies may lead to lower global tariffs is misplaced. The WTO under Trump is symptomatic of a wider crisis for multilateralism. Countries will face challenges lowering tariff rates given WTO MFN requirements.
US Elections
UnitedStates
Politics
Banks
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Forex Live
The market needs the answer to this question: What are tariffs for?
Is Trump making trade deals or raising revenue for tax cuts?
Nasdaq
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Forex Live
Dallas Fed manufacturing business index -35.8 vs -16.3 prior
That's not a good number
USD
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Forex Live
Induced atmospheric vibration was the cause of the Spanish power outage
A rare atmospheric event cause the power outage and it could take up to a week to fix
EUR
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Fxstreet
USD/JPY declines to near 143.00 as Japanese Yen outperforms, BoJ policy in focus
The USD/JPY pair falls sharply to near 143.00 during North American hours on Monday. The pair declines as the Japanese Yen (JPY) trades strongly at the start of the week, with investors awaiting the monetary policy announcement by the Bank of Japan (BoJ) on Thursday.
China
UnitedStates
BOJ
USDJPY
InterestRate
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Forex Live
The US consumer hasn't cracked yet
But it could be tariff front-running
USD
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Fxstreet
ECB's Rehn: We should not rule out rate cuts below neutral rate
European Central Bank (ECB) policymaker Olli Rehn said on Monday that underlying inflationary pressures in the Eurozone are easing, per Reuters.
ECB
CentralBanks
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Fxstreet
ECB’s de Guindos: Incoming data suggest modest growth in the first quarter of 2025
European Central Bank Vice President Luis de Guindos told European lawmakers in Brussels on Monday that incoming data suggest that the Eurozone economy grew at a modest pace in the first quarter of 2025, per Reuters.
ECB
CentralBanks
Macroeconomics
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Forex Live
Pakistan defense minister: Military incursion by India is imminent
Says countries should refrain from using nuclear weapons
Politics
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Forex Live
Trump leans into the 51st state rhetoric on Canadian election day
Looks like this talk isn't going away
Politics
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Forex Live
Germany's Merz: I don't not want an open tariff war with the USA
Comments from Merz
Politics
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Forex Live
Bessent: Chinese exemptions show they want a de-escalation on trade
Sign of a thawing?
EUR
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Fxstreet
US Treasury Sec. Bessent: All aspects of government are in contact with China
In an interview with CNBC on Monday, US Treasury Secretary Scott Bessent said that the all aspects of the government are in contact with China, per Reuters.
China
UnitedStates
Macroeconomics
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Forex Live
ForexLive European FX news wrap: Dollar steady, markets wait on more trade developments
Forex news from the European morning session on Apr 28, 2025
Session wrap
Wrap Europe
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Fxstreet
JPY is up slightly – Scotiabank
Japanese Yen (JPY) is entering Monday’s NA session with a marginal gain against the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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Fxstreet
GBP outperforming with marginal gain – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% in quiet trade, outperforming most of the G10 currencies heading into Monday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
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Fxstreet
EUR soft in quiet trade – Scotiabank
Euro (EUR) is soft, entering Monday’s session with a marginal decline against the US Dollar (USD) and underperforming most of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
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Fxstreet
CAD holds near fair value as markets await election outcome – Scotiabank
The Canadian Dollar (CAD) is all but unchanged on the session as the country goes to the polls.
Technical Analysis
Canada
BOC
USDCAD
Banks
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Fxstreet
USD narrowly mixed in quiet trade – Scotiabank
Trading is off to a quiet start in NFP week. Asian and European stocks are mixed to a little firmer but US equity futures are down slightly, while bonds are a tad softer. The US Dollar (USD) itself is mixed.
Technical Analysis
Fed
Banks
DollarIndex
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Forex Live
Putin declares truce for Victory Day May 7-11th
Temporary ceasefire for May public holidays
Politics
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Fxstreet
AUD/USD trades indecisively around 0.6400, US-Aussie data in focus
The AUD/USD pair recovers initial losses and turns flat around 0.6400 during European trading hours on Monday. The Aussie pair trades indecisively as investors await a slew of United States (US) economic and Australian Consumer Price Index (CPI) data, which will be released this week.
AUDUSD
RBA
Fed
Inflation
China
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JPY: Room for further JPY strength even if BoJ expresses more caution – MUFG
The tentative improvement in global investor risk sentiment contributed to the underperformance of the yen over the past week alongside the other traditional safe haven currency of the Swiss franc.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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Fxstreet
USD: Will the nonfarm payrolls report support expectations for Fed cuts? – MUFG
The major currency rates have remained relatively stable overnight following on from last week’s modest rebound for the US dollar.
Technical Analysis
Fed
Banks
DollarIndex
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Fxstreet
US Dollar in quiet Monday with traders looking ahead to US GDP, NFP and geopolitics this week
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is going nowhere this Monday while residing near the 100.00-marker.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
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Fxstreet
Pushing the USD’s limits – DBS
Donald Trump's tariff policies and protectionist agenda pose long-term risks to the US dollar, destabilizing financial markets and eroding trust in American institutions that have supported the dollar’s dominance, DBS' FX analyst Philip Wee notes.
Technical Analysis
Banks
DollarIndex
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Fxstreet
China’s copper stocks see record weekly drop – ING
The latest data from the Shanghai Futures Exchange (SHFE) shows that copper inventories in China fell significantly by 54,858 tonnes for a fifth consecutive week to 116,753 tonnes as of last Friday.
Metals
China
Copper
Commodities
Banks
News Discussion Forum
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Fxstreet
TRY: Reversal all over again – Commerzbank
The situation surrounding the Turkish lira is, once again, deteriorating, Commerzbank's FX analyst Tatha Ghose notes.
Turkey
CBRT
Banks
USDTRY
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Fxstreet
Pound Sterling starts the week on a strong note
The Pound Sterling (GBP) outperforms its peers at the start of the week despite firm expectations that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 4.25% in the policy meeting on May 8.
China
Fed
SEO
BOE
GBPUSD
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Fxstreet
RUB: Not really dovish – Commerzbank
Russia’s central bank (CBR) left its key rate unchanged on Friday as had been unanimously expected.
USDRUB
RussianFederation
CentralBanks
InterestRate
Banks
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Forex Live
Trump sees no red line that would change tariff policy - The Atlantic
This is regarding financial markets behaviour
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Fxstreet
CAD: Canada goes to the polls – ING
Canada holds a general election today; here is our market guide to the vote, ING's FX analyst Francesco Pesole notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
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Forex Live
GBPUSD consolidates around cycle highs as the momentum wanes
The overstretched dollar shorts might be in danger in case we get more positive news on the tariffs front
GBP
USD
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Fxstreet
USD/JPY: Rebound finds resistance – OCBC
Rebound in USD/JPY continued as the Bessent-Kato meeting saw no mention of FX levels. Pair was last at 143.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
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Forex Live
We are still demanding a full removal of US tariffs, says Japan economy minister
Akazawa reaffirms that there is no change to Japan's position in negotiations
Politics
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Fxstreet
European gas prices slide to 9-month lows – ING
In gas, natural gas prices in Europe extended declines for a fourth straight session and fell around 4.9% day-on-day at one point in time to trade below EUR32/MWh (the lowest since July) on Friday, ING's commodity experts Ewa Manthey and Warren Patterson note.
Europe
Energy
Gas
Banks
News Discussion Forum
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Fxstreet
USD: Positioning data shows a split in activity – ING
It's been a quiet start to the week in financial markets, with cross-market levels of volatility falling. There has not been too much tariff-related news over the weekend, although it does seem US consumers could soon start to feel the bite.
Technical Analysis
Banks
DollarIndex
News Discussion Forum
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Fxstreet
Inflation expectations among US consumers – Commerzbank
It is looking less and less likely that the dramatic rise in long-term inflation expectations among US consumers, as measured by the University of Michigan for the second month in a row, is actually a random outlier – a measurement error. Fed Chair Jay Powell recently dismissed it as such.
Fed
UnitedStates
CPI
Inflation
Banks
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