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USD/JPY: Near term rebound; sell rallies preferred – OCBC
USD/JPY: Near term rebound; sell rallies preferred – OCBC
USD/JPY rebounded amid chatters of USD short covering, month-end flows. Pair was last at 144.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
NZD: Hawkish RBNZ cut lifts Kiwi dollar prospects – ING
NZD: Hawkish RBNZ cut lifts Kiwi dollar prospects – ING
The Reserve Bank of New Zealand cut rates by 25bp to 3.25% as widely expected this morning, although the overall message was more hawkish than expected, ING's FX analyst Francesco Pesole notes.
NZDUSD
Technical Analysis
Banks
RBNZ
DXY: FOMC minutes, core PCE this week – OCBC
DXY: FOMC minutes, core PCE this week – OCBC
US Dollar (USD) rebounded from lower grounds, owing to upside surprise from US consumer confidence and progress with EU-US trade talks. DXY was last at 99.56 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
USD: Data and Trump help the dollar – ING
USD: Data and Trump help the dollar – ING
Yesterday, we noted that the dollar needed some positive data surprises to regain firmer footing, and May’s consumer confidence figures delivered.
DollarIndex
Banks
Technical Analysis
Fed
European Gas rally pauses amid Norwegian outages – ING
European Gas rally pauses amid Norwegian outages – ING
The rally in European natural gas took a breather yesterday, with the Title Transfer Facility (TTF) settling 0.66% lower on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Europe
Energy
Banks
NZD/USD recovery loses steam at 0.5980
NZD/USD recovery loses steam at 0.5980
The New Zealand Dollar is paring some losses on Wednesday after having lost more than 1% on Tuesday. A hawkish RBNZ statement has provided some support to the Kiwi, but the overall USD strength is limiting upside attempts.The bank trimmed rates by 0.25% earlier today, to 3.25% as widely expected.
NZDUSD
RBNZ
Currencies
SEK softens despite EU optimism – ING
SEK softens despite EU optimism – ING
The Swedish krona has started the week on the softer side against the Euro, ING's FX analyst Francesco Pesole notes
Banks
EURSEK
Riksbank
EUR/USD: Rising wedge on the charts – OCBC
EUR/USD: Rising wedge on the charts – OCBC
Euro (EUR) fell on softer than expected French CPI, signs of progress on EU-US trade talks and broad US Dollar (USD) short covering. Pair was last at 1.1321, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 – UOB Group
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 – UOB Group
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
Oil: Sanction risks grow – ING
Oil: Sanction risks grow – ING
Crude oil prices came under pressure yesterday, with USD strength providing some headwinds for the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Banks
Commodities
Energy
WTI
EUR: 1.13 remains the anchor – ING
EUR: 1.13 remains the anchor – ING
The euro has held up better than most G10 currencies, helped by positive headlines about EU-US trade negotiations, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.
DollarIndex
Majors
Macroeconomics
Fed
UnitedStates
EUR/USD hesitates above 1.1300 with all eyes on the FOMC Minutes
EUR/USD hesitates above 1.1300 with all eyes on the FOMC Minutes
EUR/USD has regained lost ground during Wednesday's European session.
EURUSD
Technical Analysis
SEO
Currencies
GBP/JPY Price Forecast: Sees more upside above 196.50
GBP/JPY Price Forecast: Sees more upside above 196.50
The GBP/JPY pair corrects to near 194.50 during European trading hours on Wednesday after refreshing an almost two-week high around 195.60 the previous day. The pair faces selling pressure as the Pound Sterling (GBP) underperforms after a strong run-up in the past few trading days.
GBPJPY
BOJ
BOE
UnitedKingdom
Japan
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
West Texas Intermediate (WTI) Oil price edges higher after registering losses in the previous session, trading around $61.10 per barrel during the European hours on Wednesday.
Oil
WTI
Macroeconomics
Commodities
Majors
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Wednesday that Eurozone inflation is likely to trend higher for the year ahead in April.
Inflation
Eurozone
EconomicIndicator
EURUSD
Germany May unemployment change 34k vs 10k expected
Germany May unemployment change 34k vs 10k expected
Latest data released by the Federal Employment Agency - 28 May 2025
Pound Sterling extends losses against US Dollar as trade concerns ease
Pound Sterling extends losses against US Dollar as trade concerns ease
The Pound Sterling (GBP) extends its correction to near 1.3460 against the US Dollar (USD) during European trading hours on Wednesday.
GBPUSD
BOE
Fed
DollarIndex
SEO
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Here is what you need to know on Wednesday, May 28:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump's decision to delay tariff
Silver
XAGUSD
DollarIndex
Commodities
European indices open lightly changed to start the day
European indices open lightly changed to start the day
A more tentative mood as we get things going on the session
EUR/GBP holds below 0.8400 ahead of German employment data
EUR/GBP holds below 0.8400 ahead of German employment data
The EUR/GBP cross trades with mild gains around 0.8390 during the early European session on Wednesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) amid the de-escalation of trade tensions between the European Union (EU) and the United States (US).
EURGBP
Crosses
Macroeconomics
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
France Q1 final GDP +0.1% vs +0.1% q/q prelim
France Q1 final GDP +0.1% vs +0.1% q/q prelim
Latest data released by INSEE - 28 May 2025
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A more tepid tone after the slight advance yesterday
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.92 per barrel, up from Tuesday’s close at $60.89.
Oil
WTI
Commodities
Bullish
Germany April import prices -1.7% vs -1.4% m/m expected
Germany April import prices -1.7% vs -1.4% m/m expected
Latest data released by Destatis - 28 May 2025
What are the main events for today?
What are the main events for today?
We have only low tier releases today culminating with the FOMC Meeting Minutes
market overview
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
The USD/CHF pair gains ground to near 0.8285 during the early European session on Wednesday. Better-than-expected US Consumer Confidence data and improved risk sentiment provide some support to the US Dollar (USD).
USDCHF
Majors
Macroeconomics
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
The USD/CAD pair is seen prolonging this week's goodish recovery move from the 1.3685 area, or its lowest level since October 2024, for the third consecutive day on Wednesday.
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY halts its two-day winning streak, trading around 163.30 during the Asian hours on Wednesday. The weakening of a bullish bias appears as the currency cross remains slightly below the lower boundary of the ascending channel, as suggested by the technical analysis of the daily chart.
EURJPY
Crosses
Technical Analysis
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains positive traction for the second consecutive day on Wednesday and moves further away from the monthly low touched earlier this week.
DollarIndex
Recession
Fed
FiscalPolicy
Currencies
Bullish
Japan autos facing big impact from US tariffs, says Akazawa
Japan autos facing big impact from US tariffs, says Akazawa
Akazawa speaks in parliament before making a trip to Washington later in the week
Politics
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price (XAU/USD) looks to build on modest intraday gains and climbs to a fresh daily peak, around the $3,323-3,324 area during the first half of the European session.
Gold
Commodities
FiscalPolicy
Fed
SEO
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD recovers its recent losses from the previous session, trading around 0.5970 during the Asian hours on Wednesday. The pair appreciates as the New Zealand Dollar (NZD) gains ground following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
NZDUSD
Macroeconomics
Majors
NewZealand
RBNZ
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
India
Metals
GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550
GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550
The GBP/USD pair attracts some sellers to around 1.3480 during the Asian trading hours on Wednesday. The Greenback strengthens against the Pound Sterling (GBP) on the encouraging economic signs in the United States (US). 
GBPUSD
Majors
Technical Analysis
Bullish
EUR/USD falls toward 1.1300 as bond market optimism outweighs impact of US-EU tariff delay
EUR/USD falls toward 1.1300 as bond market optimism outweighs impact of US-EU tariff delay
EUR/USD continues its losses for the second successive day, trading around 1.1310 during the Asian hours on Wednesday.
EURUSD
Majors
Macroeconomics
Eurozone
ForexLive Asia-Pacific FX news wrap: RBNZ 25bp rate cut, with a dissent
ForexLive Asia-Pacific FX news wrap: RBNZ 25bp rate cut, with a dissent
Forex news for Asian trading on Wednesday, May 28, 2025
Session wrap
Wrap Asia