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What drives the repricing in interest rates expectations is key for the market
What drives the repricing in interest rates expectations is key for the market
The two main drivers of the repricing are growth and inflation. It's important to distinguish the main driver of the repricing because you can have different outcomes.
market overview
USD: Dovish momentum re-emerging – ING
USD: Dovish momentum re-emerging – ING
This week’s data flow has been quite dovish for the Federal Reserve. After the soft April CPI, PPI dropped by 0.5% month-on-month, against expectations of a 0.2% rise, with significant upward revisions for March data.
DollarIndex
Banks
Technical Analysis
Fed
Gold slides 2% lower with peace talks in Turkey going ahead
Gold slides 2% lower with peace talks in Turkey going ahead
Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday while multiple questions and concerns arise in markets and amongst traders.
Gold
Commodities
UnitedStates
SEO
TradeWar
EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group
EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group
Euro (EUR) is expected to continue to range trade, likely between 1.1145 and 1.1235. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
South Korea says there is possibility trade deal might come after 8 July deadline
South Korea says there is possibility trade deal might come after 8 July deadline
Further remarks by South Korea's trade chief Ahn Duk-geun
Politics
EUR: Tied to 1.12, but looking up – ING
EUR: Tied to 1.12, but looking up – ING
The Euro (EUR) has been only marginally impacted by domestic news this week. 1Q growth was revised a touch lower from 0.4% to 0.3% yesterday, although March industrial production figures were stronger than expected, ING's FX analyst Francesco Pesole notes
Banks
EURUSD
Technical Analysis
President Trump: US officials will send letters out soon to countries for trade deals
President Trump: US officials will send letters out soon to countries for trade deals
Speaking in Abu Dhabi on Friday, US President Donald Trump said that “his official will will send letters out soon to countries for trade deals.”
UnitedStates
China
TradeWar
DollarIndex
Fed’s Bostic sees just one rate cuts this year amid uncertainty
Fed’s Bostic sees just one rate cuts this year amid uncertainty
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Friday that he “sees just one rate cuts this year amid uncertainty.”
Fed
DollarIndex
InterestRate
CentralBanks
Fed's Bostic sees just one rate cuts this year amid uncertainty
Fed's Bostic sees just one rate cuts this year amid uncertainty
Comments from the Fed policymaker, Raphael Bostic
Forex Today: Market focus shifts to US consumer sentiment data
Forex Today: Market focus shifts to US consumer sentiment data
Here is what you need to know on Friday, May 16:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Italy April final CPI +1.9% vs +2.0% y/y prelim
Italy April final CPI +1.9% vs +2.0% y/y prelim
Latest data released by Istat - 16 May 2025
Pound Sterling weakens against USD even as Michigan Sentiment data slides again
Pound Sterling weakens against USD even as Michigan Sentiment data slides again
The Pound Sterling (GBP) turns upside down below 1.3330 against the US Dollar (USD) in Friday’s North American session.
GBPUSD
Fed
BOE
Inflation
SEO
US-China trade truce should be extended, says Global Times
US-China trade truce should be extended, says Global Times
The state-owned media outlet says that 90 days might not be enough to produce anything meaningful
Politics
WTI falls to near $61.00, weekly gains capped by global oversupply concerns
WTI falls to near $61.00, weekly gains capped by global oversupply concerns
West Texas Intermediate (WTI) Oil price continues its losing streak for the third successive session, trading around 61.10 per barrel during the early European hours on Friday.
Oil
WTI
Macroeconomics
Commodities
Majors
European indices slightly higher at the open in final stretch of the week
European indices slightly higher at the open in final stretch of the week
It's been a positive week overall, largely thanks to the Monday jump
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.92, with the EUR/INR pair rising from its previous close at 95.69.
USDINR
Currencies
EmergingMarkets
Macroeconomics
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY remains subdued around 93.20 during Asian trading hours on Friday, extending its losses for the third successive session. The currency cross has given up its daily gains as the Japanese Yen (JPY) appreciates despite weaker domestic data.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
The GBP/JPY cross extends its downside to near 193.40 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Pound Sterling (GBP) despite Japan’s disappointing GDP report. 
GBPJPY
Crosses
Macroeconomics
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $959.22 a troy ounce, with the XPD/USD pair easing from its previous close at $964.05.
Metals
Commodities
Palladium
What are the main events for today?
What are the main events for today?
The US University of Michigan Consumer Sentiment report is the only highlight
market overview
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.14 per barrel, down from Thursday’s close at $61.24.
Oil
Commodities
WTI
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP is rebounding from recent losses, trading near 0.8420 during Friday’s Asian session.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
One key chart to watch out for in the months ahead
One key chart to watch out for in the months ahead
As US-China tariffs are reduced for the time being, what's the potential impact?
market overview
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
The USD/CAD pair attracts some sellers for the second straight day on Friday, though it remains confined in a range held since the beginning of this week. Spot prices currently trade just below mid-1.3900s, down over 0.10% for the day amid a combination of negative factors.
USDCAD
Fed
Technical Analysis
Majors
Currencies
USD/CHF extends downside below 0.8350 on soft inflation reports
USD/CHF extends downside below 0.8350 on soft inflation reports
The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.
USDCHF
Majors
Macroeconomics
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
USDCAD
ECB’s Kazaks: Meeting-by-meeting approach is right
ECB’s Kazaks: Meeting-by-meeting approach is right
European Central Bank (ECB) policymaker Martins Kazaks said on Friday that “meeting-by-meeting approach is right.”
CentralBanks
ECB
EURUSD
InterestRate
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.
EURJPY
Crosses
Technical Analysis
Oil traders: Watch Potential U.S. sanctions Against Russia
Oil traders: Watch Potential U.S. sanctions Against Russia
Should sanctions be enacted, markets can expect volatility in oil prices.
Oil
Politics
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that “we are not currently in a currency war but rather a trade war situation.”
ECB
CentralBanks
EURUSD
InterestRate
China’s Vice President Han: There is ample room for collaboration between US and China
China’s Vice President Han: There is ample room for collaboration between US and China
China's Vice President Han Zheng said on Friday that “there is ample room for collaboration between the US and China.”
China
UnitedStates
TradeWar
DollarIndex
China vice president Han says there is ample room for collaboration between US and China
China vice president Han says there is ample room for collaboration between US and China
The remarks come via state media after China vice president, Han Zheng, met with Invesco chairman, Rick Wagoner
Politics
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.
DollarIndex
Technical Analysis
Currencies
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 Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year.
GBPUSD
Majors
Macroeconomics