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WTI declines below $61.50 amid hopes of US-Iran nuclear deal
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.
Oil
WTI
Commodities
Macroeconomics
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Kato is really banging the drum on meeting Bessent - the two will be in Canada next week (May 20-22) for the G7 fin min meeting
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Finance Minister Shunichi Kato said on Friday that he would seek to meet US reasury Secretary Scott Bessent to discuss foreign exchange. Kato added that excessive FX moves damage the Japanese economy.
Japan
UnitedStates
TradeWar
Macroeconomics
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
The Japanese economy contracted by 0.2% over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.
Japan
GDP
Macroeconomics
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japanese economic (contraction!) growth data for Q1 2025 - very poor result this
Japan finance minister Kato says will discuss FX with Bessent
Japan finance minister Kato says will discuss FX with Bessent
The two will be at the G7 finance ministers/central bankers summit on May 20-22 in Canada
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).
UnitedStates
China
TradeWar
Macroeconomics
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.
EURUSD
Inflation
GDP
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD turned lower on Thursday, shaving off a few points and keeping bids stuck to a near-term consolidation range just south of 1.3300 as markets got more or less what they wanted from economic data releases during both the London and American market sessions.
GBPUSD
Inflation
GDP
USD/CAD loses ground to near 1.3950 on weak US economic data
USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.
USDCAD
Majors
Macroeconomics
FT: Trump administration split on timing of adding Chinese chipmakers to export blacklist
FT: Trump administration split on timing of adding Chinese chipmakers to export blacklist
"Some US officials fear the move could jeopardise trade talks with Beijing"
China
USD
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Thursday after the Banco de Mexico (Banxico) reduced rates as expected, amid weaker-than-expected economic data from the United States (US). At the time of writing, the USD/MXN trades at 19.49, up 0.61%.
USDMXN
Banxico
Mexico
Macroeconomics
SEO
AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals
AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals
The AUD/NZD pair remained stable around the 1.0900 zone on Thursday, reflecting a cautiously bullish tone as the market heads into the Asian session.
Crosses
Currencies
Technical Analysis
Australia
AUDNZD
AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data
AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data
The AUD/USD pair is trading near the 0.6400 zone, retreating from earlier highs as the US Dollar regains strength.
AUDUSD
Currencies
Majors
Technical Analysis
NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session
NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session
The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session.
Crosses
Technical Analysis
Currencies
NZDJPY
Forexlive Americas FX news wrap: Dip in PPI pulls down USD/JPY
Forexlive Americas FX news wrap: Dip in PPI pulls down USD/JPY
Forex news for North American trading on May 15, 2025
Session wrap
Wrap Nth America
JP Morgan CEO Dimon says US recession risks remain high amid deficits and inflation
JP Morgan CEO Dimon says US recession risks remain high amid deficits and inflation
Dimon says a U.S. recession is still a live risk: .“I wouldn’t take it off the table at this point,”
Bonds
SPX
USD
White House announces slew of "new" deals across AI and energy sectors
White House announces slew of "new" deals across AI and energy sectors
Staff from the Trump administration have been hard at work on Thursday, pushing a raft of announcements on a wide range of investment projects with the United Arab Emirates (UAE) that President Trump has been pursuing hard since taking office in January.
UnitedStates
UnitedArabEmirates
Politics
Gold price skyrockets on soft US data, falling US yields and geopolitical jitters
Gold price skyrockets on soft US data, falling US yields and geopolitical jitters
Gold price rallied sharply on Thursday after hitting a weekly low of $3,120, posting solid gains of over 1.40%, boosted by broad US Dollar weakness due to a nifty Producer Price Index (PPI) report in the United States (US).
Gold
XAUUSD
Fundamental Analysis
Fed
SEO
NZD/USD dips as cautious Fed tone and weak NZ backdrop pressure pair
NZD/USD dips as cautious Fed tone and weak NZ backdrop pressure pair
The NZD/USD is trading around the 0.5900 level on Thursday, facing renewed pressure amid cautious investor sentiment and diverging macroeconomic signals.
NZDUSD
Currencies
Majors
Banxico cuts rates by 50 basis points as expected, to 8.50%
Banxico cuts rates by 50 basis points as expected, to 8.50%
On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 basis points from 9% to 8.50% on a unanimous vote.
Mexico
USDMXN
InterestRate
Banxico
Forex Today: US, Japan data gathers attention
Forex Today: US, Japan data gathers attention
The US Dollar resumed its downward trajectory on Thursday, weighed by another soft inflation print—this time from Producer Prices—and a mixed batch of US economic data.
DollarIndex
UnitedStates
Japan
Currencies
GBP/JPY slides as Yen firms on risk aversion with Japan GDP in focus
GBP/JPY slides as Yen firms on risk aversion with Japan GDP in focus
GBP/JPY is under pressure on Thursday as safe-haven demand drives renewed strength in the Japanese Yen (JPY).
GBPJPY
GDP
Fundamental Analysis
BOJ
Crosses
Canadian Dollar middles as Loonie flows get pulled in both directions
Canadian Dollar middles as Loonie flows get pulled in both directions
The Canadian Dollar (CAD) went nowhere fast on Thursday, with the Loonie struggling to find momentum on either side.
USDCAD
SEO
Inflation
Fed's Barr: The US economy is on solid footing, though trade policies cloud the outlook
Fed's Barr: The US economy is on solid footing, though trade policies cloud the outlook
Federal Reserve (Fed) Board of Governors member Michael Barr spoke at the New York Fed's Small Business Credit Symposium on Thursday, noting that although the United States (US) economy is maintaining a solid stance according to the data, dark clouds caused by the Trump adminsitration's lopsided tra
Fed
TradeWar
UnitedStates
WTI Crude consolidates near $61 after sharp drop, pressured by rising stockpiles and Iran outlook
WTI Crude consolidates near $61 after sharp drop, pressured by rising stockpiles and Iran outlook
West Texas Intermediate (WTI) Oil remains under pressure on Thursday, trading near $61.20 during the American session after declining for a second straight day. The commodity briefly fell over 3% earlier in the day before finding near-term support at the $60.00 psychological level.
WTI
Oil
OPEC
US Dollar dips after mixed US data fails to lift sentiment
US Dollar dips after mixed US data fails to lift sentiment
The US Dollar Index (DXY), which tracks the Greenback against a basket of major currencies, is trading just under 101.00 on Thursday after key US economic data releases offered little upside momentum.
DollarIndex
Currencies
SEO
Dow Jones Industrial Average follows equity markets higher after PPI inflation beat
Dow Jones Industrial Average follows equity markets higher after PPI inflation beat
The Dow Jones Industrial Average (DJIA) pared early-week losses and rose about 250 points on Thursday. Equities were bolstered by a better-than-expected Producer Price Index (PPI) inflation print that showed upstream inflation effects are still cooling at a faster rate than initially expected.
DowJones
Equities
SEO
Inflation
PPI
USD/JPY weakens as soft US data and dovish Fed tone bolster Yen demand
USD/JPY weakens as soft US data and dovish Fed tone bolster Yen demand
The Japanese Yen (JPY) is gaining ground against the US Dollar (USD) in Thursday’s US session, with USD/JPY extending its downward trajectory amid sustained pressure on the Greenback. 
USDJPY
Majors
Currencies
Macroeconomics
Fundamental Analysis