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UK Unemployment Rate ticks up to 4.5% in the quarter to March, as expected
UK Unemployment Rate ticks up to 4.5% in the quarter to March, as expected
The United Kingdom’s (UK) ILO Unemployment Rate edged higher to 4.5% in the three months to March after reporting 4.4% in the quarter to February, data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% reading in the reported period.
UnitedKingdom
Employment
GBPUSD
EconomicIndicator
Eurostoxx futures +0.1% in early European trading
Eurostoxx futures +0.1% in early European trading
A steadier mood while US futures settle down after the strong gains overnight
Stocks
What are the main events for today?
What are the main events for today?
The US CPI is the main 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 Tuesday, early in the European session. WTI trades at $61.53 per barrel, down from Monday’s close at $61.60.
Oil
Commodities
WTI
UK March ILO unemployment rate 4.5% vs 4.5% expected
UK March ILO unemployment rate 4.5% vs 4.5% expected
Latest data released by ONS - 13 May 2025
Tariffs policy can change overnight but supply chains cannot
Tariffs policy can change overnight but supply chains cannot
Here's why even with the US-China deal, it will take months for supply chains to correct themselves
market overview
Change
ECB to stand by past stimulus policies in strategy review – Reuters
ECB to stand by past stimulus policies in strategy review – Reuters
Several European Central Bank (ECB) policymakers told Reuters on Tuesday that the “ECB review will largely endorse past policies, including quantitative easing (QE), despite some policymakers' criticisms.”
CentralBanks
ECB
EURUSD
InterestRate
US will cut "de minimis" tariffs on China shipments from 120% to 54%
US will cut "de minimis" tariffs on China shipments from 120% to 54%
Citing a White House executive order, Reuters reported on Tuesday that the US will cut "de minimis" tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain.
UnitedStates
China
TradeWar
DollarIndex
USD/CHF drops below 0.8450 as US Dollar struggles ahead of inflation data
USD/CHF drops below 0.8450 as US Dollar struggles ahead of inflation data
USD/CHF retreats after posting more than 2% gains in the previous session, trading around 0.8430 during the Asian hours on Tuesday. The pullback comes as the US Dollar (USD) softens, possibly due to a technical correction.
USDCHF
Majors
Macroeconomics
Switzerland
US to reduce de minimis tariff on China shipments from 120% to 54%
US to reduce de minimis tariff on China shipments from 120% to 54%
A minimum flat fee of $100 is to remain though
market overview
GBP/USD jumps to near 1.3200 ahead of UK employment, US CPI releases
GBP/USD jumps to near 1.3200 ahead of UK employment, US CPI releases
The GBP/USD pair climbs to near 1.3195 during the early European session on Tuesday. The Pound Sterling (GBP) edges higher against the Greenback due to positive developments surrounding the US and the UK trade agreement last week.
GBPUSD
Majors
Macroeconomics
India Gold price today: Gold steadies, according to FXStreet data
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
Silver Price Forecast: XAG/USD rises to near $33.00 with developing bullish bias
Silver Price Forecast: XAG/USD rises to near $33.00 with developing bullish bias
Silver price (XAG/USD) is extending its gains for the fourth successive session, trading around $33.00 per troy ounce during the Asian hours on Tuesday. Technical analysis of the daily chart indicates a bullish outlook, as the precious metal continues to trade within an ascending channel pattern.
Silver
XAGUSD
Technical Analysis
Metals
Commodities
Bullish
Goldman Sachs scale back on Fed rate cut projections amid latest tariff developments
Goldman Sachs scale back on Fed rate cut projections amid latest tariff developments
The firm also lowers its probability of a US recession in the next 12 months
FX option expiries for May 13 NY cut
FX option expiries for May 13 NY cut
FX option expiries for May 13 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
EUR/USD maintains position above 1.1100 ahead of US inflation data
EUR/USD maintains position above 1.1100 ahead of US inflation data
EUR/USD opened with a bullish gap on Tuesday during the Asian session, trading near the 1.1110 level after suffering losses of over 2.5% in the previous session. The pair faced challenges as the US Dollar (USD) strengthened on the back of progress in the United States (US)-China trade negotiations.
EURUSD
Majors
Macroeconomics
Eurozone
ECB
UBS sees better growth prospects for China as tariffs impact eases
UBS sees better growth prospects for China as tariffs impact eases
Analysts are now believing that the worst is over on the trade war
China’s Presi. Xi: Tariff and trade wars produce no winners
China’s Presi. Xi: Tariff and trade wars produce no winners
Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.”
China
Macroeconomics
TradeWar
AUDUSD
WTI moves below $61.50, downside seems limited due to easing of US-China trade tensions
WTI moves below $61.50, downside seems limited due to easing of US-China trade tensions
West Texas Intermediate (WTI) Oil price paused its three-day winning streak, trading around $61.40 per barrel during Asian hours on Tuesday. Despite this pullback, Oil prices remain underpinned by optimism following progress in the United States (US)-China trade negotiations.
Oil
WTI
Macroeconomics
Majors
CommunicationServices
Breaking: US CPI inflation declines to 2.3% in April vs. 2.4% forecast
Breaking: US CPI inflation declines to 2.3% in April vs. 2.4% forecast
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.3% on a yearly basis in April from 2.4% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 2.4%.
Breaking
Inflation
UnitedStates
EconomicIndicator
SEO
China  President Xi Jinping says that tariff and trade wars produce no winners
China President Xi Jinping says that tariff and trade wars produce no winners
Warned that acts of bullying and domination will ultimately lead to isolation.
China
USD/INR remains firm ahead of US CPI data
USD/INR remains firm ahead of US CPI data
The Indian Rupee (INR) softens on Tuesday, pressured by the firmer Greenback. Positive indications from the United States and China trade talks lift the US Dollar (USD) and weigh on the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
ICYMI China SASAC calls for advancement of major projects aligned with national priorities
ICYMI China SASAC calls for advancement of major projects aligned with national priorities
China’s State-owned Assets Supervision and Administration Commission (SASAC)
China
USD/JPY falls below 148.00 despite persistent uncertainty over BoJ’s policy outlook
USD/JPY falls below 148.00 despite persistent uncertainty over BoJ’s policy outlook
USD/JPY pulls back after registering more than 2% gains in the previous session, trading around 147.90 during the Asian hours on Tuesday. The pair depreciates as the Japanese Yen (JPY) gains ground despite a persistent uncertainty over the Bank of Japan’s (BoJ) interest rate outlook.
USDJPY
Majors
Macroeconomics
Japan
BOJ
China is building megaports in South America to feed its need for crops
China is building megaports in South America to feed its need for crops
Wall Street Journal report - China is investing in South American infrastructure to secure agricultural imports.
China
BoJ’s Uchida: There are both upside, downside risks from US tariffs on Japan’s prices
BoJ’s Uchida: There are both upside, downside risks from US tariffs on Japan’s prices
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Tuesday that “there are both upside, downside risks from US tariffs on Japan’s prices.”
BOJ
USDJPY
CentralBanks
Inflation
Japan’s Kato: Hope to have a meeting with US Treasury Sec. Bessent to discuss forex
Japan’s Kato: Hope to have a meeting with US Treasury Sec. Bessent to discuss forex
Japanese Finance Minister Katsunobu Kato said on Tuesday that “if have a chance, hope to have a meeting with US Treasury Secretary Scott Bessent to discuss forex.”
Japan
USDJPY
UnitedStates
TradeWar
Australian April business confidence -1 (prior -4)
Australian April business confidence -1 (prior -4)
National Australia Bank business survey for April 2025
Australian Dollar remains stronger as US Dollar holds losses ahead of CPI inflation data
Australian Dollar remains stronger as US Dollar holds losses ahead of CPI inflation data
The Australian Dollar (AUD) has recovered its recent losses against the US Dollar (USD) for a second consecutive session on Tuesday.
AUDUSD
SEO
Majors
Macroeconomics
Australia
PBOC sets USD/CNY reference rate at 7.1991 vs. 7.2066 previous
PBOC sets USD/CNY reference rate at 7.1991 vs. 7.2066 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1991 as compared to Monday's fix of 7.2066 and 7.2180 Reuters estimate.
USDCNY
Exchanges
PBOC
Intermarket
Gold price edges lower as US, China agree to reduce tariffs, eyes on US CPI data
Gold price edges lower as US, China agree to reduce tariffs, eyes on US CPI data
The Gold price (XAU/USD) edges lower to around $3,235 during the early Asian session on Tuesday. The precious metal remains on the defensive due to a stronger US Dollar (USD), higher US yields, and optimism on the US-China trade deal.
Gold
XAUUSD
Macroeconomics
Commodities
Japan finance minister Kato wants to discuss FX with Bessent
Japan finance minister Kato wants to discuss FX with Bessent
A transparent attempt here from Kato to verbally intervene in the slumping yen
US Trade Rep. Greer: If things don’t work out, China tariffs can go back up
US Trade Rep. Greer: If things don’t work out, China tariffs can go back up
US Trade Representative Jamieson Greer said late Monday that China has agreed to remove countermeasures. However, if things don’t work out, China tariffs can go back up.
UnitedStates
China
TradeWar
Macroeconomics
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
The NZD/USD pair trades in positive territory around 0.5865 during the Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the US and China announced a trade deal, easing fears of a trade war between the world’s two largest economies.
NZDUSD
Macroeconomics
Majors
BoJ Summary of Opinions: Member says uncertainty surrounding economy, price outlook is high
BoJ Summary of Opinions: Member says uncertainty surrounding economy, price outlook is high
The Bank of Japan (BoJ) published the Summary of Opinions from the monetary policy meeting on April 30 and May 1, 2025, with the key findings noted below.   
BOJ
Macroeconomics
China’s foreign minister meets Brazil counterpart in Beijing
China’s foreign minister meets Brazil counterpart in Beijing
It makes sense that China will be using the tariff pause to shore up trade deals with other countries - meeting with Brazil now
China
EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead
EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead
EUR/USD took a hard step lower on Monday, kicking off the new trading week with a fresh dip below 1.1000 before a late recovery pushed the pair back toward 1.1100.
EURUSD
TradeWar
CPI
Inflation
GDP