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Fed's Bostic: Inflation not moving to target as fast as anticipated
Fed's Bostic: Inflation not moving to target as fast as anticipated
In an interview with CNBC on Monday, Atlanta Federal Reserve (Fed) President Raphael Bostic said that inflation is not moving to target as fast as anticipated and reiterated that he leans toward only one rate cut this year because it will take time to understand the impact of tariffs, per Reuters.
Fed
CentralBanks
China: April activity overshadowed by tariff war – Standard Chartered
China: April activity overshadowed by tariff war – Standard Chartered
Activity data points to softening momentum from Q1, but industrial production has held up. Frontloaded exports and macro policy implementation to continue to support growth in Q2. Property market remains the key drag for the domestic economy.
China
Banks
Growth
Macroeconomics
GDP
USD/JPY tumbles below 145.00 as Moody’s downgrade weighs on the US Dollar
USD/JPY tumbles below 145.00 as Moody’s downgrade weighs on the US Dollar
The Japanese Yen (JPY) extends its winning streak against the US Dollar (USD) into a fifth consecutive day on Monday, with USD/JPY falling below the 145.00 psychological mark to trade near 144.70 during the European session, driven by broad-based USD weakness and fresh hawkish signals from the Bank
USDJPY
BOJ
Fed
Fundamental Analysis
InterestRate
UK Government releases further details of EU reset deal
UK Government releases further details of EU reset deal
Discussion on details of each commitment will continue
USD: Moodys follows eventually with downgrade – MUFG
USD: Moodys follows eventually with downgrade – MUFG
The US Dollar (USD) is softer and longer-term yields are higher with the S&P future down 1.0% suggesting the potential for a day of triple selling of US assets that is being driven by the decision of Moodys to downgrade the sovereign rating of the US from the top Aaa rating to Aa1.
DollarIndex
Banks
Technical Analysis
Fed
FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments
FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments
The Federal Reserve (Fed) left the interest rate unchanged at 4.25%–4.50% following the May policy meeting, as widely anticipated. In the policy statement, the Fed noted that the economic outlook uncertainty has increased further.
Fed
DollarIndex
AUD/USD Price Forecast: Jumps to near 0.6450 on US downgrade
AUD/USD Price Forecast: Jumps to near 0.6450 on US downgrade
The AUD/USD pair gains sharply to near 0.6450 during European trading hours on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms after Moody’s downgraded the United States (US) Sovereign credit rating to Aa1 from Aaa in the wake of mounting debt levels.
AUDUSD
UnitedStates
Australia
China
DollarIndex
USD/CNH: Expected to trade in a sideways range of 7.1990/7.2190 – UOB Group
USD/CNH: Expected to trade in a sideways range of 7.1990/7.2190 – UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.1990/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/CNH holds below key resistance – BBH
USD/CNH holds below key resistance – BBH
The Chinese yuan remains under pressure as April’s economic data came in softer than expected, reinforcing calls for further policy support to sustain growth, BBH FX analysts report.
Banks
China
USDCNH
USDCNY
PBOC
The USD is not the only one having a rough day as Bitcoin erased all the weekend gains
The USD is not the only one having a rough day as Bitcoin erased all the weekend gains
The odd weekend gains got wiped out as Bitcoin remains vulnerable to risk-off flows
USD/JPY: Major support at 144.50 is unlikely to come under threat – UOB Group
USD/JPY: Major support at 144.50 is unlikely to come under threat – UOB Group
US Dollar (USD) could drop below 144.90 against Japanese Yen (JPY); the major support at 144.50 is unlikely to come under threat. In the longer run, USD remains in consolidation, but likely within a tighter range of 144.50/147.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Banks
Technical Analysis
China: April data show hit from trade war pre-Geneva – ABN AMRO
China: April data show hit from trade war pre-Geneva – ABN AMRO
April data confirm hit from trade war escalation last month. Growth momentum expected to pick up again following Geneva truce, but uncertainty remains, ABN AMRO's economist Arjen van Dijkhuizen reports.
China
Banks
Growth
Who has to pay the US tariffs? – Commerzbank
Who has to pay the US tariffs? – Commerzbank
Economics normally suffers from a painful deficiency: unlike biologists, physicists, psychologists, and other scientists, economists are generally unable to conduct experiments.
Banks
DollarIndex
ECB
Politics
UnitedStates
NZD/USD: Expected to edge higher and test 0.5920 – UOB Group
NZD/USD: Expected to edge higher and test 0.5920 – UOB Group
There has been a tentative buildup in upward momentum; NZD is expected to edge higher and test 0.5920. In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
USD: Dollar stays soft post Moody's downgrade – ING
USD: Dollar stays soft post Moody's downgrade – ING
Late on Friday, the rating agency Moody's downgraded the US sovereign rating one notch to Aa1, having had the US on a negative outlook for a year, ING's FX analyst Chris Turner notes.
DollarIndex
Banks
Technical Analysis
EUR/USD surges as US credit downgrade batters US Dollar
EUR/USD surges as US credit downgrade batters US Dollar
EUR/USD trades 0.85% higher to near 1.1290 during North American trading hours on Monday. The major currency pair strengthens as the US Dollar (USD) underperforms its peers due to erosion in the United States (US) Sovereign Credit Rating.
EURUSD
ECB
Fed
DollarIndex
SEO
AUD/USD: Upward momentum is still slowing – UOB Group
AUD/USD: Upward momentum is still slowing – UOB Group
A breach of 0.6370 would mean that the current price movements are part of a range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
AUD: RBA set to cut 25bp early Tuesday – ING
AUD: RBA set to cut 25bp early Tuesday – ING
The Reserve Bank of Australia is widely expected to cut rates tomorrow morning (06.30 CET), ING's FX analyst Francesco Pesole notes.
AUDUSD
Banks
Technical Analysis
RBA
Gold unable to break above key resistance level at $3,245 despite surging uncertainties
Gold unable to break above key resistance level at $3,245 despite surging uncertainties
Gold (XAU/USD) edges higher, trading over 1% on Monday and hits $3,240 at the time of writing, while traders mull three main elements this Monday. Tensions are brewing in the Middle East with Israel embarking on another massive ground offensive.
Gold
Commodities
UnitedStates
SEO
TradeWar
Oil: Speculators buy Brent – ING
Oil: Speculators buy Brent – ING
The Oil market managed a second consecutive week of gains, driven largely by tariff de-escalation. However, the market is in limbo this morning as it weighs what impact, if any, the US credit downgrade by Moody’s Investors Service will have on Oil.
Oil
Banks
Energy
Brent
RBA: Will it or won't it? – Commerzbank
RBA: Will it or won't it? – Commerzbank
Tomorrow morning, the Reserve Bank of Australia (RBA) will decide on its key interest rate. The market is pricing in a rate cut of 25 basis points to 3.85%.
Banks
RBA
Australia
InterestRate
AUDUSD
EUR: Politics is a positive – ING
EUR: Politics is a positive – ING
Not that it is normally a big driver of the euro exchange rate, but the outcome of the Romanian presidential election will be welcome news in Brussels as it prevents a further splintering of the bloc, ING's FX analyst Chris Turner notes.
Banks
EURUSD
Technical Analysis
EUR/USD: Likely to consolidate between 1.1100 and 1.1290 – UOB Group
EUR/USD: Likely to consolidate between 1.1100 and 1.1290 – UOB Group
Euro (EUR) is expected to trade with an upward bias; any advance is likely limited to a test of 1.1225. 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
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Commodities
Metals
EURUSD is back at the key resistance but unlikely to break through today
EURUSD is back at the key resistance but unlikely to break through today
The EURUSD pair erased all last week's losses as it's testing the key resistance zone again
China: Economy stays resilient in April – UOB Group
China: Economy stays resilient in April – UOB Group
China’s economy remained resilient in Apr even as US’ reciprocal and tit-for-tat tariffs kicked in.
Banks
China
Growth
GDP
Kremlin: Putin, Trump to hold phone call at 17:00 Moscow time on Monday
Kremlin: Putin, Trump to hold phone call at 17:00 Moscow time on Monday
Update from RIA Novosti. This is at 14:00 GMT or 10:00 ET.
Eurozone April final CPI +2.2% vs +2.2% y/y prelim
Eurozone April final CPI +2.2% vs +2.2% y/y prelim
Latest data released by Eurostat - 19 May 2025
USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is losing ground after registering gains in the previous session, trading around 1.3950 during the European hours on Monday. The daily chart's technical analysis suggested a sustained bullish sentiment, as the pair continues to trade within the ascending channel pattern.
USDCAD
Technical Analysis
Majors
Pound Sterling strengthens ahead of UK CPI data
Pound Sterling strengthens ahead of UK CPI data
The Pound Sterling (GBP) trades higher against its major peers at the start of the week. The British currency moves higher ahead of the European Union (EU)-United Kingdom (UK) trade summit in London on Monday.
GBPUSD
Fed
BOE
Europe
SEO
US Dollar Index falls below 100.50 following Moody’s downgrade of US credit rating
US Dollar Index falls below 100.50 following Moody’s downgrade of US credit rating
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, has retraced its recent gains from the previous session and is trading around 100.40 during the Asian hours on Monday.
DollarIndex
UnitedStates
Fed
Macroeconomics
Majors
The US Dollar under pressure again to start the session
The US Dollar under pressure again to start the session
Everyone's blaming the Moody's downgrade for the greenback's weakness
Market Outlook for the week of 19th - 23rd May
Market Outlook for the week of 19th - 23rd May
Highlights of the week include the U.K., Canadian and Japanese inflation data, and the RBA monetary policy announcement
JPY
AUD
CAD
European equities slightly lower at the open
European equities slightly lower at the open
Slight weakness influenced by the Moody's downgrade of the US rating
Forex Today: Markets turn risk-averse to start week
Forex Today: Markets turn risk-averse to start week
Here is what you need to know on Monday, May 19:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
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 Monday, early in the European session. WTI trades at $61.57 per barrel, down from Friday’s close at $61.92.
Oil
WTI
Commodities
EU and UK said to reach outline deal to strengthen ties
EU and UK said to reach outline deal to strengthen ties
This looks like a breakthrough in the new EU-UK deal
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF is retreating from gains made in the previous session, trading near 0.8360 during Asian hours on Monday. The decline follows a surprise downgrade of the US government's credit rating, which sparked renewed selling in the US fixed income market.
USDCHF
Macroeconomics
Majors
Switzerland