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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
US 30 year Treasury yield rises to 5% for the first time since April
US 30 year Treasury yield rises to 5% for the first time since April
The Moody's downgrade weighed on the bond market but it was already in a downtrend
FX option expiries for May 19 NY cut
FX option expiries for May 19 NY cut
FX option expiries for May 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
Silver Price Forecast: XAG/USD remains below $32.50 despite increased safe-haven demand
Silver Price Forecast: XAG/USD remains below $32.50 despite increased safe-haven demand
Silver price (XAG/USD) extends its losses for the second successive session, trading around $32.30 per troy ounce during the Asian hours on Monday.
Silver
XAGUSD
Macroeconomics
Metals
Commodities
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
EURUSD
Technical Analysis
Majors
Currencies
USD/INR holds losses as US Dollar weakens following Moody's downgrade of US credit rating
USD/INR holds losses as US Dollar weakens following Moody's downgrade of US credit rating
The Indian Rupee (INR) gains ground against the US Dollar (USD) on Monday, with the USD/INR pair halting its five-day winning streak. However, fresh USD demand from importers and ongoing foreign fund outflows continue to weigh on the INR. 
USDINR
India
Asia
Macroeconomics
SEO
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
The NZD/USD pair attracts some dip-buyers during the Asian session on Monday amid a modest US Dollar (USD) weakness, though it seems to struggle to capitalize on the move beyond the 0.5900 mark.
NZDUSD
RiskAversion
Fed
China
Currencies
Japan Tertiary Industry Index for March 15.8% vs -0.9% prior
Japan Tertiary Industry Index for March 15.8% vs -0.9% prior
The Japanese Tertiary Industry Index from METI, 19 May 2025
What are the main events for today?
What are the main events for today?
Fed speakers are the only highlight
market overview
Gold rebounds to near upper end of daily range due to safe-haven demand
Gold rebounds to near upper end of daily range due to safe-haven demand
Gold price (XAU/USD) holds gains after experiencing volatility, trading near the upper end of its daily range around the $3,250 region during the European hours on Monday.
Gold
Commodities
TradeWar
Fed
SEO
China NBS spokesman (more): Will strengthen policy coordination
China NBS spokesman (more): Will strengthen policy coordination
To promote urban renewal and affordable housing construction, for stable and healthy development of real estate market
CNY
China Stock Market
China
CNH