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AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
Slight increase in momentum suggests Australian Dollar (AUD) could test 0.6350 against US Dollar (USD); the major support at 0.6330 is unlikely to come under threat.
AUDUSD
Technical Analysis
Banks
CNY: Still facing the threat of deflation – Commerzbank
CNY: Still facing the threat of deflation – Commerzbank
The latest inflation figures were published in China over the weekend, reporting on price developments in April. Consumer prices rose by 0.1% month-on-month, but the annual price change remained negative for the third consecutive month at -0.1%.
China
Banks
USDCNY
PBOC
USDCNH
GBP: Holding onto gains – ING
GBP: Holding onto gains – ING
Today's UK labour market data has had no discernible impact on Pound Sterling (GBP), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
UnitedKingdom
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
JPY: A sound investment – Commerzbank
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.
Banks
Japan
USDJPY
BOJ
Technical Analysis
USD: April CPI print should keep the dollar supported – ING
USD: April CPI print should keep the dollar supported – ING
FX markets are settling down after a lively Monday. It made sense for the Japanese yen and Swiss franc to sell off the hardest as Washington policy was re-appraised.
DollarIndex
Banks
Technical Analysis
Fed
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets “should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve.”
BOE
GBPUSD
CentralBanks
InterestRate
Inflation
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Most recent article: Silver price today: Silver falls, according to FXStreet data
Silver
Commodities
Metals
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.
GBPUSD
Banks
Technical Analysis
US-China Trade: Stepping back from the brink – Standard Chartered
US-China Trade: Stepping back from the brink – Standard Chartered
The worst of the US-China trade war is likely behind us, although we see twists and turns ahead. With a substantial reduction in tariffs, we now estimate a GDP impact of 0.6-1.0ppt from US tariffs.
China
Banks
TradeBalance
UnitedStates
AUDUSD
USD: Just a guy, trying to change the world – Commerzbank
USD: Just a guy, trying to change the world – Commerzbank
It looks like a stroke of genius. Nobody thought it was possible, but the Donald Trump administration has made it. In just one weekend of negotiations, tariffs between the US and China were reduced by 115 percentage points each.
DollarIndex
Banks
Technical Analysis
Change
EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys
EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys
EUR/JPY loses ground after registering more than 0.50% gains in the previous session, trading around 164.20 during the Asian hours on Tuesday. The currency cross remains subdued following the release of ZEW Economic Sentiment surveys from Germany and the Eurozone.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
German ZEW Economic Sentiment Index rebounds to 25.2 in May vs. 11.9 expected
German ZEW Economic Sentiment Index rebounds to 25.2 in May vs. 11.9 expected
The headline German ZEW Economic Sentiment Index rebounded to 25.2 in May from -14 in April, beatimh the market consensus of 11.9 by a wide margin.
Germany
EconomicIndicator
Sentiment
EURUSD
Gold price sees uptick ahead of US CPI and Tuesday's US trading session
Gold price sees uptick ahead of US CPI and Tuesday's US trading session
Gold (XAU/USD) still has quite a long way to go back and test that all-time high at $3,500, currently trading near $3,256 at the time of writing on Tuesday. The precious metal recovers parts from the 2.65% correction that took place on Monday after the US-China trade deal was announced.
Gold
Commodities
UnitedStates
SEO
TradeWar
Tariff pause provides short term relief – ING
Tariff pause provides short term relief – ING
Sentiment across risk assets improved with the pause in US-China tariffs, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
Oil
Energy
EUR/USD: Unlikely to break the major support at 1.1055 – UOB Group
EUR/USD: Unlikely to break the major support at 1.1055 – UOB Group
Scope for Euro (EUR) to weaken further against the US Dollar (USD); any decline is unlikely to break the major support at 1.1055.
Technical Analysis
EURUSD
Banks
EUR: Cheaper levels – ING
EUR: Cheaper levels – ING
At some points over the last six weeks, it felt like there was no point trying to pick a top in EUR/USD as overwhelming bearish sentiment on the dollar dominated.
EURUSD
Banks
Technical Analysis
Levels
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
The NZD/USD pair retraces its recent losses registered in the previous session, trading around 0.5890 during the European hours on Tuesday. The technical analysis of the daily chart suggests a neutral outlook, with the pair consolidating within a rectangular range.
NZDUSD
Technical Analysis
Majors
What is the distribution of forecasts for the US CPI?
What is the distribution of forecasts for the US CPI?
Knowing the range of expectations is important, but the distribution of forecasts is another key input in the market's reaction
market overview
ECB’s Makhlouf: Uncertainty is weighing on investment
ECB’s Makhlouf: Uncertainty is weighing on investment
European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Tuesday that “uncertainty is weighing on investment; soft data pointing to a significant cooling in business and consumer sentiment.”
ECB
CentralBanks
EURUSD
InterestRate
ECB's Makhlouf: Uncertainty is weighing on investment
ECB's Makhlouf: Uncertainty is weighing on investment
Comments from the ECB policymaker, Gabriel Makhlouf
Dollar holds slightly lower so far on the session
Dollar holds slightly lower so far on the session
There's not too much in it as markets settle down after the big moves yesterday
USD/CAD steadies above 1.3950 due to trade optimism, expects a rise in US inflation
USD/CAD steadies above 1.3950 due to trade optimism, expects a rise in US inflation
USD/CAD is aiming for its fifth straight daily gain, hovering near 1.3970 during Tuesday’s European session.
USDCAD
Macroeconomics
Majors
Canada
EUR/USD rises as US inflation cools down
EUR/USD rises as US inflation cools down
EUR/USD moves higher to near 1.1125 in Tuesday's North American session as the US Dollar (USD) faces slight pressure after the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for April.
EURUSD
ECB
Fed
UnitedStates
SEO
Forex Today: US Dollar consolidates gains ahead of key inflation data
Forex Today: US Dollar consolidates gains ahead of key inflation data
Here is what you need to know on Tuesday, May 13:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
EUR/GBP remains above 0.8400 following UK Jobs data, ZEW Economic Sentiment Surveys eyed
EUR/GBP remains above 0.8400 following UK Jobs data, ZEW Economic Sentiment Surveys eyed
EUR/GBP halts its six-day losing streak, trading around 0.8420 during the early European hours on Tuesday. The currency cross holds ground following the release of mixed employment data from the United Kingdom (UK).
EURGBP
Macroeconomics
Crosses
Eurozone
UnitedKingdom
BofA Fund Manager Survey: Fund Managers most underweight US Dollars since 2006
BofA Fund Manager Survey: Fund Managers most underweight US Dollars since 2006
Some highlights from the Bank of America Fund Manager Survey
market overview
China’s Foreign Ministry says fentanyl issue is not their responsibility
China’s Foreign Ministry says fentanyl issue is not their responsibility
When asked on Tuesday whether fentanyl would be discussed in trade talks moving forward, China’s Foreign Ministry stated that the fentanyl issue is a US issue and not their responsibility.
China
UnitedStates
TradeWar
DollarIndex
European indices lightly changed at the open today
European indices lightly changed at the open today
A steadier mood as things settle down after the strong gains yesterday
Stocks
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
ndian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 94.38, with the EUR/INR pair rising from its previous close at 94.11.
China says fentanyl issue is not their responsibility
China says fentanyl issue is not their responsibility
Interesting remarks from the Chinese foreign ministry
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 100.00
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 100.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from its highest level since April 10 to 101.60 during the early European trading hours on Tuesday.
DollarIndex
Technical Analysis
US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation
US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation
US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”
UnitedStates
China
TradeWar
DollarIndex
Palladium price today: Rare metals advance at the start of the European session
Palladium price today: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $951.00 a troy ounce, with the XPD/USD pair advancing from its previous close at $949.90.
Metals
Commodities
Palladium
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