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US gasoline demand strong ahead of summer driving season – Commerzbank
US gasoline demand strong ahead of summer driving season – Commerzbank
Yesterday's weekly US inventory report halted the slide on the oil market, Commerzbank's commodity analyst Barbara Lambrecht notes.
Oil
Banks
Energy
Gas
USD/CAD consolidates within previous ranges, with 1.3835 holding bulls
USD/CAD consolidates within previous ranges, with 1.3835 holding bulls
The US Dollar is clinging to minor gains on Friday, with price action wavering within previous day’s ranges and the 4-hour RSI flat around the 50 level, which signals a lack of clear bias.The Dollar whipsawed on Thursday before closing the day with a 0.2% decline, as a federal court paused a previou
USDCAD
Currencies
DollarIndex
EUR soft in quiet trade – Scotiabank
EUR soft in quiet trade – Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and underperforming most of the G10 currencies in generally quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
USD firmer but tariff, fiscal uncertainties persist – Scotiabank
USD firmer but tariff, fiscal uncertainties persist – Scotiabank
Tariffs were off Tuesday night and were back on again, at least for now, Thursday afternoon after a Federal Appeals Court allowed the president’s tariff plans to remain in place pending further rulings, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Fed
Forexlive European FX news wrap: Slow session as we await the US PCE release
Forexlive European FX news wrap: Slow session as we await the US PCE release
Forex news from the European morning session on May 30, 2025
Session wrap
Wrap Europe
USD/CNH: Likely to trade in a range of 7.1800/7.2000 – UOB Group
USD/CNH: Likely to trade in a range of 7.1800/7.2000 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1800/7.2000 against Chinese Yuan (CNH). In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
No giving in from Kazakhstan: Will other key producers follow suit? – Commerzbank
No giving in from Kazakhstan: Will other key producers follow suit? – Commerzbank
The press statement following Wednesday's OPEC+ meeting was extremely short.
Oil
Banks
Energy
WTI
All that Glitters Is Gold: Brokers Keep Cutting Spreads as Demand Surges
All that Glitters Is Gold: Brokers Keep Cutting Spreads as Demand Surges
News Discussion Forum
Oleh Finance Magnates
All that Glitters Is Gold: Brokers Keep Cutting Spreads as Demand Surges
1. All that Glitters Is Gold . The next time your partner complains that you have too much jewellery, point them in the direction of gold CFD valuations.
USD/JPY declines below 144.00 as Japanese Yen strengthens on hot Tokyo CPI data
USD/JPY declines below 144.00 as Japanese Yen strengthens on hot Tokyo CPI data
The USD/JPY pair trades lower slightly below 144.00 during European trading hours on Friday. The asset weakens as the Japanese Yen (JPY) outperforms across the board after the Statistics Bureau of Japan reported a hotter-than-projected Tokyo Consumer Price Index (CPI) data for May.
USDJPY
BOJ
Inflation
DollarIndex
UnitedStates
Gold declines despite renewed US-China trade tensions
Gold declines despite renewed US-China trade tensions
Gold price (XAU/USD) slides to near $3,280 during North American trading hours on Friday, following a strong upside move the previous day.
Gold
XAUUSD
Fed
Inflation
SEO
USD/JPY: Oversold conditions indicate that any decline is unlikely to reach 142.80 – UOB Group
USD/JPY: Oversold conditions indicate that any decline is unlikely to reach 142.80 – UOB Group
Sharp drop in US Dollar (USD) could extend against Japanese Yen (JPY); oversold conditions indicate that any decline is unlikely to reach 142.80.
USDJPY
Technical Analysis
Banks
Gold is trading firmly amid trade uncertainty – Commerzbank
Gold is trading firmly amid trade uncertainty – Commerzbank
Gold prices are once again supported by geopolitical uncertainty. While prices dipped slightly after tariff delays, ongoing trade tensions continue to drive demand for the safe-haven meta, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold
XAUUSD
Banks
Commodities
Metals
NZD/USD: Likely to trade between 0.5940 and 0.6000 – UOB Group
NZD/USD: Likely to trade between 0.5940 and 0.6000 – UOB Group
New Zealand Dollar (NZD) is likely to trade between 0.5940 and 0.6000. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
Oil price caught between OPEC and geopolitics – Commerzbank
Oil price caught between OPEC and geopolitics – Commerzbank
The Oil market is likely to be eagerly awaiting tomorrow's decision by the eight OPEC+ countries that have voluntarily cut their production.
Oil
Banks
OPEC
Energy
Brent
AUD/USD: Likely to consolidate in a range of 0.6420/0.6470 – UOB Group
AUD/USD: Likely to consolidate in a range of 0.6420/0.6470 – UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6420/0.6470 vs US Dollar (USD). In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
AUD/USD retreats to levels near 0.6400 ahead with US inflation in the spotlight
AUD/USD retreats to levels near 0.6400 ahead with US inflation in the spotlight
The Aussie Dollar is retracing Thursday’s gains on Friday, with investors wary of holding large US Dollar shorts ahead of the release of US PCE inflation data.
AUDUSD
Currencies
Levels
USD: Trust in the US is shaken – Commerzbank
USD: Trust in the US is shaken – Commerzbank
Yesterday, there was a brief glimmer of hope that US courts might overturn the US government's tariff policy. The resulting recovery of the US dollar was short-lived. After an appeals court blocked a corresponding injunction, the dollar took a significant hit. Of course, the ruling is preliminary.
DollarIndex
Banks
Technical Analysis
US Elections
Fed
The Fed's preferred inflation measure is expected to show another improvement in April
The Fed's preferred inflation measure is expected to show another improvement in April
We have the US April PCE price index due to be released at 08:30 ET/12:30 GMT. What are the expectations from professional forecasters?
Trading Volume Surge Pushes Tiger Brokers’ Q1 Income to Record High
Trading Volume Surge Pushes Tiger Brokers’ Q1 Income to Record High
News Discussion Forum
Oleh Finance Magnates
Trading Volume Surge Pushes Tiger Brokers’ Q1 Income to Record High
Up Fintech (Nasdaq: TIGR), the operator of the Tiger Brokers brand, ended the first quarter of 2025 with total revenue of US$122.6 million and net income of US$36 million.
Tiger Brokers
Italy April PPI +3.8% vs +3.9% y/y prior
Italy April PPI +3.8% vs +3.9% y/y prior
Latest data released by Istat - 30 May 2025
GBP/USD: Likely to trade in a range of 1.3455/1.3530 – UOB Group
GBP/USD: Likely to trade in a range of 1.3455/1.3530 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3455/1.3530. In the longer run, current price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
JPY: Tokyo inflation data warns of July BoJ rate hike – ING
JPY: Tokyo inflation data warns of July BoJ rate hike – ING
Tokyo May inflation data surprised on the upside, ING's FX analyst Chris Turner notes.
USDJPY
Japan
BOJ
Banks
Technical Analysis
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
There is scope for the sharp rally to extend; deeply overbought conditions suggest any advance is likely part of a higher range of 1.1330/1.1415.
Technical Analysis
EURUSD
Banks
USD: April spending and inflation data in focus – ING
USD: April spending and inflation data in focus – ING
Yesterday's dollar rally didn't last long. It quickly became clear that the Trump administration would pursue other trade laws to enact its tariffs, and later, the US Court of Appeals proposed a delay in the original court ruling that tariffs were illegal.
DollarIndex
Banks
Technical Analysis
Fed
Payments in 2025: A Simpler, Smarter, and Faster World—But Challenges Remain
Payments in 2025: A Simpler, Smarter, and Faster World—But Challenges Remain
News Discussion Forum
Oleh Finance Magnates
Payments in 2025: A Simpler, Smarter, and Faster World—But Challenges Remain
The payments industry is going through one of its most transformative periods yet. In 2025, the focus is clear: make payments faster, more secure, and more integrated into people’s daily lives.
Visa
payment
NZD/USD retreats from 0.6000 with the US Dollar picking up ahead of the PCE inflation release
NZD/USD retreats from 0.6000 with the US Dollar picking up ahead of the PCE inflation release
The New Zealand Dollar has been rejected at the 0.6000 psychological area and returned to 0.5950, as the US Dollar regains lost ground, with investors bracing for the release of April’s US PCE Price Index reading.,The Dollar lost ground against its main peers earlier on Thursday, as a US federal co
NZDUSD
Currencies
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
Silver
Commodities
Metals
Italy May preliminary CPI (HICP) +1.9% vs +1.9% y/y expected
Italy May preliminary CPI (HICP) +1.9% vs +1.9% y/y expected
Latest data released by Istat - 30 May 2025
FMAS:25 Final Day Kicks Off in Cape Town, Highlighting Retail Trading, Fintech, and Crypto
FMAS:25 Final Day Kicks Off in Cape Town, Highlighting Retail Trading, Fintech, and Crypto
News Discussion Forum
Oleh Finance Magnates
FMAS:25 Final Day Kicks Off in Cape Town, Highlighting Retail Trading, Fintech, and Crypto
The second and final day of the Finance Magnates Africa Summit (FMAS:25) is now underway at the Cape Town International Convention Centre.
FMAS:25
events
South Africa
FAME Awards 2025 Celebrates Top Brokers Across Africa
FAME Awards 2025 Celebrates Top Brokers Across Africa
News Discussion Forum
Oleh Finance Magnates
FAME Awards 2025 Celebrates Top Brokers Across Africa
The 3rd annual Financial Achievements in Markets Excellency (FAME) Awards took place on 29 May 2025, live on the Centre Stage at FMAS:25.
FAME
Awards
ECB’s Panetta: Reduced room to cut rates further, but macro outlook remains weak
ECB’s Panetta: Reduced room to cut rates further, but macro outlook remains weak
European Central Bank (ECB) executive board member Fabio Panetta said on Friday that there is a “reduced room to cut rates further, but the macro outlook remains weak and trade tensions could worsen it.”
CentralBanks
ECB
EURUSD
InterestRate
US Dollar Index rebounds modestly as US Appeals court puts tariff-ban on hold
US Dollar Index rebounds modestly as US Appeals court puts tariff-ban on hold
The US Dollar (USD) recovers on Friday after a sharp sell-off the previous day, with investors remaining uncertain over the existence of majority of tariffs imposed by United States (US) President Donald Trump on all of his trading partners since his return to the White House this year.
DollarIndex
UnitedStates
Inflation
Fed
EUR/USD pulls back to 1.1330 on Dollar's short covering ahead of US inflation data
EUR/USD pulls back to 1.1330 on Dollar's short covering ahead of US inflation data
EUR/USD extends its reversal, and is trading near 1.1330 at the time of writing as investors trim their Dollar shorts, ahead of the release of April's US Personal Consumer Expenditures (PCE) Price Index numbers.
EURUSD
Majors
Technical Analysis
SEO
Pound Sterling sets for fourth straight positive monthly close against US Dollar
Pound Sterling sets for fourth straight positive monthly close against US Dollar
The Pound Sterling (GBP) claws back some of its early losses against the US Dollar (USD) and recovers to near 1.3470 during Friday’s North American session.
GBPUSD
Fed
BOE
UnitedStates
SEO
Italy Q1 final GDP +0.3% vs 0.3% q/q prelim
Italy Q1 final GDP +0.3% vs 0.3% q/q prelim
Latest data released by Istat - 30 May 2025
Eurozone April M3 money supply +3.9% vs +3.7% y/y expected
Eurozone April M3 money supply +3.9% vs +3.7% y/y expected
Latest data released by the ECB - 30 May 2025
Bavaria April CPI +2.1% vs +2.1% y/y prior
Bavaria April CPI +2.1% vs +2.1% y/y prior
Latest data released by Destatis - 30 May 2025
GBP/JPY trades above 194.00 after paring recent losses
GBP/JPY trades above 194.00 after paring recent losses
GBP/JPY extends its losses for the second successive session, trading around 194.00 during the European hours on Friday.
GBPJPY
Crosses
Macroeconomics
Japan
UnitedKingdom
WTI drops to levels near $60.00 as global trade uncertainty returns
WTI drops to levels near $60.00 as global trade uncertainty returns
WTI Oil prices reversed gains on Thursday, after the US Court of Appeals reversed a sentence from a lower court to block Trump's trade tariffs.
Oil
WTI
Commodities
Levels