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Strong inflows into Chinese Gold ETFs in April – Commerzbank
Strong inflows into Chinese Gold ETFs in April – Commerzbank
The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
Banks
Metals
XAUUSD
Commodities
USD/CNH can continue to weaken – UOB Group
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
B2PRIME Hires Executive Sales Trader; Adds Indices and Commodities
B2PRIME Hires Executive Sales Trader; Adds Indices and Commodities
News Discussion Forum
By Finance Magnates
B2PRIME Hires Executive Sales Trader; Adds Indices and Commodities
Lee Shmuel Goldfarb has joined B2PRIME Group as an Executive Sales Trader. He brings several years of experience in institutional sales and trading.
moves
MOVE
industry move
executive moves
executive move
B2Prime
ECB's Nagel: It's important to be cautious and not overreact
ECB's Nagel: It's important to be cautious and not overreact
Comments from the ECB policymaker, Joachim Nagel
Silver, Platinum and Palladium also decline – Commerzbank
Silver, Platinum and Palladium also decline – Commerzbank
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Silver
Platinum
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
Pound Sterling gains sharply against US Dollar on slower US inflation growth
Pound Sterling gains sharply against US Dollar on slower US inflation growth
The Pound Sterling (GBP) jumps to near 1.3250 against the US Dollar (USD) during North American trading hours on Tuesday. The GBP/USD pair strengthens as the US Dollar falls back after the United States (US) Consumer Price Index (CPI) report showed that inflationary pressures cooled down in April.
GBPUSD
Fed
BOE
China
SEO
Gold price under pressure after announcement of tariff suspension – Commerzbank
Gold price under pressure after announcement of tariff suspension – Commerzbank
The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
XAUUSD
Banks
Commodities
Metals
B2BROKER Upgrades B2CORE: Focusing on User Control and Flexibility
B2BROKER Upgrades B2CORE: Focusing on User Control and Flexibility
News Discussion Forum
By Finance Magnates
B2BROKER Upgrades B2CORE: Focusing on User Control and Flexibility
B2CORE has added guided onboarding, interface previews, and interactive hints for new users.
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
USD/JPY consolidates near recent highs as the BoJ’s cautious tone and low market-implied hike expectations contrast with ongoing dollar strength, BBH FX analysts report.
USDJPY
Banks
BOJ
NZD/USD is on the downside – UOB Group
NZD/USD is on the downside – UOB Group
The risk for New Zealand Dollar (NZD) is on the downside vs US Dollar (USD), but any decline is likely part of a lower range of 0.5835/0.5900.
NZDUSD
Banks
Technical Analysis
Oil prices benefit from easing of trade conflict – Commerzbank
Oil prices benefit from easing of trade conflict – Commerzbank
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent rose by up to 4% to more than $66 per barrel, WTI to $63.6 per barrel, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
WTI
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
Exante Aims to Tackle Market Abuse, Integrates Platform with eflow
Exante Aims to Tackle Market Abuse, Integrates Platform with eflow
News Discussion Forum
By Finance Magnates
Exante Aims to Tackle Market Abuse, Integrates Platform with eflow
Exante, which offers access to over 50 global markets, has integrated its trading platform with eflow Global’s TZTS Trade Surveillance system.
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
Hantec Markets Launches 24/7 Cryptocurrency CFD Trading as Bitcoin Tops $100K
Hantec Markets Launches 24/7 Cryptocurrency CFD Trading as Bitcoin Tops $100K
News Discussion Forum
By Finance Magnates
Hantec Markets Launches 24/7 Cryptocurrency CFD Trading as Bitcoin Tops $100K
Hantec Markets has introduced around-the-clock trading for crypto contracts for difference (CFDs), allowing clients to access digital asset markets 24/7, the multi-asset brokerage announced today (...
hantec markets
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
Analysis: iForex IPO Aims to Enter New Markets and Reverse Revenue Dependence on Asia
Analysis: iForex IPO Aims to Enter New Markets and Reverse Revenue Dependence on Asia
News Discussion Forum
By Finance Magnates
Analysis: iForex IPO Aims to Enter New Markets and Reverse Revenue Dependence on Asia
In just two years, iForex has lost 20% of its active clients, with trading income shrinking by 35% and profits plummeting by over 75%.
iforex
IPO
Analysis
AIMS
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
CFD Brokers Get New Compliance Tool as IPC Partners With Open Lake
CFD Brokers Get New Compliance Tool as IPC Partners With Open Lake
News Discussion Forum
By Finance Magnates
CFD Brokers Get New Compliance Tool as IPC Partners With Open Lake
IPC, the technology provider supporting FX and CFD brokers in enhancing trading capabilities, has partnered with Open Lake Technology (OLT) to address growing compliance challenges in financial com...
IPC
IPC Systems
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