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USD/CHF Price Forecast: Dives below 0.82 as sellers regain control on USD slide
USD/CHF drops from around three-day highs near 0.8250 and tumbles as the Greenback prolongs its agony, following a slight recovery on Tuesday. At the time of writing, the pair trades at 0.8174, down 0.78%.
Technical Analysis
USDCHF
Currencies
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Forex Today: The ECB is widely anticipated to lower its rates
The Greenback resumed its downtrend and faded part of the previous day’s advance on Wednesday, weighed down by trade concerns and disheartening data from the US docket.
EURUSD
ECB
Fed
Currencies
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EUR/USD stays resilient despite US data disappointments
The EUR/USD advances on Wednesday, edging up over 0.42% as the Greenback erases Tuesday’s gains following the release of weaker-than-expected economic data from the United States (US).
EURUSD
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Macroeconomics
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SEO
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WTI Price Forecast: WTI stalls below $63, pressured by oversupply risks and weak fuel demand
West Texas Intermediate (WTI) crude oil prices retreat on Wednesday after two straight days of gains. At the time of writing, WTI is hovering above the 21-day Exponential Moving Average (EMA), down nearly 1.5% from the intraday high of $63.31, and trading around $62.41 during the American session.
WTI
Oil
Technical Analysis
SupportResistance
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Dow Jones Industrial Average flattens after ADP Jobs misses the mark
The Dow Jones Industrial Average (DJIA) remained largely unchanged on Wednesday after bullish investor sentiment was stymied by a softer-than-expected ADP jobs print. Overall market momentum is cooling off as indexes hit a lull between trade war headlines.
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Equities
SEO
Employment
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More talk about a near-term Canada-US trade deal
Is this going to happen?
CAD
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USD/JPY weakens as the safe-haven Yen benefits from a softer US Dollar
The Japanese Yen (JPY) is gaining ground against the US Dollar (USD) on Wednesday, following a series of economic data releases and rising trade tensions, which have contributed to Yen appreciation.
USDJPY
Majors
Macroeconomics
Fundamental Analysis
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Kremlin confirms that Russia's response to Ukraine drone attacks was discussed
Comments from Putin's aide following the Trump call
USD
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USD/JPY zig-zag continues this week
Back to the downside today
JPY
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USD/CAD weakens as BoC holds rates, US data disappoints
The Canadian Dollar (CAD) extends its advance against the US Dollar (USD) on Wednesday after the Bank of Canada (BoC) held interest rates steady, aligning with market expectations.
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Trump: Just spoke with Putin for 1 hour, 15 mins
Comments from Trump
Politics
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BofA: We expect May non-farm payrolls to rise by 150K
They see unemployment steady at 4.2%
USD
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AUD/USD rebounds as US Dollar slips on soft jobs, ISM data
The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday, shrugging off softer-than-expected domestic GDP data as the Greenback retreats following disappointing US employment and ISM Services PMI figures.
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Saudis want more large production hikes in a push for market share - report
Saudis want to continue adding 411K bpd in August and potentially Sept
Oil
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EUR/CAD steadies as Bank of Canada holds rate steady at 2.75%
EUR/CAD is trading flat in the early hours of the American session on Wednesday after the Bank of Canada (BoC) announced its decision to leave interest rates unchanged at 2.75%.
EURCAD
BOC
Macroeconomics
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EIA weekly US oil inventories -4304K vs -1035K expected
US weekly oil data
Oil
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Putin says he doubts the possibility of a ceasefire with Ukraine given latest attacks
There goes that hope
ukraine
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US ISM Services PMI drops to 49.9 in May vs. 52 expected
The business activity in the US service sector contracted slightly in May, with the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) dropping to 49.9 from 51.6 in April. This reading came in below the market expectation of 52.
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May US ISM services 49.9 vs 52.0 expected
The ISM services index for May 2025
USD
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US April S&P Global final services PMI 53.7 vs 52.3 prelim
The final services and composite PMI from S&P Global for May 2025
USD
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Global PMIs: Front-loaded factory output unwinds – Standard Chartered
Manufacturing PMIs deteriorated at a faster rate in May versus April amid fading boost from front-loading. Coincident indicators were downbeat, but the US-China tariff truce helped to improve outlook.
PMI
Banks
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USTR Greer says he's pleased that negotiations are advancing quickly with EU
Comments from Greer
EUR
USD
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Canada May S&P Global services PMI 45.5 vs 41.5 prior
Canada service sector survey from S&P Global for May 2025
CAD
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Indian Rupee weakens for the second day as PMI disappoints, focus shifts to US data
The Indian Rupee (INR) weakens against the US Dollar (USD) for the second straight day on Wednesday, as a firmer Greenback and disappointing Indian PMI figures weigh on sentiment.
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PMI
India
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Canada Q1 labor productivity +0.2% vs +0.6% prior
Canadian productivity data
CAD
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US Pres. Trump: Powell must now lower the rate
In a post published on Truth Social on Wednesday, United States President Donald Trump called upon Federal Reserve (Fed) Chairman Jerome Powell to lower the policy rate.
UnitedStates
Macroeconomics
Fed
CentralBanks
InterestRate
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Trump weighs in on the ADP number, says Powell should cut rates
Is it a weak economy or not?
USD
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Breaking: Private sector employment in US rises 37,000 in May vs. 115,000 forecast
Private sector employment in the US rose by 37,000 in May and annual pay was up 4.5% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday.
Breaking
Employment
EconomicIndicator
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ADP May employment +37K vs +110K prior
Weak reading for the May survey of jobs from ADP
USD
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ADP US employment coming up next. What to watch for.
Time to dig into the jobs data
USD
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ForexLive European FX news wrap: Light changes as markets wait on trade developments
Forex news from the European morning session on Jun 4, 2025
Session wrap
Wrap Europe
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US Dollar Index (DXY) stalls above 99.00 as JOLTS jobs optimism fades
The US Dollar Index (DXY) nudges lower on Wednesday, following a sharp rebound on Tuesday.
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Employment
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JPY: Media report of BoJ equivocation on policy normalization – Scotiabank
The Japanese Yen (JPY) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with all other major currency peers showing modest gains (vs. USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
BOJ
Japan
Banks
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GBP is trading quietly on the day – Scotiabank
Pound Sterling (GBP) is also trading in a tight range, entering Wednesday’s NA session with a minor gain vs. the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
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EUR flat vs. USD following modest improvement in PMI’s – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session unchanged against the US Dollar (USD), quietly consolidating in a tight range just below 1.14, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
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CAD little changed ahead of BoC policy decision – Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists’ consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
BOC
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Canada
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USD little changed as markets mull tariffs – Scotiabank
The USD is trading steady to a little softer overall in quiet trade. Global stocks are firmer while bonds are little changed in rather quiet trading, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
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British Pound recovers ground amid soft USD, upbeat PMI, and tariff reprieve
The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday, paring Tuesday’s losses as the Greenback softens slightly ahead of key US labor market data.
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TradeWar
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Watch out for these two key macro risks ahead
The current expectations see global growth improving and disinflation remaining on track. Changes in these expectations will move the markets a lot.
market overview
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EU's Sefcovic: Constructive discussion with Greer, we are advancing in right direction
Comments from the EU's Trade Commissioner
EUR
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