USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
The USD/CAD pair remains on the defensive around 1.3715 during the early Asian session on Wednesday. The Canadian Dollar (CAD) edges higher against the Greenback as crude oil prices rise.
USDCAD
Majors
Macroeconomics
BOC
Breaking: Australian Gross Domestic Product advances 0.2% QoQ in Q1 vs. 0.4% expected
Breaking: Australian Gross Domestic Product advances 0.2% QoQ in Q1 vs. 0.4% expected
Australia’s Gross Domestic Product (GDP) expanded 0.2% QoQ in the first quarter (Q1) of 2025 compared with the 0.6% growth in the fourth quarter of 2024, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in weaker than the expectations of 0.4%.
Breaking
Australia
AUDUSD
GDP
TradeWar
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Steel manufacturing jobs boosted, outweighed by broad manufacturing job losses elsewhere
Politics
USD
AUD/JPY Price Forecast: Edges higher with eyes set on 94.00 as bullish harami emerges
AUD/JPY Price Forecast: Edges higher with eyes set on 94.00 as bullish harami emerges
The AUD/JPY opens Wednesday’s Asian session with a positive mood, posting gains of over 0.08% at the time of writing. The cross-pair appears poised to extend the ongoing leg up, testing the May 29 daily high of 93.86.
AUDJPY
Technical Analysis
Currencies
Crosses
Bullish
Oil: private survey of inventory shows a larger headline crude oil draw than expected
Oil: private survey of inventory shows a larger headline crude oil draw than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump "is obsessed with having a call with Xi”
Politics
China
USD/CHF Price Forecast: Rebounds from 6-week low, climbs past 0.8200
USD/CHF Price Forecast: Rebounds from 6-week low, climbs past 0.8200
USD/CHF bounces off six-week lows of 0.8155 and surges past the 0.8200 figure as the Greenback is boosted by solid US jobs data, which is pushing the pair above its opening price by 0.26%.
USDCHF
Technical Analysis
Currencies
Majors
Silver Price Forecast: XAG/USD pulls back from yearly highs but stays above $34.50
Silver Price Forecast: XAG/USD pulls back from yearly highs but stays above $34.50
Silver (XAG/USD) price trimmed some of its Monday’s 5% gains, edging down 0.52% on Tuesday, with the grey metal trading near the $34.50 area, stuck to the highs of the current week.
Technical Analysis
XAGUSD
Silver
AUD/USD retreats from psychological resistance as the Fed remains in the spotlight
AUD/USD retreats from psychological resistance as the Fed remains in the spotlight
The Australian Dollar (AUD) is erasing some of its gains against the US Dollar (USD) on Tuesday, after experiencing a positive surge in bullish momentum on Monday.
AUDUSD
Technical Analysis
Fundamental Analysis
Forexlive Americas FX news wrap: US dollar firms as the trade war ebbs
Forexlive Americas FX news wrap: US dollar firms as the trade war ebbs
Forex news for North American trading on Jun 3, 2025
Session wrap
Wrap Nth America
Economic calendar in Asia 04 June 2025 - Australian Q2 GDP
Economic calendar in Asia 04 June 2025 - Australian Q2 GDP
Asian Economic Calendar: Key Events and Consensus Expectations for 04 June 2025
economic calendar
EUR/USD slips as Greenback gains on data surge, trade fears rattle markets
EUR/USD slips as Greenback gains on data surge, trade fears rattle markets
EUR/USD retreats after hitting a six-week peak of 1.1454 on Tuesday amid increasing concerns of market participants regarding the trade war ignited by the United States (US). The Greenback’s appreciation weighs on the pair, which trades at 1.1379, down 0.52%.
EURUSD
Fundamental Analysis
Technical Analysis
Majors
SEO
British Pound trades flat amid BoE caution, US Dollar recovers modestly
British Pound trades flat amid BoE caution, US Dollar recovers modestly
The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within Monday’s range.
GBPUSD
BOE
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
The Mexican Peso (MXN) is trading in a tight range against the US Dollar (USD) on Tuesday, following the Greenback's recovery from Monday’s sell-off.
USDMXN
Banxico
Currencies
Mexico
Fundamental Analysis
Dow Jones Industrial Average bolstered by tech sector hope for easing China restrictions
Dow Jones Industrial Average bolstered by tech sector hope for easing China restrictions
The Dow Jones Industrial Average (DJIA) rose on Tuesday, bolstered by endless optimism in the tech sector. AI rally frontrunner Nvidia (NVDA) led a chip-based market advance, surpassing Microsoft’s market cap for the first time since January.
DowJones
Equities
SEO
TradeWar
Forex Today: Further US hard data and the BoC meeting grab all the attention
Forex Today: Further US hard data and the BoC meeting grab all the attention
After bottoming out in fresh multi-week troughs, the US Dollar (USD) managed to regain composure and advance markedly on turnaround Tuesday. The recovery, however, did not offset concerns over the impact of Trump’s tariffs on the US economy and global trade.
EURUSD
DollarIndex
Currencies
Fed
BOC
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
The Federal Reserve's (Fed) discount rate meeting minutes from April 7, 28, and May 8 revealed that policymakers are increasingly uneasy about looming economic impacts, mostly from US trade policy.
Fed
CentralBanks
TradeWar
Inflation
US proposes to allow some enrichment in Iran talks
US proposes to allow some enrichment in Iran talks
A sign the US is serious about trying to make a deal
Politics
WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday's high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day.
WTI
Oil
White House confirms that it wants best trade offers by Wednesday
White House confirms that it wants best trade offers by Wednesday
Could Trump retaliate if he doesn't get them?
Politics
Fed's Goolsbee: We could see a direct tariff effect on prices within a month
Fed's Goolsbee: We could see a direct tariff effect on prices within a month
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump's whiplash tariff policies, and the Fed is beginning to brace f
Fed
CentralBanks
TradeWar
Inflation
Fed's Cook: Tariffs could lead to stagflation environment
Fed's Cook: Tariffs could lead to stagflation environment
Federal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being, the biggest economic threat to stability remains the Trump administration's trade policies.
UnitedStates
Fed
CentralBanks
TradeWar
Inflation
EUR/JPY rebounds off moving average support despite Eurozone inflation miss
EUR/JPY rebounds off moving average support despite Eurozone inflation miss
The Euro (EUR) has been gaining strength against the Japanese Yen (JPY), traditionally seen as a safe haven, on Tuesday. 
EURJPY
Crosses
Fundamental Analysis
Technical Analysis
Currencies
EUR/GBP falls as Eurozone inflation reinforces dovish ECB expectations
EUR/GBP falls as Eurozone inflation reinforces dovish ECB expectations
The Euro (EUR) is suffering a setback against the Pound Sterling (GBP) on Tuesday, with prices falling to the 10-day Simple Moving Average (SMA) near 0.8415.
EURGBP
Crosses
Currencies
USD/CAD Price Forecast: USD/CAD bearish structure intact, short-term bounce hinges on 1.3700 support
USD/CAD Price Forecast: USD/CAD bearish structure intact, short-term bounce hinges on 1.3700 support
The Canadian Dollar (CAD) holds firm against the US Dollar (USD) on Tuesday, with the USD/CAD pair trading sideways during the American session to trade around 1.3720.
USDCAD
Technical Analysis
Canada
New Zealand GDT Price Index -1.6%
New Zealand GDT Price Index -1.6%
Results of the latest dairy auction in New Zealand