WTI consolidates around mid-$62.00s; looks to US NFP for fresh impetus
WTI consolidates around mid-$62.00s; looks to US NFP for fresh impetus
West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow band, around mid-$62.00s during the Asian session on Friday, and remain on track to register gains for the first time in three weeks.
Oil
Commodities
TradeWar
NFP
WTI
Japanese Yen remains depressed against a broadly stronger USD; focus remains on US NFP report
Japanese Yen remains depressed against a broadly stronger USD; focus remains on US NFP report
The Japanese Yen (JPY) maintains its offered tone against a broadly stronger US Dollar (USD), with the USD/JPY bulls awaiting a sustained move and acceptance above the 144.00 mark before placing fresh bets.
USDJPY
BOJ
Fed
NFP
SEO
EUR/USD holds losses near 1.1450 after retreating from two-month highs
EUR/USD holds losses near 1.1450 after retreating from two-month highs
EUR/USD continues to lose ground after pulling back from a two-month high of 1.1495, marked on June 5, currently trading around 1.1440 during the Asian hours on Friday.
EURUSD
Majors
Macroeconomics
Eurozone
Goldman Sachs expects headline 125k in payroll growth for May
Goldman Sachs expects headline 125k in payroll growth for May
Non-farm payroll (NFP) is due today, Friday, June 6, 2025
Need a non-farm payroll preview - we've got you covered!
Need a non-farm payroll preview - we've got you covered!
May non-farm payrolls preview by the numbers
Australian Dollar remains weaker as US Dollar advances ahead of Nonfarm Payrolls
Australian Dollar remains weaker as US Dollar advances ahead of Nonfarm Payrolls
The Australian Dollar (AUD) declines against the US Dollar (USD) on Friday. The AUD/USD pair may remain stable amid market caution, as traders await the upcoming US Nonfarm Payrolls (NFP) report, due later in the day, seeking fresh insights into the United States (US) economy.
AUDUSD
SEO
Macroeconomics
Majors
Australia
PBOC sets USD/CNY reference rate at 7.1845 vs. 7.1865 previous
PBOC sets USD/CNY reference rate at 7.1845 vs. 7.1865 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1845 as compared to the previous day's fix of 7.1865 and 7.1935 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
Japan’s Kato: Monetary policy decision is up to BoJ
Japan’s Kato: Monetary policy decision is up to BoJ
Japan's Finance Minister Katsunobu Kato, when asked about the US Treasury report on exchange rate, said that the monetary policy decision is up to the Bank of Japan.
BOJ
InterestRate
USDJPY
Currencies
Bessent, Lutnick & Greer bickering in front of Japan trade negotiators hindering progress
Bessent, Lutnick & Greer bickering in front of Japan trade negotiators hindering progress
Tensions between the three competing for favour with Trump are complicating tariff negotiations
WSJ: Iran orders material from China for hundreds of ballistic missiles
WSJ: Iran orders material from China for hundreds of ballistic missiles
Iran ordered thousands of tons of ballistic-missile ingredients from China reports the Wall Street Journal
Oil
China
GBP/USD continues to find fresh highs as Greenback withers
GBP/USD continues to find fresh highs as Greenback withers
GBP/USD tested its highest bids in over three years on Thursday, briefly climbing above the 1.3600 handle in intraday trading for the first time in 40 months.
GBPUSD
NFP
Currencies
NZD/JPY Price Forecast: Climbs on eased US-China tensions
NZD/JPY Price Forecast: Climbs on eased US-China tensions
NZD/JPY climbed over 0.75% on Thursday amid a session that witnessed an escalation of the Trump-Musk fight on social media, which ultimately sent Testla (TSLA) stocks plunging over 14% during the day.
Technical Analysis
Crosses
Currencies
NZDJPY
German Chancellor Merz told CNN that Europe is seeking greater independence from China
German Chancellor Merz told CNN that Europe is seeking greater independence from China
Also said Trump's tariffs are having a "terrible" effect on Germany’s auto industry
Politics
China
EUR
AUD/JPY Price Forecast: Rallies above 93.00 on risk appetite, as bullish engulfing pattern looms
AUD/JPY Price Forecast: Rallies above 93.00 on risk appetite, as bullish engulfing pattern looms
The AUD/JPY prolonged its gains on Thursday and edged up over 0.76% amid a risk-on impulse sparked by news that the US and China might reach an agreement as President Trump spoke with China’s President Xi Jinping during the day. At the time of writing the cross-pair trades at 93.30.
AUDJPY
Technical Analysis
Currencies
Crosses
Bullish
Elon Musk says the Trump tariffs will cause a recession in the second half of 2025
Elon Musk says the Trump tariffs will cause a recession in the second half of 2025
Musk injecting something relevant into the biatch slap-fest
Politics
Forexlive Americas FX news wrap: Trump and Xi talk, Trump and Elon fight
Forexlive Americas FX news wrap: Trump and Xi talk, Trump and Elon fight
Forex news for North American trading on Jun 5, 2025
Session wrap
Wrap Nth America
US Treasury says no other country manipulates their own currency
US Treasury says no other country manipulates their own currency
US Treasury maintains a list of countries that manipulate FX. None, they say.
Canadian Dollar continues to gain ground, but momentum is fizzling
Canadian Dollar continues to gain ground, but momentum is fizzling
The Canadian Dollar (CAD) tested fresh eight-month peaks against the US Dollar (USD) on Thursday.
USDCAD
SEO
NFP
Economic calendar in Asia 06 June 2025 ... m'eh
Economic calendar in Asia 06 June 2025 ... m'eh
Lower-tier data releases only on the calendar for Friday in Asi
economic calendar
Mexican Peso strengthens ahead of Friday’s NFP data, with US-Mexico relations in focus
Mexican Peso strengthens ahead of Friday’s NFP data, with US-Mexico relations in focus
The Mexican Peso (MXN) is on track to extend its winning streak for a second consecutive session against the US Dollar (USD) on Thursday. 
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
Currencies
WTI Price Forecast: WTI Crude Oil holds gains above $62,  momentum builds for further upside
WTI Price Forecast: WTI Crude Oil holds gains above $62, momentum builds for further upside
West Texas Intermediate (WTI) crude oil extends its recovery on Thursday, building on early week gains as bulls capitalize on a bullish flag breakout. At the time of writing, WTI is trading around $62.80, up nearly 1.20% on the day, and slightly below the intraday high of $63.30.
WTI
Technical Analysis
Forex Today: Could Nonfarm Payroll figures save the US Dollar?
Forex Today: Could Nonfarm Payroll figures save the US Dollar?
The Greenback bounced off its weekly lows of 98.35 as China’s media reported a call between US President Donald Trump and China’s President Xi Jinping. Both parties mentioned the call was good and focused on trade policies and rare earths.
DollarIndex
Currencies
EURUSD
NFP
Fed
EUR/USD holds above 1.1440 as ECB cuts rates; focus shifts to US NFP data
EUR/USD holds above 1.1440 as ECB cuts rates; focus shifts to US NFP data
EUR/USD holds onto earlier gains of over 0.20% after the European Central Bank (ECB) grabbed the headlines, reducing rates but leaving the door open for a pause at the upcoming July 24 meeting. At the time of writing, the pair trades at 1.1441 after bouncing off daily lows of 1.1404.
EURUSD
Technical Analysis
Majors
Fundamental Analysis
ECB
How the Elon-Trump divorce could become the most-expensive breakup in history
How the Elon-Trump divorce could become the most-expensive breakup in history
Elon and Trump continue to fight. Tesla shares now down 12%, this could be more expensive than Bill Gates' divorce
Politics
Fed's Schmid: I expect tariffs to start to show through to prices in the coming months
Fed's Schmid: I expect tariffs to start to show through to prices in the coming months
Federal Reserve (Fed) Bank of Kansas City President Jeff Schmid took a slightly different approach to other Fed officials who also spoke on Thursday, but still remains focused on the overall difficulty of manipulating Fed policy rates in an uneasy post-tariff environment.
Fed
CentralBanks
Inflation
TradeWar
Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps
Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps
Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his own perspective to comments from other Fed officials earlier in the day, noting that whiplash trade policies from the Trump administration are making it difficult for Fed officials to move on policy rates.
Fed
CentralBanks
Inflation
TradeWar
Dow Jones Industrial Average loses some ground as Trump and Musk clash
Dow Jones Industrial Average loses some ground as Trump and Musk clash
The Dow Jones Industrial Average (DJIA) held steady on Thursday, chugging quietly near the previous day’s closing bids.
DowJones
Equities
SEO
TradeWar
NFP