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LME Copper inventories fall to fresh low – ING
Copper inventories on the LME fell to the lowest level in almost two years, with withdrawals continuing at warehouses in Rotterdam. Thousands of tonnes of Copper have been withdrawn over the past few trading sessions, with Glencore the key trader behind these requests.
Metals
Copper
Banks
China
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DXY: Trump tariffs challenged – OCBC
US Dollar's (USD’s) rebound found momentum from a US court ruling, saying that Trump’s unilateral imposition of 'Liberation Day tariffs' under the International Emergency Economic Powers Act (IEEPA) is invalid.
DollarIndex
Banks
Technical Analysis
US Elections
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Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
Silver
Commodities
Metals
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New Zealand: RBNZ slashes OCR by 25 bps – UOB Group
As widely expected, the Reserve Bank of New Zealand (RBNZ) decided to lower the Official Cash Rate (OCR) for a sixth straight meeting by 25bps to 3.25%.
Banks
RBNZ
CentralBanks
NewZealand
InterestRate
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Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs - MUFG
MUFG made a nice cheatsheet on the range of possible acts that Trump could use to implement tariffs
market overview
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EUR: A leg to the downside – ING
EUR/USD is understandably lower on the US tariff news in that it slightly re-appraises US growth prospects and the risk premium attached to the US Dollar (USD), ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
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Russia says there are currently no plans for Putin to speak to Trump
Remarks by the Kremlin
Politics
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Fxstreet
NZD/USD Price Forecast: Finds support at 0.5950 near nine-day EMA
NZD/USD is trading around 0.5960 during the European hours on Thursday. The pair has trimmed its daily losses as a market bias remains neutral.
NZDUSD
Technical Analysis
Majors
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Forex Live
EURUSD breaks below the key support and comes back to retest it. Now what?
The EURUSD pair fell below the key support zone overnight on the US court ruling news but almost all the drop got erased soon after. What's next?
EUR
USD
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Fxstreet
EUR/USD: Interim downside pressure – OCBC
Euro (EUR) continued to drift lower amid broad US Dollar (USD) rebound. Pair was last at 1.1250 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
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Oil: Sentiment improves for now – ING
Oil markets strengthened yesterday as sanction risks against Russia increase, while the market appears to be losing hope that we’ll see a nuclear deal between the US and Iran. This might’ve led to the eventual lifting of oil sanctions.
Oil
Banks
Energy
OPEC
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WTI rallies further, approaching $63.00 boosted by a ban on tariffs
WTI Oil prices accelerated their recovery on Thursday, as a US court ruling against Trump’s tariffs boosted hopes for some normalisation in global trade, which will support crude demand.The US Court for International Trade ruled on Wednesday that Trump’s unilateral trade tariffs overstep the US Cong
WTI
Oil
Commodities
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EUR/USD must first close below 1.1200 to continue falling – UOB Group
Further weakness is not ruled out; it is unclear whether Euro (EUR) can break and hold below 1.1200 against US Dollar (USD). In the longer run, to continue to decline, EUR must first close below 1.1200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
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Fxstreet
Pound Sterling gains as US court dismisses Trump’s tariff policy
The Pound Sterling (GBP) recovers from early losses against the US Dollar (USD) and reclaims the key level of 1.3500 during North American trading hours on Thursday.
GBPUSD
BOE
UnitedKingdom
SEO
UnitedStates
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AUD/JPY maintains position above 93.50 due to risk-on sentiment
AUD/JPY continues its winning streak for the fifth successive day, trading around 93.60 during the European hours on Thursday.
AUDJPY
Crosses
Macroeconomics
Australia
Japan
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USD/CHF Price Forecast: Retraces to near 0.8300
The USD/CHF pair gives up a significant part of its initial gains and falls below 0.8300 during European trading hours on Thursday, from the intraday high of 0.8348. Still, the Swiss Franc pair is 0.35% higher around 0.83000.
USDCHF
DollarIndex
UnitedStates
SNB
SupportResistance
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EUR/USD returns to levels near 1.1300 as USD strength fades
EUR/USD is trading with moderate losses, around 1.1285 at the time of writing, after bouncing up from 1.1213 lows.
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Forex Live
Japan prime minister Ishiba reportedly arranging a call with Trump for later tonight
Fuji News Network reports on the matter
Politics
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Fxstreet
Chinese Commerce Ministry: China, US have maintained communications
Chinese Commerce Ministry said in a statement on Thursday, “China and US have used multilateral and bilateral occasions to maintain communications at various levels.”
China
UnitedStates
AUDUSD
TradeWar
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USD/CAD trades near 1.3800 after pulling back from weekly highs as Oil prices rise
USD/CAD loses ground after registering gains in the previous two consecutive sessions, trading around 1.3820 during the European hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.
USDCAD
Oil
Macroeconomics
Majors
Canada
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Silver Price Forecast: XAG/USD is forming a descending triangle with support at $32.60
Silver prices (XAG/USD) are showing moderate gains on Thursday, after bouncing up from the support area, at $32.60-32.70 but the broader picture remains mixed with price action contained within recent ranges.The fundamental background is unsupportive today.
XAGUSD
Silver
Technical Analysis
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Metals
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China reaffirms having maintained communications with US since Geneva talks
Remarks by the Chinese commerce ministry
CNY
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European indices hold higher to start the day
Markets are optimistic about the latest tariff developments
Stocks
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Fxstreet
Forex Today: Risk flows dominate markets ahead of US data
Here is what you need to know on Thursday, May 29:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
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Fxstreet
EUR/GBP weakens below 0.8400 amid prospect of ECB rate cuts
The EUR/GBP cross remains under selling pressure around 0.8375 during the early European session on Thursday. The Euro (EUR) weakens against the Pound Sterling (GBP) due to weak Eurozone data. Later on Thursday, Bank of England (BoE) Deputy Governor Sarah Breeden is set to speak.
EURGBP
Crosses
Macroeconomics
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Forex Live
What are the main events for today?
The highlights include the US Jobless Claims and a few Fed speakers. Keep also an eye for news on the tariffs front after today's court ruling.
market overview
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Fxstreet
Japan’s Trade Negotiator Akazawa: Want to meet with Bessent for ministerial talks
Japan’s Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Thursday that he “wants to meet with US Treasury Secretary Scott Bessent this time” to conduct ministerial talks.
Japan
USDJPY
UnitedStates
TradeWar
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Fxstreet
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.64 per barrel, up from Wednesday’s close at $61.62.
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Eurostoxx futures +1.1% in early European trading
A more buoyant mood as Trump's reciprocal tariffs hit a snag
Stocks
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Forex Live
Japan trade negotiator Akazawa says want to meet with Bessent for ministerial talks
Akazawa is leaving for Washington for tariff talks today and tomorrow
Politics
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Fxstreet
GBP/USD drifts lower below 1.3450 ahead of US GDP release
The GBP/USD pair trades in negative territory around 1.3435 during the early European session on Thursday. The Greenback strengthens against the Pound Sterling (GBP) after the US trade court blocks US President Donald Trump's sweeping tariffs.
GBPUSD
Majors
Macroeconomics
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Fxstreet
Japan’s Kato: Agreed with Bessent that exchange rate should be set by the market
Japanese Finance Minister Katsunobu Kato said on Thursday that he “agreed with US Treasury Secretary Scott Bessent that exchange rate should be set by the market.”
Japan
USDJPY
TradeWar
UnitedStates
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Japan finance minister says agreed with Bessent that exchange rate should be set by market
Remarks by Japan finance minister, Katsunobu Kato
JPY
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Forex Live
Heads up: Some markets in Europe are closed for a bank holiday today
That will keep things quieter in the session ahead
market overview
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Fxstreet
GBP/JPY Price Forecast: Sticks to strong intraday gains below 196.00 amid notable JPY weakness
The GBP/JPY cross prolonged its weekly uptrend for the fourth straight day on Thursday and climbed to the 196.30 area during the Asian session, back closer to a multi-month peak touched earlier this May.
GBPJPY
RiskAppetite
BOJ
Technical Analysis
Currencies
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Fxstreet
FX option expiries for May 29 NY cut
FX option expiries for May 29 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
News Discussion Forum
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Fxstreet
EUR/JPY holds gains near 164.00 as safe-haven demand for the Japanese Yen weakens
EUR/JPY has recovered its recent losses registered in the previous session, trading around 164.00 during the Asian hours on Thursday.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
News Discussion Forum
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Fxstreet
Gold price stalls intraday recovery amid positive risk tone; remains below $3,300 ahead of US data
Gold price (XAU/USD) struggles to capitalize on its intraday recovery from over a one-week low and remains below the $3,300 mark through the first half of the European session on Thursday, still in the red for the fourth straight day.
Gold
Commodities
RiskAppetite
Fed
SEO
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Fxstreet
NZD/USD attracts some sellers below 0.5950 as US court blocks Trump's reciprocal tariffs
The NZD/USD pair weakens to near 0.5935 during the early Asian trading hours on Thursday bolstered by a firmer US Dollar (USD). The renewed trade tensions between the United States (US) and China weigh on the China-proxy Kiwi.
NZDUSD
Majors
Macroeconomics
TradeWar
News Discussion Forum
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Fxstreet
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
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