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Gold price edges lower as US, China agree to reduce tariffs, eyes on US CPI data
Gold price edges lower as US, China agree to reduce tariffs, eyes on US CPI data
The Gold price (XAU/USD) edges lower to around $3,235 during the early Asian session on Tuesday. The precious metal remains on the defensive due to a stronger US Dollar (USD), higher US yields, and optimism on the US-China trade deal.
Gold
XAUUSD
Macroeconomics
Commodities
Japan finance minister Kato wants to discuss FX with Bessent
Japan finance minister Kato wants to discuss FX with Bessent
A transparent attempt here from Kato to verbally intervene in the slumping yen
US Trade Rep. Greer: If things don’t work out, China tariffs can go back up
US Trade Rep. Greer: If things don’t work out, China tariffs can go back up
US Trade Representative Jamieson Greer said late Monday that China has agreed to remove countermeasures. However, if things don’t work out, China tariffs can go back up.
UnitedStates
China
TradeWar
Macroeconomics
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
The NZD/USD pair trades in positive territory around 0.5865 during the Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the US and China announced a trade deal, easing fears of a trade war between the world’s two largest economies.
NZDUSD
Macroeconomics
Majors
BoJ Summary of Opinions: Member says uncertainty surrounding economy, price outlook is high
BoJ Summary of Opinions: Member says uncertainty surrounding economy, price outlook is high
The Bank of Japan (BoJ) published the Summary of Opinions from the monetary policy meeting on April 30 and May 1, 2025, with the key findings noted below.   
BOJ
Macroeconomics
China’s foreign minister meets Brazil counterpart in Beijing
China’s foreign minister meets Brazil counterpart in Beijing
It makes sense that China will be using the tariff pause to shore up trade deals with other countries - meeting with Brazil now
EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead
EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead
EUR/USD took a hard step lower on Monday, kicking off the new trading week with a fresh dip below 1.1000 before a late recovery pushed the pair back toward 1.1100.
EURUSD
TradeWar
CPI
Inflation
GDP
UK April consumer spending shows its biggest increase since June 2023
UK April consumer spending shows its biggest increase since June 2023
British Retail Consortium reported a 7.0% year-on-year rise in total retail sales, up from 1.1% in March — the strongest annual gain for any month since the pandemic.
USD/CAD extends upside above 1.3950 on firmer US dollar after US-China trade talks
USD/CAD extends upside above 1.3950 on firmer US dollar after US-China trade talks
The USD/CAD pair extends the rally to around 1.3975 during the early Asian session on Tuesday, bolstered by a stronger US Dollar (USD).
USDCAD
Majors
Macroeconomics
GBP/USD falls back as tariff cuts bolster market sentiment
GBP/USD falls back as tariff cuts bolster market sentiment
GBP/USD fell on Monday, tumbling a little over one percent and pushing the pair back down below the 1.3200 handle after a broad-based recovery in Greenback bidding.
GBPUSD
Inflation
Employment
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver price ended Monday’s session with losses of over 0.40% as upbeat news from last weekend's meetings between US and Chinese delegations delivered an agreement to reduce tariffs for 90 days, marking the beginning of negotiations.
XAGUSD
Silver
Technical Analysis
Metals
AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists
AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists
The AUD/NZD pair edged higher on Monday, trading near the 1.0900 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session.
Currencies
Crosses
Technical Analysis
Australia
AUDNZD
Bullish
USD/JPY surges as risk-on sentiment weighs on safe-haven Yen
USD/JPY surges as risk-on sentiment weighs on safe-haven Yen
The USD/JPY pair is trading near 148.00, up approximately 2% on the day, as risk-on sentiment dominates global markets following a significant breakthrough in US-China trade relations.
USDJPY
Majors
Currencies
Technical Analysis
Forexlive Americas FX news wrap: Massive across the board on trade war relief
Forexlive Americas FX news wrap: Massive across the board on trade war relief
Forex news for North American trading on May 12, 2025
Session wrap
Wrap Nth America
Banxico seen cutting rates 50 bps according to poll – Reuters
Banxico seen cutting rates 50 bps according to poll – Reuters
On May 15, Banco de México, also known as Banxico, is expected to reduce interest rates to 8.5%, according to a Reuters poll on Monday, despite high inflation levels near the top of the central bank’s range.
USDMXN
CentralBanks
Mexico
InterestRate
Banxico
EUR/JPY Price Analysis: Euro holds near 165.00 as bullish momentum builds
EUR/JPY Price Analysis: Euro holds near 165.00 as bullish momentum builds
The EUR/JPY pair advanced on Monday, trading near the 165.00 zone after the European session, reflecting a strong bullish tone as the market heads into the Asian session.
EURJPY
Crosses
Currencies
Technical Analysis
Bullish
Trump's Hassett says there are 24 countries lined up for trade talks over the next weeks
Trump's Hassett says there are 24 countries lined up for trade talks over the next weeks
Hasset is trying to appear relevant after all the attention on Bessent and Greer's trade war ceasefire agreement with China
Politics
USD
Mexican Peso slips as US-China deal boosts USD, Banxico rate cut bets weigh
Mexican Peso slips as US-China deal boosts USD, Banxico rate cut bets weigh
The Mexican Peso (MXN) is on the defensive against the US Dollar (USD) after developments over the weekend boosted the Greenback. A de-escalation of the US-China trade war, alongside expectations of a “large-sized” interest rate cut by the Banco de Mexico (Banxico), drove the USD/MXN pair higher.
USDMXN
Banxico
Mexico
EmergingMarkets
SEO
Australian Dollar under pressure as US-China trade talks shape global sentiment
Australian Dollar under pressure as US-China trade talks shape global sentiment
The Australian Dollar (AUD) is facing downward pressure as global trade dynamics shift, particularly between the United States (US) and China.
AUDUSD
Majors
Currencies
Australia
SEO
Fed's Goolsbee: New tariffs are certainly less stagflationary than previous path
Fed's Goolsbee: New tariffs are certainly less stagflationary than previous path
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee took a cautionary stance on the ever-evolving trade stance of the Trump administration on Monday.
Fed
CentralBanks
TradeWar
InterestRate
Forex Today: All the attention shifts to US Inflation data
Forex Today: All the attention shifts to US Inflation data
In a very positive start to the new trading week, the Greenback edged sharply higher following a fresh bout of optimism on the trade front, all after the auspicious US-China trade talks over the weekend.
Inflation
Currencies
EURUSD
Fed
DollarIndex
Why Apple will never leave China
Why Apple will never leave China
The company has trained 28 million workers -- more than the entire population of California
Canadian Dollar falls for a fourth straight session as markets get tariff tunnel vision
Canadian Dollar falls for a fourth straight session as markets get tariff tunnel vision
The Canadian Dollar (CAD) fell further on Monday, shedding around one-half of one percent against the US Dollar (USD) as investors broadly bid up the Greenback after the Trump administration proudly announced that they would be walking back their own triple-digit tariffs on Chinese imports.
USDCAD
SEO
Inflation
TradeWar
US Dollar rallies after US-China trade talks, Fed speakers
US Dollar rallies after US-China trade talks, Fed speakers
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.
DollarIndex
Currencies
SEO
TradeWar
USD/CAD extends gains on trade optimism, policy divergence, and upcoming US data
USD/CAD extends gains on trade optimism, policy divergence, and upcoming US data
The US Dollar (USD) is trading higher against the Canadian Dollar (CAD) at the start of the week, supported by renewed risk appetite following a US–China trade agreement, diverging interest rate expectations, and anticipation of major US economic data. 
USDCAD
Majors
Macroeconomics
Currencies
Dow Jones Industrial Average moonshots on US-China tariff walkback
Dow Jones Industrial Average moonshots on US-China tariff walkback
The Dow Jones Industrial Average (DJIA) surged higher on Monday, rising over 1,100 points and climbing back above 42,400 for the first time since early April.
DowJones
Equities
SEO
TradeWar
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
The EUR/CAD pair traded near the 1.5600 zone on Monday, reflecting a minor loss after the European session as selling pressure persisted. The pair remains within the middle of its daily range, suggesting cautious sentiment as traders assess the broader outlook.
Crosses
Currencies
Technical Analysis
EURCAD
BoE's Taylor: Tariff shock was bigger than anyone expected
BoE's Taylor: Tariff shock was bigger than anyone expected
Bank of England's external Monetary Policy Committee member Alan Taylor noted a prevailing sense of precaution and concern among firms, adding that the tariff shock had been larger than anticipated.
BOE
CentralBanks
Currencies
UnitedKingdom
GBPUSD
USD/CHF rallies as US-China trade truce lifts Dollar sentiment
USD/CHF rallies as US-China trade truce lifts Dollar sentiment
The USD/CHF pair is trading higher, supported by a broad rally in the US Dollar (USD) following a significant breakthrough in US-China trade relations.
USDCHF
Majors
Currencies
Fundamental Analysis
Were the last six weeks all a bad dream?
Were the last six weeks all a bad dream?
Deutsche Bank on the state of play after the latest twist
market overview