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WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
West Texas Intermediate (WTI) Oil price edges higher after registering losses in the previous session, trading around $61.10 per barrel during the European hours on Wednesday.
Oil
WTI
Macroeconomics
Commodities
Majors
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
ECB survey: Eurozone Consumer Inflation Expectations stretch to 3.1% over next 12 months in April
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Wednesday that Eurozone inflation is likely to trend higher for the year ahead in April.
Inflation
Eurozone
EconomicIndicator
EURUSD
Germany May unemployment change 34k vs 10k expected
Germany May unemployment change 34k vs 10k expected
Latest data released by the Federal Employment Agency - 28 May 2025
Pound Sterling extends losses against US Dollar as trade concerns ease
Pound Sterling extends losses against US Dollar as trade concerns ease
The Pound Sterling (GBP) extends its correction to near 1.3460 against the US Dollar (USD) during European trading hours on Wednesday.
GBPUSD
BOE
Fed
DollarIndex
SEO
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Forex Today: US Dollar extends recovery ahead of FOMC Minutes
Here is what you need to know on Wednesday, May 28:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump's decision to delay tariff
Silver
XAGUSD
DollarIndex
Commodities
European indices open lightly changed to start the day
European indices open lightly changed to start the day
A more tentative mood as we get things going on the session
EUR/GBP holds below 0.8400 ahead of German employment data
EUR/GBP holds below 0.8400 ahead of German employment data
The EUR/GBP cross trades with mild gains around 0.8390 during the early European session on Wednesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) amid the de-escalation of trade tensions between the European Union (EU) and the United States (US).
EURGBP
Crosses
Macroeconomics
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut
FX option expiries for May 28 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
France Q1 final GDP +0.1% vs +0.1% q/q prelim
France Q1 final GDP +0.1% vs +0.1% q/q prelim
Latest data released by INSEE - 28 May 2025
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A more tepid tone after the slight advance yesterday
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.92 per barrel, up from Tuesday’s close at $60.89.
Oil
WTI
Commodities
Bullish
Germany April import prices -1.7% vs -1.4% m/m expected
Germany April import prices -1.7% vs -1.4% m/m expected
Latest data released by Destatis - 28 May 2025
What are the main events for today?
What are the main events for today?
We have only low tier releases today culminating with the FOMC Meeting Minutes
market overview
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
USD/CHF gains traction above 0.8250 as traders await FOMC Minutes
The USD/CHF pair gains ground to near 0.8285 during the early European session on Wednesday. Better-than-expected US Consumer Confidence data and improved risk sentiment provide some support to the US Dollar (USD).
USDCHF
Majors
Macroeconomics
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes
The USD/CAD pair is seen prolonging this week's goodish recovery move from the 1.3685 area, or its lowest level since October 2024, for the third consecutive day on Wednesday.
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY halts its two-day winning streak, trading around 163.30 during the Asian hours on Wednesday. The weakening of a bullish bias appears as the currency cross remains slightly below the lower boundary of the ascending channel, as suggested by the technical analysis of the daily chart.
EURJPY
Crosses
Technical Analysis
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
US Dollar Index (DXY) advances to weekly top around 99.80; lacks bullish conviction
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains positive traction for the second consecutive day on Wednesday and moves further away from the monthly low touched earlier this week.
DollarIndex
Recession
Fed
FiscalPolicy
Currencies
Bullish
Japan autos facing big impact from US tariffs, says Akazawa
Japan autos facing big impact from US tariffs, says Akazawa
Akazawa speaks in parliament before making a trip to Washington later in the week
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price retains positive bias and refreshes daily top; holds above $3,300 ahead of FOMC Minutes
Gold price (XAU/USD) looks to build on modest intraday gains and climbs to a fresh daily peak, around the $3,323-3,324 area during the first half of the European session.
Gold
Commodities
FiscalPolicy
Fed
SEO
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD recovers its recent losses from the previous session, trading around 0.5970 during the Asian hours on Wednesday. The pair appreciates as the New Zealand Dollar (NZD) gains ground following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
NZDUSD
Macroeconomics
Majors
NewZealand
RBNZ
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
India
Metals
GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550
GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550
The GBP/USD pair attracts some sellers to around 1.3480 during the Asian trading hours on Wednesday. The Greenback strengthens against the Pound Sterling (GBP) on the encouraging economic signs in the United States (US). 
GBPUSD
Majors
Technical Analysis
Bullish
EUR/USD falls toward 1.1300 as bond market optimism outweighs impact of US-EU tariff delay
EUR/USD falls toward 1.1300 as bond market optimism outweighs impact of US-EU tariff delay
EUR/USD continues its losses for the second successive day, trading around 1.1310 during the Asian hours on Wednesday.
EURUSD
Majors
Macroeconomics
Eurozone
ForexLive Asia-Pacific FX news wrap: RBNZ 25bp rate cut, with a dissent
ForexLive Asia-Pacific FX news wrap: RBNZ 25bp rate cut, with a dissent
Forex news for Asian trading on Wednesday, May 28, 2025
Session wrap
Wrap Asia
RBNZ’s Hawkesby: Decision to hold vote on rates was healthy sign, not unusual at turning points
RBNZ’s Hawkesby: Decision to hold vote on rates was healthy sign, not unusual at turning points
Reserve Bank of New Zealand’s (RBNZ) acting Governor Christian Hawkesby explains the decision to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.25% at a press conference following the May monetary policy meeting on Wednesday.
CentralBanks
RBNZ
InterestRate
NewZealand
NZDUSD
Japanese Yen rebounds from one-week low against USD; lacks follow-through ahead of FOMC minutes
Japanese Yen rebounds from one-week low against USD; lacks follow-through ahead of FOMC minutes
The Japanese Yen (JPY) bounces off over a one-week trough touched against its American counterpart earlier this Wednesday, though the uptick lacks follow-through. Investors now seem convinced that the Bank of Japan (BoJ) will continue raising interest rates amid the broadening inflation in Japan.
USDJPY
BOJ
InterestRate
Fed
SEO
Silver Price Forecast: XAG/USD posts gains near $33.50 after losing over half a percent
Silver Price Forecast: XAG/USD posts gains near $33.50 after losing over half a percent
Silver price (XAG/USD) recovers its recent losses registered in the previous session, trading around $33.30 per troy ounce during the Asian hours on Wednesday. However, the precious metals, including Silver, faced selling pressure amid a strengthening US Dollar (USD).
Silver
XAGUSD
Macroeconomics
Commodities
Metals
NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%
NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%
The NZD/USD pair gains ground to around 0.5965 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
NZDUSD
RBNZ
InterestRate
Macroeconomics
Majors
Australian Dollar struggles as US Dollar appreciates ahead of FOMC Minutes
Australian Dollar struggles as US Dollar appreciates ahead of FOMC Minutes
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Wednesday for the third successive session. The AUD/USD pair loses ground after the release of the Monthly Consumer Price Index (CPI).
AUDUSD
SEO
Majors
Macroeconomics
Australia
USD/INR jumps on MSCI-driven outflows, eyes on FOMC Minutes
USD/INR jumps on MSCI-driven outflows, eyes on FOMC Minutes
The Indian Rupee (INR) weakens on Wednesday. Foreign outflows worth $900 million from Zomato due to MSCI index rebalancing, along with the expectations of interest rate cuts by the Reserve Bank of India (RBI) weigh on the local currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
AUD/NZD slides back closer to 1.0800 after RBNZ’s widely expected 25 bps rate cut
AUD/NZD slides back closer to 1.0800 after RBNZ’s widely expected 25 bps rate cut
The AUD/NZD cross attracts some dip-buying near the 1.0815 area during the Asian session on Wednesday, though it lacks follow-through.
AUDNZD
RBNZ
RBA
Inflation
Currencies
China MofCom offers strong opportunities to German SMEs to invest and grow
China MofCom offers strong opportunities to German SMEs to invest and grow
China’s Vice Commerce Minister and Deputy International Trade Representative, Ling Ji, met with a group of German small and medium-sized enterprise (SME) representatives in Beijing.
Wall Street Journal: Putin Has Retooled Russia’s Economy to Focus Only on War
Wall Street Journal: Putin Has Retooled Russia’s Economy to Focus Only on War
"Moscow has expanded military recruitment and boosted weapons production. Peace could jeopardize the economic gains."
ukraine
rub
Australia’s monthly CPI inflation steadies at 2.4% YoY in April vs. 2.3% expected
Australia’s monthly CPI inflation steadies at 2.4% YoY in April vs. 2.3% expected
Australia’s monthly Consumer Price Index (CPI) steadied at 2.4% in the year to April, compared to a 2.4% rise seen in March, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
Australia
CPI
Inflation
Macroeconomics
Australian monthly CPI (April 2025) 2.4% y/y (vs. 2.3% expected)
Australian monthly CPI (April 2025) 2.4% y/y (vs. 2.3% expected)
The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.
PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1876 previous
PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1876 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1894 as compared to the previous day's fix of 7.1876 and 7.1996 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies