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US MBA mortgage applications w.e. 9 May +1.1% vs +11.0% prior
US MBA mortgage applications w.e. 9 May +1.1% vs +11.0% prior
Latest data from the Mortgage Bankers Association for the week ending 9 May 2025
EUR: Not in a prime position to rally – ING
EUR: Not in a prime position to rally – ING
EUR/USD is back to trading close to the 1.120 mark, entirely driven by the swings in the dollar following the US-China deal and CPI numbers, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
Oil: Iranian sanctions – ING
Oil: Iranian sanctions – ING
ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker USD following a cooler-than-expected US consumer price index (CPI) provided some tailwinds to the oil market.
Oil
Banks
Commodities
Energy
WTI
AUD/USD climbs as Australian wage growth beats expectations
AUD/USD climbs as Australian wage growth beats expectations
The Australian Dollar (AUD) strengthened further against the US Dollar (USD) on Wednesday, with the AUD/USD pair rising close to the 0.6500 psychological level, up nearly 2% so far this week, buoyed by a combination of weaker US Consumer Price Index (CPI) data and stronger-than-expected wage growth
AUDUSD
InterestRate
RBA
NZD/USD: RBNZ to keep cutting in May – ING
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
NZDUSD
Technical Analysis
RBNZ
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1850 and 7.2100. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
The USD/JPY pair plunges to near 145.80 during European trading hours on Wednesday. The pair faces a sharp sell-off as the US Dollar (USD) has been hit hard by the soft United States (US) Consumer Price Index (CPI) data for April.
USDJPY
Fed
BOJ
Inflation
DollarIndex
AUD/USD: Cheering the US-China de-escalation – ING
AUD/USD: Cheering the US-China de-escalation – ING
USD and the Australian dollar are the biggest beneficiaries in G10 from a de-escalation in US-China trade tensions, ING's FX analysts Francesco Pesole and Chris Turner note.
AUDUSD
Banks
Technical Analysis
USD/JPY: Further USD strength is likely – UOB Group
USD/JPY: Further USD strength is likely – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.20. In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD observed volatility has eased back significantly, as the loonie seems to be trading again as an extension of US-growth sentiment – and is therefore more correlated with USD, ING's FX analysts Francesco Pesole and Chris Turner note.
USDCAD
Banks
Technical Analysis
Canada
BOC
EUR/USD strengthens as soft US inflation data keeps US Dollar on backfoot
EUR/USD strengthens as soft US inflation data keeps US Dollar on backfoot
EUR/USD trades firmly near 1.1250 during North American trading hours on Wednesday.
EURUSD
ECB
Fed
Inflation
SEO
NZD/USD: Likely to rise further – UOB Group
NZD/USD: Likely to rise further – UOB Group
New Zealand Dollar (NZD) is likely to rise further; it is unlikely to be able to break clearly above 0.5965. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
GBP/USD: Some emerging optimism for the pound – ING
GBP/USD: Some emerging optimism for the pound – ING
Pound Sterling (GBP) is holding up quite well as UK Prime Minister Keir Starmer delivers some wins on trade and geopolitics, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
GBPUSD
Technical Analysis
Crude oil is back at the key resistance zone as a breakout becomes likely
Crude oil is back at the key resistance zone as a breakout becomes likely
The crude oil market is coming back to life as more positive global growth expectations are giving oil prices a boost
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
Scope for further Australian Dollar (AUD) strength against the US Dollar (USD), but any advance is likely part of a higher range of 0.6420/0.6515. In the longer run, to continue to rise, AUD must break and hold above 0.6515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Fed's Goolsbee: Some parts of April inflation represent lagged nature of data
Fed's Goolsbee: Some parts of April inflation represent lagged nature of data
In an interview with National Public Radio (NPR) on Wednesday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that some parts of the April inflation report represent the lagged nature of the data, adding that the Fed is still holding its breath.
CentralBanks
Fed
B2PRIME Strengthens Institutional Team’s Growth with Appointment of Lee Shmuel Goldfarb
B2PRIME Strengthens Institutional Team’s Growth with Appointment of Lee Shmuel Goldfarb
News Discussion Forum
By Finance Magnates
B2PRIME Strengthens Institutional Team’s Growth with Appointment of Lee Shmuel Goldfarb
Lee joins B2PRIME from Edgewater Markets, where he led institutional sales
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Most recent article: Silver price today: Silver falls, according to FXStreet data
Silver
Commodities
Metals
USD/JPY: Quite the round trip! – ING
USD/JPY: Quite the round trip! – ING
The Japanese Yen (JPY) was one of the prime beneficiaries of the ‘sell America’ theme that we briefly saw in April, ING's FX analysts Francesco Pesole and Chris Turner note.
USDJPY
Banks
Technical Analysis
BOJ
Japan
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.50 during the European hours on Wednesday.
DollarIndex
Technical Analysis
Majors
TRY: Balance of payments data signal more risk – Commerzbank
TRY: Balance of payments data signal more risk – Commerzbank
The Turkish balance of payments data for March published yesterday are perhaps out of date already, but they brought early warning signs that foreign capital flow could reverse under political or market volatility.
USDTRY
Turkey
Banks
CBRT
Spotware Partners with Markets Act; Expands Presence in Asia with Malaysia Office
Spotware Partners with Markets Act; Expands Presence in Asia with Malaysia Office
News Discussion Forum
By Finance Magnates
Spotware Partners with Markets Act; Expands Presence in Asia with Malaysia Office
Markets Act, a forex and CFD broker, has partnered with Spotware to integrate the cTrader platform into its trading offerings. . Meanwhile, Spotware has opened an office in Kuala Lumpur, Malaysia .
ctrader
Spotware
retail FX
retail forex
retail
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
Pound Sterling (GBP) could continue to rebound against US Dollar (USD), but any advance is likely limited to a test of 1.3340. In the longer run, buildup in momentum has faded; GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
IUX Achieves Milestone with Unprecedented Trading Volume in 2025
IUX Achieves Milestone with Unprecedented Trading Volume in 2025
News Discussion Forum
By Finance Magnates
IUX Achieves Milestone with Unprecedented Trading Volume in 2025
At the heart of IUX’s success is its community of traders.
IUX Markets
ECB's Nagel: Role of the Euro will become stronger as a reserve currency over the next few years
ECB's Nagel: Role of the Euro will become stronger as a reserve currency over the next few years
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel is speaking at a panel discussion at the New Economy forum in Madrid on Wednesday.
ECB
CentralBanks
InterestRate
EURUSD
China April M2 money supply +8.0% vs +7.3% y/y expected
China April M2 money supply +8.0% vs +7.3% y/y expected
Latest Chinese credit data for April 2025 has been released
London’s Fintech FOMO: Treasury Woos Revolut and Monzo for IPOs
London’s Fintech FOMO: Treasury Woos Revolut and Monzo for IPOs
News Discussion Forum
By Finance Magnates
London’s Fintech FOMO: Treasury Woos Revolut and Monzo for IPOs
UK Treasury holds meeting to urge Revolut, Monzo, and other fintech stars to list in London as IPO drought deepens and global rivals circle.
revolut
Monzo
fintech
london
London Stock Exchange
Implications of the US inflation figures – Commerzbank
Implications of the US inflation figures – Commerzbank
The US Dollar (USD) depreciated significantly yesterday following the weaker-than-expected US inflation data. At first glance, this may seem logical. After all, subdued inflationary pressure favours potentially faster interest rate cuts by the Fed. However, the reaction was anything but trivial.
DollarIndex
Banks
Inflation
Fed
Prop Firm City Traders Imperium Opens Offshore Comoros Entity to Launch In-House MT5
Prop Firm City Traders Imperium Opens Offshore Comoros Entity to Launch In-House MT5
News Discussion Forum
By Finance Magnates
Prop Firm City Traders Imperium Opens Offshore Comoros Entity to Launch In-House MT5
City Traders Imperium (CTI) has announced the addition of an in-house MetaTrader 5 (MT5) platform from MetaQuotes to its offering. This move places CTI among a growing number of challenge-based ret...
prop firms
proprietary trading
City Traders Imperium
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
West Texas Intermediate (WTI) US Crude Oil prices remain depressed through the early European session on Wednesday and for now, seem to have snapped a four-day winning streak to mid-$63.00s, or over a two-week high touched the previous day.
Oil
Commodities
Technical Analysis
WTI
EUR/USD: Cyclical versus structural challenges – ING
EUR/USD: Cyclical versus structural challenges – ING
The dollar is doing its best to unwind April's sharp losses, ING's FX analysts Francesco Pesole and Chris Turner note.
EURUSD
Banks
Technical Analysis
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
Euro (EUR) could rebound further vs US Dollar (USD), but any advance is likely part of a higher range of 1.1125/1.1225.
Technical Analysis
EURUSD
Banks
Silver Price Forecast: XAG/USD holds losses below $33.00 as safe-haven demand weakens
Silver Price Forecast: XAG/USD holds losses below $33.00 as safe-haven demand weakens
Silver price (XAG/USD) halts its four-day winning streak, trading around $32.80 per troy ounce during the European hours on Wednesday. The metal’s safe-haven appeal has weakened amid easing global trade tensions.
Silver
Macroeconomics
Majors
Commodities
Metals
EURUSD is approaching a key resistance amid some dollar weakness
EURUSD is approaching a key resistance amid some dollar weakness
There was no catalyst for the sudden weakness in the US Dollar but this move could offer a great opportunity for dollar bulls
Gold turns flat with a little bit of help from a weaker Greenback
Gold turns flat with a little bit of help from a weaker Greenback
Gold (XAU/USD) dips back to $3,235 on Wednesday while the worst of the selling pressure seems to be over due to a softer US Dollar (USD).  The softer-than-expected inflation reading for April released on Tuesday, gave markets a push to head into Risk On assets, with the widely-feared inflation shock
Gold
Commodities
UnitedStates
SEO
TradeWar
ECB's Nagel: June rate decision will depend on incoming data
ECB's Nagel: June rate decision will depend on incoming data
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Wednesday that June's interest rate decision will depend on incoming data.
ECB
CentralBanks
EURUSD
InterestRate
USDCHF returns inside the big range as the short positioning in the USD unwinds
USDCHF returns inside the big range as the short positioning in the USD unwinds
The USDCHF pair broke out of the big range during the April risk off flows but has now bounced back inside the range. What's next?
Dollar selling picks up to start the session
Dollar selling picks up to start the session
EUR/USD comes close to filling the opening gap lower from Monday