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USD/JPY: Upward momentum has dissipated – UOB Group
USD/JPY: Upward momentum has dissipated – UOB Group
Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
What are the interest rates expectations after this week's events and data?
What are the interest rates expectations after this week's events and data?
Expectations consolidated for most central banks. The economic data will determine the next direction for the repricing.
market overview
USD/JPY: Short bias on the daily charts – OCBC
USD/JPY: Short bias on the daily charts – OCBC
USD/JPY continued to trade lower amid decline in UST yields. Pair was last at 145.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
RUB: Unrealistic optimism – Commerzbank
RUB: Unrealistic optimism – Commerzbank
USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.
USDRUB
RussianFederation
Banks
DXY: Slight downside risk – OCBC
DXY: Slight downside risk – OCBC
USD turned lower, tracking UST yields lower. DXY was last at 100.75 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
NZD/USD: Under mild downward pressure – UOB Group
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. 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
US natural gas prices drop 3.7% on storage data – ING
US natural gas prices drop 3.7% on storage data – ING
US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
UnitedStates
Energy
Banks
S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline
S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline
South Korea's Trade Minister Ahn Duk-geun said on Friday that “there is a possibility that the trade deal might come after the 8 July deadline.”
SouthKorea
USDKRW
TradeWar
UnitedStates
AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group
AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group
Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD).
AUDUSD
Technical Analysis
Banks
Iran nuclear deal hopes – ING
Iran nuclear deal hopes – ING
The oil market sold off yesterday following comments from President Trump that the US and Iran were moving closer towards a nuclear deal, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Banks
Commodities
Energy
GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group
GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group
Pound Sterling (GBP) could trade in a range of 1.3270/1.3345. In the longer run, 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
Banks
Technical Analysis
What drives the repricing in interest rates expectations is key for the market
What drives the repricing in interest rates expectations is key for the market
The two main drivers of the repricing are growth and inflation. It's important to distinguish the main driver of the repricing because you can have different outcomes.
market overview
USD: Dovish momentum re-emerging – ING
USD: Dovish momentum re-emerging – ING
This week’s data flow has been quite dovish for the Federal Reserve. After the soft April CPI, PPI dropped by 0.5% month-on-month, against expectations of a 0.2% rise, with significant upward revisions for March data.
DollarIndex
Banks
Technical Analysis
Fed
Gold slides 2% lower with peace talks in Turkey going ahead
Gold slides 2% lower with peace talks in Turkey going ahead
Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday while multiple questions and concerns arise in markets and amongst traders.
Gold
Commodities
UnitedStates
SEO
TradeWar
EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group
EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group
Euro (EUR) is expected to continue to range trade, likely between 1.1145 and 1.1235. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR: Tied to 1.12, but looking up – ING
EUR: Tied to 1.12, but looking up – ING
The Euro (EUR) has been only marginally impacted by domestic news this week. 1Q growth was revised a touch lower from 0.4% to 0.3% yesterday, although March industrial production figures were stronger than expected, ING's FX analyst Francesco Pesole notes
Banks
EURUSD
Technical Analysis
President Trump: US officials will send letters out soon to countries for trade deals
President Trump: US officials will send letters out soon to countries for trade deals
Speaking in Abu Dhabi on Friday, US President Donald Trump said that “his official will will send letters out soon to countries for trade deals.”
UnitedStates
China
TradeWar
DollarIndex
Fed’s Bostic sees just one rate cuts this year amid uncertainty
Fed’s Bostic sees just one rate cuts this year amid uncertainty
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Friday that he “sees just one rate cuts this year amid uncertainty.”
Fed
DollarIndex
InterestRate
CentralBanks
Forex Today: Market focus shifts to US consumer sentiment data
Forex Today: Market focus shifts to US consumer sentiment data
Here is what you need to know on Friday, May 16:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Italy April final CPI +1.9% vs +2.0% y/y prelim
Italy April final CPI +1.9% vs +2.0% y/y prelim
Latest data released by Istat - 16 May 2025
Pound Sterling weakens against USD even as Michigan Sentiment data slides again
Pound Sterling weakens against USD even as Michigan Sentiment data slides again
The Pound Sterling (GBP) turns upside down below 1.3330 against the US Dollar (USD) in Friday’s North American session.
GBPUSD
Fed
BOE
Inflation
SEO
US-China trade truce should be extended, says Global Times
US-China trade truce should be extended, says Global Times
The state-owned media outlet says that 90 days might not be enough to produce anything meaningful
WTI falls to near $61.00, weekly gains capped by global oversupply concerns
WTI falls to near $61.00, weekly gains capped by global oversupply concerns
West Texas Intermediate (WTI) Oil price continues its losing streak for the third successive session, trading around 61.10 per barrel during the early European hours on Friday.
Oil
WTI
Macroeconomics
Commodities
Majors
European indices slightly higher at the open in final stretch of the week
European indices slightly higher at the open in final stretch of the week
It's been a positive week overall, largely thanks to the Monday jump
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.92, with the EUR/INR pair rising from its previous close at 95.69.
USDINR
Currencies
EmergingMarkets
Macroeconomics
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY remains subdued around 93.20 during Asian trading hours on Friday, extending its losses for the third successive session. The currency cross has given up its daily gains as the Japanese Yen (JPY) appreciates despite weaker domestic data.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
The GBP/JPY cross extends its downside to near 193.40 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Pound Sterling (GBP) despite Japan’s disappointing GDP report. 
GBPJPY
Crosses
Macroeconomics
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $959.22 a troy ounce, with the XPD/USD pair easing from its previous close at $964.05.
Metals
Commodities
Palladium
What are the main events for today?
What are the main events for today?
The US University of Michigan Consumer Sentiment report is the only highlight
market overview
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.14 per barrel, down from Thursday’s close at $61.24.
Oil
Commodities
WTI
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance
EUR/GBP is rebounding from recent losses, trading near 0.8420 during Friday’s Asian session.
EURGBP
Crosses
Macroeconomics
Eurozone
UnitedKingdom
One key chart to watch out for in the months ahead
One key chart to watch out for in the months ahead
As US-China tariffs are reduced for the time being, what's the potential impact?
market overview