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US Treasury Sec. Bessent: All aspects of government are in contact with China
In an interview with CNBC on Monday, US Treasury Secretary Scott Bessent said that the all aspects of the government are in contact with China, per Reuters.
China
UnitedStates
Macroeconomics
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ForexLive European FX news wrap: Dollar steady, markets wait on more trade developments
Forex news from the European morning session on Apr 28, 2025
Session wrap
Wrap Europe
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Fxstreet
JPY is up slightly – Scotiabank
Japanese Yen (JPY) is entering Monday’s NA session with a marginal gain against the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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Fxstreet
GBP outperforming with marginal gain – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% in quiet trade, outperforming most of the G10 currencies heading into Monday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
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Fxstreet
EUR soft in quiet trade – Scotiabank
Euro (EUR) is soft, entering Monday’s session with a marginal decline against the US Dollar (USD) and underperforming most of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
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CAD holds near fair value as markets await election outcome – Scotiabank
The Canadian Dollar (CAD) is all but unchanged on the session as the country goes to the polls.
Technical Analysis
Canada
BOC
USDCAD
Banks
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Fxstreet
USD narrowly mixed in quiet trade – Scotiabank
Trading is off to a quiet start in NFP week. Asian and European stocks are mixed to a little firmer but US equity futures are down slightly, while bonds are a tad softer. The US Dollar (USD) itself is mixed.
Technical Analysis
Fed
Banks
DollarIndex
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Putin declares truce for Victory Day May 7-11th
Temporary ceasefire for May public holidays
Politics
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Fxstreet
AUD/USD trades indecisively around 0.6400, US-Aussie data in focus
The AUD/USD pair recovers initial losses and turns flat around 0.6400 during European trading hours on Monday. The Aussie pair trades indecisively as investors await a slew of United States (US) economic and Australian Consumer Price Index (CPI) data, which will be released this week.
AUDUSD
RBA
Fed
Inflation
China
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JPY: Room for further JPY strength even if BoJ expresses more caution – MUFG
The tentative improvement in global investor risk sentiment contributed to the underperformance of the yen over the past week alongside the other traditional safe haven currency of the Swiss franc.
Technical Analysis
BOJ
Japan
USDJPY
Banks
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USD: Will the nonfarm payrolls report support expectations for Fed cuts? – MUFG
The major currency rates have remained relatively stable overnight following on from last week’s modest rebound for the US dollar.
Technical Analysis
Fed
Banks
DollarIndex
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Fxstreet
US Dollar in quiet Monday with traders looking ahead to US GDP, NFP and geopolitics this week
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is going nowhere this Monday while residing near the 100.00-marker.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
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Fxstreet
Pushing the USD’s limits – DBS
Donald Trump's tariff policies and protectionist agenda pose long-term risks to the US dollar, destabilizing financial markets and eroding trust in American institutions that have supported the dollar’s dominance, DBS' FX analyst Philip Wee notes.
Technical Analysis
Banks
DollarIndex
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Fxstreet
China’s copper stocks see record weekly drop – ING
The latest data from the Shanghai Futures Exchange (SHFE) shows that copper inventories in China fell significantly by 54,858 tonnes for a fifth consecutive week to 116,753 tonnes as of last Friday.
Metals
China
Copper
Commodities
Banks
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TRY: Reversal all over again – Commerzbank
The situation surrounding the Turkish lira is, once again, deteriorating, Commerzbank's FX analyst Tatha Ghose notes.
Turkey
CBRT
Banks
USDTRY
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Pound Sterling starts the week on a strong note
The Pound Sterling (GBP) outperforms its peers at the start of the week despite firm expectations that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 4.25% in the policy meeting on May 8.
China
Fed
SEO
BOE
GBPUSD
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RUB: Not really dovish – Commerzbank
Russia’s central bank (CBR) left its key rate unchanged on Friday as had been unanimously expected.
USDRUB
RussianFederation
CentralBanks
InterestRate
Banks
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Trump sees no red line that would change tariff policy - The Atlantic
This is regarding financial markets behaviour
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CAD: Canada goes to the polls – ING
Canada holds a general election today; here is our market guide to the vote, ING's FX analyst Francesco Pesole notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
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GBPUSD consolidates around cycle highs as the momentum wanes
The overstretched dollar shorts might be in danger in case we get more positive news on the tariffs front
GBP
USD
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USD/JPY: Rebound finds resistance – OCBC
Rebound in USD/JPY continued as the Bessent-Kato meeting saw no mention of FX levels. Pair was last at 143.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
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We are still demanding a full removal of US tariffs, says Japan economy minister
Akazawa reaffirms that there is no change to Japan's position in negotiations
Politics
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European gas prices slide to 9-month lows – ING
In gas, natural gas prices in Europe extended declines for a fourth straight session and fell around 4.9% day-on-day at one point in time to trade below EUR32/MWh (the lowest since July) on Friday, ING's commodity experts Ewa Manthey and Warren Patterson note.
Europe
Energy
Gas
Banks
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Fxstreet
USD: Positioning data shows a split in activity – ING
It's been a quiet start to the week in financial markets, with cross-market levels of volatility falling. There has not been too much tariff-related news over the weekend, although it does seem US consumers could soon start to feel the bite.
Technical Analysis
Banks
DollarIndex
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Inflation expectations among US consumers – Commerzbank
It is looking less and less likely that the dramatic rise in long-term inflation expectations among US consumers, as measured by the University of Michigan for the second month in a row, is actually a random outlier – a measurement error. Fed Chair Jay Powell recently dismissed it as such.
Fed
UnitedStates
CPI
Inflation
Banks
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UK April CBI retailing reported sales -8 vs -41 prior
Latest data released by CBI - 28 April 2025
GBP
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Fxstreet
DXY: Technical rebound on the daily charts – OCBC
Dollar Index (DXY) held on to recent gains amid relative calm (no fresh tariff angst). While tariff uncertainties linger, recent developments pointed to signs of de-escalation. DXY was last at 99.62 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
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Fxstreet
Oil: Crude sees modest gains – ING
The oil market managed to trade marginally higher in the early morning today, with ICE Brent trading above $67/bbl, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
WTI
Brent
Banks
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Fxstreet
EUR: The ECB is sounding pretty dovish – ING
The mood music coming from the European Central Bank (ECB) sounds pretty dovish, with some even happy to speculate over 50bp of rate cuts, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
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Fxstreet
Tariff policy risks empty shelves in the US – Commerzbank
The US president continues to insist that China's president recently called him. The Chinese side denies this. And the US Treasury Secretary also refuses to confirm it. We have long since entered a world in which a Chinese ministerial official can be trusted more than the US President.
China
TradeWar
UnitedStates
Banks
DollarIndex
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Fxstreet
Gold looks heavy after Bessent and Rollins confirms trade deal offers are piling up
Gold price (XAU/USD) is ticking lower under some profit taking, trading around $3,290 at the time of writing on Monday.
TradeWar
UnitedStates
SEO
Gold
Commodities
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Fxstreet
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver
Commodities
Metals
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Forex Live
Crude oil continues to consolidate around the key resistance zone
The OPEC+ production hikes weigh on the market but positive expectations on the trade negotiations front keeps the buyers optimistic
Oil
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Fxstreet
WTI falls to near $62.50 due to potential Iranian crude, OPEC+ production increase
West Texas Intermediate (WTI) Oil price is trading lower at around $62.70 per barrel during the European hours on Monday. Crude Oil prices continue to decline as progress in US-Iran nuclear talks raises the prospect of Iranian crude re-entering the market.
Oil
WTI
Macroeconomics
Commodities
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Forex Live
What are the interest rate expectations for G8FX?
The market's pricing is barely changed since Friday as expectations consolidated while we await new information on the trade negotiations side
market overview
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Fxstreet
EUR/USD drops ahead of US-Eurozone data-packed week
EUR/USD edges lower to near 1.1345 in North American trading hours on Monday.
ECB
EURUSD
TradeWar
SEO
DollarIndex
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Fxstreet
USD/CAD Price Forecast: Tests nine-day EMA near 1.3900 resistance level
The USD/CAD pair gains ground for the second successive day, trading around 1.3890 during the European session on Monday. However, technical analysis on the daily chart indicates a prevailing bearish trend, with the pair continuing to move lower within a clearly defined descending channel.
Technical Analysis
USDCAD
Majors
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Forex Live
The S&P 500 is testing a key trendline in a make or break moment
The S&P 500 pulled all the way back to a key trendline as de-escalation kept favouring the upside
S&P Futures
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Fxstreet
NZD/USD depreciates to near 0.5950 due to improved US Dollar sentiment
The NZD/USD pair continues to weaken for the second consecutive session, trading near 0.5940 during Monday’s European session. The decline is largely driven by a strengthening US Dollar (USD) amid signs of easing tensions between the US and China.
NZDUSD
Macroeconomics
Majors
NewZealand
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SNB total sight deposits w.e. 25 April CHF 451.1 bn vs CHF 448.3 bn prior
Latest data released by the SNB - 28 April 2025
CHF
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