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Pound Sterling slumps against US Dollar as US and China slashes tariffs by 115%
Pound Sterling slumps against US Dollar as US and China slashes tariffs by 115%
The Pound Sterling (GBP) recovers some of its intraday losses after sliding to near 1.3140 against the US Dollar (USD) during North American trading hours on Monday. Still, the GBP/USD pair is down 0.8% at around 1.3200.
TradeWar
Fed
SEO
BOE
GBPUSD
USD/CAD advances to near 1.4000 following a 115% reciprocal reduction in US-China tariffs
USD/CAD advances to near 1.4000 following a 115% reciprocal reduction in US-China tariffs
USD/CAD continues its upward momentum for the fourth consecutive session, trading around 1.3980 during European hours on Monday. The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is also on the rise, hovering near 101.60 at the time of writing.
Canada
USDCAD
Majors
Macroeconomics
What if you took the Trump trade quite literally?
What if you took the Trump trade quite literally?
How would one fare in taking Trump's advice on timing the market since 9 April?
Stocks
USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs
USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs
The USD/CHF pair builds on its modest gap-up opening at the start of a new week and gains strong positive traction during the early part of the European session.
RiskAppetite
Currencies
TradeWar
Fed
USDCHF
More from BoE's Lombardelli: Latest US-China discussions are good news
More from BoE's Lombardelli: Latest US-China discussions are good news
Further remarks from BoE policymaker, Clare Lombardelli
PrimeXBT Introduces VIP Tiers with Up to 50% Trading Fee Discounts for Active Traders
PrimeXBT Introduces VIP Tiers with Up to 50% Trading Fee Discounts for Active Traders
News Discussion Forum
By Finance Magnates
PrimeXBT Introduces VIP Tiers with Up to 50% Trading Fee Discounts for Active Traders
This update reflects PrimeXBT’s ongoing commitment to competitive conditions and long-term client trust.
BoE’s Lombardelli: Caution remains appropriate
BoE’s Lombardelli: Caution remains appropriate
Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardelli said on Monday, “caution remains appropriate” on policy outlook.
CentralBanks
BOE
InterestRate
GBPUSD
AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations
AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations
AUD/JPY climbed more than 1.50% during European trading hours on Monday, reaching around 94.60, driven by a more optimistic global trade sentiment following positive developments in US-China trade negotiations.
Crosses
Australia
AUDJPY
Japan
Macroeconomics
The best case scenario for the US Dollar is playing out
The best case scenario for the US Dollar is playing out
The market is scaling back its rate cuts expectations for the Fed and even two cuts could now come in question
European Retail Gains Regulated Access to Leveraged Crypto Trading
European Retail Gains Regulated Access to Leveraged Crypto Trading
News Discussion Forum
By Finance Magnates
European Retail Gains Regulated Access to Leveraged Crypto Trading
Dutch trading platform One Trading has expanded its regulated crypto perpetual futures trading to retail investors in Germany, the Netherlands, and Austria, the company announced today (Monday).
One Trading
Swissquote Spends $15 Million Annually in Sports Deals, Leaves eToro and Plus500 Behind
Swissquote Spends $15 Million Annually in Sports Deals, Leaves eToro and Plus500 Behind
News Discussion Forum
By Finance Magnates
Swissquote Spends $15 Million Annually in Sports Deals, Leaves eToro and Plus500 Behind
Swissquote has become the top spender among online trading brands that offer contracts for differences (CFDs) and other instruments, spending $15 million since 1 July 2024, according to a report by...
Bessent: UK, Switzerland have moved to the front of the queue on trade deals
Bessent: UK, Switzerland have moved to the front of the queue on trade deals
Bessent says that the progress with the EU is much slower
market overview
Dollar surges higher as US, China bring down tariff levels for further talks
Dollar surges higher as US, China bring down tariff levels for further talks
The greenback races higher alongside risk trades as the market is loving the headlines
NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation
NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation
NZD/USD remains under pressure, trading near 0.5900 during early European hours on Monday, despite an improved global trade mood following positive developments in US-China trade talks.
Majors
NewZealand
NZDUSD
Macroeconomics
Why Is Tesla Stock Up Today? Cathie Wood Predicts 800% Surge in TSLA Shares
Why Is Tesla Stock Up Today? Cathie Wood Predicts 800% Surge in TSLA Shares
News Discussion Forum
By Finance Magnates
Why Is Tesla Stock Up Today? Cathie Wood Predicts 800% Surge in TSLA Shares
Tesla Stock News: Discover why Tesla stock is up today as we analyze the key drivers behind TSLA's recent surge, including production numbers, FSD advances, and Elon Musk's strategic announcements.
tesla
Tesla News
elon musk
wall street
USTR Greer: Both sides very committed to the 90-day pause period
USTR Greer: Both sides very committed to the 90-day pause period
US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
China
TradeBalance
UnitedStates
DollarIndex
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Monday, according to FXStreet data.
India
US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%
US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%
US Treasury Secretary Scott Bessent is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
China
TradeWar
UnitedStates
DollarIndex
EUR/GBP edges lower below 0.8450 on dovish ECB tone
EUR/GBP edges lower below 0.8450 on dovish ECB tone
The EUR/GBP cross extends the decline to around 0.8435 during the early European session on Monday. The Pound Sterling (GBP) strengthens against the Euro (EUR) due to positive developments surrounding the United States (US) and the United Kingdom (UK) trade agreement last week.
Crosses
EURGBP
Macroeconomics
US-China agree to sharply cut reciprocal tariffs for 90 days, easing fears of protracted trade war
US-China agree to sharply cut reciprocal tariffs for 90 days, easing fears of protracted trade war
The highly anticipated joint US-China statement on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial pe
Breaking
China
TradeWar
UnitedStates
DollarIndex
IG Group “Performed Strongly” in April as Trading Activity Jumped due to Volatility
IG Group “Performed Strongly” in April as Trading Activity Jumped due to Volatility
News Discussion Forum
By Finance Magnates
IG Group “Performed Strongly” in April as Trading Activity Jumped due to Volatility
IG Group (LON: IGG) expects to close the ongoing fiscal year 2025 with revenue and adjusted profit that “meet or slightly exceed the upper end of the current range” of market expectations.
IG Group
Gold Technical Analysis – Positive trade talks weigh on the precious metal
Gold Technical Analysis – Positive trade talks weigh on the precious metal
The positive expectations for the US-UK trade deal and later for the US-China talks, sent gold prices lower. What’s next?
Forex Today: Gold drops as risk flows dominate markets to start week
Forex Today: Gold drops as risk flows dominate markets to start week
Here is what you need to know on Monday, May 12:
RiskAppetite
Currencies
Majors
Commodities
US-China tariff reductions reportedly will exceed 100%
US-China tariff reductions reportedly will exceed 100%
As reported by a Hong Kong media outlet
Politics
FX option expiries for May 12 NY cut
FX option expiries for May 12 NY cut
FX option expiries for May 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
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 Monday, early in the European session. WTI trades at $61.45 per barrel, up from Friday’s close at $60.68.
Oil
WTI
Commodities
Bullish
What are the main events for today?
What are the main events for today?
All eyes on the US-China trade talks briefing
market overview
Eurostoxx futures +1.1% in early European trading
Eurostoxx futures +1.1% in early European trading
A more positive mood as the optimism from US-China talks over the weekend permeate
Stocks
EUR/JPY retreats slightly from one-week high, up a little below 164.00 amid weaker JPY
EUR/JPY retreats slightly from one-week high, up a little below 164.00 amid weaker JPY
The EUR/JPY cross regains positive traction on Monday and jumps to over a one-week top, around the 164.20 area during the Asian session, though it lacks follow-through.
RiskAppetite
ECB
Currencies
BOJ
EURJPY
Heads up: Bessent to speak on China talks at 0700 GMT
Heads up: Bessent to speak on China talks at 0700 GMT
US Treasury Secretary, Scott Bessent, is to brief on China talks in about one-and-a-half hours from now
Politics
Silver Price Forecast: XAG/USD rises to near $33.00 on M&A news, geopolitical tensions
Silver Price Forecast: XAG/USD rises to near $33.00 on M&A news, geopolitical tensions
Silver price (XAG/USD) is extending its gains for the third consecutive session, trading around $32.90 per troy ounce during Asian hours on Monday.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
USD/CHF jumps to near 0.8350 on US-China trade hopes
USD/CHF jumps to near 0.8350 on US-China trade hopes
The USD/CHF pair rises to near 0.8340 during the early European session on Monday. The Swiss Franc (CHF) edges lower against the Greenback amid easing concerns of a trade war between the United States (US) and China, the world's two biggest economies. 
Majors
USDCHF
Macroeconomics
Market Outlook for the week of 12th - 16th May
Market Outlook for the week of 12th - 16th May
Highlights of the week include Australian labor market data, U.S. inflation and retail sales figures
AUD
USD
One good reason to be optimistic of US-China talks over the weekend
One good reason to be optimistic of US-China talks over the weekend
China rarely ever sounds this positive in painting the same picture as Trump's interpretation
Politics
Bitcoin Analysis for Today
Bitcoin Analysis for Today
We apply the tradeCompass methodology and look at bitcoin futures. Bullish above: $104,735 and bearish below: $103,920 but not less important are the price targets for the partial exits.
TradeCompass
Bitcoin Technical Analysis
BTC