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Bessent with juicy China trade talk details - we'll decide what we are going to talk about
"My sense is this will be about de-escalation"
China
USD

New Zealand employment report, Unemployment rate 5.1% vs. 5.3% expected
January - March jobs data from New Zealand
NZD

China' s Ministry of Commerce says is has "decided to agree to engage with the US"
MofCom gave it some thought ....
China
USD

China confirms Vice Premier He Lifeng to talk trade with Bessent this week
Official China statement
China
USD

Australian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meeting
The meeting is said to be taking place later this week in Switzerland
China
AUD

"Sources" say US' Bessent and Greer to meet with China rep on Economic Matters this week
The two to meet with a representative from China
USD

AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day’s range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD

Japanese media reports that Fujifilm will build a semiconductor materials factory in India
This was floated back in January, Nikkei confirms npow
JPY
Nasdaq

USD/JPY firms as trade tensions and Fed caution weigh on Dollar
USD/JPY is trading weaker on Tuesday, hovering in the 142.00 area as safe-haven demand strengthens the Japanese Yen.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis

RBNZ says risks to the financial system have increased over the past six months
Reserve Bank of New Zealand Financial Stability Report
RBNZ

Reports on intense shelling between Indian and Pakistani troops at 3 frontier locations
Across the frontier in Kashmir
Politics

EUR/JPY Price Analysis: Euro drifts near 162.00 as bearish pressure starts to build
The EUR/JPY pair weakened slightly on Tuesday, hovering around the 162.00 mark after the European session, with price action holding mid-range between intraday highs and lows.
Crosses
Technical Analysis
Currencies
EURJPY

India Launches Missile Strikes on Alleged Terror Camps in Pakistan
Pakistani security officials reported that missiles were fired into three locations along the border.
Politics

Forexlive Americas FX news wrap: US dollar slumps as trade deals remain stuck
Forex news for North American trading on May 6, 2025
Session wrap
Wrap Nth America

Oil: private survey of inventory shows headline crude oil draw larger than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Oil

ICYMI - China press conference Wednesday - PBOC, securities regulator, financial regulator
China’s State Council says a press conference will be held today on a financial policy package aimed at stabilizing markets and expectations.
China
pboc

AUD/USD remains resilient amid Fed uncertainty and trade concerns
The AUD/USD pair remains resilient, despite a retreat from recent highs. The Australian Dollar (AUD) benefits from a weaker US Dollar (USD), as market participants focus on the Federal Reserve’s (Fed) anticipated policy meeting on Wednesday.
Australia
SEO
Majors
AUDUSD
Macroeconomics

S&P closes lower for the second consecutive day
Two negative closes after nine days of gains.
Stocks

Economic calendar in Asia Wednesday, May 7, 2025 - New Zealand jobs report for Q1
Asian Economic Calendar: Key Events and Consensus Expectations for 07 May 2025
economic calendar

Trade ideas thread - Wednesday, 7 May, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD

Canadian PM Carney: This is the point at which a serious conversation begins
Following a joint press conference between Canadian Prime Minister Mark Carney and United States (US) President Donald Trump, Canadian PM Carney followed up with a press conference of his own, adding some much-needed clarity to the discussions that have begun between Canada and the US about trade st
Canada
TradeWar
USDCAD
Politics

USD/CAD takes the first Trump-Carney meeting in stride. Discussions were 'constructive'
Canadian dollar gains on the day
CAD

Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency
United States (US) Deputy Treasury Secretary Michael Faulkender hit newswires on Tuesday, noting that despite ongoing market tensions and investor concerns about US economic stability, demand for US Treasuries and US Dollar demand remain high.
TradeWar
UnitedStates
Politics
DollarIndex

Mexican Peso firms as US trade deficit widens, Trump softens tariff rhetoric
The Mexican Peso recovered some ground on Tuesday against the Greenback as traders digested the latest Trade Balance figures of the United States (US), which showed the trade deficit widened.
Mexico
SEO
USDMXN
Banxico
Macroeconomics

US Dollar slumps further as Fed decision nears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, remained under heavy selling pressure on Tuesday as investors turned defensive ahead of the Federal Reserve’s (Fed) monetary policy decision.
Currencies
SEO
DollarIndex

Forex Today: The Fed is anticipated to keep rates unchanged
The US Dollar kept its offered stance well in place for yet another day on Tuesday amid the omnipresent tariff uncertainty and the usual cautious trade ahead of the Fed’s interest rate decision on Wednesday.
ECB
Currencies
EURUSD
Fed
DollarIndex

Canadian Dollar grinds higher as market pressures ease… for now
The Canadian Dollar (CAD) rose against the US Dollar (USD), sending the Loonie into recent highs against the Greenback and pushing the CAD up over one-third of one percent against the USD on Tuesday.
TradeWar
Fed
USDCAD

USD/CHF soft as Dollar drifts lower as SNB rate cut bets build and FOMC looms
USD/CHF is under pressure on Tuesday, with the pair slipping lower amid continued softness in the broader US Dollar (USD).
Currencies
Majors
USDCHF
SNB

Dow Jones Industrial Average slips 300 points as markets await Fed and trade updates
The Dow Jones Industrial Average (DJIA) followed the broader stock market lower on Tuesday, with equities taking a soft hit ahead of the Federal Reserve’s (Fed) upcoming rate call on Wednesday.
DowJones
TradeWar
Equities
Fed
SEO

Dow Jones Industrial Average falls over 300 points on Tuesday as markets await Fed, trade clarity
The Dow Jones Industrial Average (DJIA) followed the broader stock market lower on Tuesday, with equities taking a soft hit ahead of the Federal Reserve’s (Fed) upcoming rate call on Wednesday.
DowJones
TradeWar
Equities
Fed
SEO


US treasury auctions off $42 billion of tenure notes at a high yield of 4.342%
U.S. Treasury note auction
USD

EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive
The EUR/CAD pair edged lower on Tuesday, hovering near the 1.5600 area after the European session as the pair retreated within the day’s range.
Crosses
Technical Analysis
Currencies
EURCAD

EUR/USD Price Analysis: Euro steadies near 1.1300 with bullish bias intact
The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session as buyers remained in control despite a lack of strong momentum.

US President Donald Trump: Don't know if it's necessary to renegotiate USMCA
United States (US) President Donald Trump hit the wires hard on Tuesday during a joint press conference with Canadian Prime Minister Mark Carney.
TradeWar
UnitedStates
Politics