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GBP/USD: Likely to decline further – UOB Group
GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
EUR/USD recovers strongly as US Dollar corrects, US-China trade talks in focus
EUR/USD recovers strongly as US Dollar corrects, US-China trade talks in focus
EUR/USD rebounds to near 1.1300 during North American trading hours on Friday from over a three-week low around 1.1200 earlier in the day.
ECB
China
EURUSD
TradeWar
SEO
Fed's Barr: Policy in a good position to adjust as conditions unfold
Fed's Barr: Policy in a good position to adjust as conditions unfold
Federal Reserve Governor Michael Barr said on Friday that the monetary policy is in a good position to adjust as conditions unfold, per Reuters.
Fed
CentralBanks
Gold swings back up higher after Trump says 80% tariff on China seems right
Gold swings back up higher after Trump says 80% tariff on China seems right
Gold (XAU/USD) edges up near 1.0% on Friday and heads back above $3,335 at the time of writing. The additional leg higher comes after United States (US) President Donald Trump called upon China to open its markets for the US, adding that an 80% tariff on Chinese goods 'seems right', Trump added.
TradeWar
UnitedStates
SEO
Gold
Commodities
JPY: Wages disappoint again – Commerzbank
JPY: Wages disappoint again – Commerzbank
Data on wage developments in March was published in Japan this morning, and was rather disappointing overall once again, Commerzbank's FX analyst Volkmar Baur notes.
BOJ
Japan
USDJPY
Banks
EU's von der Leyen says had a good conversation with Trump
EU's von der Leyen says had a good conversation with Trump
von der Leyen says she spoke with Trump during the Pope's funeral
GBP: Bullish mood can continue – ING
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notes
GBPUSD
Banks
Technical Analysis
Bullish
USD: Plethora of Fed speakers to watch today – ING
USD: Plethora of Fed speakers to watch today – ING
It’s been a good second half of the week for the dollar, mostly thanks to positive trade news and a hawkish Federal Reserve.
Technical Analysis
Fed
Banks
DollarIndex
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
Further Euro (EUR) weakness is not ruled out vs US Dollar (USD); oversold conditions suggest any decline could be limited to a test of 1.1185. In the longer run, c in EUR toward 1.1145, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD: Much ado about little – Commerzbank
USD: Much ado about little – Commerzbank
Yesterday afternoon, Donald Trump finally presented his first trade deal with the United Kingdom in the Oval Office. However, despite all the fanfare, it must be said that the substance was rather thin once again.
Technical Analysis
Banks
DollarIndex
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver
Commodities
Metals
How have interest rates expectations changed after the first trade deal?
How have interest rates expectations changed after the first trade deal?
We have a more hawkish repricing across the board as the certainty about the 10% global tariff rate increased
market overview
EUR: Starting to look towards 1.10? – ING
EUR: Starting to look towards 1.10? – ING
For most of the past couple of weeks, EUR/USD buyers emerged vehemently in the 1.1250-1.1300 area. The break lower seen yesterday is telling.
Technical Analysis
EURUSD
Banks
Bailey speech: Our commitment to 2% inflation target is unwavering
Bailey speech: Our commitment to 2% inflation target is unwavering
Bank of England Governor Andrew Bailey reiterated on Friday that their commitment to the 2% inflation target is unwavering, per Reuters.
CentralBanks
BOE
ECB's Šimkus: Eurozone inflation depends on EU retaliation to the US
ECB's Šimkus: Eurozone inflation depends on EU retaliation to the US
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “Eurozone inflation depends on EU retaliation to the US.”
ECB
EURUSD
CentralBanks
InterestRate
Pound Sterling surges against US Dollar ahead of US-China trade talks
Pound Sterling surges against US Dollar ahead of US-China trade talks
The Pound Sterling (GBP) recovers intraday losses and advances to near 1.3300 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD pair attracts bids as the US Dollar corrects slightly after a strong upside on Thursday. 
China
Fed
SEO
BOE
GBPUSD
ECB's Rehn: Disinflation is on track and the growth outlook is weakening
ECB's Rehn: Disinflation is on track and the growth outlook is weakening
European Central Bank (ECB) policymaker Olli Rehn commented on the inflation and growth outlook on Friday.
ECB
EURUSD
CentralBanks
Inflation
InterestRate
Forex Today: Markets await comments from central bankers
Forex Today: Markets await comments from central bankers
Here is what you need to know on Friday, May 9:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
AUD/JPY drops to near 93.00 as Japanese Yen rises following personal spending data
AUD/JPY drops to near 93.00 as Japanese Yen rises following personal spending data
AUD/JPY retreats from its recent gains during European trading hours on Friday, hovering near the 93.10 level. The Japanese Yen (JPY) is strengthening, supported by domestic data showing a stronger-than-expected rise in personal spending for March—an encouraging sign for consumption.
Crosses
Australia
AUDJPY
Japan
Macroeconomics
We might have reached the peak in the de-escalation trade
We might have reached the peak in the de-escalation trade
US tariffs are for raising revenue and not to lower global trade barriers. This opens up a risk of retaliation from other countries.
market overview
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 Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.17, with the EUR/INR pair rising from its previous close at 96.04.
European equities open higher to start the final day of the week
European equities open higher to start the final day of the week
A positive start to proceedings as European stocks feed off the gains from Wall Street
EUR/GBP rises to near 0.8500, dovish ECB tone caps upside
EUR/GBP rises to near 0.8500, dovish ECB tone caps upside
EUR/GBP halts its four-day losing streak, trading around 0.8490 during early European hours on Friday.
Crosses
Eurozone
UnitedKingdom
EURGBP
Macroeconomics
Palladium price: Rare metals advance at the start of the European session
Palladium price: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $980.03 a troy ounce, with the XPD/USD pair advancing from its previous close at $976.60.
Metals
Palladium
Commodities
USD/CHF slips to near 0.8300 as US yields fall, focus on US-China trade talks
USD/CHF slips to near 0.8300 as US yields fall, focus on US-China trade talks
USD/CHF edged lower during Asian trading on Friday, hovering around 0.8310 after posting gains in the previous two sessions. The pair came under pressure as the US Dollar (USD) softened, weighed down as US Treasury yields declined.
USDCHF
Majors
Macroeconomics
Switzerland
SNB
What are the main events for today?
What are the main events for today?
The highlights include the Canadian Employment report and Fed speakers
market overview
Eurostoxx futures +0.3% in early European trading
Eurostoxx futures +0.3% in early European trading
Slight gains as the risk mood holds up ahead of the final stretch of the week
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 $59.89 per barrel, down from Thursday’s close at $59.96.
Oil
WTI
Commodities
FX option expiries for May 9 NY cut
FX option expiries for May 9 NY cut
FX option expiries for May 9 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
Silver Price Forecast: XAG/USD trades with mild positive bias around mid-$32.00s
Silver Price Forecast: XAG/USD trades with mild positive bias around mid-$32.00s
Silver (XAG/USD) attracts some dip-buyers near the $32.20 area during the Asian session on Friday and climbs to a fresh daily high in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD
EUR/USD rebounds above 1.1200, downside remains due to improved US Dollar
EUR/USD rebounds above 1.1200, downside remains due to improved US Dollar
The EUR/USD pair trimmed daily losses and is trading around 1.1230 during Friday's Asian session. The pair depreciated as the US Dollar (USD) found support from upbeat US economic data and signs of easing trade tensions.
EURUSD
Eurozone
Majors
Macroeconomics
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