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Economic calendar in Asia Wednesday, May 7, 2025 - New Zealand jobs report for Q1
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
Canadian PM Carney: This is the point at which a serious conversation begins
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
Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency
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
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
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
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
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 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 falls over 300 points on Tuesday as markets await Fed, trade clarity
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
Dow Jones Industrial Average slips 300 points as markets await Fed and trade updates
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
EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive
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
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.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
US President Donald Trump: Don't know if it's necessary to renegotiate USMCA
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
US yields steady ahead of Fed, 10-year auction as US Dollar slips
US yields steady ahead of Fed, 10-year auction as US Dollar slips
The US 10-year Treasury yield trades subdued on Tuesday as market participants await the Federal Reserve’s last monetary policy meeting on May 7. Furthermore, investors are also eyeing the demand for the 10-year T-note auction at 13:00 ET.
Fed
Bonds
UnitedStates
YieldCurve
DollarIndex
Gold rallies as global risk sentiment deteriorates ahead of Fed policy update
Gold rallies as global risk sentiment deteriorates ahead of Fed policy update
Gold (XAU/USD) is rising sharply on Tuesday, supported by a convergence of geopolitical conflict, trade policy uncertainty, and investor defensiveness ahead of Wednesday’s Federal Reserve (Fed) interest rate decision and Chair Jerome Powell’s press conference. 
Technical Analysis
XAUUSD
Metals
Gold
Fundamental Analysis
Asian FX rallies as USD weakens on recession fears, tariff uncertainty
Asian FX rallies as USD weakens on recession fears, tariff uncertainty
USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB).
EmergingMarkets
Currencies
Asia
RiskAversion
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Technical Analysis
Majors
Macroeconomics
GBPUSD
Fundamental Analysis
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
The EUR/JPY pair rebounds above 162.00 during the North American trading session after attracting bids near 161.60, which is the intraday low.
ECB
Germany
BOJ
EURJPY
RiskAversion
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
The Swiss franc’s strong performance and soft inflation have raised expectations of SNB action, while the euro’s recent strength is now under scrutiny amid economic headwinds and speculation about future ECB cuts, Rabobank's FX analyst Jane Foley notes.
Technical Analysis
EURCHF
USDCHF
Banks
Merz confirmed in second parliamentary vote
Merz confirmed in second parliamentary vote
Embarrassing but not a material setback
Germany: Merz was elected Chancellor
Germany: Merz was elected Chancellor
German conservative leader Friedrich Merz was elected chancellor on Tuesday following an unprecedented second round of parliamentary voting, after his coalition with the centre-left Social Democrats suffered an unexpected defeat in the initial ballot.
GDP
EURUSD
Germany
Politics
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
United States (US) Treasury Secretary Scott Bessent said on Tuesday that they are actively negotiating with 17 trading partners, while clarifying that they have not engaged with China as of yet, per Reuters.
China
UnitedStates
Politics
Macroeconomics
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY continues to trade lower as renewed safe-haven demand supports the Japanese Yen (JPY).
Currencies
Majors
USDJPY
Macroeconomics
Fundamental Analysis
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
The EUR/GBP pair falls sharply to near 0.8460 during North American trading hours on Tuesday, the lowest level seen in a month. The pair slumps as the Pound Sterling (GBP) outperforms its peers in a risk-off market sentiment.
EURGBP
BOE
Germany
InterestRate
UnitedStates
Here is what a huge front-run of US tariffs looks like. Now for the bust
Here is what a huge front-run of US tariffs looks like. Now for the bust
Finished metal shapes imports boomed, now here comes the bust
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the European Union (EU) plans to target about €100 billion worth of United States (US) imports with additional tariffs if they fail to reach a deal with the US.
EURUSD
Europe
Eurozone
Politics
Macroeconomics
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