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USD/JPY back above 144.20
USD/JPY back above 144.20
USD/JPY testing above the US time high
WTI rises above $57.50, continues recovery despite concerns over rising global supply
WTI rises above $57.50, continues recovery despite concerns over rising global supply
West Texas Intermediate (WTI) crude Oil price continues to recover during Asian trading on Tuesday, hovering around $57.60 per barrel after a nearly 2% decline on Monday. However, gains were capped by concerns over rising global supply following an OPEC+ decision to accelerate output increases.
Oil
Majors
WTI
Commodities
Macroeconomics
PBOC sets USD/CNY reference rate at 7.2008 vs. 7.2014 previous
PBOC sets USD/CNY reference rate at 7.2008 vs. 7.2014 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2008 as compared to last Wednesday's fix of 7.2014 and 7.2518 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
PBOC sets USD/ CNY reference rate for today at 7.2008 (vs. estimate at 7.2518)
PBOC sets USD/ CNY reference rate for today at 7.2008 (vs. estimate at 7.2518)
China is back from holidays today
CNY
China Stock Market
China
CNH
pboc
New Zealand data - April ANZ World Commodity Price Index 0% m/m (prior -0.4%)
New Zealand data - April ANZ World Commodity Price Index 0% m/m (prior -0.4%)
The index tracks the prices of 17 of New Zealand's major commodity exports, including dairy products, meat, wool, forestry products, and seafood.
AUD/USD trades around 0.6450 after pulling back from five-month highs
AUD/USD trades around 0.6450 after pulling back from five-month highs
AUD/USD is retreating from a five-month high of 0.6493 reached on Monday, slipping to around 0.6450 during the Asian session on Tuesday. The decline comes as the US Dollar (USD) strengthens ahead of the Federal Reserve’s (Fed) upcoming monetary policy decision on Wednesday.
AUDUSD
Majors
Macroeconomics
Australia
RBA
PBOC is expected to set the USD/CNY reference rate at 7.2518 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2518 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
EUR/USD grinds sideways as markets pivot to face Fed rate call
EUR/USD grinds sideways as markets pivot to face Fed rate call
EUR/USD churned chart paper near the familiar 1.1300 handle to kick off a fresh trading week. The Fiber has been stuck in a choppy consolidation phase as Euro traders struggle to kick off a new push in either direction.
EURUSD
Fed
InterestRate
Mexican Peso slips ahead of Fed decision, inflation data in focus
Mexican Peso slips ahead of Fed decision, inflation data in focus
The Mexican Peso (MXN) began the week with losses of around 0.58% against the US Dollar (USD) ahead of a crucial week with the Federal Reserve (Fed) preparing to host its monetary policy meeting on May 7 and the announcement of Mexican inflation figures.
Mexico
SEO
USDMXN
Banxico
Fundamental Analysis
ICYMI - National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70
ICYMI - National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70
NAB expects the Reserve Bank of Australia to cut rates by 50 basis points in May
RBA
AUD
US equities - Retail investors pile in, but can retail alone ignite a bull market?
US equities - Retail investors pile in, but can retail alone ignite a bull market?
Institional interst sitting it out is a red flag for me
SPX
Nasdaq
ICYMI: Goldman Sachs reiterated its structural bullish gold view, sees as high as $4,000
ICYMI: Goldman Sachs reiterated its structural bullish gold view, sees as high as $4,000
Goldman Sachs' base case price for gold is $3,700 an ounce by year-end and $4,000 by mid-2026
GBP/USD settles ahead of central bank double header
GBP/USD settles ahead of central bank double header
GBP/USD snapped a near-term losing streak, pumping the breaks and holding steady near the 1.3300 handle to kick off a fresh trading week.
Fed
CentralBanks
BOE
GBPUSD
AUD/NZD Price Analysis: Aussie drifts near 1.0800 as bullish structure faces mixed signals
AUD/NZD Price Analysis: Aussie drifts near 1.0800 as bullish structure faces mixed signals
The AUD/NZD pair hovered around the 1.0800 mark on Monday after the European session, slipping slightly but staying within a narrow mid-range as the market heads into Asia.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Bullish
Hong Kong central bank intervenes in the Hong Kong dollar
Hong Kong central bank intervenes in the Hong Kong dollar
Hong Kong Monetary Authority is Hong Kong's central bank, in the market to cap the HKD
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
The GBP/JPY pair showed marginal movement on Monday, holding near the 191.00 zone following the European session. Price action remained flat within a narrow range, reflecting uncertainty in direction as momentum indicators deliver conflicting signals.
Crosses
Technical Analysis
Currencies
GBPJPY
EU pledges half bn EUR to lure scientists from Trump cuts - "If you love freedom, come"
EU pledges half bn EUR to lure scientists from Trump cuts - "If you love freedom, come"
European Union and France on Monday announced half a billion euros worth of incentives to lure scientists
Forexlive Americas FX news wrap 5 May: USD moves lower in up & down trading. S&P falls
Forexlive Americas FX news wrap 5 May: USD moves lower in up & down trading. S&P falls
Forex news for North American trading on May 5, 2025
Session wrap
Wrap Nth America
EUR/JPY Price Analysis: Euro pulls back near 163.00 but bullish trend remains intact
EUR/JPY Price Analysis: Euro pulls back near 163.00 but bullish trend remains intact
The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian open. Despite the day’s decline, the broader setup remains constructive, with the pair still holding above critical trendline supports.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
US Commerce Secretary Lutnick: We will get some trade deals soon
US Commerce Secretary Lutnick: We will get some trade deals soon
United States (US) Commerce Secretary Howard Lutnick hit newswires late on Monday, skirting direct questions about a US-Canada trade deal outside of the Trump administration's own NAFTA re-negotiation, the USMCA.
TradeWar
UnitedStates
Politics
Lutnick says a trade deal with Canada is possible, but its 'very complex'
Lutnick says a trade deal with Canada is possible, but its 'very complex'
'Very complex' means there won;t be a near term trade deal.
Canadian Dollar holds steady as markets await key movers
Canadian Dollar holds steady as markets await key movers
The Canadian Dollar (CAD) is holding steady against the US Dollar (USD) to kick off the new trading week, with USD/CAD holding steady near the 1.3800 handle.
Fed
USDCAD
SEO
Politics
AUD/USD posts fresh highs as trade optimism and economic data boost Aussie
AUD/USD posts fresh highs as trade optimism and economic data boost Aussie
The AUD/USD pair surged on Monday, reaching a fresh five-month high near the 0.6500 level. The Australian Dollar (AUD) benefits from a range of factors, including the US Dollar’s (USD) weakness, a solid economic report from the US and the strengthening of global risk sentiment. 
Currencies
SEO
Majors
AUDUSD
Major US indices close lower. S&P and NASDAQ indices never get out of negative territory
Major US indices close lower. S&P and NASDAQ indices never get out of negative territory
Dow industrial average trading above and below unchanged but closes down on the day
Economic calendar in Asia Tuesday, May 6, 2025 - China PMI
Economic calendar in Asia Tuesday, May 6, 2025 - China PMI
Asian Economic Calendar: Key Events and Consensus Expectations for 06 May 2025
economic calendar
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
The USD/JPY dropped late during the North American session as investors seeking safety bought the Japanese Yen (JPY) and ditched the US Dollar (USD) amid the lack of announcements of trade deals, despite rumors that the US and China are close to beginning talks.
Technical Analysis
USDJPY
Currencies
CBO's Swagel: US debt ceiling deadline expected late summer, but could come forward
CBO's Swagel: US debt ceiling deadline expected late summer, but could come forward
Director of the United States (US) Congressional Budget Office (CBO) Phillip Swagel noted on Monday that while US revenue projections are holding steady, the next iteration of the US's routine debt ceiling showdown could be pushed forward if government spending and revenue conditions deteriorate.
UnitedStates
Politics
S&P on pace to a down day
S&P on pace to a down day
9 days higher
S&P Futures
Crude Oil prices stabilize after OPEC output hike sends barrel bids lower
Crude Oil prices stabilize after OPEC output hike sends barrel bids lower
West Texas Intermediate (WTI) Crude Oil prices are stabilizing on Monday, clawing back near-term losses after the Organization of the Petroleum Exporting Countries (OPEC) announced it would begin stepping up its internal production quotas beginning in June.
Oil
OPEC
Energy
OpenAI abandons plan to become a 'for profit' company
OpenAI abandons plan to become a 'for profit' company
The whole idea made a mockery of the mission
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