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EUR/JPY attracts some sellers to near 163.50 as safe-haven demand grows
EUR/JPY attracts some sellers to near 163.50 as safe-haven demand grows
The EUR/JPY cross extends the decline to around 163.50 during the early European session on Monday. The Japanese Yen (JPY) edges higher against the Euro (EUR) on the rising safe-haven demand amid the economic uncertainty. The Eurozone Sentix Investor Confidence is due later on Monday.
Crosses
EURJPY
Macroeconomics
EUR/GBP appreciates to near 0.8550 due to strong Eurozone inflation, weak Pound outlook
EUR/GBP appreciates to near 0.8550 due to strong Eurozone inflation, weak Pound outlook
EUR/GBP continues to climb for the fourth consecutive session, trading around 0.8530 during early European hours on Monday. The currency cross is gaining as the Euro (EUR) strengthens on the back of robust Eurozone inflation data, released on Friday.
Crosses
Eurozone
UnitedKingdom
EURGBP
Macroeconomics
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Monday, according to FXStreet data.
Platinum
Palladium
Switzerland April CPI 0.0% vs +0.2% y/y expected
Switzerland April CPI 0.0% vs +0.2% y/y expected
Latest data released by the Federal Statistics Office - 5 May 2025
What are the main events for today?
What are the main events for today?
The US ISM Services PMI is the only highlight on the data front but the focus remains on the first trade deal announcement
market overview
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 Monday, early in the European session. WTI trades at $56.13 per barrel, down from Friday’s close at $58.16.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.35.
Oil
WTI
Commodities
USD/CHF remains depressed amid broadly weaker USD; manages to hold above 0.8200 mark
USD/CHF remains depressed amid broadly weaker USD; manages to hold above 0.8200 mark
The USD/CHF pair struggles to capitalize on Friday's upbeat US jobs data-inspired bounce from the 0.8200 neighborhood and attracts fresh sellers at the start of a new week.
Recession
Currencies
TradeWar
Fed
USDCHF
Oil struggle continues as OPEC+ moves to further boost production
Oil struggle continues as OPEC+ moves to further boost production
WTI crude is down over 3% on the day with an opening gap lower
FX option expiries for May 5 NY cut
FX option expiries for May 5 NY cut
FX option expiries for May 5 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
NZDUSD
GBP/USD Price Forecast: The bullish tone remains in play near 1.3300
GBP/USD Price Forecast: The bullish tone remains in play near 1.3300
The GBP/USD pair gains traction to around 1.3290 during the early European session on Monday. The US Dollar (USD) softens against the Pound Sterling (GBP) amid heightened economic uncertainty in the wake of US President Donald Trump's erratic trade policies. 
Technical Analysis
Majors
GBPUSD
Bullish
Heads up: London markets are closed today
Heads up: London markets are closed today
In observance of May Day
market overview
NZD/USD rises above 0.5950 due to softer US Dollar, US-China trade talks in focus
NZD/USD rises above 0.5950 due to softer US Dollar, US-China trade talks in focus
The NZD/USD pair continues to climb for the second straight session, trading near 0.5970 during Monday’s Asian hours. The Kiwi pair gains momentum as the US Dollar (USD) weakens, with traders closely monitoring developments in US-China trade relations.
Majors
NewZealand
NZDUSD
Macroeconomics
EUR/USD Price Forecast: Moves back above mid-1.1300s, 200-period SMA on H4 holds the key
EUR/USD Price Forecast: Moves back above mid-1.1300s, 200-period SMA on H4 holds the key
The EUR/USD pair attracts some dip-buyers at the start of a new week and climbs back closer to mid-1.1300s during the Asian session amid a broadly weaker US Dollar (USD).
Technical Analysis
Currencies
EURUSD
Majors
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold
Metals
Commodities
India
Watchful eyes on "that Federal Reserve person" this week
Watchful eyes on "that Federal Reserve person" this week
Get ready for another Trump tirade when the Fed doesn't cut interest rates
Gold price stands firm near daily top as geopolitical risks benefit safe-haven assets amid weaker USD
Gold price stands firm near daily top as geopolitical risks benefit safe-haven assets amid weaker USD
Gold price (XAU/USD) stands firm near the daily high through the first half of the European session and looks to build on its bounce from the $3,200 neighborhood, or over a two-week low touched last Thursday.
TradeWar
Fed
SEO
Gold
RiskAversion
Silver Price Forecast: XAG/USD steadies near $32.00 as safe-haven demand increases
Silver Price Forecast: XAG/USD steadies near $32.00 as safe-haven demand increases
Silver price (XAG/USD) is pausing its four-day decline, trading near $32.10 during the Asian session on Monday. The precious metal is regaining ground as ongoing uncertainty around US-China trade talks fuels safe-haven demand.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
Goldman Sachs sees Chinese exports declining through 2025, 2026
Goldman Sachs sees Chinese exports declining through 2025, 2026
GS says that some offset may come from trade re-routing through Southeast Asia
China
Barclays cut Brent crude price outlook, citing faster-than-expected output hikes by OPEC+
Barclays cut Brent crude price outlook, citing faster-than-expected output hikes by OPEC+
Sees Brent averaging $66 per barrel in 2025 (down $4) and $60 in 2026 (down $2).
MUFG on the Taiwan dollar move a "19-standard-deviation event"
MUFG on the Taiwan dollar move a "19-standard-deviation event"
For those unfamiliar with statistics, a 19 standard deviation, in brief, never happens. Except, it just did.
USD/INR edges lower on potential US-India trade talks
USD/INR edges lower on potential US-India trade talks
The Indian Rupee (INR) gains ground on Monday. The positive developments surrounding the US-India trade deal boost sentiment, supporting the Indian currency. Additionally, the fall in crude oil prices lifts the INR as India is the world's third-largest oil consumer. 
EmergingMarkets
SEO
USDINR
India
Macroeconomics
USD/CAD steadies near 1.3800, downside appears due to a weaker US Dollar
USD/CAD steadies near 1.3800, downside appears due to a weaker US Dollar
USD/CAD is holding steady around the 1.3800 level during Monday’s Asian session, following a decline in the previous trading day. Upside momentum for the pair may be capped as the US Dollar (USD) faces pressure, potentially due to renewed trade tensions.
USDCAD
Majors
Macroeconomics
Canada
Vietnam PM says U.S. tariffs negatively affect global economy
Vietnam PM says U.S. tariffs negatively affect global economy
Trump's tariffs include a 46% levy on Vietnamese goods
Japanese Yen trims part of modest intraday gains; up a little against broadly weaker USD
Japanese Yen trims part of modest intraday gains; up a little against broadly weaker USD
The Japanese Yen (JPY) trims a part of its modest intraday gains heading into the European session on Monday and assists the USD/JPY pair to recover a few pips from sub-144.00 levels.
Fed
BOJ
SEO
USDJPY
InterestRate
Australian PM Albanese won the weekend election, says spoke to Trump after
Australian PM Albanese won the weekend election, says spoke to Trump after
Described the conversation with Trump as warm and positive
Australian Dollar advances as inflation gauge rises in April, US ISM Services PMI eyed
Australian Dollar advances as inflation gauge rises in April, US ISM Services PMI eyed
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) for a second consecutive session on Monday.
Australia
SEO
Majors
AUDUSD
Macroeconomics
Trump interview - full transcript - Trump's opinion on how many toys kids should have
Trump interview - full transcript - Trump's opinion on how many toys kids should have
Trump discussed tariffs, China, Russia, Ukraine, limiting children's toys, and more
Politics
US Presi. Trump: ‘At some point, I’m going to lower tariffs’ on China
US Presi. Trump: ‘At some point, I’m going to lower tariffs’ on China
Speaking over the weekend on tariffs announced on Chinese imports, US President Donald Trump said that “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much.”
TradeWar
UnitedStates
DollarIndex
WTI tumbles below $56.00 as OPEC+ accelerates output hikes
WTI tumbles below $56.00 as OPEC+ accelerates output hikes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Monday. The WTI price falls after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to surge production by 411,000 barrels per day in June.
Oil
WTI
Commodities
Macroeconomics
Australia job ads for April +0.5% m/m (prior +0.4%)
Australia job ads for April +0.5% m/m (prior +0.4%)
We had a privately surveyed inflation report a few minutes ago, now for the labour market update!
US dollar losing ground in holiday-thinned Asia trade
US dollar losing ground in holiday-thinned Asia trade
Across the baord decline for the US dollar
EUR/USD edges lower to near 1.1300, traders await US ISM Services PMI
EUR/USD edges lower to near 1.1300, traders await US ISM Services PMI
EUR/USD is kicking off the week on a weaker note, trading near 1.1320 during the Asian session on Monday. US President Donald Trump confirmed he would not seek to remove Federal Reserve (Fed) Chair Jerome Powell before his term ends in May 2026.
EURUSD
Majors
Macroeconomics
Eurozone
Gold Price Forecast: XAU/USD edges higher to near $3,250 as trade questions linger
Gold Price Forecast: XAU/USD edges higher to near $3,250 as trade questions linger
The Gold price (XAU/USD) trades in positive territory near $3,245 during the early Asian session on Monday. The renewed concerns over the US recession and US-China trade relations provide some support to safe-haven assets like Gold.
Gold
Commodities
XAUUSD
Macroeconomics
GBP/USD consolidates above mid-1.3200s as traders move to the sidelines ahead of BoE this week
GBP/USD consolidates above mid-1.3200s as traders move to the sidelines ahead of BoE this week
The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band around the 1.3260-1.3265 area, near a one-week low touched during the Asian session.
Currencies
TradeWar
Fed
BOE
GBPUSD
Trump's retreat on China tariffs ICYMI - lower tariffs “At some point"
Trump's retreat on China tariffs ICYMI - lower tariffs “At some point"
US firms thinking of buliding in the US to replace imports from China will need to reconsider
Politics
China
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