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China’s President Xi: We must firmly maintain post-war international order
China’s President Xi: We must firmly maintain post-war international order
Chinese President Xi Jinping said on Wednesday, “we must firmly maintain post-war international order.”
China
Politics
AUDUSD
Macroeconomics
China’s President Xi: We must firmly maintain post-war international order
China’s President Xi: We must firmly maintain post-war international order
Chinese President Xi Jinping said on Wednesday, “we must firmly maintain post-war international order.”
China
Politics
AUDUSD
Macroeconomics
WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks
WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks
West Texas Intermediate (WTI) US Crude Oil prices gain some follow-through positive traction on Wednesday and climb to a one-week high during the Asian session.
Oil
TradeWar
Fed
WTI
Commodities
Silver Price Forecast: XAG/USD trades lower near $33.00 due to US-China trade talks
Silver Price Forecast: XAG/USD trades lower near $33.00 due to US-China trade talks
Silver (XAG/USD) retreated on Wednesday during Asian trading hours, hovering around $33.00 per troy ounce after two consecutive days of gains.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
Risk holds up on hopes for US-China de-escalation
Risk holds up on hopes for US-China de-escalation
A better mood as we look towards European trading today
Politics
market overview
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
Japanese Yen refreshes daily low against USD amid US-China trade talks optimism, ahead of FOMC
Japanese Yen refreshes daily low against USD amid US-China trade talks optimism, ahead of FOMC
The Japanese Yen (JPY) touches a fresh daily low against its American counterpart during the first half of the European session on Wednesday and lifts the USD/JPY pair closer to mid-143.00s in the last hour.
RiskAppetite
Fed
BOJ
SEO
USDJPY
PBOC to also cut relending rate by 25 bps to 1.50%
PBOC to also cut relending rate by 25 bps to 1.50%
This will go into effect from 7 May as well
USD/CAD advances to near 1.3800 despite improved risk sentiment, Fed decision awaited
USD/CAD advances to near 1.3800 despite improved risk sentiment, Fed decision awaited
USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday.
USDCAD
Canada
Macroeconomics
Majors
Fed
ForexLive Asia-Pacific FX news wrap: 1. US/China to meet on trade & 2. China rate cuts
ForexLive Asia-Pacific FX news wrap: 1. US/China to meet on trade & 2. China rate cuts
Forex news for Asian trading on Wednesday, May 7, 2025
Session wrap
Wrap Asia
USD/INR gains ground as US Dollar remains stronger ahead of Fed policy
USD/INR gains ground as US Dollar remains stronger ahead of Fed policy
The Indian Rupee (INR) loses ground against the US Dollar (USD) during Wednesday's European trading session amid rising geopolitical tensions between India and Pakistan.
Asia
SEO
USDINR
Macroeconomics
PBOC/CSRC China supportive measures - in summary
PBOC/CSRC China supportive measures - in summary
People's Bank of China / China Securities Regulatory Commission
China Stock Market
pboc
NZD/USD moves away from over two-week high, slides back below 0.6000 mark
NZD/USD moves away from over two-week high, slides back below 0.6000 mark
The NZD/USD pair retreats following an Asian session uptick to the 0.6020-0.6025 area, or over a two-week high, and for now, seems to have snapped a three-day winning streak.
Currencies
TradeWar
Fed
Employment
NZDUSD
China unlocks more insurance capital for stocks, signals property support
China unlocks more insurance capital for stocks, signals property support
China will allow an additional 60 billion yuan (US$8.3 billion) from long-term insurance funds to be invested in equities
China Stock Market
China promises more local stock market support from sovereign fund
China promises more local stock market support from sovereign fund
Central Huijin sovereign wealth fund getting the call to support equities
China Stock Market
Gold price bounces off daily low, keeps the red below $3,400 as traders await Fed policy update
Gold price bounces off daily low, keeps the red below $3,400 as traders await Fed policy update
Gold price (XAU/USD) trims a part of its intraday losses, though it retains intraday negative bias and remains below the $3,400 mark heading into the European session on Wednesday. The US Dollar (USD) continues with its struggle to gain any meaningful traction and languishes near the weekly low.
TradeWar
Fed
SEO
Gold
Commodities
China Securities Regulator Head: US tariff policy has brought great pressure to capital markets
China Securities Regulator Head: US tariff policy has brought great pressure to capital markets
The head of the China Securities Regulatory Commission (CSRC) said on Wednesday, “US tariff policy has brought great pressure to China's capital markets.”
China
TradeWar
Equities
UnitedStates
AUDUSD
PBOC Governor Pan announces LPR 10 bps cut, RRR 50 bps cut and 7-day RR cut to 1.4%
PBOC Governor Pan announces LPR 10 bps cut, RRR 50 bps cut and 7-day RR cut to 1.4%
Following a meeting with the People's Bank of China (PBOC), China Securities Regulatory Commission, National Financial Regulatory Authority, the Chinese central bank Governor Pan Gosheng announces interest rates cuts.
CentralBanks
USDCNY
PBOC
InterestRate
AUDUSD
Trump expected to announce the US will refer to the Persian Gulf as the "Arabian Gulf"
Trump expected to announce the US will refer to the Persian Gulf as the "Arabian Gulf"
Trump is expected to announce during his upcoming visit to Saudi Arabia that the United States will begin referring to the Persian Gulf as the "Arabian Gulf"
Politics
AUD/USD rises above 0.6500 following domestic data, US-China trade talks eyed
AUD/USD rises above 0.6500 following domestic data, US-China trade talks eyed
The AUD/USD pair continues its upward momentum for the fourth consecutive session, hovering around the 0.6510 mark during Wednesday’s Asian trading hours. The Australian Dollar (AUD) finds support from releasing domestic mid-tier economic data and improving global trade sentiment.
AUDUSD
Majors
Macroeconomics
Australia
PBOC sets USD/ CNY reference rate for today at 7.2005 (vs. estimate at 7.2124)
PBOC sets USD/ CNY reference rate for today at 7.2005 (vs. estimate at 7.2124)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.2005 vs. 7.2008 previous
PBOC sets USD/CNY reference rate at 7.2005 vs. 7.2008 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.2005 as compared to the previous day's fix of 7.2008 and 7.2124 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
PBOC Governor Pan says world is full of uncertainties - cuts rates
PBOC Governor Pan says world is full of uncertainties - cuts rates
People's Bank of China, China Securities Regulatory Commission, National Financial Regulatory Authority news conference
China Stock Market
China
pboc
Australia - Santos CEO says over 200 wells underwater due to floods in Cooper Basin
Australia - Santos CEO says over 200 wells underwater due to floods in Cooper Basin
The Cooper Basin is a significant source of natural gas for Australia
Natural gas
Oil
Japan Jibun / S&P Global Services PMI for April 52.4 (flash was 52.2, prior 50.0)
Japan Jibun / S&P Global Services PMI for April 52.4 (flash was 52.2, prior 50.0)
The preliminary reading was the highest in three months, confirmed in the final now
US may deport people to Libya
US may deport people to Libya
US official announces. Says the first flight could leave as soon as tomorrow, Wednesday.
Politics
PBOC is expected to set the USD/CNY reference rate at 7.2124 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2124 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
EUR/USD continues to muddle along ahead of key Fed showing
EUR/USD continues to muddle along ahead of key Fed showing
EUR/USD muddled through Tuesday’s market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move.
EURUSD
Fed
InterestRate
PBOC Governor Pan press conference appearance soon
PBOC Governor Pan press conference appearance soon
People's Bank of China Governor Pan to speak
ICYMI: US-UK trade talks make some progress on steel, autos, but deal timing still unclear
ICYMI: US-UK trade talks make some progress on steel, autos, but deal timing still unclear
90-day pause on retaliatory tariffs is set to expire in early July
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
TradeWar
Fed
BOE
GBPUSD
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
TradeWar
Fed
BOE
GBPUSD
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