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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
NZD/USD breaks below 0.5900, remains subdued following China’s trade data
NZD/USD breaks below 0.5900, remains subdued following China’s trade data
The NZD/USD pair continues its downward trajectory for the third consecutive session, hovering near 0.5890 during Friday's Asian trading hours. The decline follows the release of China's latest trade data, which pointed to a slowdown in external demand.
China
Majors
NewZealand
NZDUSD
Macroeconomics
US Dollar Index (DXY) consolidates near 100.50 area, just below multi-week high
US Dollar Index (DXY) consolidates near 100.50 area, just below multi-week high
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, enters a bullish consolidation phase after touching a nearly one-month top, around the 100.85 region during the Asian session on Friday.
Currencies
TradeWar
Fed
DollarIndex
Japanese Yen retains intraday positive bias against retreating USD; US-China trade talks in focus
Japanese Yen retains intraday positive bias against retreating USD; US-China trade talks in focus
The Japanese Yen (JPY) remains on the front foot against a broadly retreating US Dollar (USD) and drags the USD/JPY pair to the 145.00 psychological mark during the first half of the European session on Friday.
TradeWar
Fed
BOJ
SEO
USDJPY
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 Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
How did US tariffs impact China's latest trade numbers?
How did US tariffs impact China's latest trade numbers?
A closer look at what the numbers might be hiding
WTI hovers near $60.00, upside appears due to easing trade tensions
WTI hovers near $60.00, upside appears due to easing trade tensions
West Texas Intermediate (WTI) crude Oil price edges lower during Asian trading hours on Friday, trading near $59.80 per barrel after posting a nearly 4% gain in the previous session.
Oil
Majors
WTI
Commodities
Macroeconomics
AUD popped above 0.6400 after better than expected China exports data ... be careful folks
AUD popped above 0.6400 after better than expected China exports data ... be careful folks
I'm going to have be a little sceptical of the Chinese trade numbers
China’s Vice Foreign Min Hua: Beijing has full confidence in ability to manage US trade issues
China’s Vice Foreign Min Hua: Beijing has full confidence in ability to manage US trade issues
Chinese Vice Foreign Minister Hua Chunying said on Friday, “China has ‘full confidence’ in its ability to manage United States (US) trade issues.”
China
TradeWar
UnitedStates
AUDUSD
China’s Trade Balance: Surplus shrinks in April despite solid Exports
China’s Trade Balance: Surplus shrinks in April despite solid Exports
China's Trade Balance for April, in Chinese Yuan (CNY) terms, came in at CNY689.99 billion, showing a slight cooling off from the previous figure of CNY736.72 billion.
China
TradeBalance
EconomicIndicator
AUDUSD
USD/INR depreciates as RBI potentially intervene to support under pressure Indian Rupee
USD/INR depreciates as RBI potentially intervene to support under pressure Indian Rupee
The Indian Rupee (INR) gains ground against the US Dollar (USD), recovering losses on Friday. However, the USD/INR pair opened with a gap up following approximately a 1% gain in the previous day. Traders will likely await India’s FX Reserves data later in the day.
Asia
SEO
USDINR
India
Macroeconomics
USD/CAD climbs to multi-week top, closer to mid-1.3900s amid sustained USD buying
USD/CAD climbs to multi-week top, closer to mid-1.3900s amid sustained USD buying
The USD/CAD pair is seen building on this week's recovery from the year-to-date low, around mid-1.3700s, and gaining positive traction for the third successive day on Friday.
Currencies
TradeWar
Fed
USDCAD
Employment
Gold price touches fresh daily high around $3,330 area; easing trade tensions might cap gains
Gold price touches fresh daily high around $3,330 area; easing trade tensions might cap gains
Gold price (XAU/USD) attracts some dip-buyers on Friday following an Asian session slide to the $3,275-3,274 area, and for now, seems to have snapped a two-day losing streak.
TradeWar
Fed
SEO
Gold
Commodities
China's SMIC warns of weak Q2 amid trade uncertainty, projects revenue decline
China's SMIC warns of weak Q2 amid trade uncertainty, projects revenue decline
China's semiconductor foundry, Semiconductor Manufacturing International Corporation (SMIC)
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