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EUR/JPY retreats from highs as Trump tariff threat tempers trade optimism
EUR/JPY retreats from highs as Trump tariff threat tempers trade optimism
The EUR/JPY pair is trading lower on Friday, weighed down by renewed US–China trade tensions, mixed economic data out of Japan, and cautious investor positioning ahead of a scheduled speech by European Central Bank (ECB) Executive Board member Isabel Schnabel. 
Crosses
Technical Analysis
Currencies
EURJPY
Macroeconomics
USD/JPY corrects to near 145.00 as US Dollar retraces, US-China trade talks in spotlight
USD/JPY corrects to near 145.00 as US Dollar retraces, US-China trade talks in spotlight
The USD/JPY pair retraces to near 145.00 during North American trading hours on Friday after failing to extend its upside above almost a month's high of 146.20 earlier in the day.
China
Fed
Japan
USDJPY
DollarIndex
Is it taboo to talk about shipping fraud?
Is it taboo to talk about shipping fraud?
There will obviously be transshipping
China's Copper ore imports at record level – Commerzbank
China's Copper ore imports at record level – Commerzbank
Trade data from China also supports the impression of continued strong demand for Copper in the most important market for the metal, which is essential for electrification, Commerzbank's commodity analyst Thu Lan Nguyen notes.
Metals
Copper
Commodities
Banks
Chinese central bank has been buying Gold for six months – Commerzbank
Chinese central bank has been buying Gold for six months – Commerzbank
The Chinese central bank PBoC continued to buy Gold in April for the sixth month in a row, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Banks
EIA lowers forecast for US oil production – Commerzbank
EIA lowers forecast for US oil production – Commerzbank
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production downwards, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Brent
Banks
USD/CAD ticks higher to near 1.3920 as Canadian unemployment accelerates
USD/CAD ticks higher to near 1.3920 as Canadian unemployment accelerates
The USD/CAD pair moves higher to near 1.3920 in Friday’s North American session after the release of the Canadian labor market data for April.
China
BOC
USDCAD
Employment
DollarIndex
US stock indices are set to open higher
US stock indices are set to open higher
Hopes for trade deals spur on buying
Canada Unemployment Rate rises to 6.9% in April vs. 6.8% expected
Canada Unemployment Rate rises to 6.9% in April vs. 6.8% expected
The Unemployment Rate in Canada edged higher to 6.9% in April from 6.7% in March, Statistics Canada reported on Friday. This reading came in above the market expectation of 6.8%.
Canada
USDCAD
Employment
EconomicIndicator
Macroeconomics
Fed's Williams: Price stability is foundational for Fed
Fed's Williams: Price stability is foundational for Fed
New York Federal Reserve Bank (Fed) President John Williams said on Friday that price stability is foundational for the Fed, per Reuters.
Fed
CentralBanks
Fed's Williams: Now is a time of great uncertainty and change
Fed's Williams: Now is a time of great uncertainty and change
Comments from the New York Fed President Williams
It's Canadian jobs day. What to watch for
It's Canadian jobs day. What to watch for
Canadian employment data is due at the bottom of the hour
ForexLive European FX news wrap: Trump floats cutting China tariffs to 80%
ForexLive European FX news wrap: Trump floats cutting China tariffs to 80%
Forex news from the European morning session on May 9, 2025
Session wrap
Wrap Europe
Gold price with ups and downs, focus on upcoming trade talks – Commerzbank
Gold price with ups and downs, focus on upcoming trade talks – Commerzbank
The price of gold fell below $3,300 per troy ounce overnight, after it rose above the $3,400 mark on Tuesday, marking its highest level since reaching a record high two weeks earlier, Commerzbank's commodity analyst Carsten Fritsch notes.
XAUUSD
Metals
Gold
Commodities
Banks
EUR entering NA session with modest gain – Scotiabank
EUR entering NA session with modest gain – Scotiabank
The Euro (EUR) is entering Friday’s NA session with a modest 0.2% gain, still trading below 1.13 but seeing a solid recovery from a short lived decline to 1.12, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
USD/CNH: Downward momentum is slowing rapidly – UOB Group
USD/CNH: Downward momentum is slowing rapidly – UOB Group
Room for US Dollar (USD) to continue to rise against the Chinese Yuan (CNH), but it does not appear to have enough momentum to break above 7.2600.
Technical Analysis
USDCNH
Banks
Fed's Kugler: Makes sense to maintain moderately restrictive policy rate
Fed's Kugler: Makes sense to maintain moderately restrictive policy rate
Federal Reserve (Fed) Governor Adriana Kugler told Bloomber TV on Friday that the policy rate is currently moderately restrictive and added that it makes sense to maintain it.
Fed
CentralBanks
China also imported large quantities of crude oil in April – Commerzbank
China also imported large quantities of crude oil in April – Commerzbank
Chinese refineries continued to import large quantities of crude oil in April, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
CAD is flat and consolidating post-Fed losses – Scotiabank
CAD is flat and consolidating post-Fed losses – Scotiabank
The Canadian Dollar (CAD) is entering Friday’s NA session trading flat vs. the US Dollar (USD) as it consolidates this week’s post-Fed losses.
Technical Analysis
Canada
BOC
USDCAD
Banks
Kazakhstan continues to produce too much oil – Commerzbank
Kazakhstan continues to produce too much oil – Commerzbank
Kazakhstan continues to produce significantly more oil than agreed and apparently has no plans to reduce production in May, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank
USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank
G10 FX performance is varied heading into Friday’s NA session as most currencies claw back a portion of this week’s post-Fed losses against the US Dollar (USD).
Technical Analysis
Fed
Banks
DollarIndex
BOE's Pill: Not seeing a dramatic shift in the UK economy after tariff announcements
BOE's Pill: Not seeing a dramatic shift in the UK economy after tariff announcements
As a reminder, Pill dissented against the rate cut yesterday as he voted to keep the bank rate unchanged
US Pres. Trump: 80% tariff on China seems right
US Pres. Trump: 80% tariff on China seems right
In a post published on Truth Social on Friday, United States (US) President Donald Trump said 80% tariffs on Chinese goods "seems right."
China
UnitedStates
Politics
Macroeconomics
AUD/USD rises above 0.6400 as US Dollar falls back, US-China trade talks eyed
AUD/USD rises above 0.6400 as US Dollar falls back, US-China trade talks eyed
The AUD/USD pair recovers initial losses and rises above the key level of 0.6400 during European trading hours on Friday.
China
Fed
UnitedStates
UnitedKingdom
AUDUSD
USD/JPY might not be able to break above 146.55 – UOB Group
USD/JPY might not be able to break above 146.55 – UOB Group
Scope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above 146.55.
Technical Analysis
USDJPY
Banks
Trump says that 80% tariffs on China "seems right"
Trump says that 80% tariffs on China "seems right"
Before adding that it'll be "up to Bessent" to decide
market overview
Trump: 80% tariff on China seems right
Trump: 80% tariff on China seems right
This is in contrast to the earlier reports of an easing to 50%
US Dollar Index pressured with markets bracing for trade talks over the weekend
US Dollar Index pressured with markets bracing for trade talks over the weekend
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is fully reversing course this Friday ahead of the United States (US) trade talks with China in Switzerland over the weekend.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
Mexican Peso breaks support in anticipation of US-China trade talks
Mexican Peso breaks support in anticipation of US-China trade talks
The Mexican Peso (MXN) is extending gains against the US Dollar (USD) on Friday, as markets digest a notable decline in Mexico's consumer confidence, a series of Federal Reserve speeches, and look ahead to the upcoming US-China trade discussions in Switzerland.
Mexico
Currencies
USDMXN
Banxico
Fundamental Analysis
Trump says that China should open up its market to the US
Trump says that China should open up its market to the US
The US president is up early again today
Politics
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