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UK and US have reached a "heads of terms" trade agreement – Sky News
UK and US have reached a "heads of terms" trade agreement – Sky News
Citing confirmation from a British government source, Sky News reported on Thursday that the UK and the US have reached a "heads of terms" agreement and a "substantive" step towards a full trade deal.
TradeWar
UnitedStates
UnitedKingdom
GBPUSD
USD/CAD Price Forecast: Remains confined in a multi-week-old range; not out of the woods yet
USD/CAD Price Forecast: Remains confined in a multi-week-old range; not out of the woods yet
The USD/CAD pair attracts buyers for the second successive day on Thursday and recovers further from the year-to-date (YTD) low, around the mid-1.3700s touched earlier this week.
Currencies
TradeWar
Fed
USDCAD
GBP/USD remains below 1.3335 – UOB Group
GBP/USD remains below 1.3335 – UOB Group
Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
UK PM Starmer: You will hear more from me later today on US economic deal
UK PM Starmer: You will hear more from me later today on US economic deal
UK Prime Minister (PM) Keir Starmer said on Thursday, “you will hear more from me later today on the US economic deal.”
TradeWar
UnitedStates
UnitedKingdom
GBPUSD
UK and US have agreed on terms for trade deal - report
UK and US have agreed on terms for trade deal - report
Sky News reports, citing confirmation from a government source
Politics
AUD/JPY rises toward 93.00, rebounds due to easing safe-haven demand
AUD/JPY rises toward 93.00, rebounds due to easing safe-haven demand
AUD/JPY snaps a three-day losing streak and trades around 92.90 during European hours on Thursday, buoyed by waning demand for safe-haven assets like the Japanese Yen (JPY).
AUDJPY
Crosses
Macroeconomics
Japan
Australia
GBP: We're not as dovish as some on the BoE – ING
GBP: We're not as dovish as some on the BoE – ING
Today's Bank of England meeting should be a market mover, ING's FX analyst Chris Turner notes.
Technical Analysis
BOE
Banks
GBPUSD
EUR/USD is tilted to the downside – UOB Group
EUR/USD is tilted to the downside – UOB Group
Bias for Euro (EUR) is tilted to the downside vs US Dollar (USD); any decline is likely limited to a test of 1.1280. In the longer run, current price movements are likely part of a consolidation phase between 1.1225 and 1.1410, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR: Are long positions getting stale? – ING
EUR: Are long positions getting stale? – ING
EUR/USD has drifted lower to test support at 1.1300 today, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
The US Dollar extends gains against the JPY on positive sentiment
The US Dollar extends gains against the JPY on positive sentiment
The announcement of the outline for a trade deal with the UK is giving the greenback a boost as overstretched short positions get unwound
JPY
USD
UK PM Starmer: You will hear more from me later today on US economic deal
UK PM Starmer: You will hear more from me later today on US economic deal
Well, if it wasn't already clear, the deal is defintely with the UK
NZD/USD Price Forecast: Remains below nine-day EMA near 0.5950 psychological resistance
NZD/USD Price Forecast: Remains below nine-day EMA near 0.5950 psychological resistance
The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending channel pattern.
Technical Analysis
Majors
NZDUSD
Gold price sees retreat on the back of US-UK trade deal breakthrough
Gold price sees retreat on the back of US-UK trade deal breakthrough
Gold (XAU/USD) slips to $3,340 at the time of writing on Thursday, a smaller-than 1% correction in safe haven outflow, with United States (US) President Donald Trump expected to announce a trade deal agreement with the United Kingdom (UK) at a news conference at 14:00 GMT in Washington, according to
TradeWar
UnitedStates
SEO
Gold
Commodities
Pound Sterling gains after BoE cuts interest rates to 4.25%, guides gradual easing
Pound Sterling gains after BoE cuts interest rates to 4.25%, guides gradual easing
The Pound Sterling (GBP) attracts bids against its peers in Thursday’s European session after the Bank of England’s (BoE) hawkish interest rate cut decision.
Fed
SEO
BOE
InterestRate
GBPUSD
EUR/GBP remains subdued around 0.8500 due to US-UK trade deal hopes, BoE decision in focus
EUR/GBP remains subdued around 0.8500 due to US-UK trade deal hopes, BoE decision in focus
EUR/GBP is extending losses for the fourth consecutive session, trading near 0.8500 in early European hours on Thursday.
Crosses
Eurozone
UnitedKingdom
EURGBP
Macroeconomics
Forex Today: US Dollar rebounds after Fed, attention turns to BoE
Forex Today: US Dollar rebounds after Fed, attention turns to BoE
Here is what you need to know on Thursday, May 8:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
European equities hold higher at the open today
European equities hold higher at the open today
Stocks stay buoyed by trade optimism to start the session
Stocks
US Dollar Index advances to near 100.00 due to Fed caution, Initial Jobless Claims eyed
US Dollar Index advances to near 100.00 due to Fed caution, Initial Jobless Claims eyed
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is extending gains for a second straight session, hovering near 100.00 at the time of writing. The DXY may continue to gain ground amid the Federal Reserve’s (Fed) cautious policy stance.
Resources
UnitedStates
Majors
Macroeconomics
DollarIndex
China president Xi arrives in Kremlin for talks with Putin
China president Xi arrives in Kremlin for talks with Putin
Be on the lookout for comments by Xi and/or Putin later in the day
Politics
Dollar climbs as hopeful optimism builds on trade
Dollar climbs as hopeful optimism builds on trade
Will it end up being a case of buy the rumour, sell the fact though?
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 Thursday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.74, with the EUR/INR pair declining from its previous close at 95.75.
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data. Palladium (XPD) changes hands at $963.90 a troy ounce, with the XPD/USD pair easing from its previous close at $965.90.
Platinum
Palladium
Commodities
What are the main events for today?
What are the main events for today?
The highlights include the BoE Policy Decision, the US Jobless Claims and Trump's trade deal announcement
market overview
UK Official confirms Trump expected to announce US deal outline
UK Official confirms Trump expected to announce US deal outline
An official at the UK government confirmed on Thursday that US President Donald Trump is expected to announce an outline of the US-UK trade deal.
TradeWar
UnitedStates
UnitedKingdom
GBPUSD
UK official confirms Trump expected to announce US deal outline
UK official confirms Trump expected to announce US deal outline
This follows up reports overnight saying that Trump will announce a framework of a trade deal with the UK
Politics
Heads up on timing of BOE policy decision later today
Heads up on timing of BOE policy decision later today
The decision and statement will be released at 1102 GMT, two minutes later than usual
German Industrial Production jumps 3% MoM in March vs. 0.8% expected
German Industrial Production jumps 3% MoM in March vs. 0.8% expected
Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.
EURUSD
Germany
EconomicIndicator
IndustrialProduction
Eurostoxx futures +0.7% in early European trading
Eurostoxx futures +0.7% in early European trading
A more buoyant mood ahead of the open later
Stocks
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $58.35 per barrel, up from Wednesday’s close at $57.68.
Oil
WTI
Commodities
Bullish
BoE's Bailey: We welcome US-UK trade agreements
BoE's Bailey: We welcome US-UK trade agreements
Bank of England Governor Andrew Bailey explained the decision to cut the policy rate to 4.25% following the May meeting and responded to questions during the post-meeting press conference.
Currencies
SEO
BOE
GBPUSD
China premier Li reportedly set for visit to Malaysia later this month
China premier Li reportedly set for visit to Malaysia later this month
Reuters reports, citing two sources on the matter
Politics
FX option expiries for May 8 NY cut
FX option expiries for May 8 NY cut
FX option expiries for May 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
EUR/USD holds steady above 1.1300 amid softer USD; lacks bullish conviction
EUR/USD holds steady above 1.1300 amid softer USD; lacks bullish conviction
The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday and reverses a part of the overnight slide from the 1.1375-1.1380 resistance zone.
EURUSD
Fed
TradeWar
Currencies
Bullish
NZD/USD trades higher near 0.5950 ahead of potential US-China trade talks
NZD/USD trades higher near 0.5950 ahead of potential US-China trade talks
The NZD/USD pair is trading near 0.5970 during Thursday’s Asian session, rebounding after a more than 1% decline in the previous session. The recovery is driven by optimism surrounding potential de-escalation in US-China trade tensions.
Majors
NewZealand
NZDUSD
Macroeconomics
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver (XAG/USD) attracts fresh buying during the Asian session on Thursday and reverses a major part of the previous day's retracement slide from over a one-week high. The white metal climbs to the $33.00 neighborhood in the last hour and seems poised to appreciate further.
Technical Analysis
Silver
Commodities
XAGUSD
Bullish
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