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US weekly Initial Jobless Claims rise to 241K vs. 224K expected
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
There were 241,000 initial jobless claims in the week ending April 26, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure follows the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
WH Hassett: Tariff news expected by the end of the day
WH Hassett: Tariff news expected by the end of the day
Hassett teasing some important (?) news on tariffs on CNBC
USD's safe haven appeal fades as trade war backfires – Rabobank
USD's safe haven appeal fades as trade war backfires – Rabobank
Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.
Technical Analysis
US Elections
EURUSD
Banks
DollarIndex
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
Forex news from the European morning session on May 1, 2025
Session wrap
Wrap Europe
GBP quiet despite improvement in manufacturing PMI – Scotiabank
GBP quiet despite improvement in manufacturing PMI – Scotiabank
The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD slips modestly on firmer USD – Scotiabank
CAD slips modestly on firmer USD – Scotiabank
The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
United States (US) Treasury Secretary Scott Bessent told Fox Business Network on Thursday the fact that the two-year US Treasury bond yield is below the federal funds rate is a signal that the Federal Reserve (Fed) should cut rates, per Reuters.
Fed
UnitedStates
CentralBanks
Macroeconomics
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD improves on stock rebound, trade hopes – Scotiabank
USD improves on stock rebound, trade hopes – Scotiabank
It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex
USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes.
GDP
BOJ
USDJPY
InterestRate
PMI
US April Challenger layoffs 105.44k vs 275.24k prior
US April Challenger layoffs 105.44k vs 275.24k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 1 May 2025
Bessent: Strategic uncertainty is Trump's negotiating tactic
Bessent: Strategic uncertainty is Trump's negotiating tactic
Nobody can know what you're doing when you don't know it yourself
Politics
US Bessent: Need to see de-escalation with China on tariffs
US Bessent: Need to see de-escalation with China on tariffs
Comments from the US Treasury Secretary Scott Bessent
Politics
AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
The AUD/USD pair is down 0.3% to near 0.6380 in Thursday’s European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.
AUDUSD
TradeBalance
TradeWar
China
UnitedStates
No relief for oil as price continues to tumble lower
No relief for oil as price continues to tumble lower
A myriad of factors are weighing on the market at the moment
A non-consensus trade opportunity as the selloff in crude oil gathers attention
A non-consensus trade opportunity as the selloff in crude oil gathers attention
Crude oil has been selling off hard as the focus has been on higher supply fears but a non-consensus trade opportunity on higher prices could be in the cards
Will EU trade pivot away from the US? – Standard Chartered
Will EU trade pivot away from the US? – Standard Chartered
The US has become the EU’s dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation.
China
TradeWar
Europe
Politics
Banks
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.
Technical Analysis
NFP
USDJPY
Banks
DollarIndex
EUR/USD slumps as US Dollar extends recovery after US Manufacturing PMI data
EUR/USD slumps as US Dollar extends recovery after US Manufacturing PMI data
EUR/USD falls sharply to near 1.1285 during North American trading hours on Thursday. The major currency pair declines as the US Dollar Index (DXY), which tracks the Greenback’s value against six major peers, extends its two-day recovery above the psychological level of 100.00.
ECB
China
EURUSD
TradeWar
SEO
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.
Technical Analysis
BOJ
Japan
USDJPY
Banks
Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact
Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact
Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a 'tremendously adverse' impact on the economy.”
TradeWar
UnitedStates
Macroeconomics
DollarIndex
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
CAD strengthens on trade optimism and BOC caution – BBH
CAD strengthens on trade optimism and BOC caution – BBH
The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report.
BOC
USDCAD
Banks
BOJ holds rates, slashes forecasts – Yen falls – BBH
BOJ holds rates, slashes forecasts – Yen falls – BBH
As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.
BOJ
USDJPY
Banks
USD/JPY rises post-BoJ – Société Générale
USD/JPY rises post-BoJ – Société Générale
USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.
Technical Analysis
USDJPY
Banks
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver price (XAG/USD) is extending its losses for the third successive session, trading around $32.30 per troy ounce during the European session on Thursday.
Technical Analysis
Silver
Metals
Commodities
XAGUSD
USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank
USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank
JPY still a safe haven as policy uncertainty supports demand
BOJ
USDJPY
Banks
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY).
Crosses
Technical Analysis
Currencies
BOJ
EURJPY
GBP: On the lookout for warmer European relations – ING
GBP: On the lookout for warmer European relations – ING
In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election.
UnitedKingdom
EURGBP
Banks
GBPUSD
EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank
EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank
EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report.
NFP
Currencies
EURUSD
Banks
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.
Technical Analysis
BOJ
Japan
USDJPY
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