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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
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
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)
The preliminary reading was the highest in three months, confirmed in the final now
JPY

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 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 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


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

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 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

Bessent with juicy China trade talk details - we'll decide what we are going to talk about
"My sense is this will be about de-escalation"
China
USD

New Zealand employment report, Unemployment rate 5.1% vs. 5.3% expected
January - March jobs data from New Zealand
NZD

China' s Ministry of Commerce says is has "decided to agree to engage with the US"
MofCom gave it some thought ....
China
USD

China confirms Vice Premier He Lifeng to talk trade with Bessent this week
Official China statement
China
USD

Australian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meeting
The meeting is said to be taking place later this week in Switzerland
China
AUD

"Sources" say US' Bessent and Greer to meet with China rep on Economic Matters this week
The two to meet with a representative from China
USD

AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day’s range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD

Japanese media reports that Fujifilm will build a semiconductor materials factory in India
This was floated back in January, Nikkei confirms npow
JPY
Nasdaq

USD/JPY firms as trade tensions and Fed caution weigh on Dollar
USD/JPY is trading weaker on Tuesday, hovering in the 142.00 area as safe-haven demand strengthens the Japanese Yen.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis

RBNZ says risks to the financial system have increased over the past six months
Reserve Bank of New Zealand Financial Stability Report
RBNZ

Reports on intense shelling between Indian and Pakistani troops at 3 frontier locations
Across the frontier in Kashmir
Politics

EUR/JPY Price Analysis: Euro drifts near 162.00 as bearish pressure starts to build
The EUR/JPY pair weakened slightly on Tuesday, hovering around the 162.00 mark after the European session, with price action holding mid-range between intraday highs and lows.
Crosses
Technical Analysis
Currencies
EURJPY

India Launches Missile Strikes on Alleged Terror Camps in Pakistan
Pakistani security officials reported that missiles were fired into three locations along the border.
Politics

Forexlive Americas FX news wrap: US dollar slumps as trade deals remain stuck
Forex news for North American trading on May 6, 2025
Session wrap
Wrap Nth America

Oil: private survey of inventory shows headline crude oil draw larger than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Oil

ICYMI - China press conference Wednesday - PBOC, securities regulator, financial regulator
China’s State Council says a press conference will be held today on a financial policy package aimed at stabilizing markets and expectations.
China
pboc

AUD/USD remains resilient amid Fed uncertainty and trade concerns
The AUD/USD pair remains resilient, despite a retreat from recent highs. The Australian Dollar (AUD) benefits from a weaker US Dollar (USD), as market participants focus on the Federal Reserve’s (Fed) anticipated policy meeting on Wednesday.
Australia
SEO
Majors
AUDUSD
Macroeconomics

S&P closes lower for the second consecutive day
Two negative closes after nine days of gains.
Stocks

Economic calendar in Asia Wednesday, May 7, 2025 - New Zealand jobs report for Q1
Asian Economic Calendar: Key Events and Consensus Expectations for 07 May 2025
economic calendar

Trade ideas thread - Wednesday, 7 May, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD

Canadian PM Carney: This is the point at which a serious conversation begins
Following a joint press conference between Canadian Prime Minister Mark Carney and United States (US) President Donald Trump, Canadian PM Carney followed up with a press conference of his own, adding some much-needed clarity to the discussions that have begun between Canada and the US about trade st
Canada
TradeWar
USDCAD
Politics

USD/CAD takes the first Trump-Carney meeting in stride. Discussions were 'constructive'
Canadian dollar gains on the day
CAD

Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency
United States (US) Deputy Treasury Secretary Michael Faulkender hit newswires on Tuesday, noting that despite ongoing market tensions and investor concerns about US economic stability, demand for US Treasuries and US Dollar demand remain high.
TradeWar
UnitedStates
Politics
DollarIndex

Mexican Peso firms as US trade deficit widens, Trump softens tariff rhetoric
The Mexican Peso recovered some ground on Tuesday against the Greenback as traders digested the latest Trade Balance figures of the United States (US), which showed the trade deficit widened.
Mexico
SEO
USDMXN
Banxico
Macroeconomics

US Dollar slumps further as Fed decision nears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, remained under heavy selling pressure on Tuesday as investors turned defensive ahead of the Federal Reserve’s (Fed) monetary policy decision.
Currencies
SEO
DollarIndex