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Fxstreet
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Technical Analysis
Majors
Macroeconomics
GBPUSD
Fundamental Analysis
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Forex Live
Trump: The only question for Carney is why the US is subsidizing Canada
Carney will arrive at the White House shortly
CAD
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Fxstreet
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
The EUR/JPY pair rebounds above 162.00 during the North American trading session after attracting bids near 161.60, which is the intraday low.
ECB
Germany
BOJ
EURJPY
RiskAversion
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Fxstreet
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
The Swiss franc’s strong performance and soft inflation have raised expectations of SNB action, while the euro’s recent strength is now under scrutiny amid economic headwinds and speculation about future ECB cuts, Rabobank's FX analyst Jane Foley notes.
Technical Analysis
EURCHF
USDCHF
Banks
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Forex Live
Bessent touts 'very good offers' on trade again, market yawns and sells the US dollar
Lows of the day for the US dollar
Politics
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Forex Live
Merz confirmed in second parliamentary vote
Embarrassing but not a material setback
EUR
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Fxstreet
Germany: Merz was elected Chancellor
German conservative leader Friedrich Merz was elected chancellor on Tuesday following an unprecedented second round of parliamentary voting, after his coalition with the centre-left Social Democrats suffered an unexpected defeat in the initial ballot.
GDP
EURUSD
Germany
Politics
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Fxstreet
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
United States (US) Treasury Secretary Scott Bessent said on Tuesday that they are actively negotiating with 17 trading partners, while clarifying that they have not engaged with China as of yet, per Reuters.
China
UnitedStates
Politics
Macroeconomics
By
Fxstreet
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY continues to trade lower as renewed safe-haven demand supports the Japanese Yen (JPY).
Currencies
Majors
USDJPY
Macroeconomics
Fundamental Analysis
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Fxstreet
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
The EUR/GBP pair falls sharply to near 0.8460 during North American trading hours on Tuesday, the lowest level seen in a month. The pair slumps as the Pound Sterling (GBP) outperforms its peers in a risk-off market sentiment.
EURGBP
BOE
Germany
InterestRate
UnitedStates
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Forex Live
Here is what a huge front-run of US tariffs looks like. Now for the bust
Finished metal shapes imports boomed, now here comes the bust
USD
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Fxstreet
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the European Union (EU) plans to target about €100 billion worth of United States (US) imports with additional tariffs if they fail to reach a deal with the US.
EURUSD
Europe
Eurozone
Politics
Macroeconomics
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Forex Live
India announces a big trade deal... but not with the country expected
The UK and India will have free trade
Politics
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Forex Live
Canada trade balance Canada trade balance for March (C$) -0.51B vs -1.56B estimate
The Canada trade balance information for March 2025
CAD
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Forex Live
US March international trade balance -140.5B vs -137.0B expected
March US international trade balance data
USD
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Forex Live
The focus is back on trade today, in more ways than one
The indications on US trade deals aren't
USD
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Forex Live
Bundestag will hold a second Merz vote today at 15:15 Berlin time
Well that was fast
EUR
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Fxstreet
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
The Euro (EUR) is quiet and trading within a remarkably tight range, given the broader context of uncertainty and German Chancellor Merz’ failure to secure a majority for his confirmation vote in the German parliament, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
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Fxstreet
CAD is consolidating in recent range near high – Scotiabank
The CAD is entering Tuesday’s NA session unchanged vs. the USD, its range tightly bound within a marginally bullish (USD/CAD bearish) trend channel from mid April, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
By
Fxstreet
USD: Sentiment fragile as German politics hits European equities – Scotiabank
Markets are generally quiet and G10 currencies are trading in a mixed fashion against the US Dollar (USD), with no clear overriding theme or risk tone as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
DollarIndex
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Fxstreet
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
The Mexican Peso (MXN) is rising against the US Dollar (USD) on Tuesday, reversing earlier losses as traders reduced Dollar exposure ahead of Wednesday’s highly anticipated Federal Reserve (Fed) policy decision.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
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Forex Live
Forexlive European FX news wrap: Failed German first voting round sends DAX for a ride
Forex news from the European morning session on May 6, 2025
Session wrap
Wrap Europe
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Forex Live
EU targets €100 billion of US goods with tariffs if talks fail
Report moving the markets
market overview
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Fxstreet
Silver Price Forecast: XAG/USD rallies to near $33 on Trump’s fresh tariff threats
Silver price (XAG/USD) surges to near $33.00 during European trading hours on Tuesday. The white metal strengthens as demand for safe-haven assets increasez after United States (US) President Donald Trump threatened to impose tariffs on pharmaceuticals.
Silver
China
TradeWar
Fed
XAGUSD
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Forex Live
This is why you should be nimble when trading
The DAX is erasing most of the losses following Merz's loss in the first voting round as expectations for a quick resolution build
DAX
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Fxstreet
US Dollar Index at fresh low for May after German Chancellor Merz secures majority
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is sliding lower on Tuesday with market nervousness picking up again.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
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Fxstreet
USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the pair’s inability to reclaim 7.30 suggesting further downside risk toward 7.14 and 7.10, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
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Fxstreet
AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD has staged a steady recovery from last month’s lows and is now testing the 200-day moving average, with a breakout above February highs near 0.6410 seen as critical for unlocking further upside toward 0.6550 and beyond, Société Générale's FX analysts note.
Technical Analysis
Banks
AUDUSD
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Fxstreet
EUR/CHF falls despite soft Swiss CPI print – Danske Bank
April’s downside surprise in Swiss inflation has reinforced expectations of a June rate cut by the SNB, with markets now entertaining the possibility of a return to negative interest rates as the strong franc and global uncertainties weigh on growth and price stability, Danske Bank's FX analysts rep
Banks
EURCHF
SNB
Switzerland
Inflation
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Fxstreet
Pound Sterling rallies against US Dollar ahead of Fed-BoE monetary policy
The Pound Sterling (GBP) surges to near 1.3390 against the US Dollar (USD) during North American trading hours on Tuesday.
China
Fed
SEO
BOE
GBPUSD
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Forex Live
China will hold press conference on Wednesday on financial policy package
The press conference will be with officials from central bank, securities regulator and financial regulator. Stimulus incoming?
CNH
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Fxstreet
USD/CNH can rise further to 7.2400 – UOB Group
Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,
Technical Analysis
USDCNH
Banks
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Fxstreet
USD/CNH drops to six-month low amid optimism – Danske Bank
Asian currencies rallied sharply, led by a historic surge in the Taiwan dollar, as growing speculation over imminent trade talks between the US and its Asian partners boosted market sentiment and fueled hopes of policy shifts, Danske Bank's FX analysts report.
China
Currencies
USDCNY
USDCNH
Banks
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Fxstreet
USD/JPY has likely entered a consolidation phase – UOB Group
US Dollar (USD) is expected to trade in a 143.40/144.85 range vs Japanese Yen (JPY). In the longer run, USD has likely entered a consolidation phase and is likely to trade between 142.20 and 146.70 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
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Forex Live
EU's Sefcovic: EU doesn't feel weak or under pressure to accept unfair deal with the US
Further remarks by the EU Trade Commissioner
EUR
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Fxstreet
USD faces downside risks despite recent stabilization – Danske Bank
Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.
Technical Analysis
Currencies
EURUSD
Banks
DollarIndex
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Fxstreet
US oil industry set to slow – ING
The weakness in oil prices will prompt a pullback in drilling activity in the US, ING's commodity expert Warren Patterson notes.
Oil
Energy
Brent
Banks
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Fxstreet
NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
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