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US April S&P Global final services PMI 50.8 vs 51.4 prelim
The final services and composite PMI from S&P Global for April 2025
USD

Canada April S&P Global services PMI 41.5 vs 41.2 prior
Canada service sector survey from S&P Global
CAD

US dollar slides as the ISM services report highlights Monday's agenda
EUR/USD touches the highs of the day
USD

Iran says a deal with the US is achievable if the aim is to prevent nuclear arms
Bit of a backhanded comment there
Oil

ForexLive European FX news wrap: Dollar remains soft, gold pushes up while oil slumps
Forex news from the European morning session on May 5, 2025
Session wrap
Wrap Europe

AUD/USD refreshes five-month high near 0.6500 as Australian Labor Party retains power
The AUD/USD pair posts a fresh five-month high near the psychological level of 0.6500 on Monday.
AUDUSD
Fed
Politics
China
TradeWar

US Dollar sees April's ISM Services data save the day
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges lower to Friday's low around 99.62 at the time of writing on Monday, after the Taiwan Dollar (TWD) surges over 5% and triggers a spillover effect in Asian currencies against the Greenba
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex

WTI recovers early losses, acceleration in Oil output is still a concern
West Texas Intermediate (WTI), futures on NYMEX, recoups a substantial share of initial losses and rebounds from the intraday low of $55.14 to near $57.30 during European trading hours on Monday.
Oil
OPEC
China
TradeWar
WTI

Why knowing the market's expectations is critical for trading success
Future expectations is what drives the market and changes in those expectations provide opportunities
market overview


How have interest rate expectations changed after the US NFP report?
The market trimmed bets for Fed easing as June rate cut is now less likely
market overview

Pound Sterling gives back some gains against US Dollar after upbeat US ISM Services PMI
The Pound Sterling (GBP) struggles to extend its upside above the intraday high of 1.3330 against the US Dollar (USD) during North American trading hours on Monday.
Fed
SEO
BOE
InterestRate
GBPUSD

Vietnam says first tariffs negotiation with the US to take place this week
As remarked by Vietnamese prime minister, Phạm Minh Chính
Politics

Taiwan central bank confirms intervening in the market today
As confirmed by Taiwan central bank governor, Yang Chin-long
market overview

Taiwan central bank Governor: US did not ask Taiwan Dollar to appreciate
Speaking at a new conference, Taiwanese central bank Governor Yang Chin-long clarified that the “US did not ask Taiwan Dollar (TWD) to appreciate.”
UnitedStates
CentralBanks
Taiwan
DollarIndex

Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Metals
Commodities

Gold near 2.5% rally with weaker Greenback and geopolitics as drivers
Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time of writing, as geopolitical risk surges. The Houthi attack that hit Ben Gurion airport this weekend and Israel's promise to retaliate while preparing for a broad ground offensive in Gaza are elevating risks again in the region.
TradeWar
UnitedStates
SEO
Gold
Commodities

Dollar stays pinned down on the session
The greenback continues to struggle to start the new week
USD

AUD/JPY trades soft near 93.50 as global trade uncertainties increase safe-haven demand
AUD/JPY trades subdued near 93.40 during European hours on Monday after gaining for three consecutive sessions. The currency cross is under pressure as rising global trade uncertainties boost demand for safe-haven assets like the Japanese Yen (JPY).
Crosses
Australia
AUDJPY
Japan
Macroeconomics

PBOC Governor Pan calls on Asian countries to work together to deal with tariffs
On Monday, People's Bank of China (PBOC) Governor Pan Gongsheng called on “Asian countries to work together to deal with tariffs.”
TradeWar
CentralBanks
PBOC
InterestRate
AUDUSD

ECB’s Panetta: Protectionism threatens to weaken prosperity
European Central Bank (ECB) executive board member Fabio Panetta said on Monday that “protectionism threatens to weaken prosperity.”
ECB
TradeWar
CentralBanks
InterestRate

ECB's Panetta: Protectionism threatens to weaken prosperity
Remarks by ECB executive board member, Fabio Panetta
EUR

Eurozone Sentix Investor Confidence Index recovers to -8.1 in May vs. -19.5 previous
The Eurozone Sentix Investor Confidence Index improved to -8.1 in May following April’s -19.5, the latest survey showed on Monday.
Sentiment
EURUSD
Eurozone
ConsumerConfidence
EconomicIndicator

PBoC Governor Pan: Global economic uncertainties are rising
Comments from the PBoC Governor Pan Gongsheng
CNH

Taiwan central bank plays down speculation after currency surge
The central bank says the US did not ask Taiwan to push up its currency
market overview

USD/CAD Price Forecast: Holds position above 1.3800, barrier appears near nine-day EMA
The USD/CAD pair is remaining steady after registering gains in the previous session, trading around 1.3810 during the European hours on Monday.
Technical Analysis
USDCAD
Majors

Eurozone May Sentix investor confidence -8.1 vs -12.5 expected
Latest data released by Sentix - 5 May 2025
EUR

The S&P 500 erased the entire drop since April 2. Now what?
The S&P 500 index extended the gains last Friday following the positive NFP report erasing the selloff since "Liberation Day". What's next?
S&P Futures

A return to negative rates look to be a given now for the SNB
Swiss inflation looks to turn into deflation again
SNB

SNB total sight deposits w.e. 2 May CHF 454.1 bn vs CHF 451.1 bn prior
Latest data released by the SNB - 5 May 2025
CHF

EUR/USD struggles to extend upside after surprisingly upbeat US ISM Services PMI
EUR/USD faces pressure near the intraday high of 1.1340 during the North American trading hours on Monday.
ECB
EURUSD
TradeWar
Fed
SEO

US Dollar Index remains below 100.00 ahead of ISM Services PMI
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is attempting to recover after opening with a gap down. The DXY is trading near 99.80 at the time of writing.
Fed
UnitedStates
Majors
Macroeconomics
DollarIndex

Forex Today: Eyes on US PMI data ahead of Fed's policy meeting
Here is what you need to know on Monday, May 5:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics

Market Outlook for the week of May 5th - May 9th
Highlights of the week include the FOMC and BoE monetary policy announcements and Canadian labor market data
GBP
CAD
USD

European equities more mixed at the open today
A more tentative risk mood with US futures weighed down
Stocks

EUR/INR: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Monday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.42, with the EUR/INR pair declining from its previous close at 95.50.

EUR/JPY attracts some sellers to near 163.50 as safe-haven demand grows
The EUR/JPY cross extends the decline to around 163.50 during the early European session on Monday. The Japanese Yen (JPY) edges higher against the Euro (EUR) on the rising safe-haven demand amid the economic uncertainty. The Eurozone Sentix Investor Confidence is due later on Monday.
Crosses
EURJPY
Macroeconomics

EUR/GBP appreciates to near 0.8550 due to strong Eurozone inflation, weak Pound outlook
EUR/GBP continues to climb for the fourth consecutive session, trading around 0.8530 during early European hours on Monday. The currency cross is gaining as the Euro (EUR) strengthens on the back of robust Eurozone inflation data, released on Friday.
Crosses
Eurozone
UnitedKingdom
EURGBP
Macroeconomics

Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Monday, according to FXStreet data.
Platinum
Palladium