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European indices little changed to kick start the day
European indices little changed to kick start the day
A steadier mood but US futures are still slightly lower
Stocks
Billionaires' Secret Swiss Accounts Just Cost UBS $511 Million
Billionaires' Secret Swiss Accounts Just Cost UBS $511 Million
News Discussion Forum
By Finance Magnates
Billionaires' Secret Swiss Accounts Just Cost UBS $511 Million
UBS Group AG (UBS) has agreed to pay $511 million to resolve a U.S. investigation into tax evasion practices at Credit Suisse, the Swiss bank it acquired last year.
ubs
Credit Suisse
DOJ
US Department of Justice
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.65, with the EUR/INR pair rising from its previous close at 95.38.
Palladium price: Rare metals advance at the start of the European session
Palladium price: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $949.65 a troy ounce, with the XPD/USD pair advancing from its previous close at $947.60.
Metals
Palladium
Commodities
Broadridge Deploys Autonomous AI Agents to Tackle Settlement Efficiency
Broadridge Deploys Autonomous AI Agents to Tackle Settlement Efficiency
News Discussion Forum
By Finance Magnates
Broadridge Deploys Autonomous AI Agents to Tackle Settlement Efficiency
Broadridge Financial Solutions (NYSE: BR ) has upgraded its OpsGPT platform with new AI agent capabilities focused on fails research, inventory optimization, and email automation to help financial ...
Broadridge
Broadridge Financial Solutions
What are the main events for today?
What are the main events for today?
Not much on the data front but focus remains on the first trade deal announcement and Trump-Carney meeting
market overview
Eurostoxx futures -0.2% in early European trading
Eurostoxx futures -0.2% in early European trading
A slightly softer tone with US futures also resting lower
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 Tuesday, early in the European session. WTI trades at $57.68 per barrel, up from Monday’s close at $57.00.
Oil
WTI
Commodities
Bullish
Ex-BDSwiss Executive’s CFDs Broker Sees Dubai’s Potential: Establishes Holding Company
Ex-BDSwiss Executive’s CFDs Broker Sees Dubai’s Potential: Establishes Holding Company
News Discussion Forum
By Finance Magnates
Ex-BDSwiss Executive’s CFDs Broker Sees Dubai’s Potential: Establishes Holding Company
Sky Links Capital, a forex and contracts for differences (CFDs) broker established by a former BDSwiss executive, has formed and incorporated its holding company, Sky Links Holding Ltd, in the Duba...
Sky Link Capital
dubai
BDSwiss
Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
Latest data released by the Federal Statistics Office - 6 May 2025
USD/CHF holds above 0.8200; upside seems limited as focus remains on FOMC meeting
USD/CHF holds above 0.8200; upside seems limited as focus remains on FOMC meeting
The USD/CHF pair struggles to capitalize on a modest Asian session uptick and is currently placed near the lower boundary of its daily range amid subdued US Dollar (USD) price action.
Currencies
TradeWar
Fed
InterestRate
USDCHF
FX option expiries for May 6 NY cut
FX option expiries for May 6 NY cut
FX option expiries for May 6 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
AUDUSD
GBP/USD Price Forecast: Hovers around 1.3300 as nine-day EMA caps upside
GBP/USD Price Forecast: Hovers around 1.3300 as nine-day EMA caps upside
The GBP/USD pair attempts to maintain its position after registering gains in the previous session, trading around 1.3300 during the Asian trading hours on Tuesday.
Technical Analysis
Majors
GBPUSD
Gold keeps the push higher after another round of bids in Asia
Gold keeps the push higher after another round of bids in Asia
The precious metal is up nearly 1% ahead of European trading now
EUR/USD Price Forecast: Remains confined in a range around 1.1300 ahead of FOMC meeting
EUR/USD Price Forecast: Remains confined in a range around 1.1300 ahead of FOMC meeting
The EUR/USD pair reverses an Asian session tip to the 1.1280-1.1275 region on Tuesday and climbs a fresh daily high in the last hour, though it lacks strong follow-through buying.
EURUSD
Fed
Technical Analysis
Currencies
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
FX option expiries for 6 May 10am New York cut
FX option expiries for 6 May 10am New York cut
A look at what is on the board for today
Japanese Yen advances to multi-day peak against USD as geopolitical risks boost safe-haven assets
Japanese Yen advances to multi-day peak against USD as geopolitical risks boost safe-haven assets
The Japanese Yen (JPY) attracts fresh buyers following an intraday dip and turns higher against its American counterpart for the third successive day on Tuesday amid a combination of supporting factors.
TradeWar
Fed
BOJ
SEO
USDJPY
Silver Price Forecast: XAG/USD breaks above $33.00 following Trump's new tariff threat
Silver Price Forecast: XAG/USD breaks above $33.00 following Trump's new tariff threat
Silver price (XAG/USD) extends its gains for the second successive session, trading around $33.10 per troy ounce during the Asian hours on Tuesday. The prices of the precious metals, including Silver, rose as President Donald Trump's new tariff threat spurred demand for safe-haven assets.
Silver
XAGUSD
Macroeconomics
Commodities
Metals
Goldman Sachs expects USD/CNY to decline further
Goldman Sachs expects USD/CNY to decline further
GS expect some trade talk optimism
CNY
CNH
ForexLive Asia-Pacific FX news wrap: Some give back for Asian currencies
ForexLive Asia-Pacific FX news wrap: Some give back for Asian currencies
Forex news for Asian trading on Tuesday, May 6, 2025
Session wrap
Wrap Asia
NZD/USD remains vulnerable near 0.5950 due to weak Chinese PMI data
NZD/USD remains vulnerable near 0.5950 due to weak Chinese PMI data
NZD/USD is retreating around 0.5960 during Tuesday’s Asian session after two consecutive days of gains. The pullback follows a decline in the New Zealand Dollar (NZD), pressured by disappointing Chinese economic data.
NZDUSD
Majors
Macroeconomics
RBA
USD/INR remains stronger following HSBC PMI data
USD/INR remains stronger following HSBC PMI data
The Indian Rupee (INR) edges lower against the US Dollar (USD) during the Asian hours on Tuesday. However, the USD/INR pair may continue to encounter resistance as the INR gains support from certain market factors.
Asia
USDINR
India
Macroeconomics
SEO
USD/CAD trades with mild positive bias, remains below mid-1.3800s
USD/CAD trades with mild positive bias, remains below mid-1.3800s
The USD/CAD pair edges higher for the second consecutive day on Tuesday, though it lacks strong follow-through buying and remains confined in a familiar range held over the past two weeks or so.
Currencies
TradeWar
Fed
USDCAD
InterestRate
Gold price retains positive bias near two-week high; looks to Fed for fresh impetus
Gold price retains positive bias near two-week high; looks to Fed for fresh impetus
Gold price (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a nearly two-week high touched earlier this Tuesday.
TradeWar
Fed
SEO
Gold
Commodities
FOMC preview - "Fed confronts lose-lose scenario amid haphazard tariff rollout"
FOMC preview - "Fed confronts lose-lose scenario amid haphazard tariff rollout"
Nick Timiraos in the Wall Street Journal - Fed "prepares for difficult judgments and emerging divisions regarding when to cut interest rates"
China’s Caixin Services PMI drops to 50.7 in April vs. 51.7 expected
China’s Caixin Services PMI drops to 50.7 in April vs. 51.7 expected
China's Services Purchasing Managers' Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday.
China
EconomicIndicator
AUDUSD
PMI
China Caixin Services PMI for April 2025 is 50.7 (expected 51.7)
China Caixin Services PMI for April 2025 is 50.7 (expected 51.7)
China’s services sector activity
CNY
China Stock Market
China
CNH
USD/JPY back above 144.20
USD/JPY back above 144.20
USD/JPY testing above the US time high
WTI rises above $57.50, continues recovery despite concerns over rising global supply
WTI rises above $57.50, continues recovery despite concerns over rising global supply
West Texas Intermediate (WTI) crude Oil price continues to recover during Asian trading on Tuesday, hovering around $57.60 per barrel after a nearly 2% decline on Monday. However, gains were capped by concerns over rising global supply following an OPEC+ decision to accelerate output increases.
Oil
Majors
WTI
Commodities
Macroeconomics
PBOC sets USD/CNY reference rate at 7.2008 vs. 7.2014 previous
PBOC sets USD/CNY reference rate at 7.2008 vs. 7.2014 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2008 as compared to last Wednesday's fix of 7.2014 and 7.2518 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
PBOC sets USD/ CNY reference rate for today at 7.2008 (vs. estimate at 7.2518)
PBOC sets USD/ CNY reference rate for today at 7.2008 (vs. estimate at 7.2518)
China is back from holidays today
CNY
China Stock Market
China
CNH
pboc
New Zealand data - April ANZ World Commodity Price Index 0% m/m (prior -0.4%)
New Zealand data - April ANZ World Commodity Price Index 0% m/m (prior -0.4%)
The index tracks the prices of 17 of New Zealand's major commodity exports, including dairy products, meat, wool, forestry products, and seafood.
AUD/USD trades around 0.6450 after pulling back from five-month highs
AUD/USD trades around 0.6450 after pulling back from five-month highs
AUD/USD is retreating from a five-month high of 0.6493 reached on Monday, slipping to around 0.6450 during the Asian session on Tuesday. The decline comes as the US Dollar (USD) strengthens ahead of the Federal Reserve’s (Fed) upcoming monetary policy decision on Wednesday.
AUDUSD
Majors
Macroeconomics
Australia
RBA
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