Current news is English only but we will be adding multilingual news - check back soon.
By
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
By
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
By
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
By
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
By
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
By
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
By
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
By
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
By
Forex Live
Taiwan central bank says will visit FX custodian banks to carry out inspections
The central bank tries to assuage fears after the sudden surge in the currency yesterday
market overview
By
Fxstreet
OPEC+ goes with another big supply hike – ING
OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in the months ahead, we revised our oil forecasts lower, ING's commodity expert Warren Patterson notes.
Oil
OPEC
Energy
Banks
By
Fxstreet
Oil struggles as OPEC+ sticks to output hikes – Danske Bank
Oil prices remain under pressure after OPEC+ confirmed a third consecutive monthly output hike, reinforcing bearish sentiment in a market already unsettled by global trade tensions and geopolitical risks, Danske Bank's FX analysts report.
Oil
OPEC
Energy
Banks
By
Fxstreet
USD: What the TWD is telling us – ING
The most notable development in FX over the past few days has been the exceptional rally in the Taiwanese dollar, and to a lesser extent in other Asian currencies (MYR, THB, KRW).
Banks
DollarIndex
Technical Analysis
USDCNH
By
Fxstreet
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
By
Fxstreet
Is the Swiss National Bank getting nervous? – Commerzbank
Yesterday's Swiss inflation figures for April are likely to have heightened the concerns of the Swiss National Bank (SNB) once again.
Technical Analysis
Inflation
SNB
Banks
Switzerland
By
Fxstreet
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
By
Fxstreet
President Xi: China and EU should oppose unilateral bullying
Chinese President Xi Jinping said on Tuesday that “China and the European Union (EU) should oppose unilateral bullying.”
China
TradeWar
Eurozone
By
Fxstreet
Gold hits two-week high on German political turmoil
Gold (XAU/USD) hits $3,387 at the time of writing, printing a fresh two-week high as geopolitical tensions around the globe continue to support investors’ demand for safe-haven assets.
TradeWar
UnitedStates
SEO
Gold
Commodities
By
Fxstreet
USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA
The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.
Technical Analysis
USDCAD
Majors
By
Fxstreet
GBP: Widely expect BoE cut this week – ING
EUR/GBP seems to be attracting buyers around the 0.850 level and is awaiting another clear-cut GBP bullish catalyst for a break lower, ING's FX analyst Francesco Pesole notes.
Technical Analysis
EURGBP
Banks
GBPUSD
By
Forex Live
Eurozone March PPI -1.6% vs -1.6% m/m expected
Latest data released by Eurostat - 6 May 2025
EUR
By
Fxstreet
An early preview of the Bank of England meeting – Commerzbank
Reports emerged yesterday morning that the Bank of England (BoE) may lower its inflation and growth forecasts at Thursday's meeting and remove the reference to 'gradual' interest rate cuts from its statement.
Technical Analysis
UnitedKingdom
BOE
Banks
GBPUSD
By
Fxstreet
GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group
Tentative buildup in momentum suggests Pound Sterling (GBP) is likely to trade with a downward bias vs US Dollar (USD); any decline is unlikely to reach 1.3230.
Technical Analysis
Banks
GBPUSD
By
Forex Live
German parliament reportedly won't be going ahead with another chancellor vote today
No second round of voting for today at least
Politics
By
Fxstreet
EUR: Overvaluation can't be unseen – ING
There are no major data releases in the eurozone calendar this week, with the focus on some ECB speakers instead. Today, arch-dove Panetta speaks at an event in Asia.
Technical Analysis
EURUSD
Banks
By
Fxstreet
EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group
Euro (EUR) is under mild downward pressure against the US Dollar (USD) and is likely to edge lower; any decline is likely limited to a test of 1.1280.
Technical Analysis
EURUSD
Banks
By
Fxstreet
Difficult situation for Asian countries outside China – Commerzbank
It was probably only a matter of time before reports began to emerge that Chinese companies were trying to reroute their goods through other Asian countries for export to the US.
China
Asia
PBOC
Banks
Macroeconomics
By
Forex Live
UK April final services PMI 49.0 vs 48.9 prelim
Latest data released by S&P Global - 6 May 2025
GBP
By
Forex Live
China's Xi: China and EU should oppose unilateral bullying
Xinhua reporting President Xi's remarks
CNH
By
Forex Live
German stocks fall as political uncertainty creeps in
The DAX is now down 0.9% on the day
Stocks
By
Fxstreet
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating after registering gains in the previous session, trading near 99.60 during the European hours on Tuesday.
Fed
UnitedStates
Majors
Macroeconomics
DollarIndex
By
Fxstreet
EUR/USD gains at US Dollar's expense, German Merz fails to secure majority in Bundestag
EUR/USD moves higher to near 1.1360 in Tuesday’s North American session. The major currency pair gains as the US Dollar (USD) slumps ahead of the Federal Reserve’s (Fed) interest rate decision, which will be announced on Wednesday.
ECB
China
EURUSD
Fed
SEO
By
Forex Live
Merz falls short of majority needed to become German chancellor in first voting round
316 votes was supposed to be the magic number
EUR
By
Forex Live
Eurozone April final services PMI 50.1 vs 49.7 prelim
Latest data released by HCOB - 6 May 2025
EUR
By
Fxstreet
EU’s Sefcovic: Proposed 0 for 0 tariffs on industrial goods
European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have “proposed 0 for 0 tariffs on industrial goods.”
EURUSD
TradeWar
Eurozone
By
Forex Live
SNB's Schlegel: We haven't ruled out negative interest rates
Further remarks by SNB chairman, Martin Schlegel
SNB
By
Forex Live
Germany April final services PMI 49.0 vs 48.8 prelim
Final data released by HCOB - 6 May 2025
EUR
By
Fxstreet
SNB's Schlegel: We remain committed to our mandate of price stability
Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday that “we remain committed to our mandate of price stability.”
CentralBanks
InterestRate
USDCHF
SNB
By
Forex Live
France April final services PMI 47.3 vs 46.8 prelim
Latest data released by HCOB - 6 May 2025
EUR
By
Forex Live
Italy April services PMI 52.9 vs 51.5 expected
Latest data released by HCOB - 6 May 2025
EUR
Copy Link
Share on Facebook
Share on X
Share by Email