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Trump says template for 10% tariffs is 'probably the lowest'
Trump says template for 10% tariffs is 'probably the lowest'
Trump says trade deal with UK won't be template for others: The 10% rate is "a low number"
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
The EUR/USD pair holds steady around the 1.1300 area on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the day’s range, reflecting a cautious market stance as traders assess the broader trend.
Technical Analysis
Currencies
EURUSD
Majors
WTI Crude Oil climbs as US inventories fall, trade talks support demand outlook
WTI Crude Oil climbs as US inventories fall, trade talks support demand outlook
WTI Crude Oil is trading sharply higher on Thursday as oil prices benefit from the combination of falling United States (US) stockpiles and growing optimism around upcoming US–China trade talks, which have raised hopes of a potential de-escalation in tensions between the world’s two largest economie
Oil
Energy
SEO
WTI
NY Fed 1-year inflation expectations tick higher
NY Fed 1-year inflation expectations tick higher
The latest survey measures from the New York Fed
Trump: Rate cuts would be like jet fuel
Trump: Rate cuts would be like jet fuel
U.S. President Donald Trump made a series of remarks on Thursday, touting what he called a major breakthrough in trade ties with the United Kingdom.
TradeWar
UnitedStates
Politics
Macroeconomics
DollarIndex
Bank of Canada highlights risks to the Canadian housing market
Bank of Canada highlights risks to the Canadian housing market
Sales numbers for Canadian home sales are plunging
AUD/USD flattens around 0.6420 as US Dollar struggles for more gains
AUD/USD flattens around 0.6420 as US Dollar struggles for more gains
The AUD/USD pair trades flat around 0.6420 during North American trading hours on Thursday. The Aussie pair struggles for direction, while the US Dollar (USD) gives up initial gains.
Australia
China
Fed
InterestRate
AUDUSD
BoC: Trade war with US threatens Canadian economy and poses risks to financial stability
BoC: Trade war with US threatens Canadian economy and poses risks to financial stability
In its annual Financial Stability Report, the Bank of Canada (BoC) said the trade war with the United States threatens the Canadian economy and poses risks to financial stability, per Reuters.
BOC
USDCAD
CentralBanks
Macroeconomics
FTSE 100 turns negative
FTSE 100 turns negative
Not exactly a blockbuster deal
USD/CAD climbs as traders await BoC risk report, Trump trade deal announcement
USD/CAD climbs as traders await BoC risk report, Trump trade deal announcement
The Canadian Dollar (CAD) is weakening against the US Dollar (USD) on Thursday as investors brace for a pivotal day of policy and trade headlines that could redefine North American market sentiment. 
Currencies
BOC
USDCAD
Majors
Macroeconomics
US: Initial Jobless Claims dropped to 228K last week
US: Initial Jobless Claims dropped to 228K last week
US citizens filing new applications for unemployment insurance decreased to 228K for the week ending May 3, as reported by the US Department of Labor (DOL) on Thursday. This print came in just below initial estimates and was lower than the previous week's unrevised tally of 241K.
UnitedStates
Employment
EconomicIndicator
DollarIndex
EUR/GBP slumps to near 0.8470 as Pound Sterling strengthens after BoE’s policy decision
EUR/GBP slumps to near 0.8470 as Pound Sterling strengthens after BoE’s policy decision
The EUR/GBP pair slides to near 0.8470 during early North American hours on Thursday as the Pound Sterling (GBP) attracts significant bids after the Bank of England (BoE) announces its monetary policy.
TradeWar
UnitedStates
BOE
EURGBP
InterestRate
US initial jobless claims 228K versus 230K estimate
US initial jobless claims 228K versus 230K estimate
The weekly US initial and continuing claims
EU plans potential countermeasures on up to €95 billion of US goods
EU plans potential countermeasures on up to €95 billion of US goods
The European Commission announced on Thursday that it plans to introduce countermeasures on up to 95 billion Euros ($107.2 billion) of US imports, if negotiations with Washington were to fail to eliminate tariffs applied by US President Donald Trump, per Reuters.
Europe
Politics
Macroeconomics
Eyes on today's US wholesale inventories report
Eyes on today's US wholesale inventories report
Inventories have built but it's not in the data
ForexLive European FX news wrap: US-UK trade deal looms, BOE vote split raises eyebrows
ForexLive European FX news wrap: US-UK trade deal looms, BOE vote split raises eyebrows
Forex news from the European morning session on May 8, 2025
Session wrap
Wrap Europe
EU announces list of potential countermeasures against US tariffs if trade talks go south
EU announces list of potential countermeasures against US tariffs if trade talks go south
The list put to consultation concerns imports from the US worth €95 billion
Politics
The EU is considering imposing tariffs on €95bn of US imports
The EU is considering imposing tariffs on €95bn of US imports
This was expected and it's just a proposal in case the negotitations with the US fail
GBP/JPY surges to near 193.00 after BoE’s monetary policy announcement
GBP/JPY surges to near 193.00 after BoE’s monetary policy announcement
The GBP/JPY pair extends its intraday upside move to near 193.00 during the late European session after the announcement of the monetary policy by the Bank of England (BoE).
GBPJPY
BOJ
BOE
InterestRate
GDP
EUR softening to lower end of recent range – Scotiabank
EUR softening to lower end of recent range – Scotiabank
The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD is pulling back within recent range – Scotiabank
CAD is pulling back within recent range – Scotiabank
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
DollarIndex
Technical Analysis
Fed
BOE governor Bailey: Interest rates are not on auto-pilot
BOE governor Bailey: Interest rates are not on auto-pilot
Remarks by BOE governor, Andrew Bailey, in his press conference
Xi and Putin sign statement to deepen strategic partnership between Russia and China
Xi and Putin sign statement to deepen strategic partnership between Russia and China
Xi says he had in-depth and friendly talks with Putin today
Politics
US Dollar Index has volatile ride after 10% tariff sticks despite trade deal for UK
US Dollar Index has volatile ride after 10% tariff sticks despite trade deal for UK
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades flat and dips back below 100.00 before the upcoming announcement by Donald Trump on a “major trade deal” between the United States (US) and, reportedly, the United Kingdom (UK).
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex
Sterling climbs on messy BOE vote split
Sterling climbs on messy BOE vote split
Cable pushes up above 1.3300 from around 1.3250 before the policy decision
Mexican Peso pauses below support with US-China trade talks in focus
Mexican Peso pauses below support with US-China trade talks in focus
The Mexican Peso (MXN) has been swinging between mild gains and losses against the US Dollar (USD) on Thursday, as markets digest stronger-than-expected Mexican inflation data, cautious commentary from the Fed, and the announcement of a US-UK trade deal.
Currencies
TradeWar
SEO
USDMXN
Banxico
BOE cuts bank rate by 25 bps to 4.25%, as expected
BOE cuts bank rate by 25 bps to 4.25%, as expected
The BOE announces its May 2025 monetary policy decision
GBP
BOE
USD/CNH: The level to watch is at 7.1700 – UOB Group
USD/CNH: The level to watch is at 7.1700 – UOB Group
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDCNH
Banks
Trump: "Too late" Jerome Powell is a FOOL
Trump: "Too late" Jerome Powell is a FOOL
Trump bashing the Fed Chair once again on Truth Social
Politics
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