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USD/CHF rises above 0.8250 as traders expect Fed to leave rates unchanged
USD/CHF halts its three-day losing streak, hovering around 0.8250 during Wednesday’s European session as the US Dollar (USD) gains traction.
Majors
USDCHF
SNB
Switzerland
Macroeconomics
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China gold reserves rise for sixth straight month
The PBOC continues to steadily increase its gold holdings
Gold
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EUR/USD trades flat with Fed’s monetary policy on the horizon
EUR/USD flattens near 1.1370 during North American trading hours on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades flat ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
ECB
China
EURUSD
Fed
SEO
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The market could be dead wrong on rate cuts if this scenario plays out
Trade negotiations are key and will be the main factor in interest rates repricing
market overview
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Fxstreet
China: Meeting with the US on trade is at the US' request
Headlines crossed from China on Wednesday, with Beijing clarifying that the “meeting with the US on trade is at the US' request.”
China
TradeWar
UnitedStates
DollarIndex
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Germany April construction PMI 45.1 vs 40.3 prior
Latest data released by HCOB - 7 May 2025
EUR
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China reaffirms that its position on talks has not changed
Further remarks by the Chinese commerce ministry
CNY
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How China has been preparing itself ahead of this tariffs eventuality with the US
China had been making moves since the turn of the year already
CNY
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China says meeting with the US on trade is at the US' request
Beijing making sure the world knows that it is not the one who blinked first
CNY
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European equities lightly lower to start the session
Hope for US-China de-escalation is not quite leading to a glow in the broader risk mood
Stocks
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Fxstreet
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.27, with the EUR/INR pair rising from its previous close at 95.85.
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Fxstreet
Forex Today: All eyes on Fed rate decision, Powell presser
Here is what you need to know on Wednesday, May 7:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
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Fxstreet
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.
Metals
Palladium
Commodities
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France March trade balance -€6.25 billion vs -€7.87 billion prior
Latest data released by the French MOF - 7 May 2025
EUR
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Fxstreet
FX option expiries for May 7 NY cut
FX option expiries for May 7 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
EURUSD
Options
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Forex Live
What are the main events for today?
The FOMC policy decision is the only highlight
market overview
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Fxstreet
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $59.35 per barrel, up from Tuesday’s close at $58.71.
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Eurostoxx futures +0.1% in early European trading
Light changes in Europe ahead of the open
Stocks
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German Factory Orders jump 3.6% MoM in March vs. 1.3% expected
The official data published by the Federal Statistics Office showed Wednesday that Germany's Factory Orders jumped more than expected in March, suggesting that the country’s manufacturing sector has picked up momentum.
Manufacturing
EURUSD
Germany
EconomicIndicator
IndustrialProduction
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Germany March industrial orders +3.6% vs +1.3% m/m expected
Latest data released by Destatis - 7 May 2025
EUR
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Fxstreet
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday’s Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.
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Fxstreet
GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision
The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour.
Technical Analysis
Currencies
Fed
GBPUSD
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China’s President Xi: We must firmly maintain post-war international order
Chinese President Xi Jinping said on Wednesday, “we must firmly maintain post-war international order.”
China
Politics
AUDUSD
Macroeconomics
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China’s President Xi: We must firmly maintain post-war international order
Chinese President Xi Jinping said on Wednesday, “we must firmly maintain post-war international order.”
China
Politics
AUDUSD
Macroeconomics
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China president Xi: We must firmly maintain post-war international order
Speak of the devil
CNY
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Fxstreet
WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks
West Texas Intermediate (WTI) US Crude Oil prices gain some follow-through positive traction on Wednesday and climb to a one-week high during the Asian session.
Oil
TradeWar
Fed
WTI
Commodities
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Fxstreet
Silver Price Forecast: XAG/USD trades lower near $33.00 due to US-China trade talks
Silver (XAG/USD) retreated on Wednesday during Asian trading hours, hovering around $33.00 per troy ounce after two consecutive days of gains.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
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Risk holds up on hopes for US-China de-escalation
A better mood as we look towards European trading today
Politics
market overview
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Fxstreet
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
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Fxstreet
Japanese Yen refreshes daily low against USD amid US-China trade talks optimism, ahead of FOMC
The Japanese Yen (JPY) touches a fresh daily low against its American counterpart during the first half of the European session on Wednesday and lifts the USD/JPY pair closer to mid-143.00s in the last hour.
RiskAppetite
Fed
BOJ
SEO
USDJPY
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PBOC to also cut relending rate by 25 bps to 1.50%
This will go into effect from 7 May as well
CNY
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Fxstreet
USD/CAD advances to near 1.3800 despite improved risk sentiment, Fed decision awaited
USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday.
USDCAD
Canada
Macroeconomics
Majors
Fed
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ForexLive Asia-Pacific FX news wrap: 1. US/China to meet on trade & 2. China rate cuts
Forex news for Asian trading on Wednesday, May 7, 2025
Session wrap
Wrap Asia
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Fxstreet
USD/INR gains ground as US Dollar remains stronger ahead of Fed policy
The Indian Rupee (INR) loses ground against the US Dollar (USD) during Wednesday's European trading session amid rising geopolitical tensions between India and Pakistan.
Asia
SEO
USDINR
Macroeconomics
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PBOC/CSRC China supportive measures - in summary
People's Bank of China / China Securities Regulatory Commission
China Stock Market
pboc
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Fxstreet
NZD/USD moves away from over two-week high, slides back below 0.6000 mark
The NZD/USD pair retreats following an Asian session uptick to the 0.6020-0.6025 area, or over a two-week high, and for now, seems to have snapped a three-day winning streak.
Currencies
TradeWar
Fed
Employment
NZDUSD
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China unlocks more insurance capital for stocks, signals property support
China will allow an additional 60 billion yuan (US$8.3 billion) from long-term insurance funds to be invested in equities
China Stock Market
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Forex Live
People's Bank of China to cut Standing Lending Facility rate by 10bp
From May 8
pboc
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Forex Live
China promises more local stock market support from sovereign fund
Central Huijin sovereign wealth fund getting the call to support equities
China Stock Market
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Fxstreet
Gold price bounces off daily low, keeps the red below $3,400 as traders await Fed policy update
Gold price (XAU/USD) trims a part of its intraday losses, though it retains intraday negative bias and remains below the $3,400 mark heading into the European session on Wednesday. The US Dollar (USD) continues with its struggle to gain any meaningful traction and languishes near the weekly low.
TradeWar
Fed
SEO
Gold
Commodities
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