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Economic calendar in Asia Friday, May 2, 2025
Economic calendar in Asia Friday, May 2, 2025
Asian Economic Calendar: Key Events and Consensus Expectations for 02 May 2025
EUR/JPY Price Analysis: Euro climbs toward session highs with bullish trend intact
EUR/JPY Price Analysis: Euro climbs toward session highs with bullish trend intact
The EUR/JPY pair extended its rally on Thursday, pushing toward the 164.00 zone after a strong advance during the European session. The pair sits near the top of the day’s range as it enters the Asian session, reflecting sustained demand despite a flattening in momentum indicators.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
Trump highlights secondary sanctions on purchasers of Iranian oil
Trump highlights secondary sanctions on purchasers of Iranian oil
This is something that started to come out yesterday
US Dollar Index rises above 100.00 ahead of Nonfarm Payrolls
US Dollar Index rises above 100.00 ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is rising above the 100.00 level as markets absorb softer-than-expected labor and manufacturing data.
NFP
Currencies
DollarIndex
April non-farm payrolls preview by the numbers: Any signs of layoffs?
April non-farm payrolls preview by the numbers: Any signs of layoffs?
A look at the April 2025 non-farm payrolls indications ahead of Friday's jobs report release
Dow Jones rallies as Microsoft, Meta earnings outshine gloomy US outlook
Dow Jones rallies as Microsoft, Meta earnings outshine gloomy US outlook
The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%, on Thursday after big tech companies posted strong earnings reports, ignoring surveys that underscored the ongoing economic slowdown in the United States.
Technical Analysis
DowJones
Equities
PMI
Forex Today: US Dollar stands victorious as trade tensions ease
Forex Today: US Dollar stands victorious as trade tensions ease
What you need to take care of on Friday, May 2:
XAUUSD
Growth
EURUSD
TradeWar
USD/CHF climbs despite soft data, NFP report looms
USD/CHF climbs despite soft data, NFP report looms
The USD/CHF is trading with gains, extending its recovery into the upper 0.8900s after a busy Thursday filled with US economic data and renewed Fed rate cut speculation.
Currencies
Majors
USDCHF
EUR/GBP Price Analysis: Euro holds bullish tone while drifting near 0.8500
EUR/GBP Price Analysis: Euro holds bullish tone while drifting near 0.8500
The EUR/GBP pair saw slight weakness on Thursday, trading near the 0.8500 zone after the European session. Despite today’s marginal drop, the overall structure remains supportive of a bullish bias, backed by a firm base of longer-term moving averages.
Crosses
Technical Analysis
Currencies
EURGBP
Bullish
GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
The Pound Sterling (GBP) edges lower against the US Dollar (USD) on Thursday, with most European markets closed during Labor Day. The release of manufacturing activity data on both sides of the Atlantic and United States (US) trade policies continued to drive the financial markets.
Technical Analysis
Currencies
Majors
Macroeconomics
GBPUSD
EUR/USD Price Analysis: Euro holds losses near 1.1300
EUR/USD Price Analysis: Euro holds losses near 1.1300
The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum.
Technical Analysis
Currencies
EURUSD
Majors
Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength
Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength
Silver price (XAG/USD) recovers a majority of its early losses and returns to near $32.50 during North American trading hours on Thursday.
Silver
China
PMI
XAGUSD
DollarIndex
US National Security Adviser Mike Waltz is being replaced - reports
US National Security Adviser Mike Waltz is being replaced - reports
Waltz was responsible for setting up the Signal chat
Politics
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) having attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.
BOC
TradeWar
USDCAD
PMI
DollarIndex
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.
Manufacturing
UnitedStates
EconomicIndicator
PMI
Macroeconomics
US April ISM manufacturing 48.7 vs 48.0 expected
US April ISM manufacturing 48.7 vs 48.0 expected
US April manufacturing survey from the Institute for Supply Management
April US S&P Global manufacturing PMI 50.2 vs 50.7 prelim
April US S&P Global manufacturing PMI 50.2 vs 50.7 prelim
The final reading from S&P Global on manufacturing for April
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
There were 241,000 initial jobless claims in the week ending April 26, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure follows the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
WH Hassett: Tariff news expected by the end of the day
WH Hassett: Tariff news expected by the end of the day
Hassett teasing some important (?) news on tariffs on CNBC
USD's safe haven appeal fades as trade war backfires – Rabobank
USD's safe haven appeal fades as trade war backfires – Rabobank
Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.
Technical Analysis
US Elections
EURUSD
Banks
DollarIndex
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
Forex news from the European morning session on May 1, 2025
Session wrap
Wrap Europe
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