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Trump: Drug prices to be cut by 59%, plus!
Trump: Drug prices to be cut by 59%, plus!
Trump posting on his Truth Social
Stocks
EUR/USD dives deep as US and China lower tariffs substantially
EUR/USD dives deep as US and China lower tariffs substantially
EUR/USD is down over 1% near 1.1100 during North American trading hours on Monday.
ECB
China
EURUSD
Fed
SEO
Oil gains on easing trade tensions – ING
Oil gains on easing trade tensions – ING
NYMEX WTI is trading above $63/bbl, while ICE Brent was seen approaching $66/bbl on US-China trade talk optimism.
Oil
Energy
WTI
Banks
EUR/USD pulls back from 1.1570 resistance – Société Générale
EUR/USD pulls back from 1.1570 resistance – Société Générale
EUR/USD is under pressure as technical momentum fades, with the pair testing key trend support and downside risks building below the 50-day moving average near 1.1070, Société Générale's FX analysts note.
Technical Analysis
EURUSD
Banks
EURUSD broke through the key support and it's now eyeing the 1.09 handle
EURUSD broke through the key support and it's now eyeing the 1.09 handle
The positive news on the trade front are leading to a hawkish repricing in interest rates expectations and that's keeping the US Dollar supported in the short-term
EUR
USD
EUR: Still quite overvalued – ING
EUR: Still quite overvalued – ING
EUR/USD briefly printed below the 1.120 support in early trading. Should Bessent feed markets with convincing headlines on US-China talks today, a decisive break lower looks on the cards, ING's FX analyst Francesco Pesole notes
Technical Analysis
EURUSD
Banks
Gold unable to recover from earlier drop after US-China agree to major tariff cut
Gold unable to recover from earlier drop after US-China agree to major tariff cut
Gold (XAU/USD) sinks more than 3.0% at the start of the European trading session and heads towards $3,231 at the time of writing as after US and China have brought some low-hanging fruit for the equity markets.
TradeWar
UnitedStates
SEO
Gold
Commodities
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver
Commodities
Metals
Silver Price Forecast: XAG/USD faces rejection near descending channel hurdle, around $33.00
Silver Price Forecast: XAG/USD faces rejection near descending channel hurdle, around $33.00
Silver (XAG/USD) attracts heavy intraday selling in the vicinity of the $33.00 round figure and dives to over a one-week trough during the first half of the European session on Monday.
Silver
Commodities
Technical Analysis
XAGUSD
GBP/JPY extends rally to near 195.00 as safe-haven demand for Yen diminishes
GBP/JPY extends rally to near 195.00 as safe-haven demand for Yen diminishes
GBP/JPY is extending its upward momentum for the fourth consecutive session, trading around 194.90 during European hours on Monday.
Crosses
UnitedKingdom
Japan
GBPJPY
Macroeconomics
Trump wants lower interest rates but he's strategy is likely to lead to higher rates
Trump wants lower interest rates but he's strategy is likely to lead to higher rates
Trump's team thought that reducing deficit would bring long term interest rates down, but in the short-term it will likely send them higher
market overview
Pound Sterling slumps against US Dollar as US and China slashes tariffs by 115%
Pound Sterling slumps against US Dollar as US and China slashes tariffs by 115%
The Pound Sterling (GBP) recovers some of its intraday losses after sliding to near 1.3140 against the US Dollar (USD) during North American trading hours on Monday. Still, the GBP/USD pair is down 0.8% at around 1.3200.
TradeWar
Fed
SEO
BOE
GBPUSD
USD/CAD advances to near 1.4000 following a 115% reciprocal reduction in US-China tariffs
USD/CAD advances to near 1.4000 following a 115% reciprocal reduction in US-China tariffs
USD/CAD continues its upward momentum for the fourth consecutive session, trading around 1.3980 during European hours on Monday. The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is also on the rise, hovering near 101.60 at the time of writing.
Canada
USDCAD
Majors
Macroeconomics
What if you took the Trump trade quite literally?
What if you took the Trump trade quite literally?
How would one fare in taking Trump's advice on timing the market since 9 April?
Stocks
USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs
USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs
The USD/CHF pair builds on its modest gap-up opening at the start of a new week and gains strong positive traction during the early part of the European session.
RiskAppetite
Currencies
TradeWar
Fed
USDCHF
More from BoE's Lombardelli: Latest US-China discussions are good news
More from BoE's Lombardelli: Latest US-China discussions are good news
Further remarks from BoE policy maker, Clare Lombardelli
BoE’s Lombardelli: Caution remains appropriate
BoE’s Lombardelli: Caution remains appropriate
Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardelli said on Monday, “caution remains appropriate” on policy outlook.
CentralBanks
BOE
InterestRate
GBPUSD
BOE's Lombardelli: Caution remains appropriate
BOE's Lombardelli: Caution remains appropriate
Remarks by BOE policymaker, Clare Lombardelli
AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations
AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations
AUD/JPY climbed more than 1.50% during European trading hours on Monday, reaching around 94.60, driven by a more optimistic global trade sentiment following positive developments in US-China trade negotiations.
Crosses
Australia
AUDJPY
Japan
Macroeconomics
The best case scenario for the US Dollar is playing out
The best case scenario for the US Dollar is playing out
The market is scaling back its rate cuts expectations for the Fed and even two cuts could now come in question
Bessent: UK, Switzerland have moved to the front of the queue on trade deals
Bessent: UK, Switzerland have moved to the front of the queue on trade deals
Bessent says that the progress with the EU is much slower
market overview
Dollar surges higher as US, China bring down tariff levels for further talks
Dollar surges higher as US, China bring down tariff levels for further talks
The greenback races higher alongside risk trades as the market is loving the headlines
NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation
NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation
NZD/USD remains under pressure, trading near 0.5900 during early European hours on Monday, despite an improved global trade mood following positive developments in US-China trade talks.
Majors
NewZealand
NZDUSD
Macroeconomics
USTR Greer: Both sides very committed to the 90-day pause period
USTR Greer: Both sides very committed to the 90-day pause period
US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
China
TradeBalance
UnitedStates
DollarIndex
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
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 Monday, according to FXStreet data.
US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%
US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%
US Treasury Secretary Scott Bessent is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
China
TradeWar
UnitedStates
DollarIndex
EUR/GBP edges lower below 0.8450 on dovish ECB tone
EUR/GBP edges lower below 0.8450 on dovish ECB tone
The EUR/GBP cross extends the decline to around 0.8435 during the early European session on Monday. The Pound Sterling (GBP) strengthens against the Euro (EUR) due to positive developments surrounding the United States (US) and the United Kingdom (UK) trade agreement last week.
Crosses
EURGBP
Macroeconomics
US-China agree to sharply cut reciprocal tariffs for 90 days, easing fears of protracted trade war
US-China agree to sharply cut reciprocal tariffs for 90 days, easing fears of protracted trade war
The highly anticipated joint US-China statement on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial pe
Breaking
China
TradeWar
UnitedStates
DollarIndex
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Monday, according to FXStreet data.
Platinum
Palladium
Commodities
Forex Today: Gold drops as risk flows dominate markets to start week
Forex Today: Gold drops as risk flows dominate markets to start week
Here is what you need to know on Monday, May 12:
RiskAppetite
Currencies
Majors
Commodities
US-China tariff reductions reportedly will exceed 100%
US-China tariff reductions reportedly will exceed 100%
As reported by a Hong Kong media outlet
Politics
FX option expiries for May 12 NY cut
FX option expiries for May 12 NY cut
FX option expiries for May 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
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 Monday, early in the European session. WTI trades at $61.45 per barrel, up from Friday’s close at $60.68.
Oil
WTI
Commodities
Bullish
What are the main events for today?
What are the main events for today?
All eyes on the US-China trade talks briefing
market overview
Eurostoxx futures +1.1% in early European trading
Eurostoxx futures +1.1% in early European trading
A more positive mood as the optimism from US-China talks over the weekend permeate
Stocks
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