A non-consensus trade opportunity as the selloff in crude oil gathers attention
A non-consensus trade opportunity as the selloff in crude oil gathers attention
Crude oil has been selling off hard as the focus has been on higher supply fears but a non-consensus trade opportunity on higher prices could be in the cards
Will EU trade pivot away from the US? – Standard Chartered
Will EU trade pivot away from the US? – Standard Chartered
The US has become the EU’s dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation.
China
TradeWar
Europe
Politics
Banks
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.
Technical Analysis
NFP
USDJPY
Banks
DollarIndex
EUR/USD bounces back intraday as US Dollar struggles to extend recovery
EUR/USD bounces back intraday as US Dollar struggles to extend recovery
EUR/USD recovers its initial losses after sliding to near 1.1285 and flattens around 1.1330 during European trading hours on Thursday.
ECB
China
EURUSD
TradeWar
SEO
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.
Technical Analysis
BOJ
Japan
USDJPY
Banks
Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact
Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact
Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a 'tremendously adverse' impact on the economy.”
TradeWar
UnitedStates
Macroeconomics
DollarIndex
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
CAD strengthens on trade optimism and BOC caution – BBH
CAD strengthens on trade optimism and BOC caution – BBH
The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report.
BOC
USDCAD
Banks
BOJ holds rates, slashes forecasts – Yen falls – BBH
BOJ holds rates, slashes forecasts – Yen falls – BBH
As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.
BOJ
USDJPY
Banks
USD/JPY rises post-BoJ – Société Générale
USD/JPY rises post-BoJ – Société Générale
USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.
Technical Analysis
USDJPY
Banks
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver price (XAG/USD) is extending its losses for the third successive session, trading around $32.30 per troy ounce during the European session on Thursday.
Technical Analysis
Silver
Metals
Commodities
XAGUSD
USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank
USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank
JPY still a safe haven as policy uncertainty supports demand
BOJ
USDJPY
Banks
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY).
Crosses
Technical Analysis
Currencies
BOJ
EURJPY
GBP: On the lookout for warmer European relations – ING
GBP: On the lookout for warmer European relations – ING
In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election.
UnitedKingdom
EURGBP
Banks
GBPUSD
EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank
EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank
EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report.
NFP
Currencies
EURUSD
Banks
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
USD: April ISM poses the downside risk – ING
USD: April ISM poses the downside risk – ING
Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall.
Technical Analysis
Fed
Banks
DollarIndex
WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours.
Oil
Majors
WTI
Commodities
Macroeconomics
UK April final manufacturing PMI 45.4 vs 44.0 prelim
UK April final manufacturing PMI 45.4 vs 44.0 prelim
Final data released by S&P Global - 1 May 2025
UK March mortgage approvals 64.31k vs 64.80k expected
UK March mortgage approvals 64.31k vs 64.80k expected
Latest data released by the BOE - 1 May 2025
The S&P 500 confirms the breakout as the de-escalation trend continues
The S&P 500 confirms the breakout as the de-escalation trend continues
The S&P 500 broke above the key resistance levels amid optimism on the trade negotiations front
S&P Futures Technical Analysis
EUR: We may see 1.1250 after all – ING
EUR: We may see 1.1250 after all – ING
A week ago, we were thinking that EUR/USD could retrace to the 1.1250 area, and it's taken some time, but we may get there after all, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.
Technical Analysis
USDCAD
Majors
The market sees more Fed rate cuts after the weak US GDP but it could be wrong
The market sees more Fed rate cuts after the weak US GDP but it could be wrong
Following the weaker than expected US Q1 GDP yesterday, the market is pricing higher chances of more Fed rate cuts, although everything hinges on trade deals
market overview
Pound Sterling bounces back as investors digest global risks to UK economy
Pound Sterling bounces back as investors digest global risks to UK economy
The Pound Sterling (GBP) bounces back against its major peers on Thursday in the European session. The British currency recovers despite fears that the global trade war will hurt the United Kingdom’s (UK) economic outlook. 
TradeWar
SEO
BOE
PMI
GBPUSD
Forex Today: US Dollar stretches higher ahead of mid-tier data releases
Forex Today: US Dollar stretches higher ahead of mid-tier data releases
Here is what you need to know on Thursday, May 1:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
NZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
NZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
The NZD/USD pair has trimmed its daily gains and is depreciating, trading near 0.5920 during the early European session on Thursday. The New Zealand Dollar (NZD) faces pressure as expectations mount for further monetary easing by the Reserve Bank of New Zealand (RBNZ).
RBNZ
Majors
NewZealand
NZDUSD
Macroeconomics
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 Thursday, according to FXStreet data.
BOJ governor Ueda: Timing of next rate hike could be swayed a lot depending on tariffs
BOJ governor Ueda: Timing of next rate hike could be swayed a lot depending on tariffs
Ueda continues to highlight US tariffs as the main source of their problems right now
USD/JPY extends gains as Ueda delivers more dovish messaging
USD/JPY extends gains as Ueda delivers more dovish messaging
The pair is now up 1% on the day near 144.50 currently
GBP/JPY rises to near 192.00 after BoJ’s Ueda speech
GBP/JPY rises to near 192.00 after BoJ’s Ueda speech
The GBP/JPY cross gains ground to near 191.95 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) after the Bank of Japan (BoJ) kept interest rates steady and slashed its growth forecasts on Thursday. 
Crosses
BOJ
GBPJPY
InterestRate
Macroeconomics
BoJ's Ueda: Uncertainty from trade policies heightened sharply
BoJ's Ueda: Uncertainty from trade policies heightened sharply
Bank of Japan (BoJ) Governor Kazuo addresses a press conference on Thursday, explaining the Bank’s decision to maintain the interest rate at 0.50% for the second consecutive meeting.
TradeWar
BOJ
CentralBanks
USDJPY
InterestRate
BOJ governor Ueda: Uncertainty stemming from trade policies have heightened sharply
BOJ governor Ueda: Uncertainty stemming from trade policies have heightened sharply
Remarks by BOJ governor, Kazuo Ueda, in his press conference
Palladium price today: Rare metals down at the start of the European session
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 Thursday, according to FXStreet data.
Platinum
Palladium
Commodities
What are the main events for today?
What are the main events for today?
The highlights include the US Jobless Claims and the US ISM Manufacturing PMI, but the focus remains on trade negotiations
market overview
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