Forex News

Pound Sterling rallies against US Dollar ahead of Fed-BoE monetary policy

By Fxstreet

Pound Sterling rallies against US Dollar ahead of Fed-BoE monetary policy

The Pound Sterling (GBP) surges to near 1.3390 against the US Dollar (USD) during North American trading hours on Tuesday.

China

Fed

SEO

BOE

GBPUSD

Reply

China will hold press conference on Wednesday on financial policy package

News Discussion Forum

By Forex Live

China will hold press conference on Wednesday on financial policy package

The press conference will be with officials from central bank, securities regulator and financial regulator. Stimulus incoming?

CNH

Reply

USD/CNH can rise further to 7.2400 – UOB Group

News Discussion Forum

By Fxstreet

USD/CNH can rise further to 7.2400 – UOB Group

Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,

Technical Analysis

USDCNH

Banks

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USD/CNH drops to six-month low amid optimism – Danske Bank

News Discussion Forum

By Fxstreet

USD/CNH drops to six-month low amid optimism – Danske Bank

Asian currencies rallied sharply, led by a historic surge in the Taiwan dollar, as growing speculation over imminent trade talks between the US and its Asian partners boosted market sentiment and fueled hopes of policy shifts, Danske Bank's FX analysts report.

China

Currencies

USDCNY

USDCNH

Banks

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USD/JPY has likely entered a consolidation phase – UOB Group

News Discussion Forum

By Fxstreet

USD/JPY has likely entered a consolidation phase – UOB Group

US Dollar (USD) is expected to trade in a 143.40/144.85 range vs Japanese Yen (JPY). In the longer run, USD has likely entered a consolidation phase and is likely to trade between 142.20 and 146.70 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USDJPY

Technical Analysis

Banks

Reply

EU's Sefcovic: EU doesn't feel weak or under pressure to accept unfair deal with the US

News Discussion Forum

By Forex Live

EU's Sefcovic: EU doesn't feel weak or under pressure to accept unfair deal with the US

Further remarks by the EU Trade Commissioner

EUR

Reply

USD faces downside risks despite recent stabilization – Danske Bank

News Discussion Forum

By Fxstreet

USD faces downside risks despite recent stabilization – Danske Bank

Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.

Technical Analysis

Currencies

EURUSD

Banks

DollarIndex

Reply

News Discussion Forum

By Fxstreet

US oil industry set to slow – ING

The weakness in oil prices will prompt a pullback in drilling activity in the US, ING's commodity expert Warren Patterson notes.

Oil

Energy

Brent

Banks

Reply

NZD/USD: Likely to trade in a range – UOB Group

News Discussion Forum

By Fxstreet

NZD/USD: Likely to trade in a range – UOB Group

New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Technical Analysis

Banks

NZDUSD

Reply

Taiwan central bank says will visit FX custodian banks to carry out inspections

News Discussion Forum

By Forex Live

Taiwan central bank says will visit FX custodian banks to carry out inspections

The central bank tries to assuage fears after the sudden surge in the currency yesterday

market overview

Reply

Germany's AfD backs new vote for chancellor on Wednesday

News Discussion Forum

By Forex Live

Germany's AfD backs new vote for chancellor on Wednesday

Reuters with the report

EUR

Reply

OPEC+ goes with another big supply hike – ING

News Discussion Forum

By Fxstreet

OPEC+ goes with another big supply hike – ING

OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in the months ahead, we revised our oil forecasts lower, ING's commodity expert Warren Patterson notes.

Oil

OPEC

Energy

Banks

Reply

Oil struggles as OPEC+ sticks to output hikes – Danske Bank

News Discussion Forum

By Fxstreet

Oil struggles as OPEC+ sticks to output hikes – Danske Bank

Oil prices remain under pressure after OPEC+ confirmed a third consecutive monthly output hike, reinforcing bearish sentiment in a market already unsettled by global trade tensions and geopolitical risks, Danske Bank's FX analysts report.

Oil

OPEC

Energy

Banks

Reply

News Discussion Forum

By Fxstreet

USD: What the TWD is telling us – ING

The most notable development in FX over the past few days has been the exceptional rally in the Taiwanese dollar, and to a lesser extent in other Asian currencies (MYR, THB, KRW).

Banks

DollarIndex

Technical Analysis

USDCNH

Reply

Silver price today: Silver rises, according to FXStreet data

News Discussion Forum

By Fxstreet

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.

Silver

Commodities

Metals

Reply

Is the Swiss National Bank getting nervous? – Commerzbank

News Discussion Forum

By Fxstreet

Is the Swiss National Bank getting nervous? – Commerzbank

Yesterday's Swiss inflation figures for April are likely to have heightened the concerns of the Swiss National Bank (SNB) once again.

Technical Analysis

Inflation

SNB

Banks

Switzerland

Reply

AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group

News Discussion Forum

By Fxstreet

AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group

Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

AUDUSD

Technical Analysis

Banks

Reply

President Xi: China and EU should oppose unilateral bullying

News Discussion Forum

By Fxstreet

President Xi: China and EU should oppose unilateral bullying

Chinese President Xi Jinping said on Tuesday that “China and the European Union (EU) should oppose unilateral bullying.”

China

TradeWar

Eurozone

Reply

Gold hits two-week high on German political turmoil

News Discussion Forum

By Fxstreet

Gold hits two-week high on German political turmoil

Gold (XAU/USD) hits $3,387 at the time of writing, printing a fresh two-week high as geopolitical tensions around the globe continue to support investors’ demand for safe-haven assets.

TradeWar

UnitedStates

SEO

Gold

Commodities

Reply

USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA

News Discussion Forum

By Fxstreet

USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA

The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.

Technical Analysis

USDCAD

Majors

Reply

GBP: Widely expect BoE cut this week – ING

News Discussion Forum

By Fxstreet

GBP: Widely expect BoE cut this week – ING

EUR/GBP seems to be attracting buyers around the 0.850 level and is awaiting another clear-cut GBP bullish catalyst for a break lower, ING's FX analyst Francesco Pesole notes.

Technical Analysis

EURGBP

Banks

GBPUSD

Reply

Eurozone March PPI -1.6% vs -1.6% m/m expected

News Discussion Forum

By Forex Live

Eurozone March PPI -1.6% vs -1.6% m/m expected

Latest data released by Eurostat - 6 May 2025

EUR

Reply

An early preview of the Bank of England meeting – Commerzbank

News Discussion Forum

By Fxstreet

An early preview of the Bank of England meeting – Commerzbank

Reports emerged yesterday morning that the Bank of England (BoE) may lower its inflation and growth forecasts at Thursday's meeting and remove the reference to 'gradual' interest rate cuts from its statement.

Technical Analysis

UnitedKingdom

BOE

Banks

GBPUSD

Reply

News Discussion Forum

By Fxstreet

GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group

Tentative buildup in momentum suggests Pound Sterling (GBP) is likely to trade with a downward bias vs US Dollar (USD); any decline is unlikely to reach 1.3230.

Technical Analysis

Banks

GBPUSD

Reply

German parliament reportedly won't be going ahead with another chancellor vote today

News Discussion Forum

By Forex Live

German parliament reportedly won't be going ahead with another chancellor vote today

No second round of voting for today at least

Politics

Reply

EUR: Overvaluation can't be unseen – ING

News Discussion Forum

By Fxstreet

EUR: Overvaluation can't be unseen – ING

There are no major data releases in the eurozone calendar this week, with the focus on some ECB speakers instead. Today, arch-dove Panetta speaks at an event in Asia.

Technical Analysis

EURUSD

Banks

Reply

EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group

News Discussion Forum

By Fxstreet

EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group

Euro (EUR) is under mild downward pressure against the US Dollar (USD) and is likely to edge lower; any decline is likely limited to a test of 1.1280.

Technical Analysis

EURUSD

Banks

Reply

Difficult situation for Asian countries outside China – Commerzbank

News Discussion Forum

By Fxstreet

Difficult situation for Asian countries outside China – Commerzbank

It was probably only a matter of time before reports began to emerge that Chinese companies were trying to reroute their goods through other Asian countries for export to the US.

China

Asia

PBOC

Banks

Macroeconomics

Reply

UK April final services PMI 49.0 vs 48.9 prelim

News Discussion Forum

By Forex Live

UK April final services PMI 49.0 vs 48.9 prelim

Latest data released by S&P Global - 6 May 2025

GBP

Reply

China's Xi: China and EU should oppose unilateral bullying

News Discussion Forum

By Forex Live

China's Xi: China and EU should oppose unilateral bullying

Xinhua reporting President Xi's remarks

CNH

Reply

German stocks fall as political uncertainty creeps in

News Discussion Forum

By Forex Live

German stocks fall as political uncertainty creeps in

The DAX is now down 0.9% on the day

Stocks

Reply

US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent

News Discussion Forum

By Fxstreet

US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent

The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating after registering gains in the previous session, trading near 99.60 during the European hours on Tuesday.

Fed

UnitedStates

Majors

Macroeconomics

DollarIndex

Reply

EUR/USD gains at US Dollar's expense, German Merz fails to secure majority in Bundestag

News Discussion Forum

By Fxstreet

EUR/USD gains at US Dollar's expense, German Merz fails to secure majority in Bundestag

EUR/USD moves higher to near 1.1360 in Tuesday’s North American session. The major currency pair gains as the US Dollar (USD) slumps ahead of the Federal Reserve’s (Fed) interest rate decision, which will be announced on Wednesday.

ECB

China

EURUSD

Fed

SEO

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