
USD/CHF slips to near 0.8300 as US yields fall, focus on US-China trade talks
USD/CHF edged lower during Asian trading on Friday, hovering around 0.8310 after posting gains in the previous two sessions. The pair came under pressure as the US Dollar (USD) softened, weighed down as US Treasury yields declined.
USDCHF
Majors
Macroeconomics
Switzerland
SNB

What are the main events for today?
The highlights include the Canadian Employment report and Fed speakers
market overview

Eurostoxx futures +0.3% in early European trading
Slight gains as the risk mood holds up ahead of the final stretch of the week
Stocks

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.89 per barrel, down from Thursday’s close at $59.96.
Oil
WTI
Commodities

FX option expiries for May 9 NY cut
FX option expiries for May 9 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options

Silver Price Forecast: XAG/USD trades with mild positive bias around mid-$32.00s
Silver (XAG/USD) attracts some dip-buyers near the $32.20 area during the Asian session on Friday and climbs to a fresh daily high in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD

EUR/USD rebounds above 1.1200, downside remains due to improved US Dollar
The EUR/USD pair trimmed daily losses and is trading around 1.1230 during Friday's Asian session. The pair depreciated as the US Dollar (USD) found support from upbeat US economic data and signs of easing trade tensions.
EURUSD
Eurozone
Majors
Macroeconomics

NZD/USD breaks below 0.5900, remains subdued following China’s trade data
The NZD/USD pair continues its downward trajectory for the third consecutive session, hovering near 0.5890 during Friday's Asian trading hours. The decline follows the release of China's latest trade data, which pointed to a slowdown in external demand.
China
Majors
NewZealand
NZDUSD
Macroeconomics

US Dollar Index (DXY) consolidates near 100.50 area, just below multi-week high
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, enters a bullish consolidation phase after touching a nearly one-month top, around the 100.85 region during the Asian session on Friday.
Currencies
TradeWar
Fed
DollarIndex

Japanese Yen retains intraday positive bias against retreating USD; US-China trade talks in focus
The Japanese Yen (JPY) remains on the front foot against a broadly retreating US Dollar (USD) and drags the USD/JPY pair to the 145.00 psychological mark during the first half of the European session on Friday.
TradeWar
Fed
BOJ
SEO
USDJPY

India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India

How did US tariffs impact China's latest trade numbers?
A closer look at what the numbers might be hiding
CNY

ForexLive Asia-Pacific FX news wrap: China April exports not as bad as feared
Forex news for Asian trading on May 9, 2025
Session wrap
Wrap Asia

WTI hovers near $60.00, upside appears due to easing trade tensions
West Texas Intermediate (WTI) crude Oil price edges lower during Asian trading hours on Friday, trading near $59.80 per barrel after posting a nearly 4% gain in the previous session.
Oil
Majors
WTI
Commodities
Macroeconomics

AUD popped above 0.6400 after better than expected China exports data ... be careful folks
I'm going to have be a little sceptical of the Chinese trade numbers
China
AUD

China’s Vice Foreign Min Hua: Beijing has full confidence in ability to manage US trade issues
Chinese Vice Foreign Minister Hua Chunying said on Friday, “China has ‘full confidence’ in its ability to manage United States (US) trade issues.”
China
TradeWar
UnitedStates
AUDUSD

China’s Trade Balance: Surplus shrinks in April despite solid Exports
China's Trade Balance for April, in Chinese Yuan (CNY) terms, came in at CNY689.99 billion, showing a slight cooling off from the previous figure of CNY736.72 billion.
China
TradeBalance
EconomicIndicator
AUDUSD


USD/INR depreciates as RBI potentially intervene to support under pressure Indian Rupee
The Indian Rupee (INR) gains ground against the US Dollar (USD), recovering losses on Friday. However, the USD/INR pair opened with a gap up following approximately a 1% gain in the previous day. Traders will likely await India’s FX Reserves data later in the day.
Asia
SEO
USDINR
India
Macroeconomics

Goldman Sachs expects Bank of England hold at the June meeting
Had a 25bp cut forecast previously
BOE

China Vice Foreign Minister Hua: On US trade talks ... ‘come on. We have no fear.’
The weekend in Geneva is gonna be lit!
China

USD/CAD climbs to multi-week top, closer to mid-1.3900s amid sustained USD buying
The USD/CAD pair is seen building on this week's recovery from the year-to-date low, around mid-1.3700s, and gaining positive traction for the third successive day on Friday.
Currencies
TradeWar
Fed
USDCAD
Employment

Fed speakers Friday: Williams, Barr, Kugler, Barking, Goolsbee, Cook, Hammack, Musalem
Cook, Hammack, and Musalem are speaking after markets close.
Fed

Gold price touches fresh daily high around $3,330 area; easing trade tensions might cap gains
Gold price (XAU/USD) attracts some dip-buyers on Friday following an Asian session slide to the $3,275-3,274 area, and for now, seems to have snapped a two-day losing streak.
TradeWar
Fed
SEO
Gold
Commodities

China's SMIC warns of weak Q2 amid trade uncertainty, projects revenue decline
China's semiconductor foundry, Semiconductor Manufacturing International Corporation (SMIC)
China

ECB's Schnabel is speaking after market close on Friday
European Central Bank Board Member Schnabel is always worth a listen
ECB

PBOC sets USD/ CNY reference rate for today at 7.2095 (vs. estimate at 7.2581)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

AUD/USD moves below 0.6400 ahead of China’s trade balance data
The AUD/USD pair continues its losing streak for the third consecutive session, trading near 0.6390 during Friday's Asian session. The Australian Dollar (AUD) remains under pressure due to stalled progress in US-China trade negotiations.
Australia
Majors
AUDUSD
Macroeconomics

PBOC sets USD/CNY reference rate at 7.2095 vs. 7.2073 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.2095 as compared to the previous day's fix of 7.2073 and 7.2581 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC

Bank of England Governor Andrew Bailey is speaking on Friday
The BoE cut its Bank rate again yesterday
BOE

China weighs nationwide ban on home pre-sales to stabilise property market
China is considering banning pre-sales of homes
China

PBOC is expected to set the USD/CNY reference rate at 7.2581 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

Japan finance minister Kato: Not appropriate to lower consumption tax
Japan has epic fiscal problems as is!
JPY

Westpac forecast RBNZ rate cut of 25bp in May and 25bp cut in July
Westpac adding in another expected rate cut from the Reserve Bank of New Zealand
RBNZ

EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK).
Currencies
EURUSD
TradeWar

Japan data - March Labor Cash Earnings +2.1% y/y (expected +2.3%, prior +3.1%
Wages data from Japan for March 2025
JPY

GBP/USD eases post-BoE rate cut as Greenback flows rise
GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England (BoE) delivering the market a widely-anticipated quarter point rate cut.
TradeWar
BOE
GBPUSD

Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.
Technical Analysis
Silver
Metals
XAGUSD