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USD/CNH: Downward momentum is slowing rapidly – UOB Group
Room for US Dollar (USD) to continue to rise against the Chinese Yuan (CNH), but it does not appear to have enough momentum to break above 7.2600.
Technical Analysis
USDCNH
Banks
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Fxstreet
Fed's Kugler: Makes sense to maintain moderately restrictive policy rate
Federal Reserve (Fed) Governor Adriana Kugler told Bloomber TV on Friday that the policy rate is currently moderately restrictive and added that it makes sense to maintain it.
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CentralBanks
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China also imported large quantities of crude oil in April – Commerzbank
Chinese refineries continued to import large quantities of crude oil in April, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
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Fxstreet
CAD is flat and consolidating post-Fed losses – Scotiabank
The Canadian Dollar (CAD) is entering Friday’s NA session trading flat vs. the US Dollar (USD) as it consolidates this week’s post-Fed losses.
Technical Analysis
Canada
BOC
USDCAD
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Fed's Kugler: Q1 growth data showed frontloading ahead of tariffs
Further remarks by Fed governor, Adriana Kugler
Fed
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Kazakhstan continues to produce too much oil – Commerzbank
Kazakhstan continues to produce significantly more oil than agreed and apparently has no plans to reduce production in May, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Energy
Banks
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Fxstreet
USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank
G10 FX performance is varied heading into Friday’s NA session as most currencies claw back a portion of this week’s post-Fed losses against the US Dollar (USD).
Technical Analysis
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Banks
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BOE's Pill: Not seeing a dramatic shift in the UK economy after tariff announcements
As a reminder, Pill dissented against the rate cut yesterday as he voted to keep the bank rate unchanged
BOE
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Fxstreet
US Pres. Trump: 80% tariff on China seems right
In a post published on Truth Social on Friday, United States (US) President Donald Trump said 80% tariffs on Chinese goods "seems right."
China
UnitedStates
Politics
Macroeconomics
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AUD/USD rises above 0.6400 as US Dollar falls back, US-China trade talks eyed
The AUD/USD pair recovers initial losses and rises above the key level of 0.6400 during European trading hours on Friday.
China
Fed
UnitedStates
UnitedKingdom
AUDUSD
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USD/JPY might not be able to break above 146.55 – UOB Group
Scope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above 146.55.
Technical Analysis
USDJPY
Banks
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Trump says that 80% tariffs on China "seems right"
Before adding that it'll be "up to Bessent" to decide
market overview
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Forex Live
Trump: 80% tariff on China seems right
This is in contrast to the earlier reports of an easing to 50%
USD
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Fxstreet
US Dollar Index pressured with markets bracing for trade talks over the weekend
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is fully reversing course this Friday ahead of the United States (US) trade talks with China in Switzerland over the weekend.
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Macroeconomics
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More from Fed's Kugler: Our policy right now is moderately restrictive
Comments from Fed policymaker, Adriana Kugler
USD
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Fxstreet
Mexican Peso breaks support in anticipation of US-China trade talks
The Mexican Peso (MXN) is extending gains against the US Dollar (USD) on Friday, as markets digest a notable decline in Mexico's consumer confidence, a series of Federal Reserve speeches, and look ahead to the upcoming US-China trade discussions in Switzerland.
Mexico
Currencies
USDMXN
Banxico
Fundamental Analysis
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Trump says that China should open up its market to the US
The US president is up early again today
Politics
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Fxstreet
USD/JPY: Rebound meets first resistance – OCBC
US Dollar (USD) short covering gathered pace vs. safe haven proxies. USDJPY was last at 145.30 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
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Forex Live
Investor Alert for Monday: U.S.-China Tariff Talks Start This Weekend. Monday Volatility?
Markets brace for U.S.-China trade talks with hopes of tariff reductions, but limited progress may disappoint investors. Potential negative outcomes could trigger market pullback or sustain risk sentiment. Stay tuned for market response early next week.
Politics
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Fxstreet
Gold rally stalls below $3500 mark – Société Générale
Gold faces consolidation after stalling near $3500, with a lower high at $3435 and weakening momentum suggesting a temporary pause in the uptrend, Société Générale's FX analysts note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
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Fxstreet
USD/CAD Price Forecast: Strengthens after Falling wedge breakout
The USD/CAD pair holds onto gains made on Thursday around 1.3920 during European trading hours on Friday. The Loonie pair performs strongly as the US Dollar (USD) strengthens on multiple tailwinds.
SupportResistance
China
BOC
Fed
USDCAD
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Is this the playbook for US trading later before the weekend?
A look at what the headlines from yesterday might entail for markets ahead of US-China talks in the next two days
market overview
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Fxstreet
NZD/USD might not be able to break clearly below 0.5870 – UOB Group
New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it might not be able to break clearly below 0.5870. In the longer run, bias for NZD is tilted to the downside toward 0.5870, potentially reaching 0.5835, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
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Fed's Kugler: The US labour market is stable, close to maximum employment
Comments from Fed's policymaker, Adriana Kugler
USD
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Fxstreet
DXY: Short squeeze on the cards – OCBC
US Dollar (USD) short squeeze gained traction and broadened against more currencies from safe haven to procyclical FX. MYR, Gold, JPY and THB led losses.
Technical Analysis
Banks
DollarIndex
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Fxstreet
Fed's Barkin: Watching consumers most closely
Richmond Federal Reserve Bank President Thomas Barkin said on Wednesday that they are watching the consumer activity most closely because that's the biggest part of the economy, per Reuters.
Fed
CentralBanks
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Fed's Barr: We need to be in a wait and see approach
Further remarks by Barr
Fed
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AUD/USD can drop below 0.6370 – UOB Group
Australian Dollar (AUD) could drop below 0.6370 against the US Dollar (USD) but might not be able to maintain a foothold below this level. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
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CNY: Hardly any signs of slowdown in exports – Commerzbank
In April, Chinese exports rose by 8.1% year-on-year to reach USD 315.7 billion, marking the highest level ever recorded for the month of April, Commerzbank's FX analyst Volkmar Baur notes.
China
USDCNY
PBOC
USDCNH
Banks
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GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
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Forex Live
Fed's Barkin: Tariffs to lead to higher inflation and lower growth in US and abroad
Comments from the Richmond Fed President
USD
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Fxstreet
EUR/USD recovers strongly as US Dollar corrects, US-China trade talks in focus
EUR/USD rebounds to near 1.1300 during North American trading hours on Friday from over a three-week low around 1.1200 earlier in the day.
ECB
China
EURUSD
TradeWar
SEO
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Fxstreet
Fed's Barr: Policy in a good position to adjust as conditions unfold
Federal Reserve Governor Michael Barr said on Friday that the monetary policy is in a good position to adjust as conditions unfold, per Reuters.
Fed
CentralBanks
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Fed's Barr: Monetary policy is in a good position to adjust as conditions unfold
Remarks by Fed vice chair for supervision, Michael Barr
Fed
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Fxstreet
Gold swings back up higher after Trump says 80% tariff on China seems right
Gold (XAU/USD) edges up near 1.0% on Friday and heads back above $3,335 at the time of writing. The additional leg higher comes after United States (US) President Donald Trump called upon China to open its markets for the US, adding that an 80% tariff on Chinese goods 'seems right', Trump added.
TradeWar
UnitedStates
SEO
Gold
Commodities
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PBOC reaffirms that it will implement moderately loose monetary policy
Remarks by the Chinese central bank
pboc
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Fxstreet
JPY: Wages disappoint again – Commerzbank
Data on wage developments in March was published in Japan this morning, and was rather disappointing overall once again, Commerzbank's FX analyst Volkmar Baur notes.
BOJ
Japan
USDJPY
Banks
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Forex Live
EU's von der Leyen says had a good conversation with Trump
von der Leyen says she spoke with Trump during the Pope's funeral
Politics
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Fxstreet
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notes
News Discussion Forum
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Fxstreet
USD: Plethora of Fed speakers to watch today – ING
It’s been a good second half of the week for the dollar, mostly thanks to positive trade news and a hawkish Federal Reserve.
Technical Analysis
Fed
Banks
DollarIndex
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