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China confirms US tariff reduction, highlights further future cuts
China confirms US tariff reduction, highlights further future cuts
By Forex Live
China confirms US tariff reduction, highlights further future cuts
China highlights future tariff reductions
USD/CAD holds steady as Fed path and BoC divergence loom
USD/CAD holds steady as Fed path and BoC divergence loom
By Fxstreet
USD/CAD holds steady as Fed path and BoC divergence loom
USD/CAD is poised at a critical juncture following the release of April’s US Consumer Price Index (CPI), which delivered a mild downside surprise across key inflation components.
USDCAD
BOC
Fed
Majors
Currencies
Mark Carney to unveil cabinet today
Mark Carney to unveil cabinet today
By Forex Live
Mark Carney to unveil cabinet today
Chrystia Freeland will remain in cabinet
Politics
US April core CPI +2.8% vs +2.8% y/y expected
US April core CPI +2.8% vs +2.8% y/y expected
By Forex Live
US April core CPI +2.8% vs +2.8% y/y expected
US CPI report highlights for April 2025
Goldman Sachs now expects the ECB to reach terminal rate at 1.75% in July
Goldman Sachs now expects the ECB to reach terminal rate at 1.75% in July
By Forex Live
Goldman Sachs now expects the ECB to reach terminal rate at 1.75% in July
They had previously expected the ECB to cut further to 1.50% in September
Back on inflation watch as US CPI set to drop
Back on inflation watch as US CPI set to drop
By Forex Live
Back on inflation watch as US CPI set to drop
CPI is due at the bottom of the hour
EUR offers no reaction to ZEW sentiment data – Scotiabank
EUR offers no reaction to ZEW sentiment data – Scotiabank
By Fxstreet
EUR offers no reaction to ZEW sentiment data – Scotiabank
The Euro (EUR) is trading flat vs. the US Dollar (USD) and consolidating around 1.11 into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
CAD trading defensively as wider yield spreads remain a drag – Scotiabank
CAD trading defensively as wider yield spreads remain a drag – Scotiabank
By Fxstreet
CAD trading defensively as wider yield spreads remain a drag – Scotiabank
The Canadian Dollar (CAD) is entering Tuesday’s NA session with a marginal decline vs. the US Dollar (USD) as it continues to trade defensively in the aftermath of Monday’s broad-based USD rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
BOC
Canada
USD soft but holding on to recent gains ahead of inflation data – Scotiabank
USD soft but holding on to recent gains ahead of inflation data – Scotiabank
By Fxstreet
USD soft but holding on to recent gains ahead of inflation data – Scotiabank
The US Dollar (YSD) is trading softly against a narrow set of G10 currencies but holding on to the bulk of its recent gains as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
By Fxstreet
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
The Japanese Yen (JPY) is holding steady near 148.00 against the US Dollar (USD) on Tuesday, pausing after a steep rise in the previous day. Despite the short pullback, the US Dollar remains resilient, supported by a temporary easing in US-China trade tensions.
Japan
USDJPY
Forexlive European FX news wrap: Encouraging improvement in soft data, US CPI next
Forexlive European FX news wrap: Encouraging improvement in soft data, US CPI next
By Forex Live
Forexlive European FX news wrap: Encouraging improvement in soft data, US CPI next
Forex news from the European morning session on May 13, 2025
Session wrap
Wrap Europe
US Trade Rep. Greer: We're moving as quickly as we can on trade deals
US Trade Rep. Greer: We're moving as quickly as we can on trade deals
By Fxstreet
US Trade Rep. Greer: We're moving as quickly as we can on trade deals
United States Trade Representative (USTR) Jamieson Greer told CNBC on Tuesday that it will take time to end non-tariff barriers with China.
UnitedStates
Macroeconomics
USTR Greer: We are moving as quickly as we can on trade deals
USTR Greer: We are moving as quickly as we can on trade deals
By Forex Live
USTR Greer: We are moving as quickly as we can on trade deals
Comments from the US Trade Representative, Jamieson Greer
market overview
AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
By Fxstreet
AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
AUDUSD
China
UnitedStates
Employment
Inflation
Mexican Peso strengthens on soft US CPI, focus shifts to Banxico rate decision
Mexican Peso strengthens on soft US CPI, focus shifts to Banxico rate decision
By Fxstreet
Mexican Peso strengthens on soft US CPI, focus shifts to Banxico rate decision
The Mexican Peso (MXN) is trading higher against the US Dollar (USD) on Tuesday, supported by a rebound in global risk appetite and rising expectations of a more dovish Federal Reserve stance following softer-than-expected inflation data released at 12:30 GMT.
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
SEO
Chinese Copper imports have reached their limit – Commerzbank
Chinese Copper imports have reached their limit – Commerzbank
By Fxstreet
Chinese Copper imports have reached their limit – Commerzbank
In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons were imported, which is also a record high.
Metals
Banks
Commodities
Copper
China
WTI extends winning streak on US-China trade truce
WTI extends winning streak on US-China trade truce
By Fxstreet
WTI extends winning streak on US-China trade truce
West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
Oil
WTI
Fed
China
RussianFederation
US Dollar faces setback with traders mulling rate cut bets after tepid CPI reading
US Dollar faces setback with traders mulling rate cut bets after tepid CPI reading
By Fxstreet
US Dollar faces setback with traders mulling rate cut bets after tepid CPI reading
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, corrects to near 101.50 ahead of the US trading session on Tuesday.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Strong inflows into Chinese Gold ETFs in April – Commerzbank
Strong inflows into Chinese Gold ETFs in April – Commerzbank
By Fxstreet
Strong inflows into Chinese Gold ETFs in April – Commerzbank
The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
Banks
Metals
XAUUSD
Commodities
USD/CNH can continue to weaken – UOB Group
USD/CNH can continue to weaken – UOB Group
By Fxstreet
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
ECB's Nagel: It's important to be cautious and not overreact
ECB's Nagel: It's important to be cautious and not overreact
By Forex Live
ECB's Nagel: It's important to be cautious and not overreact
Comments from the ECB policymaker, Joachim Nagel
Silver, Platinum and Palladium also decline – Commerzbank
Silver, Platinum and Palladium also decline – Commerzbank
By Fxstreet
Silver, Platinum and Palladium also decline – Commerzbank
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Silver
Platinum
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
By Fxstreet
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
Pound Sterling gains sharply against US Dollar on slower US inflation growth
Pound Sterling gains sharply against US Dollar on slower US inflation growth
By Fxstreet
Pound Sterling gains sharply against US Dollar on slower US inflation growth
The Pound Sterling (GBP) jumps to near 1.3250 against the US Dollar (USD) during North American trading hours on Tuesday. The GBP/USD pair strengthens as the US Dollar falls back after the United States (US) Consumer Price Index (CPI) report showed that inflationary pressures cooled down in April.
GBPUSD
Fed
BOE
China
SEO
Gold price under pressure after announcement of tariff suspension – Commerzbank
Gold price under pressure after announcement of tariff suspension – Commerzbank
By Fxstreet
Gold price under pressure after announcement of tariff suspension – Commerzbank
The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
XAUUSD
Banks
Commodities
Metals
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
By Fxstreet
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
USD/JPY consolidates near recent highs as the BoJ’s cautious tone and low market-implied hike expectations contrast with ongoing dollar strength, BBH FX analysts report.
USDJPY
Banks
BOJ
NZD/USD is on the downside – UOB Group
NZD/USD is on the downside – UOB Group
By Fxstreet
NZD/USD is on the downside – UOB Group
The risk for New Zealand Dollar (NZD) is on the downside vs US Dollar (USD), but any decline is likely part of a lower range of 0.5835/0.5900.
NZDUSD
Banks
Technical Analysis
US April NFIB small business optimism index 95.8 vs 94.5 expected
US April NFIB small business optimism index 95.8 vs 94.5 expected
By Forex Live
US April NFIB small business optimism index 95.8 vs 94.5 expected
Latest data released by NFIB - 13 May 2025
Oil prices benefit from easing of trade conflict – Commerzbank
Oil prices benefit from easing of trade conflict – Commerzbank
By Fxstreet
Oil prices benefit from easing of trade conflict – Commerzbank
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent rose by up to 4% to more than $66 per barrel, WTI to $63.6 per barrel, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
WTI
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
By Fxstreet
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
Slight increase in momentum suggests Australian Dollar (AUD) could test 0.6350 against US Dollar (USD); the major support at 0.6330 is unlikely to come under threat.
AUDUSD
Technical Analysis
Banks
CNY: Still facing the threat of deflation – Commerzbank
CNY: Still facing the threat of deflation – Commerzbank
By Fxstreet
CNY: Still facing the threat of deflation – Commerzbank
The latest inflation figures were published in China over the weekend, reporting on price developments in April. Consumer prices rose by 0.1% month-on-month, but the annual price change remained negative for the third consecutive month at -0.1%.
China
Banks
USDCNY
PBOC
USDCNH
GBP: Holding onto gains – ING
GBP: Holding onto gains – ING
By Fxstreet
GBP: Holding onto gains – ING
Today's UK labour market data has had no discernible impact on Pound Sterling (GBP), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
UnitedKingdom
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
By Fxstreet
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
JPY: A sound investment – Commerzbank
JPY: A sound investment – Commerzbank
By Fxstreet
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.
Banks
Japan
USDJPY
BOJ
Technical Analysis
USD: April CPI print should keep the dollar supported – ING
USD: April CPI print should keep the dollar supported – ING
By Fxstreet
USD: April CPI print should keep the dollar supported – ING
FX markets are settling down after a lively Monday. It made sense for the Japanese yen and Swiss franc to sell off the hardest as Washington policy was re-appraised.
DollarIndex
Banks
Technical Analysis
Fed
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
By Fxstreet
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets “should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve.”
BOE
GBPUSD
CentralBanks
InterestRate
Inflation
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
By Fxstreet
Silver price today: Silver rises, according to FXStreet data
Most recent article: Silver price today: Silver falls, according to FXStreet data
Silver
Commodities
Metals
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
By Fxstreet
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.
GBPUSD
Banks
Technical Analysis
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