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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
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
Is the Swiss National Bank getting nervous? – Commerzbank
Is the Swiss National Bank getting nervous? – Commerzbank
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
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
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
President Xi: China and EU should oppose unilateral bullying
President Xi: China and EU should oppose unilateral bullying
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
Gold hits two-week high on German political turmoil
Gold hits two-week high on German political turmoil
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
USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA
USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA
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
GBP: Widely expect BoE cut this week – ING
GBP: Widely expect BoE cut this week – ING
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
Eurozone March PPI -1.6% vs -1.6% m/m expected
Eurozone March PPI -1.6% vs -1.6% m/m expected
by Forex Live
Eurozone March PPI -1.6% vs -1.6% m/m expected
Latest data released by Eurostat - 6 May 2025
An early preview of the Bank of England meeting – Commerzbank
An early preview of the Bank of England meeting – Commerzbank
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
GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group
GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group
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
German parliament reportedly won't be going ahead with another chancellor vote today
German parliament reportedly won't be going ahead with another chancellor vote today
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
EUR: Overvaluation can't be unseen – ING
EUR: Overvaluation can't be unseen – ING
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
EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group
EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group
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
Difficult situation for Asian countries outside China – Commerzbank
Difficult situation for Asian countries outside China – Commerzbank
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
UK April final services PMI 49.0 vs 48.9 prelim
UK April final services PMI 49.0 vs 48.9 prelim
by Forex Live
UK April final services PMI 49.0 vs 48.9 prelim
Latest data released by S&P Global - 6 May 2025
China's Xi: China and EU should oppose unilateral bullying
China's Xi: China and EU should oppose unilateral bullying
by Forex Live
China's Xi: China and EU should oppose unilateral bullying
Xinhua reporting President Xi's remarks
German stocks fall as political uncertainty creeps in
German stocks fall as political uncertainty creeps in
by Forex Live
German stocks fall as political uncertainty creeps in
The DAX is now down 0.9% on the day
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
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
EUR/USD gains at US Dollar's expense, German Merz fails to secure majority in Bundestag
EUR/USD gains at US Dollar's expense, German Merz fails to secure majority in Bundestag
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
Eurozone April final services PMI 50.1 vs 49.7 prelim
Eurozone April final services PMI 50.1 vs 49.7 prelim
by Forex Live
Eurozone April final services PMI 50.1 vs 49.7 prelim
Latest data released by HCOB - 6 May 2025
EU’s Sefcovic: Proposed 0 for 0 tariffs on industrial goods
EU’s Sefcovic: Proposed 0 for 0 tariffs on industrial goods
by Fxstreet
EU’s Sefcovic: Proposed 0 for 0 tariffs on industrial goods
European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have “proposed 0 for 0 tariffs on industrial goods.”
EURUSD
TradeWar
Eurozone
SNB's Schlegel: We haven't ruled out negative interest rates
SNB's Schlegel: We haven't ruled out negative interest rates
by Forex Live
SNB's Schlegel: We haven't ruled out negative interest rates
Further remarks by SNB chairman, Martin Schlegel
Germany April final services PMI 49.0 vs 48.8 prelim
Germany April final services PMI 49.0 vs 48.8 prelim
by Forex Live
Germany April final services PMI 49.0 vs 48.8 prelim
Final data released by HCOB - 6 May 2025
SNB's Schlegel: We remain committed to our mandate of price stability
SNB's Schlegel: We remain committed to our mandate of price stability
by Fxstreet
SNB's Schlegel: We remain committed to our mandate of price stability
Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday that “we remain committed to our mandate of price stability.”
CentralBanks
InterestRate
USDCHF
SNB
France April final services PMI 47.3 vs 46.8 prelim
France April final services PMI 47.3 vs 46.8 prelim
by Forex Live
France April final services PMI 47.3 vs 46.8 prelim
Latest data released by HCOB - 6 May 2025
Italy April services PMI 52.9 vs 51.5 expected
Italy April services PMI 52.9 vs 51.5 expected
by Forex Live
Italy April services PMI 52.9 vs 51.5 expected
Latest data released by HCOB - 6 May 2025
EU Trade Commissioner Sefcovic: Proposed 0 for 0 tariffs on industrial goods
EU Trade Commissioner Sefcovic: Proposed 0 for 0 tariffs on industrial goods
by Forex Live
EU Trade Commissioner Sefcovic: Proposed 0 for 0 tariffs on industrial goods
Remarks by the EU's Trade Commissioner, Maros Sefcovic
Forex Today: Major pairs stabilize as focus shifts to central banks
Forex Today: Major pairs stabilize as focus shifts to central banks
by Fxstreet
Forex Today: Major pairs stabilize as focus shifts to central banks
Here is what you need to know on Tuesday, May 6:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
SNB's Schlegel: We remain committed to our mandate of price stability
SNB's Schlegel: We remain committed to our mandate of price stability
by Forex Live
SNB's Schlegel: We remain committed to our mandate of price stability
Remarks by SNB chairman, Martin Schlegel
EUR/GBP holds position above 0.8500 ahead of PMI data from Eurozone, UK
EUR/GBP holds position above 0.8500 ahead of PMI data from Eurozone, UK
by Fxstreet
EUR/GBP holds position above 0.8500 ahead of PMI data from Eurozone, UK
EUR/GBP retraces its recent losses from the previous session, trading around 0.8510 during the early European hours on Tuesday.
Crosses
Eurozone
UnitedKingdom
EURGBP
Macroeconomics
Spain April services PMI 53.4 vs 54.0 expected
Spain April services PMI 53.4 vs 54.0 expected
by Forex Live
Spain April services PMI 53.4 vs 54.0 expected
Latest data released by HCOB - 6 May 2025
China says would welcome EU leaders to visit in a timely manner to hold new round of talks
China says would welcome EU leaders to visit in a timely manner to hold new round of talks
by Forex Live
China says would welcome EU leaders to visit in a timely manner to hold new round of talks
Today marks 50 years in which China and the EU established diplomatic relations
European indices little changed to kick start the day
European indices little changed to kick start the day
by Forex Live
European indices little changed to kick start the day
A steadier mood but US futures are still slightly lower
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
by Fxstreet
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.65, with the EUR/INR pair rising from its previous close at 95.38.
Palladium price: Rare metals advance at the start of the European session
Palladium price: Rare metals advance at the start of the European session
by Fxstreet
Palladium price: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $949.65 a troy ounce, with the XPD/USD pair advancing from its previous close at $947.60.
Metals
Palladium
Commodities
What are the main events for today?
What are the main events for today?
by Forex Live
What are the main events for today?
Not much on the data front but focus remains on the first trade deal announcement and Trump-Carney meeting
market overview
Eurostoxx futures -0.2% in early European trading
Eurostoxx futures -0.2% in early European trading
by Forex Live
Eurostoxx futures -0.2% in early European trading
A slightly softer tone with US futures also resting lower
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
by Fxstreet
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $57.68 per barrel, up from Monday’s close at $57.00.
Oil
WTI
Commodities
Bullish
Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
by Forex Live
Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
Latest data released by the Federal Statistics Office - 6 May 2025
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