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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
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
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
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 (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
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
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


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
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
No second round of voting for today at least
Politics

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
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
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


China's Xi: China and EU should oppose unilateral bullying
Xinhua reporting President Xi's remarks
CNH


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 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

Merz falls short of majority needed to become German chancellor in first voting round
316 votes was supposed to be the magic number
EUR


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
Further remarks by SNB chairman, Martin Schlegel
SNB


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



EU Trade Commissioner Sefcovic: Proposed 0 for 0 tariffs on industrial goods
Remarks by the EU's Trade Commissioner, Maros Sefcovic
EUR

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
Remarks by SNB chairman, Martin Schlegel
SNB

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


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
CNY

European indices little changed to kick start the day
A steadier mood but US futures are still slightly lower
Stocks

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.
India
CROSS

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?
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
A slightly softer tone with US futures also resting lower
Stocks

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.

Switzerland April seasonally adjusted unemployment rate 2.8% vs 2.8% expected
Latest data released by the Federal Statistics Office - 6 May 2025
CHF