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GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
By Fxstreet
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Technical Analysis
Majors
Macroeconomics
GBPUSD
Fundamental Analysis
NZDUSD tests key swing area resistance as buyers push higher after MA support at lows
NZDUSD tests key swing area resistance as buyers push higher after MA support at lows
By Forex Live
NZDUSD tests key swing area resistance as buyers push higher after MA support at lows
Momentum builds in NZDUSD with bulls pressing against key resistance ceiling
The S&P and Nasdaq indice bounce near 50-hour MAs. Buyers still holding short-term control
The S&P and Nasdaq indice bounce near 50-hour MAs. Buyers still holding short-term control
By Forex Live
The S&P and Nasdaq indice bounce near 50-hour MAs. Buyers still holding short-term control
Market indices bounce near key support levels, maintaining short-term bullish bias. Dip buyers active as 50-hour MAs hold as risk levels for S&P and Nasdaq.
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
By Fxstreet
EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt
The EUR/JPY pair rebounds above 162.00 during the North American trading session after attracting bids near 161.60, which is the intraday low.
ECB
Germany
BOJ
EURJPY
RiskAversion
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
By Fxstreet
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
The Swiss franc’s strong performance and soft inflation have raised expectations of SNB action, while the euro’s recent strength is now under scrutiny amid economic headwinds and speculation about future ECB cuts, Rabobank's FX analyst Jane Foley notes.
Technical Analysis
EURCHF
USDCHF
Banks
With Argentex Sold for Nearly £3M to IFX Payments, Former CEO Launches B2B FX Startup
With Argentex Sold for Nearly £3M to IFX Payments, Former CEO Launches B2B FX Startup
By Finance Magnates
With Argentex Sold for Nearly £3M to IFX Payments, Former CEO Launches B2B FX Startup
Just months after Argentex's near-collapse, its former chief executive, Harry Adams, is back in the industry. Adams has launched a new London-based FX firm, Tenora, aiming to overhaul the way bus...
Tenora
Argentex
AUDUSD holds support above 100-hour MA as bulls eye December highs
AUDUSD holds support above 100-hour MA as bulls eye December highs
By Forex Live
AUDUSD holds support above 100-hour MA as bulls eye December highs
AUDUSD holds support at prior range highs; bulls look to build on breakout above key MAs
Merz confirmed in second parliamentary vote
Merz confirmed in second parliamentary vote
By Forex Live
Merz confirmed in second parliamentary vote
Embarrassing but not a material setback
Germany: Merz was elected Chancellor
Germany: Merz was elected Chancellor
By Fxstreet
Germany: Merz was elected Chancellor
German conservative leader Friedrich Merz was elected chancellor on Tuesday following an unprecedented second round of parliamentary voting, after his coalition with the centre-left Social Democrats suffered an unexpected defeat in the initial ballot.
GDP
EURUSD
Germany
Politics
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
By Fxstreet
US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet
United States (US) Treasury Secretary Scott Bessent said on Tuesday that they are actively negotiating with 17 trading partners, while clarifying that they have not engaged with China as of yet, per Reuters.
China
UnitedStates
Politics
Macroeconomics
Is the third time a charm? EURUSD buyers take the price above the 200 hour MA
Is the third time a charm? EURUSD buyers take the price above the 200 hour MA
By Forex Live
Is the third time a charm? EURUSD buyers take the price above the 200 hour MA
The 200-hour MA for the EURUSD comes in at 1.13469. The price is back above the MA level
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
By Fxstreet
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY continues to trade lower as renewed safe-haven demand supports the Japanese Yen (JPY).
Currencies
Majors
USDJPY
Macroeconomics
Fundamental Analysis
DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital
DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital
By Finance Magnates
DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital
The funding round will help launch Dogecoin App Layer.
April Canada Ivey PMI 47.9 vs 51.3 prior
April Canada Ivey PMI 47.9 vs 51.3 prior
By Forex Live
April Canada Ivey PMI 47.9 vs 51.3 prior
Canadian manufacturing sentiment
Webull Adds Visa Direct for Instant Transfers; Expands into Binary Event Contracts
Webull Adds Visa Direct for Instant Transfers; Expands into Binary Event Contracts
By Finance Magnates
Webull Adds Visa Direct for Instant Transfers; Expands into Binary Event Contracts
Webull (Nasdaq: BULL), an online investment platform, has announced a partnership with Visa to integrate Visa Direct into its US operations.
Webull
retail FX
retail
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
By Fxstreet
EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
The EUR/GBP pair falls sharply to near 0.8460 during North American trading hours on Tuesday, the lowest level seen in a month. The pair slumps as the Pound Sterling (GBP) outperforms its peers in a risk-off market sentiment.
EURGBP
BOE
Germany
InterestRate
UnitedStates
USDCAD presses lower but lacks momentum;key ceilings and moving averages keep lid on gains
USDCAD presses lower but lacks momentum;key ceilings and moving averages keep lid on gains
By Forex Live
USDCAD presses lower but lacks momentum;key ceilings and moving averages keep lid on gains
Sellers more in control below the MAs but needs to break below recent lows (and keep downside momentum going).
USDCHF consolidates in a tight range; pressure builds near key moving averages
USDCHF consolidates in a tight range; pressure builds near key moving averages
By Forex Live
USDCHF consolidates in a tight range; pressure builds near key moving averages
Range-bound between 0.8195 and 0.8333, with moving averages creating short-term negative bias at 0.8259 area.
GBPUSD continues the upside momentum.  Trades into the upper extreme.
GBPUSD continues the upside momentum.  Trades into the upper extreme.
By Forex Live
GBPUSD continues the upside momentum. Trades into the upper extreme.
The price of the GBPUSD is above the swing area between 1.33619 to 1.33784
Here is what a huge front-run of US tariffs looks like. Now for the bust
Here is what a huge front-run of US tariffs looks like. Now for the bust
By Forex Live
Here is what a huge front-run of US tariffs looks like. Now for the bust
Finished metal shapes imports boomed, now here comes the bust
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
By Fxstreet
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the European Union (EU) plans to target about €100 billion worth of United States (US) imports with additional tariffs if they fail to reach a deal with the US.
EURUSD
Europe
Eurozone
Politics
Macroeconomics
Crossover Markets Expands to the U.S. as Crypto Regulations Ease Under Trump
Crossover Markets Expands to the U.S. as Crypto Regulations Ease Under Trump
By Finance Magnates
Crossover Markets Expands to the U.S. as Crypto Regulations Ease Under Trump
Amid more friendly crypto regulations in the US, Crossover Markets, the crypto asset trading technology firm, is preparing to launch its services for the US clients for the first time, Bloomberg re...
Crossover Markets
The focus is back on trade today, in more ways than one
The focus is back on trade today, in more ways than one
By Forex Live
The focus is back on trade today, in more ways than one
The indications on US trade deals aren't
The USD is moving lower vs the major currencies. What technical levels are being broken?
The USD is moving lower vs the major currencies. What technical levels are being broken?
By Forex Live
The USD is moving lower vs the major currencies. What technical levels are being broken?
What technical levels in the EURUSD, USDJPY and GBPUSD are being broken on the dollar selling today?
Inside Q1/2025: Top FX/CFD Websites and Asia’s Growing Influence
Inside Q1/2025: Top FX/CFD Websites and Asia’s Growing Influence
By Finance Magnates
Inside Q1/2025: Top FX/CFD Websites and Asia’s Growing Influence
Asia now drives 66.6% of FX/CFD site traffic. Explore key trends, top platforms, and what this shift means for brokers and traders in Q1 2025.
Finance Magnates Intelligence
qir
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
By Fxstreet
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
The Euro (EUR) is quiet and trading within a remarkably tight range, given the broader context of uncertainty and German Chancellor Merz’ failure to secure a majority for his confirmation vote in the German parliament, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD is consolidating in recent range near high – Scotiabank
CAD is consolidating in recent range near high – Scotiabank
By Fxstreet
CAD is consolidating in recent range near high – Scotiabank
The CAD is entering Tuesday’s NA session unchanged vs. the USD, its range tightly bound within a marginally bullish (USD/CAD bearish) trend channel from mid April, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD: Sentiment fragile as German politics hits European equities – Scotiabank
USD: Sentiment fragile as German politics hits European equities – Scotiabank
By Fxstreet
USD: Sentiment fragile as German politics hits European equities – Scotiabank
Markets are generally quiet and G10 currencies are trading in a mixed fashion against the US Dollar (USD), with no clear overriding theme or risk tone as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
DollarIndex
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
By Fxstreet
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
The Mexican Peso (MXN) is rising against the US Dollar (USD) on Tuesday, reversing earlier losses as traders reduced Dollar exposure ahead of Wednesday’s highly anticipated Federal Reserve (Fed) policy decision. 
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
Forexlive European FX news wrap: Failed German first voting round sends DAX for a ride
Forexlive European FX news wrap: Failed German first voting round sends DAX for a ride
By Forex Live
Forexlive European FX news wrap: Failed German first voting round sends DAX for a ride
Forex news from the European morning session on May 6, 2025
Session wrap
Wrap Europe
Silver Price Forecast: XAG/USD rallies to near $33 on Trump’s fresh tariff threats
Silver Price Forecast: XAG/USD rallies to near $33 on Trump’s fresh tariff threats
By Fxstreet
Silver Price Forecast: XAG/USD rallies to near $33 on Trump’s fresh tariff threats
Silver price (XAG/USD) surges to near $33.00 during European trading hours on Tuesday. The white metal strengthens as demand for safe-haven assets increasez after United States (US) President Donald Trump threatened to impose tariffs on pharmaceuticals.
Silver
China
TradeWar
Fed
XAGUSD
This is why you should be nimble when trading
This is why you should be nimble when trading
By Forex Live
This is why you should be nimble when trading
The DAX is erasing most of the losses following Merz's loss in the first voting round as expectations for a quick resolution build
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