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Fxstreet
US Commerce Secretary Lutnick: We will get some trade deals soon
United States (US) Commerce Secretary Howard Lutnick hit newswires late on Monday, skirting direct questions about a US-Canada trade deal outside of the Trump administration's own NAFTA re-negotiation, the USMCA.
TradeWar
UnitedStates
Politics
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Forex Live
Lutnick says a trade deal with Canada is possible, but its 'very complex'
'Very complex' means there won;t be a near term trade deal.
CAD
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Fxstreet
Canadian Dollar holds steady as markets await key movers
The Canadian Dollar (CAD) is holding steady against the US Dollar (USD) to kick off the new trading week, with USD/CAD holding steady near the 1.3800 handle.
Fed
USDCAD
SEO
Politics
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Forex Live
Palantir EPS $0.13 versus $0.13 est. Revenues $884 million versus $861 million est
Guidance $934-$938M above the estimate $898M
Stocks
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Fxstreet
AUD/USD posts fresh highs as trade optimism and economic data boost Aussie
The AUD/USD pair surged on Monday, reaching a fresh five-month high near the 0.6500 level. The Australian Dollar (AUD) benefits from a range of factors, including the US Dollar’s (USD) weakness, a solid economic report from the US and the strengthening of global risk sentiment.
Currencies
SEO
Majors
AUDUSD
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Forex Live
Major US indices close lower. S&P and NASDAQ indices never get out of negative territory
Dow industrial average trading above and below unchanged but closes down on the day
Stocks
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Forex Live
Economic calendar in Asia Tuesday, May 6, 2025 - China PMI
Asian Economic Calendar: Key Events and Consensus Expectations for 06 May 2025
economic calendar
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Forex Live
Trade ideas thread - Tuesday, 6 May, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD
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Fxstreet
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
The USD/JPY dropped late during the North American session as investors seeking safety bought the Japanese Yen (JPY) and ditched the US Dollar (USD) amid the lack of announcements of trade deals, despite rumors that the US and China are close to beginning talks.
Technical Analysis
USDJPY
Currencies
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Fxstreet
CBO's Swagel: US debt ceiling deadline expected late summer, but could come forward
Director of the United States (US) Congressional Budget Office (CBO) Phillip Swagel noted on Monday that while US revenue projections are holding steady, the next iteration of the US's routine debt ceiling showdown could be pushed forward if government spending and revenue conditions deteriorate.
UnitedStates
Politics
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Fxstreet
Crude Oil prices stabilize after OPEC output hike sends barrel bids lower
West Texas Intermediate (WTI) Crude Oil prices are stabilizing on Monday, clawing back near-term losses after the Organization of the Petroleum Exporting Countries (OPEC) announced it would begin stepping up its internal production quotas beginning in June.
Oil
OPEC
Energy
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Forex Live
OpenAI abandons plan to become a 'for profit' company
The whole idea made a mockery of the mission
Stocks
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Fxstreet
Forex Today: Light data releases in China and Europe come to the fore
The US Dollar remained under pressure at the start of the new trading week, extending recent losses amid persistent selling interest. Investor focus is now turning to a series of key central bank rate decisions in the days ahead, with the Federal Reserve front and centre.
Currencies
EURUSD
Fed
DollarIndex
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Forex Live
Not too bad of a day for oil, given the circumstances
An output hike from OPEC didn't break the April low
Oil
By
Fxstreet
US Dollar drops after TWD surge despite strong data
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a broader rally in Asian currencies amid speculation of FX conversions by exporters.
Currencies
UnitedStates
SEO
Macroeconomics
DollarIndex
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Fxstreet
Silver Price Forecast: XAG/USD rises past $33.00 on weak US Dollar
Silver's price advanced close to 1% on Monday, as the US Dollar (USD) remains pressured due to US President Donald Trump's tariffs and appetite for the haven’s appeal of precious metals like Gold and the grey metal.
Technical Analysis
Silver
Metals
XAGUSD
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Forex Live
Trump says he bets Canada's Carney wants to make a deal in Tuesday visit
Just a reminder that Carney will visit the White House tomorrow
CAD
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Forex Live
Trump says will meet with film industry to make sure it's happy with tariff idea
Trump is really walking this one back
Politics
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Forex Live
Morgan Stanley: What we expect from the FOMC on Wed and the BoE on Thurs
It's a big week for central bank decisions
Fed
BOE
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Fxstreet
Gold roars above $3,300 as USD tumbles, Fed countdown begins
Gold (XAU/USD) prices jumped over 2%, or more than $70, on Monday as the Greenback was battered, although positive economic data from the United States (US) suggests the economy remains solid. XAU/USD trades at $3,321 after bouncing off daily lows of $3,237.
XAUUSD
Fed
SEO
Gold
Macroeconomics
By
Fxstreet
Dow Jones Industrial Average finds slim gains on tepid Monday
The Dow Jones Industrial Average (DJIA) rose slightlyon Monday, extending the ongoing equity recovery even as investor sentiment continues to churn in the face of constantly changing trade policies from the US administration.
DowJones
Equities
SEO
By
Fxstreet
USD/CAD stabilizes as Carney-Trump summit, Fed outlook, and economic data loom
USD/CAD is treading water as investors weigh the geopolitical significance of Tuesday’s scheduled meeting between Canadian Prime Minister Mark Carney and US President Donald Trump, alongside a series of high-impact economic releases expected to shape monetary policy outlooks.
Currencies
Fed
USDCAD
Majors
Macroeconomics
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Forex Live
US treasury auctions off $58 billion of three year notes at a high yield of 3.824%
WI level at the time of the auction 3.826%
USD
By
Fxstreet
USD/TWD plunges as Taiwan Dollar posts historic surge amid trade speculation
USD/TWD cratered into the 28.90 area on Monday, deepening its historic collapse after a 5.7% drop added to Friday’s 4.4% fall.
EmergingMarkets
Currencies
USDMXN
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Fxstreet
US Treasury Secretary Bessent: We're very close to some deals on trade, maybe
United States (US) Secretary of the Treasury Scott Bessent spoke on Monday, touching on various topics surrounding the Trump administration's constantly evolving trade strategy.
TradeWar
UnitedStates
Politics
By
Fxstreet
EUR/CAD Price Analysis: Euro edges higher near 1.5600 as longer-term bias holds firm
The EUR/CAD pair ticked higher on Monday, trading around the 1.5600 area after the European session. While price action remained within the middle of the daily range, the pair showed signs of underlying strength, aligning with a broader bullish structure.
Crosses
Technical Analysis
Currencies
EURCAD
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Forex Live
Bessent: I think we are very close to some trade deals
More from the Treasury Secretary
Politics
By
Fxstreet
EUR/USD Price Analysis: Euro holds firm near 1.1300 as bullish trend persists
The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout.
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Forex Live
White House: No final decision on film tariffs have been made
Trump did say he was going to 'begin the process' of 100% tariffs
Politics
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Forex Live
US rejects Japan request for full exemption from 'reciprocal' tariffs
US would consider lowering 14% tariff
JPY
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Fxstreet
GBP/USD rises above 1.33 as US PMI data fails to lift USD
The Pound Sterling (GBP) advanced some 0.32% against the US Dollar (USD) on Monday, back above the 1.33 handle, as market participants digested data from the United States (US) portraying that business activity in the services sector is gathering some steam, yet fails to underpin the Greenback.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
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Forex Live
Bessent: Tariffs, tax cuts and deregulation are keys to drive long-term investment
Comments from Bessent at Milken conference
Politics
By
Forex Live
India offers the US zero-for-zero tariffs on auto parts and steel
Does the US really want free trade?
Politics
By
Fxstreet
Silver Price Forecast: XAG/USD surges to near $32.60 as US Dollar weakens, Fed policy in focus
Silver price (XAG/USD) is rallying to near $32.60 during North American trading hours on Monday. The white metal strengthens as the US Dollar (USD) slumps at the start of the week, with the Federal Reserve’s (Fed) monetary policy meeting in focus.
Silver
China
Fed
XAGUSD
DollarIndex
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Fxstreet
Mexican Peso holds ground as weak US data and policy outlook weigh on USD
The Mexican Peso (MXN) remains stable against the US Dollar (USD) on Monday despite rising tensions over the weekend between Mexican President Claudia Sheinbaum and US President Donald Trump regarding a rejected proposal to deploy American troops in Mexico.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
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Fxstreet
US ISM Services advances above estimates at 51.6 in April
Economic activity in the United States (US) services sector gathered momentum in April, with the ISM Services PMI advancing to 51.6 from 50.8 in March, coming in above analysts’ estimates of 50.6.
UnitedStates
EconomicIndicator
PMI
Macroeconomics
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