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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

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
USD

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

India announces a big trade deal... but not with the country expected
The UK and India will have free trade
Politics

Canada trade balance Canada trade balance for March (C$) -0.51B vs -1.56B estimate
The Canada trade balance information for March 2025
CAD

US March international trade balance -140.5B vs -137.0B expected
March US international trade balance data
USD

The focus is back on trade today, in more ways than one
The indications on US trade deals aren't
USD


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
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
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
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
Forex news from the European morning session on May 6, 2025
Session wrap
Wrap Europe

EU targets €100 billion of US goods with tariffs if talks fail
Report moving the markets
market overview

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
The DAX is erasing most of the losses following Merz's loss in the first voting round as expectations for a quick resolution build
DAX

US Dollar Index at fresh low for May after German Chancellor Merz secures majority
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is sliding lower on Tuesday with market nervousness picking up again.
TradeWar
UnitedStates
SEO
Macroeconomics
DollarIndex

USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the pair’s inability to reclaim 7.30 suggesting further downside risk toward 7.14 and 7.10, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks

AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD has staged a steady recovery from last month’s lows and is now testing the 200-day moving average, with a breakout above February highs near 0.6410 seen as critical for unlocking further upside toward 0.6550 and beyond, Société Générale's FX analysts note.
Technical Analysis
Banks
AUDUSD

EUR/CHF falls despite soft Swiss CPI print – Danske Bank
April’s downside surprise in Swiss inflation has reinforced expectations of a June rate cut by the SNB, with markets now entertaining the possibility of a return to negative interest rates as the strong franc and global uncertainties weigh on growth and price stability, Danske Bank's FX analysts rep
Banks
EURCHF
SNB
Switzerland
Inflation

Pound Sterling rallies against US Dollar ahead of Fed-BoE monetary policy
The Pound Sterling (GBP) surges to near 1.3390 against the US Dollar (USD) during North American trading hours on Tuesday.
China
Fed
SEO
BOE
GBPUSD

China will hold press conference on Wednesday on financial policy package
The press conference will be with officials from central bank, securities regulator and financial regulator. Stimulus incoming?
CNH

USD/CNH can rise further to 7.2400 – UOB Group
Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,
Technical Analysis
USDCNH
Banks

USD/CNH drops to six-month low amid optimism – Danske Bank
Asian currencies rallied sharply, led by a historic surge in the Taiwan dollar, as growing speculation over imminent trade talks between the US and its Asian partners boosted market sentiment and fueled hopes of policy shifts, Danske Bank's FX analysts report.
China
Currencies
USDCNY
USDCNH
Banks

USD/JPY has likely entered a consolidation phase – UOB Group
US Dollar (USD) is expected to trade in a 143.40/144.85 range vs Japanese Yen (JPY). In the longer run, USD has likely entered a consolidation phase and is likely to trade between 142.20 and 146.70 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks

EU's Sefcovic: EU doesn't feel weak or under pressure to accept unfair deal with the US
Further remarks by the EU Trade Commissioner
EUR

USD faces downside risks despite recent stabilization – Danske Bank
Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.
Technical Analysis
Currencies
EURUSD
Banks
DollarIndex

US oil industry set to slow – ING
The weakness in oil prices will prompt a pullback in drilling activity in the US, ING's commodity expert Warren Patterson notes.
Oil
Energy
Brent
Banks

NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD

Taiwan central bank says will visit FX custodian banks to carry out inspections
The central bank tries to assuage fears after the sudden surge in the currency yesterday
market overview


OPEC+ goes with another big supply hike – ING
OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in the months ahead, we revised our oil forecasts lower, ING's commodity expert Warren Patterson notes.
Oil
OPEC
Energy
Banks

Oil struggles as OPEC+ sticks to output hikes – Danske Bank
Oil prices remain under pressure after OPEC+ confirmed a third consecutive monthly output hike, reinforcing bearish sentiment in a market already unsettled by global trade tensions and geopolitical risks, Danske Bank's FX analysts report.
Oil
OPEC
Energy
Banks

USD: What the TWD is telling us – ING
The most notable development in FX over the past few days has been the exceptional rally in the Taiwanese dollar, and to a lesser extent in other Asian currencies (MYR, THB, KRW).
Banks
DollarIndex
Technical Analysis
USDCNH

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