Market news

Gold Price Forecast: XAU/USD extends recovery toward $1880

USD/CAD retreats after struggling at 1.2900, hovers around 1.2850s on a weak US dollar

GBP/JPY continues to pivot either side of 163.00 level as 21DMA offers resistance, BoE meeting in focus

Denmark Currency Reserves fell from previous 535.7B to 535.1B in April

New Zealand GDT Price Index below expectations (-0.3%): Actual (-8.5%)

Fed Preview: Forecasts from 18 major banks, 50bps is universally expected

WTI consolidates in mid-$104.00s as traders weigh China demand woes against expected EU/Russia oil embargo

US: JOLTS Job Openings rises to 11.549 million in March vs. 11 million expected

United States JOLTS Job Openings came in at 11.549M, above expectations (11M) in March

United States Factory Orders (MoM) came in at 2.2%, above forecasts (1.1%) in March

EUR/USD recovers above 1.0550 in cautious FX market trade as key Fed meeting, NFP data release looms

US Dollar Index loses the grip and puts the 103.00 area to the test

Gold Price Forecast: XAUUSD bugs are offloading in a vacuum ahead of FOMC meeting – TDS

Russia's Putin: Russia still open to dialogue with Kyiv, West could help end atrocities by Ukrainian forces

USD/JPY: Aggressive uptrend is finally showing signs of tiring – Credit Suisse

GBP/USD: Downtrend is slowing near-term but the overall risk stays seen lower – Credit Suisse

GBP/USD: Limited signs of a notable reversal – Scotiabank

NZD/USD: Break below 0.6385/74 to open the door for a more sustained and quicker fall – Credit Suisse

S&P 500 Index: Support from May 2021 lows at 4061/57 to hold for some temporary consolidation – Credit Suisse

Silver Price Analysis: XAG/USD holding above $22.50 for now, but eyeing annual lows as Fed looms

USD/TRY retreats from multi-week highs around 14.90

United States Redbook Index (YoY) rose from previous 12.7% to 15.2% in April 29

AUD/USD continúa oscilando cerca de 0.7100

GBP/USD consolidates in low 1.2500s, well within recent ranges as key upcoming Fed, BoE meetings eyed

Brazil Industrial Output (YoY) came in at -2.1%, above expectations (-3%) in March

Brazil Industrial Output (MoM) above expectations (0.2%) in March: Actual (0.3%)

AUD/USD continues oscilation near 0.7100 as markets weigh hawkish RBA against unfavourable macro backdrop

Gold Price Analysis: XAU/USD trading with negative bias after hitting lowest since mid-February above $1850

EUR/USD Price Analysis: Room for further decline near term

US Dollar Index Price Analysis: Next on the upside comes 104.00

FX option expiries for May 3 NY cut

USD/JPY Price Analysis: Bulls look to regain 130.50 amid favorable technicals

EUR/JPY Price Analysis: Near-term upside capped around 138.00

GBP/USD clings to gains above 1.2500 as Fed/BOE expectations play out

Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected

Gold and silver under significant pressure – Commerzbank

European Monetary Union Producer Price Index (YoY) registered at 36.8% above expectations (36.3%) in March

European Monetary Union Producer Price Index (MoM) above forecasts (5%) in March: Actual (5.3%)

European Monetary Union Unemployment Rate came in at 6.8%, above forecasts (6.7%) in March

Spain 12-Month Letras Auction climbed from previous -0.288% to 0.078%

Spain 6-Month Letras Auction: -0.351% vs -0.55%

Gold Price Forecast: XAU/USD attacks $1,850 amid firmer yields, focus shifts to Fed

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 55.8, above forecasts (55.3) in April

Germany: Unemployment Rate stays unchanged at 5% as expected

GBP/USD: Fundamental outlook continues to favour further sterling weakness – MUFG

USD/JPY: The move above 130 is likely to establish this as a floor – HSBC

Greece S&P Global Manufacturing PMI rose from previous 54.6 to 54.8 in April

US Dollar Index: A move into the 104-105 range into the Fed meeting seems reasonable – ING

Germany Unemployment Rate s.a. in line with expectations (5%) in April

Germany Unemployment Change came in at -13K, above forecasts (-15K) in April

USD/BRL: Levels of 4.60 not justified – Commerzbank

AUD/USD: RBA's hawkish turn may not prove enough to materially lift the aussie – ING

Gold Price Forecast: XAUUSD could bounce before the next downswing

EUR/USD opens the door to further decline below 1.0500, focus on ECB, data

US Dollar Index looks cautious around 103.60, Fed gathering starts today

USD/CAD pares daily losses below 1.2900 as oil renews intraday low, DXY recovers

Sterling to weaken as BoE rate announcement may trigger a dovish repricing across GBP curve – ING

EUR/USD: At risk of a decisive break below 1.05 this week – ING

France Budget: €-38.334B (March) vs previous €-37.63B

Forex Today: Eyes on mid-tier data ahead of key central bank meetings

EUR/CHF: Franc to strengthen on possible energy supply stops in Europe – Commerzbank

USD remains the better alternative – Commerzbank

AUD/USD: Limited scope for further gains in the current difficult market environment – Commerzbank

NZD/USD: Break of 0.6410 risks a move to 0.6335 – ANZ

NZ Employment Preview: Forecasts from four major banks, another record low

RBA’s Lowe: A more normal level of rates would be 2.5%

AUD/USD defends RBA-led gains near 0.7100 on Lowe’s remarks, USD rebound

RBA’s Lowe: Further increases in interest rates will be necessary over the months ahead

NZD/USD tumbles to near 0.6430 as DXY turns volatile, focus is on Fed and NZ employment

AUD/USD to dip through 0.70 despite RBA hawkish 25bp rate increase – Westpac

Natural Gas Futures: Upside could lose traction

Gold Price Forecast: XAU/USD approaches $1,850 support on pre-Fed anxiety, firmer yields

Crude Oil Futures: Extra gains appears likely

PM Morrison: Australians have been preparing for an RBA rate hike for some time

Gold Futures: Further losses look contained

Asian Stock Market: RBA’s 0.25% rate hike weighs on ASX amid off in China, Japan

AUD/NZD scales above 1.1040 on hawkish RBA, interest rate hikes to 0.35%

Australia’s 10-year Treasury yields jump to the highest since November 2014 on hawkish RBA

AUD/JPY rallies 75-pips on RBA’s more-than-expected rate hike

RBA: Committed to doing what is necessary to ensure inflation returns to target over time

AUD/USD tests 0.7140 as RBA elevates interest rates to 0.35%

Breaking: RBA lifts OCR by 25 bps to 0.35%, AUD/USD storms through 0.7100

Australia RBA Interest Rate Decision came in at 0.35%, above expectations (0.25%)

USD/INR Price News: Indian rupee drops back towards 77.00 amid holiday mood in Asia

USD/JPY steadies around 130.00 as investors await Fed’s meeting, DXY gets volatile

WTI Price Analysis: Eyes to revisit sub-$102.00 region as bulls retreat from key resistance line

EU Official: 'More Russian banks' to leave SWIFT network – AFP

GBP/USD rebound battles 1.2530 hurdle on broad USD pullback, BOE-Fed duet eyed

Gold Price Forecast: XAUUSD oscillates around $1,860 ahead of Fed’s policy, DXY rebounds marginally

Fed: Hints at the pace of lifting policy rate to neutral eyed – Barclays

EUR/USD marches towards 1.0540 as DXY weakens, ECB’s Lagarde eyed

AUD/JPY Price Analysis: Bulls flex muscles above 92.00 with eyes on RBA

When is the RBA Interest Rate Decision and how could it affect AUD/USD?

GBP/JPY Price Analysis: Bears are flexing at key hourly support

Silver Price Analysis: Dragonfly Doji underpins XAG/USD rebound towards $23.00

GBP/USD sees establishment above 1.2500, Fed-BOE policy in focus

USD/CAD slides to session lows in Tokyo as US dollar pulls back

S&P 500 Futures print mild gains tracing Wall Street moves, yields stabilize on Japan’s off

AUD/USD Price Analysis: Bulls approach 0.7100 ahead of RBA

USD/CHF hovers around 0.9780 on Fed’s rate hike expectations, Swiss CPI in focus

Gold Price Forecast: XAU/USD bears stay in control into weekly demand area

Currencies. Daily history for Monday, May 2, 2022

Australia's 10-year Treasury yields flirt with seven-year high with eyes on RBA

AUD/NZD Price Analysis: Hovers inside ascending triangle around 1.0950 ahead of RBA

NZD/USD Price Analysis: Oversold oscillators signal a pullback to 10-EMA

USD/CAD retreats from yearly high amid firmer oil but bulls stay hopeful above 1.2860

US Dollar Index eyes to recapture fresh 19-year high as uncertainty over Fed’s rate hike firms

EUR/USD Price Analysis: Corrective pullback remains elusive below 1.0530

South Korea Consumer Price Index Growth (MoM) above expectations (0.4%) in April: Actual (0.7%)

South Korea Consumer Price Index Growth (YoY) above forecasts (4.3%) in April: Actual (4.8%)

EUR/JPY Price Analysis: Retreats around 137.60 daily highs, below 137.00 as a head-and-shoulders formed

New Zealand Building Permits s.a. (MoM) declined to 5.8% in March from previous 10.5%

USD/JPY seesaws around 130.00 as Treasury yields refresh three-year high ahead of FOMC

AUD/USD steadies around 0.7050 ahead of RBA, Yields look to reclaim 3%

AUD/JPY Price Analysis: Range-bound on a 70-pip range, meanders around 91.80s ahead of the RBA

GBP/USD Price Analysis: Bears take on bullish commitments at weekly support

WTI establishes above $105.00 as focus shifts to OPEC meet

USD/CHF Price Analysis: Reaches another fresh two-year-high, shy of the 0.9800 mark

NZD/USD bulls nowhere to be seen as price breaks key support

Forex Today: Dollar reigns in a risk averse environment and ahead of central banks’ announcements

USD/CAD reached a new YTD high, meanders around 1.2889 post-US/Canada PMIs

GBP/JPY Price Analysis: Bears moving in at critical daily resistance

Gold Price Forecast: XAU/USD bears break below the 100-DMA and eye $1834 ahead of the FOMC

EUR/USD pressured as US 10-year yield rises to 3% ahead of Fed

USD/JPY meanders around 130.00, waiting for the Fed’s May meeting

AUD/USD to soften over the medium term despite hawkish RBA – Wells Fargo

Bank of England: Focus definitely much more on forward guidance  Danske Bank