Market news

USD/MXN drops to four-week lows below 20.00 amid risk appetite

Gold Price Forecast: XAU/USD bulls suffer around the 200-DMA and throw the towel as gold slips to $1820s

USD/CAD rebounds toward 1.2850 as the US dollar stabilizes

New Zealand GDT Price Index registered at -2.9%, below expectations (-1.7%)

WTI rallies towards late-March highs in $116s on constructive China updates, Russia/OPEC+ output woes

US Dollar Index tumbles to 2-week lows near 103.20 ahead of Powell

United States Business Inventories registered at 2% above expectations (1.9%) in March

United States NAHB Housing Market Index came in at 69 below forecasts (75) in May

USD/JPY Price Analysis: Climbs to three-day high, eyes descending trend-line resistance

EUR/GBP to bounce back higher amid Brexit woes – BBH

USD/IDR: A test of 14,700 now appears on the cards – UOB

EUR/USD Price Analysis: Next resistance comes at 1.0641

Gold Price Forecast: XAUUSD to see a fleeting relief on a break above $1,830 – TDS

United States Capacity Utilization came in at 79%, above forecasts (78.6%) in April

United States Industrial Production (MoM) came in at 1.1%, above forecasts (0.5%) in April

US Dollar Index Price Analysis: A deeper pullback appears likely

GBP/USD rallies into upper 1.24s post-strong UK jobs data, eyes 21DMA in 1.25s despite rising Brexit risk

USD/MYR: Scope for a test of 4.4000 – UOB

AUD/USD Price Analysis: Bulls retain control post-US Retail Sales, below 0.7050 confluence

United States Redbook Index (YoY): 12.7% (May 13) vs previous 13.1%

Brexit News: EU's Šefčovič says EU has significant concerns about UK announcements of new NIP legislation

Fed's Bullard: 50 bps rate increases at the coming meetings are a good base case for now

United States Retail Sales ex Autos (MoM) registered at 0.6% above expectations (0.3%) in April

United States Retail Sales (MoM) came in at 0.9%, above forecasts (0.7%) in April

Canada Canadian Portfolio Investment in Foreign Securities fell from previous $-9.68B to $-23.98B in March

Canada Foreign Portfolio Investment in Canadian Securities rose from previous $7.44B to $46.94B in March

US: Retail Sales rise by 0.9% MoM in April vs. 0.9% expected gain

United States Retail Sales Control Group came in at 1%, above forecasts (0.5%) in April

Russia's Putin: We see problems being created for oil & gas investments

GBP/JPY clings to upbeat UK jobs data-led gains near one-week high, around mid-161.00s

UK CPI Preview: Forecasts from five major banks, shocker inflation

Fed's Bullard: Most pressing issue for Fed is inflation, labour market remains “super tight”

Gold Price Forecast: XAUUSD to fall further towards $1,691/77 – Credit Suisse

Brexit News: UK Foreign Secretary Truss announces UK will introduce legislation to change NIP

When are US monthly retail sales figures and how could they affect EUR/USD?

EUR/USD lurches above 1.0500 on hawkish ECB commentary, now eyes test of 21DMA

Chinese VP Lui He: China will suppport healthy development of the platform economy

ECB's Centeno: Normalisation of monetary policy is desired and must happen

EUR/JPY Price Analysis: Scope for extra upside near term

USD/THB risks a corrective move near term – UOB

ECB's Knot: 50 bps rate hike should not be excluded if data suggest inflation is broadening

Silver Price Analysis: XAG/USD stalled near 50% Fibo., bearish flag spotted on short-term charts

Indonesia: FX reserves extended the downside in April – UOB

EUR/USD: Bulls remain hungry with 1.0500 in sight

Gold Price Forecast: XAUUSD sticks to modest gains around $1,830, lacks follow-through

Russia's Rudenko: Talks with Kyiv are not going on in any form

United Kingdom 30-y Bond Auction: 2.04% vs 1.58%

USD/CNH: Short-term top in place? – UOB

Euro area GDP grows at an annualized rate of 5.1% in Q1 vs. 5% expected

GBP/USD rallies to near two-week high, eyeing 1.2500 ahead of US data/Fed's Powell

Italy Consumer Price Index (EU Norm) (YoY) below forecasts (6.6%) in April: Actual (6.3%)

Italy Consumer Price Index (EU Norm) (MoM) registered at 0.4%, below expectations (0.6%) in April

Italy Consumer Price Index (YoY) registered at 6%, below expectations (6.2%) in April

Italy Consumer Price Index (MoM) below forecasts (0.2%) in April: Actual (-0.1%)

FX option expiries for May 17 NY cut

European Monetary Union Gross Domestic Product s.a. (YoY) above expectations (5%) in 1Q: Actual (5.1%)

European Monetary Union Gross Domestic Product s.a. (QoQ) came in at 0.3%, above forecasts (0.2%) in 1Q

European Monetary Union Employment Change (QoQ) in line with expectations (0.5%) in 1Q

European Monetary Union Employment Change (YoY) came in at 2.6%, below expectations (2.7%) in 1Q

GBP/USD: Sellers unlikely to show interest as long as support at 1.2430 stays intact

AUD/CAD to slip another cent on a break under 0.8910 – Scotiabank

AUD/USD adds to hawkish RBA minutes-inspired gains, climbs further beyond 0.7000 mark

USD/TRY advances confidently towards 16.00, as the lira plunges

EUR/CAD needs to crack on above 1.3755 in order to rally – Scotiabank

US Dollar Index: Three reasons why DXY is unlikely to peak yet – BofA

Italy Trade Balance EU: €0.42B (March) vs €-0.115B

Italy Global Trade Balance came in at €-0.084B, above forecasts (€-1.62B) in March

S&P 500 Index: Bouts of weakness are the trend – Charles Schwab

The USD should be stronger for longer – HSBC

EUR/AUD: Resistances at 1.5395 and 1.5542 to cool the upside pressure – DBS Bank

USD/JPY: Shrinking bets for a drop below 127.50 – UOB

US Dollar Index extends the correction below 104.00 ahead of Powell, data

US Dollar Index to correct a little lower, 103.40 to hold – ING

USD/CAD remains depressed around 1.2825 area, over one-week low amid weaker USD

Silver Price Analysis: XAGUSD to plummet towards the $18.95/40 area – Credit Suisse

Netherlands, The Consumer Spending Volume: 11.2% (May) vs previous 13.8%

Netherlands, The Gross Domestic Product s.a (QoQ) came in at 0%, below expectations (0.2%) in 1Q

Netherlands, The Gross Domestic Product n.s.a (YoY) increased to 7% in 1Q from previous 6.5%

GBP/USD to surge towards 1.2500/2550 on a break past 1.2400/2410 – ING

EUR/CHF looks for a move back lower again while below 1.0492/0515 – Credit Suisse

EUR/NOK to adjust lower towards the 10.00 level – ING

NZD/USD now moved into a consolidative phase – UOB

USD/RUB Price Analysis: Further downside needs validation from 62.80

EUR/GBP slides to near two-week low, bears flirt with 200-DMA near 0.8445 area

EUR/USD could climb as high as 1.0550 – ING

USD/CNY: Sustained move above 6.8475 to clear the way towards the 7.00 level – Credit Suisse

Forex Today: Dollar extends correction ahead of key US data, Powell speech

Sterling to remain under depreciation pressure whichever way you look at it – Commerzbank

NZD/USD to regain some ground through the back half of the year – Westpac

GBP/JPY bulls attack 160.00 on upbeat UK employment data, firmer sentiment

India WPI Inflation came in at 15.08%, above forecasts (14.48%) in April

EUR/USD could move even lower before ECB July meeting – Commerzbank

GBP/USD extends falling wedge breakout towards 1.2400 on strong UK jobs report

UK: ILO Unemployment Rate declines to 3.7% in March vs. 3.8% expected

USD/JPY sees upside to near 130.00 as Fed-BOJ policy divergence deepens, US Retail Sales eyed

United Kingdom Claimant Count Rate fell from previous 4.3% to 4.1% in April

United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) in line with expectations (4.2%) in March

United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 7% above expectations (5.4%) in March

United Kingdom Claimant Count Change came in at -56.9K, below expectations (-38.8K) in April

United Kingdom ILO Unemployment Rate (3M) came in at 3.7%, below expectations (3.8%) in March

US Retail Sales Preview: Forecasts from eight major banks, a decent gain

Gold Price Forecast: XAUUSD unlikely to stage a meaningful recovery

USD/CNH sellers approach 6.7800 as options market run most bearish since August 2021

Natural Gas Futures: Green light for further upside

WTI Price Forecast: Bulls are firmer on Symmetrical Triangle breakout, $120.00 looks likely

Crude Oil Futures: Extra gains on the cards

Asian Stock Market: Covid, tech updates underpin cautious optimism amid growth fears

France ILO Unemployment below forecasts (7.4%) in 1Q: Actual (7.3%)

GBP/USD now faces strong resistance at 1.2400 – UOB

Gold Futures: Further upside not favoured

AUD/USD Price Analysis: Multiple hurdles set to test bulls above 0.7000

USD/IDR kisses 14,650 despite robust Indonesian trade surplus, US Retail Sales eyed

EUR/USD: Diminishing bets for a breakdown of 1.0340 – UOB

When are the UK jobs and how could they affect GBP/USD?

Gold Price Forecast: XAU/USD rebound remains elusive below $1,835 – Confluence Detector

USD/CHF Price Analysis: Bulls are firmer above 20-EMA, a fresh three-year high looks likely

Japan Tertiary Industry Index (MoM) registered at 1.3% above expectations (0.4%) in March

Indonesia Trade Balance came in at $7.56B, above forecasts ($3.25B) in April

Indonesia Imports came in at 21.97% below forecasts (34.97%) in April

Indonesia Exports registered at 47.76% above expectations (35.97%) in April

EUR/USD stays defensive around 1.0450 ahead of EU/US data, Fed’s Powell

GBP/USD marches towards 1.2350 ahead of UK Employment data

USD/INR Price News: Indian rupee bounces off 78.00 on firmer sentiment, Fed’s Powell eyed

USD/CAD Price Analysis: Eyes a pullback for a bargain sell around 1.2900

AUD/NZD oversteps 1.1070 on hawkish RBA, Aussie Employment data in focus

China State Planner: Economy faces increasing downward pressure

Gold Price Forecast: XAU/USD bulls eye $1,842 on firmer sentiment ahead of US data, Fed’s Powell

BOJ’s Amamiya: Important to continue current powerful easing to firmly back economy, people's livelihood

Japan’s FinMin Suzuki: Carefully watching FX impact on economy with sense of urgency

AUD/JPY Price Analysis: Sees further upside towards 50-DMA on RBA Minutes

RBA Minutes: A more hawkish consideration is putting a bid into the Aussie

AUD/USD renews intraday high around 0.7000 on RBA Minutes, US Retail Sales, Fed’s Powell eyed

USD/CNY fix: 6.7854 vs. the previous fix of 6.7871

EUR/USD Price Analysis: Bulls approach 1.0480-90 key resistance zone

USD/JPY crosses 129.00 as yields recover ahead of US Retail Sales, Fed’s Powell

GBP/USD Price Analysis: Bears waiting to take a bite out of bullish correction

NZD/USD Price Analysis: Kiwi bulls to attack 200-EMA, 0.6400 eyed

When are the RBA minutes and how might they affect AUD/USD?

US Treasury yields, stock futures remain defensive amid quiet Asian session

Shanghai sets out plans for end of a painful Covid-19 lockdown

Currencies. Daily history for Monday, May 16, 2022

ECB to hike deposit rate 25 bps in July, ditch negative rates by end-Sept – Reuters poll

Silver Price Analysis: XAG/USD pierces monthly hurdle around mid-$21.00s

EUR/JPY oscillates around 134.60 as investors await eurozone GDP

US Dollar Price Analysis: Bears in town and look for a deeper test of support territory

AUD/USD struggles below 0.7000 ahead of RBA Meeting Minutes, US Retail Sales

WTI bulls attack $112.00 as softer USD joins supply crunch fears ahead of API data

Gold Price Forecast: XAU/USD balances above $1,820 as DXY cripples, US Retail Sales eyed

US inflation expectations retreat towards late February lows

AUD/JPY Price Analysis: Bulls lift prices but face solid resistance around 91.00

GBP/JPY Price Analysis: Eases around 159.00 inside monthly falling channel, UK jobs eyed

EUR/USD struggles around 1.0440 ahead of US Retail Sales and Eurozone GDP

GBP/USD regains 1.2300 despite Brexit woes, BOE’s Bailey, focus on UK jobs, US Retail Sales

USD/CHF tumbles below 1.0020 as DXY weakens, the spotlight is on US Retail Sales

AUD/USD Price Analysis: Bulls are taking charge at critical daily resistance

USD/JPY struggles at around 130.00 and slips towards 129.00s on falling US yields

USD/CAD struggles around 1.2850 ahead of US Retail Sales, Canada Inflation in focus

Gold Price Forecast: XAU/USD bulls have a firm grip,

NZD/USD bulls taking on critical resistance, moving in on the 0.63 area

United States Net Long-Term TIC Flows dipped from previous $141.7B to $23.1B in March

United States Total Net TIC Flows down to $149.2B in March from previous $162.6B

Forex Today: Risk-off on pause, dollar retreats modestly

EUR/JPY Price Analysis: Approaches the neckline of the head-and-shoulders pattern around 134.70s

EUR/USD Price Analysis: Bulls take revenge, targeting 1.05 the figure in 50% mean reversion

Silver Price Forecast: XAG/USD rallies above $21.50 on falling US Treasury yields

GBP/USD Bulls move in for the kill, targeting a significant upside correction

Colombia Gross Domestic Product (YoY) above forecasts (7.7%) in 1Q: Actual (8.5%)

AUD/USD struggles around 0.6950, but will RBA’s minutes push bulls to reclaim 0.7000?

EUR/SEK points to 10.30 on a three-month view – Rabobank

USD/MXN Price Analysis: Mexican peso breaking trendline, looks to test 20.00