Market news

US April CPI: A a stark reminder that the Fed has a long road ahead – Wells Fargo

EUR/USD back to the 1.0550 area after sharp moves following US CPI

Re-acceleration in core prices to keep USD as the currency to beat for some time – TDS

USD/CNY: Yuan weakness in sight – Commerzbank

NZD/USD rallies to mid-0.6300s despite hot US CPI, but outlook for sustained rebound murky

Gold Price Forecast: XAUUSD to dive below $1,830 towards $1,790 on stubborn inflation – TDS

Turkey Treasury Cash Balance down to -43.67B in April from previous -40.61B

United States EIA Crude Oil Stocks Change registered at 8.487M above expectations (-0.457M) in May 6

WTI rallies back to $105.00s from brief dip under $100 as focus returns to geopolitics

EUR/CHF to strengthen moderately in the course of the year – Commerzbank

EUR/USD: The 1.05 and 1.06 figure areas remain solid support and resistance zones – Scotiabank

USD/TRY remains bid above 15.00, retreats from 2022 highs

US: Long yields likely to in six months – Danske Bank

USD/JPY Price Analysis: Ascending trend-line breakdown should pave the way for deeper losses

USD/CAD falls back from multi-month highs despite hot US CPI, now under 1.2950 as crude oil prices rise

GBP/USD rebounds from the post-US CPI low, jumps to mid-1.2300s amid fresh USD selling

Gold Price Analysis: XAU/USD slides back from earlier highs in the $1850s post-hot US CPI, 200DMA in focus

Silver Price Analysis: XAG/USD drops back under $21.50 after hotter than expected US inflation figures

EUR/USD: The 1.0500 region holds the bearish attempt following US CPI

AUD/USD retreats sharply from daily high, back around mid-0.6900s post-US CPI

United States Consumer Price Index Core s.a: 290.45 (April) vs 288.81

United States Consumer Price Index Core s.a increased to 290.455 in April from previous 288.81

United States Consumer Price Index ex Food & Energy (MoM) registered at 0.6% above expectations (0.4%) in April

Breaking: US annual CPI inflation falls to 8.3% in April versus 8.1% expected

United States Consumer Price Index (MoM) above forecasts (0.2%) in April: Actual (0.3%)

United States Consumer Price Index n.s.a (MoM) above expectations (288.654) in April: Actual (289.109)

United States Consumer Price Index ex Food & Energy (YoY) above forecasts (6%) in April: Actual (6.2%)

United States Consumer Price Index (YoY) came in at 8.3%, above expectations (8.1%) in April

ECB's Schnabel: There is a risk of high inflation becoming entrenched

GBP/JPY rebounds swiftly from two-week low, flat-lined around mid-160.00s

EUR/USD Price Analysis: Next on the upside comes 1.0641

GBP/USD subdued in mid-1.2300s pre-US CPI, despite negative Brexit headlines

Brazil IPCA Inflation came in at 1.06%, above expectations (1%) in April

No progress towards agreement on an EU embargo on Russian oil on Wednesday - WSJ

When is the US consumer inflation (CPI report) and how could it affect EUR/USD?

Brexit News: EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol

US Dollar Index Price Analysis: Extra side-lined trading looks likely

Brexit News: UK PM Johnson Spokesperson says Northern Ireland Protocol talks in a serious situation

EUR/JPY Price Analysis: No change to the consolidative theme

United States MBA Mortgage Applications fell from previous 2.5% to 2% in May 6

Malaysia: Labour market remains solid – UOB

Germany 10-y Bond Auction increased to 0.96% from previous 0.93%

USD/CHF slides further below 0.9900 mark amid weaker USD, focus remains on US CPI

Portugal Unemployment Rate dipped from previous 6.3% to 5.9% in 1Q

Portugal Consumer Price Index (MoM) remains at 2.2% in April

Portugal Consumer Price Index (YoY): 7.2% (April)

Gold Price Forecast: XAU/USD bounces off 200-DMA to regain $1,850, US inflation eyed

Indonesia: Economy seen expanding 4.8% in 2022 – UOB

NZD/USD recovers further from a near one-year low, climbs to mid-0.6300s ahead of US CPI

Morgan Stanley cuts India's GDP growth forecast for FY2023 and FY2024

EUR/USD looks firm and revisits the 1.0570 region, focus on US CPI

AUD/USD rallies 1% to recapture 0.7000 as USD sags ahead of US inflation

Gold Price Forecast: XAUUSD to only be moved by significantly surprising US CPI data – Commerzbank

USD/CAD corrects to 1.2970-1.2965 region amid rising oil prices, weaker USD

ECB's Vasle: Policy response must follow when circumstances change

USD/CNH: The 6.800 region now emerges on the horizon – UOB

US Dollar Index comes under pressure south of 104.00 ahead of key CPI

USD/TRY: Lira to come under renewed depreciation path – Commerzbank

EUR/PLN to trade sideways at around the 4.70 level through to year-end – Commerzbank

ECB's Lagarde: APP should be concluded early in the third quarter

Soft CPI print required to threaten the US dollar’s current bullish trend – MUFG

USD/JPY flirts with 130.00 mark, downside seems cushioned ahead of US CPI

GBP/USD to continue its downward trend in the months ahead – HSBC

USD usually retraces on Wednesdays, advances on Thursdays and Fridays – BofA

AUD/USD to suffer further sustained weakness on a weekly close below 0.6990/66 – Credit Suisse

ECB's de Guindos: Eurozone inflation to remain at 4%-5% at year-end

Dollar to consolidate near the highs barring soft US CPI monthly figures – ING

USD/CAD to confirm a medium-term turn higher on a weekly close above 1.0320/41 – Credit Suisse

EUR/CZK: Announcement of new CNB governor to hit the koruna – ING

ECB’s Nagel: Rising inflation expectations point to higher inflation rates

Gold Price Forecast: XAUUSD to tank towards $1,691/77 on a weekly close below $1,828 – Credit Suisse

Gold Price Forecast: XAUUSD jumps to $1,850 area amid weaker USD, focus remains on US CPI

EUR/USD: The 1.05 floors looks vulnerable – ING

USD/RUB Price Analysis: Justifies Tuesday’s Doji as bears attack 69.00

USD/JPY still seen within 128.40-131.00 – UOB

GBP/USD to see a technical correction towards 1.25 – ING

Natural Gas Futures: A deeper decline is not favoured

EU’s Dombrovskis: Members could still reach decision on Russian oil ban

Forex Today: Markets turn cautiously optimistic as focus shifts to US CPI

EUR/CHF to fall back lower again as 200-DMA at 1.0498 caps – Credit Suisse

GBP/USD sticks to modest intraday gains, upside potential seems limited ahead of US CPI

Euro to remain under pressure amid fears of energy crisis in the eurozone – Commerzbank

AUD/USD faces the next support at 0.6900 – UOB

FX option expiries for May 11 NY cut

AUD/JPY juggles around 90.70 despite Westpac Consumer Confidence drops, China’s inflation elevates

Treasury yields dribble, stock futures pare weekly losses with eyes on US inflation

GBP/USD stays on course to test support at 1.2072/1.2017 and probably lower – Credit Suisse

USD/INR: RBI to defend the 78.00 level in the short-term – Credit Suisse

NZD/USD: Rise in US inflation to trigger another wave of risk aversion, pummeling the kiwi – ANZ

Crude Oil Futures: Extra decline looks likely

EUR/USD to consolidate around 1.0485 ahead of further weakness – Credit Suisse

ECB’s Villeroy: Illusion of limitless and costless debt is very dangerous

ECB’s Muller: Central bank could outline rate hike plan for coming months in June

Germany Consumer Price Index (MoM) meets forecasts (0.8%) in April

EUR/USD Price Analysis: Picks up bids near 1.0550 inside weekly triangle

Germany Harmonized Index of Consumer Prices (YoY) meets expectations (7.8%) in April

Germany Consumer Price Index (YoY) meets expectations (7.4%) in April

Germany Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.7%) in April

Gold Price Forecast: XAU/USD to see a daily close below the 200-DMA at $1,836 on hot US CPI

USD/CNY to advance higher towards the 6.8475 mark – Credit Suisse

AUD/USD: Housing slowdown risks add to aussie downside potential – Credit Suisse

USD/CHF Price Analysis: Further downside hinges on 0.9930 break

EUR/GBP steadies around 0.8550 as investors await ECB’s Lagarde, Brexit NIP supports

Copper prices recover on USD pullback, firmer China data, US inflation eyed

GBP/USD: Risks remain tilted to the downside – UOB

Gold Futures: Room for further decline

Japan Leading Economic Index above forecasts (100.4) in March: Actual (101)

Japan Coincident Index registered at 97, below expectations (97.2) in March

EUR/USD: Selling pressure seen alleviated above 1.0620 – UOB

WTI Price Analysis: Off from day’s low as value-buying kicks in below $100.00

AUD/USD Price Analysis: Recovery fades below 0.7000 amid bearish RSI divergence

Gold Price Forecast: XAU/USD downside opening up towards $1,817 – Confluence Detector

GBP/USD rebound approaches 1.2350 on softer USD, Brexit relief ahead of US inflation

Asian Stock Market: Rebounds sharply as investors shrug off US Inflation fears

USD/JPY Price Analysis: Six-week-old rising channel defends bulls above 130.00

USD/INR Price News: Indian rupee recovery eyes 77.00 ahead of US inflation

EUR/USD balances below 1.0540 ahead of US Inflation and ECB’s Lagarde

NZD/USD Price Analysis: Kiwi bulls challenge 20-EMA, exhaustion signs indicate a bullish reversal

Commodities. Daily history for Tuesday, May 10, 2022

US: House votes 368-57 to pass $40 billion Ukraine bill

Gold Price Forecast: XAU/USD rebounds towards $1,850 as DXY eases ahead of US inflation

USD/KRW spikes to 1,280 after S. Korean Presi. Yoon voices concerns over inflation

USD/CNH Price Analysis: Retreats from weekly hurdle on firmer China CPI

GBP/USD Price Analysis: Bears in control, but daily M-formation could be a spanner in the works

US Inflation to peak at 8.5%, core CPI still expected up 0.4% in April – Societe Generale

AUD/USD flirts with 0.6950 despite upbeat China inflation, focus on US CPI

Breaking: Chinese inflation data beats but does little to move the needle in an embattled AUD

China Consumer Price Index (MoM) came in at 0.4%, above expectations (0.2%) in April

China Consumer Price Index (YoY) registered at 2.1% above expectations (1.8%) in April

China Producer Price Index (YoY) above forecasts (7.7%) in April: Actual (8%)

US Dollar Index struggles to overstep 104.00 as US Inflation pauses FX domain

USD/CNY fix: 6.7290 vs. the estimate at 6.7339 and last close of 6.7343

US inflation expectations slump to 10-week low ahead of CPI release

USD/CAD Price Analysis: Bulls running out of steam above 1.3000

AUD/USD Price Analysis: Longer-term 'Shorts' eye a run to June 2020 lows, 0.6776

Australia Westpac Consumer Confidence fell from previous -0.9% to -5.6% in May

NZD/USD sustains below 0.6300 on souring market mood, US Inflation eyed

EUR/USD floats above 1.0500 on dicey markets ahead of US/Germany inflation, ECB’s Lagarde

Stocks. Daily history for Tuesday, May 10, 2022

Currencies. Daily history for Tuesday, May 10, 2022

Gold Price Forecast: XAU/USD plummets below $1,840 ahead of US CPI, 200-EMA surrenders

USD/JPY fades bounce off weekly low past-130.00 with eyes on US inflation

Japan JP Foreign Reserves fell from previous $1356.1B to $1322.2B in April

AUD/NZD Price Analysis: Bulls looking for a fresh surge to the upside

Silver Price Analysis: XAG/USD bears eye 200-week SMA

EUR/JPY stuck around 137.30 ahead of ECB’s Lagarde, Germany HICP eyed

BoE must raise rates to 2.5% next year to curb inflation, says think-tank – FT

Fed’s Bostic: The US GDP will increase by 2.6% this year

South Korea Unemployment Rate came in at 2.7%, below expectations (3.6%) in April

GBP/JPY Price Analysis: Will a head-and-shoulders in the daily chart push the price towards 152.00?

GBP/USD steadies around 1.2300 as investors await US CPI, Brexit NIP jitters

WTI renews fortnight low near $98.00 on API inventories, focus on inflation, EIA data

AUD/USD seesaws around yearly low near 0.6900, US/China inflation, Aussie data eyed

USD/CHF Price Analysis: Advances towards 1.0000 on perpendicular 20-EMA

AUD/JPY Price Analysis: Pierced the 90.00 mark but consolidates around 90.30s ahead of Australia's data

EUR/USD Price Analysis: redistribution taking shape?

USD/CAD established above 1.3000 ahead of US inflation, oil skids below $100.00

United States API Weekly Crude Oil Stock increased to 1.618M in May 6 from previous -3.479M

US President Biden: Could drop some of the tariffs imposed against Chinese imports to lower inflation

Gold Price Forecast: XAU/USD slumps to fresh weekly lows and pierces the 200-DMA around $1835

NZD/USD bears stay in control for fresh bear cycle lows

USD/JPY Price Analysis: Bulls meeting tough resistance from bears despite bull flag

Forex Today: US inflation will seal the dollar’s fate

EUR/GBP Price Analysis: Consolidates around 0.8550-80 as bull’s eye 0.8600

Fed's Mester: After half point increases in June and July Fed will “have to see” what more is needed

Gold Price Forecast: XAU/USD bears taking on critical daily support

AUD/USD meanders at around 0.6950s, ahead of Australian Retail Sales

Fed's Waller: This is the time to hit it with rate increases

United States 3-Year Note Auction up to 2.809% from previous 2.738%

EUR/USD is trapped in the 1.0500-1.0640 as Fed speakers lay the ground for 50-bps rate hikes

EUR/USD: Euro is far from being out of the woods – Rabobank

GBP/USD turns negative as risk aversion returns