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USD/CHF stuck between 0.8180–0.8300 as buyers fail to sustain breakout above resistance.RSI remains bearish; a break below 0.8200 could expose the May 7 low and YTD trough at 0.8034.Bulls must reclaim 0.8250 to retest 0.8300 and challenge the 50-day SMA at 0.8376.USD/CHF trades subdued on Friday after a US report showed that inflation is approaching the Federal Reserve’s (Fed) 2% goal. Meanwhile, US President Trump complained about the slow negotiations between Beijing and Washington, which have roiled the markets. However, he stated that he would speak with China’s President Xi Jinping to help resolve the issue. The pair is trading…

EUR/USD is lifted by softer US PCE, but core inflation remains sticky between 2%–3%.Trump reignites China tensions, appeals tariff ruling; “Sell America” trade gains traction.German retail sales plunge, while ECB rate cut odds rise ahead of June 5 policy meeting.The Euro (EUR) remains steady against the US Dollar (USD) on Friday after a softer-than-expected US Personal Consumption Expenditures (PCE) Price Index, which was close to the Federal Reserve’s (Fed) 2% goal, lifted the pair from daily lows of 1.1312. EUR/USD is trading at 1.1361, virtually unchanged on the day.Market mood remains fragile, shifted between optimism and pessimism, keeping US equities…

EUR/GBP steadies on German Retail Sales and Inflation data.The Eurozone faces pressure as the ECB reassesses its potential interest rate path.The British Pound fails to extend gains despite rising inflation and a positive growth outlook.The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.This week has seen notable contrasts between the United Kingdom and the Eurozone, particularly as markets factor in how the Bank of England (BoE) and the European Central Bank (ECB) are likely to approach the coming months.Germany’s Retail Sales figures send mixed signals…

Yields of the 10-year benchmark climbed four basis points higher at 6.29%, as traders increased bets on a shallower rate easing cycle after Friday’s data showed the economy expanded 6.5% for FY25.Many traders now believe the terminal policy rates would be higher – at 5.50%-5.75%.Soon after trading ended, the Reserve Bank of India (RBI) also announced Rs 25, 000 crore of bond buybacks – a measure aimed at infusing durable liquidity in the system.A section of money market traders had factored a terminal policy rate of 5% – 5.25% on expectation that GDP would grow at 6.3%. The repo rate,…

The concept of ‘US exceptionalism’ covers many specific themes. For academics it may have referred to the US’s ability to attract bright minds from around the world and generate cutting edge research. Combined with the country’s entrepreneurial culture and venture capital infrastructure, this has helped it to spawn and grow most of the world’s largest tech companies. In turn tech has enabled US labour productivity in the US to grow at a faster pace than its peers, Rabobank’s FX analyst Jane Foley reports. Creditor countries gain as ‘Sell America’ theme takes hold”In recent years, strong labour productivity has helped the…

CTAs will continue to sell crude and industrial metals (x-copper) in most scenarios for prices by this time next week. In the imminent term, CTA selling activity will continue to weigh on price action into the OPEC meeting, TDS’ Senior Commodity Strategist Daniel Ghali notes. Energy demand remains resilient”While markets will struggle to absorb additional barrels from OPEC+, energy demand remains resilient, US shale production is peaking, Venezuelan export licenses have expired, and geopolitical risks surrounding Iran remain elevated— all of which will likely act as a shock absorber to lower prices for the time being.””Beyond the seasonally strong summer…

This is one of those moments where Gold markets are offering a gift, TDS’ Senior Commodity Strategist Daniel Ghali notes. Gold is ‘overbought but underowned’ in market perception”Aggregate open interest in CME Gold is now approaching extreme lows (425k) that have historically marked lows in Gold prices—despite a compelling macro case for Gold. This underscores our view that Gold is perceived as a crowded trade, but is in fact under-owned. This is particularly surprising amid the ongoing megatheme-Gold’s rally is associated with the USD partly losing its store of value function.” “Gold’s rally isn’t about demand, it’s about trust. We expect aggregate…

Silver price looks for a temporary support after sliding almost 1% to near $33.00 as trade tensions between the US and China have renewed.Trump accused China for non-compliance of trade agreement.The US PCE inflation cools down in April.Silver price (XAG/USD) is down almost 1% near the key level of $33.00 during North American trading house on Friday. However, the white metal strives to gain ground as renewed trade tensions between the United States (US) and China are limited the upside in the US Dollar (USD).The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles to…

The Pound Sterling rebounds to near 1.3475 against the US Dollar after Trump stated that China has violated trade agreement.A US federal appeals court temporarily puts on hold a lower court’s ruling against Trump’s tariffs.The US PCE inflation data for Apri has shown that inflationary pressures grew moderately.The Pound Sterling (GBP) claws back some of its early losses against the US Dollar (USD) and recovers to near 1.3470 during Friday’s North American session. The GBP/USD pair rebounds as the US Dollar gives up a part of initial gains after a post from United States (US) President Donald Trump on Truth.Social…

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday.Developing story, please refresh the page for updates.This section below was published as a preview of the US Personal Consumption Expenditures (PCE) Price Index data for April at 06:00 GMT.The core Personal Consumption Expenditures Price Index is expected to rise 0.1% MoM and 2.5% YoY in April.Markets expect the Federal Reserve to hold the policy setting unchanged in June.Annual PCE inflation is forecast…