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US annual PPI inflation rises to 2.2% in April as expected
The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Tuesday.
US Dollar holds above 105.00 as tensions build towards CPI release
The US Dollar (USD) is not making any big waves on Tuesday after a rather dull Monday. The only main takeaway were comments from Federal Reserve (Fed) Vice Chair Philip Jefferson, who said that rates need to stay higher for longer. All eyes will be
USD/JPY advances to 156.50 ahead of US Inflation and Japan's Q1 GDP
The USD/JPY pair extends its upside to 156.50 in Tuesday's European session.
Natural Gas as a longer-term investment might not work
Natural Gas price (XNG/USD) has given traders a nice run, rallying 40% since the end of March. This movement partially came on the back of Israel and its continuing attacks on Gaza. With pressure building from world leaders, calling out Israel to at leas
USD/CAD Price Analysis: Stuck in tight range below 1.3700
The USD/CAD pair stays on sidelines below the round-level resistance of 1.3700 in Tuesday's European session.
Limited scope for ECB interest rate cuts - Commerzbank
Dr. Marco Wagner, Senior Economist at Commerzbank, notes that there is virtually no doubt that the European Central Bank (ECB) will lower key interest rates in June but argues that the ECB will hardly be able to lower the deposit rate below 3%.
US monthly core CPI to slow to a 0.3% pace - TD Securities
Analysts at TD Securities preview the upcoming Consumer Price Index (CPI) and Retail Sales data from the US.
EUR/USD falls slightly from 1.0800 ahead of crucial US and Eurozone economic data
EUR/USD falls slightly below the round-level resistance of 1.0800 in Tuesday's European session.
USTR: Further action required beyond tariff changes to address China's unfair policies
United States Trade Representative Katherine Tai announced on Tuesday that she will be proposing modifications to China tariffs and will continue to work with partners to continue to expand opportunities for US workers and manufacturers, per Reuters.
German ZEW Economic Sentiment Index improves to 47.1 in May from 42.9 in March
The headline German ZEW Economic Sentiment Index improved to 47.1 in May from 42.9 in April.
Gold finds a floor as geopolitical risk catalyzes demand
Gold price (XAU/USD) stabilizes in the $2,330s on Tuesday as geopolitical risks continue to stoke demand for the safe-haven asset.
GBP/JPY moves below 196.00 after snapping a six-day winning streak
GBP/JPY snaps its six-day winning streak, trading around 195.90 during the European session on Tuesday.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
India Gold price today: Gold falls, according to MCX data
Gold prices fell in India on Tuesday, according to data from India's Multi Commodity Exchange (MCX).
BoE's Pill: Still some work to do on inflation persistence
Bank of England (BoE) Chief Economist Huw Pill said on Tuesday that they still have some work to do on inflation persistence, as reported by Reuters.
FX option expiries for May 14 NY cut
FX option expiries for May 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0650 1.9b 1.0665 563m 1.0675 704m 1.0690 810m 1.0695 416m 1.0750 1.5b 1.0760 409m 1.0800 1.5b 1.0850 1.2b - GBP/USD: GBP amounts 1.2495 919m 1.2500 1.1b 1.2525 680m 1.2650 726m 1.2655 1.1b - USD/CHF: USD amounts 0.9000 521m 0.9100 1.9b - USD/JPY: USD amounts 155.15 602m - AUD/USD: AUD amounts 0.6515 1.8b 0.6590 2.2b 0.6600 577m 0.6700 648m - USD/CAD: USD amounts 1.3700 735m 1.3755 579m .
Silver Price Forecast: XAG/USD rises to near $28.50 due to escalated geopolitical tensions
Silver price extends its gains for the second consecutive session, trading around $28.30 per troy ounce during the early European session on Tuesday.
Mexican Peso hits a ceiling on global trade concerns
The Mexican Peso (MXN) meets resistance in its upwards climb on Tuesday - and pulls back - possibly due to growing concerns about the fragmentation of international trade that could especially hit export-based emerging-market economies like Mexico.
Pound Sterling steadies after mixed UK Employment report
The Pound Sterling (GBP) remains in a confined range of around 1.2560 in Tuesday's London session as investors take time to analyse the United Kingdom Employment data for three months ending in March.
EUR/GBP remains capped below 0.8600 following UK employment data
The EUR/GBP cross trades on a softer note near 0.8590 during the early European trading hours on Tuesday.
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