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USD: April CPI print should keep the dollar supported - ING
FX markets are settling down after a lively Monday. It made sense for the Japanese yen and Swiss franc to sell off the hardest as Washington policy was re-appraised.
BoE's Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets "should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve."
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
GBP/USD pullback deepens after rejection at key resistance zone - Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.
US-China Trade: Stepping back from the brink - Standard Chartered
The worst of the US-China trade war is likely behind us, although we see twists and turns ahead. With a substantial reduction in tariffs, we now estimate a GDP impact of 0.6-1.0ppt from US tariffs.
USD: Just a guy, trying to change the world - Commerzbank
It looks like a stroke of genius. Nobody thought it was possible, but the Donald Trump administration has made it. In just one weekend of negotiations, tariffs between the US and China were reduced by 115 percentage points each.
EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys
EUR/JPY loses ground after registering more than 0.50% gains in the previous session, trading around 164.20 during the Asian hours on Tuesday. The currency cross remains subdued following the release of ZEW Economic Sentiment surveys from Germany and the Eurozone.
German ZEW Economic Sentiment Index rebounds to 25.2 in May vs. 11.9 expected
The headline German ZEW Economic Sentiment Index rebounded to 25.2 in May from -14 in April, beatimh the market consensus of 11.9 by a wide margin.
Gold price recovers as US-China trade agreement euphoria fades quickly
Gold (XAU/USD) rebounds and trades near $3,260 at the time of writing on Tuesday, recovering from the 2.65% drop the previous day after the US-China trade deal was announced.
Tariff pause provides short term relief - ING
Sentiment across risk assets improved with the pause in US-China tariffs, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Unlikely to break the major support at 1.1055 - UOB Group
Scope for Euro (EUR) to weaken further against the US Dollar (USD); any decline is unlikely to break the major support at 1.1055.
EUR: Cheaper levels - ING
At some points over the last six weeks, it felt like there was no point trying to pick a top in EUR/USD as overwhelming bearish sentiment on the dollar dominated.
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
The NZD/USD pair retraces its recent losses registered in the previous session, trading around 0.5890 during the European hours on Tuesday. The technical analysis of the daily chart suggests a neutral outlook, with the pair consolidating within a rectangular range.
ECB's Makhlouf: Uncertainty is weighing on investment
European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Tuesday that "uncertainty is weighing on investment; soft data pointing to a significant cooling in business and consumer sentiment."
USD/CAD steadies above 1.3950 due to trade optimism, expects a rise in US inflation
USD/CAD is aiming for its fifth straight daily gain, hovering near 1.3970 during Tuesday's European session.
EUR/USD trades with caution as US-China trade truce lifts US Dollar's demand
EUR/USD trades cautiously near a month low around 1.1100 during European trading hours on Tuesday.
Forex Today: US Dollar consolidates gains ahead of key inflation data
Here is what you need to know on Tuesday, May 13:
EUR/GBP remains above 0.8400 following UK Jobs data, ZEW Economic Sentiment Surveys eyed
EUR/GBP halts its six-day losing streak, trading around 0.8420 during the early European hours on Tuesday. The currency cross holds ground following the release of mixed employment data from the United Kingdom (UK).
China's Foreign Ministry says fentanyl issue is not their responsibility
When asked on Tuesday whether fentanyl would be discussed in trade talks moving forward, China's Foreign Ministry stated that the fentanyl issue is a US issue and not their responsibility.
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
ndian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 94.38, with the EUR/INR pair rising from its previous close at 94.11.
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