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AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
The AUD/USD pair breaks its three-day winning streak, trading around 0.6480 during the European hours on Wednesday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Technical Analysis
Majors
AUDUSD
US-China trade talk hopes push oil higher – ING
US-China trade talk hopes push oil higher – ING
News that the US and China will start trade talks this weekend has Brent crude trading higher, extending a relief rally in oil yesterday. Talks would be a sign of potential de-escalation in trade tensions.
Oil
China
Energy
Banks
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
Eurozone Retail Sales rise 1.5% YoY in March vs. 1.6% expected
Eurozone Retail Sales rise 1.5% YoY in March vs. 1.6% expected
The Eurozone’s Retail Sales increased 1.5% year-over-year in March, following a revised 1.9% growth in February, according to official data released by Eurostat on Wednesday. Markets estimated a 1.6% figure.
EURUSD
Eurozone
RetailSales
EconomicIndicator
Eurozone March retail sales -0.1% vs 0.0% m/m expected
Eurozone March retail sales -0.1% vs 0.0% m/m expected
Latest data released by Eurostat - 7 May 2025
USD: Dollar rally unimpressive so far – ING
USD: Dollar rally unimpressive so far – ING
Last night's news that the US and China would begin formal trade talks on 10-11 May to de-escalate the tariff war saw the dollar briefly spike 0.4/0.5%.
Technical Analysis
Banks
DollarIndex
China: Imports come into play – Standard Chartered
China: Imports come into play – Standard Chartered
China’s exports likely to plunge, but imports may also slow, mitigating the tariff impact on net exports. Import intensity has been falling due to ‘onshoring’ of production and economic rebalancing.
China
TradeBalance
Banks
PrimeXBT Expands MT5 Offering with Over 100 New Trading Instruments
PrimeXBT Expands MT5 Offering with Over 100 New Trading Instruments
Forum Diskusi Berita
Oleh Finance Magnates
PrimeXBT Expands MT5 Offering with Over 100 New Trading Instruments
57 additional Forex pairs covering minors, crosses, and exotics & 8 new indices were added
US Dollar Index holds gains near 99.50 ahead of Fed decision, awaits Powell’s remarks
US Dollar Index holds gains near 99.50 ahead of Fed decision, awaits Powell’s remarks
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.
DollarIndex
UnitedStates
Macroeconomics
Majors
Fed
EURUSD consolidates at a key support zone as we await the next catalyst
EURUSD consolidates at a key support zone as we await the next catalyst
The EURUSD pair hasn't done much for almost a month as the market continue to wait for the next key catalyst to pick a direction
EUR
USD
Two More Prop Firms Open CFD Brokerage in Saint Lucia to Offer MetaTrader 5
Two More Prop Firms Open CFD Brokerage in Saint Lucia to Offer MetaTrader 5
Forum Diskusi Berita
Oleh Finance Magnates
Two More Prop Firms Open CFD Brokerage in Saint Lucia to Offer MetaTrader 5
. . MetaTrader undoubtedly remains the dominant platform among retail traders. This is perfectly illustrated by the efforts of prop firms which, after more than a year's hiatus from offering the po...
prop firms
proprietary trading
Metatrader 5
metaquotes
GBP: Trade deals can help – ING
GBP: Trade deals can help – ING
Sterling is trading steadily, but politics should be supportive this month. We've already seen a new UK-Indian trade deal announced yesterday, but speculation is rising that a US-UK trade deal could be reached this week, ING's FX analyst Chris Turner notes.
Technical Analysis
Banks
GBPUSD
EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group
EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group
Price action did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade between 1.1290 and 1.1390 vs US Dollar (USD).
Technical Analysis
EURUSD
Banks
UK April construction PMI 46.6 vs 45.8 expected
UK April construction PMI 46.6 vs 45.8 expected
Latest data released by S&P Global - 7 May 2025
EUR: Weakened Merz doesn't do too much damage – ING
EUR: Weakened Merz doesn't do too much damage – ING
It's been quite an attractive story to tell that if German fiscal expansion caused the EUR/USD exchange rate to rise significantly in March (from 1.04 to 1.09), then a weakened Friedrich Merz should see EUR/USD fall a few figures back, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
Blackbird Hops Onboard the Airwallex Rocket with a $60M Agreement
Blackbird Hops Onboard the Airwallex Rocket with a $60M Agreement
Forum Diskusi Berita
Oleh Finance Magnates
Blackbird Hops Onboard the Airwallex Rocket with a $60M Agreement
Blackbird, Australia’s VC juggernaut joins the Airwallex party with a reported $60M investment as the fintech sits at $6 billion-plus valuation.
Airwallex
Blackbird
USD/CHF rises above 0.8250 as traders expect Fed to leave rates unchanged
USD/CHF rises above 0.8250 as traders expect Fed to leave rates unchanged
USD/CHF halts its three-day losing streak, hovering around 0.8250 during Wednesday’s European session as the US Dollar (USD) gains traction.
Majors
USDCHF
SNB
Switzerland
Macroeconomics
China gold reserves rise for sixth straight month
China gold reserves rise for sixth straight month
The PBOC continues to steadily increase its gold holdings
Gold
EUR/USD trades flat with Fed’s monetary policy on the horizon
EUR/USD trades flat with Fed’s monetary policy on the horizon
EUR/USD flattens near 1.1370 during North American trading hours on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades flat ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
ECB
China
EURUSD
Fed
SEO
The market could be dead wrong on rate cuts if this scenario plays out
The market could be dead wrong on rate cuts if this scenario plays out
Trade negotiations are key and will be the main factor in interest rates repricing
market overview
Tickmill Veteran Exits After 8-Year Tenure for Deriv Position
Tickmill Veteran Exits After 8-Year Tenure for Deriv Position
Forum Diskusi Berita
Oleh Finance Magnates
Tickmill Veteran Exits After 8-Year Tenure for Deriv Position
Loukas Priovolos has taken on a new role as Financial Reporting Manager at Deriv, following an eight-year tenure at Tickmill where he most recently served as Group Financial Controller.
China: Meeting with the US on trade is at the US' request
China: Meeting with the US on trade is at the US' request
Headlines crossed from China on Wednesday, with Beijing clarifying that the “meeting with the US on trade is at the US' request.”
China
TradeWar
UnitedStates
DollarIndex
Germany April construction PMI 45.1 vs 40.3 prior
Germany April construction PMI 45.1 vs 40.3 prior
Latest data released by HCOB - 7 May 2025
China reaffirms that its position on talks has not changed
China reaffirms that its position on talks has not changed
Further remarks by the Chinese commerce ministry
How China has been preparing itself ahead of this tariffs eventuality with the US
How China has been preparing itself ahead of this tariffs eventuality with the US
China had been making moves since the turn of the year already
Ethereum Futures Analysis. Breakout May Happen Soon!
Ethereum Futures Analysis. Breakout May Happen Soon!
Analyzing Ethereum Futures price movement, showing signs of moderate bullish momentum with key levels to watch for potential breakout. Order Flow Intel highlights buyer support and bullish bias, suggesting a positive trend ahead.
OrderFlow Intel
ETH Technical Analysis
ETH
China says meeting with the US on trade is at the US' request
China says meeting with the US on trade is at the US' request
Beijing making sure the world knows that it is not the one who blinked first
European equities lightly lower to start the session
European equities lightly lower to start the session
Hope for US-China de-escalation is not quite leading to a glow in the broader risk mood
Stocks
USDJPY Technical Analysis – Will the Fed push back against the dovish pricing?
USDJPY Technical Analysis – Will the Fed push back against the dovish pricing?
The USDJPY pair erased most of last week’s gains as some disappointing tariff headlines hit the sentiment. What’s next?
JPY
USD
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.27, with the EUR/INR pair rising from its previous close at 95.85.
India
FINOM Tops $200 Million in Funding With New General Catalyst Deal
FINOM Tops $200 Million in Funding With New General Catalyst Deal
Forum Diskusi Berita
Oleh Finance Magnates
FINOM Tops $200 Million in Funding With New General Catalyst Deal
The Dutch banking provider Finom has secured $105 million (€92 million) in growth funding from General Catalyst's Customer Value Fund, the company announced today (Wednesday).
FINOM
funding round
payment
Forex Today: All eyes on Fed rate decision, Powell presser
Forex Today: All eyes on Fed rate decision, Powell presser
Here is what you need to know on Wednesday, May 7:
Currencies
Majors
EconomicIndicator
Commodities
Macroeconomics
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.
Metals
Palladium
Commodities
France March trade balance -€6.25 billion vs -€7.87 billion prior
France March trade balance -€6.25 billion vs -€7.87 billion prior
Latest data released by the French MOF - 7 May 2025
Sucden Financial Boosts Dividend by 50% as Return on Capital Nearly Doubles
Sucden Financial Boosts Dividend by 50% as Return on Capital Nearly Doubles
Forum Diskusi Berita
Oleh Finance Magnates
Sucden Financial Boosts Dividend by 50% as Return on Capital Nearly Doubles
Sucden Financial Limited has released its full annual report for the year ended December 31, 2024, revealing better financial condition and strategic expansion beyond the headline figures announced...
My Forex Funds Case Takes a New Turn: CFTC Sends Involved Staff on “Administrative Leave”
My Forex Funds Case Takes a New Turn: CFTC Sends Involved Staff on “Administrative Leave”
Forum Diskusi Berita
Oleh Finance Magnates
My Forex Funds Case Takes a New Turn: CFTC Sends Involved Staff on “Administrative Leave”
The US Commodity Futures Trading Commission (CFTC) has placed four lawyers and one investigator on administrative leave due to allegations of misconduct in the fraud case against Traders Global Gro...
my forex funds
prop firms
FX option expiries for May 7 NY cut
FX option expiries for May 7 NY cut
FX option expiries for May 7 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
EURUSD
Options
What are the main events for today?
What are the main events for today?
The FOMC policy decision is the only highlight
market overview
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $59.35 per barrel, up from Tuesday’s close at $58.71.
Oil
WTI
Commodities
Bullish
Eurostoxx futures +0.1% in early European trading
Eurostoxx futures +0.1% in early European trading
Light changes in Europe ahead of the open
Stocks
Broker Rebates