May 11, 2026 6:08 am
Key Moments USD/CHF traded near 0.7785 in the Asian session as the pair retained opening gains. The US rejected Iran’s response to its peace proposal, dampening expectations for a near-term truce. Traders are watching President Trump’s May 13-15 visit to China for potential developments related to Iran. Swiss Franc Slips as Risk-Off Flows Support the […]
Read moreMay 8, 2026 1:50 pm
Key Moments Bitcoin (BTC) traded below $80,000 on Friday after a rejection near $82,850 and a sharp reversal in spot ETF flows. Ethereum (ETH) and XRP remained under technical pressure, with ETH below key long-term averages and XRP stuck in a $1.30-$1.50 range. Bitcoin and Ethereum spot ETFs saw sizeable outflows on Thursday, while XRP […]
Read moreMay 8, 2026 10:39 am
Key Moments EUR/CAD traded around 1.6040 on Friday, marking a third consecutive session of gains. Germany’s seasonally adjusted Industrial Output fell 0.7% MoM in March, missing forecasts for a 0.5% increase and extending February’s revised 0.5% decline. West Texas Intermediate crude traded near $92.60 per barrel as easing US-Iran tensions weighed on oil and the […]
Read moreMay 8, 2026 10:28 am
Key Moments UK local election results show substantial losses for the ruling Labour Party, with some party members already urging Prime Minister Starmer to step down. ING’s Francesco Pesole highlights that GBP weakness began before early results, amid softer risk sentiment and potential politics-related positioning. With no political risk premium priced into EUR/GBP before the […]
Read moreMay 8, 2026 10:21 am
Key Moments GBP/JPY trades back above 213.00 on Friday. The cross is set to end the week close to where it started. Early UK local election results show Labour has lost control of eight councils. Reform UK has gained more than 350 local seats under partial counts. Japanese officials signal no limit on potential Yen-support […]
Read moreMay 8, 2026 10:12 am
Key Moments EUR/HUF dropped below 360 for the first time in four years following stronger-than-expected March activity data. Societe Generale analysts see the downtrend extending with downside projections at 352/350 and interim resistance near 368. Daily MACD remains deeply negative, signaling a stretched move but no clear signs of a rebound yet. Forint Rally Pressures […]
Read moreMay 8, 2026 9:10 am
Key Moments USD/CAD trades just above the mid-1.3600 area after retreating from a one-week high, ending a two-day advance. Traders remain cautious ahead of US Nonfarm Payrolls and Canadian labor market releases, while geopolitical uncertainty persists. Technical signals stay constructive, with USD/CAD above the 100-period SMA and key Fibonacci levels, and momentum indicators still pointing […]
Read moreMay 8, 2026 8:50 am
Key Moments NZD/USD traded near 0.5940 during Asian hours on Friday after recovering from earlier losses. Markets assigned low odds to an RBNZ rate hike in May, while fully pricing in a July increase amid inflation concerns. Traders monitored easing Middle East tensions and the upcoming US Nonfarm Payrolls report, forecast to show a 62K […]
Read moreMay 8, 2026 8:25 am
Key Moments EUR/USD trades with a mild bullish tone around 1.1730–1.1735 during Friday’s Asian session. It pauses after the previous day’s decline. However, uncertainty over a potential US–Iran peace deal weighs on sentiment. At the same time, renewed tensions in the Strait of Hormuz support the US Dollar. As a result, euro gains remain limited […]
Read moreMay 8, 2026 7:54 am
Key Moments USD/CHF traded around 0.7810 in Asian dealings on Friday, extending gains into a second session. US strikes near the Strait of Hormuz and subsequent responses from Iran kept geopolitical risk elevated, supporting a cautious market tone. Traders are focused on upcoming SECO Consumer Climate data in Switzerland and the US April jobs report, […]
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