ไทม์ไลน์ข่าวสาร forex

06:14 NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD halts its two-day losing streak, trading around 0.5890 during the Asian hours on Friday. The pair advances after the release of the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for Q2 2025.

06:09 RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q1 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.

06:01 New Zealand RBNZ Inflation Expectations (QoQ): 2.29% (2Q) vs 2.06%
New Zealand RBNZ Inflation Expectations (QoQ): 2.29% (2Q) vs 2.06%

05:35 Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday’s Asian trading hours.

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The metal is under pressure, possibly due to a Financial Times report indicating that the Trump administration plans to add several Chinese semiconductor companies to its export blacklist, known as the "entity list." Silver’s growing connection to the chipmaking industry—owing to its essential role in electronics and semiconductor production—is amplifying the market’s sensitivity to such developments.Meanwhile, safe-haven demand for precious metals, including Silver, has softened amid signs of easing global trade tensions. The US and China have reportedly reached a preliminary agreement to significantly reduce tariffs. According to the proposed deal, the US would lower tariffs on Chinese imports from 145% to 30%, while China would cut its tariffs on US goods from 125% to 10%. This breakthrough is viewed as a positive move toward de-escalating trade frictions between the two economic powerhouses.Despite the recent pullback, Silver’s downside may be limited as the US Dollar (USD) weakens following economic data that increased expectations of potential Federal Reserve (Fed) rate cuts in the near term. Lower US interest rates generally support Silver prices, as they reduce the opportunity cost of holding non-yielding assets like precious metals.However, Fed Chair Jerome Powell warned that inflation may become more unpredictable due to more frequent supply shocks, which could complicate the Fed’s efforts to maintain price stability moving forward. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

05:29 Japanese Yen advances to fresh weekly top against USD despite weaker GDP
The Japanese Yen (JPY) scales higher against its American counterpart for the fourth straight day and touches a fresh weekly top during the Asian session on Friday.

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Bets for more rate cuts by the Fed keep the USD depressed and weigh on USD/JPY. The Japanese Yen (JPY) scales higher against its American counterpart for the fourth straight day and touches a fresh weekly top during the Asian session on Friday. The JPY buying remains unabated following Japan's weaker-than-expected Q1 GDP print amid the growing acceptance that the Bank of Japan (BoJ) will hike interest rates again. Furthermore, trade negotiations between the US and Japan appear to be progressing as officials continue to meet regularly, which turns out to be another factor lending support to the JPY.The aforementioned factors overshadow the latest optimism led by receding fears of an all-out global trade war, which recently drove investors toward risk assets and away from traditional safe-haven assets, including the JPY. The US Dollar (USD), on the other hand, continues with its struggle to attract buyers as signs of easing inflationary pressures and weaker consumer spending data reaffirmed bets for more rate cuts by the Federal Reserve (Fed). This marks a sharp divergence from hawkish BoJ expectations and favors the JPY bulls. Japanese Yen bulls shrug off weaker Q1 GDP print amid BoJ rate hike betsThe preliminary reading released by Japan’s Cabinet Office earlier this Friday showed that the economy contracted by 0.2% in the first quarter of 2025 compared to a 0.1% decline expected and a growth of 0.6% in the previous quarter. On an annualized basis, Japan’s Gross Domestic Product (GDP) shrank much more than consensus estimates, by 0.7% during the January to March period – marking the first decline in a year.The Bank of Japan's April 30-May 1 Summary of Opinions released earlier this week revealed that policymakers haven't given up on hiking interest rates further. Moreover, some BoJ board members saw scope to resume rate hikes after a temporary pause if developments over U.S. tariffs stabilise. Moreover, BoJ Deputy Governor Shinichi Uchida signaled the central bank’s resolve to maintain its rate-hike stance on Tuesday. A Reuters survey published on Thursday indicated that most economists expect that the BoJ will hold interest rates through September, although a slight majority still see at least a 25-basis-point hike by the end of this year. This comes amid reports that Japan's top trade negotiator, Ryosei Akazawa, could travel to Washington as soon as next week for a third round of trade talks with the US, underpinning the Japanese Yen. The report further stated that Japan is considering a package of proposals to gain US concessions. Moreover, Akazawa said that the government will continue to demand review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms. Earlier, Japan’s Finance Minister Shunichi Kato said that he would seek to meet US Treasury Secretary Scott Bessent to discuss foreign exchange in line with points agreed in prior talks.The US and China agreed to de-escalate the potentially damaging trade war and slash steep tariffs for at least 90 days. Adding to this, US President Donald Trump said this week that he could see himself dealing directly with Chinese President Xi Jinping on details of a trade pact. This, along with prospects for further policy easing by the Federal Reserve, remains supportive of a positive risk tone, though it does little to impact the safe-haven JPY. The US Bureau of Labor Statistics showed on Thursday that the US Producer Price Index (PPI) declined 0.5% in April and rose 2.4% on a yearly basis. Furthermore, the annual core PPI rose 3.1% during the reported month, down from 4% in March. The softer-than-expected prints suggested a decrease in the prices of goods sold by manufacturers, which can be a precursor to a dip in the overall consumer price inflation.Separately, the US Department of Commerce stated that Retail Sales rose slightly by 0.1% in April compared to the previous month's upwardly revised growth of 1.7%. This increases the likelihood that the US economy will experience several quarters of sluggish growth and boosts bets for more interest rate cuts by the Federal Reserve, dragging the US Treasury bond yields sharply lower and keeping the US Dollar bulls on the defensive. USD/JPY could weaken further below 145.00 and test the 200-period SMA on the H4 timeframeFrom a technical standpoint, the intraday downfall drags the USD/JPY pair below the 38.2% Fibonacci retracement level of the recent goodish recovery from the year-to-date low. Given that oscillators on the daily chart have just started gaining negative traction, acceptance below the 145.00 psychological mark could drag spot prices to the 144.55 area. The latter represents the 200-period Simple Moving Average (SMA) resistance breakpoint on the 4-hour chart, which is closely followed by the 50% Fibo. level, around the 144.30 region. A convincing break below the said support levels might shift the near-term bias back in favor of bearish traders and pave the way for deeper losses.On the flip side, the Asian session peak, around the 145.70 region, now seems to act as an immediate hurdle ahead of the 146.00 round figure. Any further move up could be seen as a selling opportunity and remain capped near the 146.60 area, or the 23.6% Fibo. level. A sustained move beyond the latter, however, might trigger a short-covering rally and lift the USD/JPY pair beyond the 147.00 mark, towards the 147.70 intermediate hurdle en route to the 148.00 round figure. Economic Indicator Gross Domestic Product (QoQ) The Gross Domestic Product (GDP), released by Japan’s Cabinet Office on a quarterly basis, is a measure of the total value of all goods and services produced in Japan during a given period. The GDP is considered as the main measure of Japan’s economic activity. The QoQ reading compares economic activity in the reference quarter to the previous quarter. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish. Read more. Last release: Thu May 15, 2025 23:50 (Prel) Frequency: Quarterly Actual: -0.2% Consensus: -0.1% Previous: 0.6% Source: Japanese Cabinet Office

05:21 USD/INR slumps as lower crude oil prices support Indian Rupee
The Indian Rupee (INR) recovers some lost ground, snapping the three-day losing streak on Friday. A fall in crude oil prices amid reports that the US and Iran are getting closer to a deal on the country’s nuclear program provides some support to the INR.

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Lower crude oil prices underpin the INR, but persistent interbank USD demand and foreign fund outflows might cap its upside. Traders await the US housing data and the preliminary University of Michigan Consumer Sentiment Index report.The Indian Rupee (INR) recovers some lost ground, snapping the three-day losing streak on Friday. A fall in crude oil prices amid reports that the US and Iran are getting closer to a deal on the country’s nuclear program provides some support to the INR. It’s worth noting that India is the world's third-largest oil consumer, and lower crude oil prices tend to have a positive impact on the INR value.However, the renewed US Dollar (USD) demand from importers and continued foreign fund outflows could weigh on the Indian currency. Later on Friday, traders brace for the US Building Permits, Housing Starts and the preliminary University of Michigan Consumer Sentiment Index. The Federal Reserve (Fed) official Thomas Barkin is scheduled to speak later in the same day. Indian Rupee gathers strength on softer crude pricesThe dollar-rupee overnight swap rate also dipped, pointing to heightened demand for cash dollars, which typically indicates a pickup in outflows, a trader said. India has sought to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9 on tariff hikes for major trading partners.The US Producer Price Index (PPI) rose 2.4% YoY in April, following the 2.7% increase in March, according to the Bureau of Labor Statistics on Thursday. This figure came in below the market expectation of 2.5%.The US Initial Jobless Claims for the week ending May 10 came in at 229K, compared to the previous week's revised tally of 229K (revised from 228K), according to the US Department of Labor (DOL) on Thursday. This reading matched initial estimates. Continuing Jobless Claims went up by 9K to reach 1.881M for the week ending May 3.USD/INR holds a bearish tone under the 100-day EMAThe Indian Rupee trades firmer on the day. The negative view of the USD/INR pair remains in play, characterized by the price being above the key 100-day Exponential Moving Average (EMA) on the daily chart. Nonetheless, the 14-day Relative Strength Index (RSI) hovers around the midline, suggesting further consolidation or temporary recovery cannot be ruled out.The initial support level for USD/INR emerges at 84.95, the low of April 28. A clear break below this level could drag the pair lower to 84.61, the low of May 12, followed by 84.12, the low of May 5.On the bright side, the first upside barrier is seen at 85.60, the 100-day EMA. Green candlesticks and a clear bounce above the mentioned level could see a rally to the 86.00-86.05 zone, which marks both a round figure and the upper boundary of the trend channel. Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

04:48 Australian Dollar struggles as Trump administration plans to blacklist Chinese chipmakers
The Australian Dollar (AUD) extends its decline against the US Dollar (USD) for a third consecutive session on Friday.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a} .fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist.The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April.The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed signals to the market.The Australian Dollar (AUD) extends its decline against the US Dollar (USD) for a third consecutive session on Friday. The AUD remains under pressure, possibly due to reports that the Trump administration is planning to add several Chinese chipmakers to its export blacklist, known as the "entity list." Given the close trade relationship between Australia and China, any disruption in the Chinese market can significantly impact the Aussie Dollar.According to the Financial Times, Trump administration officials expressed concern late Thursday that imposing export controls on key Chinese firms at this stage could undermine the recently reached trade agreement between China and the US during talks in Geneva over the weekend.The AUD struggles despite a strong Australian labor market report, which reported robust job growth in April. The AUD/USD pair struggled even as the Greenback weakened following economic data that fueled speculation the Federal Reserve (Fed) could resume interest rate cuts in the coming months.The risk-sensitive AUD/USD pair also failed to benefit from easing global trade tensions. A senior adviser to Iran’s supreme leader, Ali Shamkhani, stated on Wednesday that Iran is ready to sign a nuclear deal with US President Donald Trump. Additionally, the US and China reached a preliminary agreement, under which the US will reduce tariffs on Chinese goods from 145% to 30%, while China will lower its tariffs on US imports from 125% to 10%.Australian Dollar struggles despite a weaker US Dollar amid improved risk sentimentThe US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is trading lower at around 100.60 at the time of writing. US economic data this week has delivered mixed signals—highlighting the economy’s resilience while also indicating a slowdown in growth momentum, which has kept the dollar confined to a narrow trading range.The US Producer Price Index (PPI) rose 2.4% year-over-year in April, easing from the 2.7% increase in March and falling short of the market expectation of 2.5%. Core PPI, which excludes food and energy, climbed 3.1% annually, down from the previous 4%. On a monthly basis, headline PPI dropped 0.5%, while core PPI fell 0.4%.US Initial Jobless Claims for the week ending May 10 stood at 229,000, unchanged from the revised figure for the previous week, and in line with expectations, according to the US Department of Labor (DOL). Continuing Jobless Claims rose by 9,000 to reach 1.881 million for the week ending May 3.US Consumer Price Index (CPI) rose by 2.3% year-over-year in April, slightly below the 2.4% increase recorded in March and market expectations of 2.4%. Core CPI—which excludes food and energy—also climbed 2.8% annually, matching both the previous figure and forecasts. On a monthly basis, both headline CPI and core CPI rose by 0.2% in April.US President Donald Trump told Fox News that he is working to gain greater access to China, describing the relationship as excellent and expressing willingness to negotiate directly with President Xi on a potential deal.According to the Australian Bureau of Statistics (ABS), employment surged by 89,000 in April, significantly higher than the 36,400 increase in March and far above the forecasted 20,000. Meanwhile, the Unemployment Rate remained unchanged at 4.1%.Australia's seasonally adjusted Wage Price Index rose by 3.4% year-over-year in Q1 2025, up from a 3.2% increase in Q1 2024 and surpassing market forecasts of a 3.2% gain. This marks a recovery from the prior quarter, which recorded the slowest wage growth since Q3 2022. On a quarterly basis, the index climbed 0.9% in Q1, surpassing the projected 0.8% rise.Australian Prime Minister Anthony Albanese was sworn in for a second term on Tuesday after a decisive election victory. Key cabinet positions—including treasurer, foreign affairs, defense, and trade—remain unchanged. Albanese is scheduled to attend the inauguration Mass of Pope Leo XIV in Rome on Sunday, where he will also meet with leaders such as European Commission President Ursula von der Leyen to discuss trade relations.Easing global trade tensions have prompted investors to dial back expectations for aggressive interest rate cuts in Australia. Markets now project the Reserve Bank of Australia (RBA) to reduce the cash rate to approximately 3.1% by year-end, a revision from earlier forecasts of 2.85%. Nevertheless, the RBA is still widely expected to proceed with a 25 basis point cut at its upcoming policy meeting.Australian Dollar finds support around 0.6400 after breaking below nine-day EMAAUD/USD is hovering around 0.6410 on Friday. Technical analysis on the daily chart indicates a bearish bias, as the pair is trading below the nine-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) remains above the 50 level, signaling that some bullish momentum persists despite the downside pressure.Immediate support lies at the psychological level of 0.6400, followed by the 50-day EMA around 0.6355. A decisive break below these levels could deteriorate the short- to medium-term outlook and pave the way for a deeper slide toward 0.5914 — a low last seen in March 2020.On the upside, resistance is seen at the nine-day EMA near 0.6417. A break above this could lead the pair to retest the six-month high of 0.6515, recorded on December 2, 2024. A sustained rally beyond that point may target the seven-month high of 0.6687 from November 2024.AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.20% -0.09% -0.38% -0.06% -0.04% 0.07% -0.34% EUR 0.20% 0.11% -0.20% 0.13% 0.16% 0.26% -0.14% GBP 0.09% -0.11% -0.29% 0.03% 0.06% 0.16% -0.24% JPY 0.38% 0.20% 0.29% 0.33% 0.33% 0.42% 0.04% CAD 0.06% -0.13% -0.03% -0.33% 0.00% 0.13% -0.27% AUD 0.04% -0.16% -0.06% -0.33% -0.00% 0.11% -0.30% NZD -0.07% -0.26% -0.16% -0.42% -0.13% -0.11% -0.41% CHF 0.34% 0.14% 0.24% -0.04% 0.27% 0.30% 0.41% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

04:38 Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan's Economy Minister Ryosei Akazawa said on Friday that the government will continue to demand a review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms.

04:15 PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1938 as compared to the previous day's fix of 7.1963 and 7.2085 Reuters estimate.

03:57 WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.

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Trump said the US was getting close to securing a nuclear deal with Iran.Oil inventories climbed by 3.454 million barrels in the week ended May 9, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.A top adviser to Iran’s supreme leader stated on Wednesday that Iran is ready to sign a nuclear deal with certain conditions with US President Donald Trump in exchange for lifting economic sanctions. On Thursday, Trump said that the US was getting close to securing a nuclear deal with Iran, and Tehran had "sort of" agreed to the terms. The developments of a possible nuclear deal could weigh on the WTI price. "(Any) immediate sanctions relief stemming from a nuclear agreement could unlock an additional 0.8 million barrels per day of Iranian crude for the global market – an undeniably bearish development for prices," said SEB analyst Ole Hvalbye.A surprise rise in US crude oil inventories last week has prompted investor concerns of excess supplies, which contributes to the WTI’s downside. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the US for the week ending May 9 climbed by 3.454 million barrels, compared to a fall of 2.032 million barrels in the previous week. The market consensus estimated that stocks would drop by 1.0 million barrels. On the other hand, the weaker Greenback might cap the downside for the USD-denominated commodity price. Another soft inflation print suggested that companies are absorbing some of the hit from higher tariffs. The US Producer Price Index (PPI) rose 2.4% YoY in April, following the 2.7% increase in March, according to the Bureau of Labor Statistics on Thursday. This figure came in below the market expectation of 2.5%. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

03:03 Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Finance Minister Shunichi Kato said on Friday that he would seek to meet US reasury Secretary Scott Bessent to discuss foreign exchange. Kato added that excessive FX moves damage the Japanese economy.

02:53 Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
The Japanese economy contracted by 0.2% QoQ over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% increase in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.

The Japanese economy contracted by 0.2% QoQ over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% increase in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.

02:51 Japan Gross Domestic Product Deflator (YoY) above forecasts (3.2%) in 1Q: Actual (3.3%)
Japan Gross Domestic Product Deflator (YoY) above forecasts (3.2%) in 1Q: Actual (3.3%)

02:50 Japan Gross Domestic Product (QoQ) below forecasts (-0.1%) in 1Q: Actual (-0.2%)
Japan Gross Domestic Product (QoQ) below forecasts (-0.1%) in 1Q: Actual (-0.2%)

02:50 Japan Gross Domestic Product Annualized came in at -0.7% below forecasts (-0.2%) in 1Q
Japan Gross Domestic Product Annualized came in at -0.7% below forecasts (-0.2%) in 1Q

02:38 Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).

02:29 EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.

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Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

02:18 GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD turned lower on Thursday, shaving off a few points and keeping bids stuck to a near-term consolidation range just south of 1.3300 as markets got more or less what they wanted from economic data releases during both the London and American market sessions.

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Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

02:13 USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.

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The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.Another soft inflation print suggested that companies are absorbing some of the hit from higher tariffs. Data released by the Bureau of Labor Statistics on Thursday showed that the US Producer Price Index (PPI) rose 2.4% YoY in April, following the 2.7% increase in March. This figure came in below the market expectation of 2.5%. Meanwhile, the annual core PPI rose 3.1% in April versus 4% prior. On a monthly basis, the PPI and the core PPI declined 0.5% and 0.4%, respectively. Swaps trader increased their bets on further Fed rate cuts this year, which undermines the US Dollar (USD) broadly. The US Initial Jobless Claims for the week ending May 10 came in at 229K, compared to the previous week's revised tally of 229K (revised from 228K), according to the US Department of Labor (DOL) on Thursday. This reading matched initial estimates. Additionally, Continuing Jobless Claims went up by 9K to reach 1.881M for the week ending May 3.A decline in Crude Oil prices might cap the upside for the commodity-linked Loonie and create a tailwind for the pair. It’s worth noting that Canada is the largest oil exporter to the US, and lower crude oil prices tend to have a negative impact on the CAD value. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

01:30 New Zealand Business NZ PMI climbed from previous 53.2 to 53.9 in April
New Zealand Business NZ PMI climbed from previous 53.2 to 53.9 in April

01:04 Mexican Peso falls as Banxico cuts rates, USD/MXN rises
The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Thursday after the Banco de Mexico (Banxico) reduced rates as expected, amid weaker-than-expected economic data from the United States (US). At the time of writing, the USD/MXN trades at 19.49, up 0.61%.

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At the time of writing, the USD/MXN trades at 19.49, up 0.61%.Recently, Banxico lowered its interest rate by 50 basis points (bps), as expected, to 8.50%, marking the seventh consecutive rate cut by the Mexican institution. The central bank’s decision was unanimous and weighed on the Mexican currency, which, since the beginning of the North American session, was losing ground against the Greenback.In the US, inflation data on the producer side showed that the disinflation process continued in April, indicating progress despite trade policies implemented by President Donald Trump keeping investors uncertain about the global economic outlook.Further data revealed that consumer spending is cooling, as shown by April’s Retail Sales, and that the labor market remains solid, following the latest release of Initial Jobless Claims figures.In the US, the economic docket will feature the University of Michigan's preliminary Consumer Sentiment poll for June.Daily digest market movers: Banxico’s decision tumbles the PesoBanxico reduced interest rates as expected, with unanimous support. In its policy statement, the central bank stated that it would continue to “calibrate” monetary policy, anticipating that the current inflationary environment would allow it to continue the easing cycle.Mexico’s central bank statement added that cuts by the same magnitude are on the table, and despite upward revising their inflation projections, the board expects headline prices to converge to the 3% goal by Q3 2026.Officials at Banxico added that the changes in economic policy by the US administration have introduced uncertainty to the forecasts.The interest rate differential between Mexico and the US is reducing. Therefore, Banxico’s dovish stance could cap Peso’s advance and exert upward pressure on the USD/MXN pair.Goldman Sachs has upwardly revised Mexico’s economic growth for 2025 to 0% from the previously projected 0.5% contraction.Recently, Mexico’s Economy Minister, Marcelo Ebrard, announced that the USMCA revision will commence in the second half of 2025.Notably, investors reduced their bets that the Federal Reserve (Fed) will only cut rates twice this year, rather than three times, as indicated by data from the Chicago Board of Trade (CBOT).The December 2025 fed funds rates futures contract shows that market players expect 54 basis points of easing.USD/MXN technical outlook: Mexican Peso treads water, with USD/MXN poised to test 19.50The USD/MXN downtrend paused as the pair edged up before and after the Banxico decision. Nevertheless, failure to achieve a daily close above 19.50 could pave the way for a Mexican Peso recovery, which could send the pair drifting toward the 19.00 figure.Once that level is taken out, the next support would be August 19, 2024, swing low of 18.59. Conversely, if USD/MXN climbs past the 19.50 area and reaches a three-day high of 19.66, surpassing the 20-day Simple Moving Average (SMA), it may retreat somewhat. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity. How do decisions of the Banxico impact the Mexican Peso? The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint in a tolerance band of between 2% and 4%). To this end, the bank sets an appropriate level of interest rates. When inflation is too high, Banxico will attempt to tame it by raising interest rates, making it more expensive for households and businesses to borrow money, thus cooling demand and the overall economy. Higher interest rates are generally positive for the Mexican Peso (MXN) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken MXN. How does economic data influence the value of the Mexican Peso? Macroeconomic data releases are key to assess the state of the economy and can have an impact on the Mexican Peso (MXN) valuation. A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only does it attract more foreign investment but it may encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this strength comes together with elevated inflation. However, if economic data is weak, MXN is likely to depreciate. How does broader risk sentiment impact the Mexican Peso? As an emerging-market currency, the Mexican Peso (MXN) tends to strive during risk-on periods, or when investors perceive that broader market risks are low and thus are eager to engage with investments that carry a higher risk. Conversely, MXN tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

01:02 AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals
The AUD/NZD pair remained stable around the 1.0900 zone on Thursday, reflecting a cautiously bullish tone as the market heads into the Asian session.

AUD/NZD trades around the 1.0900 zone with minimal movements on Thursday.Mixed signals from momentum indicators as overbought conditions emerge.Key support sits below, while resistance levels cluster around recent highs.The AUD/NZD pair remained stable around the 1.0900 zone on Thursday, reflecting a cautiously bullish tone as the market heads into the Asian session. Price action remains within the middle of its daily range, suggesting that buyers are still in control, but the emergence of overbought conditions across several momentum indicators raises the risk of a short-term correction.From a technical perspective, the pair presents a mixed outlook. The Relative Strength Index hovers in the 60s, indicating generally neutral momentum without immediate overbought pressure, though nearing a potentially overextended zone. The Moving Average Convergence Divergence supports the broader uptrend with a clear buy signal, aligning with the short-term moving averages like the 10-day Exponential and Simple Moving Averages, which also favor further gains.However, the Williams Percent Range (14) and Stochastic %K (14, 3, 3) both trade in overbought territory, suggesting a possible near-term pullback if recent gains cannot be sustained. The Ultimate Oscillator, trading in the 60s, adds to the cautious tone, highlighting the risk of a corrective move despite the broader bullish backdrop.In terms of support and resistance, the short-term structure remains constructive, with key support levels identified near 1.0870 and 1.0859. Immediate resistance sits around 1.0916, 1.0924, and 1.0946. A clear break above these resistance levels could confirm a broader bullish continuation, while a failure to hold current levels might trigger a deeper correction toward the lower end of the recent range.Daily Chart

00:33 AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data
The AUD/USD pair is trading near the 0.6400 zone, retreating from earlier highs as the US Dollar regains strength.

AUD/USD trades near 0.6400, giving back early session gains after strong Australian jobs data.US Dollar steadies as DXY holds just below 101.00 amid mixed economic data.Technical signals remain mixed, with neutral RSI and conflicting SMA trends around key levels.The AUD/USD pair is trading near the 0.6400 zone, retreating from earlier highs as the US Dollar regains strength. This pullback follows a solid Australian labor market report, which showed a robust 89,000 jobs gain in April, significantly exceeding the 22,500 expected and marking a sharp recovery from the prior month. Despite this, the Australian Dollar struggled to maintain momentum as broader market sentiment turned cautious ahead of US economic data releases, including Retail Sales and Producer Price Index (PPI) figures.Fundamentally, the US Dollar Index (DXY) remains under pressure, trading just below 101.00. US data this week painted a mixed picture, with Retail Sales rising just 0.1% in April and the PPI cooling to 2.4% annually, both missing expectations. Additionally, weekly jobless claims held steady at 229K, reflecting a stable yet cautious labor market. These figures suggest that while the US economy remains resilient, growth momentum is slowing, keeping the Greenback within a tight range.Technical AnalysisTechnically, AUD/USD signals remain mixed. The Relative Strength Index (RSI) is around 50, reflecting neutral conditions. The MACD suggests selling momentum, aligning with the short-term bias, while Momentum (10) also leans bearish. The Stochastic RSI Fast in the 30s and the Ultimate Oscillator around the 40s further reinforce this neutral to slightly bearish tone. Key support levels are found at 0.6400, 0.6398, and 0.6378, while immediate resistance lies at 0.6412, 0.6414, and 0.6419. The 20-day SMA supports the selling bias, while the 100-day SMA offers a more bullish signal, indicating a complex technical outlook.With the market still digesting mixed US data and awaiting further guidance from the Federal Reserve, AUD/USD may struggle to break out of its current range, especially if US economic releases continue to highlight a cooling but resilient economy.Daily Chart

00:05 NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session
The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session.

NZD/JPY trades near the 85.50 zone, reflecting a bearish tone with minor losses.Momentum is mixed, with short-term buy signals clashing with broader selling pressure.Key support rests around 85.50, with resistance near 85.60 and 86.10.The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session. Despite the broader bearish tone, conflicting technical signals suggest the cross may face further volatility in the near term, with mixed momentum indicators adding to the uncertain outlook.From a technical perspective, the Relative Strength Index (RSI) hovers in the 50s, reflecting neutral momentum as recent gains and losses balance each other out. Meanwhile, the Moving Average Convergence Divergence (MACD) signals ongoing buy momentum, providing a short-term counter to the broader bearish sentiment. However, the Ultimate Oscillator (7, 14, 28) remains in the 40s, while the Stochastic %K (14, 3, 3) trades in the 60s, both reinforcing a more neutral tone.Momentum (10) stands out as a more direct bearish signal, aligning with the overall negative trend. This is further supported by the 100-day and 200-day Simple Moving Averages (SMAs), which indicate ongoing selling pressure, despite the 20-day SMA suggesting a potential short-term recovery. Additionally, the 10-day Exponential Moving Average (EMA) and 10-day SMA, both in the 80s, also align with the sell side, reinforcing the cautious outlook for the cross.Immediate support is identified around 85.57, followed by deeper levels at 85.49 and 85.42. On the upside, resistance is expected near 85.63, with stronger barriers at 85.69 and 86.09, potentially capping gains in the near term.Daily Chart

00:00 South Korea Export Price Growth (YoY) fell from previous 6.3% to 0.7% in April
South Korea Export Price Growth (YoY) fell from previous 6.3% to 0.7% in April

00:00 South Korea Import Price Growth (YoY) down to -2.3% in April from previous 3.4%
South Korea Import Price Growth (YoY) down to -2.3% in April from previous 3.4%

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ไทม์ไลน์ข่าวสาร forex

06:01 New Zealand RBNZ Inflation Expectations (QoQ): 2.29% (2Q) vs 2.06% New Zealand RBNZ Inflation Expectations (QoQ): 2.29% (2Q) vs 2.06%

05:35 Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday’s Asian trading hours.

05:29 Japanese Yen advances to fresh weekly top against USD despite weaker GDP The Japanese Yen (JPY) scales higher against its American counterpart for the fourth straight day and touches a fresh weekly top during the Asian session on Friday.

04:48 Australian Dollar struggles as Trump administration plans to blacklist Chinese chipmakers The Australian Dollar (AUD) extends its decline against the US Dollar (USD) for a third consecutive session on Friday.

04:38 Japan’s Akazawa: Government will continue to demand review of US tariffs Japan's Economy Minister Ryosei Akazawa said on Friday that the government will continue to demand a review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms.

04:15 PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1938 as compared to the previous day's fix of 7.1963 and 7.2085 Reuters estimate.

03:03 Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent Japan’s Finance Minister Shunichi Kato said on Friday that he would seek to meet US reasury Secretary Scott Bessent to discuss foreign exchange. Kato added that excessive FX moves damage the Japanese economy.

02:51 Japan Gross Domestic Product Deflator (YoY) above forecasts (3.2%) in 1Q: Actual (3.3%) Japan Gross Domestic Product Deflator (YoY) above forecasts (3.2%) in 1Q: Actual (3.3%)

02:50 Japan Gross Domestic Product (QoQ) below forecasts (-0.1%) in 1Q: Actual (-0.2%) Japan Gross Domestic Product (QoQ) below forecasts (-0.1%) in 1Q: Actual (-0.2%)

02:50 Japan Gross Domestic Product Annualized came in at -0.7% below forecasts (-0.2%) in 1Q Japan Gross Domestic Product Annualized came in at -0.7% below forecasts (-0.2%) in 1Q

02:38 Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).

01:30 New Zealand Business NZ PMI climbed from previous 53.2 to 53.9 in April New Zealand Business NZ PMI climbed from previous 53.2 to 53.9 in April

01:02 AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals The AUD/NZD pair remained stable around the 1.0900 zone on Thursday, reflecting a cautiously bullish tone as the market heads into the Asian session.

00:33 AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data The AUD/USD pair is trading near the 0.6400 zone, retreating from earlier highs as the US Dollar regains strength.

00:05 NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session.

00:00 South Korea Export Price Growth (YoY) fell from previous 6.3% to 0.7% in April South Korea Export Price Growth (YoY) fell from previous 6.3% to 0.7% in April

00:00 South Korea Import Price Growth (YoY) down to -2.3% in April from previous 3.4% South Korea Import Price Growth (YoY) down to -2.3% in April from previous 3.4%

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