Trading news

MUFG’s Lloyd Chan flags India’s April Consumer Price Index (CPI) release as a key risk for the Indian Rupee (INR), with higher energy prices and a softer currency building inflation tailwinds.

Switzerland Producer and Import Prices (YoY) rose from previous -2.7% to -2% in April

Switzerland Producer and Import Prices (MoM) came in at 0.8%, above forecasts (0.1%) in April

The GBP/USD pair is down 0.3% to near 1.3570 during the European trading session on Tuesday. The Cable faces selling pressure as the US Dollar (USD) outperforms its peers due to a risk-off market mood.

United States (US) Treasury Secretary Scott Bessent confirmed through a post on X, formerly known as Twitter, that the US and Japan took some actions together against excessive volatility in currency markets.

The EUR/GBP cross gains traction near 0.8665 during the early European session on Tuesday. The British Pound (GBP) weakens against the Euro (EUR) amid political instability in the United Kingdom (UK). Traders brace for the ZEW surveys from Germany and the Eurozone, which are due later on Tuesday. 

Commerzbank analysts note the US Dollar Index (DXY) inched up to 97.96 as markets consolidated and prepared for United States (US) Consumer Price Index (CPI).

UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD gapped down to 0.7205 before rebounding to close near 0.7250, with intraday risks skewed toward a retest of 0.7220 while 0.7205 is expected to hold. Over 1–3 weeks, they see scope for the pair to edge higher but capped below 0.7280.

Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (0.5%) in April

Germany Harmonized Index of Consumer Prices (YoY) meets expectations (2.9%) in April

Germany Consumer Price Index (MoM) in line with forecasts (0.6%) in April

Germany Consumer Price Index (YoY) meets forecasts (2.9%) in April

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $95.80 during the Asian hours on Tuesday. Crude oil prices are surging as Middle East tensions are threatening the world’s most critical energy transit route.

The Australian Dollar (AUD) trades cautiously against its major currency peers, is 0.23% down to near 0.7230 against the US Dollar (USD), during the late Asian trading session on Tuesday. The antipodean will likely remain volatile ahead of the Australian Budget release for 2026 at 09:30 GMT.

The USD/JPY pair gains momentum to near 157.55 during the early European trading hours on Tuesday. Renewed geopolitical tensions in the Middle East lift the US Dollar (USD) against the Japanese Yen (JPY).

The Indian Rupee (INR) slumps to a fresh all-time low against the US Dollar (USD) in the opening session on Tuesday.

Asian stock markets trade mixed on Tuesday as investors remain on edge amid fading hopes for a US-Iran peace deal and de-escalation of tensions in the Middle East.

Japan Coincident Index: 116.5 (March) vs 116.3

Japan Leading Economic Index registered at 114.5, below expectations (114.6) in March

EUR/USD extends its losses for the second successive day, trading around 1.1760 during the Asian hours on Tuesday. The daily chart technical analysis indicates an ongoing bullish bias as the pair is remaining within the ascending channel pattern.