Trading news

The EUR/USD pair loses momentum to around 1.1765 during the early Asian session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid a cautious mood after US President Donald Trump and Iran rejected each other’s latest peace proposals to end the war in the Middle East. 

The National Bureau of Statistics of China (NBS) will publish its data for April at 01.30 GMT. The Consumer Price Index (CPI) is expected to show an increase of 0.8% YoY in April, compared to 1.0% in March.

US President Donald Trump and Iran rejected each other’s latest peace proposals to bring an end to the war in the Middle East as the two sides struggle to maintain a fragile ceasefire, Bloomberg reported on Sunday.

China Exports (YoY) CNY climbed from previous -0.7% to 9.8% in April

China Trade Balance USD registered at $84.82B above expectations ($83.3B) in April

China Exports (YoY) came in at 14.1%, above expectations (7.9%) in April

China Imports (YoY) above expectations (15.2%) in April: Actual (25.3%)

China Trade Balance CNY increased to 585.69B in April from previous 354.75B

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA).

Colombia Consumer Price Index (MoM) came in at 0.78%, above expectations (0.73%) in April

Colombia Consumer Price Index (YoY) came in at 5.68%, above expectations (5.63%) in April

Rabobank strategists assess how the US and Israel’s war against Iran could affect China. They note higher Oil and gas prices and global cost-push inflation, but argues China’s inflation is unlikely to force PBOC tightening.

ING’s Chief Economist for Greater China, Lynn Song, notes that Taiwan’s April trade data showed slower export and import growth versus expectations, with the trade surplus easing to USD14.35bn.

Standard Chartered’s Aldian Taloputra notes Indonesia’s GDP growth accelerated to 5.6% year-on-year in Q1 2026, driven by front-loaded fiscal stimulus, seasonal festival spending and limited pass-through from higher Oil prices.

Silver price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar weakness and falling oil prices. At the time of writing, the XAG/USD trades at $80.72, after bouncing off daily lows of $78.16.

Wells Fargo Economics projects Brazil’s April IPCA inflation to rise 0.9% month-over-month and around 4.5% year-over-year, near or above the target band. Energy and food pressures are intensifying, while inflation expectations have risen.

MUFG economists Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee outline a base case where the reopening of the Strait of Hormuz by end‑May eases pressures on Asian currencies.

United Kingdom CFTC GBP NC Net Positions down to £-63.9K from previous £-60.6K

United States CFTC Gold NC Net Positions climbed from previous $159.6K to $163.3K

United States CFTC S&P 500 NC Net Positions fell from previous $-101.4K to $-103.9K