Trading news

South Korea Consumer Price Index Growth (YoY) meets forecasts (2.6%) in April

South Korea Consumer Price Index Growth (MoM) meets expectations (0.5%) in April

New Zealand’s Unemployment Rate fell to 5.3% in the first quarter (Q1) of 2026 from 5.4% in the fourth quarter of 2025, according to the official data released by Statistics New Zealand on Wednesday. The figure came in below the market consensus of 5.4%.

USD/JPY advances some 0.48% on Tuesday as the Greenback remained steady during the session following last Thursday’s intervention in the FX markets by Japanese authorities, which bought the Yen, with the pair tanking nearly 2.50% or almost 400 pips. At the time of writing, the pair trades at 157.91.

National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms argue that the Chinese Yuan's (CNY) strength reflects more than US Dollar (USD) softness, pointing to growing energy-settlement flows and improving Chinese manufacturing and Producer Price Index (PPI) data.

New Zealand Participation Rate registered at 70.4%, below expectations (70.5%) in 1Q

New Zealand Employment Change below expectations (0.3%) in 1Q: Actual (0.2%)

New Zealand Labour Cost Index (YoY) meets forecasts (2%) in 1Q

New Zealand Unemployment Rate came in at 5.3%, below expectations (5.4%) in 1Q

New Zealand Labour Cost Index (QoQ) came in at 0.5%, above expectations (0.4%) in 1Q

GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction.

UOB economists Julia Goh and Loke Siew Ting highlight that Philippine inflation has surged to a 37‑month high, forcing a sharp upward revision to the 2026 forecast.

OCBC strategists Sim Moh Siong and Christopher Wong see USD/SGD rebounding after what he characterizes as a relief, not reversal, move lower.

The NZD/USD pair is trading with a modest positive tone near the 0.5890 area on Tuesday, recovering some ground but still struggling to build sustained upside momentum as the US Dollar (USD) remains broadly supported.

AUD/USD edged higher by 0.25% on Tuesday, settling close to 0.7185 after finding support around 0.7150 during the European session.

United States API Weekly Crude Oil Stock came in at -8.1M, below expectations (-2.8M) in May 1

DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam (SBV) to turn more hawkish as Vietnam’s inflation accelerates and stays above target.

The US Dollar Index (DXY) is trading with a neutral tone near the 98.50 area, supported by safe-haven demand and elevated US yields even after upbeat US data. Price action remains choppy amid shifting Middle East headlines.

UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen highlight that Indonesia’s 1Q26 Gross Domestic Product (GDP) beat expectations at 5.61% year-on-year, driven by government spending, household consumption and investment.

USD/CHF retreats during the North American session, yet extends edges lower 0.12% as the pair clashes with the confluence of a key resistance area comprised by the 20-, 100- and 50-day Simple Moving Averages (SMAs) at around 0.7842-57. At the time of writing, the pair trades at 0.7830.