Trading news

USD/JPY extends its gains for the seventh consecutive day, trading around 159.00 during the Asian hours on Tuesday. The currency pair appreciates as the Japanese Yen (JPY) remains subdued despite stronger-than-expected preliminary economic growth data from Japan.

The USD/CAD pair edges higher during the Asian session on Tuesday, stalling the previous day's modest pullback from the vicinity of a one-month peak, around the 1.3765 region, touched last week.

Australia Westpac Consumer Confidence rose from previous -12.5% to 83% in May

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $101.85 during the early Asian trading hours on Tuesday. The WTI price declines after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states.

Japan Gross Domestic Product Deflator (YoY) above expectations (3.1%) in 1Q: Actual (3.4%)

The Japanese economy expanded 0.5% over the quarter in the first quarter (Q1) of 2026, the preliminary report published by the Cabinet Office showed on Tuesday. This reading followed a 0.3% growth recorded in Q4 of 2025 and beat market expectations of a 0.4% expansion.

Japan Gross Domestic Product Annualized above expectations (1.7%) in 1Q: Actual (2.1%)

Japan Gross Domestic Product (QoQ) registered at 0.5% above expectations (0.4%) in 1Q

Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said that the central bank is worried higher energy costs will feed through to consumer prices quickly given the stretched state of the domestic economy, potentially creating a ‌significant shift in inflation expectations, Reuters repor

US President Donald Trump said that the United States (US) would be “probably satisfied” if it could reach an agreement with Iran that prevents Tehran from obtaining a nuclear weapon, the Guardian reported on Monday.

Gold price (XAU/USD) recovers some lost ground from a one-and-a-half-month low to around $4,565 during the early Asian session on Tuesday. The precious metal edges higher amid a weaker US Dollar (USD).

Cable bottomed at the 1.33 handle in Asian trade and ground higher through London and New York to close back above the 1.34 handle, a session range of roughly 150 pips and a textbook reclaim of the 200-day exponential moving average on the daily chart.

The Yen drifted toward the 159.00 zone through Monday's session and closed close to 158.80, marking a sixth straight losing day against a US Dollar that just refuses to peak. The price action itself was unremarkable, a 60-pip range on the day, but the trajectory is striking.

New Zealand Producer Price Index - Input (QoQ) came in at 1.4%, above forecasts (0.8%) in 1Q

New Zealand Electronic Card Retail Sales (YoY): 2% (April) vs previous 2.7%

New Zealand Producer Price Index - Output (QoQ) above expectations (0.5%) in 1Q: Actual (0.8%)

New Zealand Electronic Card Retail Sales (MoM) fell from previous 0.7% to -1.3% in April

The Australian Dollar found a floor at the 0.7120 level in the early European session on Monday and ground its way back toward 0.7180 by mid-afternoon, helped along by a softer US Dollar and a modest improvement in the risk tone.

The Euro advances late in the North American session, up by 0.26% amid a volatile session characterized by geopolitical headlines and broad US Dollar weakness across the board. At the time of writing, the EUR/USD pair trades at 1.1654 after bouncing off daily lows of 1.1608.

The NZD/USD starts the session near the 0.5880 region on Tuesday as the US Dollar (USD) weakens amid shifting Federal Reserve (Fed) expectations and mixed developments surrounding negotiations between the US and Iran.