Euro: Favorable versus Pound and Canadian Dollar – TD Securities
TD Securities’ FX strategists see the Euro (EUR) relatively strong on crosses, particularly versus the Pound (GBP) and Canadian Dollar (CAD).
United States Consumer Price Index soars in April, US Dollar surges
The United States (US) reported that annualized inflation, as measured by the Consumer Price Index (CPI) rose by 3.8% in the twelve months to April, higher than the 3.3% posted in March and above expectations of 3.7%.
Modi to India: Don’t buy Gold for a year
Indian Prime Minister Narendra Modi urged the nation’s citizens to avoid buying Gold for a year, in an effort to cut spending and save foreign exchange as the country grapples with the macroeconomic consequences of the Iran war.
British Pound falls as US inflation surprises, UK political turmoil weighs
GBP/USD declines around 1.3525 on Tuesday at the time of writing, down 0.62% on the day, as the US Dollar (USD) benefits from renewed demand following stronger-than-expected US inflation data and a more cautious market mood.
United States Redbook Index (YoY) climbed from previous 7.8% to 9.6% in May 8
United States Redbook Index (YoY) climbed from previous 7.8% to 9.6% in May 8
Silver: Industrial support and volatility risks – Commerzbank
Commerzbank's Commodity Analyst Barbara Lambrecht notes that Silver has surged to a two-month high near USD 87 per troy ounce, supported by strength in industrial metals and a record high London Metal Exchange index.
United States Oil output reaches unprecedented levels: What does this mean for markets?
The Energy Information Administration (EIA) released the Monthly Energy Review on Tuesday. The report showed that the US hit a record energy production in 2025, recording a 3.4% increase from the previous record set in 2024.
British Pound: Political risk premium builds – ING
ING’s Francesco Pesole highlights rising political uncertainty in the UK as calls grow for Prime Minister Keir Starmer’s resignation, with betting markets seeing a high chance he leaves office this year.
Euro falls as hot US inflation data boosts Fed higher-for-longer expectations
The Euro (EUR) trades under pressure against the US Dollar (USD) on Tuesday as hotter-than-expected US inflation data strengthens the Greenback and pushes US Treasury yields higher. At the time of writing, EUR/USD is trading around 1.1743, down roughly 0.35% on the day.
Silver price declines as hot US inflation bolsters Dollar despite industrial support
Silver (XAG/USD) declines on Tuesday, stalling a four-day winning streak, trading around $84.10 at the time of writing, down 2.18% on the day.
Fed’s Goolsbee: We have an inflation problem in this country
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, said that the April United States (US) Consumer Price Index (CPI) report was worse than they expected in comments reported by Reuters on Tuesday.
Fed: AI-driven growth complicates rate path – NBC
National Bank of Canada’s (NBC) Senior Economist Jocelyn Paquet, argues that surging AI-related investment is keeping U.S. GDP growth above potential, with forecasts of 2.4% in 2026 and 2.0% in 2027.