The US dollar remained under pressure at the start of the new week of negotiation, extending recent losses in a persistent sales interest. The objective of investors is now turning to a series of key decisions at the central bank rate in the coming days, with the Federal Reserve Front and Center.
Here is what you need to know on Tuesday May 6:
The US dollar index (DXY) managed to bounce back from daily stockings and finish the session on Monday with humble losses near the key obstacle of the 100.00. The last balance of commercial data will be in the spotlight, supported by the weekly API report on American crude oil stocks.
The EUR / USD has disappeared the initial Bull Run and slightly progressed around the 1,1300 region on Monday. The final PMIs of the HCOB services for Germany and the euro zone will be published, as well as the prices of producers in the region.
GBP / USD managed to reverse four consecutive days of losses, respecting the support in the Band 1,3270-1.3260 once again. Then, on the British calendar, the British calendar will be the last S&P Global Services PMI.
USD / JPY added to the retirement on Friday and revised the middle of the 143.00 at the back of a mild withdrawal in the greenback. The next data press release in Japan will be the final PMI of Jibun banking services on May 7.
The AUD / USD rose further and flicker just in front of the 0.6500 key barrier, building the advance on Friday. Building permits and private approvals of the house are the next ones on the Australian file.
WTI prices have dropped and approached the annual hollow area near the bar of $ 55.00 per barrel after the news that OPEC + plans to accelerate its production discounts in June.
Gold prices have increased sharply beyond the $ 3,300 mark by the Troy ounce, or summits of several days, on the back of the sales pressure in the greenback, while the regular demand for safe security also contributed to the metal gains. The money prices have reversed the course and reserved four daily decreases in a row, finding support around the bar of $ 32.00 per ounce.
