Summary of the Daily Market – May 6, 2025

The hateful risk dominated trading on Tuesday with the decrease in shares, the gold in the highest standard level, and the treasury, as the standard American trade deficit confirmed the concerns of tariffs, while oil revived the Middle East tensions between Israel and Yemen.

However, optimism in the late session rose when the Treasury Secretary and Commercial Representative Greer announced plans to meet the Chinese Deputy Prime Minister who was in Living, Switzerland, which led to the recovery of the dollar before the federal reserve decision on Wednesday, where prices are expected to remain unchanged despite the constant economic uncertainty.

Below is the headlines that you have missed in the last trading sessions:

Tables:

• Building permits in Australia in March: -8.8 % m/m (-1.2 % m/m expectation; -0.3 % m/m.
• Hong Kong Cash Authority He sold HKD to defend the currency to the US dollar
• Caixin Caixin PMI For April: 50.7 (50.7 forecasts; 51.9 previously)
• Swiss unemployment rate for April: 2.8 % (2.9 % forecast; 2.9 % previous)
• Conservative leader Friedrich Mirz The German advisor becomes after a historical loss in the first round of voting
• France Industrial Production for March: 0.2 % M/M (0.1 % M/m expectation; 0.7 % M/M)
• Euro Area HCob Services PMI for April: 50.1 (49.7 forecasts; 51.0 previously)
• GERMANY HCOB Services PMI for April: 49.0 (48.8 forecasts; 50.9 previously)
• UK S & P Global Services PMI for April: 49.0 (48.9 forecasts; 52.5 previously)
• SNB President Sildel It does not exclude negative interest rates if necessary
• Euro PPI region For the month of March: -1.6 % M/M (-1.2 % m/m expectation; 0.2 % m/m); Annual PPI by 1.9 % (2.4 % expectations; previous 3.0 %)
• Canada trade balance for March: -0.51 billion dollars (-C.
• Trade balance in the United States For the month of March: -140.5 USD ( -forecasts of $ 137.1 billion; -122.7 USD previously)
• Canada Ivey PMI for April: 47.9 (50.2 forecasts; 51.3 previously)
• Treasury Secretary Scott Payett said that the United States is negotiating with it 17 major commercial partnersWith the announcement of possible trade deals early this week
• The American Institute of American Petroleum showed a 4.49 million barrel (expected to decrease 2.50 meters barrel) in American commercial stocks For the week ending May 2
• US President Trump has announced plans to present Pharmaceutical definitions “During the next two weeks”
• US Treasury Secretary Scott Beesen and Commercial Representative Jameson Jarir to meet Chinese officials in Switzerland
• Israel says it has disrupted the main Yemen airport with air strikes against the rebels
• India fired air strikes at Kashmir Pakistan and Pakistan.

Work market prices:

The main assets reflected the aversion to risk, as the tensions of trade war and geopolitical tensions have kept investors on the edge of the abyss.

the S & P 500 Slipped 0.8 % with uncertainty about paying President Trump’s tariff. European stocks He followed the same path, and Germany defended at the beginning after conservative leader Friedrich Mirz failed to win enough votes to become a consultant in the first attempt, although he succeeded in the second round.

A trade deficit in the United States, which recorded $ 140.5 billion for March, showed that companies rushed to import goods before the new definitions, which led to a shadow on growth prospects. Treasury returns decreased as investors sought safety, with 10 years of return He decreased to 4.30 % after auctioned bond auction.

Wti crude oil He sharply recovered from its lowest level for four years and reached 59.00 dollars, as tensions escalated between Israel and Yemen. Indian military strikes against Pakistan added to geopolitical stress. gold The number of highlands that approached $ 3430 increased, as Chinese buyers returned after the Labor Day and pre -order. Bitcoin It also pushed up, fracture above 95,000 dollars despite the decline in stocks.

Market behavior FX: US dollar against specialties:

The dollar is overpowered against the main currencies The graph by TradingView

After pop during the Japanese market, Greenback was filmed through the PMI version of disappointing services services in China, defying the expectations that poor Chinese data may enhance the dollar as a safe haven.

This landing pressure is intensified during Asian trading and continued during the European session despite the brief stability attempts after the data of the purchasing managers in the eurozone. The American trade balance numbers, which show a record deficit of $ 140.5 billion, weighed on the dollar, where traders evaluated the economic impact of ongoing commercial tensions.

Throughout most of the day, every attempt to recover a modest drowning quickly was by selling attention, with a special weakness against the Japanese yen as it dominated the moral risk of the market. Hong Kong’s monetary intervention is highlighted to prevent HKD from a large -scale HKD estimate.

The most dramatic step came near the end of the trading day when the news broke out that the Chinese Deputy Prime Minister, where Lifeng met with US officials in Switzerland. This declaration raised a sharp rise in the dollar, reflecting sudden optimism that commercial tensions may reduce and erase a lot of losses today within minutes.

Possible incentives coming to the economic evaluation:

• German factory orders in March 6:00 am GMT
• France balance trade in March 6:45 AM GMT
• Euro Area HCob Construction PMI for April at 7:30 am GMT
• UK S& P
• Retail sales in the euro area in March 9:00 am GMT
• Mortgage requests in the United States on May 2 at 11:00 am GMT
• US crude oil stocks change on May 2 at 2:30 pm GMT
• The rate of US federal funds at 6:00 pm GMT
• Federal Reserve Press Conference in the United States at 6:30 pm GMT
• New Zealand Financial Stability Report RBNZ at 8:00 pm GMT
• Japan, Bank of Japan, monetary policy records at 11:50 pm GMT

Merchants are in another economic calendar crowded with construction PMI, retail sales in the euro area, and the orders of German factories to be issued during the European session.

In the United States, traders will install the Federal Reserve Average decision and combat Powell to obtain evidence of the timing of price reduction, with the US dollar capabilities spills to goods and risk morale.

As always, stay smart and do not forget to check Forex correlation calculator When taking any deals!