News

Breaking: Risk flows dominate as Axios reports US-Iran close in on deal to end conflict

According to Axios, the United States and Iran are moving towards a deal to end the conflict.

Source  Fxstreet1778058248
Poland: NBP seen steady with hawkish tilt – ING

ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep policy rates unchanged at 3.75% in coming months, despite higher April Consumer Price Index (CPI) and stronger March activity data.

Source  Fxstreet1778056686

United Kingdom S&P Global Services PMI above expectations (52) in April: Actual (52.7)

Source  Fxstreet1778056202

United Kingdom S&P Global Composite PMI registered at 52.6 above expectations (52) in April

Source  Fxstreet1778056201

Italy Retail Sales s.a. (MoM) above forecasts (-0.4%) in March: Actual (0.8%)

Source  Fxstreet1778054457

Italy Retail Sales n.s.a (YoY) up to 3.7% in March from previous 1.6%

Source  Fxstreet1778054456
DXY: Fed transition and geopolitics steer support – DBS

DBS Group Research’s Philip Wee argues that the USD Index (DXY) is at an inflection point, consolidating in a 98–99 range after retracing its post-Operation Epic Fury rally.

Source  Fxstreet1778054287
ADP Employment Report expected to show private-sector job gains accelerated in April 

Developments in the Middle East conflict are likely to remain at the forefront this week, but investors will also keep an eye on a string of US labour market figures.

Source  Fxstreet1778052600

Spain HCOB Services PMI came in at 47.9 below forecasts (52) in April

Source  Fxstreet1778051701
EUR/PLN: Range trading around 200DMA – Societe Generale

Societe Generale strategists observe that EUR/PLN has recently rebounded after defending an ascending trend line from February 2025 near 4.2100. The pair continues to oscillate around the 200-DMA, lacking clear direction.

Source  Fxstreet1778051615
EUR/NOK: Norges Bank stance supports gradual downside – Commerzbank

Commerzbank’s Antje Praefcke expects Norges Bank to keep rates at 4.0% but maintain a distinctly hawkish tone compared with the Riksbank. With Norwegian inflation above target, the bank projects one or two hikes by year-end and may act in June if Iran-related risks persist.

Source  Fxstreet1778050624

France Industrial Output (MoM) came in at 1%, above forecasts (0.5%) in March

Source  Fxstreet1778049901
Equities: Tech and cyclicals extend rebound – Danske Bank

-Danske Research Team highlights a strong rebound in global equities, led by US technology and semiconductor names, with Intel, Qualcomm and Micron up double digits. Asian markets, including Korea and Shenzhen, also rallied, while European equities lagged due to sector composition.

Source  Fxstreet1778048614

Russia S&P Global Services PMI increased to 49.7 in April from previous 49.5

Source  Fxstreet1778047201

India HSBC Services PMI rose from previous 57.9 to 58 in April

Source  Fxstreet1778043802

India HSBC Composite PMI down to 58.2 in April from previous 58.3

Source  Fxstreet1778043787

India HSBC Services PMI climbed from previous 57.9 to 58.8 in April

Source  Fxstreet1778043780

India HSBC Services PMI climbed from previous 57.9 to 58.7 in April

Source  Fxstreet1778043776
Indian Rupee advances on improved market sentiment

USD/INR extends losses for the second successive day, trading around 95.00 during the Asian hours on Wednesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.

Source  Fxstreet1778041957
China’s RatingDog Services PMI rises to 52.6 in April  

China's Services Purchasing Managers' Index (PMI) rose to 52.6 in April from 52.1 in March, the latest data published by RatingDog showed on Wednesday.  

Source  Fxstreet1778031946

China RatingDog Services PMI climbed from previous 52.1 to 52.6 in April

Source  Fxstreet1778031901

Ireland AIB Services PMI declined to 49.7 in April from previous 50.7

Source  Fxstreet1778025662
US President Donald Trump: Project Freedom paused amid progress toward Iran agreement

US President Donald Trump said that the US military will temporarily pause "Project Freedom" to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday.

Source  Fxstreet1778025012

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

Source  Fxstreet1778022001

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

Source  Fxstreet1778022001
New Zealand’s Unemployment Rate falls to 5.3% in Q1 vs. 5.4% expected

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%.

Source  Fxstreet1778021446

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

Source  Fxstreet1778021109

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

Source  Fxstreet1778021105

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

Source  Fxstreet1778021102

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

Source  Fxstreet1778021102
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