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April NFP Lands at 8:30 AM Today — 65K Forecast, a New Fed Chair, and the Dollar at Triple-Bottom Support

TradingKey - April 2026 NFP forecast 62K–70K vs March 178K. Unemployment expected 4.3%. Fed on hold at 3.50–3.75% with Kevin Warsh as new chair. DXY triple-bottom at $97.69. Trade setup inside.The Apr

Source  Tradingkey1778228702
ECB: Data-dependent hiking path under Middle East uncertainty – Nordea

Nordea’s Chief Analyst Jan von Gerich argues that the European Central Bank remains focused on inflation risks despite softer sentiment data and downside growth risks.

Source  Fxstreet1778227691
EUR/CAD holds gains near 1.6050 as Euro advances on hawkish ECB tone

EUR/CAD extends its gains for the third successive day, trading around 1.6040 during the European hours on Friday. The currency cross remains stronger as the Euro (EUR) remains firm against its major peers despite the decline in Germany’s industrial sector activity in March.

Source  Fxstreet1778225828

Austria Industrial Production (YoY): 1.7% (March) vs 1.1%

Source  Fxstreet1778223632

Spain Industrial Output Cal Adjusted (YoY) rose from previous -1.1% to 1.8% in March

Source  Fxstreet1778223601
Forex Today: No signs of US-Iran deal as focus shift to US employment data

Here is what you need to know on Friday, May 8:

Source  Fxstreet1778223056

Germany Industrial Production n.s.a. w.d.a. (YoY) down to -2.8% in March from previous 0%

Source  Fxstreet1778220125

South Africa Net $Gold & Forex Reserve up to $73.757B in April from previous $73.187B

Source  Fxstreet1778220108
German Industrial Production falls 0.7% MoM in March vs. 0.5% expected

Germany’s industrial sector activity fell sharply in March, the latest data published by Destatis showed on Friday.

Source  Fxstreet1778220063

United Kingdom Halifax House Prices (MoM) meets forecasts (-0.1%) in April

Source  Fxstreet1778220028

South Africa Gross $Gold & Forex Reserve fell from previous $77.759B to $77.09B in April

Source  Fxstreet1778220020

Sweden Industrial Production Value (YoY) declined to 3% in March from previous 7%

Source  Fxstreet1778220019

Sweden Industrial Production Value (MoM): -2% (March) vs previous 5.1%

Source  Fxstreet1778220018

Sweden New Orders Manufacturing (YoY) fell from previous 1% to -7.3% in March

Source  Fxstreet1778220017

Germany Trade Balance s.a. registered at €14.3B, below expectations (€18.4B) in March

Source  Fxstreet1778220008

Germany Imports (MoM) came in at 5.1%, above forecasts (0.8%) in March

Source  Fxstreet1778220005

Germany Industrial Production s.a. (MoM) registered at -0.7%, below expectations (0.5%) in March

Source  Fxstreet1778220004

Netherlands, The Manufacturing Output (MoM) up to 2.8% in March from previous -1.3%

Source  Fxstreet1778214602
US Nonfarm Payrolls expected to rise by 62K in April

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT. 

Source  Fxstreet1778212800
Iran Situation Roils Global Markets: US Stocks ‘Rally,’ Treasuries ‘Cool,’ Does Stock-Bond Divergence Hide Big Risks?

TradingKey - Against the backdrop of the Iranian situation driving up oil prices and magnifying economic uncertainty, U.S. stocks have shown strength, appearing largely unaffected by oil price volatil

Source  Tradingkey1778212783
Asian stock markets slump on renewed uncertainty over Middle East conflicts

Asian equity markets face selling pressure on Friday as risks over the sustainability of the month-long fragile ceasefire between the United States (US) and Iran have increased, following renewed clashes between both nations around the Strait of Hormuz.

Source  Fxstreet1778212364

Indonesia Foreign Reserves declined to $146.2 in April from previous $148.2

Source  Fxstreet1778212142
Japan intervened in FX market again during May holidays – Reuters

Citing a source familiar with the matter, Reuters reported on Friday that Japan’s officials intervened in the foreign exchange market during holidays in early May, after having conducted Japanese Yen-buying operations on April 30.

Source  Fxstreet1778210344
US Trade Court rules Trump’s 10% global tariff is illegal — Reuters

A US trade court ruled against US President Donald Trump's latest 10% global tariffs, finding they were not justified under a 1970s trade law, however the court only blocked the levy on two small businesses and the state of Washington, Reuters reported on Thursday.

Source  Fxstreet1778203289

Japan Jibun Bank Services PMI below expectations (51.2) in April: Actual (51)

Source  Fxstreet1778200202

Japan Labor Cash Earnings (YoY) registered at 2.7%, below expectations (3.2%) in March

Source  Fxstreet1778196602

South Korea Current Account Balance rose from previous 23.19B to 37.33B in March

Source  Fxstreet1778194802
USD/IDR: Overbought conditions and support levels – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong describe USD/IDR as easing from overbought territory as hopes of a US–Iran deal support sentiment. Bank Indonesia’s (BI) tighter rules on cash FX purchases and comments that the Rupiah (IDR) is undervalued back stabilization efforts.

Source  Fxstreet1778187420
South Korea: Modest tightening prospects – DBS

DBS Group Research economist Ma Tieying expects the Bank of Korea (BoK) to keep its base rate at 2.50% at the May 28 meeting, but now projects a single 25 bps hike in 3Q 2026 to 2.75%.

Source  Fxstreet1778184060
Thailand: Cost-push spike, steady BoT rate – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya argue that Thailand’s sharp April Consumer Price Index (CPI) jump is driven mainly by energy and selective food pass-through rather than broad demand-led reflation.

Source  Fxstreet1778181420
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