Most Important News for 2022-05-06

AUD/USD
EOD Return: -0.02%
AUD/USD drops below 0.7100 on RBA Monetary Policy Statement, US NFP in focus
"The RBA Monetary Policy Statement on Friday sharply raised inflation forecasts, leading to a sharp dip below 0.7100 and increased USD buying pressure, directly contributing to the AUD/USD’s significant decline."
EUR/GBP
EOD Return: 0.00%
EUR/GBP to rise towards 0.86 by year-end as BoE may be close to the top of its tightening cycle – ING
"The news reports a Bank of England ‘rate protest’ that sharply weakened the pound, directly explaining the EUR/GBP rally on that day."
EUR/JPY
EOD Return: -0.00%
EUR/JPY pokes weekly top below 138.00 as Japan returns from holiday
"It cites strong US Treasury yields and Japan’s holiday return, directly linking yen weakness to the negative EUR/JPY movement."
EUR/USD
EOD Return: 0.00%
Forex Today: Dollar comes back with bad intentions, eyes on NFP
"The article highlights the imminent release of the April Nonfarm Payrolls, a key US economic indicator that directly influences EUR/USD sentiment and likely contributed to the modest 0.04% rise."
GBP/USD
EOD Return: -0.00%
GBP/USD traders getting set for NFP, the straw to break the camel's back
"The article highlights the upcoming US Non‑Farm Payrolls (NFP) release as a key catalyst for GBP/USD, directly linking the currency’s movement to this major economic indicator."
NZD/USD
EOD Return: -0.01%
NZD/USD looking vulnerable to a break below 0.6400 as Wall Street craters
"The article highlights a potential break below key support at 0.6400 and links the decline to falling Wall Street sentiment, directly explaining the sharp negative move in NZD/USD on that day."
USD/CAD
EOD Return: 0.01%
USD/CAD jumps to fresh daily high, around 1.2875 region post-US/Canadian jobs data
"The article reports a direct jump in USD/CAD to a new daily high following US and Canadian jobs data, explaining the 0.79% end‑of‑day gain."
USD/CHF
EOD Return: 0.01%
USD/CHF: Options market turns most bullish in two month
"It reports a direct 0.21% rise in USD/CHF to 0.9872 and highlights the options market turning bullish, indicating immediate support for the currency pair’s upward movement."
USD/CNY
EOD Return: 0.01%
USD/CNY fix: 6.6332 vs. last close 6.6535, weakest since Nov 5 2020
"The PBOC’s daily midpoint fix set the yuan at its weakest level since November 2020, directly influencing USD/CNY strength for the day."
USD/INR
EOD Return: 0.01%
USD/INR Price News: Indian rupee bears eye 77.00 as risk-off underpins USD strength, US NFP eyed
"The article directly links USD/INR movement to US economic data (NFP) and Fed policy expectations, explaining the dollar’s strength and rupee weakness that drove the 0.50% gain."
USD/JPY
EOD Return: -0.00%
Forex Today: Dollar comes back with bad intentions, eyes on NFP
"The article highlights the upcoming April Nonfarm Payrolls (NFP) data, a key economic indicator that directly influences USD/JPY movements, explaining the day's negative return."
USD/KRW
EOD Return: 0.00%
USD/KRW: Scope to reach the top of a long-term channel at 1314/16 – Credit Suisse
"The Credit Suisse analysis directly forecasts a significant upside move for USD/KRW, citing strong long‑term uptrend and key support at the March 2020 high of 1293, which aligns with the observed 0.39% gain."
USD/TRY
EOD Return: 0.01%
USD/TRY Price Analysis: Prolonged consolidation favors upside break on advancing 200-EMA
"The article highlights a prolonged consolidation and bullish indicators (advancing EMAs, RSI in bullish range) suggesting an upcoming upside breakout for USD/TRY, directly explaining the positive EOD return."