USD/CAD has rebounded from 1.3340 after sensing intermediate stability in the oil price. The USD Index is struggling to keep its auction above 103.20 as the risk appetite theme has trimmed its appeal. One time weakness in Canadian Employment is insufficient to force the BoC to turn neutral again. (FXStreet)

USD/JPY is continuously oscillating below 140.00 as the focus shifts to US Inflation. More downside in the USD Index looks solid, facing pressure from the risk-appetite theme and the hopes of further US inflation easing. BoJ Ueda is expected to keep the interest rate policy unaltered as he has been reiterating the need for further monetary stimulus. (FXStreet)

EUR/USD finally pierces the key 1.0800 hurdle. Germany, EMU Economic Sentiment comes next in the docket. US CPI results are due later in the NA session. The single currency extends the auspicious start of the new trading week and lifts EUR/USD to fresh 3-week highs past 1.0800 the figure on Tuesday. (FXStreet)

The index appears offered near monthly lows around 103.30. US CPI is expected to extend the downward bias in May. The Fed starts its 2-day meeting later on Tuesday. The USD Index (DXY), which tracks the greenback vs. a basket of its main rival currencies, resumes the downtrend and trades at shouting distance from monthly lows near 103.30 on turnaround Tuesday. (FXStreet)

EUR/JPY scales higher for the second straight day and climbs to a two-week high on Tuesday. The ECB-BoJ policy divergence favours bulls and remains supportive of the ongoing move up. Traders now await the ECB decision and the BoJ meeting before placing fresh directional bets. (FXStreet)

GBP/JPY jumps 50 pips as strong UK employment report bolsters hawkish BoE bets. Upbeat UK data joins pair’s rebound from 100-HMA to lure buyers. Fortnight-old ascending resistance line can prod bulls; sellers have a long road to travel before retaking control. (FXStreet)

GBP/USD has shown a solid recovery to near 1.2550 after the release of better-than-anticipated UK Employment data. UK Claimant Count Change has dropped by 13.6K and the unemployment rate has slipped to 3.8%. The US headline CPI pace is seen decelerating to 0.2% while the pace in core inflation might remain steady at 0.4%. (FXStreet)

EUR/GBP eases from intraday high as Pound Sterling rises past UK data. UK Claimant Count Change slumps, ILO Unemployment Rate eases. Final readings of Germany’s inflation, per HICP, remains unchanged to 6.3% YoY in May. Market’s cautious mood ahead of US inflation limits reaction to the British job numbers, German inflation data. (FXStreet)

USD/CHF takes offers to refresh intraday low, snaps two-day winning streak. Bearish MACD signals, downside break of key moving average tease Swiss Franc pair bears. Convergence of 50-HMA, immediate rising support line challenge sellers. (FXStreet)

NZD/USD regains positive traction on Tuesday and climbs to a nearly three-week high. A combination of factors weighs on the USD and remains supportive of the momentum. Traders now look to the US CPI for a fresh impetus ahead of the FOMC on Wednesday. (FXStreet)

USD/IDR sticks to mild losses for the second consecutive day as Indonesia Retail Sales growth eases. Broad US Dollar weakness amid Fed concerns, China news weighs on Indonesia Rupiah. US CPI, Fed bets and risk catalysts eyed for clear directions. (FXStreet)

WTI prices retreated markedly on Monday against the backdrop of increasing open interest and volume. That said, further decline appears in store in the very near term with the immediate target at the 2023 low in the suib-$64.00 mark per barrel (May 4). (FXStreet)

Prices of natural gas climbed modestly at the beginning of the week. However, the uptick was on the back of diminishing open interest and rising volume, exposing the continuation of the current multi-week consolidation range. In the meantime, occasional bullish attempts should meet the initial up-barrier around monthly highs near the $2.40 mark per MMBtu (June 8). (FXStreet)

Gold price attracts some buyers on Tuesday and draws support from a softer US Dollar. Bets for a pause in the Fed’s rate-hiking cycle weigh on the US bond yields and the buck. Economic woes further lend support to the XAU/USD ahead of the crucial US CPI report. (FXStreet)

Silver catches fresh bids on Tuesday and recovers a major part of the overnight losses. The technical setup favours bullish traders and supports prospects for additional gains. A convincing break below the 2 (FXStreet)

Source: FXStreet

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