Swiss inflation falls below expectations in April, raising prospects of SNB rate cuts and possible NIRP return.
UK services sector contracts in April 2025 as new orders drop and business confidence weakens sharply.
Falling oil prices reduce drilling, impacting US production and natural gas supply amid rising LNG export demand.
NZD likely holds between 0.5930–0.5980 short-term; potential retest of 0.6030 if 0.5890 holds.
SNB’s Martin Schlegel signals possible return of negative interest rates amid expectations of lower Swiss inflation.
OPEC+ boosts oil supply again; Saudi Arabia leads amid price drops, fiscal strain, and market uncertainty.
EU Trade Commissioner proposes zero tariffs on industrial goods to boost talks, especially with India.
Taiwan dollar surges amid trade speculation; USD weakens as markets eye Fed’s stance on rate cuts.
Spain’s service sector slows; PMI drops, costs rise amid tariffs. Optimism wanes despite workforce expansion.
USD/CAD shows bearish momentum near 1.3800 support; potential breakout could signal further downside or recovery.
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