The Pound Sterling (GBP) discovers strong buying interest near the psychological support of 1.2500 against the US Dollar in Tuesday’s New York session.

United States Redbook Index (YoY) up to 6.3% in May 10 from previous 6%

The US Dollar (USD) is retreating after an initial knee jerk reaction on the back of the Producer Price Index release. The downward revisions are good enough for markets to bet on a less hot Consumer Price Index print on Wednesday. The remaining main

EUR/USD advances slightly above the round-level resistance of 1.0800 in Tuesday’s early American session.

The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Tuesday.

United States Producer Price Index ex Food & Energy (MoM) came in at 0.5%, above forecasts (0.2%) in April

United States Producer Price Index (YoY) meets forecasts (2.2%) in April

United States Producer Price Index ex Food & Energy (YoY) meets expectations (2.4%) in April

Canada Wholesale Sales (MoM) came in at -1.1%, above expectations (-1.3%) in March

United States Producer Price Index (MoM) above expectations (0.3%) in April: Actual (0.5%)

Natural Gas price (XNG/USD) has given traders a nice run, rallying 40% since the end of March. This movement partially came on the back of Israel and its continuing attacks on Gaza. With pressure building from world leaders, calling out Israel to at leas

Gold price (XAU/USD) stabilizes in the $2,330s on Tuesday as geopolitical risks continue to stoke demand for the safe-haven asset.

The Mexican Peso (MXN) meets resistance in its upwards climb on Tuesday – and pulls back – possibly due to growing concerns about the fragmentation of international trade that could especially hit export-based emerging-market economies like Mexico.

The USD/JPY pair extends its upside to 156.50 in Tuesday’s European session.

The USD/CAD pair stays on sidelines below the round-level resistance of 1.3700 in Tuesday’s European session.

United States NFIB Business Optimism Index registered at 89.7 above expectations (88.1) in April

Dr. Marco Wagner, Senior Economist at Commerzbank, notes that there is virtually no doubt that the European Central Bank (ECB) will lower key interest rates in June but argues that the ECB will hardly be able to lower the deposit rate below 3%.

Analysts at TD Securities preview the upcoming Consumer Price Index (CPI) and Retail Sales data from the US.

South Africa Unemployment Rate (%) climbed from previous 32.1% to 32.9% in 1Q

South Africa Unemployment Total climbed from previous 7.895M to 8.226M in 1Q

Spain 9-Month Letras Auction down to 3.427% from previous 3.507%

Spain 3-Month Letras Auction dipped from previous 3.597% to 3.584%

United States Trade Representative Katherine Tai announced on Tuesday that she will be proposing modifications to China tariffs and will continue to work with partners to continue to expand opportunities for US workers and manufacturers, per Reuters.

The headline German ZEW Economic Sentiment Index improved to 47.1 in May from 42.9 in April.

Eurozone ZEW Survey – Economic Sentiment came in at 47, above forecasts (46.1) in May

Germany ZEW Survey – Economic Sentiment registered at 47.1 above expectations (46.3) in May

Germany ZEW Survey – Current Situation came in at -72.3, above forecasts (-75) in May

Greece Consumer Price Index (YoY) fell from previous 3.2% to 3.1% in April

Greece Consumer Price Index - Harmonized (YoY) fell from previous 3.4% to 3.2% in April

GBP/JPY snaps its six-day winning streak, trading around 195.90 during the European session on Tuesday.