ECB May Raise Interest Rates in June Unless Economic Outlook Improves, Says Bundesbank President

Bundesbank President Joachim Nagel indicated that the European Central Bank could increase interest rates in June if the economic outlook does not show improvement. This signals a cautious approach to monetary policy amid uncertain economic conditions.

Date: 01.05.2026 | Source: FOR-EX.NEWS

EUR/USD Eyes Gains As USD/CHF Weakness Deepens Again

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1650 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.

Date: 01.05.2026 | Source: actionforex.com

Weekly Review: Markets at Highs, Fed Bolstering USD, That Creates Headwinds for Gold and Bitcoin

The US dollar has received positive news from the Fed, the oil market and the US economy. Jerome Powell is staying in the FOMC, Brent crude has surpassed $120 per barrel, and orders for durable goods excluding aircraft and military equipment jumped by 3.3% in March.

Date: 01.05.2026 | Source: actionforex.com

US Dollar Price Forecast: Fed Rate Fears Prop Dollar Up – Can GBP/USD and EUR/USD Hold Their Gains?

DXY stalls below 99 trendline resistance as GBP/USD breaks above 1.3580 targeting 1.3720, while EUR/USD bounces off trendline support toward the 1.1800 level.

Date: 01.05.2026 | Source: fxempire.com

Pound to Canadian Dollar Price Forecast: GBP Climbs as CAD Tracks Oil Lower

The Pound to Canadian Dollar (GBP/CAD) exchange rate moved higher on Thursday as Sterling gained modest support despite cautious central bank messaging, while the ‘Loonie' softened. At the time of writing, GBP/CAD was trading near CA$1.8477, up around 0.2% on the day.

Date: 01.05.2026 | Source: exchangerates.org.uk

Pound to Dollar Price News, Forecast: GBP Hits 13-Day Best on USD Weakness

The Pound to Dollar (GBP/USD) exchange rate rallied on Thursday as improving market sentiment and US Dollar weakness lifted the pairing. At the time of writing, GBP/USD was trading around $1.3576, up more than 0.7% on the day.

Date: 01.05.2026 | Source: exchangerates.org.uk

ECB's Nagel Warns Situation Worsening Compared to March Baseline

European Central Bank's Nagel indicates that the current economic situation is evolving less favorably than the projections made in March. This suggests increased uncertainty and potential challenges ahead for the Eurozone economy.

Date: 01.05.2026 | Source: FOR-EX.NEWS

GBP/JPY turns upside down to near 212.00 on likely Japan's intervention

GBP/JPY turns upside down to near 212.00 on likely Japan's intervention

Date: 01.05.2026 | Source: fxstreet.com

USD/JPY dives to 155.50 lows on another alleged intervention

USD/JPY dives to 155.50 lows on another alleged intervention

Date: 01.05.2026 | Source: fxstreet.com

ECB's Nagel Signals June Policy Response if Economic Outlook Remains Weak

ECB Executive Board member Joachim Nagel indicated that a policy response in June would be more appropriate if the economic outlook does not show significant improvement. This suggests cautious monitoring of economic conditions before taking action.

Date: 01.05.2026 | Source: FOR-EX.NEWS

Quotes

Instrument Price Change (%)
EURUSD 1.173600 +0.044328%
GBPUSD 1.360390 +0.00147%
USDJPY 156.427000 -0.086228%
XAUUSD 4572.790000 -1.06608%
USDCAD 1.357920 -0.011781%
NZDUSD 0.589370 -0.23191%
USDCHF 0.781580 +0.072982%
AUDUSD 0.719290 -0.11248%
EURGBP 0.862700 +0.044067%
EURJPY 183.616000 -0.076732%
GBPJPY 212.812000 -0.058703%
AUDJPY 112.509000 -0.14378%
CADJPY 115.208000 -0.034708%
CHFJPY 200.204000 -0.09232%
NZDJPY 92.201000 -0.29306%
GBPCHF 1.063060 +0.096042%
EURCHF 0.917250 +0.10368%
USDMXN 17.467710 +0.13018%
USDZAR 16.713830 +0.082814%
USDTRY 45.175900 +0.00487%
USDRUB 74.925000 +0.053415%
USDSEK 9.240100 +0.15728%
USDCNY 6.826800 +0%

Upcoming Important Events

Time Country Event Forecast Previous
01.05.2026
14:00 🇺🇸 ISM Manufacturing PMI (Apr) 53 52.7
05.05.2026
04:30 🇦🇺 Interest Rate Decision (May) 4.1
14:00 🇺🇸 ISM Non-Manufacturing PMI (Apr) 54 54
14:00 🇺🇸 ISM Non-Manufacturing Prices (Apr) 70.7
14:00 🇺🇸 ISM Services PMI (Apr) 54 54
14:00 🇺🇸 JOLTs Job Openings (Mar) 7 6.882
06.05.2026
14:00 🇨🇦 Ivey PMI (Apr) 47 49.7
07.05.2026
01:30 🇦🇺 Balance of Trade (Mar) 4 5.686
08.05.2026
12:30 🇺🇸 Non Farm Payrolls (Apr) 73 178
12:30 🇨🇦 Unemployment Rate (Apr) 6.7 6.7