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#wti

🛢 WTI oil is trading at $62,50 per barrel.

🛢 Market participants' optimism remains restrained, as traders expect oil production in OPEC+ countries to grow by 960 thousand barrels per day from April to June. In addition, there is a possibility of signing a "nuclear deal" between Iran and the United States, after which some of the sanctions imposed by Washington on Iranian oil exports will be lifted, facilitating the release of additional volumes to the market.

📊 Today at 20:30 GMT, data on oil reserves in the United States will be published from the American Petroleum Institute (API). Tomorrow, a similar report will be released from the Energy Information Administration (EIA). If reserves grow again, pressure on "black gold" quotes will increase.

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⚠️ The core US consumer price index fell to 2.3% year-on-year in April, from 2.4%, while the core measure excluding food and energy prices remained unchanged at 2.8%;

🇬🇧 The unemployment rate in England rose to 4.5% from 4.4% last month;

🛢 According to the American Petroleum Institute (API), US oil inventories rose by 4.2 million barrels last week against the forecast for a decline of 2.4 million barrels;

🇯🇵 Japan's producer price index rose by 0.2% in April, while the annual growth was 4%;

📰 US President Donald Trump said he does not allow tariffs on Chinese imports to return to 145% after a 90-day pause.

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#xagusd

🥈 The XAG/USD pair is trading at $32.80.

📰 Silver is under pressure from the overall improvement in market sentiment. Earlier, the US and China reached a preliminary agreement to reduce tariffs. Thus, the US will reduce tariffs on Chinese goods from 145% to 30%, while China will reduce them from 125% to 10%. Thus, the mirror reduction of duties was a significant step towards de-escalating the trade conflict between the two leading world economies.

📣 Demand for safe-haven assets also declined amid comments from US President Donald Trump, who told Fox News that relations between the US and China are developing well. At the same time, he confirmed his readiness to hold direct talks with Xi Jinping in order to reach a broader bilateral trade agreement.

📉 According to analysts, the decline in the XAG/USD pair may continue.

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📹 What are dividends?

⚠️ Today, traders will focus on US industrial inflation data, as well as a speech by Fed Chairman Jerome Powell, which may clarify the prospects for changes in US monetary policy;

📣 Leading adviser to Iran's Supreme Leader Ali Shamkhani said that Iran is ready to sign a conditional nuclear deal with US President Donald Trump in exchange for the lifting of economic sanctions;

🛢 According to the Energy Information Administration, US oil inventories rose by 3.4 million barrels last week against the forecast for a decline of 1 million barrels;

🇦🇺 The wage index in Australia rose by 3.4% in the first quarter after growing by 3.2% in the fourth quarter of 2024;

🏛 US President Donald Trump continues to criticize Fed Chairman Powell for not cutting interest rates despite slowing inflation.