⚠️ 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.

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#gbpusd

🇬🇧 🇺🇸 The GBP/USD pair is trading at 1.3280.

📊 The pound is supported by national statistics, according to which the UK economy grew by 0.7% in the first quarter, compared to the forecast for growth of 0.6%. In addition, the figure was much better than the result of the last quarter of 2024, when GDP grew by 0.1%. Higher GDP growth in the UK confirms the strength of the economy, which reduces the likelihood of more significant easing of national monetary policy.

📣 On Wednesday, Catherine Mann, a member of the Monetary Policy Committee (MPC) at the Bank of England, told CNBC that the interest rate should be kept at the current level due to the risks of rising inflation and a stable labor market.

📈 According to analysts, the pound retains growth potential.

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