Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro- Major European Indices 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
• NZD/USD drifted lower on Friday as markets turned their focus to U.S.-China trade talks this weekend.
• U.S. Treasury Secretary Scott Bessent will meet China’s Vice Premier He Lifeng in Switzerland on May 10 to address trade disputes impacting crude oil demand and global growth.
•A U.S.-UK trade deal has boosted optimism for progress in U.S.-China trade talks set for Saturday .
• Trump expressed optimism about upcoming U.S.-China trade talks, suggesting meaningful negotiations will take place and indicating that the 145% tariffs on Chinese goods could be lowered.
• On the monetary front, markets are heavily betting on a rate cut from the Reserve Bank of New Zealand to 3.25% this month, with swaps indicating further easing to a terminal rate of 2.75%.
• Immediate resistance is located at 0.5939(38.2%fib), any close above will push the pair towards 0.5977(May 8th high).
• Support is seen at 0.5863 (50%fib) and break below could take the pair towards 0.58180(April 14th low).
Recommendation: Be on sidelines
