The US Dollar (USD) is able to snap the repetitive pattern for this week and looks to be keeping its gains on Wednesday, picking up momentum against most Asian peers. Leading the decline in Asian pairs is the Japanese Yen (USD/JPY) which is breaking

EUR/USD is slightly down to 1.0740 in Wednesday’s early American session.

Oil prices sank more than 1.5% in Wednesday’s European session, with West Texas Intermediate (WTI) US crude prices reaching their lowest levels in almost two months. Markets are not responding well to the headline that Iran plans to add between

The Pound Sterling (GBP) slips below the psychological support of 1.2500 against the US Dollar (USD) in Wednesday’s early New York session.

Brazil Retail Sales (MoM) came in at 0%, above expectations (-0.1%) in March

Gold price (XAU/USD) struggles for a direction in Wednesday’s London session.

United States MBA Mortgage Applications increased to 2.6% in May 3 from previous -2.3%

The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European session.

Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that rapid, one-sided falls in the Japanese Yen are undesirable and negative for the Japanese economy, per Reuters.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

Gold prices fell in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).

Italy Retail Sales n.s.a (YoY) fell from previous 2.4% to 2% in March

Italy Retail Sales s.a. (MoM) below forecasts (0.2%) in March: Actual (0%)

AUD/JPY hovers around 102.00 during the European session on Wednesday.

FX option expiries for May 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0640 488m 1.0680 440m 1.0750 946m 1.0775 464m 1.0825 1.1b 1.0900 546m - GBP/USD: GBP amounts 1.2500 460m 1.2750 409m - EUR/GBP: EUR amounts 0.8400 450m 0.8580 449m - USD/JPY: USD amounts 153.75 835m 154.50 490m 155.60 583m - AUD/USD: AUD amounts 0.6500 643m 0.6600 980m - USD/CAD: USD amounts 1.3450 1b 1.3750 400m 1.3760 350m .

Sweden Riksbank Interest Rate Decision in line with forecasts (3.75%)

USD/JPY trades around 155.30 during the early European session on Wednesday, marking a third consecutive day of gains.

Austria Trade Balance climbed from previous €724.4M to €1181.7M in February

Spain Industrial Output Cal Adjusted (YoY) declined to -1.2% in March from previous 1.5%

Gold price (XAU/USD) attracts some sellers on the firmer US Dollar (USD) during the Asian trading hours on Wednesday.

The USD/CHF pair posts modest gains near 0.9085 during the early European trading hours on Wednesday.

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday.

Germany Industrial Production n.s.a. w.d.a. (YoY) up to -3.3% in March from previous -4.9%

Germany Industrial Production s.a. (MoM) above expectations (-0.6%) in March: Actual (-0.4%)

South Africa Net $Gold & Forex Reserve: $57.851B (April) vs $57.513B

South Africa Gross $Gold & Forex Reserve fell from previous $62.323B to $61.795B in April

Here is what you need to know on Wednesday, May 8: The US Dollar (USD) stays resilient against its rivals early Wednesday after posting marginal gains on Tuesday.

The EUR/JPY cross trades on a positive note for three straight days around 166.65 on Wednesday during the early European session.

NZD/USD trades around 0.5990 during the Asian session on Wednesday, marking a second consecutive day of losses.

Netherlands, The Manufacturing Output (MoM) fell from previous 1.4% to -1.5% in March