Italy HCOB Services PMI above forecasts (47.6) in April: Actual (49.8)

May 6, 2026

GBP/JPY pares suspected JPY intervention-inspired losses; stays pressured below 213.00

The GBP/JPY cross retreated nearly 350-pips from the weekly top, around the 214.20-214.25 region set earlier this Wednesday, amid another suspected government intervention to prop up the Japanese Yen (JPY).

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May 6, 2026

USD/CAD Price Forecast: Trades below 1.3600, nine-day EMA as bearish bias prevails

USD/CAD extends its losses for the second successive day, trading around 1.3590 during the early European hours on Wednesday. However, the technical analysis of the daily chart indicates the pair is positioned within the descending channel pattern, signaling an ongoing bearish bias.

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