EUR/USD
EUR/USD bidders eased off the gas pedal on Wednesday, allowing Fiber to retreat around one-third of one percent and pushed bids back below the 1.0900 major price handle. Despite a significant recovery in EUR/USD over the last couple of weeks, buyers are settling back down after readjusting Fiber by over 5% in less than two weeks.
GBP/USD
GBP/USD attempts to extend its gains for the third successive day, trading around 1.2960 during the Asian session on Thursday. The GBP/USD pair rises as the US Dollar (USD) faces headwinds amid ongoing tariff uncertainty from US President Donald Trump and growing concerns over a potential US recession.
USD/JPY
USD/JPY turns south to test 148.00 in Thursday’s Asian session. A cautious risk tone and concerns over a global trade war keep the Japanese Yen underpinned, dragging the pair lower. The pair also faces headwinds from the divergent BoJ-Fed policy expectations.
AUD/USD
AUD/USD is holding steady above 0.6300 in the Asian session on Thursday. The pair draws support from a broadly subdued US Dollar even as markets remain wary of escalating trade war, assessing its implications on global economic prospects. US PPI inflation eyed for fresh impetus.
NZD/USD
The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD). The US Producer Price Index (PPI) will be the highlight later on Thursday, followed by the weekly Initial Jobless Claims.
USD/CAD
The USD/CAD pair weakens to near 1.4365 during the late American session on Wednesday. The upside for the Greenback might be limited amid intense tariff uncertainty from US President Donald Trump and fears of a US recession.
USD/CHF
he USD/CJF holds firm around the 0.8810 mark for the second consecutive day after bouncing off yearly lows of 0.8757. At the time of writing, the pair trades at 0.8814, virtually unchanged, as Thursday’s Asian session begins.
CRUDE OIL
Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns against firm near-term demand.
Gold price is building on the recent upswing early Thursday, looking to retest lifetime highs of $2,956. Gold buyers cheer a bullish technical setup as markets assess the implications of Trump-induced global trade war.
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