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Euro strengthens ahead of Germany’s Trade Balance data
EUR/USD extends its gains for the second successive day, trading around 1.1430 during the Asian hours on Thursday. The Euro (EUR) receives support against the US Dollar (USD) ahead of Germany’s Trade Balance data release later in the day.
AUD/JPY Price Forecast: Weakens to near 112.50, but uptrend remains constructive
The AUD/JPY cross trades in negative territory around 112.62 during the early European trading hours on Thursday.
WTI Price Forecast: Fails near 23.6% Fibo. amid mixed technical setup; hovers near $74.00
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a two-day rally, reaching an over two-week high touched the previous day, and trades with a negative bias during the Asian session on Thursday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Japanese Yen bulls seem hesitant as US-Japan rate gap counters intervention risks
The USD/JPY pair edges lower during the Asian session on Thursday and, for now, seems to have snapped a four-day winning streak, though it lacks bearish conviction. Spot prices currently trade just below mid-162.00s and remain within striking distance of a four-decade high touched last Wednesday.
Indonesian Rupiah weakens following Retail Sales data
USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses following Retail Sales, which fell 3.9% year-over-year in May, against the previous decline of 3.7%.
Gold clings to gains on weaker USD; bearish bias remains amid Iran risks, Fed hike bets
Gold (XAU/USD) maintains its bid tone above the $4,100 mark through the first half of the European session on Thursday and looks to build on the previous day's bounce from a one-week low.
EUR/JPY Price Forecast: Tests symmetrical triangle top above 185.50
EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday.
Canadian Dollar gains ground on surging Oil, rising BoC hike bets
The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday.
Silver Price Forecast: XAG/USD rebounds above $58.00 despite inflation fears
Silver price (XAG/USD) inches higher after three days of losses, trading around $58.30 per troy ounce during the Asian hours on Thursday.
Iran's Ghalibaf says any US military action will be met with retaliation
Iranian Parliament speaker Mohammad Bagher Ghalibaf warned the United States (US) after two days of renewed US strikes, saying that any U.S. military action will prompt retaliation. Ghalibaf emphasized that access to the Strait of Hormuz remains under Iranian control.
New Zealand Dollar holds ground despite softer China’s CPI data
NZD/USD extends its gains for the second successive day, trading around 0.5720 during the Asian hours on Thursday. The pair holds gains as the New Zealand Dollar (NZD) remains stronger following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China.
China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected
China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period.