Dow Jones futures fall 0.36% to near 47,950 during European hours on Thursday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also lose 0.38% and 0.37% to near 6,800 and 25,000, respectively, at the time of writing.
UOB strategists Quek Ser Leang and Lee Sue Ann note that GBP/USD briefly broke above 1.3480 before retreating to the mid‑1.33s, suggesting a near‑term consolidation band between 1.3350 and 1.3450.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.2% to near 0.7030 vs. the US Dollar (USD) during the European trading session on Thursday.
BNY Strategist Geoff Yu notes that EUR flows have flipped from a pre-conflict ‘hedge the Dollar’ theme to a net underheld position.
EUR/JPY rebounds after registering little losses in the previous day, trading around 185.30 during the European hours on Thursday. The daily chart’s technical analysis indicates the currency cross is trending higher within an ascending channel, signaling a bullish bias.
Here is what you need to know on Thursday, April 9:
The Pound (GBP) is trading higher against a weak Japanese Yen (JPY), extending its rally for the fourth consecutive day, with pullbacks finding support in the lower 212.00s and March highs in the 213.30 area still on the bulls’ radar.
The NZD/USD pair attracts some dip-buyers following the previous day's late pullback from over a two-week high and turns positive for the fourth consecutive day on Thursday.
Austria Trade Balance increased to €-66.7M in January from previous €-1301M
MUFG’s Senior Currency Analyst Michael Wan expects USD/INR to remain range-bound, projecting a base-case trading band between 94.00 and 95.00 over time, with a wider 97.00–98.00 range in a risk scenario of rising Oil prices.
ING’s Francesco Pesole argues that while investors currently favour higher‑beta currencies, European Central Bank (ECB) pricing can still underpin the Euro (EUR).
Danske Research Team notes that Brent crude dropped sharply on the initial US-Iran ceasefire headlines but remains sensitive to Middle East supply risks. The Strait of Hormuz is still blocked, with Iran only indicating a possible reopening later this week.
