The Pound Sterling resumed its advance against the US Dollar, climbing more than 0.40% and trading at 1.2518.
The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle.
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States (US).
The AUD/JPY exhibits substantial bullish momentum, standing at the 101.39 level and showing an encouraging 0.54% rally.
The Dow Jones hit its lowest bids in a week after US Gross Domestic Product (GDP) figures missed forecasts and US Core Personal Consumption Expenditures (PCE) inflation came in higher than expected.
The continuation of the downward bias hurt the Greenback and prompted the USD Index (DXY) to recede to multi-day lows following disheartening GDP readings and higher inflation prints, all prior to Friday’s release of PCE data.
United States 7-Year Note Auction increased to 4.716% from previous 4.185%
The Mexican Peso (MXN) fell during the North American session on Thursday, depreciating more than 0.5% against the US Dollar following the release of the Gross Domestic Product (GDP) in the United States (US) for the first quarter of 2024, which was weaker than expected.
The Canadian Dollar (CAD) spread on Thursday, giving a mixed performance and sticking close to familiar technical levels after US data printed in both directions early in the US market session.
The US Dollar Index (DXY) is seen trading mildly down at 105.75 on Thursday and struggling to gain more ground following its extended rally in April.
United States 4-Week Bill Auction dipped from previous 5.28% to 5.275%
United States Kansas Fed Manufacturing Activity dipped from previous -9 to -13 in April
The Euro rallied to a near 16-year high against the Japanese Yen, hitting levels last seen in August 2008, with the latter remaining the laggard in the FX space.
United States EIA Natural Gas Storage Change registered at 92B above expectations (87B) in April 19
AUD/USD trades back below 0.6500 on Thursday, after peaking at 0.6539 earlier in the day.
United States Pending Home Sales (YoY) climbed from previous -7% to 0.1% in March
United States Pending Home Sales (MoM) came in at 3.4%, above forecasts (0.3%) in March
Silver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart which bodes ill for the precious metal’s price going forward.
Russia Central Bank Reserves $: $603.2B vs $600.7B
There were 207,000 initial jobless claims in the week ending April 20, the weekly data published by the US Department of Labor (DOL) showed on Thursday.
United States Personal Consumption Expenditures Prices (QoQ) increased to 3.4% in 1Q from previous 1.8%
United States Core Personal Consumption Expenditures (QoQ) above expectations (3.4%) in 1Q: Actual (3.7%)
United States Gross Domestic Product Price Index climbed from previous 1.7% to 3.1% in 1Q
United States Gross Domestic Product Annualized registered at 1.6%, below expectations (2.5%) in 1Q
United States Wholesale Inventories registered at -0.4%, below expectations (0.2%) in March
United States Initial Jobless Claims came in at 207K, below expectations (214K) in April 19
United States Continuing Jobless Claims below forecasts (1.81M) in April 12: Actual (1.781M)
United States Goods Trade Balance came in at $-91.8B below forecasts ($-91.2B) in March
United States Initial Jobless Claims 4-week average down to 213.25K in April 19 from previous 214.5K
Oil prices edge up on Thursday as traders digest the US Crude Inventory release, which was taken as bullish for near-term prices. Overall, the release showed a chunky draw of 6.368 million barrels, which puts the US inventory at its lowest level since
The USD/JPY trades higher on Thursday, rising into the mid 155.00s, on the back of a recent step-rise in US Treasury Bond yields as the pair shrugs off yet more verbal intervention from the Japanese Finance Minister (MOF) Sunichi Suzuki.
The NZD/USD pair extends its winning streak for the fourth trading session on Thursday.
Gold price (XAU/USD) remains well-supported above the crucial support of $2,300 in Thursday’s European session.
The US Dollar (USD) is receiving another hit on Thursday and doesn’t seem to need much more to fall against the canvas with a KO.
The Mexican Peso (MXN), which is especially sensitive to risk aversion, trades overall lower on Thursday after weakening on souring market sentiment and rising geopolitical tensions.
South Africa Producer Price Index (MoM) rose from previous 0.5% to 1.1% in March
South Africa Producer Price Index (YoY) rose from previous 4.5% to 4.6% in March
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
USD/CAD pares its recent gains registered in the previous session, trading around 1.3670 during the European hours on Thursday.
Gold prices rose in India on Thursday, according to data from India's Multi Commodity Exchange (MCX).
GBP/JPY attracts strong follow-through buying for the third successive day on Thursday.
“The risks to economic growth remain tilted to the downside,” the European Central Bank’s (ECB) Economic Bulletin showed on Thursday.
The EUR/GBP cross continues to lose ground for the third consecutive session, trading around 0.8570 during the European session on Thursday.
Silver Price (XAG/USD) finds interim support near $27 in Thursday’s European session after facing a sharp sell-off in the past week.
European Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that the “biggest concern is clearly services inflation." Additional comments "There is a consensus emerging that we may be facing a quite bumpy last mile.” "The more concerning part is productivity growth." “We've had negative productivity growth now over several quarters." .
EUR/USD sherpa-treks higher on Thursday, with a foothold now above 1.0700 as it continues its labored recovery from the 1.0601 April lows.
The Pound Sterling (GBP) advances to near the psychological resistance of 1.2500 against the US Dollar (USD) in Thursday’s London session.
Here is what you need to know on Thursday, April 25: The US Dollar (USD) stays under modest selling pressure on Thursday as investors gear up for key data releases.
The US Bureau of Economic Analysis (BEA) will publish the first estimate of the US Gross Domestic Product (GDP) for the January-March period on Thursday.
France Business Climate in Manufacturing below forecasts (102) in April: Actual (100)
The EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday.
FX option expiries for Apr 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0595 390m 1.0640 1.2b 1.0650 990m 1.0700 750m 1.0750 767m 1.0760 642m 1.0800 689m 1.0850 839m - GBP/USD: GBP amounts 1.2410 400m 1.2500 432m - USD/JPY: USD amounts 153.00 1.7b 154.00 1.2b 155.00 1.9b 155.25 441m 155.85 1.2b - AUD/USD: AUD amounts 0.6430 559m 0.6635 505m - USD/CAD: USD amounts 1.3650 379m 1.3750 457m .
Germany GfK Consumer Confidence Survey came in at -24.2, above expectations (-25.9) in May
Sweden Producer Price Index (MoM) climbed from previous 0% to 0.6% in March
Sweden Producer Price Index (YoY) climbed from previous -1.3% to -0.6% in March
EUR/USD recovers its recent losses registered in the previous session, trading around 1.0710 during the Asian session on Thursday.
The USD/CHF pair trades on a weaker note near 0.9145 during the early European session on Thursday.
Japan Leading Economic Index meets forecasts (111.8) in February
Japan Coincident Index up to 111.6 in February from previous 110.9
The NZD/USD pair moves in the positive direction, trading around 0.5940 during the Asian session on Thursday.
The GBP/USD pair consolidates its strong recovery gains registered over the past two days, from the 1.2300 mark or the YTD low set earlier this week and oscillates in a range during the Asian session on Thursday.
Gold price (XAU/USD) extends its consolidative price move above the $2,300 mark during the Asian session on Thursday as traders more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets.
The Australian Dollar (AUD) edges higher for the fourth consecutive session on Thursday.
Indian Rupee (INR) extends its downside on Thursday despite the decline of the US Dollar (USD).
The Japanese Yen (JPY) extends its weakening trend further below the 155.00 psychological mark and drops to the lowest level since June 1990 against its American counterpart during the Asian session on Thursday.
Japan's Hayashi Won't comment on forex levels or forex intervention.
AUD/JPY edges higher for the fourth consecutive session on Thursday.
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 on Thursday.
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1058 as compared to the previous day's fix of 7.1048 and 7.2472 Reuters estimates.
The EUR/USD pair hovers around the 1.0700 psychological level on Thursday during the early Asian session.
Japan Foreign Investment in Japan Stocks fell from previous ¥1740B to ¥-492.4B in April 19
The USD/CAD pair extends its recovery around 1.3705 during the early Asian trading hours on Thursday.
The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report.
USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad fx market.
The GBP/USD pair snaps the two-day winning streak near 1.2460 amid the modest rebound of the US Dollar (USD) on Thursday during the early Asian session.
South Korea Gross Domestic Product Growth (YoY) came in at 34%, above forecasts (2.4%) in 1Q
South Korea Gross Domestic Product Growth (QoQ) registered at 1.3% above expectations (0.6%) in 1Q
The GBP/JPY broke into a fresh nine-year high above 193.60 on Wednesday as the Pound Sterling (GBP) sees recovery bidding and the Japanese Yen (JPY) continues to weaken despite increasingly interventionist rhetoric from the Bank of Japan (BoJ).
The NZD/USD rose to 0.5937 on Wednesday’s session, presenting subtle gains.
South Korea BOK Manufacturing BSI fell from previous 74 to 71 in May