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DXY Price Forecast: Weakens Below 101.50, Keeps Bullish Tone Ahead of NFP
The US Dollar Index (DXY) slipped below 101.50 in early European trading, currently near 101.20, yet the broader outlook remains bullish as markets await the NFP report.
MUFG Sees Japanese Rates Heading Higher on Tankan, Capex, Inflation
MUFG strategist Michael Wan says Japanese rates must rise after a positive Tankan survey, strong capital investment appetite, and rising inflation, raising the risk of intervention.
USD/CAD Holds Tight Range Near 1.4200 Ahead of US NFP
USD/CAD traded flat around 1.4210 on Thursday, remaining in a narrow range for over a week as traders await the US Nonfarm Payrolls report.
Gold Holds Near $4,062 as Holiday-Shifted NFP Tests $4,120 Breakout
Gold is consolidating near $4,062 with a cautiously constructive tone, testing overhead supply at the $4,120 breakout level after a sharp reversal on Wednesday. The upcoming holiday-shifted Non-Farm Payrolls report may influence the next move.
Commerzbank Doubts Further RBA Hike This Year
Commerzbank analyst Volkmar Baur questions the market's 50% probability of another Reserve Bank of Australia rate hike in 2024, arguing the case is unconvincing.
Switzerland CPI Meets Expectations at 0.5% in June, Down from 0.6%
Switzerland's annual CPI rose 0.5% in June, matching forecasts and easing from May's 0.6% increase. The data may influence the Swiss franc's near-term trajectory.
EUR/GBP Falls as Softer Eurozone Inflation Dampens ECB Rate Hike Hopes
The EUR/GBP cross dropped to around 0.8565 during early European trading on Thursday, pressured by fading expectations that the European Central Bank will raise interest rates this year following softer Eurozone inflation data.
June NFP Preview: Possible World Cup Impact on Jobs Data
The June payrolls report will be released early due to the Independence Day holiday. Analysts are considering whether the World Cup could affect the jobs numbers.
US Jobs Data Takes Center Stage in Thursday Asia Market Update
Thursday's Asia market update highlights US jobs data as the key focus, alongside shifts in monetary and FX intervention policies, ongoing chip-maker volatility, and Meta's cost-cutting efforts.
Indian Rupee Rises as Oil Prices Fall on US-Iran Talks Progress
The Indian Rupee opened higher against the US Dollar on Thursday, supported by a decline in oil prices amid progress in US-Iran talks, bringing USD/INR near 95.00.
Yen Gains on Stealth Intervention Risks, USD/JPY Slides
The Japanese yen strengthens against the dollar as traders increasingly expect stealth intervention by authorities, pushing USD/JPY lower from recent highs.
AUD/USD Bears Eye 0.6850 Break as NFP Looms
The AUD/USD pair traded sideways during the Asian session on Thursday as traders remained cautious ahead of the US Nonfarm Payrolls report, with bears watching for a decisive break below the 0.6850 confluence support.
Swiss Franc Strengthens to Near 0.8100 as Traders Await Swiss CPI, US NFP
USD/CHF declined to around 0.8085 in early European trading on Thursday as the US Dollar weakened after weaker-than-expected ADP June employment data.
Japan Shifts to Ambush Tactics Against Yen Short Sellers
Japan is abandoning its practice of telegraphing FX intervention risk and adopting a more targeted, surprise-based approach to squeeze yen short sellers, according to a Reuters report.
Indonesian Rupiah Pares Losses as Soft US Data, Fed Tone Weighs on Dollar
USD/IDR edged lower after opening with a bullish gap, remaining in positive territory for the fourth consecutive day, trading around 18,030 during Asian hours.
Euro Range-Bound at 1.1325-1.1450 as Dollar Index Stays Strong
The Euro is expected to trade within 1.1325-1.1450, while the Dollar Index remains strong above 100.75, supporting USDJPY towards 163/164 and pressuring other majors.
EUR/USD Approaches 1.1400 as Bearish Flag Persists
The EUR/USD pair edged higher in Asian trading on Thursday but remains near weekly lows as traders await the US Nonfarm Payrolls report. A bearish flag pattern keeps downside risks alive.
EUR/JPY Edges Lower Below 185.00, Bullish Bias Holds
The EUR/JPY cross trades near 184.95 in early European session, pressured by lower Eurozone inflation that reduces ECB rate hike expectations, though the near-term bullish bias remains intact.
Gold Holds Positive Bias as USD Softens, Fed Rate Bets Cap Gains
Gold (XAU/USD) edges higher in Asian trade on a softer US dollar, though expectations of further Federal Reserve rate hikes limit upside ahead of the US nonfarm payrolls report.
Silver Rises Above $60 as Fed's Warsh Strikes Less Hawkish Tone
Silver (XAG/USD) extended gains for a third session, trading near $60.20 during Asian hours, supported by a less hawkish-than-expected tone from Federal Reserve Chairman Kevin Warsh at the ECB Forum.
GBP/USD Elliott Wave Analysis Points to Further Weakness
GBP/USD maintains an incomplete bearish Elliott Wave structure from the January 27, 2026 high, supporting a downside bias. A potential target is based on the 100%-161.8% Fibonacci extension.
US Dollar Index Trades Subduedly Near 101.35 Ahead of June NFP Data
The US Dollar Index is hovering around 101.35 in subdued trading as markets await the release of June Nonfarm Payrolls data at 12:30 GMT.
AUD/JPY Holds Flat After Australian Trade Data Miss
AUD/JPY traded around 112.10 during Asian hours on Thursday, recovering earlier losses as the Australian dollar showed resilience despite a significant miss in domestic trade data.
GBP/USD Rises Toward 1.3300 on Burnham's Fiscal Pledge, NFP in Focus
The British pound strengthens against the US dollar as UK Prime Minister candidate Andy Burnham commits to strict fiscal rules, pushing GBP/USD near 1.3300. Markets now await US nonfarm payrolls data.