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ECB Accounts Show Growing Concerns Over Upside Inflation Risks
The European Central Bank's latest meeting accounts reveal policymakers are increasingly worried about persistent upside risks to inflation, suggesting a more hawkish stance may lie ahead.
US Initial Jobless Claims Drop to 215K
The number of Americans filing new unemployment benefits fell to 215,000 last week, according to the latest data from the US Department of Labor.
EUR/GBP Forecast: Limited Correction Before Further Decline
EUR/GBP consolidates after hitting a new one-year low, with analysts expecting a limited correction before further downside.
Euro Sideways vs USD as Sentiment Cools: Rabobank
Rabobank notes that euro sentiment has cooled after earlier optimism over Germany's debt brake, with political risks and structural headwinds now weighing on the currency.
US Dollar Consolidates with Softer Bias as Oil Steadies
The US dollar is trading with a softer bias against G10 currencies amid ongoing geopolitical uncertainty, while oil prices show signs of stabilization.
GBP/JPY Pulls Lower After Fresh All-Time High at 218.01
The British Pound retreated against the Japanese Yen on Thursday after hitting an all-time high of 218.01, entering a consolidation phase.
Euro Retreats to 1.1425 as USD Recovers on Safe-Haven Bids
The euro fell back toward 1.1425 against the dollar in European trading on Thursday as the US dollar recovered early losses amid renewed safe-haven demand linked to geopolitical tensions.
Gold Price Gains 0.8% But Upside Capped by Bearish EMA
Gold (XAU/USD) rose 0.8% to near $4,110 during European trading on Thursday as the US dollar weakened, but the 20-day EMA's downward slope suggests limited upside.
Silver (XAG/USD) Rebounds Above $59.00 as Dollar Weakens
Silver prices recovered from intraday lows near $57.22 to trade above $59.00, supported by a softer US dollar.
Euro Weakness Persists as Dollar Fails to Gain from Brent Rally
The euro remains under pressure as interest rate adjustments alone appear insufficient to support the currency, while the US dollar failed to capitalize on a rise in Brent crude prices and Fed concerns about entrenched inflation.
DXY Slips to 101 Late in US Session Despite Yield Support
The US Dollar Index (DXY) slipped from 101.28 to 101 late in the US session, even as US Treasury 2Y yields rose and crude oil remained supported by Middle East tensions, according to DBS Group Research economist Philip Wee.
Silver Price Rises 1.45% to $59.17 Per Troy Ounce
Silver (XAG/USD) climbed on Thursday, rising 1.45% to $59.17 per troy ounce from the previous $58.32, according to FXStreet data.
USD Edges Lower Despite Persian Gulf Tensions
The US dollar weakened slightly in recent trading, even as renewed geopolitical tensions in the Persian Gulf typically support safe-haven demand.
Euro Advances Against Canadian Dollar on Strong German Trade, Weak Oil
EUR/CAD rose during European trade on Thursday, reversing two days of losses, supported by stronger-than-expected German trade data and declining oil prices.
ECB Hawkish Repricing with Bond Selloff – Deutsche Bank
Deutsche Bank Research notes that market pricing for ECB rate hikes by December has surged, implying three hikes this year after June, as European assets face renewed energy shock sensitivity.
USD Index Set to Stay Firm as Energy Spike Supports Fed Hawks – ING
ING’s Chris Turner says higher oil prices and Gulf tensions have boosted Fed hawks, keeping the US dollar firm against low-yielders while EM carry trades face headwinds.
OCBC: US Dollar constructive as oil risks build
OCBC analysts note that rising Middle East tensions and higher oil prices are supporting the US Dollar and global bond yields.
Muted FX Reaction to Gulf Escalation as Oil Nears $80
FX markets showed a muted response to the re-escalation in the Gulf and the jump in oil prices, while rates saw more movement. Brent crude approaching $80 per barrel could delay disinflation and affect Fed policy.
DXY Extends Pullback, Tests 23.6% Fibonacci and Weekly Low Below 101.00
The US Dollar Index continues its decline from the 101.25-101.30 region, flirting with the 23.6% Fibonacci retracement and a weekly low below 101.00.
ING: EUR/USD Early Gains at Risk on Fed Dominance
ING analyst Chris Turner notes EUR/USD held up despite higher oil prices as euro swap rates outperformed US rates on ECB hike expectations, but expects the Fed narrative to dominate and push the pair lower.
EUR/GBP Languishes Below 0.8550, Bullish Attempts Subdued
The Euro trades moderately higher against the US Dollar near 1.1440 but remains in a weekly range with a broader bearish trend. Meanwhile, EUR/GBP struggles below the 0.8550 level as bullish momentum fades.
GBP/JPY Hits Fresh High Since January 2008 as Pound Rally Continues
The British pound extended its rally against the Japanese yen, pushing GBP/JPY to a fresh high not seen since January 2008, building on strong momentum from the previous session.
UOB: AUD/USD could break above 0.6980 as momentum builds
UOB analyst sees AUD/USD trading in a 0.6915–0.6950 intraday range, but notes rising upside risk of a break above 0.6980 with 0.6900 as support.
RBNZ Hikes OCR to 2.50%, NZD Holds Above 0.57
The Reserve Bank of New Zealand unanimously raised the Official Cash Rate by 25 bps to 2.50%, breaking from May's split vote. DBS notes NZD/USD remains firm above 0.57 as the central bank signals further tightening.