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23:22 Gold price sinks on traders' optimism as strong US Dollar erodes safe-haven demand
Gold price tanked close to $70, or 2%, on Thursday as risk appetite improved during the North American session. Trade tensions between the United States (US) and its counterparts eased, keeping investors optimistic for the remainder of the week. At the time of writing, XAU/USD trades at $3,226.

23:00 EUR/JPY Price Analysis: Euro climbs toward session highs with bullish trend intact
The EUR/JPY pair extended its rally on Thursday, pushing toward the 164.00 zone after a strong advance during the European session. The pair sits near the top of the day’s range as it enters the Asian session, reflecting sustained demand despite a flattening in momentum indicators.

EUR/JPY rose toward the 164.00 area, closing in on daily highs ahead of the Asian session.Bullish bias is confirmed by trend indicators despite neutral short-term momentum.Key moving averages and MACD support further upside, with nearby support holding firm.The EUR/JPY pair extended its rally on Thursday, pushing toward the 164.00 zone after a strong advance during the European session. The pair sits near the top of the day’s range as it enters the Asian session, reflecting sustained demand despite a flattening in momentum indicators. While some short-term tools remain neutral, the overall technical structure leans decisively bullish, backed by a solid base of upward-trending averages.From a technical perspective, EUR/JPY is flashing a clear bullish signal. The Moving Average Convergence Divergence shows a buy indication, supporting the recent rally. The Relative Strength Index hovers near 63, a neutral-to-positive level that suggests momentum still has room to grow. Other tools such as the Stochastic RSI Fast and the Average Directional Index remain neutral, highlighting that price action, while strong, isn’t yet overstretched.Trend-following indicators provide the foundation for the bullish stance. The 10-day Exponential and Simple Moving Averages continue to climb and are positioned below the current price. The 20-day, 100-day, and 200-day Simple Moving Averages are similarly aligned in favor of further gains, with all three pointing upward and reinforcing buyers' control over the broader trend.Support is now seen at 162.70, 162.55, and 162.44. A confirmed break above the 164.00 zone could expose further resistance levels in upcoming sessions.Daily Chart

21:22 US Dollar Index rises above 100.00 ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is rising above the 100.00 level as markets absorb softer-than-expected labor and manufacturing data.

The US Dollar Index trades slightly higher above 100.00 ahead of key labor data.Momentum remains fragile despite modest intraday strength.Manufacturing activity softens, jobless claims surprise to the upside.Traders await Nonfarm Payrolls and inflation guidance on Friday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is rising above the 100.00 level as markets absorb softer-than-expected labor and manufacturing data. While the Greenback benefits from cautious risk sentiment and yield signals, its broader upside remains capped ahead of Friday’s job report.Daily digest market movers: Manufacturing and labor signals dampen growth outlookThe Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index fell to 48.7 in April from 49.0, indicating continued contraction. The figure still came in slightly better than the market expectation of 48.0.The Employment Index within the ISM survey improved to 46.5 from 44.7, signaling ongoing declines in manufacturing payrolls but at a slower pace.Initial Jobless Claims rose to 241,000 in the week ending April 26, higher than the expected 224,000 and the prior revised figure of 223,000.The seasonally adjusted insured unemployment rate rose to 1.3%, with continuing claims hitting their highest level since November 2021 at 1.92 million.Former US Treasury Secretary Janet Yellen warned that Trump’s tariffs could have a "tremendously adverse" impact on the US economy.Treasury Secretary Scott Bessent said the inverted yield curve, with two-year yields below the federal funds rate, justifies Federal Reserve rate cuts.The US Dollar rebounded overnight, driven by gains against the Japanese Yen, and pushed the US Dollar Index back above the 100.00 level.Concerns are growing that the US may blink first in trade negotiations with China as recession odds climb above 50%, according to Rabobank.The ISM survey also showed the Prices Paid Index, an inflation gauge, rose slightly to 69.8 in April from 69.4 in March.
Markets remain cautious ahead of the Nonfarm Payrolls report, with investors seeking clarity on how tariffs are affecting employment trends.

Technical Analysis
The DXY is currently trading near 100.00, up 0.60% on the day, in a neutral setup. Price action is confined within a range of 99.61 to 100.08. The Relative Strength Index (RSI) sits at 41.44 and is neutral, while the Moving Average Convergence Divergence (MACD) shows a mild buy signal. Bull Bear Power at -0.07 is flat, but Momentum (10) at 0.59 reflects upward pressure. The 20-day, 100-day, and 200-day Simple Moving Averages (SMAs) at 100.37, 105.51, and 104.44 respectively, point to bearish continuation. The Ichimoku Base Line at 101.30 is also neutral. Support levels are seen at 99.68, 99.48, and 99.37, while resistance stands at 100.37, 100.45, and 101.25.

21:03 Dow Jones rallies as Microsoft, Meta earnings outshine gloomy US outlook
The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%, on Thursday after big tech companies posted strong earnings reports, ignoring surveys that underscored the ongoing economic slowdown in the United States.

21:00 United States EIA Natural Gas Storage Change below forecasts (111B) in April 25: Actual (107B)
United States EIA Natural Gas Storage Change below forecasts (111B) in April 25: Actual (107B)

20:59 Forex Today: US Dollar stands victorious as trade tensions ease
What you need to take care of on Friday, May 2:

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US President Donald Trump reported undergoing trade talks with South Korea, Japan and India. He also claimed that there’s a “very good” chance of clinching a deal with China, yet added that any pact with Beijing has to be in US terms. At the same time, a Beijing-backed outlet said on Thursday that United States officials have contacted their Chinese counterparts for talks. Tensions between China and the US persist, but optimism led Thursday’s price action. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.41% 0.50% 1.73% 0.43% 0.44% 0.58% 0.64% EUR -0.41% 0.08% 1.31% -0.01% 0.02% 0.17% 0.21% GBP -0.50% -0.08% 1.22% -0.07% -0.06% 0.08% 0.12% JPY -1.73% -1.31% -1.22% -1.30% -1.27% -1.18% -1.15% CAD -0.43% 0.01% 0.07% 1.30% 0.02% 0.15% 0.19% AUD -0.44% -0.02% 0.06% 1.27% -0.02% 0.14% 0.19% NZD -0.58% -0.17% -0.08% 1.18% -0.15% -0.14% 0.04% CHF -0.64% -0.21% -0.12% 1.15% -0.19% -0.19% -0.04% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Mexican President Claudia Sheinbaum hit the wires by saying she had a very positive conversation with United States (US) President Donald Trump, adding they will continue working on trade in the upcoming days. Also, Trump claimed that US Treasury Secretary Scott Bessent is negotiating with “200 nations,” and “has no life,” amid being involved in trade talks.Wall Street extended its latest recovery in thin market conditions, and major indexes are about to trim tariffs-inspired losses.The Bank of Japan (BoJ) announced its decision on monetary policy early on Wednesday, keeping the short-term interest rate target unchanged in the range of 0.40%- 0.50% as widely anticipated. BoJ Governor Kazuo Ueda offered a press conference afterwards, noting that uncertainty from trade policies heightened sharply on officials’ decision. The central bank expects to keep raising rates if the economy and prices move as projected. Finally, he added they expect underlying inflation to cool down due to tariffs and slow global growth. The Japanese yen weakened with the news, with USD/JPY extending gains beyond 145.50.US data was mixed: On the one hand, Initial Jobless Claims for the week ended April 26 rose by 241K, much worse than the 224K anticipated and the previous weekly figure of 223K. On the other hand, ISM published the April Manufacturing Purchasing Managers’ Index (PMI), which edged lower to 48.7 from 49 in March, beating the market expectation of 48.The US will release the Nonfarm Payrolls (NFP) report on Friday. The country is expected to have added 130K new job positions in April, while the Unemployment Rate is foreseen at 4.2%, unchanged from March. Employment-related data ahead of the NFP report, however, hints at a soft reading, which may end up weighing on the USD.EUR/USD lost the 1.1300 level while GBP/USD settled at around 1.3260. Commodity-linked currencies also edged lower, despite the positive tone of Wall Street. The AUD/USD eased towards 0.6360, while USD/CAD trades in the 1.3850 region ahead of Friday’s opening.
US-China Trade War FAQs What does “trade war” mean? Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living. What is the US-China trade war? An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China’s economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies. Trade war 2.0 The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.

20:00 USD/CHF climbs despite soft data, NFP report looms
The USD/CHF is trading with gains, extending its recovery into the upper 0.8900s after a busy Thursday filled with US economic data and renewed Fed rate cut speculation.

The USD/CHF is trading higher near the 0.8960 area as the Dollar regains traction despite mixed macroeconomic signals.US jobless claims rose to 241,000 and ISM Manufacturing PMI dipped to 48.7, while inflation concerns linger amid Trump’s trade policy moves.Technical setup leans bullish short-term, with support at 0.8920 and resistance capped near 0.9000 and 0.9040.The USD/CHF is trading with gains, extending its recovery into the upper 0.8900s after a busy Thursday filled with US economic data and renewed Fed rate cut speculation. Although the ISM Manufacturing PMI and jobless claims reports pointed to continued labor market fragility and sector contraction, the greenback held firm, supported by a stable US Dollar Index and risk-sensitive flows ahead of Friday’s nonfarm payrolls report.US jobless claims for the week ending April 26 surged to 241,000, up from the prior week’s 223,000 and well above consensus forecasts. This rise marked the highest level since August 2023 and further reinforced concerns that the labor market may be cooling more than previously thought. Meanwhile, the ISM Manufacturing PMI dropped slightly to 48.7, a marginal decline from March’s 49.0. The index remains in contraction territory, with the new orders and production components slowing, while the employment subindex improved slightly from 44.7 to 46.5, indicating a soft but ongoing reduction in factory payrolls.The inflation component of the survey, measured by the Prices Paid Index, rose to 69.8, suggesting input costs remain elevated and keeping inflation risks on the radar. The market’s reaction was balanced: while some risk assets rallied on strong tech earnings, the US Treasury curve remains inverted, and the two-year yield below the Fed funds rate continues to fuel expectations of monetary easing.Treasury Secretary Scott Bessent reiterated on Thursday that this yield configuration signals the need for the Federal Reserve to cut rates. According to fed funds futures pricing, markets now anticipate over 100 basis points of cuts by the end of 2025. Former Fed Chair Janet Yellen added pressure by warning that President Trump’s tariff strategy could have a “tremendously adverse” effect on growth, especially as the trade standoff with China remains unresolved and reciprocal talks remain stalled.The Swiss Franc remained broadly weaker in quiet European trade as markets remained focused on the US data slate. The Dollar’s resilience is also aided by the cautious tone from traders awaiting Friday’s US jobs report, which will be key in confirming the recent macro trends and could solidify the next move from the Fed.Technical AnalysisTechnically, USD/CHF continues to edge higher after rebounding from last week’s lows. The pair has climbed back above its 10-day EMA and now tests resistance near the 0.9000 round level. Short-term momentum favors the upside, although the broader trend remains mixed. Support is seen at 0.8920, followed by 0.8880 and 0.8840. On the upside, resistance is located at 0.9000 and 0.9040. Sustained strength above these levels would open the path toward the March highs near 0.9080.With the labor market showing signs of softening and inflation pressures persisting, the next moves from the Fed will be increasingly data-dependent. All eyes now turn to the April nonfarm payrolls report, which could provide the next directional push for USD/CHF. Until then, the pair may remain rangebound but tilted toward modest gains.Daily Chart

19:00 EUR/GBP Price Analysis: Euro holds bullish tone while drifting near 0.8500
The EUR/GBP pair saw slight weakness on Thursday, trading near the 0.8500 zone after the European session. Despite today’s marginal drop, the overall structure remains supportive of a bullish bias, backed by a firm base of longer-term moving averages.

EUR/GBP trades near the 0.8500 zone after slipping modestly in Thursday’s session.Bullish trend remains intact despite mixed momentum signals.Supportive long-term averages contrast with short-term resistance capping upside.The EUR/GBP pair saw slight weakness on Thursday, trading near the 0.8500 zone after the European session. Despite today’s marginal drop, the overall structure remains supportive of a bullish bias, backed by a firm base of longer-term moving averages. Short-term indicators, however, show conflicting signals, with momentum fading even as the broader trend holds steady.From a technical standpoint, EUR/GBP is leaning bullish overall. The Relative Strength Index remains neutral near the midpoint, suggesting no extreme conditions. The MACD currently delivers a sell signal, indicating slowing momentum, while the Stochastic %K has dropped into oversold territory, flashing a potential buy setup. The Commodity Channel Index also sits neutral, adding to the mixed short-term picture.The structural strength comes from the moving averages. The 50-day Exponential and Simple Moving Averages sit well below current prices and continue to point upward, reinforcing the broader bullish setup. In contrast, the 20-day SMA — positioned slightly above spot — may act as a short-term ceiling. Meanwhile, the 100-day and 200-day SMAs remain firmly bullish, continuing to provide a strong foundation for buyers.Support is seen at 0.8478, followed by 0.8462 and 0.8434. Resistance stands at 0.8492, 0.8497, and 0.8516.Daily Chart

18:37 GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
The Pound Sterling edges lower against the US Dollar on Thursday, with most European markets closed during Labor Day. The release of manufacturing activity data on both sides of the Atlantic and US trade policies continued to drive the financial markets.

18:35 EUR/USD Price Analysis: Euro holds losses near 1.1300
The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum.

EUR/USD trades near the 1.1300 area after giving back early gains post-European session.Bullish trend remains intact, though intraday signals show conflicting momentum.Long-term averages support the upside, while resistance emerges just above the current range.The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum. Although short-term indicators show mixed signals — with the MACD turning negative and the RSI hovering in neutral territory — the overall structure is supported by strong trend-based indicators, keeping buyers in control of the broader narrative.Technically, the EUR/USD continues to show a bullish structure. The Relative Strength Index remains neutral near 55, indicating there’s still room for either direction. Meanwhile, the Moving Average Convergence Divergence has flipped to a sell signal, hinting at short-term fatigue. Both the Awesome Oscillator and the Stochastic RSI Fast are neutral, reinforcing the idea that momentum has stalled for now.The backbone of the bullish case lies in the moving averages. The 20-day, 100-day, and 200-day Simple Moving Averages — all below the current price — are pointing higher, offering strong support for continued upside. The 30-day EMA and SMA also back the trend, providing dynamic support just beneath the current trading zone.Key support levels are located at 1.1275, 1.1258, and 1.1224. Resistance stands at 1.1334, 1.1337, and 1.1379.
Daily chart

18:32 United States 4-Week Bill Auction: 4.24% vs 4.22%
United States 4-Week Bill Auction: 4.24% vs 4.22%

18:08 Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength
Silver price (XAG/USD) recovers a majority of its early gains and returns to near $32.50 during North American trading hours on Thursday.

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The white metal gained ground after posting a fresh over two-week low around $31.66, earlier in the day, even though the US Dollar (USD) has extended its two-day recovery. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.37% 0.25% 1.54% 0.23% 0.21% 0.35% 0.72% EUR -0.37% -0.12% 1.13% -0.17% -0.14% -0.02% 0.33% GBP -0.25% 0.12% 1.26% -0.02% -0.03% 0.10% 0.46% JPY -1.54% -1.13% -1.26% -1.30% -1.29% -1.22% -0.87% CAD -0.23% 0.17% 0.02% 1.30% 0.00% 0.12% 0.48% AUD -0.21% 0.14% 0.03% 1.29% -0.00% 0.12% 0.50% NZD -0.35% 0.02% -0.10% 1.22% -0.12% -0.12% 0.36% CHF -0.72% -0.33% -0.46% 0.87% -0.48% -0.50% -0.36% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Technically, higher US Dollar makes the Silver price an expensive bet for investors.The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps above 100.00. The Greenback strengthens even though the United States (US) ISM Manufacturing PMI data for April has shown that activities declined at a faster pace. The Manufacturing PMI is down at 48.7 from 49.0 in March but higher than estimates of 48.0.Meanwhile, ISM Manufacturing Prices Paid, which gauges change in input cost, expanded at a faster pace to 69.8 from 69.4, but missed estimates of 70.3. Accelerating input costs are expected to feed consumer inflation. Such a scenario will limit the Federal Reserve (Fed) from reducing interest rates, which bodes poorly for non-yielding assets, such as Silver.Earlier in the day, the Silver price fell sharply as investors expect that fears of additional tariffs announced by US President Donald Trump have peaked as Washinton is close to announce bilateral trades with number of its trading partners soon.“Initial trade deals are to be announced in weeks, not months,” US Trade Representative Jamieson Greer said at Fox News, Reuters reported.However, trade uncertainty between the US and China will keep the downside in the Silver price limited.Silver technical analysisSilver price struggles to revisit an over three-week high around $33.70. The near-term outlook of the white metal has become uncertain as it falls below the 20-day Exponential Moving Average (EMA), which trades around $32.65.The 14-day Relative Strength Index (RSI) falls below 50.00 after failing to break above 60.00, indicating that investors are not bullish anymore.Looking up, the March 28 high of $34.60 will act as key resistance for the metal. On the downside, the April 11 low of $30.90 will be the key support zone.Silver daily chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

17:46 USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) has attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.

17:06 US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.

The ISM Manufacturing PMI remained in contraction territory below 50 in April.US Dollar Index stays in positive territory near 100.00 after the data.The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.The Employment Index improved to 46.5 from 44.7 in this period, pointing to a decrease in the sector's payrolls at a softening pace. In the meantime, the Prices Paid Index, the inflation component of the survey, rose to 69.8 from 69.4.Assessing the survey's findings, "in April, US manufacturing activity slipped marginally further into contraction after expanding only marginally in February," said Timothy R. Fiore, CPSM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. "Demand and output weakened while input strengthened further, conditions that are not considered positive for economic growth."Market reactionThe US Dollar (USD) holds its ground after this report. At the time of press, the USD Index was up 0.33% on the day at 99.95.

17:00 United States ISM Manufacturing Prices Paid registered at 69.8, below expectations (70.3) in April
United States ISM Manufacturing Prices Paid registered at 69.8, below expectations (70.3) in April

17:00 United States ISM Manufacturing New Orders Index up to 47.2 in April from previous 45.2
United States ISM Manufacturing New Orders Index up to 47.2 in April from previous 45.2

17:00 United States ISM Manufacturing PMI above forecasts (48) in April: Actual (48.7)
United States ISM Manufacturing PMI above forecasts (48) in April: Actual (48.7)

17:00 United States Construction Spending (MoM) came in at -0.5% below forecasts (0.2%) in March
United States Construction Spending (MoM) came in at -0.5% below forecasts (0.2%) in March

17:00 United States ISM Manufacturing Employment Index up to 46.5 in April from previous 44.7
United States ISM Manufacturing Employment Index up to 46.5 in April from previous 44.7

16:45 United States S&P Global Manufacturing PMI below forecasts (50.7) in April: Actual (50.2)
United States S&P Global Manufacturing PMI below forecasts (50.7) in April: Actual (50.2)

16:30 Canada S&P Global Manufacturing PMI dipped from previous 46.3 to 45.3 in April
Canada S&P Global Manufacturing PMI dipped from previous 46.3 to 45.3 in April

15:37 US weekly Initial Jobless Claims rise to 241K vs. 224K expected
There were 241,000 initial jobless claims in the week ending April 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.

15:30 United States Initial Jobless Claims above forecasts (224K) in April 25: Actual (241K)
United States Initial Jobless Claims above forecasts (224K) in April 25: Actual (241K)

15:30 United States Continuing Jobless Claims above expectations (1.86M) in April 18: Actual (1.916M)
United States Continuing Jobless Claims above expectations (1.86M) in April 18: Actual (1.916M)

15:30 United States Initial Jobless Claims 4-week average up to 226K in April 25 from previous 220.25K
United States Initial Jobless Claims 4-week average up to 226K in April 25 from previous 220.25K

15:16 USD's safe haven appeal fades as trade war backfires – Rabobank
Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.

Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors. Firstly, the safe haven attraction of US treasuries and the USD are not as gold-plated as had been assumed. Secondly, China’s defiance in the face of the trade war with the US has forced the market to reassess the strengths and vulnerabilities of both sides. As a result, speculation that it might be the US, rather than China, that blinks first has gathered some support, Rabobank's FX analyst Jane Foley reports. EUR/USD could correct to 1.10 on trade progress"Both of these factors suggest that Trump’s hand in driving deals with the US’ trading partners may not be as strong as he had expected. We see scope for EUR/USD to drop back as far as 1.10. That said, US fundamentals have weakened and we see the greenback on a weaker trajectory over the medium-term. We forecast the currency pair at EUR/USD1.15 on a 12-month view." "On the back of Trump’s trade war, Rabobank now sees the chances of a US recession as being larger than 50%. That said, in view of the inflationary risks associated with tariffs we don’t expect the Fed to be able to cut rates as much as the market is expecting. A less dovish than expected Fed should provide some support for the USD in the weeks ahead. A corrective move lower in EUR/USD may also stem from profit-taking in long EUR positions. ""This morning, press reports indicated that the EU may be preparing a plan to lower tariff and non-tariff barriers. This could be presented to the White House next week to jump start trade talks. If more constructive news on this front is forthcoming, we would expect the USD to benefit from short covering. That said, in view of US recession risks, we would also expect the USD to struggle to hold these gains over the medium-term."

15:09 JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes. USD/JPY is extending its bounce off of the 140 support level"The BoJ’s Target Rate was left unchanged at 0.50%, as expected. However, markets participants are responding to the central bank’s downgraded growth and inflation forecasts as well as an extension of the time horizon over which it expects to reach its 2% inflation target." "Gov. Ueda’s press conference stressed uncertainty arising from US tariffs and offered no clear sense of timing around the next anticipated rate hike. The second round of US/Japan trade negotiations is set to continue through the end of the week." "USD/JPY is extending its bounce off of the 140 support level and pushing toward 145. We look to near-term resistance around 147.50 and anticipate significant resistance around the 200 day MA near 150."

15:07 GBP quiet despite improvement in manufacturing PMI – Scotiabank
The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes. Markets await for BoE next week"Second-tier lending and money supply data were mixed, while the final manufacturing PMI offered a modest surprise – printing a still-contractionary (sub-50) 45.4 while still improving from the initial 44.0 release. There are no major-market moving events or releases scheduled ahead of next Thursday’s BoE policy decision, where markets are pricing in 27bpts of cuts." "The central bank’s forecast update will be critical, as it will provide insight into policymakers’ thinking around tariffs, trade, and the implications for rates. Markets are pricing a cumulative 100bpts of rate cuts by year end." "The trend is bullish, given the sequence of higher highs and higher lows since March. The RSI has softened somewhat, but waning momentum is not enough to violate the bull trend. For now, we highlight the recent range and GBP/USD’s movement roughly bound between the mid-1.32s and mid-1.34s."

15:03 CAD slips modestly on firmer USD – Scotiabank
The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes. CAD remains better supported overall"That’s quite a bit different from some of the president’s other comments recently on Canada and the comments helped nudge USDCAD a little lower and bolster the CAD’s broader performance. Moderate losses so far today reflect the general strength in the USD rather than any CAD-negative development and the CAD is the only G10 currency holding a gain on the USD on the week so far." "The CAD has made up some ground on the crosses as a result. Spot is consolidating after dipping briefly under 1.38 yesterday to test congestion support at 1.3775. Marginal new cycle lows keep the grinding tone of USD weakness intact and DMI oscillators oriented bearishly for the USD." "But the CAD’s failure to hold gains on the USD today and a narrow, inside range session (at the moment) points to consolidation in the short run. USD gains may extend to the mid/upper 1.38s in the short run. Resistance is 1.3880 and 1.4000/25."

15:00 US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
United States (US) Treasury Secretary Scott Bessent told Fox Business Network on Thursday the fact that the two-year US Treasury bond yield is below the federal funds rate is a signal that the Federal Reserve (Fed) should cut rates, per Reuters.

15:00 EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes. EUR/USD’s trend remains bullish "The euro area data calendar is empty and most major European countries are closed for Labour Day, which should allow the EUR to trade on broader market themes ahead of Friday’s preliminary CPI release. The ECB will also release an economic bulletin on Friday, offering the possibility of some analysis of global trade and risks related to tariffs." "EUR/USD’s trend remains bullish despite the last couple of weeks of consolidation around 1.14. The RSI is bullish but drifting below 60 and hinting to a loss of momentum. The 1.1350 congestion level offers support below 1.1300 and resistance above 1.1500."

14:58 USD improves on stock rebound, trade hopes – Scotiabank
It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.

It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes. USD broadly firmer in quiet trade but challenges remain"US equity futures are firmer while much of Europe is closed for the May Day holiday. Treasurys are marginally firmer. The USD has firmed up but remains within recent ranges, capped by resistance around the 99.85 area still for the DXY. The JPY is underperforming following the BoJ policy meeting. While markets look calm, the broader backdrop for the USD remains fragile. Seasonal factors may mean more headwinds for stocks in the coming weeks but the USD typically experiences a weaker trend through the middle of the year as well." "The sharp decline seen in the USD so far suggests this may not be a 'typical' year for the USD but persistence in the soft USD tone would fit with the outlook for slower growth, lower corporate earnings and continued diversification away from the USD in the next few months. US Q1 GDP data was weak in headline terms but there were some redeeming features 'under the hood', such as strong real final demand. Overall, though, even these more positive points could reflect anticipatory, pre-tariff activity (consumption, inventory build) that does not detract from the weak outlook for the US economy ahead." "President Trump remarked that China was having 'tremendous difficulty' with tariffs. But a report from a Chinese news source indicated that it was the US who is reaching out to China to discuss trade. Chinese officials have said that reciprocal tariffs need to be removed before any sit down can take place. Lack of movement on US/China trade will bolster concerns that US growth will slow while inflation could pick up meaningfully in the next few months. This morning’s Manufacturing ISM data may reflect some of these trends, checking market optimism."

14:41 USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes.

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p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}USD/JPY posts a fresh almost three-week high around 145.00 as the Japanese Yen underperforms.The BoJ left interest rates steady at 0.5% and indicated a delay in plans of hiking interest rates further.The US Dollar surrenders some of its initial gains ahead of US Manufacturing PMI data.The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes. Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.07% -0.11% 0.82% 0.09% 0.06% 0.02% 0.01% EUR 0.07% -0.04% 0.92% 0.13% 0.13% 0.09% 0.07% GBP 0.11% 0.04% 0.90% 0.20% 0.17% 0.12% 0.10% JPY -0.82% -0.92% -0.90% -0.75% -0.76% -0.85% -0.89% CAD -0.09% -0.13% -0.20% 0.75% -0.03% -0.07% -0.10% AUD -0.06% -0.13% -0.17% 0.76% 0.03% -0.04% -0.05% NZD -0.02% -0.09% -0.12% 0.85% 0.07% 0.04% -0.02% CHF -0.01% -0.07% -0.10% 0.89% 0.10% 0.05% 0.02% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote). Earlier in the day, the BoJ kept interest rates steady at 0.5%, as expected, but expressed that additional tariffs imposed by United States (US) President Donald Trump on April 2 could hit the domestic economy and inflation.We will enter a period in which both inflation and wage growth will likely slow somewhat. But we expect a positive cycle of rising wages and inflation to continue due to a severe labour shortage," BoJ Governor Kazuo Ueda said in the press conference, Reuters reported.Additionally, the BoJ has cut Gross Domestic Product (GDP) forecast for fiscal year ending March 2026 significantly to 0.5% from prior estimates of 1.1%.Meanwhile, US Dollar (USD) gives up some of its intraday gains ahead of the US final S&P Global and Manufacturing PMI data for April, which will be published in the North American session.USD/JPY extends its recovery to near the 20-day Exponential Moving Average (EMA), which trades around 144.00. The pair started recovering after attracting bids near the 21-month low around 140.00.The 14-day Relative Strength Index (RSI) rises into the 40.00-60.00 range, suggesting that the bearish momentum is over. However, the downside bias is intact.The odds of the pair extending its recovery towards the March 11 low of 146.54 and the April 9 high of 148.28 would increase if it will break above the key resistance of 145.00.The asset would face downside move towards the 28 July 2023 low of 138.00 and the 14 July 2023 of 137.25 after sliding below the September 16 low of 139.58.USD/JPY daily chart Economic Indicator BoJ Interest Rate Decision The Bank of Japan (BoJ) announces its interest rate decision after each of the Bank’s eight scheduled annual meetings. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and raises interest rates it is bullish for the Japanese Yen (JPY). Likewise, if the BoJ has a dovish view on the Japanese economy and keeps interest rates unchanged, or cuts them, it is usually bearish for JPY. Read more. Last release: Thu May 01, 2025 03:02 Frequency: Irregular Actual: 0.5% Consensus: 0.5% Previous: 0.5% Source: Bank of Japan

14:30 United States Challenger Job Cuts: 105.441K (April) vs previous 275.24K
United States Challenger Job Cuts: 105.441K (April) vs previous 275.24K

13:43 AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
The AUD/USD pair is down 0.3% to near 0.6380 in Thursday’s European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.

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p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}AUD/USD ticks down to near 0.6380 as the Australian Dollar underperforms.Australian Trade Balance rose more than double than expectations as US firms loaded imports to avoid higher tariffs.Investors await the US Manufacturing PMI data for April.The AUD/USD pair is down 0.3% to near 0.6380 in Thursday’s European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.The comments from the White House have indicated that the tariff tussle between the world’s two largest powerhouses will not de-escalate in the near term. On Wednesday, US Trade Representative Jamieson Greer signaled in an interview with Fox News on Wednesday that no official discussions with Beijing are “underway”, South China Morning Post (SCMP) reported.The uncertainty over trade relations between the US and Beijing appears to remain for a while as Washington wants China to initiate trade talks, given their strong reliance on its exports to the US. “I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, US Treasury Secretary Scott Bessent said on Monday.Longer the trade war between the US and China, larger will be consequences on the Australian Dollar (AUD), given that Australia is the leading trading partner of China.In the domestic region, robust Australian Trade Balance data for March fails to support the Aussie Dollar. Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.01% -0.03% 0.85% 0.13% 0.24% 0.15% 0.04% EUR -0.01% -0.05% 0.87% 0.09% 0.23% 0.14% 0.01% GBP 0.03% 0.05% 0.89% 0.17% 0.28% 0.19% 0.07% JPY -0.85% -0.87% -0.89% -0.74% -0.61% -0.75% -0.89% CAD -0.13% -0.09% -0.17% 0.74% 0.12% 0.02% -0.10% AUD -0.24% -0.23% -0.28% 0.61% -0.12% -0.10% -0.21% NZD -0.15% -0.14% -0.19% 0.75% -0.02% 0.10% -0.12% CHF -0.04% -0.01% -0.07% 0.89% 0.10% 0.21% 0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). The Trade Surplus came in at 6.9 billion, more than double than estimates of 3.13 billion. The reason behind strong Australian Trade Balance numbers appears to be robust imports by the US economy ahead of the announcement of reciprocal tariffs by President Donald Trump on April 2. The US Q1 GDP data showed an economic contraction as importers frontloaded goods from their foreign suppliers to escape higher tariffs.In the US region, investors await the US final S&P Global and ISM Manufacturing Purchasing Managers’ Index (PMI) data for April. Investors will pay close attention to the ISM Manufacturing Prices Paid to know whether the impact of Trump’s protectionist policies has started feeding into input cost. Economic Indicator Trade Balance (MoM) The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD. Read more. Last release: Thu May 01, 2025 01:30 Frequency: Monthly Actual: 6,900M Consensus: 3,130M Previous: 2,968M Source: Australian Bureau of Statistics

13:06 Will EU trade pivot away from the US? – Standard Chartered
The US has become the EU’s dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation.

The US has become the EU’s dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation. EU-China relationship has thawed but remains lopsided; India FTA may offer significant long-term benefits. EU-Mercosur deal still needs to be ratified; ASEAN trade negotiations have resumed, Standard Chartered's economists Christopher Graham and Saabir Salad report. EU looking to accelerate trade deals"The US has become the EU’s most important trading partner in recent years, with the overall bilateral goods relationship worth almost EUR 1tn in 2024, accounting for more than one-fifth of all extra-EU exports last year. The US’ growing dominance stems from robust US domestic demand, stagnant export growth to the UK since Brexit, and a post-COVID decline in exports to China. Depending on their ultimate scope and duration, the imposition of US tariffs could end this dominance, prompting the EU to explore other opportunities to expand trade links elsewhere.""We think the UK offers the greatest opportunities for improved trade flows in the near term, given that both sides are incentivised to improve the terms of the existing Trade and Cooperation Agreement (TCA); progress could be seen as early as this summer. The EU’s relationship with China appears to have thawed slightly and there are incentives to improve collaboration in contentious areas; but EU concerns remain over the lopsided trading relationship." "The EU-Mercosur deal could receive a political boost given the evolving global trade context, but ratification remains far from guaranteed. The reopening of trade negotiations with Malaysia, the Philippines and Thailand reflects improved economic incentives, but EU environmental regulations remain a sticking point. An EU-India free trade agreement (FTA) arguably offers the greatest trade opportunity for the EU over the longer term, and changes to the sequencing of negotiations could yield progress, but various hurdles need to be overcome."

13:01 USD: US economy contracts ahead of nonfarm payrolls report – MUFG
The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.

The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen. The release of the latest nonfarm payrolls report tomorrow will be scrutinized closely to assess the initial negative impact on the US labour market from President Trump’s 'Liberation Day' tariffs announcement, MUFG's FX analyst Lee Hardman reports. Dollar Index back above 100.00 as Yen weakens further"Trade policy disruption alongside heightened policy uncertainty at the start of President Trump’s second term is expected to make businesses become more cautious over hiring new employees in the near-term and has raised fears that they could go further and cut back if the US economy slows sharply in response to the negative trade shock. The release of the ADP survey was consistent with slowing employment growth estimating that private payrolls increased by just 62k in April.""The US economy was already being impacted by changes in US trade policy even before tariffs were implemented. The GDP report for Q1 revealed that the US economy contracted marginally in Q1 by an annualized rate of -0.3%. It was the first quarterly contraction since Q1 2022. The biggest drag on growth in Q1 was net trade as imports surged ahead of the tariff hikes and businesses built up inventories providing some offset to the hit to growth. Net trade subtracted an outsized -4.83ppts from growth in Q1 while inventories added 2.25ppts. At the same time, household consumption slowed in Q1 adding 1.21ppts to growth following on from robust growth recorded during the 2H of last year when the average quarterly contribution was 2.59ppts." "While some slowdown in household consumption following robust growth in 2H 2024 was always likely, the sharp plunge in consumer confidence measures in recent months driven by inflation fears and angst over job security have since made it more likely that weaker growth will continue. Those concerns over much weaker growth are more than offsetting the near-term upside risks to inflation from tariff hikes when market participants weigh up the implications for Fed policy. The US rate market has moved to price in over 100bps of Fed rate cuts by the end of this year with the next cut expected by June or July. The upside surprise for the core PCE price index for Q1 coming in at 3.5% did not deter building Fed rate cut expectations. A much weaker nonfarm payrolls report tomorrow poses the main downside risk for the US dollar‘s recent tentative rebound."

12:56 EUR/USD bounces back intraday as US Dollar struggles to extend recovery
EUR/USD recovers its initial losses after sliding to near 1.1285 and flattens around 1.1330 during European trading hours on Thursday.

12:54 JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.

The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April. It follows the BoJ’s decision to leave the policy rate unchanged at 0.50% while the updated economic projections and risk assessment signaled more caution over delivering further rate hikes, MUFG's FX analyst Lee Hardman reports. BoJ trims GDP and inflation forecasts"The BoJ’s first updated economic projections since President Trump’s 'Liberation Day' tariffs announcement revealed that the forecast for GDP growth in Japan for the current fiscal year was revised lower by 0.6ppts to 0.5% and for the next fiscal year by 0.3ppts to 0.7% before growth is expected to pick back up to 1.0% in FY2027. At the same time, the BoJ’s updated projections for core inflation (excluding fresh food) were revised lowered by 0.2ppts to 2.2% for the current fiscal year and 0.3ppts for the next fiscal year after which it is expected to be close to the BoJ’s target at 1.9% in FY2027. It supports the BoJ’s decision to maintain guidance that it 'will continue to raise the policy interest rate and adjust the degree of monetary accommodation' if its growth and inflation outlook materializes.""While the BoJ is still signalling that it likely to raise rates further, it now judges that risks are skewed to the downside to both growth and inflation for the current and following fiscal years. The BoJ emphasized that they were facing “extremely high” uncertainties ahead. In the accompanying press conference, Governor Ueda stated that he expected the price trend improvement to stall temporarily and judged that that likelihood of their economic outlook materializing is not as high as before. He believes it is hard to say when they will have more confidence in the outlook which will be needed to hike rate again. The comments reinforce our perception of increased BoJ caution over raising rates further this year." "The updated economic projections and risk assessment has further encouraged market participants to push back expectations for the timing of the BoJ’s next hike until the end of this year at the earliest. There are currently around 10bps of hikes priced in by year end. A quick trade deal/agreement between Japan and the US to reverse/water down tariffs imposed on Japan would help to ease downside risks for Japan’s economy directly although the BoJ would still likely remain concerned over downside risks to growth outside of Japan setting a higher hurdle for the BoJ to resume rate hikes this year. A slower pace of BoJ policy normalization will help to dampen yen strength in the near-term but is unlikely to reverse the current strengthening trend if global growth continues to slow and other major central banks including the Fed cut rates further resulting in yields spreads continuing to narrow between Japan and overseas."

12:40 Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact
Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a 'tremendously adverse' impact on the economy.”

Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a 'tremendously adverse' impact on the economy.”Additional commentsThey 'hobble' companies that rely on critical minerals supplies from China.About 40% of goods imported into the country were inputs for domestic production.The odds for a recession have gone up.Tariffs could be particularly problematic for the US clean energy sector.We are highly dependent on China for most of the critical minerals that go into the clean energy technologies.

12:30 Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

12:27 CAD strengthens on trade optimism and BOC caution – BBH
The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report.

The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report. BOC held at 2.75%, considered cut amid tariff uncertainty"The path to a US-Canada trade deal is slowly emerging. President Donald Trump said that newly elected Canadian Prime Minister Mark Carney called him yesterday and said, 'Let’s make a deal'. Carney is expected to visit the White House within the next week or sooner.""The Bank of Canada (BOC) Summary of Deliberations of the April 16 meeting confirmed that Governing Council members debated the case to maintain the policy interest rate or reduce it by 25bps. Ultimately, members reached a consensus to keep the policy interest rate at 2.75% while they gained more information on tariffs and their impacts." "Members also agreed to be less forward looking than usual. Markets price-in a full 50bps of easing over the next 12 months. This seems about right. The BOC’s scenario analysis shows Canada’s real GDP either stalling in Q2 or contracting over the remainder of 2025."

12:23 BOJ holds rates, slashes forecasts – Yen falls – BBH
As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.

As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized. The swaps market is not convinced and implies just one 25bps hike to 0.75% over the next three years, BBH FX analysts report. USD/JPY eyes 145.00 resistance as downtrend resumes"JPY fell against all major currencies and 10-year JGBs rallied because the BOJ’s more dovish outlook (table below) further dimmed rate hike expectations. First, the BOJ slashed the projected growth rates for fiscal 2025 and 2026 due to the effects of trade and other policies." "Second, the BOJ trimmed inflation forecasts (CPI all items less fresh food) for fiscal 2025 and 2026, mainly reflecting the decline in crude oil prices and the downward revision of the GDP growth rates. Third, the BOJ warned that risks to the economic and inflation outlooks are skewed to the downside.""We expect USD/JPY to resume its year-to-date downtrend as Fed funds futures have adjusted lower and the global growth outlook has worsened. Next USD/JPY technical resistance is offered at 145.00."

12:19 USD/JPY rises post-BoJ – Société Générale
USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.

USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note. Long-term bias remains bearish"USD/JPY decline has stalled near 2024 low of 139.50. Daily MACD has crossed above its trigger line denoting receding downward momentum. The pair has carved out a higher trough at 142 recently." "Ongoing bounce could extend in short-term towards 145.50 and projection of 146.15/146.50, which is also the low of March. This could be an interim resistance zone. Defence of the recent pivot low at 142 is crucial for persistence in rebound."

12:17 Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver price (XAG/USD) is extending its losses for the third successive session, trading around $32.30 per troy ounce during the European session on Thursday.

12:13 USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank
JPY still a safe haven as policy uncertainty supports demand

USD/JPY is trading nearly one figure higher this morning following the BoJ's widely expected decision to hold policy steady, Danske Bank's FX analysts report. JPY still a safe haven as policy uncertainty supports demand"With downward revisions to both growth and inflation forecasts amid greater economic uncertainty, the overall message from the BoJ was dovish. Markets now price in just 8bp of tightening for the remainder of the year, down from 16bp prior to the meeting. We expect the BoJ to stay on its policy normalization path, albeit contingent on the global trade conflict having only a limited impact on the domestic economy." "Narrowing rate differentials are no longer the sole driver of a bearish USD/JPY view. With the relative attractiveness of US assets declining, Japanese assets have seen renewed interest, as reflected in Ministry of Finance data showing a notable increase in net investment inflows since 'Liberation Day'." "Moreover, while recent developments suggest some de-escalation, the JPY continues to benefit from elevated economic policy uncertainty and remains, alongside the CHF, one of the few true safe havens in the G10 FX space this year. The main risk to further JPY appreciation is stretched long positioning. We forecast USD/JPY to gradually trend lower toward 130 over the next 12M."

12:00 EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY).

11:54 GBP: On the lookout for warmer European relations – ING
In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election.

In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election. Here, the Conservatives may lose out to the Reform party and confirm the five-way splintering of UK politics.0.8430 is the target if EUR/GBP can break clear of 0.8500"We mention politics today because this month (19 May) sees the first UK-EU summit since Brexit. Expectations here are that the UK could sign a new Security and Defence Pact (SDF) with the EU - similar to the SDFs that the EU has with six other countries already. Over the summer, there could also be some progress on the issue of veterinary checks on border goods, ETS carbon allowance alignment and also youth mobility." "The design from the Labour government here is that a closer relationship with Europe could see the Office for Budget Responsibility 'score' UK growth prospects higher in November and give Chancellor Rachel Reeves more room to spend.""Closer European relations normally help sterling. So let's see whether EUR/GBP can push lower ahead of that 19 May meeting. 0.8430 is the target if EUR/GBP can break clear of 0.8500."

11:51 EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank
EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report.

EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report. USD holds ground despite first economic contraction since 2022"Yesterday's economic data had little impact on the cross, and for now, the broader FX market appears relatively unresponsive to incoming releases. The USD remained stable as US Treasuries continued to recover and equities rebounded, even as the economy contracted for the first time since 2022." "It will be interesting to see whether tomorrow's US jobs report can shift this dynamic. The rebound in US equities - with the S&P 500 now just 2% below pre-'Liberation Day' levels - on the back of Trump's softer tariff rhetoric may help offset the otherwise unsupportive macro data for the USD, particularly given the current positive correlation between US risk sentiment and the greenback." "While today's focus turns to ISM manufacturing, the session may prove to be another rangebound, wait-and-see day ahead of tomorrow's payrolls report. We continue to favour buying dips in EUR/USD."

11:43 USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.

USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.USD/JPY rally may extend toward 145, but selling likely ahead "Elsewhere, we've seen a dovish Bank of Japan meeting today, where growth and inflation forecasts have been cut, and importantly, downside risks are seen to both. JGB yields have fallen around 5bp across the curve." "The double whammy of risk coming out of the dollar and a dovish BoJ has sent USD/JPY above 144. This could extend to 145, but we would expect more sellers to emerge there."

11:36 USD: April ISM poses the downside risk – ING
Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall.

Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall. US equities have now nearly retraced 90% of their drop in the aftermath of 'Liberation Day', with Meta and MSFT delivering decent 1Q results overnight. Amazon and Apple report today. Helping some of the recent improvement in mood has been news from the Chinese state broadcaster that the US has reached out for trade talks. And a report late yesterday that EU trade negotiators have offerings to bring to the table next week has also helped, ING's FX analyst Chris Turner notes.100.25/100.50 caт prove good intra-day resistance for DXY"Also welcome news for markets is the US and Ukraine signing a minerals deal in which the US recognises Ukraine's sovereignty and seems to be delivering, albeit in an implicit way, security guarantees. The slightly more positive environment has seen some more of the risk premium come out of the dollar. The reduction in dollar risk premium may have a little further to go, but may run into the bearish headwind of US data.""The front-loading of imports largely triggered yesterday's weak 1Q25 US GDP data - and that's why the dollar did not sell off. Today, however, we're all expecting a soft April ISM manufacturing release ahead of the main event, which is tomorrow's jobs report. Consensus is already quite low at 47.9 for the headline ISM number. And anything softer than that could trigger another leg lower in the dollar.""100.25/100.50 should prove good intra-day resistance for DXY. Anything above there, and investors may need a rethink of some ultra-bearish dollar strategies, and 102 could be the surprise package."

11:33 WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours.

11:31 United Kingdom M4 Money Supply (YoY): 3.4% (March) vs previous 3.8%
United Kingdom M4 Money Supply (YoY): 3.4% (March) vs previous 3.8%

11:30 United Kingdom Net Lending to Individuals (MoM) above expectations (£4.4B) in March: Actual (£13.8B)
United Kingdom Net Lending to Individuals (MoM) above expectations (£4.4B) in March: Actual (£13.8B)

11:30 United Kingdom M4 Money Supply (MoM) above expectations (0.2%) in March: Actual (0.3%)
United Kingdom M4 Money Supply (MoM) above expectations (0.2%) in March: Actual (0.3%)

11:30 United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.4, above forecasts (44) in April
United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.4, above forecasts (44) in April

11:30 United Kingdom Consumer Credit came in at £0.875B, below expectations (£1.2B) in March
United Kingdom Consumer Credit came in at £0.875B, below expectations (£1.2B) in March

11:30 United Kingdom Mortgage Approvals below expectations (64.8K) in March: Actual (64.309K)
United Kingdom Mortgage Approvals below expectations (64.8K) in March: Actual (64.309K)

11:23 EUR: We may see 1.1250 after all – ING
A week ago, we were thinking that EUR/USD could retrace to the 1.1250 area, and it's taken some time, but we may get there after all, ING's FX analyst Chris Turner notes.

A week ago, we were thinking that EUR/USD could retrace to the 1.1250 area, and it's taken some time, but we may get there after all, ING's FX analyst Chris Turner notes.EUR/USD ro trade at 1.13 at the end of the quarter"The heart of the story is some risk premium coming out of US asset markets and the dollar. Many European markets are closed for the Labour Day public holiday, but EUR/USD could drift towards the 1.1250/60 area unless the ISM figure has a big miss on the downside.""In terms of the European Central Bank, the market now prices between two and three more 25bp cuts this year, and a dovish ECB remains a key restraining factor for EUR/USD. As per our last FX Talking, we've got an end-quarter EUR/USD forecast at 1.13.""We may be over-analysing things, but EUR/CHF is looking a little soft despite the bounce back in equities. The concern here remains that the Swiss National Bank cannot be as dovish as the ECB and is also more limited when it comes to FX intervention. A return to the 0.92 area looks like the bias, especially if the current risk environment does not hold."

10:56 USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.

10:49 Pound Sterling extends correction against US Dollar ahead of US Manufacturing PMI
The Pound Sterling (GBP) corrects further, trading slightly below 1.3300 against the US Dollar (USD) during European trading hours on Thursday and extending the decline from its three-year high of 1.3445 posted on Tuesday.

10:42 Forex Today: US Dollar stretches higher ahead of mid-tier data releases
Here is what you need to know on Thursday, May 1:

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The US economic calendar will feature Challenger Jobs Cuts and ISM Manufacturing PMI data for April, alongside the weekly Initial Jobless Claims. European markets will remain closed in observance of the Labor Day holiday. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD 0.57% 0.13% 0.52% -0.41% 0.16% 0.54% -0.19% EUR -0.57% -0.49% -0.02% -0.99% -0.51% -0.04% -0.77% GBP -0.13% 0.49% 0.44% -0.49% -0.04% 0.45% -0.28% JPY -0.52% 0.02% -0.44% -0.93% -0.36% -1.41% -0.48% CAD 0.41% 0.99% 0.49% 0.93% 0.45% 0.95% 0.23% AUD -0.16% 0.51% 0.04% 0.36% -0.45% 0.49% -0.26% NZD -0.54% 0.04% -0.45% 1.41% -0.95% -0.49% -0.73% CHF 0.19% 0.77% 0.28% 0.48% -0.23% 0.26% 0.73% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). The Bank of Japan announced on Thursday that it left the short-term interest rate target unchanged in the range of 0.40%- 0.50%. In the post-meeting press conference, BoJ Governor Kazuo Ueda noted that the uncertainty surrounding the Japanese outlook heightened sharply due to the US' trade policies. Ueda reiterated that they will keep raising rates if the economy and prices move in line with their projections. USD/JPY preserves its bullish momentum and trades above 144.50 in the European morning, rising about 1% on the day. The US Bureau of Economic Analysis' reported in its first estimate on Wednesday that Gross Domestic Product (GDP) contracted at an annual rate of 0.3% in the first quarter. Other data from the US showed that the core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's (Fed) preferred gauge of inflation, rose 2.6% on a yearly basis in March, matching the market consensus. Meanwhile, US President Donald Trump said on Wednesday that there was a very good probability that they will reach a deal with China. US Trade Representative Jamieson Greer, however, told reporters that no official talks with China were underway. US stock index futures rise between 0.5% and 1.4% in the European morning on Thursday after Wall Street's main indexes registered small gains on Wednesday.EUR/USD stays on the back foot and trades near 1.1300 in the European session after posting losses for two consecutive days.GBP/USD struggles to shake off the bearish pressure and retreats to the 1.3300 area early Thursday, losing about 0.3% on the day.Gold lost nearly 1% on Wednesday and closed below $3,300. XAU/USD extends its weekly slide and trades deep in negative territory below $3,250 to begin the European session. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

10:22 NZD/USD edges lower to near 0.5900 as US Dollar appreciates ahead of ISM Manufacturing PMI
The NZD/USD pair has trimmed its daily gains and is depreciating, trading near 0.5920 during the early European session on Thursday. The New Zealand Dollar (NZD) faces pressure as expectations mount for further monetary easing by the Reserve Bank of New Zealand (RBNZ).

10:02 EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Thursday, according to FXStreet data.

09:51 GBP/JPY rises to near 192.00 after BoJ’s Ueda speech
The GBP/JPY cross gains ground to near 191.95 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) after the Bank of Japan (BoJ) kept interest rates steady and slashed its growth forecasts on Thursday.

09:38 BoJ's Ueda: Uncertainty from trade policies heightened sharply
Bank of Japan (BoJ) Governor Kazuo addresses a press conference on Thursday, explaining the Bank’s decision to maintain the interest rate at 0.50% for the second consecutive meeting.

09:32 Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data.

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data. Palladium (XPD) changes hands at $942.30 a troy ounce, with the XPD/USD pair easing from its previous close at $943.55.
In the meantime, Platinum (XPT) trades at $962.05 against the United States Dollar (USD) early in the European session, also under pressure after the XPT/USD pair settled at $970.10 at the previous close.

09:30 Switzerland Real Retail Sales (YoY) registered at 2.2% above expectations (1.9%) in March
Switzerland Real Retail Sales (YoY) registered at 2.2% above expectations (1.9%) in March

09:30 Australia RBA Commodity Index SDR (YoY): -6.1% (April) vs -6.5%
Australia RBA Commodity Index SDR (YoY): -6.1% (April) vs -6.5%

09:01 Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.89 per barrel, down from Wednesday’s close at $57.97.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.01 after its previous daily close at $61.05.

08:50 FX option expiries for May 1 NY cut
EUR/USD: EUR amounts

EUR/USD: EUR amounts1.1200 1.6b1.1250 1.2b1.1270 1.8b1.1330 1.1b1.1500 1.4bUSD/JPY: USD amounts 143.00 1.6b143.50 1.1b144.00 1.1b144.75 1.1b145.00 1.5b145.75 1.7b146.00 906mAUD/USD: AUD amounts0.6275 514m0.6415 458m0.6425 553mNZD/USD: NZD amounts0.6005 560mEUR/GBP: EUR amounts 0.8500 895m

08:39 EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
The EUR/USD pair weakens to around 1.1295 during the early European session on Thursday, pressured by the renewed US Dollar (USD) demand. The optimism over the potential de-escalation of the US-China trade war provides some support to the Greenback and creates a headwind for the major pair.

08:20 EUR/GBP hovers near 0.8500 as soft Eurozone inflation, dovish BoE shape outlook
EUR/GBP holds ground for a second consecutive session, trading around the 0.8500 mark during the Asian session on Thursday.

08:17 US Dollar Index (DXY) advances to two-week high near 99.75; not out of the woods yet
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some buyers for the third straight day and climbs to a two-week high, around the 99.70-99.75 region during the Asian session on Thursday.

08:00 Japan Consumer Confidence Index registered at 31.2, below expectations (34) in April
Japan Consumer Confidence Index registered at 31.2, below expectations (34) in April

07:49 USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
The USD/CHF pair holds ground for the third successive session, trading around 0.8270 during the Asian hours on Thursday. The daily chart suggests a neutral market bias, with the pair consolidating within a recently established rectangular pattern.

07:35 India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.

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The price for Gold stood at 8,779.31 Indian Rupees (INR) per gram, down compared with the INR 8,953.37 it cost on Wednesday. The price for Gold decreased to INR 102,403.20 per tola from INR 104,430.40 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,779.31 10 Grams 87,796.08 Tola 102,403.20 Troy Ounce 273,068.10 2025 Gold Forecast Guide [PDF] Download your free copy of the 2025 Gold Forecast Daily Digest Market Movers: Gold price is pressured by receding safe-haven demand and a modest USD uptick US President Donald Trump said earlier this Thursday there is a “very good probability we'll reach a deal with China” and added that we have "potential" trade deals with India, South Korea and Japan. The comments add to the recent optimism and further boost investors' confidence. The US Dollar ticks higher in reaction to Trump's remarks and drags the safe-haven Gold price lower for the third consecutive day on Thursday. A breakdown below the $3,265-$3,260 pivotal support prompts technical selling and further contributes to the intraday decline to a two-week low. Automatic Data Processing (ADP) reported on Wednesday that private sector employment rose by 62K in April. This marked a notable decline from the 147K increase (revised from 155K) recorded in March and also missed the market expectation for a reading of 108,000 by a wide margin. Adding to this, the advance estimates by the Bureau of Economic Analysis, the US economy contracted at an annualized rate of 0.3% during the first quarter of 2025 after growing at a solid pace of 2.4% in the previous quarter. The data, in turn, revives concerns about a looming US recession. Meanwhile, the US Personal Consumption Expenditures (PCE) Price Index eased to the 2.3% YoY rate in March from 2.5% previous. Moreover, the core PCE Price Index, which excludes volatile food and energy prices, rose 2.6% vs. 3% in February, pointing to easing inflationary pressures. The dismal US macro data reaffirms bets that the Federal Reserve will resume its rate-cutting cycle in June. Traders are pricing in the possibility that the US central bank will lower borrowing costs by 100 basis points by the year-end. This should cap the USD and support the non-yielding yellow metal. On the geopolitical front, Kremlin spokesperson Dmitry Peskov said on Wednesday that Russia can mobilize for war on a scale comparable to the Soviet Union during World War II if necessary. Moreover, a Russian drone attack killed two civilians and injured five others in southern Ukraine. This might further contribute to limiting losses for the XAU/USD pair. Traders now look forward to key US macro releases – the ISM Manufacturing PMI later this Thursday and the Nonfarm Payrolls report on Friday. The data will provide cues about the Fed's rate-cut path and influence the commodity. FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.)

07:33 Netherlands, The Retail Sales (YoY): 1.8% (March) vs -0.5%
Netherlands, The Retail Sales (YoY): 1.8% (March) vs -0.5%

07:25 Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver (XAG/USD) drifts lower for the third straight day – also marking the fourth day of a negative move in the previous five – and drops to over a two-week low during the Asian session on Thursday.

07:00 EUR/JPY rises to near 162.50 as BoJ maintains policy rate as expected
EUR/JPY halts its three-day losing streak, rebounding to around 162.50 during Asian trading hours on Thursday. The recovery in the currency cross comes as the Japanese Yen (JPY) weakens across the board, following the Bank of Japan’s (BoJ) widely expected decision to maintain its policy rate.

06:57 WTI declines below $58.00 on demand fears, Saudi Arabia's plans
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.80 during the Asian trading hours on Thursday.

06:56 Gold price dives to two-week low as US-China trade deal hopes undermine safe-haven demand
Gold price (XAU/USD) remains under some selling pressure for the third successive day and drops to a two-week low, around the $3,230-$3,229 area during the Asian session on Thursday.

06:20 AUD/JPY holds positive ground near 92.00 as BoJ keeps rate steady amid tariff uncertainty
The AUD/JPY cross gains traction to near 91.90 during the Asian trading hours on Thursday. The Japanese Yen (JPY) trades slightly weaker against the Aussie after the Bank of Japan (BoJ) decided to keep its policy rate unchanged at its May meeting on Thursday.

06:02 Japan BoJ Interest Rate Decision meets forecasts (0.5%)
Japan BoJ Interest Rate Decision meets forecasts (0.5%)

05:48 USD/CAD languishes near YTD low, seems vulnerable below 1.3800 mark
The USD/CAD pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a narrow band below the 1.3800 mark, near its lowest level since October 2025 touched the previous day.

05:39 GBP/USD falls toward 1.3300 as Trump signals optimism over potential US-China trade deal
The GBP/USD pair continues its downward trajectory for the third straight day, trading around 1.3310 during Thursday’s Asian session.

05:11 NZD/USD drifts higher above 0.5900 on US-China trade optimism
The NZD/USD pair posts modest gains near 0.5935 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback amid hope for a US-China trade deal.

05:07 Japanese Yen looks to BoJ for fresh impetus; bullish potential seems intact
The Japanese Yen (JPY) snaps a two-day losing streak against its American counterpart as traders opt to move to the sidelines and wait for the crucial Bank of Japan (BoJ) policy decision this Thursday.

The Japanese Yen traders refrain from placing aggressive bets ahead of the BoJ policy decision.The updated economic projections will be scrutinized for cues about the future rate-cut path. The divergent BoJ-Fed policy expectations should continue to support the lower-yielding JPY. The Japanese Yen (JPY) snaps a two-day losing streak against its American counterpart as traders opt to move to the sidelines and wait for the crucial Bank of Japan (BoJ) policy decision this Thursday. Moreover, the updated economic projections and BoJ Governor Kazuo Ueda's comments at the post-meeting press conference will be scrutinized for cues about the likely timing of the next interest rate hike. This, in turn, will play a key role in determining the next leg of a directional move for the JPY. Heading into the key central bank event risk, hopes for the potential de-escalation of the US-China trade war remain supportive of a positive risk tone and act as a headwind for the safe-haven JPY. However, reviving US recession fears keeps a lid on the optimism. Moreover, bets for more rate cuts by the Federal Reserve (Fed), which marks a big divergence compared to hawkish BoJ expectations, should contribute to the lower-yielding JPY's relative outperformance against the US Dollar (USD). Japanese Yen traders await the crucial BoJ policy decision and updated economic projections before placing directional betsThe Bank of Japan is scheduled to announce its policy decision this Thursday and is widely expected to keep the policy interest rate steady at 0.5% amid the uncertainty surrounding US tariffs. Meanwhile, media reports suggest that the central bank could revise down its GDP forecasts for both fiscal years 2025 and 2026 to below 1%.Investors will also keep a close eye on updated inflation projections and when the BoJ expects to reach its price target. BoJ Governor Kazuo Ueda has repeatedly talked about two-sided risks for inflation. Hence, Ueda's comments will be the key to assessing the future rate-hike path, which, in turn, will drive the Japanese Yen. The final au Jibun Bank Japan Manufacturing PMI stood at 48.7 in April 2025, higher than a flash reading of 48.5 and March's 12-month low of 48.4. This, however, still marks the 10th straight month of decline in factory activity, though it does little to provide any meaningful impetus ahead of the key central bank event risk.From the US, Automatic Data Processing (ADP) reported on Wednesday that private-sector employment rose by 62,000 in April. This represented a notable decline from the 147,000 increase (revised from 155,000) recorded in March and also missed the market expectation for a reading of 108,000 by a wide margin.According to the advance estimates by the Bureau of Economic Analysis, the US economy contracted at an annualized rate of 0.3% during the first quarter of 2025 after growing at a solid pace of 2.4% in the previous quarter. The data revives fears about a looming US recession amid signs of easing inflationary pressures.The US Personal Consumption Expenditures (PCE) Price Index edged lower to 2.3% on a yearly basis in March from 2.5% in February. Adding to this, the core PCE Price Index, which excludes volatile food and energy prices, rose 2.6% compared to the 3% increase reported in February and was in line with analysts' estimates. This comes on top of worries about US President Donald Trump's erratic trade policies and reaffirms bets that the Federal Reserve will resume its rate-cutting cycle in June. In fact, Trump said this Thursday we have "potential" trade deals with India, South Korea and Japan, and that there is a “very good probability we'll reach a deal with China.”Meanwhile, traders are pricing in the possibility that the US central bank will lower borrowing costs by a full percentage point by the end of the year. This keeps the US Dollar well within striking distance of a multi-year low touched last week and suggests that the path of least resistance for the lower-yielding JPY remains to the upside. USD/JPY might confront stiff resistance near the 143.55-143.60 area; technical setup warrants some caution for bullsFrom a technical perspective, the USD/JPY pair is looking to build on its strength beyond the 143.00 mark and the 100-period Simple Moving Average (SMA) on the 4-hour chart. Any subsequent move up, however, is likely to confront stiff resistance near the 143.55-143.60 region ahead of the 144.00 round figure amid still negative oscillators on the daily chart. That said, some follow-through buying will set the stage for an extension of the recent recovery from a multi-month low and lift spot prices to the next relevant hurdle near the 144.60-144.65 region. The upward trajectory could extend further and allow bulls to reclaim the 145.00 psychological mark. On the flip side, the 142.65-142.60 area now seems to protect the immediate downside, below which the USD/JPY pair could drop to the 142.00 mark. A convincing break below the latter will be seen as a fresh trigger for bearish traders and make spot prices vulnerable to accelerate the fall towards mid-141.00s en route to the 141.10-141.00 region. The downward trajectory could extend further towards intermediate support near the 140.50 area and eventually expose the multi-month low – levels below the 140.00 psychological mark touched last week.

04:55 Australian Dollar remains stronger due to upbeat Trade Balance data
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Thursday. The AUD/USD pair appreciates following the release of Trade Balance data from Australia.

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0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}The Australian Dollar holds gains after the release of stronger Trade Balance data on Thursday.Australia’s Bureau of Statistics reported a trade surplus of AUD 6.9 billion for March, surpassing expectations of AUD 3.13 billion.President Trump expressed optimism about a potential trade agreement with China.The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Thursday. The AUD/USD pair appreciates following the release of Trade Balance data from Australia. Traders are likely awaiting the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) data from the United States (US) scheduled to be released later in the North American session.The Australian Bureau of Statistics reported a trade surplus of AUD 6.9 billion for March, significantly surpassing expectations of AUD 3.13 billion and the revised February figure of AUD 2.85 billion (down from AUD 2.97 billion). The strong surplus was driven by a 7.6% rise in exports and a 2.2% decline in imports for the month.On Wednesday, the Australian Bureau of Statistics (ABS) reported that the Consumer Price Index (CPI) rose by 0.9% quarter-over-quarter in Q1 2025, up from a 0.2% increase in Q4 2024 and exceeding market expectations of a 0.8% rise. On an annual basis, CPI climbed 2.4% in the first quarter, beating the forecast of 2.2%.Meanwhile, inflationary pressures in Australia in early 2025 have weakened expectations of further monetary easing by the Reserve Bank of Australia (RBA). Markets widely anticipate a 25-basis-point rate cut in May, as policymakers prepare for possible economic fallout from the recently introduced US tariffs.The US Dollar gains support as US President Donald Trump, during a NewsNation Town Hall interview early Thursday, expressed optimism about a potential trade agreement with China, stating there is a "very good probability we'll reach a deal." Trump emphasized that any agreement with China must meet US conditions. He also mentioned the possibility of future trade deals with India, South Korea, and Japan, and noted that a deal with Ukraine was finalized earlier in the day.Australian Dollar maintains position despite an improved US DollarThe US Dollar Index (DXY), which measures the USD against six major currencies, is gaining ground for the third successive day and trading around the 99.70 level at the time of writing. The US Dollar strengthens as traders scale back expectations for a 1% interest rate cut by the US Federal Reserve (Fed) this year, following data indicating a contraction in the US economy last quarter.According to figures released Thursday by the US Commerce Department, the economy shrank at an annualized rate of 0.3% in Q1 2025—falling short of the anticipated 0.4% growth and marking a sharp decline from the 2.4% expansion in the previous quarter.On Tuesday, the US Bureau of Labor Statistics reported that Job Openings and Labor Turnover Survey (JOLTS) openings dropped to 7.19 million in March, down from a revised 7.48 million in February and below the market forecast of 7.5 million. This marks the lowest level since September 2024, reflecting softening labor demand amid growing economic uncertainty in the United States (US).US President Donald Trump signaled openness to reducing Chinese tariffs, while Beijing exempted certain US goods from its 125% levies. This move has fueled hopes that the prolonged trade war between the world's two largest economies might be drawing to a close.Australia’s Monthly CPI held steady with a 2.4% year-over-year increase in March. Meanwhile, the Reserve Bank of Australia’s (RBA) Trimmed Mean CPI rose 2.9% year-over-year in Q1, in line with expectations, while the quarterly figure also met forecasts at 0.7%.Australian Treasurer Jim Chalmers noted that markets still anticipate further interest rate cuts. “The market expects more interest rate cuts after inflation figures,” he stated, adding that there’s “nothing in these numbers that would substantially alter market expectations.”In China, the National Bureau of Statistics (NBS) reported that the Manufacturing Purchasing Managers' Index (PMI) slipped to 49.0 in April from 50.5 in March, falling short of the 49.9 consensus and indicating a return to contraction. The Non-Manufacturing PMI also softened, easing to 50.4 in April from 50.8 in March, below the expected 50.7.Chinese Foreign Minister Wang Yi said on Tuesday that making concessions and retreating would only embolden the bully, emphasizing that dialogue is key to resolving differences.Australian Dollar remains above 0.6400; finds support near nine-day EMAThe AUD/USD pair is trading near 0.6410 on Thursday, with the daily chart maintaining a bullish tone. The pair remains above the nine-day Exponential Moving Average (EMA), and the 14-day Relative Strength Index (RSI) stays comfortably above the 50 mark—both indicating continued upward momentum.On the upside, immediate resistance lies at the recent four-month high of 0.6449, hit on April 29. A clear break above this level could open the door toward the five-month high of 0.6515.To the downside, initial support is seen at the nine-day EMA at 0.6388, followed by the 50-day EMA at 0.6317. A break below these levels would undermine the bullish bias and could expose the pair to further downside, potentially targeting the March 2020 low near 0.5914.AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD 0.19% 0.17% 0.09% -0.03% -0.08% -0.03% 0.09% EUR -0.19% -0.01% -0.10% -0.25% -0.28% -0.21% -0.12% GBP -0.17% 0.01% -0.10% -0.21% -0.26% -0.20% -0.10% JPY -0.09% 0.10% 0.10% -0.14% -0.17% -0.17% -0.08% CAD 0.03% 0.25% 0.21% 0.14% -0.05% 0.00% 0.10% AUD 0.08% 0.28% 0.26% 0.17% 0.05% 0.06% 0.16% NZD 0.03% 0.21% 0.20% 0.17% -0.00% -0.06% 0.10% CHF -0.09% 0.12% 0.10% 0.08% -0.10% -0.16% -0.10% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). Economic Indicator Trade Balance (MoM) The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD. Read more. Last release: Thu May 01, 2025 01:30 Frequency: Monthly Actual: 6,900M Consensus: 3,130M Previous: 2,968M Source: Australian Bureau of Statistics

04:36 Australia’s Trade Surplus climbs to 6,900M MoM in March vs. 3,130M expected
Australia’s trade surplus rose to 6,900M MoM in March versus 3,130M expected and 2,852M (revised from 2,968M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

04:31 Australia Trade Balance (MoM) came in at 6900M, above forecasts (3130M) in March
Australia Trade Balance (MoM) came in at 6900M, above forecasts (3130M) in March

04:31 Australia Exports (MoM) rose from previous -3.6% to 7.6% in March
Australia Exports (MoM) rose from previous -3.6% to 7.6% in March

04:31 Australia Imports (MoM) down to -2.2% in March from previous 1.6%
Australia Imports (MoM) down to -2.2% in March from previous 1.6%

04:30 Australia Import Price Index (QoQ) registered at 3.3% above expectations (0.3%) in 1Q
Australia Import Price Index (QoQ) registered at 3.3% above expectations (0.3%) in 1Q

04:30 Australia Export Price Index (QoQ): 2.1% (1Q) vs previous 3.6%
Australia Export Price Index (QoQ): 2.1% (1Q) vs previous 3.6%

04:21 US President Trump: Very good probability we'll reach a deal with China
In a NewsNation Town Hall interview early Thursday, US President Donald Trump said there is a “very good probability we'll reach a deal with China.”

In a NewsNation Town Hall interview early Thursday, US President Donald Trump said there is a “very good probability we'll reach a deal with China.”Additional quotesChina agreement must align with our conditions.India seeks to make a deal enthusiastically.We made a deal today on Ukraine.

03:51 Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US Dollar
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand.

03:31 Japan Jibun Bank Manufacturing PMI came in at 48.7, above expectations (48.5) in April
Japan Jibun Bank Manufacturing PMI came in at 48.7, above expectations (48.5) in April

03:10 South Korea Trade Balance declined to $4.88B in April from previous $4.92B
South Korea Trade Balance declined to $4.88B in April from previous $4.92B

03:05 A bipartisan measure to block Trump's tariffs fails in the US Senate
A bipartisan measure that sought to undo the sweeping tariffs that US President Donald Trump imposed on most countries earlier in April failed in the GOP-led Senate on Wednesday, per NBC.

03:02 Ireland Purchasing Manager Index Manufacturing rose from previous 51.6 to 53 in April
Ireland Purchasing Manager Index Manufacturing rose from previous 51.6 to 53 in April

02:41 US Trade Rep. Greer says initial trade deals are still weeks away
US trade representative Jamieson Greer said late Wednesday that US President Donald Trump’s administration expects to conclude initial tariff deals with some US trading partners within weeks.

02:19 EUR/USD weakens below 1.1350 on renewed US Dollar demand
The EUR/USD pair trades with mild losses near 1.1325 during the early Asian session on Thursday, pressured by renewed US Dollar (USD) demand. The US Dollar Index (DXY) advanced further and reached two-day highs around 99.70.

02:00 Australia Judo Bank Manufacturing PMI in line with forecasts (51.7) in April
Australia Judo Bank Manufacturing PMI in line with forecasts (51.7) in April

02:00 Bank of Japan expected to hold interest rate at 0.50% amid US trade war uncertainty
The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%.

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(min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}The Bank of Japan is expected to hold interest rates at 0.50% in its May meeting.The uncertainty related to the United States-inspired trade war will be at the centre of the decision.The Japanese Yen could ease further with the BoJ’s anticipated decision. The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%. The focus will then shift to any signs of future monetary policy actions in the foreseeable future, alongside fresh economic projections, with the Japanese Yen (JPY) reacting in consequence. What to expect from the BoJ interest rate decision?As said, the Japanese central bank will likely maintain interest rates on hold at 0.50%, the highest level in 17 years. The BoJ delivered a 25 basis points (bps) hike in January amid progress towards their 2% inflation goal, but stayed pat in March.Regarding projections, the BoJ forecasted 1.1% Gross Domestic Product (GDP) growth for FY 2025 and 1% for FY 2026 in January. Such a figure could suffer a revision amid the ongoing trade war, given that Japan is an export-dependent economy. Additionally, the median outlook for consumer inflation was 2.4% and 2% for the same two years.Meanwhile, the United States (US)-inspired trade war continues, generating uncertainties about economic and inflation progress. Without progress in negotiations, Japan will likely see a contraction in exports and reduced capital investment, alongside an uptick in inflation. That means Japanese policymakers will likely opt to keep rates on hold until a clearer picture emerges. Ahead of the announcement, Japanese Prime Minister Shigeru Ishiba announced in mid-April some emergency economic measures to alleviate any impact on industries and households affected by US levies. The package includes support for corporate financing and subsidies to lower petrol prices by 10 yen ($0.07) a litre (0.26 gallons), and partially cover electricity bills for three months from July.Also, Japan's Economy Minister, Ryosei Akazawa, who is in charge of trade negotiations with the US, repeated that they expect the complete removal of levies. Even further, he clarified that the government is not considering sacrificing agricultural products for the sake of autos in the negotiations.Finally, BoJ Governor Kazuo Ueda last week said the bank will continue to carefully monitor economic and price data in relation to interest rate policy. Ueda will hold a press conference after the announcement, and his words will be scrutinised for clues on future monetary policy decisions. As a note of colour, the US published first-tier data on Wednesday. The ADP Employment Change report showed that the private sector added 62K new job positions in April, much worse than the 108K anticipated by market participants. The preliminary estimate of the US Q1 GDP also missed expectations, as the economy contracted at an annualized pace of 0.3% against the anticipated 0.4% expansion. The figures fueled speculation that the US faces a recession in the foreseeable future amid Trump’s tariffs, and financial markets turned risk-averse ahead of BoJ’s decision.How could the Bank of Japan's interest rate decision affect USD/JPY?Generally speaking, markets price in central bank’s decisions, meaning a decision in line with expectations should have a limited impact on the JPY. Policymakers are expected to repeat that they will remain data-dependent. Downward revisions to expectations, however, may weigh on the Japanese currency. A scenario in which BoJ officials are optimistic about economic and inflation progress is quite unlikely, but it should result in a firmer JPY. Considering that, the USD/JPY will edge lower after BoJ’s decision. Valeria Bednarik, FXStreet Chief Analyst, says: “The USD/JPY pair hovers around 143.00 in the American session before the BoJ’s announcement, advancing for a second consecutive day, but the bullish potential seems well-limited. In the daily chart, a bearish 20 Simple Moving Average (SMA) provides dynamic resistance at around 143.70, while technical indicators aim north, although within negative levels and with uneven strength. Even further, the 100 and 200 SMAs keep heading lower, far above the current level, reflecting the dominant bearish trend. A recent peak at 144.02 comes as the next relevant level to watch, with a steady advance above it required to anticipate a bullish extension in the following sessions.”Bednarik adds: “Should the BoJ deliver a hawkish message, the risk for USD/JPY turns to the downside, with the 142.00 mark providing immediate support, ahead of the April 23 daily low at 141.35. Additional selling pressure exposes the year low at 139.88.” Central banks FAQs What does a central bank do? Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve (Fed), the European Central Bank (ECB) or the Bank of England (BoE), the mandate is to keep inflation close to 2%. What does a central bank do when inflation undershoots or overshoots its projected target? A central bank has one important tool at its disposal to get inflation higher or lower, and that is by tweaking its benchmark policy rate, commonly known as interest rate. On pre-communicated moments, the central bank will issue a statement with its policy rate and provide additional reasoning on why it is either remaining or changing (cutting or hiking) it. Local banks will adjust their savings and lending rates accordingly, which in turn will make it either harder or easier for people to earn on their savings or for companies to take out loans and make investments in their businesses. When the central bank hikes interest rates substantially, this is called monetary tightening. When it is cutting its benchmark rate, it is called monetary easing. Who decides on monetary policy and interest rates? A central bank is often politically independent. Members of the central bank policy board are passing through a series of panels and hearings before being appointed to a policy board seat. Each member in that board often has a certain conviction on how the central bank should control inflation and the subsequent monetary policy. Members that want a very loose monetary policy, with low rates and cheap lending, to boost the economy substantially while being content to see inflation slightly above 2%, are called ‘doves’. Members that rather want to see higher rates to reward savings and want to keep a lit on inflation at all time are called ‘hawks’ and will not rest until inflation is at or just below 2%. Is there a president or head of a central bank? Normally, there is a chairman or president who leads each meeting, needs to create a consensus between the hawks or doves and has his or her final say when it would come down to a vote split to avoid a 50-50 tie on whether the current policy should be adjusted. The chairman will deliver speeches which often can be followed live, where the current monetary stance and outlook is being communicated. A central bank will try to push forward its monetary policy without triggering violent swings in rates, equities, or its currency. All members of the central bank will channel their stance toward the markets in advance of a policy meeting event. A few days before a policy meeting takes place until the new policy has been communicated, members are forbidden to talk publicly. This is called the blackout period. Economic Indicator BoJ Interest Rate Decision The Bank of Japan (BoJ) announces its interest rate decision after each of the Bank’s eight scheduled annual meetings. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and raises interest rates it is bullish for the Japanese Yen (JPY). Likewise, if the BoJ has a dovish view on the Japanese economy and keeps interest rates unchanged, or cuts them, it is usually bearish for JPY. Read more. Next release: Thu May 01, 2025 03:00 Frequency: Irregular Consensus: 0.5% Previous: 0.5% Source: Bank of Japan

01:55 Mexican Peso slumps as US recession fears boost US Dollar despite surprise GDP beat
The Mexican Peso lost some ground against the US Dollar and edged down over 0.31% late during the North American session due to fears that the US could face an economic recession, as revealed by data.

01:15 New Zealand ANZ – Roy Morgan Consumer Confidence: 98.3 (April) vs 93.2
New Zealand ANZ – Roy Morgan Consumer Confidence: 98.3 (April) vs 93.2

01:00 AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens
The AUD/NZD pair is trading with a slight downside bias on Wednesday as it hovers near the mid-1.0800s, showing mild losses for the day ahead of the Asian session.

AUD/NZD moves around the mid-1.0800s ahead of Asia after a mild pullback.Overall sentiment leans bearish despite mixed intraday indicators.Longer-term trend lines tilt lower, with key resistance levels capping upside.The AUD/NZD pair is trading with a slight downside bias on Wednesday as it hovers near the mid-1.0800s, showing mild losses for the day ahead of the Asian session. While short-term signals such as the MACD offer tentative support and the RSI stays neutral, the broader picture remains pressured by a bearish trend, reinforced by declining longer-term moving averages. The pair is trading mid-range and struggling to break through overhead resistance, reflecting underlying softness in momentum.Technically, the AUD/NZD maintains a bearish outlook. The Relative Strength Index is neutral near 47, indicating a lack of conviction on either side. The MACD, however, provides a modest buy signal, which contrasts with the overall structure shaped by the moving averages. The Stochastic RSI is elevated but neutral, while the Average Directional Index sits above 35, suggesting the existing trend has strength, though directionality remains unclear in the short term.The bearish bias is underpinned by the positioning of key moving averages. The 30-day Exponential and Simple Moving Averages — both sitting above current levels — are aligned with the downward tilt of the 100-day and 200-day SMAs, reinforcing resistance. The 20-day SMA is the lone short-term signal supporting buyers, but it lacks broader confirmation.Immediate support levels are noted at 1.0783, 1.0776, and 1.0760. Resistance is capped at 1.0801, followed by 1.0819 and 1.0833.Daily Chart

00:44 US President Trump: Slams Fed and demands lower rates
US President Donald Trump spoke at the White House during the Investing in America event. He said there’s an individual at the Federal Reserve that I am not a big fan of and insisted that interest rates should be lower.

00:30 USD/JPY edges lower as recession fears rise and Japan data underwhelms
The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies.

The USD/JPY is trading slightly down, stuck in a tight range, as growth concerns pressure the Dollar while weak Japanese data caps Yen strength.US GDP contracted by 0.3% in Q1, inflation slowed, and traders now see increased chances of Fed rate cuts; Trump renews criticism of Powell.Technical signals remain bearish, with multiple SMAs pointing lower and the pair struggling below resistance at 143.57.The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies. The US economy contracted by 0.3% in the first quarter of 2025, the first decline since 2022, missing expectations for growth and highlighting the impact of higher imports and reduced government spending. At the same time, Japan reported weaker-than-expected industrial production and retail sales, which limited the Yen’s upside even as global risk appetite faltered.On the macro front, the US Bureau of Economic Analysis reported that real GDP shrank by 0.3% in Q1, missing the market forecast of 0.4% growth and marking a sharp deceleration from the 2.4% increase in Q4 2024. The contraction was primarily driven by a 41% surge in imports and lower government outlays. Meanwhile, core PCE inflation, the Fed’s preferred gauge, moderated to 2.3% year-on-year, in line with expectations and down from February’s 2.5%. Other data showed weaker job creation, with the ADP report revealing just 62,000 new jobs in April versus an expected 108,000.Despite softer data, personal spending remained solid in March, rising by 0.7%, while income rose 0.5%. However, market sentiment turned cautious, with the Dow Jones Industrial Average dropping over 200 points and lingering around 40,300. President Donald Trump reignited tension by blaming the economic downturn on his predecessor and calling out Fed Chair Jerome Powell during a speech, saying he knows more about interest rates. Additionally, Trump hinted at progress in trade talks with Canada and possibly China.In Japan, the Yen weakened 0.5% against the Dollar as industrial production and retail sales data both disappointed, highlighting domestic fragility. Although the Bank of Japan is not expected to adjust policy at its next meeting, investors will focus on updated forecasts and any signals about trade-related risks. With US-Japan trade talks ongoing and China’s macro indicators also signaling a slowdown, markets remain on edge heading into Friday’s key Nonfarm Payrolls release.Technical AnalysisFrom a technical standpoint, USD/JPY is flashing bearish signals, currently trading around 143.00. The pair is contained between 142.93 and 143.05. The RSI at 43.20 is neutral, while MACD gives a soft buy indication. However, momentum at 0.55 and the flat Ultimate Oscillator at 52.21 show indecision. Moving averages lean negative, with the 20-day SMA at 143.57, 100-day at 150.99, and 200-day at 149.81 all suggesting a downward trend. Additional resistance is located at 143.84 and 144.63, while support levels are seen at 142.88, 142.76, and 142.45.The market’s focus now turns to the ISM Manufacturing PMI and Friday’s jobs report, which will be pivotal in shaping expectations for the Fed’s next move. Until then, risk sentiment and rate expectations are likely to dictate short-term direction.Daily Chart

00:14 US President Trump: We need to give us a little time to get moving
The US President Donald Trump speaks at the White House on the Investing in America event.

00:07 EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge
The EUR/JPY pair moved modestly lower on Wednesday, holding near the 162.00 area as it heads into the Asian session. Price action remained contained within a tight daily range, reflecting indecision among traders.

EUR/JPY trades around the 162.00 zone after a quiet session with slight downside pressure. Technical bias is neutral, with mixed intraday signals offering little directional conviction. Short-term indicators remain flat, while longer-term averages suggest underlying support.The EUR/JPY pair moved modestly lower on Wednesday, holding near the 162.00 area as it heads into the Asian session. Price action remained contained within a tight daily range, reflecting indecision among traders. Momentum indicators such as the Relative Strength Index and Williams Percent Range are neutral, while the MACD points to mild bearish pressure. However, longer-term moving averages continue to lean bullish, keeping the broader outlook supported despite the short-term stagnation.EUR/JPY is currently exhibiting a neutral stance. The Relative Strength Index is hovering near 51, reinforcing the lack of momentum in either direction. The MACD, however, has turned lower and now flashes a sell signal, hinting at softening demand. Both the Stochastic %K and Williams Percent Range confirm the indecision, holding at neutral levels that reflect the absence of overbought or oversold conditions.Looking at trend indicators, the 20-day, 100-day, and 200-day Simple Moving Averages are all positioned below the market and point upward, offering a supportive structure in the medium term. In contrast, the Ichimoku Base Line remains flat and neutral, failing to confirm directional strength in the near term.Immediate support rests at 161.91, followed by 161.81 and 161.78. Resistance is seen at 161.96, 162.00, and 162.17.Daily Chart

00:00 Mexico Fiscal Balance, pesos: -24.6B (March) vs -95.31B
Mexico Fiscal Balance, pesos: -24.6B (March) vs -95.31B

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21:22 US Dollar Index rises above 100.00 ahead of Nonfarm Payrolls The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is rising above the 100.00 level as markets absorb softer-than-expected labor and manufacturing data.

21:00 United States EIA Natural Gas Storage Change below forecasts (111B) in April 25: Actual (107B) United States EIA Natural Gas Storage Change below forecasts (111B) in April 25: Actual (107B)

20:59 Forex Today: US Dollar stands victorious as trade tensions ease What you need to take care of on Friday, May 2:

20:00 USD/CHF climbs despite soft data, NFP report looms The USD/CHF is trading with gains, extending its recovery into the upper 0.8900s after a busy Thursday filled with US economic data and renewed Fed rate cut speculation.

18:35 EUR/USD Price Analysis: Euro holds losses near 1.1300 The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum.

18:32 United States 4-Week Bill Auction: 4.24% vs 4.22% United States 4-Week Bill Auction: 4.24% vs 4.22%

18:08 Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength Silver price (XAG/USD) recovers a majority of its early gains and returns to near $32.50 during North American trading hours on Thursday.

17:00 United States ISM Manufacturing Prices Paid registered at 69.8, below expectations (70.3) in April United States ISM Manufacturing Prices Paid registered at 69.8, below expectations (70.3) in April

17:00 United States ISM Manufacturing New Orders Index up to 47.2 in April from previous 45.2 United States ISM Manufacturing New Orders Index up to 47.2 in April from previous 45.2

17:00 United States ISM Manufacturing PMI above forecasts (48) in April: Actual (48.7) United States ISM Manufacturing PMI above forecasts (48) in April: Actual (48.7)

17:00 United States Construction Spending (MoM) came in at -0.5% below forecasts (0.2%) in March United States Construction Spending (MoM) came in at -0.5% below forecasts (0.2%) in March

17:00 United States ISM Manufacturing Employment Index up to 46.5 in April from previous 44.7 United States ISM Manufacturing Employment Index up to 46.5 in April from previous 44.7

16:45 United States S&P Global Manufacturing PMI below forecasts (50.7) in April: Actual (50.2) United States S&P Global Manufacturing PMI below forecasts (50.7) in April: Actual (50.2)

16:30 Canada S&P Global Manufacturing PMI dipped from previous 46.3 to 45.3 in April Canada S&P Global Manufacturing PMI dipped from previous 46.3 to 45.3 in April

15:30 United States Initial Jobless Claims above forecasts (224K) in April 25: Actual (241K) United States Initial Jobless Claims above forecasts (224K) in April 25: Actual (241K)

15:30 United States Continuing Jobless Claims above expectations (1.86M) in April 18: Actual (1.916M) United States Continuing Jobless Claims above expectations (1.86M) in April 18: Actual (1.916M)

15:30 United States Initial Jobless Claims 4-week average up to 226K in April 25 from previous 220.25K United States Initial Jobless Claims 4-week average up to 226K in April 25 from previous 220.25K

15:16 USD's safe haven appeal fades as trade war backfires – Rabobank Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.

15:07 GBP quiet despite improvement in manufacturing PMI – Scotiabank The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes.

15:00 EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.

14:30 United States Challenger Job Cuts: 105.441K (April) vs previous 275.24K United States Challenger Job Cuts: 105.441K (April) vs previous 275.24K

13:06 Will EU trade pivot away from the US? – Standard Chartered The US has become the EU’s dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation.

12:56 EUR/USD bounces back intraday as US Dollar struggles to extend recovery EUR/USD recovers its initial losses after sliding to near 1.1285 and flattens around 1.1330 during European trading hours on Thursday.

12:54 JPY: BoJ expresses more caution over delivering further rate hikes – MUFG The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.

12:40 Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald “Trump’s tariffs to have a 'tremendously adverse' impact on the economy.”

12:30 Silver price today: Silver falls, according to FXStreet data Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

12:27 CAD strengthens on trade optimism and BOC caution – BBH The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report.

12:17 Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA Silver price (XAG/USD) is extending its losses for the third successive session, trading around $32.30 per troy ounce during the European session on Thursday.

12:13 USD/JPY rises post-BoJ, but long-term bias remains bearish – Danske Bank JPY still a safe haven as policy uncertainty supports demand

11:51 EUR/USD stays trapped in 1.13–1.14 range ahead of payrolls – Danske Bank EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report.

11:36 USD: April ISM poses the downside risk – ING Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall.

11:33 WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours.

11:31 United Kingdom M4 Money Supply (YoY): 3.4% (March) vs previous 3.8% United Kingdom M4 Money Supply (YoY): 3.4% (March) vs previous 3.8%

11:30 United Kingdom Net Lending to Individuals (MoM) above expectations (£4.4B) in March: Actual (£13.8B) United Kingdom Net Lending to Individuals (MoM) above expectations (£4.4B) in March: Actual (£13.8B)

11:30 United Kingdom M4 Money Supply (MoM) above expectations (0.2%) in March: Actual (0.3%) United Kingdom M4 Money Supply (MoM) above expectations (0.2%) in March: Actual (0.3%)

11:30 United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.4, above forecasts (44) in April United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.4, above forecasts (44) in April

11:30 United Kingdom Consumer Credit came in at £0.875B, below expectations (£1.2B) in March United Kingdom Consumer Credit came in at £0.875B, below expectations (£1.2B) in March

11:30 United Kingdom Mortgage Approvals below expectations (64.8K) in March: Actual (64.309K) United Kingdom Mortgage Approvals below expectations (64.8K) in March: Actual (64.309K)

11:23 EUR: We may see 1.1250 after all – ING A week ago, we were thinking that EUR/USD could retrace to the 1.1250 area, and it's taken some time, but we may get there after all, ING's FX analyst Chris Turner notes.

10:56 USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.

10:42 Forex Today: US Dollar stretches higher ahead of mid-tier data releases Here is what you need to know on Thursday, May 1:

10:02 EUR/INR today: Indian Rupee cross rates mixed at the start of the European session Indian Rupee (INR) crosses trade mixed at the start of Thursday, according to FXStreet data.

09:38 BoJ's Ueda: Uncertainty from trade policies heightened sharply Bank of Japan (BoJ) Governor Kazuo addresses a press conference on Thursday, explaining the Bank’s decision to maintain the interest rate at 0.50% for the second consecutive meeting.

09:32 Palladium price today: Rare metals down at the start of the European session Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data.

09:30 Switzerland Real Retail Sales (YoY) registered at 2.2% above expectations (1.9%) in March Switzerland Real Retail Sales (YoY) registered at 2.2% above expectations (1.9%) in March

09:30 Australia RBA Commodity Index SDR (YoY): -6.1% (April) vs -6.5% Australia RBA Commodity Index SDR (YoY): -6.1% (April) vs -6.5%

08:50 FX option expiries for May 1 NY cut EUR/USD: EUR amounts

08:20 EUR/GBP hovers near 0.8500 as soft Eurozone inflation, dovish BoE shape outlook EUR/GBP holds ground for a second consecutive session, trading around the 0.8500 mark during the Asian session on Thursday.

08:00 Japan Consumer Confidence Index registered at 31.2, below expectations (34) in April Japan Consumer Confidence Index registered at 31.2, below expectations (34) in April

07:35 India Gold price today: Gold falls, according to FXStreet data Gold prices fell in India on Thursday, according to data compiled by FXStreet.

07:33 Netherlands, The Retail Sales (YoY): 1.8% (March) vs -0.5% Netherlands, The Retail Sales (YoY): 1.8% (March) vs -0.5%

06:57 WTI declines below $58.00 on demand fears, Saudi Arabia's plans West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.80 during the Asian trading hours on Thursday.

06:56 Gold price dives to two-week low as US-China trade deal hopes undermine safe-haven demand Gold price (XAU/USD) remains under some selling pressure for the third successive day and drops to a two-week low, around the $3,230-$3,229 area during the Asian session on Thursday.

06:02 Japan BoJ Interest Rate Decision meets forecasts (0.5%) Japan BoJ Interest Rate Decision meets forecasts (0.5%)

05:48 USD/CAD languishes near YTD low, seems vulnerable below 1.3800 mark The USD/CAD pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a narrow band below the 1.3800 mark, near its lowest level since October 2025 touched the previous day.

05:39 GBP/USD falls toward 1.3300 as Trump signals optimism over potential US-China trade deal The GBP/USD pair continues its downward trajectory for the third straight day, trading around 1.3310 during Thursday’s Asian session.

05:11 NZD/USD drifts higher above 0.5900 on US-China trade optimism The NZD/USD pair posts modest gains near 0.5935 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback amid hope for a US-China trade deal.

05:07 Japanese Yen looks to BoJ for fresh impetus; bullish potential seems intact The Japanese Yen (JPY) snaps a two-day losing streak against its American counterpart as traders opt to move to the sidelines and wait for the crucial Bank of Japan (BoJ) policy decision this Thursday.

04:55 Australian Dollar remains stronger due to upbeat Trade Balance data The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Thursday. The AUD/USD pair appreciates following the release of Trade Balance data from Australia.

04:31 Australia Trade Balance (MoM) came in at 6900M, above forecasts (3130M) in March Australia Trade Balance (MoM) came in at 6900M, above forecasts (3130M) in March

04:31 Australia Exports (MoM) rose from previous -3.6% to 7.6% in March Australia Exports (MoM) rose from previous -3.6% to 7.6% in March

04:31 Australia Imports (MoM) down to -2.2% in March from previous 1.6% Australia Imports (MoM) down to -2.2% in March from previous 1.6%

04:30 Australia Import Price Index (QoQ) registered at 3.3% above expectations (0.3%) in 1Q Australia Import Price Index (QoQ) registered at 3.3% above expectations (0.3%) in 1Q

04:30 Australia Export Price Index (QoQ): 2.1% (1Q) vs previous 3.6% Australia Export Price Index (QoQ): 2.1% (1Q) vs previous 3.6%

04:21 US President Trump: Very good probability we'll reach a deal with China In a NewsNation Town Hall interview early Thursday, US President Donald Trump said there is a “very good probability we'll reach a deal with China.”

03:31 Japan Jibun Bank Manufacturing PMI came in at 48.7, above expectations (48.5) in April Japan Jibun Bank Manufacturing PMI came in at 48.7, above expectations (48.5) in April

03:10 South Korea Trade Balance declined to $4.88B in April from previous $4.92B South Korea Trade Balance declined to $4.88B in April from previous $4.92B

03:05 A bipartisan measure to block Trump's tariffs fails in the US Senate A bipartisan measure that sought to undo the sweeping tariffs that US President Donald Trump imposed on most countries earlier in April failed in the GOP-led Senate on Wednesday, per NBC.

03:02 Ireland Purchasing Manager Index Manufacturing rose from previous 51.6 to 53 in April Ireland Purchasing Manager Index Manufacturing rose from previous 51.6 to 53 in April

02:41 US Trade Rep. Greer says initial trade deals are still weeks away US trade representative Jamieson Greer said late Wednesday that US President Donald Trump’s administration expects to conclude initial tariff deals with some US trading partners within weeks.

02:19 EUR/USD weakens below 1.1350 on renewed US Dollar demand The EUR/USD pair trades with mild losses near 1.1325 during the early Asian session on Thursday, pressured by renewed US Dollar (USD) demand. The US Dollar Index (DXY) advanced further and reached two-day highs around 99.70.

02:00 Australia Judo Bank Manufacturing PMI in line with forecasts (51.7) in April Australia Judo Bank Manufacturing PMI in line with forecasts (51.7) in April

01:55 Mexican Peso slumps as US recession fears boost US Dollar despite surprise GDP beat The Mexican Peso lost some ground against the US Dollar and edged down over 0.31% late during the North American session due to fears that the US could face an economic recession, as revealed by data.

01:15 New Zealand ANZ – Roy Morgan Consumer Confidence: 98.3 (April) vs 93.2 New Zealand ANZ – Roy Morgan Consumer Confidence: 98.3 (April) vs 93.2

01:00 AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens The AUD/NZD pair is trading with a slight downside bias on Wednesday as it hovers near the mid-1.0800s, showing mild losses for the day ahead of the Asian session.

00:44 US President Trump: Slams Fed and demands lower rates US President Donald Trump spoke at the White House during the Investing in America event. He said there’s an individual at the Federal Reserve that I am not a big fan of and insisted that interest rates should be lower.

00:30 USD/JPY edges lower as recession fears rise and Japan data underwhelms The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies.

00:14 US President Trump: We need to give us a little time to get moving The US President Donald Trump speaks at the White House on the Investing in America event.

00:07 EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge The EUR/JPY pair moved modestly lower on Wednesday, holding near the 162.00 area as it heads into the Asian session. Price action remained contained within a tight daily range, reflecting indecision among traders.