Forex News Today

The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending cha…

Gold (XAU/USD) slips to $3,340 at the time of writing on Thursday, a smaller-than 1% correction in safe haven outflow, with United States (US) President Donald Trump expected to announce a trade deal agreement with the United Kingdom (UK) at a news con…

The Pound Sterling (GBP) attracts bids against its peers in Thursday’s European session after the Bank of England’s (BoE) hawkish interest rate cut decision.

EUR/GBP is extending losses for the fourth consecutive session, trading near 0.8500 in early European hours on Thursday.

Sweden Riksbank Interest Rate Decision in line with expectations (2.25%)

Here is what you need to know on Thursday, May 8:

The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is extending gains for a second straight session, hovering near 100.00 at the time of writing. The DXY may continue to gain ground amid the Federal …

Austria Trade Balance fell from previous €309.6M to €44.9M in February

Spain Industrial Output Cal Adjusted (YoY) up to 1% in March from previous -1.9%

An official at the UK government confirmed on Thursday that US President Donald Trump is expected to announce an outline of the US-UK trade deal.

Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -4% to -0.2% in March

South Africa Net $Gold & Forex Reserve up to $64.318B in April from previous $63.167B

South Africa Gross $Gold & Forex Reserve climbed from previous $67.45B to $67.585B in April

Germany Trade Balance s.a. registered at €21.1B above expectations (€19.1B) in March

Germany Industrial Production s.a. (MoM) registered at 3% above expectations (0.8%) in February

United Kingdom Halifax House Prices (MoM) came in at 0.3%, above forecasts (-0.1%) in April

Germany Imports (MoM) came in at -1.4% below forecasts (0.4%) in March

Germany Exports (MoM) above forecasts (1%) in March: Actual (1.1%)

Bank of England Governor Andrew Bailey explained the decision to cut the policy rate to 4.25% following the May meeting and responded to questions during the post-meeting press conference.

The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the third successive session on Thursday. The USD/INR pair appreciates amid the Federal Reserve’s (Fed) cautious policy outlook.

FX option expiries for May 8 NY cut at 10:00 Eastern Time via DTCC can be found below.

The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday and reverses a part of the overnight slide from the 1.1375-1.1380 resistance zone.

Our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and highlights BLOCK, INC – XYZ (SQ2).

The NZD/USD pair is trading near 0.5970 during Thursday’s Asian session, rebounding after a more than 1% decline in the previous session. The recovery is driven by optimism surrounding potential de-escalation in US-China trade tensions.

The GBP/USD pair rebounds from its recent losses, trading near 1.3340 during the Asian session on Thursday.

Silver (XAG/USD) attracts fresh buying during the Asian session on Thursday and reverses a major part of the previous day’s retracement slide from over a one-week high. The white metal climbs to the $33.00 neighborhood in the last hour and seems poised…

The GBP/USD pair rebounds from its recent losses, trading near 1.3340 during the Asian session on Thursday. The Pound Sterling (GBP) gains traction on speculation that the Trump administration may soon announce a trade agreement with the United Kingdom…

The Japanese Yen (JPY) continues losing ground through the first half of the European session on Thursday, which, along with some follow-through US Dollar (USD) buying, lifts the USD/JPY pair further beyond mid-144.00s.

Netherlands, The Consumer Price Index n.s.a (YoY) remains unchanged at 3.7% in April

Netherlands, The Consumer Spending Volume dipped from previous 2.1% to 0.9% in March

Citing the Chinese Embassy in the United States (US), the Global Times, a highly influential China’s media outlet, stated on X early Thursday that Beijing is unlikely to lower tariffs before the talks in Switzerland begin.

West Texas Intermediate (WTI) crude Oil price recovers some ground during Thursday’s Asian session, trading around $58.10 per barrel after recent losses. The rebound is supported by a decline in US crude inventories.

Indonesia Foreign Reserves: $152.5 (April) vs previous $157.1

The USD/CAD pair fails to capitalize on the pervious day’s modest recovery move from the vicinity of the year-to-date low and meets with a fresh supply during the Asian session on Thursday.

Gold price (XAU/USD) turns lower for the second straight day following an intraday uptick to the $3,414-3,415 area and extends the intraday descent heading into the European session on Thursday.

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, he is “mindful of the impact of the rising food prices on underlying inflation.”

US President Donald Trump announced during the Asian trading hours on Thursday of “a big news conference (Thursday) tomorrow morning at 10:00 a.m. (14 GMT) in the Oval Office. concerning a major trade deal with representatives of a big, and highly resp…

The AUD/USD pair edges higher in Thursday’s Asian session, trading around 0.6440 after falling over 1% in the previous session. The pair had previously touched a five-month high of 0.6514 on Wednesday, but retreated amid Federal Reserve’s (Fed) cautiou…

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2073 as compared to the previous day’s fix of 7.2005 and 7.2385 Reuters estimate.

New Zealand’s Prime Minister Christopher Luxon crossed the wires in the last hour, saying that the sharp deterioration of financial markets in early April has somewhat recovered, but markets remain volatile.

The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook this Thursday, per the Minutes of the March 18-19 meeting.

United Kingdom RICS Housing Price Balance down to -3% in April from previous 2%

EUR/USD stuck to its middling ways on Wednesday, remaining entrenched near the 1.1300 handle after the Federal Reserve’s (Fed) latest rate call went about as well as traders expected, albeit with a fresh batch of “wait-and-see” warnings from Fed Chair …

GBP/USD fell back on Wednesday, shedding six-tenths of one percent as markets kept one foot firmly planted in the safe haven Greenback.