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USD/JPY Price Forecast: Holds above 157.00; bulls seem hesitant amid intervention fears
The USD/JPY pair builds on the previous day's late rebound from the vicinity of mid-155.00s, or over a two-month trough, and gains some positive traction during the Asian session on Friday.
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet.
China: Manufacturing outlook bright, demand softens – UOB
UOB economist Ho Woei Chen assesses China’s latest PMIs, noting a positive outlook for manufacturing supported by strong AI-related export demand and robust industrial profits, while domestic demand and services weaken.
Pound Sterling Price News and Forecast: Bullish-engulfing pattern looms, traders eye 1.3600
The GBP/USD pair advances by some 0.78% on Thursday as market participants continue to price in further tightening by the Bank of England (BoE), even though it kept rates steady earlier in the day.
Romania: Reform risks rise – Standard Chartered
Standard Chartered Bank analysts Pietro Righi and Christopher Graham warn that renewed political turmoil in Romania could undermine fiscal consolidation and delay key reforms.
Asian FX: Oil shock and Fed stance pressure – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that most Asian FX traded softer as Brent’s rise toward USD120/bbl, inflation risks and hawkish Fed repricing weighed on sentiment.
India: Growth resilient but risks building – Commerzbank
Commerzbank analysts describe India’s growth backdrop as solid, with GDP expected around 6.5% in fiscal 2026–2027, supported by domestic demand, GST 2.0 reforms, and investment-friendly budgets.
EUR/USD Price Forecast: Consolidates below key Fibonacci level as bulls defend 200-day SMA
The Euro (EUR) edges higher against the US Dollar (USD) on Thursday as the Greenback softens broadly following possible intervention from Tokyo, with authorities seen selling Dollars to support the Japanese Yen (JPY), while the Euro also draws some support from the latest monetary policy decision by
GBP/USD Price Forecast: Bullish-engulfing pattern looms, traders eye 1.3600
The GBP/USD pair advances by some 0.78% on Thursday as market participants continue to price in further tightening by the Bank of England (BoE), even though it kept rates steady earlier in the day.
UK: Local vote risks and Gilt focus – Standard Chartered
Standard Chartered strategists discuss how United Kingdom (UK) local elections on 7 May could intensify political pressure on Prime Minister Starmer and potentially trigger a Labour leadership challenge.
WTI Oil eases after three-day advance as Hormuz tensions keep supply risks in focus
West Texas Intermediate (WTI) declines on Thursday, trading around $101.45 at the time of writing, down 3.70% on the day after three consecutive days of gains. Despite this technical pullback, US Crude remains above the psychological $100 level, reflecting a market that is still under strain.
Dow Jones Industrial Average rallies above 49,500 on Caterpillar earnings boost
The Dow Jones Industrial Average climbed sharply on Thursday, adding about 730 points, or 1.5%, after rallying from an overnight low below 48,500 to a session high just above 49,600.
USD/CAD falls as Dollar weakens on possible Japan FX intervention
USD/CAD trades on the back foot on Thursday as renewed weakness in the US Dollar (USD) supports the Canadian Dollar (CAD), while the latest US economic data fails to provide support to the Greenback. At the time of writing, the pair is trading around 1.3612, down nearly 0.53% on the day.
BoE recap: An 'active hold' as inflation risks re-emerge
The Bank of England (BoE) kept rates unchanged at 3.75%, but unlike a passive pause, this was framed as a deliberate and active policy choice.
EUR/GBP slips as ECB and BoE hold rates, but hawks stay alert
The EUR/GBP pair falls some 0.16% on Thursday as the central bank bonanza ends with the European Central Bank (ECB) and the Bank of England (BoE) keeping interest rates unchanged as expected. The cross-pair trades at around 0.8644 after reaching a daily high of 0.8670.
AUD/USD rises amid robust Chinese business activity, weaker US Dollar
The AUD/USD recovers toward the 0.7190 price region on Thursday, erasing Wednesday's losses, as the Australian Dollar (AUD) benefits from data showing a resilient Chinese economy and a weaker US Dollar (USD).
Silver Price Analysis: XAG/USD rebound loses momentum amid restrictive policy risks
Silver (XAG/USD) moves higher on Thursday, trading around $73.40 at the time of writing, up 2.81% on the day, after undergoing a marked pullback in recent weeks. This technical rebound comes as the white metal attempts to stabilize following the rejection near the $80 threshold in mid-April.
United States 4-Week Bill Auction climbed from previous 3.595% to 3.6%
United States 4-Week Bill Auction climbed from previous 3.595% to 3.6%
Gold firms as USD weakens, higher-for-longer rates limit upside
Gold (XAU/USD) edges higher on Thursday, recovering from the one-month low of $4,510 seen the previous day. The modest rebound comes as the US Dollar (USD) weakens after Tokyo ramps up FX intervention warnings.
ECB sees two rate hikes if Brent stays above $100 – Reuters
Sources speaking with Reuters revealed that the European Central Bank (ECB) policymakers are likely to hike rates “at least” twice this year, beginning in June if there’s no resolution to the Iran conflict.
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