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GBP/USD rises towards 1.3300 as UK economy grows above forecasts
GBP/USD rises towards 1.3300 as UK economy grows above forecasts
The Pound Sterling extended its gains against the US Dollar, driven by a positive reading of economic growth in the UK and softer-than-expected data in the US, which fueled speculation of a slower economic outlook. At the time of writing, the GBP/USD trades at 1.3293, up 0.31%.
GBPUSD
Majors
Technical Analysis
GDP
Currencies
USD/CHF holds near multi-week lows amid mixed US data
USD/CHF holds near multi-week lows amid mixed US data
USD/CHF remains pressured near the 0.8360 level on Thursday, extending its consolidation within this week’s range. The pair is struggling to gain traction amid mixed US economic data and a resilient Swiss economy.
USDCHF
Majors
Currencies
Silver Price Forecast: XAG/USD rebounds as buyers defend key support levels
Silver Price Forecast: XAG/USD rebounds as buyers defend key support levels
Silver prices are recovering from earlier lows, supported by renewed demand at technical support levels. 
Silver
XAGUSD
Technical Analysis
Commodities
Levels
EUR/USD price analysis: Euro steadies near 1.1200 amid mixed technical signals
EUR/USD price analysis: Euro steadies near 1.1200 amid mixed technical signals
The EUR/USD pair maintained a steady tone near the 1.1200 zone on Thursday, reflecting a cautiously bullish stance after the European session. Price action remains within the middle of its recent range, indicating balanced sentiment despite mixed short-term signals.
EURUSD
Majors
Technical Analysis
Currencies
Freddie Mac 30 year mortgage rate 6.81% up from 6.76% last week
Freddie Mac 30 year mortgage rate 6.81% up from 6.76% last week
Freddie Mac mortgage rate data for the current week
EUR/JPY retreats for second day as Yen strengthens, Euro weighed by softer growth revision
EUR/JPY retreats for second day as Yen strengthens, Euro weighed by softer growth revision
EUR/JPY extended its pullback for a second consecutive session on Thursday, falling 0.5% to trade around 163.00, with the Japanese Yen (JPY) gaining traction on safe-haven flows.
EURJPY
Crosses
Japan
Eurozone
Technical Analysis
Major European indices close higher on the day
Major European indices close higher on the day
German DAX closes at a new record high
Stocks
EUR/CHF price analysis: Cross maintains bearish tone near daily lows on Thursday
EUR/CHF price analysis: Cross maintains bearish tone near daily lows on Thursday
The EUR/CHF cross is trading around the 0.9400 zone on Thursday, maintaining a bearish tone as it approaches the lower end of its daily range. The cross remains under pressure as traders assess a mix of technical signals, suggesting further downside risk despite some short-term bullish momentum.
Crosses
Currencies
Technical Analysis
EURJPY
Gold rallies as US stats and geopolitical shockwaves trigger haven demand
Gold rallies as US stats and geopolitical shockwaves trigger haven demand
Gold prices recovered some ground earlier on Thursday during the North American session after US economic data suggested that factory gate inflation continues decelerating. At the same time, consumer spending was debilitated due to US tariffs.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
Fed
NZD/USD drops on New Zealand fiscal plans, Powell comments, mixed US data
NZD/USD drops on New Zealand fiscal plans, Powell comments, mixed US data
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Thursday, pressured by a stronger Greenback and cautious investor reaction to recent macroeconomic developments.
NZDUSD
Fed
Fundamental Analysis
Macroeconomics
RBNZ
EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
EUR/GBP is trading slightly lower near 0.8420 at the time of writing on Thursday, retreating from the previous day’s highs as the pair tests the 200-day Exponential Moving Average (EMA).
EURGBP
Crosses
ECB
BOE
GDP
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
USDCAD
Fed
PPI
DollarIndex
BOC
US business inventories for March 0.1% vs 0.2% estimate
US business inventories for March 0.1% vs 0.2% estimate
The US business and retail inventories for March 2025
Gold consolidates despite ETF outflows – TDS
Gold consolidates despite ETF outflows – TDS
Chinese ETFs sold roughly -64koz last session, more than offsetting the +27koz inflows from global x-China ETFs.
Gold
Banks
XAUUSD
Metals
Commodities
Hard to find any sign of weakness in the US consumer
Hard to find any sign of weakness in the US consumer
Retail sales, Walmart and Comcast all upbeat
US April industrial production 0.0% vs +0.2% expected
US April industrial production 0.0% vs +0.2% expected
US industrial production data for April 2025
USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
The USD/CHF pair drifts lower, extending its consolidation within the current week’s range and trading near 0.8360 at the time of writing on Thursday.
USDCHF
SNB
GDP
Switzerland
UnitedStates
Powell speech: Revisions to Fed communications are being considered
Powell speech: Revisions to Fed communications are being considered
While delivering his prepared remarks on Framework Review at the Thomas Laubach Research Conference on Thursday, Federal Reserve (Fed) Chairman Jerome Powell said that officials agree that the strategic language around both shortfalls of employment and average inflation needs to be reconsidered.
Fed
CentralBanks
US Retail Sales rise by 0.1% in April vs. 0% expected
US Retail Sales rise by 0.1% in April vs. 0% expected
Retail Sales in the United States (US) rose by 0.1% in April to $724.1 billion, the US Census Bureau announced on Thursday. This reading followed the 1.5% increase (revised from 1.4%) recorded in March and came in slightly better than the market expectation for a no change.
UnitedStates
RetailSales
EconomicIndicator
Macroeconomics
US: Initial Jobless Claims matched consensus at 229K last week
US: Initial Jobless Claims matched consensus at 229K last week
US citizens filing new applications for unemployment insurance held steady at 229K for the week ending May 10, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and the previous week's revised tally of 229K (revised from 228K).
Employment
UnitedStates
DollarIndex
EconomicIndicator
US annual PPI inflation softens to 2.4% in April vs. 2.5% expected
US annual PPI inflation softens to 2.4% in April vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 2.4% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.7% increase recorded in March and came in below the market expectation of 2.5%.
UnitedStates
PPI
EconomicIndicator
Macroeconomics
Manufacturing
Empire manufacturing index for May -9.2 vs -10.0 estimate
Empire manufacturing index for May -9.2 vs -10.0 estimate
And five had manufacturing index for May 2025
US initial jobless claims 229K versus 229K estimate
US initial jobless claims 229K versus 229K estimate
US initial and continuing jobless claims
Mexican Peso slips as Banxico cut looms and US Dollar rebounds
Mexican Peso slips as Banxico cut looms and US Dollar rebounds
Mexican Peso (MXN) is weakening against the US Dollar (USD) during the US session on Thursday, as traders recalibrate expectations around monetary policy in both countries ahead of a key rate decision from the Bank of Mexico (Banxico).
USDMXN
Fed
Banxico
Mexico
SEO
EUR quietly trading around 1.12 – Scotiabank
EUR quietly trading around 1.12 – Scotiabank
Euro (EUR) is entering Thursday’s NA session with a modest 0.2% gain vs. the USD, showing losses vs. the havens while strengthening vs. the likes of AUD and NOK in a market that is trading on the disinflationary impact of a US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD vulnerable to double blow of wider spreads and lower oil prices – Scotiabank
CAD vulnerable to double blow of wider spreads and lower oil prices – Scotiabank
The CAD is entering Thursday’s NA session flat vs. the USD but trading somewhat defensively, reflecting the burden of lower oil prices amid the prospect of a possible US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
Technical Analysis
Canada
BOC
G10 FX trades risk off on prospect of US/Iran deal & lower Oil prices – Scotiabank
G10 FX trades risk off on prospect of US/Iran deal & lower Oil prices – Scotiabank
Risk aversion is dominating as we head into Thursday’s NA session with a distribution of relative currency performance that is seeing notable strength from the havens Swiss Franc (CHF) and Japanese Yen (JPY) and weakness from the growth-sensitive commodity currencies NOK, NZD, and AUD.
Banks
Technical Analysis
Fundamental Analysis
USDCAD
DollarIndex
US Dollar steady while peace talks in Turkey are breaking down
US Dollar steady while peace talks in Turkey are breaking down
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is catching its breath and trades slightly lower just below the 101.00 level at the time of writing on Thursday, ahead of a chunky United States (US) economic calendar.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar