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US Dollar Index (DXY) remains depressed below 99.00 as recession fears return
US Dollar Index (DXY) remains depressed below 99.00 as recession fears return
The US Dollar Index (DXY) is trading practically flat on Thursday, consolidating losses after a bearish reversal on Wednesday, as downbeat Services and employment data, coupled with the ongoing tariffs uncertainty, revived fears of an upcoming recession.The US Institute of Supply Management’s Servic
DollarIndex
Currencies
NZD/USD appreciates to near 0.6050 despite a stable US Dollar, Initial Jobless Claims eyed
NZD/USD appreciates to near 0.6050 despite a stable US Dollar, Initial Jobless Claims eyed
NZD/USD extends its gains for the second successive day, trading around 0.6030 during the European hours on Thursday. The pair maintains its position near an eight-month high at 0.6055, recorded on June 3.
NZDUSD
Majors
Macroeconomics
NewZealand
UK May construction PMI 47.9 vs 47.2 expected
UK May construction PMI 47.9 vs 47.2 expected
Latest data released by S&P Global - 5 June 2025
Crude oil unbothered by the Saudi Arabia push for faster production increases
Crude oil unbothered by the Saudi Arabia push for faster production increases
The negative supply side news continue to have less and less of an impact on prices
Silver Price Forecast: XAG/USD remains positive, supported above $34.00
Silver Price Forecast: XAG/USD remains positive, supported above $34.00
Silver prices (XAG/USD) maintain their bullish structure intact, with bulls aiming for the $34.60-$34.80 resistance area, with downside attempts contained above the $34.00 support level.A US Dollar on its back foot is contributing to keeping the precious metal buoyed.
XAGUSD
Silver
Commodities
Metals
Italy April retail sales +0.7% vs +0.2% expected
Italy April retail sales +0.7% vs +0.2% expected
The latest data from ISTAT - 5 June 2025
Pound Sterling outperforms US Dollar as Trump tariffs strike US economic activity
Pound Sterling outperforms US Dollar as Trump tariffs strike US economic activity
The Pound Sterling (GBP) rises to near 1.3580 against the US Dollar (USD) during European trading hours on Thursday. The GBP/USD pair gains as the US Dollar struggles to gain ground after a sharp sell-off on Wednesday.
GBPUSD
BOE
Fed
Employment
SEO
GBP/JPY rises above 194.00 as Japan’s real wages falls in April
GBP/JPY rises above 194.00 as Japan’s real wages falls in April
GBP/JPY recovers its recent losses registered in the previous session, trading around 194.30 during the European hours on Thursday. The currency cross appreciates as the Japanese Yen (JPY) continues to struggle following the labor market data.
GBPJPY
Crosses
Macroeconomics
Japan
UnitedKingdom
EUR/GBP ticks down to near 0.8400 ahead of ECB’s monetary policy decision
EUR/GBP ticks down to near 0.8400 ahead of ECB’s monetary policy decision
The EUR/GBP pair trades slightly lower around 0.8410 during European trading hours on Thursday. The pair faces moderate selling pressure ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 12:15 GMT.
EURGBP
ECB
BOE
Eurozone
Inflation
EUR/USD tests daily highs above 1.1430 ahead of the ECB
EUR/USD tests daily highs above 1.1430 ahead of the ECB
EUR/USD retraced lost ground on Thursday´s European session, reaching intra-day highs right above 1.1430 as investors await the outcome of the European Central Bank’s (ECB) monetary policy meeting, due in a few hours.The ECB is widely expected to cut interest rates for the eighth consecutive time, a
EURUSD
ECB
Currencies
SEO
Germany May construction PMI 44.4 vs 45.1 prior
Germany May construction PMI 44.4 vs 45.1 prior
Latest data released by HCOB - 5 June 2025
WTI Price Forecast: Recovery halts at $63.00 amid fears of an Oil glut
WTI Price Forecast: Recovery halts at $63.00 amid fears of an Oil glut
Crude prices have been capped again at the $63.00 area, before dropping to levels right above $62.00 at the time of writing.
Oil
WTI
Energy
USD/CAD languishes near YTD low, seems vulnerable around 1.3670-1.3665 region
USD/CAD languishes near YTD low, seems vulnerable around 1.3670-1.3665 region
The USD/CAD pair extends its bearish consolidative price action heading into the European session on Thursday and currently trades around the 1.3670-1.3665 area, just above the lowest level since October 2024 touched the previous day.
USDCAD
TradeWar
BOC
Fed
Currencies
European indices little changed to kick start the new day
European indices little changed to kick start the new day
A more muted tone as we await the ECB policy decision later
Stocks
Forex Today: ECB rate decision and US data to ramp up volatility
Forex Today: ECB rate decision and US data to ramp up volatility
Here is what you need to know on Thursday, June 5:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
ECB Press Conference: Lagarde speaks on policy outlook after lowering key rates by 25 bps
ECB Press Conference: Lagarde speaks on policy outlook after lowering key rates by 25 bps
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
ECB
EURUSD
SEO
CentralBanks
EUR/GBP holds steady below 0.8450 ahead of ECB rate decision
EUR/GBP holds steady below 0.8450 ahead of ECB rate decision
The EUR/GBP cross trades on a flat note near 0.8420 during the early European session on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) interest rate decision later on Thursday. 
EURGBP
Crosses
Macroeconomics
ECB
InterestRate
What are the main events for today?
What are the main events for today?
The highlights include the ECB Policy Announcement and the US Jobless Claims data
market overview
Eurostoxx futures -0.1% in early European trading
Eurostoxx futures -0.1% in early European trading
A more tentative mood after the gains yesterday
Stocks
Crude Oil price today: WTI price bearish at European opening
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 $62.07 per barrel, down from Wednesday’s close at $62.16.
Oil
WTI
Commodities
German Factory Orders rise 0.6% MoM in April vs. -1% expected
German Factory Orders rise 0.6% MoM in April vs. -1% expected
Germany's Factory Orders unexpectedly rose in April, suggesting that the country’s manufacturing sector sustained its recovery, according to the official data published by the Federal Statistics Office on Thursday.
Germany
IndustrialProduction
EconomicIndicator
EURUSD
Manufacturing
Germany April industrial orders +0.6% vs -1.0% m/m expected
Germany April industrial orders +0.6% vs -1.0% m/m expected
Latest data released by Destatis - 5 June 2025
GBP/USD remains below 1.3550 as US Dollar recovers ground, signals a technical correction
GBP/USD remains below 1.3550 as US Dollar recovers ground, signals a technical correction
GBP/USD retraces its recent gains from the previous session, trading around 1.3550 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) gains ground amid a technical correction.
GBPUSD
Majors
Macroeconomics
UnitedKingdom
AUD/JPY steadily climbs back closer to 93.00 mark amid a broadly weaker JPY
AUD/JPY steadily climbs back closer to 93.00 mark amid a broadly weaker JPY
The AUD/JPY cross attracts fresh buyers during the Asian session on Thursday and for now, seems to have stalled the previous day's retracement slide from the 93.60 area, or the weekly high.
AUDJPY
China
BOJ
RBA
Currencies
USD/CHF wobbles near six-week low around 0.8200, US NFP in focus
USD/CHF wobbles near six-week low around 0.8200, US NFP in focus
The USD/CHF pair trades with caution near the six-week low around 0.8200 during late Asian trading hours on Thursday.
USDCHF
SNB
Employment
Inflation
PMI
EUR/JPY Price Forecast: Retains bullish bias above 163.00
EUR/JPY Price Forecast: Retains bullish bias above 163.00
The EUR/JPY cross edges higher to around 163.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the expectation that the next interest rate hike by the Bank of Japan (BoJ) will not come soon.
EURJPY
Crosses
Technical Analysis
Bullish
Dollar little changed ahead of European trading
Dollar little changed ahead of European trading
It has been a back and forth week for the dollar so far
NZD/USD Price Forecast: Holds steady near 0.6030; moves little after Chinese PMI
NZD/USD Price Forecast: Holds steady near 0.6030; moves little after Chinese PMI
The NZD/USD pair trades with a positive bias for the second straight day, though it remains below the 0.6050 level through the Asian session on Thursday amid a modest US Dollar (USD) uptick.
NZDUSD
China
PMI
Technical Analysis
Currencies
USD/MXN Price Forecast: Finds resistance around 19.20 ahead of nine-day EMA
USD/MXN Price Forecast: Finds resistance around 19.20 ahead of nine-day EMA
USD/MXN inches higher after registering losses in the previous session, trading around 19.20 during the Asian hours on Thursday. A bearish bias is prevailing as the daily chart’s technical analysis indicates the pair consolidating within a descending channel pattern.
USDMXN
Technical Analysis
Mexico
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
FX option expiries for Jun 5 NY cut
FX option expiries for Jun 5 NY cut
FX option expiries for Jun 5 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Currencies
Options
Gold price remains confined in a range just below three-week top; bulls not ready to give up yet
Gold price remains confined in a range just below three-week top; bulls not ready to give up yet
Gold price (XAU/USD) lacks any firm intraday directional bias on Thursday and oscillates in a narrow trading band through the first half of the European session.
Gold
Commodities
Fed
TradeWar
SEO
USD/CAD Price Forecast: More downside towards 1.3600 looks likely
USD/CAD Price Forecast: More downside towards 1.3600 looks likely
The USD/CAD pair appears vulnerable near an over eight-month low, slightly above 1.3650 during Asian trading hours on Thursday. The Loonie pair stays under pressure as the US Dollar (USD) remains on backfoot amid renewed United States (US) stagflation risks and trade uncertainty.
USDCAD
BOC
Employment
InterestRate
SupportResistance
Japan 30-year bond auction bid-to-cover ratio 2.92 vs prior sale 3.07  & 12-month Avg 3.39
Japan 30-year bond auction bid-to-cover ratio 2.92 vs prior sale 3.07 & 12-month Avg 3.39
Japan 30-year bond sale draws its weakest demand ratio since 2023
Bonds
ForexLive Asia-Pacific FX news wrap: Asia quiet ahead of ECB - China Services PMI expands
ForexLive Asia-Pacific FX news wrap: Asia quiet ahead of ECB - China Services PMI expands
Forex news for Asian trading on Thursday, June 5, 2025
Session wrap
Wrap Asia
EUR/USD trades cautiously around 1.1400 ahead of ECB’s interest rate policy
EUR/USD trades cautiously around 1.1400 ahead of ECB’s interest rate policy
The EUR/USD pair trades with caution, slightly above the key level of 1.1400 during Asian trading hours on Thursday. The major currency pair is expected to remain sideways, with investors awaiting the European Central Bank's (ECB) interest rate decision announcement at 12:15 GMT.
EURUSD
ECB
Fed
Employment
Inflation