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Australian Dollar eases from highs as the impact from Trade Balance figures fade
The Australian Dollar (AUD) posts moderate losses against the US Dollar (USD) on Thursday, retreating to the 0.7040 area from three-week highs at 0.7064 on Wednesday.
Thu, Aug 6
Euro: Oil-price sensitivity and war-end effects – Commerzbank
Commerzbank’s Michael Pfister argues that lower Oil prices can initially restrain the Euro (EUR) by reducing European Central Bank (ECB) rate expectations.
Thu, Aug 6
New Zealand Dollar slips under safe-haven US Dollar surge
NZD/USD extends its losses for the second successive day, trading around 0.5870 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) gains support from renewed safe-haven demand following an Israeli airstrike in southern Lebanon.
Thu, Aug 6
Aptos Price Forecast: APT extends rebound from record low
Aptos (APT) is trading in the green on Thursday, extending its fifth consecutive day of recovery after hitting a record low of $0.5450 on Saturday. Retail demand is rising, as evidenced by increasing Open Interest and funding rates, aligning with the recent rebound.
Thu, Aug 6
GBP/USD Price Forecast: Gathers strength for VCP breakout
The British Pound (GBP) trades marginally lower at around 1.3460 against the US Dollar (USD) during the European trading session on Thursday.
Thu, Aug 6
Indian Rupee: Gradual strengthening path outlined – MUFG
MUFG’s Michael Wan expects USD/INR to grind lower over the next 3–6 months towards 94.00, before rebounding to 96.00 in the next calendar year.
Thu, Aug 6
Silver Price Forecasts: XAG/USD hesitates at $62.00 after a two-day rally
Silver (XAG/USD) consolidates gains in the $61.70 area after being rejected ahead of $63.00. The pair is trimming gains on Thursday, after following a nearly 7% rally over the last two days, but downside attempts remain limited so far, as lower Oil prices and a weak US Dollar keep providing support.
Thu, Aug 6
Equities: Tech-led rally faces growing caution – Danske Bank
Danske Research Team highlights that global equities have gained about 5% over five sessions, with cyclicals and growth outperforming defensives and value, pointing to a tech-driven move.
Thu, Aug 6
US Dollar Index Price Forecast: Holds gains above 99.50, while bearish bias persists
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.75 in the early European trading hours on Thursday.
Thu, Aug 6
Oil: Distillate exports tighten market – ING
ING strategists Warren Patterson and Ewa Manthey note Oil prices remain under pressure, with ICE Brent trading below $80/bbl as markets focus on a potential US-Iran deal to reopen flows through the Strait of Hormuz.
Thu, Aug 6
USD/JPY Price Forecast: Likely return to two-month low near 155.00
The USD/JPY pair holds onto a three-day recovery move near 157.80 during the European trading session on Thursday.
Thu, Aug 6
Euro: Upside bias needs close above resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended modest gains to close at 1.1551, with mild upward momentum still intact. Intraday, the pair may test 1.1565, though a move to 1.1600 is seen as unlikely without stronger momentum.
Thu, Aug 6
Canadian Dollar flatlines as traders watch possible US-Iran deal
The USD/CAD pair USD/CAD holds steady around 1.4015 during the early European trading hours on Thursday. Traders await a possible US-Iran deal, which could give direction to the pair. The US Initial Jobless Claims report is due later on Thursday.
Thu, Aug 6
Euro steadies at three-week highs amid positive data and lower Oil prices
The Euro (EUR) remains practically flat against the US Dollar (USD) at the European session opening times on Thursday, with the EUR/USD pair holding gains at the 1.1550 area after rallying about 1.6% from last week's lows.
Thu, Aug 6
Top Altcoins Price Forecast: Ripple, Cardano, and Solana vulnerable to deeper losses
Ripple (XRP), Cardano (ADA), and Solana (SOL) are trading in the red on Thursday, facing downside pressure.
Thu, Aug 6
3.1%: Germany Factory Orders climb in June, beating estimates
Germany's Factory Orders rose in June, suggesting that the country’s manufacturing sector activity gained momentum, according to the official data published by the Federal Statistics Office on Thursday.
Thu, Aug 6
WTI Price Forecast: Downside likely towards $67 on Hormuz reopening hopes
West Texas Intermediate (WTI), futures on NYMEX, trades 0.45% lower to near $74 during the early European trading session on Thursday, closer to its three-week low of $73.51 posted the previous day.
Thu, Aug 6
AUD/USD Price Forecast: Eyes upside despite pullback from June high, around 0.7065
The AUD/USD pair edges lower during the Asian session on Thursday and moves away from the highest level since June 17, touched the previous day. Spot prices currently trade just below 0.7050, though the downside potential seems limited.
Thu, Aug 6
British Pound loses ground to near 1.3450 as traders await possible US-Iran deal
The GBP/USD pair drifts lower to near 1.3460 during the early European trading hours on Thursday. Conflicting rhetoric from the US and Iranian officials about a potential deal fuels market concerns, dragging the British Pound (GBP) lower against the US Dollar (USD).
Thu, Aug 6
Indian Rupee trades flat, lower oil prices back upside
The Indian Rupee (INR) opens almost flat against the US Dollar (USD) on Thursday. The USD/INR pair trades around 95.12 after rebounding from the fresh monthly low of 94.83 posted the previous day.
Thu, Aug 6
