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AUD/USD Price Forecast: Bears await 0.6850 confluence break as focus remains on NFP
The AUD/USD pair seesaws between tepid gains/minor losses through the Asian session on Thursday as traders opt to wait on the sidelines ahead of the crucial US Nonfarm Payrolls (NFP) report.
Thu, Jul 2
Swiss Franc strengthens to near 0.8100 as traders await Swiss CPI, US NFP releases
The USD/CHF pair declines to around 0.8085 during the early European trading hours on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) on the weaker-than-expected ADP June employment report.
Thu, Jul 2
Nonfarm Payrolls set to grow by over 100K in June, reinforcing bets of upcoming Fed rate hikes
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for June on Thursday at 12:30 GMT.
Thu, Jul 2
Japan shifts to ambush intervention tactics against Japanese Yen short sellers — Reuters
Japanese officials are moving away from telegraphing intervention risk and signaling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered Japanese Yen (JPY), Reuters reported on Thursday.
Thu, Jul 2
Indonesian Rupiah pares losses as soft US data, Fed tone weigh on US Dollar
USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory for the fourth consecutive day, trading around 18,030 during the Asian hours on Thursday.
Thu, Jul 2
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Thu, Jul 2
EUR/USD Price Forecast: Approaches 1.1400 as bearish flag remains in play
The EUR/USD pair ticks higher during the Asian session on Thursday, though it lacks bullish conviction as traders keenly await the release of the crucial US Nonfarm Payrolls (NFP) report. Spot prices currently trade around the 1.1385 area and remain close to the weekly low, touched on Wednesday.
Thu, Jul 2
Ripple and Stellar outlook: XRP and XLM build on recovery as traders turn cautiously bullish
Ripple (XRP) and Stellar (XLM) extend recovery on Thursday as improving market sentiment supports a rebound. XRP trades above $1.05 while XLM climbs past $0.199.
Thu, Jul 2
EUR/JPY Price Forecast: Edges lower below 185.00, while near-term bullish bias holds
The EUR/JPY cross trades on a negative note around 184.95 during the early European session on Thursday. Eurozone inflation fell more than expected in June, easing pressure on the European Central Bank (ECB) to raise rates at its next meeting on July 23.
Thu, Jul 2
Gold trades with positive bias on softer USD; Fed hike bets cap gains ahead of US NFP
Gold (XAU/USD) attracts fresh buyers during the Asian session on Thursday, following the previous day's volatile price swings and a late pullback from an over one-week high.
Thu, Jul 2
Silver Price Forecast: XAG/USD rises above $60.00 amid less hawkish Fed tone
XAG/USD gains ground for the third consecutive day, trading around $60.20 per troy ounce during the Asian hours on Thursday. Silver prices find support following a less hawkish tone than expected from Federal Reserve (Fed) Chairman Kevin Warsh at Wednesday's ECB Forum on Central Banking.
Thu, Jul 2
Crypto Market Overview: Bitcoin recovers on Kevin Warsh optimism – Jupiter, Morpho lead rally
The broader cryptocurrency market is easing downside pressure, with US Federal Reserve Chairman Kevin Warsh's optimism about US growth driving Bitcoin (BTC) above $60,000.
Thu, Jul 2
United States Dollar Index trades subduedly around 101.35 ahead of US NFP data
The US Dollar (USD) reflects a subdued performance in the countdown to the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
Thu, Jul 2
Bitcoin long-term holders resume accumulation as ETF outflows keep institutional sentiment subdued — Glassnode
Long-term Bitcoin (BTC) investors have begun absorbing supply despite persistent negative flows from US spot BTC exchange-traded funds (ETFs), according to a report by Glassnode on Wednesday.
Thu, Jul 2
Australian dollar holds ground vs Japanese Yen amid May Trade Deficit
AUD/JPY remains flat after recovering daily losses, trading around 112.10 during the Asian hours on Thursday. The currency cross held its ground as the Australian Dollar (AUD) showed resilience, even after domestic trade data significantly missed market expectations.
Thu, Jul 2
British Pound gathers strength to near 1.3300 on Burnham’s commitment to fiscal rules, NFP data loom
The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound (GBP) strengthens against the US Dollar (USD) as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline.
Thu, Jul 2
New Zealand Dollar remains close to one-week top vs USD; looks to US NFP for fresh impetus
The NZD/USD pair edges higher following the previous day's two-way price moves and trades around the 0.5685 region during the Asian session on Friday.
Thu, Jul 2
Australian Dollar steadies following Trade Balance data
AUD/USD inches higher after registering modest losses in the previous day, trading around 0.6900 during the Asian hours on Thursday. The pair holds ground as the Australian Dollar (AUD) remains stronger following the release of domestic Trade Balance data.
Thu, Jul 2
Australia’s Trade Balance turns negative in May: What 3,018M deficit means for AUD/USD
Australia's Trade Balance shifted to deficit of A$3,018M MoM in May, followed a surplus of A$1,791M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for a surplus of A$2,200M.
Thu, Jul 2
Australia Trade Balance (MoM) came in at -3018M below forecasts (2200M) in May
Australia Trade Balance (MoM) came in at -3018M below forecasts (2200M) in May
Thu, Jul 2
