Daily market news

The Greenback could not sustain the initial optimism and succumbed to further selling pressure amidst renewed strength in the Japanese yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday.

The AUD/USD pair holds gains above the psychological support of 0.6500 in Thursday’s early New York session.

EUR/USD is stuck in a tight range above the round-level support of 1.0700 in Thursday’s European session.

Silver price (XAG/USD) falls back sharply to $26.20 while attempting to recapture the crucial resistance of $27.00 during the European session on Thursday.

EUR/JPY edges higher on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro.

USD/CAD extends its losses for the second successive day, hovering around 1.3710 during the European session on Thursday.

Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.20 on Thursday.

EUR/USD continues to gain ground on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro.

The USD/CAD pair extends its downside around 1.3730 during the early Asian trading hours.