All articles from this author:

The US Dollar Index (DXY) is hovering near 98.90, still short of 100.00, but grinding higher on Thursday. Hawkish commentary from Federal Reserve Bank of St.

West Texas Intermediate (WTI) US Oil rises 1.89% on Thursday and trades around $85.85 at the time of writing, after reaching a fresh three-week high at $87.38 earlier in the day.

EUR/GBP trades near the 0.8560s zone, having drifted steadily lower from near the 0.8585 area after failing to hold its push higher. The cross is down 0.15% in Thursday's American session with traders squaring up ahead of a data-heavy Friday.

Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.

West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher at around $86.00 during the European trading session on Thursday, the highest level seen in over three weeks.

Here is what you need to know on Thursday, August 20:

The EUR/JPY cross gathers strength to around 185.20 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid disappointing Japanese Gross Domestic Product (GDP) data.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move for the third straight day and trades around the $84.30 area through the Asian session on Thursday.

Silver price (XAG/USD) posts a fresh two-month high at $67.33 in the Asian trading session on Thursday.

West Texas Intermediate (WTI) oil price appreciates after registering modest losses in the previous day, trading around $85.50 per barrel during the Asian hours on Thursday.