Forex
EUR/USD trades around 1.1690 on Thursday at the time of writing, up 0.11% on the day, after hitting a three-week low at 1.1655 earlier in the day.
Commodities
Oil markets are reacting to the UAE’s exit from OPEC+ and ongoing geopolitical disruptions. While short term supply remains constrained, rising spare capacity and weakening cartel discipline point to higher volatility ahead, with current price declines likely driven by profit taking rather than a trend reversal.
Forex
EUR/JPY declines and trades around 186.60 at the time of writing, after hitting two-week highs above 187.50, amid mixed pressures from European monetary policy and rising intervention risks in Japan.
Forex
The Euro (EUR) shows marginal losses against the British Pound (GBP) on Thursday but remains trading within the last few days’ range around 0.8660, lacking any clear bias.
Forex
USD/CAD trades around 1.3655 on Thursday, down 0.21% on the day, after stabilizing in the previous day. The pair faces short-term pressure due to a modest pullback in the US Dollar, although downside momentum may remain limited in an uncertain macro environment.
Crypto
Bitcoin (BTC/USD) is facing a high-stakes consolidation between $78,197 resistance and $75,000 support. Technical hurdles and an H1 Moving Average 'squeeze' suggest an imminent volatile breakout. The trend hinges on a break of these key levels.
USD/JPY reversed sharply after hitting 160.73 as Japan’s “final warning” on FX intervention spooked markets, triggering a 0.9% pullback and boosting the yen. The pair now tests key support levels at 159.05 and 158.60, with downside risks rising if pressure persists. Traders are closely watching upcoming ECB and BoE policy signals, where any hawkish guidance could accelerate USD/JPY’s corrective decline.
Forex
The Euro (EUR) has pulled back form two week highs above 187.50 against the Japanese Yen (JPY) on Thursday, retreating to 186.20 at the time of writing, as Japanese Finance Minister Satsuki Katayama launched a clear intervention warning.
Forex
Francesco Pesole at ING argues that Bank of England (BoE) tightening expectations, now close to European Central Bank (ECB) pricing, look excessive given the higher starting rate and less hawkish BoE stance.
Forex
Here is what you need to know on Thursday, April 30:
