Forex
The Pound Sterling (GBP) falls for the third straight day on Thursday against the US Dollar (USD), down some 0.10% as US jobs data showed the labor market is healthier than expected, weighing on expectations of Federal Reserve (Fed) rate cuts ahead in the year.
Forex
NZD/USD trades lower and holds around 0.5750 on Thursday at the time of writing, extending a negative trend seen over recent days. The pair reflects a weakening New Zealand Dollar (NZD), a risk-sensitive currency, as investors remain cautious.
Forex
The Euro (EUR) is entering Thursday’s NA session unchanged vs. the US Dollar (USD) as it consolidates its recent pullback within the flat range from June, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Forex
AUD/USD has led G10 currencies year-to-date, supported by speculation that the RBA could be the first to hike rates, though recent comments from Deputy Governor Hauser suggest a more cautious approach.
Commodities
The 43-day COT report delay led to a data vacuum, allowing "managed money" to build crowded, unseen positions. The eventual backfilled data caused a "positioning shock" in markets like soybeans, triggering sharp reversals. This event highlights the major risk of market opacity and the potential for a "volatility explosion" when speculative sentiment data is unavailable.
West Texas Intermediate (WTI) US Oil trades around $56.70 on Thursday at the time of writing, up 0.90% on the day. WTI prices rebound, supported by the release of inventory data showing a sharp decline in US Crude Oil stockpiles.
Forex
USD/CHF is holding near the middle of its 0.7900–0.8100 range as Swiss inflation prints came in line with expectations, BBH FX analysts report.
Forex
EUR/USD remains trading in a tight range below 1.1700, changing hands at 1.1680 at the time of writing. The unexpected decline in the Eurozone's unemployment and a string of somewhat brighter economic sentiment indicators have had a minor impact on the Euro.
Forex
The US Dollar maintains its upside trend against the Swiss Franc unchanged, despite the stronger-than-expected Swiss Consumer Prices Index (CPI) figures released on Thursday.
Commodities
Asian tech stocks fell on overvaluation concerns and Nikkei retreated. European stocks were cautious, with defense shares rallying on Venezuela tensions, while AB Foods plunged. The US dollar strengthened ahead of Friday's employment report. Oil stabilized, and gold slipped. Traders await US jobs data and tomorrow's Supreme Court ruling on tariffs.
