Forex
USD/JPY trades around 158.90 on Thursday at the time of writing, showing little change on the day.
The GBP/USD is stalled at a critical 1.3437 resistance level as the US Dollar gains strength from global conflict safe-haven flows and rising inflation fears. US rate cut expectations are falling sharply, supporting a continued bullish outlook for the USD and keeping the pressure on Cable
Forex
EUR/GBP rebounds on Thursday, with the Euro (EUR) gaining 0.08% against the Pound Sterling (GBP), hovering around 0.8632 at the time of writing.
Commodities
West Texas Intermediate crude oil remains highly volatile as the US–Iran war 2026 fuels fears of supply disruptions near the Strait of Hormuz. Prices rebounded despite a record 400-million-barrel emergency release by the International Energy Agency. Technically, WTI is holding above $88.36 support, keeping the short-term bullish trend intact with potential upside toward $102 and $116–$119.
Forex
ING analysts see markets as overly aggressive on Bank of England expectations, with easing priced out after the Iran conflict. They note EUR/GBP’s negative correlation with Oil and warn that no rate changes are now expected by year-end.
Forex
EUR/USD continues to lose ground for the third consecutive day, trading around 1.1550 during the European hours on Thursday. Daily chart technical analysis indicates a persistent bearish bias as the pair moves downwards within a descending channel pattern.
Forex
GBP/USD extends its losses for the third successive session, trading around 1.3380 during the early European hours on Thursday.
Forex
UOB strategists Quek Ser Leang and Peter Chia highlight a strong USD/JPY rally to just under 159.00, driven by higher US yields. Intraday, they see scope for a test of 159.45 while warning that deeply overbought conditions make further gains difficult.
West Texas Intermediate (WTI) Crude Oil prices trim a part of strong intraday gains to the $94.75-$94.80 region on Thursday, though the downside seems limited amid supply disruption fears.
Forex
The AUD/USD pair attracts some sellers during the Asian session on Thursday, and for now, seems to have snapped a four-day winning streak to its highest level since June 2022, around the 0.7185 region, touched the previous day.
