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GBP/JPY flat lines near 201.00 ahead of BoE; holds above one-month low set on Wednesday
The GBP/JPY cross struggles to capitalize on the previous day's solid recovery from the 199.00 neighborhood, or an over one-month low, and oscillates in a narrow band during the Asian session on Thursday.

EUR/JPY Price Forecast: Constructive outlook remains in play above 177.00
The EUR/JPY cross trades with mild gains near 177.15 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid improved risk sentiment.

USD/INR opens cautiously on hopes of RBI intervention to support Indian Rupee
The Indian Rupee (INR) opens on a slightly positive note against the US Dollar (USD) on Thursday after Indian markets remained closed on Wednesday on the occasion of Prakash Gurpurb Sri Guru Nanak Dev.

Gold edges higher on softer USD; reduced December Fed rate cut bets limit gains
Gold (XAU/USD) is trading with a positive bias for the second straight day on Thursday, though it lacks bullish conviction and remains below the $4,000 psychological mark through the Asian session.

GBP/USD holds gains above 1.3050 ahead of BoE policy decision
GBP/USD extends its gains for the second successive session, trading around 1.3060 during the Asian hours on Thursday. The pair holds gains as the Pound Sterling (GBP) receives support ahead of the Bank of England's (BoE) interest rate decision due later in the day.

EUR/USD strengthens above 1.1500 ahead of German Industrial Production, Eurozone Retail Sales data
The EUR/USD pair gains traction to around 1.1505 during the Asian trading hours on Thursday. Improved risk sentiment provides some support to the riskier assets such as the Euro (EUR). Traders brace for German Industrial Production and Eurozone Retail Sales later on Thursday.

WTI holds near $59.50, further downside appears due to oversupply concerns
West Texas Intermediate (WTI) Oil price inches higher after three days of losses, trading around $59.60 per barrel during the Asian hours on Thursday. However, Oil prices may depreciate further as a significant inventory build heightens oversupply concerns.

Silver Price Forecast: XAG/USD seems vulnerable below $49.35-$49.40 pivotal resistance
Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $48.55-$48.60 region and erodes a part of the previous day's gains. The white metal currently trades around the $47.75 region, down 0.70% for the day.

Japanese Yen strengthens amid reviving BoJ rate hike bets; lacks bullish conviction
The Japanese Yen (JPY) attracts some buying during the Asian session on Thursday and, for now, seems to have stalled its sharp retracement slide from the weekly low touched against a bullish US Dollar (USD) the previous day.

USD/CAD falls to near 1.4100 after pulling back from seven-month highs
USD/CAD takes a breather after reaching a seven-month high of 1.4140 in the previous session, trading around 1.4100 during the Asian hours on Thursday. The pair holds slight losses as the US Dollar (USD) declines despite a stronger-than-expected US economic data release on Wednesday.

US Dollar Index holds losses near 100.00 as US government shutdown becomes longest on record
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note around 100.05 during the Asian trading hours on Thursday.

Australian Dollar remains steady following Trade Balance data
Australian Dollar (AUD) moves little against the US Dollar (USD) on Thursday, after registering more than 0.25% gains in the previous session. The AUD/USD pair remains steady following the release of Australia's Trade Balance data.

Gold Price Forecast: XAU/USD edges lower below $4,000 as private payrolls rebound in October
Gold price (XAU/USD) declines to near $3,970 during the Asian trading hours on Thursday. The precious metal edges lower as traders weigh the outlook for the US Federal Reserve (Fed) path after the upbeat US economic data.

PBOC sets USD/CNY reference rate at 7.0865 vs. 7.0901 previous
On Thursday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0865 compared to the previous day's fix of 7.0901 and 7.1222 Reuters estimate.

NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
The NZD/USD pair recovers some lost ground to near 0.5665, snapping the five-day losing streak during the early Asian session on Thursday. Nonetheless, the potential upside for the New Zealand Dollar (NZD) might be limited after the country's Unemployment Rate rose to the highest level since 2016.

GBP/USD finds a weak floor ahead of BoE rate call
GBP/USD grappled with a near-term technical floor on Wednesday, finding some breathing room just north of 1.3000. A thin, dead-cat-style bounce has greeted Cable traders following several weeks of one-sided declines.

RBNZ's Hawkesby: Labour market woes within expectations
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby said that the deterioration in the country's labour market was within the bank's expectations, Reuters reported on Thursday.

USD/JPY gathers strength above 154.00 as US private payrolls rebound in October
The USD/JPY pair attracts some buyers to around 154.05 during the early Asian session on Thursday.

GBP/JPY Price Forecast: Rebounds above 201.00 but upside limited
The GBP/JPY shows signs of recovery on Wednesday, trades above the 50-day Simple Moving Average (SMA) of 200.97, after hitting a daily low of 199.61 earlier in the session. At the time of writing, the pair trades at 201.10, up 0.53%.

When is the Australian Trade Data and how could it affect AUD/USD?
The Australian Bureau of Statistics will publish its data for August on Thursday at 00.30 GMT. Trade surplus is expected to widen to 3,850M MoM in September, compared to 1,825M in the previous reading.
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