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Gold Price Forecast: XAU/USD finds cushion below $3,300 while 50-day EMA acts as key barrier

Gold price (XAU/USD) trades almost 1% higher around $3,315 during the European trading session on Thursday.

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EUR outperforming with modest gain as spreads remain supportive - Scotiabank

The Euro (EUR) is up a modest 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CNH: Likely to consolidate between 7.1920 and 7.2150 - UOB Group

Instead of continuing to rally, US Dollar (USD) is more likely to consolidate between 7.1920 and 7.2150 against Chinese Yuan (CNH). In the longer run, sharp rally appears excessive, but there is a chance for USD to rise further to 7.2250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD/CHF approaches four-week highs at 0.8150 ahead of the US PCE Inflation report

The US Dollar maintains its bid tone intact against the Swiss Franc, holding gains after a nearly 3% rally over the last few days.

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USD/JPY: The focus now is at 150.00 - UOB Group

US Dollar (USD) view remains positive; the focus now is at 150.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD strives to hold 0.6430, investors shift focus to US NFP

The AUD/USD pair attempts to hold the immediate support level of 0.6430 during the European trading session on Thursday. The Aussie pair attracts slight bids on upbeat Australian Retail Sales data for June, released earlier in the day.

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NZD/USD: Chance for NZD to test 0.5885 before stabilization - UOB Group

There is a chance for NZD to test 0.5885 before stabilization can be expected; the next major support at 0.5845 is unlikely to come into view. In the longer run, NZD is expected to decline further to 0.5885, potentially reaching 0.5845, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD/JPY rallies further, nears 150.00 on the aftermath of BoJ's decision

The US Dollar keeps marching higher against a vulnerable Japanese Yen on Thursday as the Bank of Japan's Governour, Kazuo Ueda, cooled hopes of immediate rate hikes, following the bank's monetary policy decision.The BoJ maintained its key interest rate at 0.5%, as widely expected, and Ueda reiterate

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AUD/USD can potentially break below 0.6405 - UOB Group

Strong momentum is likely to lead to further weakness; oversold conditions suggest Australian Dollar (AUD) may not reach 0.6405.

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Japanese Yen weakens as BoJ's Ueda signals patience in policy normalization - TDS

The Japanese Yen (JPY) weakened after BoJ Governor Ueda struck a dovish tone, signaling patience in policy normalization and suggesting officials are comfortable with the currency's current softness, even as global markets brace for a potential USD/JPY retest of March highs, TDS' Macro Strategist Al

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GBP/USD: Any decline is likely part of a lower range of 1.3210/1.3310 - UOB Group

There is room for Pound Sterling (GBP) to weaken further; any decline is likely part of a lower range of 1.3210/1.3310.

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BoJ: JPY reacts positively to the interest rate decision - Commerzbank

The Bank of Japan also left interest rates unchanged at its monetary policy meeting, which ended early this morning, Commerzbank's FX analyst Volkmar Baur notes.

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EUR/USD can test the 1.1380 level - UOB Group

Euro (EUR) could test the 1.1380 level; a sustained drop below this level seems unlikely. In the longer run, EUR view remains negative; the next level to watch is 1.1350, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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BOJ holds rates, lifts FY2025 inflation forecast to 2.7% - ING

The Bank of Japan kept its policy rate unchanged at 0.5% but delivered a hawkish surprise by sharply upgrading its FY2025 inflation forecast to 2.7%.

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Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

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USD: Dollar rally can go a bit further - ING

The dollar continued to appreciate in line with our call, as GDP data came in stronger than expected and the Fed gave no hints of bending to Trump's pressure, ING's FX analyst Francesco Pesole notes.

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Funds slash TTF net longs by 32.8TWh in latest week - ING

Investment funds reduced their net long exposure in TTF natural gas by 32.8TWh to 127.5TWh last week. Still, the recent rally in European gas prices suggests fund positioning may have rebounded since the reporting cut-off, ING's commodity experts Ewa Manthey and Warren Patterson note.

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AUD/JPY remains stronger near 96.50 after Australia's economic data, BoJ policy decision

AUD/JPY rises around 0.50% after registering losses in the previous session, trading around 96.60 during the European hours on Thursday. The currency cross appreciated as the Australian Dollar (AUD) received support after the release of key economic data from Australia and China.

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US Dollar Index (DXY) holds gains near the 100.00 level with PCE Inflation eyed 

The US Dollar has nudged lower on Thursday, following a five-day rally, but remains right below two-month highs, with the psychological 100.00 on sight supported by solid US data and a hawkish message from Fed Chairman Powell, ahead of the release of the US PCE Prices Index report.The USD Index, whi

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EUR/USD breaks key support, downtrend accelerates - Société Générale

EUR/USD has shifted into a clear downtrend after failing to hold above 1.1830 and breaking below its multi-month trend line.

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