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Pound Sterling finds cushion as US Dollar takes a breather from recent rally

The Pound Sterling (GBP) rebounds slightly to near 1.3270 against the US Dollar (USD) during the European trading session on Thursday, bouncing from an over two-month low of 1.3228 posted the previous day.

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EUR/JPY Price Forecast: Recovers strongly from 169.70 as BoJ holds interest rates steady

The EUR/JPY pair attracts significant bids around 169.70 and recovers to near 170.80 on Thursday. The cross snaps three-day losing streak as the Japanese Yen (JPY) weakens after the Bank of Japan (BoJ) left interest rates steady at 0.5%, as expected.

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USD/CAD holds gains above 1.3815 with US PCE Inflation on tap

The US Dollar stands tall, favoured by solid US data and a hawkish Fed.

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EUR/GBP holds positive ground above 0.8600 as traders await Eurozone HICP release

The EUR/GBP cross trades on a stronger note around 0.8620 during the early European session on Thursday. The Pound Sterling (GBP) edges lower against the Euro (EUR) as traders remain confident that the Bank of England (BoE) will cut interest rates next month after a slew of weaker UK economic data. 

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BoJ's Ueda: Japan's economy recovering moderately albeit with some weakness

Bank of Japan (BoJ) Governor Kazuo is addressing a press conference on Thursday, explaining the central bank's decision to maintain the interest rate at 0.5% for the fourth consecutive meeting.

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Forex Today: US Dollar consolidates Fed-inspired gains, key data incoming

Here is what you need to know on Thursday, July 31:

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Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $69.45 per barrel, down from Wednesday's close at $69.83.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.24 after its previous daily close at $72.61.

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FX option expiries for Jul 31 NY cut

FX option expiries for Jul 31 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/CHF tumbles to below 0.8150 ahead of Trump's tariff deadline

The USD/CHF pair drifts lower to around 0.8125 during the early European trading hours. The Greenback weakens against the Swiss Franc (CHF) despite the hawkish stance from the US Federal Reserve officials.

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NZD/USD moves away from over one-month low, climbs to 0.5925-0.5930 on softer USD

The NZD/USD pair gains strong positive traction during the Asian session on Thursday and for now, seems to have snapped a five-day losing streak to sub-0.5900 levels, or over a one-month low touched the previous day.

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USD/INR trades firmly as Trump threatens 25% tariffs on India

The Indian Rupee (INR) holds onto losses against the US Dollar (USD) at open on Thursday.

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EUR/USD finds temporary support near 1.1400 ahead of Eurozone HICP, US NFP data

The EUR/USD pair attracts some bids near the round level of 1.1400 during the Asian trading session on Thursday. The major currency pair finds cushion as the US Dollar (USD) takes a breather after a five-day winning streak.

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USD/KRW remains subdued near 1,391 following US-Korea trade agreement

USD/KRW depreciates after registering gains in the previous session, trading around 1,391 during the Asian hours on Thursday. The pair inches lower as the South Korean Won (KRW) receives support after Seoul and Washington finalized a trade agreement.

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US President Trump says Canada trade deal would be hard amid plans to recognise Palestinian state

US President Donald Trump said on Thursday that Canada's support for Palestine makes it difficult to form a trade agreement.

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GBP/USD steadily climbs above mid-1.3200s amid a softer USD; bulls lack conviction

The GBP/USD pair attracts some buyers during the Asian session on Thursday and reverses a part of the previous day's decline to the lowest level since May 13.

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India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

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Silver Price Forecast: XAG/USD attracts some buyers to above $37.00 on softer US Dollar

The Silver price (XAG/USD) trades in positive territory around  $37.20 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). Investors brace for further development surrounding US President Donald Trump's tariff policy on major trade partners. 

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AUD/JPY Price Forecast: Falls to near 96.00 as sentiment remains neutral

AUD/JPY loses ground for the fourth successive session, trading around 96.10 during the Asian hours on Thursday. The technical analysis of the daily chart shows that the currency cross moves sideways within the rectangular pattern, suggesting a prevailing neutral sentiment.

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Gold price defends 100-day SMA, rebounds from one-month low as USD pauses post-Fed rally

Gold price (XAU/USD) gains some positive traction during the Asian session on Thursday and recovers a part of the previous day's hawkish Federal Reserve (Fed)-inspired slump to a one-month low.

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EUR/JPY holds losses near 170.00 after BoJ policy, German HICP data awaited

EUR/JPY continues its losing streak for the fourth consecutive day, trading around 169.90 during the Asian session on Thursday. The currency cross loses ground following the release of the Bank of Japan's (BoJ) interest rate decision.

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