EUR/USD
The EUR/USD pair holds steady around 1.1590 during the early Asian session on Thursday. Markets turn cautious ahead of US President Donald Trump’s address on the Iran war. The US weekly Initial Jobless Claims report is due later on Thursday. The US Nonfarm Payrolls (NFP) data will be in the spotlight on Friday.
GBP/USD
GBP/USD posted a solid recovery on Wednesday, climbing around 0.6% to trade back above the 1.3300 level after spending much of late March pinned below that figure. The pair remains well off its January highs near 1.3850 and is trading beneath both its 50-day and 200-day exponential moving averages, which sit near 1.3400 and 1.3350, respectively, but the bounce from the March low near 1.3150 has some legs. The Stochastic RSI has pushed back toward overbought territory, suggesting short-term momentum is stretched to the upside even as the broader trend remains bearish.
USD/JPY
USD/JPY closed next to flat on Wednesday, settling around 158.70 after a subdued session that followed two straight days of declines from the 160.40 area. The pair remains caught in congestion near 159.00, with price chopping between the recent swing high above 160.00 and support around 158.00. A cluster of mixed candle bodies on the four-hour chart reflects the tug of war between US Dollar strength and Yen safe-haven demand.
AUD/USD
The AUD/USD pair is down 0.7% to near 0.6870 in the late Asian trading session on Thursday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms due to a risk-off mood.
NZD/USD
The NZD/USD pair tumbles to near 0.5725 during the Asian trading hours on Thursday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) as market caution persists due to the ongoing conflict in the Middle East, which boosts safe-haven demand.
USD/CAD
USD/CAD trades with a softer tone on Wednesday, as a pullback in the US Dollar (USD) lends support to the Canadian Dollar (CAD). The pair is trading around 1.3891 at the time of writing, retreating after touching its highest level since December 2025 earlier this week.
USD/CHF
The USD/CHF pair jumps to around 0.7985 during the early European session on Thursday. The Greenback strengthens against the Swiss Franc (CHF) following an address to the nation by US President Donald Trump. Traders will keep an eye on the Swiss March Consumer Price Index (CPI) data, which is due later on Thursday.
CRUDE OIL
Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
Gold (XAU/USD) extends its sharp intraday rejection slide from the $4,800 mark, or a two-week high, and dives to mid-$4,500s heading into the European session on Thursday amid a broad-based US Dollar (USD) rally. Addressing the nation, US President Donald Trump threatened that Iran would be hit extremely hard over the next two to three weeks and would be brought to the Stone Age if no deal is reached. This tempers hopes for de-escalation of tensions in the Middle East and weighs on investors’ sentiment, bolstering the USD’s status as the global reserve currency and exerting heavy downward pressure on the commodity.
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