EUR/USD
The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials. Traders will take more cues from the US Retail Sales report for April, which is due later on Thursday.
GBP/USD
GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.
USD/JPY
The USD/JPY pair trades on a flat note near 157.85 during the early Asian session on Thursday. The major pair steadies as traders prefer to wait on the sidelines ahead of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing and the release of the US April Retail Sales data later on Thursday.
AUD/USD
The AUD/USD pair loses ground to near 0.7250 during the Asian trading hours on Thursday. Hotter-than-expected US inflation data provide some support to the US Dollar (USD) against the Australian Dollar (AUD). Traders will closely monitor the US President Donald Trump-Chinese President Xi Jinping summit in Beijing, and the release of the US April Retail Sales data later on Thursday.
NZD/USD
NZD/USD ended Wednesday virtually flat, though the session produced a sharp two-way range of close to 50 pips. The pair spiked to the session high in early Asia-Pacific hours before selling off hard through New York trade to the day’s low; a partial recovery into the close left price consolidating near the lower portion of the intraday range.
USD/CAD
USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping. Traders will also shift their focus to the US Retail Sales report for April due later in the day.
USD/CHF
The US Dollar (USD) maintains its immediate bullish trend against the Swiss Franc (CHF) intact for now, with the pair standing comfortably above 0.7800, after bouncing at lows near 0.7760 last week. A mild risk-averse sentiment amid growing tensions in the Middle East, and dwindling hopes of further Federal Reserve (Fed) rate cuts, are keeping the Greenback buoyed across the board on Wednesday.
CRUDE OIL
Oil prices rose on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive result on the Iran war, which has significantly disrupted global oil supply.
Gold price (XAU/USD) trades in positive territory during the early European trading hours on Thursday. The precious metal edges higher as traders await the outcome of US President Donald Trump-Chinese President Xi Jinping summit in Beijing. The US April Retail Sales report will also be in the spotlight later on Thursday.
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