Weaknesses beneath the surface disrupted Bitcoin’s (BTC) recent push toward $82,000, as rising profit-taking outweighed fresh demand, according to a Wednesday report from Glassnode.
The GBP/USD pair holds steady around 1.3435 during the Asian trading hours on Thursday. However, a sharp slowdown in UK inflation and uncertainty surrounding US–Iran talks could weigh on the British Pound (GBP) against the US Dollar (USD).
Silver (XAG/USD) is seen building on the previous day's bounce from the vicinity of a nearly two-week low, around the $73.00 neighborhood, and gaining positive traction for the second straight day on Thursday.
AUD/USD depreciates after registering over 0.5% gains in the previous day, trading around 0.7120 during the Asian hours on Thursday. The pair depreciates as the Australian Dollar (AUD) declines following the release of softer Australian labor market data.
AUD/JPY inches lower after registering over 0.5% gains in the previous day, trading around 113.60 during the Asian hours on Thursday. The currency cross remains subdued following the release of Australia’s labor market data.
Bank of Japan (BoJ) Policy Board Member Junko Koeda said on Thursday that Japan's core inflation rate has approached 2%. Koeda also highlighted the progress towards achieving the BoJ's inflation goal, which has been a key focus for policymakers in recent years.
The AUD/NZD cross meets with a fresh supply during the Asian session on Thursday and slides closer to the previous day's low, around the 1.2150 region in reaction to the disappointing Australian employment data.
Australia’s Unemployment Rate climbed to 4.5% in April, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.3%.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8349 compared to the previous day's fix of 6.8397 and 6.7955 Reuters estimate.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies following the previous day's downfall of nearly 5% amid mixed signals over a potential US-Iran peace deal.
USD/CAD inches higher for the third consecutive day, trading around 1.3750 during the Asian hours on Thursday.
The EUR/USD pair trades flat near 1.1625 during the early Asian session on Thursday. The potential upside for the major pair might be limited, as uncertainty surrounding US–Iran talks could boost the safe-haven assets.
USD/JPY remains subdued for the second successive day, trading around 158.90 during the Asian hours on Thursday. The pair depreciates as the Japanese Yen (JPY) holds gains following the release of Japan’s Merchandise Trade Balance Total data.
The AUD/USD pair loses ground to near 0.7150 during the early Asian session on Thursday. The downbeat Australian economic data and safe-haven flows weigh on the Australian Dollar (AUD) against the US Dollar (USD).