Ripple (XRP) and Stellar (XLM) show mild signs of recovery on Thursday after extending losses earlier this week. XRP is holding above the $1.10 level as bearish momentum begins to fade, while XLM has bounced modestly from a key support zone.

Gold (XAU/USD) fades a modest Asian session bounce to the $4,118 region, though it manages to hold above the lowest level since November 2025 set earlier this Thursday.

USD/CHF depreciates after four days of gains, trading around 0.7990 during the Asian hours on Thursday. However, the downside of the pair could be restrained as the US Dollar (USD) may regain its ground amid rising safe-haven demand due to ongoing Middle East conflict.

The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000 at press time on Thursday. The mild recovery in BTC fails to lift the Fear and Greed Index, which at 15 continues to signal extreme fear among investors.

The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT.

EUR/JPY gains ground for the fourth successive day, trading around 185.30 during the Asian hours on Thursday. The EUR/JPY cross is holding a constructive bias, with spot remaining above the nine-day and 50-day Exponential Moving Averages (EMAs).

Israeli military says home front command issued early warning after launches from Lebanon toward northern Israel.

The NZD/USD pair gains traction to around 0.5800 during the Asian trading hours on Thursday. Nonetheless, escalating tensions in the Middle East could weigh on the New Zealand Dollar (NZD) as a riskier asset against the US Dollar (USD). The US Producer Price Index (PPI) report.

The AUD/USD pair recovers a few pips after touching a fresh two-month low during the Asian session on Thursday and moves back above the 0.7000 psychological mark.

Silver price (XAG/USD) gains ground after two days of losses, trading around $64.00 per troy ounce during the Asian hours.

The GBP/USD pair gathers strength to around 1.3385 during the Asian trading hours on Thursday. However, the potential upside might be limited amid rising expectations for higher-for-longer US interest rates.

Bitcoin's (BTC) recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday.

The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3900 mark, or the weekly low, and ticks lower during the Asian session on Thursday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 100.00 during the Asian hours on Thursday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8150 compared to the previous day's fix of 6.8130 and 6.7819 Reuters estimate.

Australia Consumer Inflation Expectations declined to 5.5% in June from previous 5.6%

The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday. 

The EUR/USD pair trades in positive territory near 1.1540 during the early Asian trading hours on Thursday. Rising bets that the European Central Bank (ECB) will deliver a rate hike at its June policy meeting later on Thursday underpin the Euro (EUR) against the Greenback. 

West Texas Intermediate (WTI) oil price extends gains for the second successive day, trading around $90.70 per barrel during the Asian hours on Thursday.

"Ending soon" did not survive the day.

Japan BSI Large Manufacturing Conditions Index (QoQ) below forecasts (4.2) in 2Q: Actual (-1.8)

Japan Foreign Investment in Japan Stocks: ¥-701B (June 5) vs previous ¥-491.2B

The USD/JPY pair edges higher to around 160.55 during the early Asian session on Thursday. The Japanese Yen (JPY) weakens to a near six-week low against the US Dollar (USD) after a hot US inflation report fuels expectations for higher-for-longer US Federal Reserve (Fed) interest rates.

The Commodity Futures Trading Commission (CFTC) on Wednesday proposed amendments to Regulation 40.11, seeking to establish a formal framework for reviewing prediction market contracts.

The US Central Command (CENTCOM) said it began "additional self-defense strikes" on Wednesday against "multiple targets in Iran,” the Guardian reported. The US military added, "The strikes are in response to Iran's unwarranted and continued aggression.”

The New Zealand Dollar is carrying the steepest implied tightening path in the developed world and trading like a currency nobody told.

The Australian Dollar (AUD) has everything a currency bull could ask for except a functioning customer, and Wednesday made that distinction expensive.