United States Continuing Jobless Claims came in at 1.786M, above forecasts (1.78M) in May 15

United States Gross Domestic Product Price Index declined to 3.5% in 1Q from previous 3.6%

United States Personal Income (MoM) came in at 0% below forecasts (0.4%) in April

United States Core Personal Consumption Expenditures (QoQ) came in at 4.4%, above forecasts (4.3%) in 1Q

Canada Current Account dipped from previous -0.7B to -7.2B in 1Q

United States Personal Consumption Expenditures - Price Index (MoM) came in at 0.4%, below expectations (0.5%) in April

United States Core Personal Consumption Expenditures - Price Index (MoM) registered at 0.2%, below expectations (0.3%) in April

United States Core Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (3.3%) in April

United States Personal Consumption Expenditures - Price Index (YoY) meets forecasts (3.8%) in April

United States Personal Spending in line with expectations (0.5%) in April

United States Gross Domestic Product Annualized came in at 1.6%, below expectations (2%) in 1Q

BNY’s Bob Savage reports that European Union (EU) exports, especially to the United States (US), have weakened sharply and sentiment indicators remain below long‑run averages, underscoring subdued Eurozone momentum.

Gold (XAU/USD) falls to a fresh two-month low on Thursday as renewed attacks in the Middle East keep traders doubtful about a quick end to the US-Iran war. At the time of writing, XAU/USD is trading at $4,386 after hitting an intraday low of $4,366.

Mexico Jobless Rate s.a down to 2.6% in April from previous 2.8%

Mexico Jobless Rate came in at 2.5%, below expectations (2.7%) in April

Cryptocurrency prices are extending a broader sell-off on Thursday amid growing tensions between the United States (US) and Iran. Bitcoin (BTC) exhibits technical weakness, trading around $73,353 on the third consecutive day of declines.

BNP Paribas argues that United States growth outperformance is being driven by strong productivity gains rather than immediate benefits from Artificial Intelligence.

The accounts of the European Central Bank's April policy meeting showed on Thursday that policymakers acknowledged that upside risks to inflation and downside risks to growth have intensified.

The GBP/USD pair trades 0.2% lower to near 1.3400 during the European trading session on Thursday. The pair is broadly under pressure due to fears of a resumption of the Middle East war after the exchange of attacks between the United States (US) and Iran.

ABN AMRO notes that the new energy shock will push Eurozone inflation higher, though less severely than in 2022–23, as gas price rises are smaller and electricity has decoupled from gas.

Deutsche Bank’s Jim Reid and team note that Brent Oil has rebounded strongly after fresh US defensive strikes and new sanctions on Iran, which reversed yesterday’s sharp decline to a one‑month low.

The Japanese Yen (JPY) trims losses against the US Dollar (USD) during Thursday’s European trading session, although it remains dangerously close to levels that allegedly triggered an intervention in April.

Societe Generale technical analysts observe that the USD/ZAR downtrend has stalled after an interim low in January, with the pair capped by its 200-day moving average.

Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened a decisive response against disruption near the Strait of Hormuz, a vital passage to almost 20% of global energy supply, during the European trading session on Thursday.

BNY’s Geoff Yu notes that strong U.S. equity performance and broad Dollar buying have left global asset allocators heavily exposed to the Dollar into month-end.

The New Zealand Dollar (NZD) holds minor losses against the US Dollar (USD) on Thursday, as it has retraced most of the daily losses during the London trading session.

Gold price (XAU/USD) trades 1.43% lower to near $4,390 during the European trading session on Thursday, close to its fresh two-month low of $4.366.56 posted earlier in the day. The precious metal faces intense selling pressure as renewed Middle East crisis have prompted oil prices.