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ISM Services PMI Preview: US services sector expected to accelerate in August
On Thursday, we'll get the latest read on the US services sector when the Institute for Supply Management publishes its August Services PMI. Economists think the index will tick up to 51 from July's 50.1.
Pound Sterling trades stably as BoE members signal uncertainty on interest rate outlook
The Pound Sterling (GBP) trades calmly against its major peers on Thursday as the Bank of England (BoE) officials delivered mixed remarks on the monetary policy outlook before the House of Commons' Treasury Committee the previous day.
USD/CAD Price Forecast: Likely to find resistance at the 1.3825 area
The US Dollar is trading higher for the fourth consecutive day against the Canadian Dollar.
EUR/USD ticks lower with Eurozone Retail Sales on tap
The EUR/USD pair trades with minor losses at 1.1650 at the opening of the European session on Thursday. The pair keeps looking for direction, not far from the lower end of the last few weeks' trading range, ahead of the Eurozone's Retail Sales report.
Forex Today: Gold corrects from record-high, USD awaits key data releases
Here is what you need to know on Thursday, September 4:
ADP Employment Change is likely to increase concerns about the US labour market
This week, the US employment is set to take centre stage. Automatic Data Processing Inc. (ADP), the largest payroll processor in the US, is set to release the ADP Employment Change report for August, measuring the change in the number of people privately employed in the US, at 12:15 GMT on Thursday.
AUD/JPY Price Forecast: Tests confluence support zone near 96.50, nine-day EMA
AUD/JPY halts its winning streak that began on August 21, trading around 96.70 during the early European hours on Thursday. The technical analysis of the daily chart shows that the currency cross is positioned within the ascending channel pattern, suggesting a prevailing bullish bias.
NZD/USD softens below 0.5900 as traders brace for US ISM Services PMI release
The NZD/USD pair attracts some sellers to around 0.5870 during the early European session on Thursday, pressured by a stronger US Dollar (USD).
EUR/GBP gains ground above 0.8650 ahead of Eurozone Retail Sales release
The EUR/GBP cross gains traction to around 0.8680 during the early European session on Thursday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as market bets that interest rates will remain unchanged in the near term. The Eurozone Retail Sales will take center stage later on Thursday.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.26 per barrel, down from Wednesday's close at $63.55.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.98 after its previous daily close at $67.27.
WTI falls toward $63.00 as OPEC+ plans to increase Oil output
West Texas Intermediate (WTI) Oil price extends its losses for the second consecutive day, trading around $63.20 per barrel during the Asian hours on Thursday.
GBP/JPY struggles for a firm intraday direction, flat lines around 199.00 mark
The GBP/JPY cross lacks a firm intraday directional bias on Thursday and seesaws between tepid gains/minor losses, around the 199.00 mark during the Asian session on Thursday.
USD/CHF consolidates ahead of key Swiss inflation, US employment data
The USD/CHF pair trades in a tight range around 0.8040 during the Asian trading session on Thursday. The Swiss Franc pair consolidates as investors await key Swiss Consumer Price Index (CPI) and United States (US) ADP Employment and ISM Services PMI data for August.
US President Donald Trump: We are going to get it done on Russia-Ukraine peace deal
US President Donald Trump said on Wednesday that he remains committed to pursuing a peace agreement between Russia and Ukraine, despite mounting uncertainty over the prospect of talks between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, CBS News reported on Thursday.
EUR/JPY Price Forecast: Key resistance level emerges near 173.00
The EUR/JPY cross trades on a flat note near 172.65 during the early European session on Thursday. Traders remain divided over the likely timing and pace of Bank of Japan (BoJ) rate hikes amid tariff-related uncertainties.
US Dollar Index treads water above 98.00 ahead of ISM Services PMI
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering losses in the previous session and trading around 98.20 during the Asian hours on Thursday.
Silver Price Forecast: XAG/USD trades below $41.00 mark, down over 1% for the day
Silver (XAG/USD) extends the previous day's late pullback from the vicinity of mid-$41.00s, or its highest level since September 2011, and attracts heavy selling during the Asian session on Thursday.
USD/INR edges lower as India revises GST slabs to boost economy
The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Thursday. The USD/INR pair edges lower to near 88.15 as the Indian government has revised Goods and Services Tax (GST) rates lower to boost consumption.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
USD/CAD rises above 1.3800 amid weaker Oil prices, US labor data eyed
USD/CAD extends its winning streak for the fourth successive session, trading around 1.3810 during the Asian hours on Thursday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) could have faced challenges due to softer crude oil prices.
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