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Heads up on timing of BOE policy decision later today
Heads up on timing of BOE policy decision later today
The decision and statement will be released at 1102 GMT, two minutes later than usual
German Industrial Production jumps 3% MoM in March vs. 0.8% expected
German Industrial Production jumps 3% MoM in March vs. 0.8% expected
Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.
EURUSD
Germany
EconomicIndicator
IndustrialProduction
Eurostoxx futures +0.7% in early European trading
Eurostoxx futures +0.7% in early European trading
A more buoyant mood ahead of the open later
Stocks
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $58.35 per barrel, up from Wednesday’s close at $57.68.
Oil
WTI
Commodities
Bullish
BoE's Bailey: We welcome US-UK trade agreements
BoE's Bailey: We welcome US-UK trade agreements
Bank of England Governor Andrew Bailey explained the decision to cut the policy rate to 4.25% following the May meeting and responded to questions during the post-meeting press conference.
Currencies
SEO
BOE
GBPUSD
China premier Li reportedly set for visit to Malaysia later this month
China premier Li reportedly set for visit to Malaysia later this month
Reuters reports, citing two sources on the matter
Politics
FX option expiries for May 8 NY cut
FX option expiries for May 8 NY cut
FX option expiries for May 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
EUR/USD holds steady above 1.1300 amid softer USD; lacks bullish conviction
EUR/USD holds steady above 1.1300 amid softer USD; lacks bullish conviction
The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday and reverses a part of the overnight slide from the 1.1375-1.1380 resistance zone.
EURUSD
Fed
TradeWar
Currencies
Bullish
NZD/USD trades higher near 0.5950 ahead of potential US-China trade talks
NZD/USD trades higher near 0.5950 ahead of potential US-China trade talks
The NZD/USD pair is trading near 0.5970 during Thursday’s Asian session, rebounding after a more than 1% decline in the previous session. The recovery is driven by optimism surrounding potential de-escalation in US-China trade tensions.
Majors
NewZealand
NZDUSD
Macroeconomics
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver (XAG/USD) attracts fresh buying during the Asian session on Thursday and reverses a major part of the previous day's retracement slide from over a one-week high. The white metal climbs to the $33.00 neighborhood in the last hour and seems poised to appreciate further.
Technical Analysis
Silver
Commodities
XAGUSD
Bullish
Risk stays buoyed as traders eye Trump's trade deal announcement
Risk stays buoyed as traders eye Trump's trade deal announcement
Trump teases a major trade deal announcement and reports are suggesting it to be one with the UK
market overview
GBP/USD appreciates to near 1.3350, rebounds due to potential US-UK trade deal
GBP/USD appreciates to near 1.3350, rebounds due to potential US-UK trade deal
The GBP/USD pair rebounds from its recent losses, trading near 1.3340 during the Asian session on Thursday. The Pound Sterling (GBP) gains traction on speculation that the Trump administration may soon announce a trade agreement with the United Kingdom (UK).
GBPUSD
Majors
Macroeconomics
UnitedKingdom
TradeWar
Japanese Yen selling bias remains unabated amid trade deal talks; USD/JPY approaches 145.00 mark
Japanese Yen selling bias remains unabated amid trade deal talks; USD/JPY approaches 145.00 mark
The Japanese Yen (JPY) continues losing ground through the first half of the European session on Thursday, which, along with some follow-through US Dollar (USD) buying, lifts the USD/JPY pair further beyond mid-144.00s.
TradeWar
Fed
BOJ
SEO
USDJPY
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold
India
Commodities
Chinese Embassy in the US: China will not compromise its principles in trade talks
Chinese Embassy in the US: China will not compromise its principles in trade talks
Citing the Chinese Embassy in the United States (US), the Global Times, a highly influential China’s media outlet, stated on X early Thursday that Beijing is unlikely to lower tariffs before the talks in Switzerland begin.
China
UnitedStates
AUDUSD
TradeWar
DollarIndex
ForexLive Asia-Pacific FX news wrap: Trump says he’ll announce “major” trade deal Thursday
ForexLive Asia-Pacific FX news wrap: Trump says he’ll announce “major” trade deal Thursday
Forex news for Asian trading on Thursday, May 8, 2025
Session wrap
Wrap Europe
WTI rises above $58.00, trade uncertainty caps gains
WTI rises above $58.00, trade uncertainty caps gains
West Texas Intermediate (WTI) crude Oil price recovers some ground during Thursday’s Asian session, trading around $58.10 per barrel after recent losses. The rebound is supported by a decline in US crude inventories.
Oil
Majors
WTI
Commodities
Macroeconomics
USD/CAD trades with negative bias above 1.3800 amid uptick in Oil prices, weaker USD
USD/CAD trades with negative bias above 1.3800 amid uptick in Oil prices, weaker USD
The USD/CAD pair fails to capitalize on the pervious day's modest recovery move from the vicinity of the year-to-date low and meets with a fresh supply during the Asian session on Thursday.
Currencies
TradeWar
Fed
USDCAD
Majors
USD/INR rises as US Dollar remains stronger ahead of Initial Jobless Claims
USD/INR rises as US Dollar remains stronger ahead of Initial Jobless Claims
The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the third successive session on Thursday. The USD/INR pair appreciates amid the Federal Reserve’s (Fed) cautious policy outlook.
Asia
SEO
USDINR
India
Macroeconomics
Gold price drops to multi-day low, around $3,320 area amid notable USD buying
Gold price drops to multi-day low, around $3,320 area amid notable USD buying
Gold price (XAU/USD) turns lower for the second straight day following an intraday uptick to the $3,414-3,415 area and extends the intraday descent heading into the European session on Thursday.
TradeWar
Fed
SEO
Gold
Commodities
New York Times says Trump will announce a trade deal with the UK
New York Times says Trump will announce a trade deal with the UK
Trump says he's making a big trade deal announcement at 10am US Eastern time on Thursday
Politics
SPX
BoJ’s Ueda: Mindful of impact of the rising food prices on underlying inflation
BoJ’s Ueda: Mindful of impact of the rising food prices on underlying inflation
Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, he is “mindful of the impact of the rising food prices on underlying inflation.”
BOJ
CentralBanks
Inflation
USDJPY
InterestRate
Pavlov's dog takes US equities higher on Trump's "major trade deal" teaser announcement
Pavlov's dog takes US equities higher on Trump's "major trade deal" teaser announcement
Trump promises a "Big news conference tomorrow morning at 10:00 a.m." in the Oval Office
SPX
Nasdaq
US Presi. Trump: Big news conference Thursday morning concerning a major trade deal
US Presi. Trump: Big news conference Thursday morning concerning a major trade deal
US President Donald Trump announced during the Asian trading hours on Thursday of “a big news conference (Thursday) tomorrow morning at 10:00 a.m. (14 GMT) in the Oval Office. concerning a major trade deal with representatives of a big, and highly respected, country.”
TradeWar
UnitedStates
DollarIndex
AUD/USD advances to near 0.6450, upside appears limited due to Fed cautious tone
AUD/USD advances to near 0.6450, upside appears limited due to Fed cautious tone
The AUD/USD pair edges higher in Thursday’s Asian session, trading around 0.6440 after falling over 1% in the previous session. The pair had previously touched a five-month high of 0.6514 on Wednesday, but retreated amid Federal Reserve’s (Fed) cautious policy outlook.
Australia
Majors
AUDUSD
Macroeconomics
PBOC sets USD/ CNY mid-point today at 7.2073 (vs. estimate at 7.2385)
PBOC sets USD/ CNY mid-point today at 7.2073 (vs. estimate at 7.2385)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.2073 vs. 7.2005 previous
PBOC sets USD/CNY reference rate at 7.2073 vs. 7.2005 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2073 as compared to the previous day's fix of 7.2005 and 7.2385 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
New Zealand PM Luxon: Remains confident about NZ economic recovery
New Zealand PM Luxon: Remains confident about NZ economic recovery
New Zealand's Prime Minister Christopher Luxon crossed the wires in the last hour, saying that the sharp deterioration of financial markets in early April has somewhat recovered, but markets remain volatile.
Currencies
Volatility
NewZealand
NZDUSD
Trump spruiks a major trade deal announcement Thursday morning in Washington
Trump spruiks a major trade deal announcement Thursday morning in Washington
"Big news conference tomorrow morning at 10:00 a.m., the Oval Office,"
Politics
Former BOJ Governor Kuroda supports Ueda’s normalization steps
Former BOJ Governor Kuroda supports Ueda’s normalization steps
Kuroda spoke on tariffs as creating uncertainty and slower rate hikes
NZ PM Luxon says markets remain volatile, but he's confident about NZ economic recovedry
NZ PM Luxon says markets remain volatile, but he's confident about NZ economic recovedry
Says that the international environment clearly matters a lot but I remain confident about our recovery
BoJ Minutes: BoJ will raise rates if economic and price projections are realized
BoJ Minutes: BoJ will raise rates if economic and price projections are realized
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook this Thursday, per the Minutes of the March 18-19 meeting.
Currencies
BOJ
Inflation
USDJPY
InterestRate
PBOC is expected to set the USD/CNY reference rate at 7.2385 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2385 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
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