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EUR/GBP Price Analysis: Euro holds bullish tone while drifting near 0.8500
EUR/GBP Price Analysis: Euro holds bullish tone while drifting near 0.8500
The EUR/GBP pair saw slight weakness on Thursday, trading near the 0.8500 zone after the European session. Despite today’s marginal drop, the overall structure remains supportive of a bullish bias, backed by a firm base of longer-term moving averages.
Crosses
Technical Analysis
Currencies
EURGBP
Bullish
GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
The Pound Sterling edges lower against the US Dollar on Thursday, with most European markets closed during Labor Day. The release of manufacturing activity data on both sides of the Atlantic and US trade policies continued to drive the financial markets.
Technical Analysis
Currencies
Majors
Macroeconomics
GBPUSD
EUR/USD Price Analysis: Euro holds losses near 1.1300
EUR/USD Price Analysis: Euro holds losses near 1.1300
The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum.
Technical Analysis
Currencies
EURUSD
Majors
Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength
Silver Price Forecast: XAG/USD recovers initial losses despite US Dollar showing strength
Silver price (XAG/USD) recovers a majority of its early losses and returns to near $32.50 during North American trading hours on Thursday.
Silver
China
PMI
XAGUSD
DollarIndex
US National Security Adviser Mike Waltz is being replaced - reports
US National Security Adviser Mike Waltz is being replaced - reports
Waltz was responsible for setting up the Signal chat
Politics
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) having attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.
BOC
TradeWar
USDCAD
PMI
DollarIndex
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.
Manufacturing
UnitedStates
EconomicIndicator
PMI
Macroeconomics
US April ISM manufacturing 48.7 vs 48.0 expected
US April ISM manufacturing 48.7 vs 48.0 expected
US April manufacturing survey from the Institute for Supply Management
April US S&P Global manufacturing PMI 50.2 vs 50.7 prelim
April US S&P Global manufacturing PMI 50.2 vs 50.7 prelim
The final reading from S&P Global on manufacturing for April
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
There were 241,000 initial jobless claims in the week ending April 26, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure follows the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
WH Hassett: Tariff news expected by the end of the day
WH Hassett: Tariff news expected by the end of the day
Hassett teasing some important (?) news on tariffs on CNBC
USD's safe haven appeal fades as trade war backfires – Rabobank
USD's safe haven appeal fades as trade war backfires – Rabobank
Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.
Technical Analysis
US Elections
EURUSD
Banks
DollarIndex
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
ForexLive European FX news wrap: Yen stays pinned down after BOJ presser
Forex news from the European morning session on May 1, 2025
Session wrap
Wrap Europe
GBP quiet despite improvement in manufacturing PMI – Scotiabank
GBP quiet despite improvement in manufacturing PMI – Scotiabank
The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD slips modestly on firmer USD – Scotiabank
CAD slips modestly on firmer USD – Scotiabank
The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
United States (US) Treasury Secretary Scott Bessent told Fox Business Network on Thursday the fact that the two-year US Treasury bond yield is below the federal funds rate is a signal that the Federal Reserve (Fed) should cut rates, per Reuters.
Fed
UnitedStates
CentralBanks
Macroeconomics
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD improves on stock rebound, trade hopes – Scotiabank
USD improves on stock rebound, trade hopes – Scotiabank
It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex
USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes.
GDP
BOJ
USDJPY
InterestRate
PMI
US April Challenger layoffs 105.44k vs 275.24k prior
US April Challenger layoffs 105.44k vs 275.24k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 1 May 2025
Bessent: Strategic uncertainty is Trump's negotiating tactic
Bessent: Strategic uncertainty is Trump's negotiating tactic
Nobody can know what you're doing when you don't know it yourself
Politics
US Bessent: Need to see de-escalation with China on tariffs
US Bessent: Need to see de-escalation with China on tariffs
Comments from the US Treasury Secretary Scott Bessent
Politics
AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
The AUD/USD pair is down 0.3% to near 0.6380 in Thursday’s European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.
AUDUSD
TradeBalance
TradeWar
China
UnitedStates
No relief for oil as price continues to tumble lower
No relief for oil as price continues to tumble lower
A myriad of factors are weighing on the market at the moment
A non-consensus trade opportunity as the selloff in crude oil gathers attention
A non-consensus trade opportunity as the selloff in crude oil gathers attention
Crude oil has been selling off hard as the focus has been on higher supply fears but a non-consensus trade opportunity on higher prices could be in the cards
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