Trading news

The EUR/USD pair gathers strength to around 1.1710 during the early Asian session on Thursday. The Euro (EUR) strengthens against the US Dollar (USD) as US President Donald Trump’s extension of a ceasefire with Iran revives risk appetites.

Japan Jibun Bank Manufacturing PMI came in at 54.9, above expectations (51.8) in April

Japan Jibun Bank Services PMI fell from previous 53.4 to 51.2 in April

The AUD/USD pair gains momentum near 0.7155 during the early Asian session on Thursday. US President Donald Trump’s extension of a ceasefire with Iran revives risk appetites, supporting the Australian Dollar (AUD) against the US Dollar (USD).

Japan Foreign Investment in Japan Stocks down to ¥2B in April 17 from previous ¥3B

The White House said that US President Donald Trump has not set a deadline on Iran submitting a peace proposal, the Guardian reported on Wednesday. On Tuesday, Trump extended the ceasefire and vowed to continue the US blockade on Iranian ports.

Gold price (XAU/USD) trades in negative territory near $4,730 during the early Asian session on Thursday. The precious metal declines as traders remain cautious over US-Iran peace talks to end the nearly two-month war that has intensified global inflation concerns.

Australia S&P Global Manufacturing PMI increased to 51 in April from previous 49.8

The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) jumped to 51.0 in April versus 49.8 prior, the latest data published by S&P Global showed on Thursday.

Australia S&P Global Composite PMI increased to 50.1 in April from previous 46.6

Australia S&P Global Services PMI up to 50.3 in April from previous 46.3

South Korea Gross Domestic Product Growth (QoQ) came in at 1.7%, above expectations (1%) in 1Q

South Korea Gross Domestic Product Growth (YoY) came in at 3.6%, above expectations (2.7%) in 1Q

MUFG’s Senior Currency Analyst Lloyd Chan argues that while geopolitical risks stay elevated, valuation metrics such as REER now show meaningful Rupiah undervaluation versus the US Dollar.

GBP/USD was little changed on Wednesday, settling close to 1.3510 after a choppy session that reached 1.3540 in London hours before fading toward 1.3490. Price has been pinned inside a 65-pip band through midweek, with long upper and lower wicks pointing to two-way uncertainty.

USD/JPY was little changed on Wednesday, hovering close to 159.50 in a narrow session after Tuesday's push to 159.64. Price has been confined between 159.10 and 159.60 through the midweek stretch, with overlapping small-bodied candles pointing to indecision.

The NZD/USD pair is trading with a cautious tone around the 0.5910 region on Thursday, as the US Dollar (USD) maintains a firm footing despite a modest pullback in US Treasury yields.

OCBC’s Christopher Wong observes that USD/KRW’s earlier decline has stalled, with bearish momentum fading and RSI recovering from oversold territory.

AUD/USD is stuck within a range as Middle East geopolitical tensions remain high, with US President Trump extending the ceasefire while Iran seized two container ships in the Strait of Hormuz.

South Korea Consumer Sentiment Index: 99.2 (April) vs previous 107