Trading news

Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.

The NZD/USD pair tumbles to near 0.5725 during the Asian trading hours on Thursday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) as market caution persists due to the ongoing conflict in the Middle East, which boosts safe-haven demand. 

The GBP/USD pair meets fresh supply during the Asian session on Thursday. It retreats further from the weekly high, which was around the 1.3345 area touched the previous day. Spot prices decline to the mid-1.3200s after US President Donald Trump's comments.

The USD/JPY pair gains momentum to near 159.20 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) following US President Donald Trump’s speech from the White House. 

AUD/USD depreciates after two days of gains, trading around 0.6900 during the Asian hours on Thursday.

West Texas Intermediate (WTI) Crude Oil prices catch aggressive bids during the Asian session on Thursday and surge past the $97.00 mark as US President Donald Trump's prime-time address gets underway.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8880 compared to the previous day's fix of 6.9025 and 6.8764 Reuters estimate.

US President Donald Trump said on Thursday that Iran's ability to launch missiles and drones has been curtailed. Trump added that the US does't need oil from the Middle East.

The EUR/USD pair holds steady around 1.1590 during the early Asian session on Thursday. Markets turn cautious ahead of US President Donald Trump’s address on the Iran war. The US weekly Initial Jobless Claims report is due later on Thursday.

Australia Imports (MoM) fell from previous 0.8% to -3.2% in February

Australia Exports (MoM) rose from previous -0.9% to 4.9% in January

Australia Trade Balance (MoM) came in at 5686M, above forecasts (2500M) in February

Japan Monetary Base (YoY) declined to -11.6% in March from previous -10.6%

Japan Foreign Investment in Japan Stocks: ¥-4B (March 27) vs ¥-2509.7B

US President Donald Trump will address the nation at 01:00 GMT on Thursday to give an “update” on the war with Iran, CNN reported. The speech will be the first major national address the president has delivered on the conflict since the first joint US-Israeli strikes on Iran in late February.

Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.

ING economist Min Joo Kang highlights that South Korea’s 1Q26 GDP is set to rebound on strong chip-led exports and recovering investment, but trims the 2026 GDP forecast to 2.0% from 2.2%.

South Korea Consumer Price Index Growth (YoY) came in at 2.2% below forecasts (2.4%) in March

South Korea Consumer Price Index Growth (MoM) below forecasts (0.6%) in March: Actual (0.3%)

Standard Chartered’s Edward Lee and Jonathan Koh expect the Monetary Authority of Singapore to steepen the SGD NEER slope by 50bps in April, partially reversing pre-emptive easing from H1-2025 while keeping the band unchanged.