Euro manages to surpass the 1.1000 hurdle vs. the US Dollar. Stocks in Europe kickstart the session in a positive tone. EUR/USD rises to multi-day tops near 1.1030. The USD Index (DXY) puts the 102.00 support to the test. Final CPI in Italy rose 5.9% YoY in July. (FXStreet)

Pound Sterling finds support amid quiet market mood, UK factory data eyed. It is expected that the United Kingdom economy could avoid recession. UK’s GDP is seen growing in Q2 despite the aggressively restrictive monetary policy. (FXStreet)

GBP/USD closed in the red for the second straight day on Wednesday but managed to hold above 1.2800. The pair trades in a narrow channel early Thursday. The UK's Office for National Statistics will release second-quarter Gross Domestic Product (GDP) figures on Friday. (FXStreet)

USD/JPY gains momentum for the fourth consecutive day, just below the 144.00 barrier. The pair stands above the 50- and 100-hour EMAs with an upward slope. The immediate resistance level is seen at 144.65; the initial support level is located at 143.10. (FXStreet)

USD/CAD takes offers to refresh intraday low, printing the biggest daily loss, so far, in more than a week. Oil price cheers cautious optimism, softer US Dollar and technical breakout to stay firmer around YTD top. US Dollar fails to justify trade war fears as markets brace for US CPI with eyes on Fed policy pivot. (FXStreet)

NZD/USD clings to mild gains as Kiwi traders brace for US CPI after RBNZ inflation expectations favored buyers. Cautious optimism, US Dollar inaction allow Kiwi pair to consolidate recent losses. Downbeat US inflation can confirm Fed policy pivot and weigh on NZD/USD ahead of next week’s RBNZ. (FXStreet)

AUD/USD regains some positive traction on Thursday, albeit lacks follow-through. China’s economic woes hold back bulls from placing fresh bets around the major. Bets for more Fed rate hikes underpin the USD and contribute to capping the upside. Traders might also prefer to wait on the sidelines ahead of the crucial US CPI report. (FXStreet)

USD/CHF seesaws around weekly top amid pre-CPI inaction, prints the first daily loss in four. US Dollar pares weekly gains as market sentiment improves despite mixed updates from US, China. US inflation eyed for clear directions as market players heavily bet on Fed policy pivot. (FXStreet)

USD/INR meets with a fresh supply on Thursday, though lacks follow-through. The RBI’s decision to maintain the status quo do little to provide any impetus. Traders keenly await the release of the latest US consumer inflation figures. (FXStreet)

GBP/JPY gains strong follow-through traction on Thursday and climbs to over a one-month top. The BoJ’s dovish stance, along with a positive risk tone, weigh on the JPY and remain supportive. The BoE’s hawkish guidance offset a bleak economic outlook and underpins the British Pound. (FXStreet)

EUR/JPY marches to the highest level since September 2008. Clear upside break of five-week-old falling resistance, absence of overbought RSI and bullish MACD signal together favor bulls. Ascending trend line from March, 21-DMA restrict short-term downside. (FXStreet)

WTI now looks at $90.00 and beyond. Prices of WTI continued its march north on Wednesday and reached new yearly highs past the $84.00 mark per barrel. The uptick was on the back of increasing open interest and volume, which is indicative that further gains appear in store in the very near term. Against that, the next target for the commodity emerges at the key $90.00 per barrel ahead of the November 2022 high of $93.73 (November 7). (FXStreet)

Gold price extended its weekly slide and dropped below $1,920 for the first time since July 11 on Wednesday. XAU/USD stays relatively quiet early Thursday and fluctuates slightly below that level. (FXStreet)

Silver attracts some buying on Thursday and snaps a three-day losing streak to a one-month low. The technical setup still seems tilted in favour of bears and supports prospects for further losses. A move beyond the $23.20-$23.30 confluence support breakpoint might negate the bearish bias. (FXStreet)

Natural Gas meets resistance near $3.00. Prices of natural gas rose markedly and briefly surpassed the key $3.00 mark per MMBtu on Wednesday. The pronounced uptick, however, was amidst shrinking open interest, which also imposes a pause in the recent acute rebound, although the strong build in volume does not exclude another spike above the key $3.00 hurdle in the very near term. (FXStreet)

On the daily charts, despite the recent softness, BTC/USD has managed to hold quite strong support around 28500, roughly coinciding with the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts. Importantly, the fall in realized volatility hasn’t altered the higher-top-higher-bottom sequence established late last year, suggesting the interim trend remains up. Only a break below the June low of 24750 would trigger a reassessment of the overall bullish bias. (DailyFX)

After the sharp rise from the end of June, ETH/USD’s uptrend appears to have stalled. The recent minor retreat has brought ETH/USD toward strong converged support, including the 200-day moving average, and the 89-day moving average. Importantly, it holds above major support at the June low of 1620. The interim bias (from the end of 2022) remains up while this support is intact. On the upside, the May and July highs of 2020-2030 are crucial barriers. (DailyFX)

Source: FXStreet, DailyFX

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