The Euro appears mildly bid against the US Dollar. Stocks in Europe opened Thursday’s session mostly in the red. EUR/USD continues to trade in a consolidative mood this week. The USD Index (DXY) has met decent resistance around 105.00. The ECB is seen keeping interest rates steady. US Producer Prices and Retail Sales take centre stage across the Atlantic. (FXStreet)

USD/JPY meets with some supply on Thursday and is pressured by a combination of factors. Bets that the BoJ will end its negative interest rate policy lift the JPY and weigh on the major. A modest USD downtick contributes to the fall, though the 147.00 mark helps limit losses. (FXStreet)

USD/CAD holds ground below 1.3550 ahead of the US data. MACD suggests a potential momentum shift in the upward trajectory of the Loonie pair. 1.3500 psychological level emerges as the immediate support, following the 38.2% Fibonacci retracement. (FXStreet)

AUD/USD trades near 0.6435, holds above the 50- and 100-hour EMAs. The immediate resistance level for AUD/USD is seen at the 0.6445-0.6455 zone; 0.6418 acts as an initial support level. Relative Strength Index (RSI) stands in bullish territory above 50. (FXStreet)

GBP/USD oscillates around the 1.2485- 1.2505 region in a narrow trading band. UK Unemployment Rate rose by 4.3% vs. 4.2% prior; the growth number shrank 0.5% MoM in July vs. 0.5% expansion in June. US Consumer Price Index (CPI) climbed 0.6% MoM from 0.2% in the previous reading. Market players await the US weekly Initial Jobless Claims, Producer Price Index (PPI), Retail Sales due on Wednesday. (FXStreet)

NZD/USD’s fall in August below key support at the August low of 0.5985 keeps the medium-term term bias down even as it tries to hold above the lower edge of a downtrend channel since early 2023. This follows a failed attempt in July to clear past stiff resistance at the April high of 0.6375, coinciding with the 89-week moving average. (DailyFX)

USD/CHF posts modest losses near 0.8930 amid the weaker USD. US Consumer Price Index (CPI) rose 0.6% MoM from 0.2% in July, the highest monthly gain in 14 months. Markets believe that interest rates will remain unchanged at next week's FOMC meeting. Swiss Producer and Import Prices (Aug) will be due on Wednesday ahead of the US Initial Jobless Claims, Retail Sales data. (FXStreet)

USD/RUB gains ground near 96.60 amid the weaker USD. Russia's economic development ministry has revised its inflation projection for this year from 5.3% to 7.5%. The Bank of Russia's interest rate decision will be in the spotlight on Friday. (FXStreet)

EUR/GBP trades higher ahead of the ECB interest rate decision. Differing views among analysts underscore the prevailing uncertainty surrounding the ECB's decision. BoE Governor Andrew Bailey's recent remarks could provide support for the undermining of the British Pound (GBP). (FXStreet)

GBP/JPY meets with a fresh supply and snaps a two-day winning streak to the weekly high. Bets that the BoJ will drop its negative interest rate policy boost the JPY and exert pressure. Speculations that the BoE is nearing the end of its rate-hiking cycle contribute to the decline. (FXStreet)

EUR/JPY attracts some dip-buying on Thursday, albeit lacks strong follow-through. Bets that the BoJ will end its ultra-easy monetary policy lift the JPY and cap gains. Traders keenly await the pivotal ECB rate decision before placing directional bets. (FXStreet)

AUD/JPY trades in positive territory for four straight days on Thursday. The immediate resistance level for AUD/JPY emerges at 94.82; the initial support level is seen at 94.40. Relative Strength Index (RSI) holds above 50 in the bullish territory. (FXStreet)

USD/INR edges higher on Thursday, albeit remains confined in a three-day-old trading band.The constructive technical setup favours bullish traders and supports prospects for further gains. A convincing break below the 100/200-day SMAs confluence will negate the positive outlook. (FXStreet)

USD/MXN trades lower after the release of US CPI data on Wednesday. US Dollar (USD) experienced downward pressure following the market sentiment of no interest rate hike by the Fed in September. Core PPI and Retail Sales will be eyed, seeking further cues on economic activities in the US. (FXStreet)

WTI prices hold ground around $88.25 amid the unexpected surge in US inventories and stronger USD. US crude oil inventories rose by nearly 4M barrels for the week ending September, the first rise in five weeks. A tighter supply by voluntary oil production cuts by Saudi Arabia and Russia might lift WTI prices. (FXStreet)

Gold price holds ground above $1,900, snapping a losing streak. CME FedWatch Tool indicates the interest rates to remain within the range of 5.25% to 5.50% in the Fed's September meeting. Fed dovish sentiment is weakening the Greenback. (FXStreet)

Silver gains some positive traction on Thursday, albeit lacks bullish conviction. The overnight breakdown through a multi-day-old trading range favours bears. Momentum back above the $23.00 mark could be seen as a selling opportunity. (FXStreet)

Source: FXStreet, DailyFX

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