Global markets traded with a risk-on tone as easing Middle East tensions and weaker U.S. labor data reduced expectations for aggressive Federal Reserve tightening.
Lower oil prices supported gains in gold, silver, and major currencies, while investors looked ahead to the U.S. nonfarm payrolls report for fresh clues on the Fed's next policy move. Markets also continued to monitor developments surrounding the Strait of Hormuz and global central bank expectations.
| Time | Cur. | Event | Forecast | Previous |
| 08:00 | EUR | ECB Economic Bulletin | ||
| 08:30 | GBP | S&P Global Construction PMI | 40.0 | 38.4 |
| 12:30 | USD | Initial Jobless Claims | 203K | 197K |
| 20:30 | USD | Fed's Balance Sheet |
EUR/USD traded near 1.1555, maintaining upward momentum with potential to break above 1.1600 as U.S. labor market concerns mount. ADP private payrolls added just 44K jobs in July, missing the 70K forecast. Traders now turn to Eurozone retail sales data and the upcoming U.S. Nonfarm Payrolls report for the next directional trigger.
The first resistance is positioned at 1.1560 while the support starts from 1.1510.
| R1: 1.1560 | S1: 1.1510 |
| R2: 1.1580 | S2: 1.1470 |
| R3: 1.1610 | S3: 1.1420 |
Gold climbed toward $4,300 per ounce on Thursday, stretching its winning streak to a fourth straight session and gaining nearly 6% on the week. An agreement between Iran and Oman to open a shipping corridor through the Strait of Hormuz has pulled crude prices lower, tempering energy-driven inflation fears. Now, investors scaled back aggressive interest rate expectations, with markets now pricing just one additional Federal Reserve rate hike by year end.
First resistance is seen at $4330, with initial support near $4250.
| R1: 4330 | S1: 4250 |
| R2: 4380 | S2: 4220 |
| R3: 4440 | S3: 4180 |
The Japanese Yen traded near 157.6 per dollar on Thursday, taking a breather after securing a three-day rally of nearly 5%. The rebound followed historic, coordinated yen-buying operations between Tokyo and Washington, with both nations signaling readiness for further joint intervention if necessary. Bank of Japan data revealed official spending reached approximately ¥5.33 trillion on Friday, following a record ¥8.45 trillion deployment the preceding day.
Initial resistance stands at 158.60, while the first support is at 157,00.
| R1: 158.60 | S1: 157.00 |
| R2: 160.00 | S2: 155.80 |
| R3: 162.10 | S3: 153.50 |
The British Pound climbed past $1.345 as improving global risk appetite supported risk-sensitive currencies. Optimism built following President Donald Trump's comments regarding promising discussions between the U.S. and Iran to conclude their five-month conflict. With hopes growing for an agreement to fully reopen the Strait of Hormuz and restore Middle East energy supplies, crude oil prices dropped roughly 10% on the week, easing inflationary pressures.
From a technical view, resistance stands near 1.3500, with support around 1.3360.
| R1: 1.3500 | S1: 1.3360 |
| R2: 1.3540 | S2: 1.3300 |
| R3: 1.3600 | S3: 1.3240 |
Silver remained above $62 per ounce on Thursday, holding gains after three consecutive green sessions. A landmark agreement between Iran and Oman to establish a shipping corridor through the Strait of Hormuz raised expectations for restored Middle East energy flows. Falling crude oil prices eased broader inflation concerns, lessening market pressure regarding aggressive future interest rate hikes.
From a technical view, resistance stands near $63.50, while support is located around $62.00.
| R1: 63.50 | S1: 62.00 |
| R2: 65.00 | S2: 60.00 |
| R3: 65.80 | S3: 58.70 |
Global markets traded with a cautious risk-on tone as easing geopolitical tensions and lower oil prices improved investor sentiment.
Global markets remained cautious as investors balanced expectations for the Federal Reserve's next policy move with ongoing diplomatic efforts between the U.S. and Iran.
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