The index alternates gains with losses around 100.30. US yields attempt a modest recovery so far on Thursday. Weekly Claims, Philly Fed Index take centre stage later in the docket. The greenback bounces off earlier lows near the 100.00 region when gauged by the USD Index (DXY) on Thursday. (FXStreet)

USD/CAD drifts lower for the fourth straight day and drops to a fresh weekly low on Thursday. A modest intraday USD downtick turns out to be a key factor exerting pressure on the major. Subdued Crude Oil prices do little to influence the Loonie or provide any impetus to the pair. (FXStreet)

USD/JPY bounces off intraday low to reverse the first daily loss in three. Japan government cuts economic forecasts, PM Kishida advocates sustained exit from deflation. Mixed concerns about Fed, unimpressive yields prod Yen pair buyers. Japan Trade Balance improves in June, mid-tier US data eyed for fresh impulse. (FXStreet)

GBP/USD loses ground around 1.2920, declining for the fifth consecutive day. UK’s June CPI, renewed USD demand exert pressure on the pair. Investors will watch the US Unemployment Claims and the UK Retail Sales for fresh impetus. (FXStreet)

EUR/JPY oscillates in a narrow band above the 156.00 area. Markets have priced in a 25 basis point (bps) hike for the next ECB meeting, Japan's trade balance surprised with its first surplus since July 2021. (FXStreet)

USD/CHF remains on the back foot at the lowest levels since January 2015 marked on Tuesday. Swiss trade surplus widens more than expected in June, Exports, Imports US Dollar drops on market’s reassessment of Fed bets amid mostly downbeat data. Risk catalysts eyed ahead of next week’s all-important FOMC. (FXStreet)

EUR/GBP prints five-day winning streak despite retreat from two-month high the previous day. Clear break of multi-day-old resistance line, bullish MACD signals favor pair buyers. Nearly overbought RSI highlights 200-EMA, six-month-old horizontal area the key hurdles toward the north. (FXStreet)

EUR/USD prints the first daily gains in three, grinds near intraday high of late. US Dollar retreats amid mixed markets, braces for next week’s FOMC. Talks about easing Eurozone inflation, downbeat employment prod Euro bulls. Preliminary readings of EU Consumer Confidence for July, mid-tier US employment, housing clues eyed for intraday directions. (FXStreet)

GBP/JPY drifts lower for the fourth straight day and is pressured by a combination of factors. The softer UK CPI undermines the GBP while reviving safe-haven demand benefits the JPY. The BoJ-BoE policy divergence warrants some caution before positioning for further losses. (FXStreet)

AUD/USD gains strong positive traction on Thursday and snaps a four-day losing streak. The upbeat Australian jobs data provides a goodish lift amid a modest USD downtick. China’s economic woes, US-China tensions and geopolitical risks could cap the upside. (FXStreet)

Wednesday’s downtick in prices of WTI was in tandem with decreasing open interest and volume, exposing further recovery in the very near term. Against that, the immediate hurdle for the commodity remains at the July high past the $77.00 mark per barrel, an area that appears reinforced by the 200-day SMA. (FXStreet)

Prices of natural gas retreated modestly on Wednesday. This daily pullback was amidst shrinking open interest and volume and leaves the door open to the continuation of the rebound in the very near term. In the meantime, prices of the commodity appear so far supported by the July low around the $2.50 zone per MMBtu. (FXStreet)

Silver struggles to preserve its intraday gains to over a two-month high touched this Thursday. The technical setup remains tilted in favour of bulls and supports prospects for further upside. A convincing break below the $23.00 mark is needed to negate the near-term positive outlook. (FXStreet)

Source: FXStreet, DailyFX

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