Dow Jones futures rise 0.30% to near 49,950 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 advance 0.19% to near 7,480, and the Nasdaq 100 futures gain 0.41% toward 29,600.
Rabobank's Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral.
Silver price (XAG/USD) trades calmly near $87 during the European trading session on Thursday. The white metal turns sideways after failing to extend its almost two-month-long advance above $90.00 on Wednesday.
The Euro (EUR) remains practically flat around the 0.8660 area against the British Pound (GBP) on Thursday. UK Gross Domestic Product (GDP) and Manufacturing Production figures beat expectations in March, but the growing political uncertainty is keeping the pair from dropping further.
UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases.
Here is what you need to know on Thursday, May 14:
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.
Deutsche Bank analysts highlight an upbeat sentiment in Asian markets, with the KOSPI and Nikkei advancing alongside Nasdaq futures following strong tech-led gains in the US.
ING's commodities strategists Warren Patterson and Ewa Manthey highlights that Copper is trading above $14,000/t and close to record highs as supply-side risks dominate. They stress tight refined markets, low inventories outside the US, and heightened sensitivity to demand.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $96.70 during the early European trading hours on Thursday.
The Indian Rupee (INR) holds onto almost week-long losses against the US Dollar (USD) on Thursday.
The Pound (GBP) remains practically flat against the US Dollar (USD) on Thursday, trading at 1.3520 at the moment of writing, and consolidating losses after pulling back from 1.3650 highs earlier in the week.
Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.
Commerzbank strategists note that India has more than doubled tariffs on Gold and Silver to 15% to curb Dollar demand and support INR.
The Swiss Franc (CHF) trades flat against its major currency peers, wobbling around 0.7820 against the US Dollar (USD) during the European trading session on Thursday.
The UK economy expanded at a quarterly rate of 0.6% in the three months to March 2026, following a 0.1% growth in the fourth quarter of 2025 (Q4).
Gold price (XAU/USD) trades in positive territory during the early European trading hours on Thursday. The precious metal edges higher as traders await the outcome of US President Donald Trump-Chinese President Xi Jinping summit in Beijing.
UOB economists Quek Ser Leang and Lee Sue Ann notes EUR/USD remains under mild pressure after breaking below 1.1720 and touching 1.1695. While intraday conditions look oversold and suggest a 1.1700–1.1755 range, the 1–3 week view still points to a downside bias toward 1.1675.
The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.
The AUD/JPY cross trades in positive territory near 114.65 during the early European session on Thursday. Traders will closely monitor the outcome of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing later on Thursday and Friday.
Chinese President Xi Jinping said during the early European trade on Thursday that United States (US) CEOs accompanying President Donald Trump on a Beijing visit that China's door would only open wider, and that he believed US companies would have broader prospects in the country, while derivering s
The NZD/USD pair trades marginally under pressure around 0.5935 during the late Asian trading session on Thursday.
USD/CNH continues its losing streak that began on April 30, reached a 39-month low of 6.7815, and is now trading around 6.7850 during the Asian hours on Thursday. Traders adopted a cautious stance as the high-stakes summit between Presidents Donald Trump and Xi Jinping began in Beijing.
Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.
The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
EUR/USD inches higher after three days of losses, trading around 1.1710 during the Asian hours on Thursday. The daily chart technical analysis indicates a potential for a bearish reversal as the pair is positioned on the lower boundary of the ascending channel pattern.
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.
GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 98.50 during the Asian trade on Thursday.
Exclusive insights, trading signals, and real-time updates for registered users.