FxWirePro: EUR/ NZD gains some upside momentum but still bearish 
Market Roundup
•US Philadelphia Fed Manufacturing Index (May): -0.4, 17.6 forecast, 26.7 previous.
•US Initial Jobless Claims (May): 209K, 210K forecast, 212K previous.
•US Philly Fed Employment (May): -2.8, -5.1 previous.
•US Building Permits (Apr): 1.442M, 1.380M forecast, 1.363M previous.
•US Housing Starts (Apr): 1.465M, 1.420M forecast, 1.507M previous.
•US Housing Starts (MoM) (Apr): -2.8%, 12.0% previous.
•US Continuing Jobless Claims: 1,782K, 1,790K forecast, 1,776K previous.
•US Philly Fed Business Conditions (May): 53.2, 40.8 previous.
•US Philly Fed New Orders (May): -1.7, 33.0 previous.
•US Philly Fed Prices Paid (May): 47.90, 59.30 previous.
•US Philly Fed CAPEX Index (May): 30.90, 35.20 previous.
•US Building Permits (MoM) (Apr): 5.8%, -11.5% previous.
•US Jobless Claims 4-Week Avg.: 202.50K, 204.00K previous.
•US S&P Global Manufacturing PMI (May): 55.3, 53.8 forecast, 54.5 previous.
•US S&P Global Services PMI (May): 50.9, 51.1 forecast, 51.0 previous.
•US S&P Global Composite PMI (May): 51.7, 51.7 previous.
•US Atlanta Fed GDPNow (Q2): 4.3%, 4.0% forecast, 4.0% previous.
•EU Consumer Confidence (May): -19.0, -21.0 forecast, -20.6 previous.
•US Natural Gas Storage: 101B, 96B forecast, 85B previous.
•US KC Fed Manufacturing Index (May): 9, 10 previous.
•Japan National Core CPI (YoY) (Apr): 1.4%, 1.7% forecast, 1.8% previous.
•Japan National CPI (MoM) (Apr): 0.1%, 0.4% previous.
•Japan CPI, n.s.a (MoM) (Apr): 0.3%, 0.4% previous.
•Japan National CPI (YoY) (Apr): 1.4%, 1.5% previous.
Looking Ahead Economic Data (GMT)
• No data ahead
Looking Ahead Events And Other Releases (GMT)
• No events Ahead
Currency Summaries
EUR/USD : The euro edged lower on Thursday as traders weighed the likelihood of a near-term deal to end the Middle East war.President Donald Trump said the U.S. will eventually recover Iran's stockpile of highly enriched uranium, which Washington believes is destined for a nuclear weapon, though Tehran says it is intended purely for peaceful purposes. Prolonged energy disruptions as the war drags on threaten to feed through to core U.S. consumer prices and inflation expectations, potentially pushing the Federal Reserve toward rate hikes. That has boosted the dollar, which is correlated to Treasury yields and also benefits from a safe-haven bid.Economic activity in the euro zone shrank at its sharpest rate in more than 2-1/2 years in May, as a war-driven surge in living costs hammered demand for services and firms accelerated layoffs . Immediate resistance can be seen at 1.1661(Daily high), an upside break can trigger rise towards 1.1705(SMA 20).On the downside, immediate support is seen at 1.1581(23.6%fib), a break below could take the pair towards 1.1526(April 7th low).
GBP/USD: Sterling eased on Thursday as traders digested some worse-than-expected surveys of British business activity. A survey on Thursday showed British companies suffering their most widespread drop in activity in more than a year due to the economic fallout from the Iran war and political uncertainty at home.Data company S&P Global's preliminary UK Composite Purchasing Managers' Index for May tumbled to 48.5, from 52.6 in April, its first sub-50.0 reading since April 2025 and far below the 51.6 median in a Reuters poll. A PMI below 50.0 indicates slowing activity.The figure overshadowed recent positive British data reads, including strong Q1 GDP figures last week and inflation figures on Wednesday.April's CPI figures on Wednesday showed inflation came in at 2.8% in April, down from 3.3% in March and below economists' expectations for a 3% reading. Immediate resistance can be seen at 1.3414(Daily high), an upside break can trigger rise towards 1.3475(38.2%fib).On the downside, immediate support is seen at 1.3321(38.2%fib), a break below could take the pair towards 1.3154(23.6%fib).
USD/CAD: The Canadian dollar weakened to a five-week low against its U.S. counterpart on Thursday as hopes receded of a swift end to the war in the Middle East and after a domestic measure of small business optimism dropped to a one-year low. The Canadian Federation of Independent Business said its Business Barometer long-term index, which is based on 12-month forward expectations for business performance, fell to 46.3 in May from 58.0 in April, marking its lowest level since May last year.Canadian retail sales data for March, due on Friday, could offer more clues on the state of the domestic economy which has been buffeted by trade uncertainty and a housing market downturn. Economists expect a gain of 0.6% after sales rose 0.7% in February. The loonie was trading 0.2% lower at 1.3775 per U.S. dollar. Immediate resistance can be seen at 1.3786(50%fib), an upside break can trigger rise towards 1.3805(Higher BB).On the downside, immediate support is seen at 1.3737(Daily low), a break below could take the pair towards 1.3714(61.8%fib)
USD/JPY: The U.S. dollar edge higher on Thursday but gains were limited as investors were cautious of possible Japanese intervention to support the yen. Markets remain cautious about the possibility of Japanese Ministry of Finance intervention should the pair push sharply higher again. However, dip-buying demand continues to emerge amid hopes for easing tensions in the Middle East, contributing to softer crude oil prices, though traders remain unconvinced that a lasting resolution is close.On the data front, Japanese exports rose for an eighth consecutive month in April, beating market forecasts as resilient global demand helped offset major supply disruptions caused by the U.S.-Israeli conflict with Iran.Separate data showed, Japan’s manufacturing activity slowed slightly in May, while service sector growth stalled for the first time in over a year, as rising costs linked to the Middle East conflict hurt business confidence, a survey showed on Thursday. Immediate resistance can be seen at 159.08(38.2%fib) an upside break can trigger rise towards 159.00(Psychological level) .On the downside, immediate support is seen at 158.23(SMA 20) a break below could take the pair towards 157.78(50%fib ).
Equities Recap
European shares finished flat on Thursday, pausing after the previous session’s strong gains as investors awaited developments in U.S.-Iran peace talks.
UK's benchmark FTSE 100 closed up by 0.11 percent, Germany's Dax ended down by 0.53 percent, France’s CAC finished the day down by 0.39 percent.
Wall Street’s three main indexes ended slightly higher on Thursday, recovering from a choppy session as oil prices eased and investors reacted to shifting headlines around U.S.-Iran peace talks.
Dow Jones closed up by 0.55 percent, S&P 500 closed up by 0.17 percent, Nasdaq settled up by 0.09 percent.
Commodities Recap
Oil prices fell on Thursday as investors weighed the likelihood of progress in talks between the United States and Iran to end their war.
U.S. crude fell $1.91 to settle at $96.35. Brent declined $2.44 to settle at $102.58.
Gold prices steadied on Thursday after an earlier drop of about 1%, as easing oil prices and a softer U.S. dollar helped support bullion amid ongoing uncertainty over the U.S.-Israeli war with Iran.
Spot gold was up 0.1% at $4,547.54 per ounce as of 02:04 a.m. ET (1804 GMT), after falling as much as 1% earlier in the session.U.S. gold futures for June delivery settled 0.1% lower at $4,542.
