EUR/USD: attempts for a range break around 1.0600 ahead of US NFP and Eurozone Inflation
The pair is attempting to deliver a breakout of its consolidation range in the Asian session formed above the round-level support of 1.0600. The major currency pair is likely to remain in the bullish trajectory amid the risk-on market mood.

GBP/USD: Upside looks favored amid inventory accumulation around 1.2050
The Cable is displaying a sideways auction ahead of US Employment data. Investors’ risk appetite has trimmed as S&P500 futures are facing immense heat. The RSI (14) has slipped into the 40.00-60.00 range, which indicates a consolidation ahead.

USD/JPY: aims to resume upside journey from 132.00 as BOJ favors further policy easing
The pair has corrected gradually to near the critical support of 132.00 in the early Asian session. The asset has witnessed weak selling pressure after a bumper rally to near 132.70. The major might resume its upside journey despite the risk-on market mood as BOJ has favored further policy easing to push wages higher.

AUD/USD: attacks 0.6800 as markets turn cautious

AUD/USD: is trading near 0.6800, breaking its consolidative mode to the downside in Asia this Thursday. A minor bounce in the US Dollar amid a cautious market mood is weighing on the Aussie pair, despite the upbeat Chinese Caixin Services PMI. US ADP coming up next.

NZD/USD : needs to trespass 0.6350 for a bullish trend
The pair is displaying back-and-forth moves around 0.6300 in the early Tokyo session. Earlier, the Kiwi asset attracted offers after failing to reclaim the critical hurdle of 0.6350. The New Zealand Dollar is expected to regain strength as the market mood has turned cheerful. Investors dumped the risk-aversion theme amid expectations of a further slowdown in the inflationary pressures in the United States.

USD/CAD: declines towards 1.3450 amid upbeat market mood, US/Canada Employment eyed
The pair has surrendered the crucial support of 1.3486 in the Asian session after a vertical sell-off from above 1.3650 on Wednesday. The downside pressure in the Loonie asset is bolstering the expression of extension in the south-side journey towards 1.3450 ahead. The US Dollar witnessed a steep fall following the footprints of weaker US Treasury yields.

XAU/USD: Gold bulls keep sight on $1,865 ahead of US jobs data
Gold price is looking to build on the previous rally above $1,850, as bulls gather pace for the next push higher. The bright metal is struggling to find fresh demand, as investors turn cautious and flock to safety in the US Dollar.

OIL: WTI rebound from $73.00, downside looks likely as weak US PMI triggers recession fears
West Texas Intermediate (WTI), futures on NYMEX, have picked some bids in the Asian session after crashing to near $73.00. The rebound move seems less confident for now as oil prices witnessed carnage on Wednesday led by a consecutive drop in United States Manufacturing PMI data reported by the (ISM) department.