First Light News: Ceasefire Hopes, Fed Hawks & an AI Giant That Cannot Impress.The April Fed minutes landed yesterday, and the most obvious takeaway is that the central bank has shifted to a more hawkish stance.

Germany's flash Manufacturing PMI unexpectedly declines to 49.9 vs. 51.0 estimates.Germany's flash Manufacturing PMI unexpectedly declines to 49.9 vs. 51.0 estimates

Japanese Yen: BoJ hike risks rise with cost pressures – Danske Bank.Japanese Yen: BoJ hike risks rise with cost pressures – Danske Bank

Germany HCOB Composite PMI came in at 48.6, above expectations (48.4) in May.Germany HCOB Composite PMI came in at 48.6, above expectations (48.4) in May

Euro and Sterling Strengthen After Volatile Support Tests.EUR/USD and GBP/USD have moved into recovery mode following a sharp test of key support levels, although the market remains cautious ahead of the release of important macroeconomic data from the US, the eurozone and the UK. Earlier this week, the European currencies came under pressure: GBP/USD fell towards the 1.3300 area, while EUR/USD tested support at 1.1600.

Oil: Conflict risk keeps prices elevated – Commerzbank.Oil: Conflict risk keeps prices elevated – Commerzbank

Swiss Franc remains steady, despite downbeat Industrial Production figures.Swiss Franc remains steady, despite downbeat Industrial Production figures

USD/JPY Price Forecast: Remains close to 159.00, descending channel top.USD/JPY Price Forecast: Remains close to 159.00, descending channel top

Euro trades cautiously against British Pound ahead of EU-UK flash PMI data.Euro trades cautiously against British Pound ahead of EU-UK flash PMI data

Canadian Dollar weakens to near 1.3750 on softer Canadian CPI, US-Iran diplomatic hopes.Canadian Dollar weakens to near 1.3750 on softer Canadian CPI, US-Iran diplomatic hopes

Natural Gas News: Weather and Inventory Report Put Gas Market on Edge.Natural gas futures retreat as traders await a key inventory report while weaker demand forecasts and strong supply pressure prices lower.

Switzerland Industrial Production (YoY) below forecasts (0.5%) in 1Q: Actual (-7.1%).Switzerland Industrial Production (YoY) below forecasts (0.5%) in 1Q: Actual (-7.1%)

BoJ's Koeda Says Oil-Driven Inflation Risks Could Justify Further Rate Hikes.Bank of Japan board member Junko Koeda said on Thursday that persistent inflation pressures linked to the Middle East conflict could justify further interest rate hikes, adding to a growing chorus of hawkish voices inside the central bank. Speaking in Fukuoka, Koeda said there was “some possibility that underlying inflation may exceed 2% looking ahead” as elevated oil prices continue feeding through the economy.

WTI edges lower below $98.50 on US-Iran deal optimism.WTI edges lower below $98.50 on US-Iran deal optimism

Pound-to-Euro Forecast: GBP Flat despite Softer UK Inflation.The Pound to Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday as investors largely shrugged off a sharper-than-expected slowdown in UK inflation while the Euro lacked strong directional momentum. At the time of writing, GBP/EUR was trading around €1.1542, broadly unchanged on the session.

Indian Rupee bounces back due to RBI's intervention, sharp correction in oil prices.Indian Rupee bounces back due to RBI's intervention, sharp correction in oil prices

India HSBC Manufacturing PMI dipped from previous 54.7 to 54.3 in May.India HSBC Manufacturing PMI dipped from previous 54.7 to 54.3 in May

India HSBC Services PMI climbed from previous 58.8 to 58.9 in May.India HSBC Services PMI climbed from previous 58.8 to 58.9 in May

ECB's Rehn: Raising rates may be needed in adverse scenario to maintain credibility.ECB's Rehn: Raising rates may be needed in adverse scenario to maintain credibility

ECB's Rehn sees few signs yet of high inflation taking root.The European Central Bank may raise interest rates to preserve credibility in the face of a war-driven rise in fuel costs but there is little to suggest yet that high inflation is taking root ​in the euro area, ECB policymaker Olli Rehn said in an interview.

EUR/JPY Price Forecast: Flatlines with neutral technical outlook as traders eye intervention risks.EUR/JPY Price Forecast: Flatlines with neutral technical outlook as traders eye intervention risks

Oil Price Forecast: WTI and Brent Set Up for the Next Breakout.Oil prices rebound as Hormuz supply risks, falling U.S. inventories and bullish technical patterns keep WTI and Brent supported despite short-term corrections.

India's central bank revives aggressive pre-market intervention to arrest rupee's slide, bankers say.The Reserve Bank ​of India reverted to its familiar intervention strategy on Thursday, deploying heavy dollar sales ‌via state-run banks before market open to halt a persistent slide in the rupee after a string of all-time lows, three bankers said.

Netherlands, The Consumer Confidence Adj: -46 (May) vs previous -44.Netherlands, The Consumer Confidence Adj: -46 (May) vs previous -44

Swiss Franc declines as US Dollar advances on US-Iran uncertainty.Swiss Franc declines as US Dollar advances on US-Iran uncertainty

India considers options, including rate hike, as rupee slumps, Bloomberg News reports.The Reserve Bank of ​India (RBI) is considering ‌all its available options to stabilize ​the rupee, ​including an interest rate ⁠hike, Bloomberg ​News reported on ​Thursday, citing people familiar with the matter.

investingLive Asia-Pacific FX news wrap: Australian unemployment rate jump, AUD lower.The Asia-Pacific session on Thursday was a study in divergence, with a Wall Street tailwind lifting regional equities broadly even as the data flow delivered a series of uncomfortable readings for Australia and complicated the picture further for Japan's central bank.

USD/JPY Price Forecast: Trades flat near 159.00 as investors seek fresh developments on Iran war.USD/JPY Price Forecast: Trades flat near 159.00 as investors seek fresh developments on Iran war

Rupee's long losing run may halt on relief from oil, US yields.The Indian rupee is set to rise at Thursday's open, helped by a pullback in oil prices that dragged down ​U.S. Treasury yields, a pressure point on the currency in ‌recent sessions.

US Dollar Index hovers around 99.00 due to US-Iran peace hopes.US Dollar Index hovers around 99.00 due to US-Iran peace hopes