FxAnalysis

Nvidia stock is set to open higher after a 4% jump, with traders eyeing a breakout above $185 while dips remain attractive buying opportunities.

The EUR/USD pair traded with a soft tone throughout the first half of the day, holding below the 1.1700 mark ahead of critical first-tier events. The first one was the European Central Bank (ECB) monetary policy decision. As widely anticipated, the central bank left interest rates unchanged.

After closing the day virtually unchanged on Wednesday, GBP/USD stays on the back foot early Thursday and trades in negative territory at around 1.3500. The pair faces a critical support level at 1.3470 as investors refrain from taking large positions ahead of August inflation data from the US.

The USD/JPY pair attracts some buying during the early European session on Thursday and builds on this week’s rebound from the 146.30 area, or the vicinity of the August monthly swing low.

EUR/USD holds steady at around 1.1700 in the European session after posting losses for the second consecutive day on Wednesday. The European Central Bank’s (ECB) monetary policy announcements and August inflation data from the US could ramp up the pair’s volatility in the second half of the day.

Gold is treading water near $3,650 early Thursday, lacking a clear directional impetus heading into the US Consumer Price Index (CPI) inflation test.