FxAnalysis

USD/INR surged on Thursday as shifting bond market expectations fueled dollar strength, with the Fed’s rate cut and T-bill purchases contrasting India’s anticipated bond buying.

EUR/JPY recovered from early losses on Thursday, with the euro supported by higher interest rates and expectations of continued BOJ bond buying.

USD/CAD failed to hold gains above 1.38 as resistance pushed the pair lower, with Fed bond purchases and narrowing rate differentials adding pressure.

Bitcoin remains under pressure following the Fed’s rate cut, with conflicting technical patterns adding to market indecision.

Natural gas fell over 8% on Thursday after inventory data revealed storage levels 3% above the 5-year average, sparking a steep sell-off.

Gold is consolidating just below the seven-week highs of $4,286 early Friday, eyeing a roughly 2% weekly gain.