EUR/USD is trading above 1.22 but off the highs. US Durable Goods Orders jumped by 3.4% in January, better than expected, and jobless claims surprised with a fall to 730K. Q4 GDP upgraded to 4.1%, as expected. The dollar is down despite falling stocks and rising US yields.
USD/JPY continued gaining traction for the third straight session on Thursday. The formation of an ascending channel supports prospects for additional gains. Bulls seem poised to challenge channel resistance near the 106.70-75 region.
Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary (or WTI), bounced off the $63.00 level in recent trade but remain below session (and cycle) highs in the $63.70s set earlier during the European trading session. At present, WTI trades very modest in the green at around $63.25.