US Pre Market Open: Moving stop on EUR/USD and GBP/NZD, new entry on EUR/CAD and NZD/JPY

AUD/USD consolidates the previous day's retracement slide from a 15-month top and reacts little to the Australian trade data, which showed that surplus narrowed from A$4.35 billion to A$2.4 billion in November. A slight deterioration in risk sentiment assists the safe-haven US Dollar in preserving its weekly gains and acts as a headwind for the risk-sensitive Aussie. However, the divergent Fed-RBA expectations might continue to act as a tailwind for the currency pair ahead of the US NFP report on Friday.

The USD/JPY pair posts modest gains around 156.70 during the early Asian session on Thursday. The Japanese Yen softens against the US Dollar as demand for safe-haven assets cools after geopolitical tensions. Traders will keep an eye on the US Initial Jobless Claims data later on Thursday. On Friday, the US December employment report will be in the spotlight. 

Gold is nursing losses near $4,450 in Asian trading on Thursday, having suffered about a 1% correction from weekly highs of $4,500 on Wednesday. All eyes remain on the geopolitical developments and the incoming US jobless claims data for fresh trading directives.

Pump.fun, Story, and Pudgy Penguins experience intense selling pressure over the last 24 hours. PUMP and IP failed to cross the 50-day Exponential Moving Average, resulting in a pullback on Wednesday, while PENGU is testing its 50-day EMA.

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The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year.