United States Chicago Purchasing Managers' Index registered at 47.4 above expectations (40) in June

EUR/USD is holding its ground above 1.1700 the figure on Thursday, reversing Wednesday’s modest pullback. The pair is finding some support from an improved market mood, helped by easing EU–US trade tensions, while investors keep assessing the latest round of US data releases.

GBP/USD alternates gains with losses in a tight range in the low-1.3400s on Thursday, while market participants continue to evaluate the latest UK inflation data. Meanwhile, occasional downside pressure on Cable should be limited by the ongoing downward bias in the Greenback.

Gold is steadying above $4,800 early Thursday after taking a sharp hit during the Asian session. Global risk appetite has improved noticeably after President Trump reversed course on Greenland and geopolitical tensions eased, a shift in mood that is limiting the upside in thenp precious metal.

Bitcoin rises marginally above $90,000, but intense ETF selling pressure continues to weigh on the asset. Ethereum trades around $3,000 amid broader crypto market volatility and waning institutional interest. XRP ticks up for the second consecutive day despite subdued retail demand.

What began as a sharp escalation risk quickly turned into a de-escalation signal. Earlier this week, markets briefly priced in escalation risk after Donald J. Trump proposed a 10% tariff hike on eight NATO nations amid the Greenland dispute.

Axie Infinity (AXS) extends its gains by 8%, trading above $2.56 at the time of writing on Thursday, after rallying over 37% this week. The bullish price action is further strengthened by rising whale accumulation volume.