Following the mixed cues from Wall Street overnight, Asian stock markets are also trading mixed on Thursday, as traders remain cautious ahead of the report on first quarter US GDP data that could have an impact on the outlook for interest rates. The Fed is widely expected to leave interest rates unchanged at next week's US Fed monetary policy meeting.

Indian shares look set to open lower on Thursday, tracking weak cues from global markets and ahead of the expiry of April series derivative contracts.

Giving up some of the gains in the previous three sessions, the Japanese market is sharply lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is plunging below the 37,800 level, with losses across most sectors led by exporters and technology stocks.

The Thai stock market has moved higher in three straight sessions, advancing almost 30 points or 2.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although investors may cash in on Thursday.

The Indonesia stock market has climbed higher in back-to-back sessions, improving more than 100 points or 1.4 percent along the way. The Jakarta Composite Index now sits just beneath the 7,175-point plateau and it's expected to see little movement on Thursday.

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.

WTI futures develop within a bullish channel since December ; Price retreats from a 6-month high but finds support at 50-day SMA ; Oscillators suggest intensifying positive momentum

Bitcoin dipped 0.6%; ROC signals align. Apple rose 0.8%, but stochastic signals negativity. Aussie dollar climbed 0.5%, supported by CCI. Gold fell 0.4%; stochastic RSI suggests oversold. Oil hits $100/barrel; USD index drops. Yen hits multi-year lows vs. USD, Euro.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar Pullback from Overbought Territory Boosts Appeal

Stocks feeling more positive following the US PMI miss; Busy earnings calendar as focus remains on US data prints; Dollar/yen remains a tad below 155 ahead of the BoJ meeting; Aussie benefits from stronger CPI report