InterstellarFX

EUR/USD EUR/USD is under pressure below 1.0850 early Monday, dented by the French election results which suggest a hung parliament and renewed fiscal concerns. A broad US Dollar rebound also weighs on the pair. French political updates and EU Sentix data eyed.  GBP/USD GBP/USD keeps its range at around 1.2800 in early European trading on Monday. The US Dollar recovery drags the pair lower while traders remain wary after the UK elections and ahead of Powell’s testimony and US CPI data due later this

EUR/USD EUR/USD continues its winning streak for the seventh successive day, trading around 1.0820 during the Asian hours on Friday. A technical analysis of the daily chart indicates a bullish bias, with the pair oscillating within an ascending channel. GBP/USD The Pound Sterling (GBP) continues its winning streak on Friday. As UK election results are being declared, exit polls predict a landslide victory for Keir Starmer’s Labour Party, expected to win 410 seats in the 650-seat House of Commons, while the Conservatives

EUR/USD EUR/USD continues its winning streak, trading around 1.0790 during the Asian session on Thursday. This upside is attributed to a decline in the US Dollar due to the escalated speculations of the Federal Reserve reducing interest rates in 2024. GBP/USD The Pound Sterling extends its winning streak, which began on June 27. The GBP/USD pair trades around 1.2740 during the Asian session on Thursday, which could be attributed to the softer data released from the United States on Wednesday. USD/JPY The USD/JPY pair finished Wednesday’s session with minuscule

EUR/USD The EUR/USD pair consolidates gains around 1.0745 during the early European session on Wednesday. Data released on Tuesday showed that the annual inflation rate in the Eurozone cooled down in June, in line with the market consensus.  GBP/USD GBP/USD lacks firm intraday direction on Wednesday amid mixed fundamental cues. August BoE rate cut bets cap the GBP ahead of the UK general elections on Thursday. Traders also seem reluctant and prefer to wait for the release of the FOMC minutes. USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD clipped into a fresh multi-week high above 1.0770 on Monday before getting forced back down by a broad-market reversal in investor sentiment. Bullish momentum was cut short after US activity figures flashed warning signs of a steepening economic downturn. Investors will be buckling down for the wait to key economic figures on both sides of the Atlantic throughout the week, culminating in a fresh print of US Nonfarm Payrolls (NFP) slated for Friday. GBP/USD The GBP/USD pair extends its sideways

EUR/USD EUR/USD extends gains above 1.0750 in European trading on Monday. The Euro gains as France’s far-right National Rally (RN) party sweeps the first round of elections. Meanwhile, the US Dollar stays offered on renewed Fed rate cut bets. Focus shifts to German inflation and US PMIs.  GBP/USD GBP/USD rises further toward 1.2700 in the European session on Monday. The US Dollar remains weighed down by dovish Fed expectations and the EUR/USD upsurge, keeping the pair underpinned ahead of the US ISM PMI data.  USD/JPY The Japanese

EUR/USD EUR/USD is back in the red below 1.0700 in the early European morning on Friday. The pair reverses the previous rebound amid resurgent US Dollar demand even as risk sentiment remains in a sweeter spot. Markets turn anxious ahead of US PCE inflation and Sunday’s French elections. GBP/USD GBP/USD attracts fresh sellers on Friday, though the downside remains cushioned. Traders now seem reluctant to place aggressive directional bets ahead of the US PCE. The technical setup suggests that the path of

EUR/USD EUR/USD recovers its losses from the previous two sessions, trading around 1.0690 during the Asian session on Thursday. A technical analysis of the daily chart indicates a bearish bias, with the pair consolidating within a descending channel. GBP/USD The GBP/USD pair attracts some buyers near the 1.2615-1.2610 area, or its lowest level since mid-May touched during the Asian session on Thursday and reverses a part of the previous day’s steep decline. Spot prices currently trade around the 1.2630 area, up less than 0.10%

EUR/USD EUR/USD is trading near 1.0700, on the back foot early Wednesday. The pair is undermined by persistent US Dollar strength on a cautious mood, hawkish Fed expectations and higher US Treasury bond yields. Mid-tier US data is next in focus.  GBP/USD GBP/USD holds below 1.2700, trading sideways for the second straight day on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election anxiety keep the pair in a familiar range. Attention turns to the mid-tier US data, as the UK calendar is data-dry.  USD/JPY The

EUR/USD EUR/USD is extending its mild recovery toward 1.0750 early Europe on Tuesday. Risk flows remain and exert additional downside pressure on the US Dollar while Euro traders reposition ahead of Sunday’s French election. Mid-tier US data and Fedspeak stay in focus. GBP/USD GBP/USD is recovering to test 1.2700 in the European morning on Tuesday. Extended US Dollar weakness due to improved market mood, aids the pair’s latest uptick. Traders look to the US sentiment data and Fed speeches for further impetus, as the UK calendar