EUR/USD EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index figures for both the EU and the US on the cards. GBP/USD GBP/USD struggles to register any meaningful recovery and hangs near a one-month trough. Bets for an early rate cut by the BoE undermine the GBP and act as a headwind for the
EUR/USD EUR/USD cycled on Wednesday with US markets out for a midweek holiday, and the Fiber heads into the back half of the trading week with mid-tier data on the offering, leaving investors to look ahead to Friday’s Purchasing Managers Index (PMI) activity figures for meaningful data releases to drive sentiment in either direction. GBP/USD The GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area
EUR/USD EUR/USD trades with a mild negative bias, though the downside remains cushioned. September Fed rate cut bets keep the USD bulls on the defensive and lend support. The technical setup favors bearish traders and supports prospects for further losses. GBP/USD GBP/USD fluctuates above 1.2700 in the early European session on Wednesday. The data from the UK showed that annual inflation, as measured by the change in the Consumer Price Index, declined to 2% in May from 2.3% in April, limiting Pound
EUR/USD EUR/USD recovered to 1.0740 on Tuesday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with. GBP/USD GBP/USD halted a recent slide on Tuesday, recovering 1.2700 after bottoming out near 1.2660 last week. Broader market sentiment recovered to kick off the new week as investors shrug off cautionary tones from
EUR/USD EUR/USD is trading close to 1.0700, struggling to build on the previous bounce early Monday. European political uncertainty continues to undermine the Euro and cap the pair’s upside. The cautious mood acts as a tailwind for the USD and favors EUR/USD bearish traders. GBP/USD GBP/USD is seen consolidating its recent losses to over a one-month low touched on Friday. The Fed’s hawkish outlook continues to underpin the USD and exerts pressure on the major. The divergent Fed-BoE policy expectations could lend some support
EUR/USD EUR/USD trades on a flat note around 1.0735 during the early Friday. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June. GBP/USD The GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its neck above the previous day’s swing low. Spot prices currently hover around the
EUR/USD EUR/USD remains stable following the trimming of losses registered in the previous session. The pair trades around 1.0810 early Thursday. Eurozone Industrial Production figures for April are scheduled for Thursday, with median market forecasts anticipating a decline to 0.2% MoM. GBP/USD GBP/USD drifts lower on Thursday amid the hawkish Fed-inspired USD buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. A daily close above the 1.2800 mark will set the stage for a further appreciating move. USD/JPY The Japanese
EUR/USD EUR/USD is trading sideways below 1.0750 in Wednesday’s Asian session. Traders refrain from placing fresh bets on the pair ahead of the top-tier US CPI data and the Fed policy announcements, which could have a big impact on the US Dollar’s performance. GBP/USD GBP/USD keeps its range near 1.2750 early Wednesday, paying little heed to the mixed UK GDP and Industrial Output data. Markets turn cautious ahead of the key US inflation data and the Fed policy announcements, leaving the pair on
EUR/USD EUR/USD is looking to stabilize above 1.0750 in the Asian session on Tuesday. A pause in the US Dollar upsurge supports the pair, as markets reassess the implications of the Euro area political concerns. The pair’s upside could be limited due to the risk-off market mood. ECB-speak is in focus. GBP/USD GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom, trading around 1.2740 during the early Tuesday. USD/JPY The USD/JPY pair scales higher for
EUR/USD EUR/USD extends losses toward 1.0700 in the early European morning on Monday. Mounting uncertainty around French snap elections weighs on the Euro Meanwhile, the upbeat US NFP data tempered Fed rate cut bets, adding extra legs to the US Dollar upsurge. EU Sentix data eyed. GBP/USD GBP/USD recovers some lost ground around 1.2725 during the early Monday. The upside of GBP/USD might be limited amid the lower bets of the US Federal Reserve rate cuts this year after the stronger-than-expected US Nonfarm Payrolls data. USD/JPY The Japanese
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