InterstellarFX

EUR/USD EUR/USD is trading close to 1.0900, slightly on the front foot early Friday. The pair capitalizes on a risk-on market environment, as markets cheer Thursday’s rate cut decision by the ECB, which ramped up expectations of a Sept Fed rate cut. All eyes remain on the US NFP data.  GBP/USD GBP/USD trades around a flatline below 1.2800 in the European morning on Friday. The pair lacks a clear directional bias, as traders drift on the sidelines ahead of the all-important US Nonfarm Payrolls data.  USD/JPY The

EUR/USD The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar during the early Thursday. The European Central Bank interest rate decision and Press Conference by President Christine Lagarde will take centre stage later on Thursday.  GBP/USD GBP/USD resumes upside near 1.2790 despite the rebound of US Dollar. Traders started to price in two interest rate cuts by the Federal Reserve this year as the US economy grew at a slower pace in the first quarter than projected earlier. USD/JPY The Japanese Yen (JPY) appreciated on

EUR/USD EUR/USD is consolidating below 1.0900 early Wednesday amid a modest US Dollar uptick. Fed rate cut bets keep the US bond yields depressed, capping the pair’s downside. Wednesday’s key US data might provide some impetus ahead of the ECB on Thursday. GBP/USD The GBP/USD pair trades with a mild positive bias around the 1.2775-1.2780 area during the Asian session on Wednesday and remains well within the striking distance of its highest level since March 14 touched the previous day. USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD is trading near 1.0900, having eased from three-month highs in the European session on Tuesday. The US Dollar is attempting a recovery from weak ISM PMI-inflicted wounds, aided by a cautious mood. The focus now shifts to the US jobs data.  GBP/USD GBP/USD is battling 1.2800, struggling to capitalize on the move to a nearly three-month high early Tuesday. The pair feels the pull of gravity due to a negative shift in risk sentiment, which revives the US Dollar’s safe-haven demand ahead

EUR/USD EUR/USD is paring back gains to trade near 1.0850 in the European morning on Monday. Softer US monthly Core PCE inflation data and hotter-than-expected Eurozone HICP inflation data help the pair to stay afloat amid a better market mood. US ISM PMI holds the key.  GBP/USD The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow band, around mid-1.2700s during the Asian session. The downside, meanwhile, remains cushioned in the wake of a modest US

EUR/USD The EUR/USD pair weakens to 1.0820 during the early European trading hours on Friday. Investors prefer to wait on the sidelines ahead of the German Retail Sales and the US Core Personal Consumption Expenditures Price Index data, which are due later on Friday. GBP/USD GBP/USD edges higher near 1.2730 during the early Friday. The USD Index faces some selling pressure, and this provides some support to the major pair. Investors will closely monitor the US Core Personal Consumption Expenditures Price Index for April. USD/JPY The Japanese Yen (JPY) gained ground after the

EUR/USD EUR/USD trades on the back foot near 1.0800 in early Europe on Thursday. The pair is nursing losses, induced by sustained US Dollar strength and evaporating risk appetite. Traders look to top-tier US economic data and Fedspeak for fresh trading incentives.  GBP/USD GBP/USD is on the defensive below 1.2700 in the European morning on Thursday. A broadly stronger US Dollar amid waning Fed rate cut expectations and risk-aversion, keeps the pair undermined ahead of US data and Fedspeak.  USD/JPY The Japanese Yen (JPY) snapped recent

EUR/USD EUR/USD stays depressed near 1.0850 in the European morning on Wednesday. The pair faces challenges as the US Dollar gains further ground amidst emerging risk aversion, fuelled by reduced Fed rate cut expectations and rife Middle East tensions. German inflation data is next in focus.  GBP/USD GBP/USD trades with mild losses around 1.2760 during the Asian session on Wednesday. The modest recovery of the US Dollar and US yields amid the diminishing expectations of a rate cut by the US Federal Reserve

EUR/USD EUR/USD found little momentum on Monday, cycling near 1.0860 after US markets were dark for the holiday long weekend. Tuesday will kick off the Fiber’s trading week in earnest after German sentiment surveys hobbled the Euro on Monday. GBP/USD GBP/USD consolidates its upside around 1.2770 after reaching two-month highs during the early Tuesday. The USD Index remains under some selling pressure at around 104.60, which provides some support to the major pair. USD/JPY The Japanese Yen (JPY) continues to strengthen for the second consecutive day

EUR/USD EUR/USD is trading sideways at around 1.0850 in European trading on Monday. A lack of fresh fundamental catalysts and holiday-thinned market conditions leave the pair oscillating in a tight range.  GBP/USD GBP/USD is trading modestly flat, keeping its range near 1.2750 in the European morning on Monday. The pair is subject to thin liquidity and minimal volatility, courtesy of US and UK market holidays.  USD/JPY The Japanese Yen (JPY) halted its three-day losing streak, possibly influenced by comments from Bank of Japan (BoJ)