InterstellarFX

EUR/USD EUR/USD is battling 1.0800 in European trading on Friday. The pair stays undermined by the recent strength in the US Dollar on strong US PMI data and hawkish Fed expectations. Mid-tier US data and Fedspeak are next on tap.  GBP/USD GBP/USD trades listlessly below 1.2700 early Friday, as traders await the top-tier UK Retail Sales data for fresh trading impetus. The pair is on a corrective decline from two-month highs of 1.2761 on resurgent US Dollar demand.  USD/JPY The Japanese Yen (JPY) continued its

EUR/USD EUR/USD is on a modest recovery mode above 1.0800 in early Europe on Thursday. The pair finds support from the struggling US Dollar and US Treasury bond yields after the hawkish Fed-inspired upswing. The focus now stays on the EU and US PMI data.  GBP/USD The GBP/USD pair extends the rally near 1.2720 during the early Thursday. The uptick of the major pair is bolstered by the hotter-than-expected UK CPI inflation data, which slashed June rate cut bets from the Bank

EUR/USD EUR/USD remains stable ahead of the release of the Minutes from the Federal Open Market Committee meeting held on May 1, scheduled for Wednesday. The pair hovers around 1.0850 during the Asian trading session. GBP/USD GBP/USD remains confined in a narrow range just above 1.2700 early Wednesday. Markets await fresh impetus from the UK Consumer Price Index data, which could have a significant impact on the BoE’s rate cut outlook and the Pound Sterling.  USD/JPY The Japanese Yen (JPY) weakened following the release of Japan’s Merchandise Trade Balance

EUR/USD EUR/USD is oscillating in a tight range above 1.0850 in early Europe on Tuesday. The pair stays cautious due to risk-off sentiment and a modest US Dollar uptick, as investors weigh the ECB and Fed rate cut expectations. The focus now remains on speeches from Fed officials.  GBP/USD GBP/USD extends the rally near 1.2710 on Tuesday. Investors await fresh catalysts, with different Federal Reserve speakers set to speak later in the day. On Wednesday, the UK Consumer Price Index inflation data and FOMC Minutes will be closely

EUR/USD EUR/USD is edging higher toward 1.0900 early Monday, helped by a better market mood. The pair also draws support from softer US Dollar and US Treasury bond yields, awaiting Fedspeak amid light European trading.  GBP/USD GBP/USD extends its gains for the second consecutive session, trading around 1.2710 during the Asian hours on Monday. A weaker US Dollar supports the pair. The Pound Sterling may face a challenge as the BoE is expected to deliver 60 basis points rate cuts in 2024. USD/JPY The USD/JPY pair trades

EUR/USD EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week. The pair remains up for the trading week, but a late break for the US Dollar is on the cards as investors second-guess the Fed’s stance on rate cuts. GBP/USD The GBP/USD pair posts modest gains near 1.2670 during the early Asian session on Friday. Meanwhile, the USD Index (DXY) recovers some lost ground after retracing to multi-week lows near 104.00 in

EUR/USD EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week. Broad-market selling pressure deflated the US Dollar (USD) after risk appetite roared to the forefront after US Consumer Price Index (CPI) inflation eased more than investors expected. GBP/USD The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of

EUR/USD The EUR/USD pair trades with a bullish bias around 1.0815 during the Asian trading hours on Wednesday. Markets might turn to a cautious mood later in the day ahead of key economic data from the Eurozone and the US.  GBP/USD GBP/USD consolidates its gains around 1.2590 during the Asian session on Wednesday. The major pair holds above the key 100-day EMA but remains capped under the 1.2600 hurdle. The US CPI and Retail Sales report for April will be in the spotlight. USD/JPY The USD/JPY pair trades in positive territory for the fourth consecutive

EUR/USD EUR/USD has recovered its recent gains registered in the previous session, trading around 1.0780 during the Asian session on Tuesday. From a technical perspective, analysis indicates a sideways trend for the pair as it continues to lie within the symmetrical triangle.  GBP/USD GBP/USD hovers around 1.2560 during the Asian session on Tuesday following the improved risk appetite. The Pound Sterling received support from higher-than-anticipated UK Gross Domestic Product figures released on Friday. USD/JPY The USD/JPY pair extends the rally around 156.20 during the early Asian

EUR/USD EUR/USD trades on a softer note around 1.0770 during the Asian trading hours on Monday. Investors turn to cautious mode and prefer to wait on the sidelines ahead of the US key economic data this week. GBP/USD GBP/USD edges higher to near 1.2520 during the Asian session on Monday, possibly due to improved risk appetite. The Pound Sterling was bolstered by releasing higher-than-expected UK Gross Domestic Product figures on Friday. USD/JPY The USD/JPY pair trades on a stronger note near 155.85 during the Asian trading hours on Monday. The