InterstellarFX

EUR/USD EUR/USD edges lower and continues its losing streak for the fourth successive session, trading around 1.1530 during the Asian hours on Monday. The pair remains subdued as the US Dollar (USD) receives support from dampening expectations for a December rate cut by the US Federal Reserve (Fed), following the central bank’s decision to lower its benchmark overnight borrowing rate for the second time this year to a range of 3.75%-4.0%. GBP/USD The GBP/USD pair remains depressed below mid-1.3100s at the start of

EUR/USD The EUR/USD pair trades with caution near the two-week low around 1.1570 during the early European trading session on Friday. The major currency pair struggles to gain ground as the US Dollar trades firmly due to multiple tailwinds: easing Federal Reserve dovish bets and improving United States-China trade relations. GBP/USD GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday. The pair holds ground as the US Dollar struggles amid improving Federal Reserve rate cut bets. According

EUR/USD EUR/USD slid on Wednesday over 0.43% as the Federal Reserve delivered a “hawkish cut” after Fed Chair Jerome Powell said that “rate cut in December is far from foregone conclusion.” At the time of writing, the pair trades near weekly lows of 1.1601 with traders eyeing monthly lows of 1.1542. GBP/USD The GBP/USD pair builds on the previous day’s late rebound from the 1.3140 horizontal support, or the lowest level since May, and gains some positive traction during the Asian session on

EUR/USD The EUR/USD pair loses ground to near 1.1635 during the Asian trading hours on Wednesday. Optimism surrounding US-China trade deals weighs on the riskier currency, like the Euro (EUR) against the US Dollar (USD). Traders brace for the Federal Reserve (Fed) interest rate decision later on Wednesday. On Thursday, the attention will shift to the European Central Bank monetary policy meeting.  GBP/USD GBP/USD loses ground for the second successive session, trading around 1.3250 during the Asian hours on Wednesday. The pair weakens

EUR/USD The EUR/USD pair loses ground to near 1.1620 during the early European session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid fears of political turmoil in France. France’s Socialist party leader has threatened to bring down Prime Minister Sébastien Lecornu’s government by Monday if their budget conditions are not met.  GBP/USD The GBP/USD pair kicks off the new week on a slightly positive note and holds steady above the 1.3300 round figure during the Asian session, though it

EUR/USD The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for October is due for release today at 07:30 and 08:00 GMT, respectively. Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European currency and the related markets as well. GBP/USD GBP/USD tilted into the red for a fifth straight trading day on Thursday, continuing to test the waters just north of the 1.3300 handle. Cable bids

EUR/USD EUR/USD leaves behind a multi-day negative streak and manages to advance past the 1.1600 hurdle at the end of the NA session on Wednesday. The recovery in spot follows a slight pullback in the Greenback as investors continue to assess the US-China trade front and the lack of progress toward a deal to end the US government shutdown. GBP/USD GBP/USD extends its losing streak for the fifth consecutive day, trading around 1.3340 during the Asian hours on Thursday. The pair depreciates

EUR/USD EUR/USD trades listlessly above 1.1600 in Wednesday’s European trading hours, pausing a three-day losing streak. The struggles to gain ground as the US Dollar consolidates the upside. The Greenback witnessed a turnaround on Tuesday amid easing US-China trade tensions and a profit-taking pullback.  GBP/USD GBP/USD has come under renewed selling pressure below 1.3350 in the European session on Wednesday. The UK annual Consumer Price Index rose 3.8% in September, against an expected increase of 4% in the same month. A downside