EUR/USD EUR/USD is paring back gains to test 1.1200 again in the early European morning. The pair has turned south again due to a modest uptick in the US Dollar in tandem with the US Treasury bond yields. Investors stay cautious ahead of mid-tier EU and US data. GBP/USD GBP/USD is approaching 1.2900, having met fresh supply in early Europe. The pair is resuming a four-day downtrend while fading the Asian bounce. A pause in the US Dollar decline is dragging the GBP/USD pair lower.
EUR/USD EUR/USD remains pressured toward 1.1200, as the US Dollar pauses its run of losses. Upbeat US Core Retail Sales growth joins mixed ECB signals and worsening mood to prod EUR/USD bulls so far this Wednesday. GBP/USD GBP/USD came under strong bearish pressure and dropped to a fresh weekly low below 1.3000 in the European session on Wednesday. The data from the UK showed that the annual CPI fell sharply to 7.9% in June from 8.7% in May, weighing heavily on Pound Sterling. USD/JPY USD/JPY buyers
EUR/USD EUR/USD remains on the front foot near 1.1250 in early Europe this Tuesday. The pair is holding higher ground amid a broadly subdued US Dollar. Hawkish ECB commentary also keeps the pair afloat ahead of the key US Retail Sales data. GBP/USD GBP/USD is holding gains below 1.3100, lacking follow-through bias in the European morning. The divergent Fed-BoE policy outlooks support prospects for an appreciative move in the major. Any meaningful corrective slide might be seen as a buying opportunity ahead of key US data. USD/JPY USD/JPY
EUR/USD EUR/USD is holding lower ground below 1.1250, extending the pullback from the highest levels since February 2022 during the mid-Asian session on Monday. The pair is weighed down by a brief US Dollar recovery following last week’s heavy sell-off. GBP/USD GBP/USD remains sidelined around 1.3090 amid Monday’s early Asian session, after reversing from the highest levels in 15 months. In doing so, the Pound Sterling struggles to cheer news of the UK’s biggest trade deal after Brexit due to the economic fears surrounding Britain.
EUR/USD EUR/USD picks up bids to refresh a 16-month high above 1.1200 early Friday, rising for the seventh consecutive day to brace for the biggest weekly gain since November 2022. Euro sellers need validation from 1.1180 and mid-tier US/EU data for return. GBP/USD GBP/USD enters a bullish consolidation phase and trades just below the 15-month peak. Bets that the Fed will soon end its rate-hiking cycle undermine the USD and lend support. Expectations for further policy tightening by the BoE also contribute to
EUR/USD EUR/USD is recovering ground to trade close to 1.0900 in the early European morning. The pair looks to extend its rebound, as the US Dollar stays on the back foot amid a pullback in the US Treasury bond yields, as investors turn cautious mood ahead of US NFP data and Lagarde’s speech. GBP/USD GBP/USD takes offers to extend pullback from the highest level in a fortnight. The three week low mark challenges Cable buyers as US employment report looms. BoE hawks
EUR/USD EUR/USD is trading close to 1.0900, holding lower ground in early Europe. The main currency pair is facing selling pressure as the market mood turns cautious and underpins the safe-haven US Dollar. Thin trading to extend on the US Independence Day. GBP/USD GBP/USD is hovering around the 1.2700 level, struggling for a clear direction in the European morning. Fears of recession and the US-China tussle put a floor under US Dollar, weighing on the major. Traders are likely to stay on the sidelines on the
EUR/USD EUR/USD is holding steady above 1.0900, defending the latter ahead of the European Open. The pair is looking for a fresh directional impetus amid thin trading conditions and ahead of the Eurozone final PMIs and the top-tier US ISM Manufacturing PMI. GBP/USD GBP/USD remains confined in a narrow trading band through the Asian session on Monday. Bets for more Fed rate hikes help revive the USD demand and cap the upside for the major. The BoE’s aggressive tightening fuel recession fears and also
EUR/USD EUR/USD is holding lower ground near 1.0850, hanging at the weekly low early Friday. Economic woes act as a headwind for the Euro, though subdued USD demand lends support. Traders also seem reluctant ahead of the key inflation figures from the Eurozone and the US. GBP/USD GBP/USD attracts some buyers on Friday and draws support from subdued USD price action. The BoE’s aggressive rate hike fueled recession fears and could act as a headwind for the GBP. The hawkish Fed should limit
EUR/USD EUR/USD is trading on the back foot near 1.0900, as markets stay cautious ahead of Fed Chair Powell’s speech early Thursday. Traders refrain from placing fresh bets on the pair, awaiting the Spanish and German inflation data for fresh cues on the ECB’s rate hike path. GBP/USD GBP/USD is trading below 1.2650, languishing at two-week lows on Thursday. The Fed’s hawkish outlook continues to underpin the US Dollar, weighing on the pair. The focus shifts to Fed Chair Powell’s speech for fresh trading
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