InterstellarFX

EUR/USD EUR/USD is holding steady above 1.0750, fading the rebound toward 1.0800, as bears could be throwing in the towel. The US Dollar is struggling to extend its ongoing bullish moment, despite a cautious market environment. All eyes remain on ECB-speak and Fed’s Powell.  GBP/USD The GBP/USD pair has displayed exhaustion in the downside momentum after slipping below the 1.2400 mark. The Cable is making efforts for a recovery, however, the solid US Dollar’s appeal is in traction. USD/JPY The USD/JPY pair has rebounded firmly

EUR/USD EUR/USD fades bounce off six-week low as US Dollar grinds higher at nearly two-month top. Softer EU inflation, downbeat tone of ECB’s de Cos weigh on Euro price. Optimism surrounding US debt limit extension, recent increase in Fed bets supporting June rate hike favor US Dollar. GBP/USD The GBP/USD pair is displaying a back-and-forth action below the 1.2500 mark in the Tokyo session. The Cable is failing to deliver decisive action amid the absence of critical triggers. The USD Index is making efforts

EUR/USD EUR/USD is holding lower ground near 1.0850 heading toward the European opening bells. The pair is treading water amid renewed US Dollar strength even as risk sentiment improves on US debt ceiling progress. All eyes remain on the US debt ceiling updates and ECB-speak.  GBP/USD GBP/USD is dropping toward 1.2450 n the early European session. Cable is feeling the pull of gravity, courtesy of the resurgent US Dollar demand, as investors weigh US debt ceiling talks ahead of the mid-tier US housing data.  USD/JPY USD/JPY eases

EUR/USD The EUR/USD pair attracted some buying near the 1.0845 region, or the lowest level since April 10 touched on Monday and stalled its recent pullback from the vicinity of the 1.1100 mark, or over a one-year high set earlier this month. GBP/USD GBP/USD declines below 1.2500 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate edged higher to 3.9% in March. In the same period, wage inflation including bonus was 5.8%, matching the

EUR/USD EUR/USD retreats from an intraday high of 1.0925 but stays sluggish during early Friday in Europe as traders lick their wounds on the way to posting the biggest weekly loss in three months.  GBP/USD GBP/USD stays defensive near 1.2520 even as it renews intraday high ahead of the all-important UK Gross Domestic Product (GDP) data during early Friday. Not only the pre-data positioning but the market’s downbeat expectations and fears of a positive surprise also allow the Pound Sterling to pare recent losses. USD/JPY The

EUR/USD EUR/USD takes offers to refresh the intraday low around 1.0970 as it pares the previous day’s rebound from the weekly low heading into Thursday’s European session. The Euro pair fails to justify the hawkish expectations from the European Central Bank (ECB). GBP/USD GBP/USD retreats from intraday high while slipping back to 1.2620 as it inks the market’s cautious mood ahead of the all-important Bank of England (BoE) monetary policy meeting. The Pound Sterling pair remains unchanged on a day heading into the London

EUR/USD The EUR/USD pair is facing barricades in extending its recovery above the 1.0980 mark in the early European session. The shared currency pair has sensed pressure as the US Dollar Index (DXY) has shown some recovery.  GBP/USD GBP/USD treads water around 1.2630-20 heading into Wednesday’s London open as candlesticks and chart formations print mixed signals as US inflation data looms. In doing so, the Cable pair seesaws around the highest levels since May 2022, marked during early weekdays. USD/JPY The USD/JPY pair is making efforts for a consolidation breakout placed

EUR/USD  EUR/USD is on the back foot, gyrating around the 1.1000 mark in early Europe. The mixed market mood is helping the US Dollar sustain its recovery gains, undermining the currency pair. Speeches from ECB and Fed policymakers eyed.  GBP/USD GBP/USD is holding steady in the early European morning, having found some support just above 1.2600. The pair is struggling to stage a comeback, as the US Dollar holds the renewed upside amid a cautious market sentiment. Fedspeak is next in focus.  USD/JPY USD/JPY takes

EUR/USD EUR/USD picks up bids to refresh intraday high, extends Friday’s rebound towards multi-month high marked late April. US Dollar bears the burden of mixed jobs report, mixed feelings about US debt ceiling and bank crisis. Hawkish ECB rate hike contrasts with Fed’s dovish rate lift to propel Euro price. GBP/USD GBP/USD gains traction for the fourth straight day and climbs to a fresh one-year high on Monday. Dovish Fed expectations keep the USD depressed and remain supportive of the ongoing move

EUR/USD The EUR/USD pair has recovered firmly to near 1.1040 in the Asian session as the US Dollar index (DXY) has resumed its downside journey. The major currency pair is trying to revive Thursday’s sell-off inspired by a smaller interest rate hike from the European Central Bank (ECB). GBP/USD GBP/USD rises for the third consecutive day to prod the late May 2022 high, piercing the 1.2600 threshold during early Friday. In doing so, the Cable pair cheers broad US Dollar weakness, as well as recently