InterstellarFX

EUR/USD EUR/USD takes offers to renew intraday low around 1.0790 as it extends the previous U-turn from a short-term key hurdle during early Monday. GBP/USD The GBP/USD pair is making efforts in defending the 1.2300 mark in the Asian session. The Cable witnessed a sheer decline in the early Tokyo session as investors discounted the impact of higher oil prices after an announcement of further oil production cuts by OPEC+. USD/JPY USD/JPY is higher by some 0.2% which has rallied from a low of 132.98 to

EUR/USD EUR/USD is extending the pullback below 1.0900 after Germany’s Retail Sales disappointed by a wide margin early Friday. The pair retreats from weekly highs amid a broad US Dollar rebound, as investors turn cautious ahead of the Eurozone and US inflation data.  GBP/USD GBP/USD is holding steady below 1.2400, having eased from two-month highs at 1.2423 in the early European morning. The pair is weighed down by the mixed UK economic data and a minor pullback in the US Dollar. Focus

EUR/USD EUR/USD bears are in the driver’s seat after a four-day off as the major currency pair drops to 1.0830 while extending the previous day’s U-turn from the weekly high amid early Thursday.  GBP/USD The GBP/USD pair is standing near the 1.2300 mark in the early European session. The Cable is aiming to extend recovery further amid a loss in the upside momentum in the US Dollar Index (DXY).  USD/JPY USD/JPY prints mild losses around 132.60 heading into Thursday’s European session. In doing so, the Yen pair struggles

EUR/USD EUR/USD is easing below 1.0850 in the early European morning. Traders turn cautious, despite easing banking fears, as the focus shifts toward the euro area inflation data. The pair’s pullback could be also attributed to a broad US Dollar rebound.  GBP/USD GBP/USD is heading back toward 1.2300, fading the Asian bounce in early Europe. Broad-based US Dollar rebound, despite a better market mood and sluggish US Treasury bond yields, is weighing on the pair. US housing data awaited.  USD/JPY The USD/JPY pair is hovering near its

EUR/USD The EUR/USD pair has turned sideways after a firmer rally near 1.0820 in the Asian session. The major currency pair is struggling in extending its upside, however, more gains seem likely amid improved market sentiment.  GBP/USD GBP/USD has scaled above the critical resistance of 1.2300 amid a cheerful market mood. The USD Index is likely to attract more offers in hopes that the Fed will keep interest rates steady. The Cable resumed its upside after a bullish hidden divergence. USD/JPY USD/JPY pays little heed to Bank

EUR/USD The EUR/USD pair is displaying a back-and-forth action below 1.0800 in the Tokyo session. The major currency pair has turned sideways following the footprints of the subdued US Dollar Index (DXY), which is struggling to extend upside despite upbeat preliminary S&P Global PMI and expansion of financial support for mid-size United States banks. GBP/USD The GBP/USD pair has surrendered its morning gains and has slipped to near 1.2230 in the Asian session. The Cable witnessed the heat after failing to climb above the 1.2250 mark

EUR/USD EUR/USD is stalling the previous day’s retracement slide from the 1.0930 region, or its highest level since early February, and oscillates in a narrow trading band ahead of the European open this Friday. All eyes remain on the Eurozone and US PMI data.  GBP/USD GBP/USD is trading steady below 1.2300 in the early European morning, awaiting the top-tier UK and US economic data for fresh trading impetus. Narrowing Fed-BoE policy divergence will likely keep the pair underpinned.  USD/JPY USD/JPY portrays a corrective bounce off

EUR/USD EUR/USD is trading above 1.0900, extending gains early Thursday. The pair stays firmer amid a broadily depressed US Dollar. Investors are assessing the latest dovish outlook from the Fed ahead of the SNB and BoE policy outcomes, which could trigger fresh volatility surge across the FX board.  GBP/USD GBP/USD is advancing toward 1.2350 ahead of the BoE’s policy announcements. Strong UK CPI data, PM Sunak’s Brexit success and dovish Fed hike add strength to the Cable’s bullish momentum. USD/JPY USD/JPY picks up bids to pare intraday

EUR/USD EUR/USD is consolidating recent gains below 1.0800 in the early European morning. The pair capitalizes on a subdued US Dollar on a less hawkish Fed outlook. The upside in EUR/USD, however, appears elusive, as traders stay cautious ahead of Lagarde’s speech and the Fed verdict.  GBP/USD GBP/USD is holding higher ground above 1.2200 in early Europe. The US Dollar is licking its wounds amid a better market mood heading into the Fed policy decision. In the meantime, the pair looks forward

EUR/USD EUR/USD is juggling in a narrow range just above the 1.0700 level in early Europe. The pair is sidelined amid a relatively calmer risk tone and a pause in the US Dollar decline. Markets digest the latest global banking sector developments ahead of Germany’s ZEW survey.  GBP/USD GBP/USD is on a corrective move lower while testing 1.2250 in the early European morning. A broad rebound in the US Dollar is weighing on the pair, despite a better market mood. Investors stay cautious amid the