InterstellarFX

EUR/USD EUR/USD has extended its recovery toward 1.0650, as the US Dollar Index is losing further steam on Friday. Dovish Fed expectations and US First Republic Bank’s relief plan revive risk appetite and weigh on the safe-haven US Dollar. Eurozone/ US data next on tap.  GBP/USD GBP/USD clings to mild gains around 1.2150 heading into Friday’s London open. The Cable pair remains firmer for the second consecutive day amid downbeat US Dollar, as well as due to the price-positive catalysts. USD/JPY USD/JPY price is heading

EUR/USD EUR/USD is trading close to 1.0600, holding its recovery gains early Europe this Thursday. The pair is looking to find its feet amid a minor positive shift in the risk sentiment after Credit Suisse’s liquidity improvement plan. Eyes on ECB rate hike decision for fresh trading direction.  GBP/USD GBP/USD is in a consolidative phase in early Asian trading hours on Thursday amid reports suggesting that the Bank of England (BoE) is in emergency talks as the Credit Suisse crisis worsens following the Swiss National

EUR/USD EUR/USD is retreating toward 1.0700 in early Europe. The US Dollar is finding its feet amid increased odds of a 25 bps March Fed rate hike. Meanwhile, fears calm over the SVB fallout but EUR/USD fails to capitalize ahead of Eurozone and US data.  GBP/USD GBP/USD is trading modestly flat at around 1.2150 in the early European morning. Risk tone remains calmer amid the ebbing US banking crisis while the US Dollar attempts a bounce on higher Treasury bond yields UK

EUR/USD EUR/USD s gauging a cushion near the 1.0700 mark in the early European morning. The pair has corrected from near 1.0740 after exhaustion in the upside momentum. The major is likely to remain on the tenterhooks ahead of the US inflation data.  GBP/USD GBP/USD is keeping losses under the 1.2200 level in early Europe. Investors turn cautious and flock to safety in the US Dollar ahead of the all-important US CPI data. The UK employment data remains in immediate focus for Cable traders.  USD/JPY USD/JPY rebounded after

EUR/USD EUR/USD is holding strong gains above 1.0700 in early Europe. Risk recovery weighs on the safe-haven US Dollar amid renewed dovish Fed bets. US regulators’ efforts to tame financial markets risk from SVB, Signature Bank favor risk profile. US CPI next of note.  GBP/USD GBP/USD takes the bids to refresh a three-week high above 1.2100 during early Monday morning in Europe. It should be noted that the multiple catalysts including the UK jobs report and the US inflation data highlight this week an important one for

EUR/USD EUR/USD is treading water just below the 1.0600 mark ahead of the European open. The pair is defending minor gains amid a rebound in the US Dollar, as risk sentiment sours ahead of the critical US Nonfarm Payrolls data and ECB Chief Lagarde’s speech.  GBP/USD GBP/USD is recovering losses while trading above 1.1900 ahead of the UK GDP and Industrial production data. A minor recovery in the US Dollar and the risk-off market profile is capping the rebound in the GBP/USD

EUR/USD EUR/USD is holding mild gains at around 1.0550 in early Europe. The US Dollar is losing ground, despite a cautious risk tone and firmer US Treasury bond yields. Investors assess the Fed and ECB rate hike expectations. The focus shifts to the US jobs data.  GBP/USD The GBP/USD pair is juggling near 1.1850 mark in the Asian session. The Cable is gathering strength to scale above the aforementioned resistance. However, the odds are favoring for resumption of the downside. USD/JPY USD/JPY is slightly pressured and

EUR/USD EUR/USD consolidates near two-month lows below 1.0550, extending the previous downside in early Europe. The pair remains weighed down by Fed Chair Powell’s hawkish rhetoric-led broad-based US Dollar strength. German data eyed ahead of US jobs report.  GBP/USD GBP/USD is holding steady below 1.1850, licking its wounds near 2023 lows in the early European morning. Hawkish Fed Chair Powell’s comments-led risk aversion is limiting the upside in the pair amidst broadly stronger US Dollar and Treasury yields. US data awaited.  USD/JPY The USD/JPY pair has scaled

EUR/USD EUR/USD is keeping its range play intact below 1.0700 in the early European morning. The pair is helped by a cautiously optimistic market mood. Traders give up on the US Dollar amid weaker US Treasury yields ahead of Fed Chair Powell’s testimony.  GBP/USD GBP/USD is trading close to 1.2050, sustaining the rebound ahead of the London open. Renewed Brexit concerns, as DUP seeks consultation on the post-Brexit deal, could limit the upside in the pair, despite a broadly weaker US Dollar. Powell’s