InterstellarFX

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

EUR/USD EUR/USD is extending gains to near 1.0660 early Monday, underpinned by renewed US Dollar weakness. Markets shrug off disappointing China’s GDP growth target, as they adjust their positions ahead of a busy week. Eurozone Sentix and Retail Sales data coming up next.  GBP/USD GBP/USD is trading on the back foot below 1.2050 in the early European morning. The pair fails to benefit from a broadly subdued US Dollar, as the market sentiment remains mixed and Brexit optimism fades. US economic data and Powell’s

EUR/USD EUR/USD has scaled back above 1.0600 in early Europe this Friday. The pair is helped by a broad-based US Dollar weakness amid retreating US Treasury bond yields and an upbeat mood. The Euro finds demand from hawkish ECB commentary. US ISM PMI data eyed.  GBP/USD GBP/USD is extending the rebound toward 1.2000 in the early European morning. A better risk profile combined with a broadly weaker US Dollar is aiding the renewed upside in the pair. UK Final Services PMI and US

EUR/USD The EUR/USD pair is on the verge of delivering a sheer downside move as it is looking vulnerable below the critical support of 1.0660. The downside bias in the major currency pair is backed by soaring US Treasury yields. GBP/USD GBP/USD bears attack the 1.2000 psychological magnet during a three-day downtrend amid fresh challenges for the Brexit deal and a rally in the US Treasury bond yields. However, the market’s lack of action heading into Thursday’s London open appears to restrict the Cable pair’s