InterstellarFX

EUR/USD EURUSD is trading close to 0.9950, recovering ground amid a positive shift in risk sentiment, which is checking the US Dollar recovery. Worries over the Fed downsizing interest rates is capping any upside attempts in the dollar. Eurozone data eyed.  GBP/USD GBPUSD is bouncing back towards 1.1350, consolidating the biggest daily gains in a month. UK FinMin Hunt eyes GBP60 billion worth of tax hike and spending cuts in the Budget. Mixed US data and Fedspeak allow buyers to sneak in amid a quiet

EUR/USD EURUSD is consolidating the recovery gains below 0.9800 in early Europe. Upbeat sentiment contributes to the typical pre-NFP trading amid the US Dollar repositioning. Firmer yields and hawkish Fed keep bears hopeful. Lagarde’s speech eyed as well.  GBP/USD GBPUSD is holding onto the recovery gains above 1.1200 as risk flows return early Friday, triggering a corrective downside in the US Dollar. The Fed-BoE policy contrast continues to limit the pair’s rebound, as the focus shifts to the US NFP report.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD is trading above 0.9800, defending mild gains amid a sluggish Thursday European morning. The pair licks its wounds following the hawkish Fed-induced sell-off while the US dollar struggles to find fresh demand. ECB’s Lagarde, US ISM PMI awaited.  GBP/USD GBP/USD is clinging to recovery gains above 1.1400, as the US dollar rally takes a breather, despite a cautious mood and higher Treasury yields on hawkish Fed. The pair’s further upside appears elusive ahead of the all-important BoE rate hike decision.  USD/JPY USD/JPY bears

EUR/USD EUR/USD is consolidating below 0.9900, as buyers struggle to keep the reins in early Europe. The pair is drawing support from the renewed weakness in the US dollar alongside the yields. Investors trade with caution ahead of the Fed rate hike decision.  GBP/USD GBP/USD is hovering around 1.1500 in early European trading hours amid cautious optimism. The US dollar remains pressured, weighed down by weaker Treasury yields, as investors brace for the expected 75 bps Fed rate hike decision.  USD/JPY USD/JPY stands on slippery grounds

EUR/USD EUR/USD is extending the rebound from weekly lows above 0.9900, helped by ECB Chief Lagarde’s comments. The US dollar loses further ground amid a better risk profile and falling Treasury yields. Focus shifts to US ISM Manufacturing PMI and Fed decision.  GBP/USD The GBP/USD pair is aiming to extend its recovery above the immediate hurdle of 1.1517 after a sheer rebound from 1.1460 in the early European session. The cable has been underpinned as the risk-on impulse has rebounded firmly.  USD/JPY USD/JPY pares intraday losses,

EUR/USD EUR/USD is dropping back towards 0.9900, as the US dollar regains the upside traction amid higher Treasury yields and a cautious market mood. Bears retake control ahead of the Eurozone preliminary GDP and inflation data.  GBP/USD GBP/USD prints mild losses around a fortnight high, probes three-week uptrend. Market’s confidence in Britain’s new government, hawkish bets on BOE defend buyers. Risk-aversion, strong US data tease pair sellers amid sluggish session. USD/JPY The USD/JPY pair has witnessed a steep fall after failing to sustain above the

EUR/USD The EUR/USD pair has extended its lackluster performance in the Tokyo session as investors are awaiting the announcement of the interest rate decision by the ECB. In addition to the ECB policy, the US GDP data also carries the utmost importance. GBP/USD GBP/USD pauses two-day bullish momentum, as the US dollar attempts a comeback. Markets turn cautious amid mixed headlines on the upcoming UK fiscal plan. USD/JPY The USD/JPY pair has dropped sharply to 146.00 in the Asian session, following the bearish cues from the

EUR/USD EUR/USD is marching towards parity as the odds of a bigger rate hike by the ECB have strengthened. Mixed responses from the risk profile have put the DXY on the sidelines. All eyes remain on risk sentiment amid a quiet data docket.  GBP/USD GBP/USD is consolidating its retreat around 1.1450, as the US dollar finds demand amid a cautious market mood. Investors turn cautious amid discouraging US tech giants’ earnings, flagging recession fears. Cable buyers remain expectant of UK political stability.  USD/JPY The USD/JPY pair has

EUR/USD EUR/USD is treading water below 0.9900 in early European trading, as the US dollar licks its wounds amid a better risk tone. Cooling bets of aggressive Fed rate hikes are underpinning the pair, despite discouraging euro area PMIs. Germany’s IFO awaited.  GBP/USD GBP/USD is consolidating gains below 1.1300 amid broad US dollar weakness and an upbeat mood. Investors remain hopeful that the new UK PM Rishi Sunak will bring stability to the financial markets. Focus remains on the US data.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD holds lower grounds near 0.9840 while keeping the week-start pullback from a fortnight top during early Monday. The major currency pair prints the first daily loss in three while paring the previous weekly gains amid mixed sentiment and volatile markets. GBP/USD GBP/USD stays defensive around 1.13000, after reversing from the highest levels in a week, during early Monday morning in Europe.   USD/JPY USD/JPY treads water around 148.85 following a volatile start to the week which initially refreshed a fortnight low before recalling