InterstellarFX

EUR/USD EUR/USD is trading on the defensive, heading towards 0.9950 in early European trading. The US dollar is holding firmer amid a cautious market mood, despite retreating Treasury yields. All eyes remain on the critical 75 bps Fed rate hike decision.  GBP/USD GBP/USD is hovering above the 37-year low of 1.1351 ahead of the European open. The pair remains undermined due to the Fed-BOE policy divergence while pre-Fed anxiety continues to boost the safe-haven US dollar.  USD/JPY The USD/JPY pair has sensed barricades while attempting

EUR/USD EUR/USD is holding steady above 1.0000, unable to sustain the recovery near 1.0050. The pair fails to capitalize on risk flows and retreating Treasury yields amid a tepid bounce in the US dollar. Focus shifts to Lagarde’s speech and the Fed decision.  GBP/USD GBP/USD is consolidating the renewed upside above 1.1400, helped by an upbeat market mood and a pause in the US dollar recovery. The further upside in cable appears elusive amid the Fed-BOE policy divergence.  USD/JPY USD/JPY struggles to defend 143.00, despite

EUR/USD The EUR/USD pair has slipped below the magical figure of 1.0000 as the US dollar index (DXY) has advanced amid soaring bets on a bumpers rate hike by the Federal Reserve (Fed). The asset has declined sharply after failing to overstep Friday’s high at 1.0036. GBP/USD The GBP/USD pair struggles to gain traction on Monday and languishes near its lowest level since 1985, around the 1.1400 mark through the Asian session. The UK Office for National Statistics reported on Friday that

EUR/USD EUR/USD is juggling around 1.0000 as investors await US Michigan CSI data. An upbeat US Retail Sales data will strengthen the Fed in tightening policy further. The Eurozone energy crisis is deepening further ahead of the winter season. GBP/USD GBP/USD holds lower ground at the yearly low marked in the last week. Sluggish yields, short-term technical hurdle probes US dollar bulls ahead of data. Hawkish Fed bets jostle with the BOE concerns amid record high UK inflation expectations. USD/JPY USD/JPY remains sidelined while

EUR/USD EUR/USD is trading under pressure near 0.9950, undermined by resurgent US dollar demand amid a cautious market mood. Investors assess the impact of the aggressive Fed rate hike bets ahead of the US Retail Sales data.  GBP/USD GBP/USD is dropping towards 1.1500 amid a mixed sentiment and renewed US dollar strength. The deadline to trigger Article 16 and uncertainty over the UK energy bill weigh on the GBP. The focus shifts to US consumer-centric data.  USD/JPY USD/JPY takes the bids to refresh daily tops near

EUR/USD EUR/USD has displayed a short-lived pullback around 0.9960, more weakness is imminent. Soaring core CPI indicates a sheer rise in durable goods prices. Eurozone bulls have weakened amid rising pessimism in the trading bloc. GBP/USD GBP/USD manages to hold steady at around 1.1500 in the early European session on Wednesday. The data from the UK showed that the Core CPI edged higher to 6.3% on a yearly basis in August from 6.2% as expected, failing to trigger a significant reaction. USD/JPY USD/JPY is

EUR/USD EUR/USD is clinging onto the recent gains below 1.0150 in early Europe amid a broadly subdued US dollar and negative Treasury yields. The pair is looking forward to the all-important US inflation release before resuming the recovery. German ZEW eyed as well.  GBP/USD GBP/USD is picking up fresh bids to test 1.1700, as the UK Unemployment Rate sees an unexpected drop to 3.6% in July. Markets remain cautious amid China’s stimulus hopes and nervousness ahead of the critical US inflation data.  USD/JPY USD/JPY

EUR/USD EUR/USD grinds higher around 1.0090 during Monday’s sluggish session as China’s off and a light calendar joins pre-data anxiety. However, the recently hawkish comments from the European Central Bank (ECB) policymakers keep the pair buyers hopeful. GBP/USD GBP/USD is clinging to gains above 1.1600 after the downbeat UK GDP and industrial data failed to impress. The pair struggles to find demand amid UK recession fears and a mixed market mood. The dollar licks its wounds amid a data-scarce US docket.  USD/JPY The USD/JPY pair has

EUR/USD EUR/USD is attempting to kiss level of 1.0100 as DXY has plunged. The DXY is declining on expectations of a consecutive drop in the US inflation rate. ECB’s 75 bps rate hike announcement has trimmed Fed-ECB policy divergence. GBP/USD GBP/USD prints the biggest daily gains in a month amid broad US dollar weakness, optimism at home. Hopes from newly appointed UK PM Truss favor Cable, especially after the latest UK energy plan. US Dollar Index drops to one-week low even as

EUR/USD The EUR/USD pair is auctioning back and forth in a narrow range of 0.9979-0.9994 in the Asian session. The asset has shifted into a time-correction phase after failing to sustain above the magical figure of 1.0000. GBP/USD GBP/USD clings to mild losses around 1.1510 while fading the previous day’s bounce off the 37-year low during Thursday’s Asian session.  USD/JPY The Japanese yen is finding fresh demand after the country’s Finance Ministry (MOF) reported that the Ministry, the Bank of Japan (BOJ) and the