InterstellarFX

EUR/USD EUR/USD is marching towards 1.0000 parity on soaring ECB hawkish bets. Russia has cut off the energy supply to Eurozone citing western sanctions. The DXY has turned volatile amid weaker estimates for US ISM Services PMI. GBP/USD GBP/USD takes the bids to refresh intraday high around 1.1590 as bulls welcome Lizz Truss’s leadership amid hopes of heavy stimulus and a push to the Bank of England (BOE). With this, the Cable pair leads the G10 currency pairs while posing 0.65% intraday gains during

EUR/USD EUR/USD has breached the 0.9900 mark for the first time since Dec 2020 amid unrelenting safe-haven demand for the US dollar. Risk-off flows dominate amid the worsening European energy crisis-led global recession fears.  GBP/USD GBP/USD slides to the fresh low since March 2020 as the cable traders await the UK PM Leadership results on Monday. Firmer US dollar cheers fears of worsening energy crisis to exert downside pressure on the pair. Thin trading to extend amid US holiday.  USD/JPY The USD/JPY pair is advancing towards the 24-year high

EUR/USD EUR/USD pares the biggest daily fall in seven weeks amid pre-NFP consolidation. Yields keep DXY on bull’s radar despite latest pullback from two-decade high. Hawkish money market bets on ECB rate hike, hopes of overcoming the bloc’s energy crisis to limit downside. GBP/USD The GBP/USD pair is displaying a lackluster performance in the Asian session as investors are preparing for the US Nonfarm Payrolls (NFP) event. The cable is oscillating in a narrow range of 1.1540-1.1560, however, the downside remains favored

EUR/USD EUR/USD remains pressured towards 1.0000, as the US dollar bulls refuse to give up amid risk-aversion and surging Treasury yields. The downside in the pair, however, appears capped, courtesy of hawkish ECB rate hike expectations. Eurozone, US PMIs eyed.  GBP/USD GBP/USD is off the lows but remains below 1.1600, sitting close to over two-year lows in early Europe. The US dollar index is firming up above 109.00, as Treasury yields rally across the curve on hawkish Fed bets. UK growth and

EUR/USD EUR/USD is firmly auctioning above the magical figure of 1.000 ahead of Eurozone HICP. The Eurozone HICP is seen higher at 9% vs. 8.9% reported earlier. Energy supply cuts from Nord Stream 1 pipeline to Germany could accelerate the energy crisis. GBP/USD GBP/USD is advancing towards 1.1700 as the DXY has extended losses. DXY’s investors have turned cautious on lower consensus for US NFP. Weaker US Average Hourly Earnings may create more problems for the Fed. USD/JPY USD/JPY takes offers to refresh intraday

EUR/USD EUR/USD is defending mild gains around 1.0000 amid a cautiously optimistic mood. The US dollar keeps the corrective mode intact amid falling Treasury yields. Investors assess hawkish ECB and Fed rate hike bets ahead of German inflation and US Consumer Confidence. GBP/USD GBP/USD is trading around 1.1700, lacking a follow-through upside, despite a broadly weaker US dollar. The renewed downside in the Treasury yields and upbeat risk tone weigh down on the safe-haven dolllar. US data awaited.  USD/JPY USD/JPY takes offers to renew intraday

EUR/USD EUR/USD remains pressured towards 0.9900, eyeing a fresh two-decade low in early Europe. US dollar marches higher with yields amid Fed Powell’s hawkish stance and risk-aversion. ECB-speak and German fiscal stimulus news fail to rescue EUR bulls.  GBP/USD GBP/USD is trading around 1.1650, vulnerable at the lowest levels since March 2020. Cable suffers amid broad US dollar strength and UK recessionary fears on surging energy costs. The UK Summer Bank Holiday could exaggerate moves.  USD/JPY USD/JPY takes the bids to renew the monthly

EUR/USD EUR/USD is expected to deliver a lackluster performance ahead of Fed Powell’s speech. Fed’s Powell is expected to follow the footprints of RBNZ’s Orr and may sound hawkish. The arrival of winter will impact the already vulnerable Europe energy market. GBP/USD GBP/USD renews intraday low around 1.1810 sellers try to excel ahead of the key data/events during early Friday morning in Europe. USD/JPY The USD/JPY pair has delivered an upside break of the consolidation formed in a narrow range of 136.40-136.56 in the Tokyo

EUR/USD EUR/USD is consolidating the recovery rally around 1.0000 ahead of Germany’s IFO survey. The US dollar corrects further amid cautious optimism, as the European energy crisis battles China’s stimulus. US GDP, Jackson Hole eyed as well.  GBP/USD GBP/USD clings to gains above 1.1800, having stalled its recovery near 1.1850. The US dollar slips amid China’s stimulus-driven market optimism while pre-Jackson Hole event anxiety also keeps investors on the edge.   USD/JPY The USD/JPY pair has witnessed a steep fall after facing barricades around 137.20 in the

EUR/USD EUR/USD is heading south towards two-decade lows near 0.9900, as risk-off flows dominate and offer aid to the safe-haven US dollar. The German energy crisis has put EUR bulls on the tenterhooks.  GBP/USD GBP/USD reverses the bounce off 2.5-year low, pressured around intraday bottom. Money market bets hint at 4.0% BOE rate in March, from 1.75% currently. UK data appeared comparatively better than the US ones but Sunak’s defense of BOE appear to favor bears. USD/JPY The USD/JPY pair is marching towards 137.00 after a