InterstellarFX

EUR/USD EUR/USD is holding onto recovery gains below the 1.0400 mark heading in early Europe. The renewed sell-off in the US Dollar amid the China reopening optimism underpins the Euro. Focus shifts to ECB-speak and Germany’s inflation data.  GBP/USD GBP/USD is cheering a broadly weaker US Dollar amid firmer sentiment while holding higher ground near 1.2000 in early European trading hours. China’s reopening optimism spurs risk flows and boosts the risk-sensitive GBP ahead of Bailey’s testimony and Fedspeak.  USD/JPY The USD/JPY pair has witnessed a rebound after dropping

EUR/USD EUR/USD is consolidating the latest decline at around 1.0350 in early Europe. Risk aversion remains the main underlying theme amid China’s covid protests, lifting the safe-haven demand for the US Dollar. ECB Lagarde’s testimony is on tap.  GBP/USD GBP/USD is under moderate selling pressure around 1.0250 ahead of the London open this Monday. The pair struggles to cheer the stimulus hopes amid fears of major strikes in the UK and covid protests in China. USD/JPY The USD/JPY pair has sensed a decent buying interest

EUR/USD EUR/USD is trading sideways in a familiar range near 1.0400 in early European trading. US Treasury yields and the US Dollar hold the lower ground on prospects of a slower pace of the Fed’s policy tightening. Thin trading conditions to extend on Black Friday.  GBP/USD GBP/USD is oscillating in a narrow band at around 1.2100 on Black Friday. The dovish FOMC minutes continue to weigh on the US Dollar and offer support. Relatively thin trading conditions hold back bullish GBP traders from placing fresh

EUR/USD EUR/USD is advancing toward 1.0450 in early European trading. The US Dollar licks its dovish Fed minutes-inflicted wounds amid light trading on Thanksgiving Day and weaker US Treasury yields. Focus shifts to German IFO and ECB minutes.  GBP/USD GBP/USD is cheering broad US Dollar weakness to defend gains below 1.2100. Brexit pessimism, mixed UK PMIs probe the upside momentum during Thanksgiving holiday in the US. Dovish Fed minutes and downbeat US statistics weigh down on the dollar. USD/JPY At the time of writing,

EUR/USD EUR/USD clings onto recent gains above 1.0300 in early European trading, as traders await the Euro area preliminary PMIs for fresh impetus. The US Dollar licks its wounds, despite a cautious market mood. US data and Fed minutes eyed as well.  GBP/USD GBP/USD is holding steady below 1.1900, struggling in the early European morning. The US Dollar repositions ahead of the top-tier US economic data and the Fed November meeting minutes. China’s covid woes and renewed Brexit updates keep investors on the

EUR/USD EUR/USD is trading sideways at around 1.0250 in early European trading. Less-hawkish commentary from Fed policymakers weighs on the US Dollar and the US Treasury yields. Meanwhile, ECB officials see the need for smaller rate increases next month.  GBP/USD GBP/USD is holding onto the recovery gains at around 1.1850, as the US Dollar recovery fizzles out alongside the US Treasury yields following recent mIxed messages from the Fed officials. Brexit debates and Fedspeak will be eyed in absence of high-tier US economic

EUR/USD EURUSD is trading under pressure below 1.0300 as risk-off sentiment intensified on surging covid cases and fresh lockdowns in China. The US Dollar cheers a flight to safety as well as hawkish Fed commentary. A light calendar ahead.  GBP/USD GBPUSD is kicking off the week on the wrong footing amid resurgent safe-haven demand for the US Dollar. China’s covid woes-induced risk aversion weighs negatively on the higher-yielding Pound Sterling ahead of BoE policymaker Jon Cunliffe’s speech.  USD/JPY USDJPY has prospects for a significant bullish

EUR/USD EURUSD is defending early gains above 1.0350 in the European session. The pair fails to find support from ECB Chief Lagarde’s comments while the US Dollar struggles alongside the Treasury yields amidst hawkish Fedspeak amid China’s reopening optimism.  GBP/USD GBPUSD is extending gains above 1.1900, as the US Dollar comes under fresh selling pressure. Investors reassess the UK’s fiscal plan on the last trading day of the week. Meanwhile, the data from the UK revealed that Retail Sales rose by 0.6% in October. USD/JPY USDJPY prints

EUR/USD EURUSD moves up and down in a tight channel below 1.0400 early Thursday while waiting for the next catalyst. October Harmonized Index of Consumer Prices will be featured in the European docket ahead of mid-tier data releases from the US and Fedspeak. GBP/USD GBPUSD has managed to erase its daily losses and turned flat on the day at around 1.1900 heading into the European session on Thursday. British Chancellor Jeremy Hunt will present the Autumn Budget to parliament later in the

EUR/USD EURUSD is finding fresh demand while eyeing 1.0400, as the US Dollar recovery fizzles on US President Biden’s denial of Russian involvement in the missile striking Poland. The Fed-ECB policy divergence remains in play ahead of the US Retail Sales and ECB Lagarde’s speech.  GBP/USD GBPUSD is defending minor bids above 1.1850, as investors turn cautious ahead of the UK inflation data. The UK CPI is expected to surge by 10.7% YoY in October. The US Dollar trades choppy amid stabilizing