market reports

EUR/USD EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run at the 1.0600 handle and backsliding into 1.0500, shedding nearly eight-tenths of a percent on Monday. US Purchasing Managers Index (PMI) figures beat the street but still came in below the 50.0 contraction level, bolstering the safe haven Greenback. GBP/USD GBP/USD backslid below the 1.2700 handle on Monday. Another US Nonfarm Payrolls (NFP) week is underway, and the economic calendar is littered with plenty

EUR/USD The EUR/USD pair faces some selling pressure to around 1.0530 amid the firmer US Dollar (USD) during the early Asian trading hours on Monday. Investors will closely monitor the speech by the European Central Bank’s (ECB) President Christine Lagarde and the release of the US ISM Manufacturing Purchasing Managers’ Index (PMI), which is due later on Monday.  GBP/USD The GBP/USD pair attracts some sellers on the first day of a new week and reverses a major part of Friday’s positive move to

EUR/USD EUR/USD is holding gains above 1.0550 in the European morning on Friday. The pair derives strength from the peristent US Dollar weakness, further fuelled by the USD/JPY sell-off. Buyers, however, remain cautious ahead of the Eurozone preliminary inflation data.  GBP/USD GBP/USD gains some follow-through positive traction above 1.2700 in the early European trading on Friday, reaching a two-week top. A broad US Dollar weakness, improving risk appetite and thin market condtions continue to aid the pair’s recovery.  USD/JPY The Japanese Yen (JPY) sticks

EUR/USD EUR/USD edges lower to near 1.0550 during the Asian trading hours on Thursday. This downside of the pair could be attributed to the improved US Dollar (USD) amid the cautious mood surrounding the Federal Reserve’s (Fed) interest rate decision in December, following Wednesday’s robust inflation data. Markets may witness thin trading due to the US Thanksgiving holiday. GBP/USD GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October,

EUR/USD EUR/USD maintains its position after the recent losses registered in the previous session, trading around 1.0480 during the Asian hours on Wednesday. Traders await the US Personal Consumption Expenditure (PCE) Price Index and quarterly Gross Domestic Product Annualized scheduled to be released later in the North American session. GBP/USD GBP/USD churned chart paper just below 1.2600 on Tuesday, marking out familiar territory as the Pound Sterling struggles to find an intraday direction against the Greenback. A limited data schedule on either side of

EUR/USD EUR/USD struggles near 1.0550 in the European morning on Thursday. The pair faces headwinds from risk-off flows due to rising geopolitical conflict between Russia and Ukraine and worries over the potential US tariffs on the EU. ECB- and Fedspeak are awaited.  GBP/USD GBP/USD keeps its range near 1.2650 in early European trading on Thursday. The pair’s sidetrend could be attributed to the softer US Dollar and a risk-aversion market environment. Traders stay cautious amid rife geopolitical tensions and a light economic calendar. Fedspeak eyed.  USD/JPY The Japanese

EUR/USD EUR/USD remains subdued as the US Dollar (USD) appreciates, possibly driven by the safe-haven flows amid escalating tensions in the Russia-Ukraine conflict. According to a Reuters report late Tuesday, Ukraine deployed US-supplied ATACMS missiles to strike Russian territory for the first time, signaling a significant escalation on the 1,000th day of the conflict. The EUR/USD pair trades around 1.0590 during the Asian trading hours on Wednesday. GBP/USD GBP/USD continues to gain ground for the third successive session, trading around 1.2690 during the

EUR/USD EUR/USD remains steady with a positive bias, hovering around 1.0600 during Tuesday’s Asian trading hours. The upbeat sentiment surrounding the pair is likely driven by a softer US Dollar (USD), as profit-taking follows its recent rally. GBP/USD The GBP/USD pair attracts buyers for the second straight day on Tuesday amid a modest US Dollar (USD) downtick and climbs back closer to the 1.2700 mark during the Asian session. Spot prices, however, lack bullish conviction as investors opt to wait for the Bank

EUR/USD The EUR/USD pair trades around 1.0550 during Monday’s Asian trading session, hovering near its yearly low of 1.0496, which was reached on November 14. Downside risks for the pair have intensified following cautious comments from Federal Reserve (Fed) officials and stronger-than-expected US Retail Sales data, broadly supporting the US Dollar (USD). GBP/USD The GBP/USD pair kicks off the new week on a subdued note and consolidates in a range above the 1.2600 round-figure mark, or the lowest level since mid-May touched on Friday.

EUR/USD EUR/USD breaks its five-day losing streak, trading around 1.0540 during the Asian session on Friday. This rebound is likely due to a downward correction in the US Dollar following comments from Fed Chair Jerome Powell. GBP/USD The GBP/USD pair edges lower to near 1.2675, the lowest level since August during the Asian trading hours on Friday. The cautious remarks from the Federal Reserve Chair Jerome Powell on Thursday and stronger US economic data boost the US Dollar broadly and weigh on the major pair.  USD/JPY The Japanese Yen (JPY) extends