market reports

EUR/USD EUR/USD trades listlessly above 1.1600 in Wednesday’s European trading hours, pausing a three-day losing streak. The struggles to gain ground as the US Dollar consolidates the upside. The Greenback witnessed a turnaround on Tuesday amid easing US-China trade tensions and a profit-taking pullback.  GBP/USD GBP/USD has come under renewed selling pressure below 1.3350 in the European session on Wednesday. The UK annual Consumer Price Index rose 3.8% in September, against an expected increase of 4% in the same month. A downside

EUR/USD The EUR/USD pair extends its two-day downside move to near 1.1630 during the Asian trading session on Tuesday. The major currency pair faces selling pressure as the US Dollar (USD) gains on hopes that the ongoing United States (US) government shutdown will end this week. GBP/USD The GBP/USD pair extends the decline to near 1.3390 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the Pound Sterling (GBP) on easing US-China trade tensions. Traders will closely watch the

EUR/USD EUR/USD struggles for the second successive session, trading around 1.1660 during the Asian hours on Monday. The pair depreciates as the Euro (EUR) struggles after Bloomberg reported on Saturday that S&P Global Ratings downgraded France’s credit rating to A+ from AA-, citing “elevated” budget uncertainty despite the government’s submission of its 2025 draft budget. GBP/USD The GBP/USD pair kicks off the new week on a subdued note following Friday’s good two-way price swings and holds steady above the 1.3400 round figure during

EUR/USD EUR/USD extends its gains for the fourth consecutive session, trading around 1.1710 during the Asian hours on Friday. The pair appreciates as the Euro receives support after France’s government survived a no-confidence vote, as Prime Minister Sebastien Lecornu’s pledge to suspend a key pension reform won backing from some left-wing lawmakers. GBP/USD The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around 1.3250-1.3245. Spot prices currently trade around mid-1.3400s,

EUR/USD The EUR/USD pair edged lower and bottomed at 1.1542 on Thursday, ending the week in the red in the 1.1570 price zone on Friday. The US Dollar (USD) surged on the back of risk aversion, triggered by political woes on both shores of the Atlantic. GBP/USD The Pound Sterling (GBP) broke the previous consolidation against the US Dollar (USD) to the downside, as GBP/USD tested levels under 1.3300. It was all about the USD comeback against its major currency rivals that led to

EUR/USD The EUR/USD pair gains ground to near 1.1620 during the Asian trading hours on Wednesday. The US Dollar (USD) softens against the Euro (EUR) after remarks from Federal Reserve (Fed) Chair Jerome Powell bolstered wagers on an interest rate cut this month. The Eurozone Industrial Production data for August is due later on Wednesday.  GBP/USD GBP/USD recovers its losses registered in the previous two successive sessions, trading around 1.3350 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines

EUR/USD EUR/USD inches higher after registering nearly 0.5% losses in the previous session, trading around 1.1570 during the Asian hours on Tuesday. The pair holds ground ahead of the final September Harmonized Index of Consumer Prices and ZEW Survey data from Germany. GBP/USD GBP/USD has come under renewed selling pressure and tests 1.3300 in the European session on Tuesday. The UK Unemployment Rate ticked up to 4.8% in the quarter to August, while the Claimant Count increased to 25.8K in the reported month.

EUR/USD EUR/USD oscillates in a tight range above 1.1600 in the European session on Monday. Markets remain wary amid the United States-China trade war re-escalation, which keeps the US Dollar on the defensive. Meanwhile, political turmoil in France caps any upside for the shared currency in the near term.  GBP/USD GBP/USD keeps its range near 1.3350 in the European trading hours on Monday, with the downside limited by a broadly subdued USD demand and a recovery in risk appetite. The divergent Fed-BoE policy expectations also remain supportive

EUR/USD The EUR/USD pair gains ground around 1.1575, snapping the four-day losing streak during the Asian trading hours on Friday. The potential upside for the major pair might be limited as the political turmoil in France weighed on the Euro. The preliminary reading of the U-Mich Consumer Sentiment report will be in the spotlight later on Friday. GBP/USD GBP/USD inches higher after three days of losses, trading around 1.3310 during the Asian hours on Friday. The pair may appreciate as the Pound Sterling may gain ground amid

EUR/USD EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that officials remain cautious on inflation, despite easing policy. At the time of writing, the pair trades at 1.1622 after hitting a daily high of 1.1661. GBP/USD The GBP/USD pair posts modest gains near 1.3405, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar (USD) softens against the Pound Sterling