market reports

EUR/USD EUR/USD rebounds from previous session losses, trading near 1.1190 during Monday’s Asian session. The pair gains strength as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating by one notch—from Aaa to Aa1—citing rising debt levels and growing interest payment burdens. GBP/USD The GBP/USD pair recovered from prior session losses, trading near the 1.3300 level during Asian session on Monday. The rebound is largely driven by renewed pressure on the US Dollar (USD) after Moody’s Investors Service

EUR/USD EUR/USD has recovered its daily losses, trading around 1.1200 during the Asian hours on Friday. The pair receives support as the US Dollar (USD) weakens following the recent economic data released on Thursday. GBP/USD The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year. Traders will keep an eye on the

EUR/USD EUR/USD trimmed momentum sharply on Wednesday, sticking to a flat holding pattern near the 1.1200 handle despite an early pop in bids. European economic data has been largely a non-starter this week, as is typical. However, a one-two punch of key inflation data from the United States (US) has given plenty of traders something to chew on. GBP/USD GBP/USD is rebounding from recent losses, trading near 1.3280 during the Asian session on Thursday. The pair is supported by a softer US

EUR/USD EUR/USD inches higher to near 1.1200 in European trading hours on Wednesday. The US Dollar stays defensive after the cooler-than-expected US April inflation data. Traders await the speeches from ECB and Fed policymakers and trade headlines for fresh trading impulse.  GBP/USD GBP/USD is trading at atound 1.3300 in Wednesday’s European session, stabilizing after posting over 1% gains in the previous session. The pair treads water as the US Dollar pauses its decline, looking for fresh catalysts. Speeches from BoE and Fed policymakers are in

EUR/USD EUR/USD opened with a bullish gap on Tuesday during the Asian session, trading near the 1.1110 level after suffering losses of over 2.5% in the previous session. The pair faced challenges as the US Dollar (USD) strengthened on the back of progress in the United States (US)-China trade negotiations. GBP/USD GBP/USD fell on Monday, tumbling a little over one percent and pushing the pair back down below the 1.3200 handle after a broad-based recovery in Greenback bidding. The United States (US) and China

EUR/USD The EUR/USD pair kicks off the new week on a weaker note amid a modest US Dollar (USD) uptick, bolstered by the optimism over a US-China trade deal. Spot prices, however, manage to hold above the 1.1200 mark and a one-month low touched last Thursday as traders await the US-China joint statement for more details about the agreement. GBP/USD GBP/USD attracts some sellers as the US-China trade deal eases US recession fears and boosts the USD. The US-UK trade agreement and the

EUR/USD EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK). Europe still appears to be on the outs with the Trump administration, with White House officials continuing to warn the pan-EU continent to “not retaliate” against US import taxes. GBP/USD GBP/USD kicked off Thursday

EUR/USD EUR/USD stuck to its middling ways on Wednesday, remaining entrenched near the 1.1300 handle after the Federal Reserve’s (Fed) latest rate call went about as well as traders expected, albeit with a fresh batch of “wait-and-see” warnings from Fed Chair Jerome Powell. The economic calendar on the European side remains strictly mid-tier this week, leaving Fiber traders to sit and chew on a Fed that is turning increasingly cautious. GBP/USD GBP/USD fell back on Wednesday, shedding six-tenths of one percent as markets

EUR/USD EUR/USD muddled through Tuesday’s market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move. The Federal Reserve’s (Fed) midweek rate call is the key data event this week, keeping investor sentiment chained to its post for the time being. GBP/USD GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see

EUR/USD EUR/USD churned chart paper near the familiar 1.1300 handle to kick off a fresh trading week. The Fiber has been stuck in a choppy consolidation phase as Euro traders struggle to kick off a new push in either direction. GBP/USD GBP/USD snapped a near-term losing streak, pumping the breaks and holding steady near the 1.3300 handle to kick off a fresh trading week. Cable remains down from recent multi-year highs, but price action has pushed into a holding pattern ahead of key