market reports

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

EUR/USD EUR/USD extends its decline for the fifth consecutive day, trading near 1.0550, marking fresh yearly lows during Thursday’s Asian session. This downside of the pair is mainly attributed to the strengthening US Dollar (USD), driven by “Trump trades.” GBP/USD The GBP/USD pair extends the decline to near 1.2685 during the Asian trading hours on Thursday. A rally in the US Dollar (USD) to the highest level since November 2023 weighs on the major pair. The Bank of England (BoE) Governor Andrew Bailey is set

EUR/USD The EUR/USD pair remains under pressure on Wednesday, holding steady just above the 1.0600 level during Asian trading hours. This would mark the fourth consecutive day of losses for the Euro, as the pair continues to face downward momentum. GBP/USD GBP/USD extends its losing streak for the fourth successive session, trading around 1.2740 during the Asian hours on Wednesday. This downside of the pair is attributed to a stronger US Dollar (USD) amid optimism around the Trump trades. USD/JPY USD/JPY consolidates after hitting the

EUR/USD EUR/USD drops toward 1.0600, extending its decline for a third consecutive day early Tuesday. The pair remains undermined by tariffs threat likely under US President-elect Donald Trump and on increased bets for ECB rate cuts. Germany’s ZEW survey and Fedsepak are awaited.  GBP/USD GBP/USD extends its downside below 1.2850 early Tuesday. The US Dollar remains firm as Trump trades continue to benefit. Investors eagerly await the UK employment data for further trading impetus in the major.  USD/JPY The Japanese Yen (JPY) recovers around 50-60

EUR/USD EUR/USD stays defensive above 1.0700 in European trading on Monday. The pair reamins undermined by the German political risks and a sustained US Dollar strength, as traders brace for the key US inflation data later this week. US holiday-led thin trading is likely to extend.  GBP/USD GBP/USD weakens to near 1.2900 in the European session on Monday. A broadly firmer US Dollar, following Donald Trump’s US election win, continues to weigh on the pair alongside resurfacing China’s economic woes and pre-US inflation report

EUR/USD EUR/USD is trading under pressure below 1.0800 in European trading on Friday. A renewed US Dollar uptick and a cautious mood weigh on the pair, as traders digest the Trump win and the Fed rate cut ahead of the US preliminary Consumer Sentiment data for November. GBP/USD GBP/USD edges lower toward 1.2950 in the early European session on Friday. The emergence of dip-buying in the US Dollar and a tepid risk tone undermine the pair. The BoE’s cautious rate cut could check

EUR/USD EUR/USD holds ground after depreciating around 2% in the previous session, trading near 1.0740 during the Asian session on Thursday. The downside risk for the EUR/USD pair seems possible as the US Dollar (USD) may receive support from Trump trades following the victory of Republicans in the US election. GBP/USD The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day. Spot prices now

EUR/USD EUR/USD sustains the sell-off on 1.0700, down nearly 1.50% so far, as the focus remains on the US Presidential election outcome. With polls closed in most states, including critical battlegrounds, the Republican nominee Trump is seen leading, underpinning the US Dollar upsurge.  GBP/USD GBP/USD is trading with steep losses near 1.2850 in European trading on Wednesday. A potential Donald Trump presidency has revived the Trump trades, lifting the US Dollar across the board at the expense of the Pound Sterling.  USD/JPY The Japanese Yen

EUR/USD The EUR/USD pair trades with mild gains near 1.0880 during the early Asian session on Tuesday. The US Dollar (USD) edges lower as traders brace for the outcome of the US presidential election and a likely interest rate cut from the Federal Reserve (Fed), which supports some support for the major pair.  GBP/USD The GBP/USD pair trades flat near 1.2950 during the early Asian session on Tuesday. Traders will closely monitor the outcome of the US presidential election. On Thursday, the attention

EUR/USD EUR/USD retraces its recent losses from the previous session, trading around 1.0880 during Asian hours on Monday. The pair’s upside can be attributed to a softer US Dollar (USD) after the release of weaker-than-expected US October Nonfarm Payrolls (NFP) data. However, uncertainty surrounding the US presidential election could drive safe-haven flows, potentially limiting the upside of the EUR/USD pair. GBP/USD The GBP/USD pair jumps to near 1.2970 on the softer Greenback during the Asian trading hours on Monday. The US Dollar (USD) remains