market reports

EUR/USD EUR/USD halts to continue a two-day winning streak ahead of the monetary policy decisions from the United States and the Eurozone on Wednesday and Thursday, respectively. The EUR/USD pair trades lower around 1.0790 during the Asian session on Wednesday. GBP/USD GBP/USD exhibits a sideways movement as it braces for a barrage of data releases from both nations, hovering around 1.2550 in early Europe on Wednesday. The pair experienced notable volatility in the previous session, driven by the UK employment data and the US inflation report.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD is trading above 1.0750, confined in a narrow trading band for the second straight day on Tuesday. Broad US Dollar retreat and a cautious mood have kept the pair sidelined. Traders now look to US CPI for fresh impetus amid dovish Fed/ECB pricing. GBP/USD GBP/USD clings to small daily gains above 1.2550 after the UK jobs report, which showed a further softening in wage inflation in October. Later in the day, November Consumer Price Index (CPI) data from the US

EUR/USD EUR/USD is trading sideways above 1.0750 in early Europe on Monday. The pair defends bids amid a modest risk-recovery and sluggish US bond yields. The US Dollar is struggling for upside traction, as traders refrain from placing fresh bets ahead of Tuesday’s US inflation data.  GBP/USD  GBP/USD is holding steady near 1.2550, lacking a clear directional bias in European morning on Monday. The pair is struggling amid investors’ caution ahead of key economic data and central banks’ meetings from the US and the

EUR/USD EUR/USD is posting small losses below 1.0800 in the European morning on Friday, stalling its rebound from three-week lows. The pair is weighed by a rebound in the US Dollar alongside the US Treasury bond yields, as the focus turns to the critical NFP report. GBP/USD The GBP/USD pair consolidates in a narrow range of 1.2583–1.2600 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the highly anticipated US Nonfarm Payrolls report. At press time,

EUR/USD EUR/USD is picking up fresh bids toward 1.0800 in European trading on Thursday. The US Dollar is tracking the USD/JPY decline, despite a dour mood and rebounding US Treasury bond yields. Focus is on EU GDP revision and US jobs data.  GBP/USD The GBP/USD pair extends its downside above the mid-1.2500s during the early Asian trading hours on Thursday. The downtick of the pair is backed by the firmer US Dollar (USD) broadly. In the absence of economic data released from the

EUR/USD EUR/USD is trading sideways near 1.0800 in the European morning on Wednesday. The pair is benefiting from the retreating US Dollar, although a cautious risk tone limits the optimism ahead of a busy EU and US economic docket. US ADP is the key event risk.  GBP/USD The GBP/USD pair snaps the two-day losing streak and holds above the 1.2600 support level during the Asian trading hours on Wednesday. The modest decline of the US Dollar creates a tailwind for the pair.

EUR/USD EUR/USD is ranging in a narrow band near 1.0850 in early Europe on Tuesday. The renewed downtick in the US Dollar alongside the US Treasury bond yields is supporting the pair while broad risk-aversion is capping its upside. US jobs and ISM PMI eyed.  GBP/USD The GBP/USD pair edges higher during the Asian session on Tuesday and looks to build on the overnight bounce from the 1.2600 mark, representing the lower boundary of a one-week-old trading range. Spot priceshover around the 1.2630-1.2635 region

EUR/USD EUR/USD is dropping toward 1.0850 in the European morning on Monday. The pair is undermined by a fresh safe-haven demand for the US Dollar amid renewed geopolitical risks.  A modest uptick in the US Treasury bond yields also favors the US Dollar. EU’s Sentix and Lagarde speech awaited.  GBP/USD GBP/USD is falling toward 1.2650 in early Europe on Monday. The US Dollar is finding support from the escalating Middle East conflict, weighing on the pair. However, the downside seems limited on increased Fed

EUR/USD The EUR/USD pair hovers around the 1.0900 psychological mark after retracing from the multi-month high of 1.1017 during the early Asian trading hours on Friday. Falling inflation and a stagnant economy in the Eurozone fuel hopes that interest rates could soon be cut.  GBP/USD GBP/USD recovers its recent losses registered in the previous session, trading higher around 1.2650 during the Asian session on Friday. The pair strengthened on weaker US Dollar amid downbeat US Treasury yields.  USD/JPY The US Dollar (USD) is trying to claw back chart paper

EUR/USD EUR/USD is struggling below 1.1000, as the US Dollar clings to recovery gains in Asian trading hours on Thursday. Wednesday’s softer-than-expected German and Spain inflation data weighed on the Euro. Investors await the Eurozone inflation data on Thursday for fresh impetus.  GBP/USD The GBP/USD pair attracts some buyers below the 1.2700 psychological mark during the early Asian session on Thursday. That being said, the softer US Dollar offers some support to the major pair. GBP/USD is trading near 1.2695, up 0.02% on the day. USD/JPY The