EUR/USD The EUR/USD pair gains traction for the fifth consecutive day during the early European session on Wednesday. The decline of the US Dollar (USD) lends some support to the major pair. GBP/USD GBP/USD gains positive traction for the fifth successive day and climbs to a fresh three-month top. Bets that the Fed is done raising rates and may start easing the policy in 2024 undermine the USD. Diminishing odds for an early BoE rate cut remain supportive of the strong follow-through
EUR/USD EUR/USD is battling 1.0950, retreating from near three-month high of 1.0965 early Tuesday. The pair faces some selling pressure, as the US Dollar finds its feet amid a mixed market sentiment and ahead of a slew of Fedpseak. Speeches from ECB officials also remain in focus. GBP/USD GBP/USD is holding steady above 1.2600, having retested the two-month high of 1.2644 set on Monday. The pair maintains its upward trajectory, as the USD licks its wounds amid sluggish US Treasury bond yields. All eyes
EUR/USD EUR/USD continues the winning streak, hovering below the psychological level at the 1.0950 level during the Asian session on Monday. The Euro receives upward support, which could be attributed to the weaker USD. GBP/USD GBP/USD trades around 1.2500 during the Asian session on Monday, attempting to extend gains for the third consecutive session. The GBP/USD pair received upward support from the hawkish tone of Bank of England’s (BoE) officials. USD/JPY The USD/JPY pair maintains the multi-session range-bound theme unchanged around the mid-149.00s during the early Asian session on
EUR/USD The EUR/USD pair trades in positive territory above 1.0900 during the early Asian trading hours on Friday. The uptick of the Euro (EUR) is bolstered by the stronger-than-expected Eurozone PMI data. On Friday, market players will shift their attention to the new reading of German Gross Domestic Product for the third quarter (Q3) and US PMI data. At press time, EUR/USD is up 0.03% on the day to trade at 1.0909. GBP/USD GBP/USD hovers around 1.2530 during the Asian session on Friday after
EUR/USD The EUR/USD pair snaps its two-day losing streak and surges above 1.0900 during the Asian session on Thursday. Traders will closely monitor the Eurozone preliminary PMI data and the minutes of the ECB on Thursday. GBP/USD GBP/USD strives to bounce back after its three-day winning streak paused in the previous session, trading marginally higher around 1.2500 during the Asian session on Thursday. The pair faced challenges in the previous session, influenced by the strengthened US Dollar (USD) following economic data releases from the United States (US). Investors
EUR/USD EUR/USD is holding steady at around 1.0900 in the European morning on Wednesday. The pair is struggling to gain traction, despite hawkish comments from ECB President Lagarde on Tuesday. A souring market mood is lifting the safe-haven demand for the US Dollar while the Fed Minutes failed to impress. US data awaited. GBP/USD GBP/USD is trading under pressure below 1.2550 in Wednesday’s early European session. The pair’s weakness is backed by renewed US Dollar demand, as markets remain jittery ahead of a fresh batch of
EUR/USD EUR/USD is trading above 1.0950, in the positive territory for the fourth consecutive day early Tuesday. The US dollar tracks the US Treasury bond yields lower, lending support to the pair. Focus shifts to the Fed Minutes amid increased dovish Fed expectations and a cautious market mood. GBP/USD GBP/USD is holding its advance above 1.2500 in the European session on Tuesday. The pair is supported by the hawkish remarks from BoE Governor Bailey on Monday. Further, a sustained US Dollar weakness alongside the
EUR/USD EUR/USD continues the winning streak, trading around a three-month high at 1.0920. The pair seems to approach immediate resistance around the major level at 1.0950 as the US Dollar faces pressure on the likelihood of the Fed to conclude its interest rate-hike cycle. GBP/USD The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar and lower US Treasury bond yields. USD/JPY The USD/JPY pair meets with a fresh
EUR/USD The EUR/USD pair stalls the overnight modest pullback from the 1.0900 neighbourhood, or its highest level since August 31 and oscillates in a narrow trading band during the Asian session on Friday. Spot prices currently trade around the mid-1.0800s, nearly unchanged for the day, as traders seek more clarity about the Federal Reserve’s (Fed) policy outlook before placing fresh directional bets. GBP/USD GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United
EUR/USD EUR/USD is trading on the back foot below 1.0850 in early European trading on Thursday. Markets remain risk-averse, assessing the Fed interest rate expectations, helping the safe-haven US Dollar stay afloat. However, the downside appears limited amid falling US Treasury bond yields. ECB- and Fed-speak is in focus. GBP/USD GBP/USD is trading back below 1.2400, extending losses in the European session on Thursday. The pair is feeling the pull of gravity amid a steady recovery in the US Dollar and a risk-off market mood.