market reports

EUR/USD EUR/USD is rebounding toward 1.0600 amid a broad US Dollar retreat. Hawkish ECB-speak power the Euro amid weak US Treasury yields. EUR/USD is not out of the woods yet amid a symmetrical triangle breakdown. GBP/USD GBP/USD has turned sideways below 1.2000 as investors await US ISM PMI data for fresh cues. Cable is defending mild gains, as the US Dollar retreat amid a broad sell-off in the US Treasury yields amid a cautiously optimistic mood. Fed Minutes also eyed.  USD/JPY USD/JPY is on the

EUR/USD EUR/USD is holding steady above 1.0650, paring back gains heading into the European open. The US Dollar is trading choppy in a narrow range, having paused its decline amid an upbeat risk sentiment. Germany’s inflation data is awaited.  GBP/USD GBP/USD is holding onto the latest upswing toward 1.2100, as bulls jump back into the game amid holiday-thinned market conditions. The main catalyst behind the pair’s renewed upside is the fresh round of selling seen in the US Dollar across the board. As

EUR/USD EUR/USD portrays exhaustion of the previous bull-run amid Monday’s holiday-inspired lackluster trading day. In doing so, the major currency pair fades the previous day’s upside break. GBP/USD GBP/USD takes offers to pare intraday gains around 1.2080, teasing bears for the first time in three days, even as the holiday mood limits the Cable pair’s immediate moves. Multiple negatives surrounding the UK seemed to have lured the GBP/USD bears of late. Among them, British Prime Minister (PM) Rishi Sunak’s shelving of the plans

EUR/USD EUR/USD is trading on the defensive at around 1.0650 in the early European morning. The pair is undermined by a broad-based US Dollar rebound, as investors resort to repositioning on the last trading day of 2022. GBP/USD GBP/USD reverses the previous day’s gains, the biggest in two weeks, while taking offers to refresh the intraday low around 1.2040 heading into Friday’s London open. In doing so, the Cable pair justifies the downbeat signals surrounding the British economy, as well as the recent

EUR/USD EUR/USD is trading sideways in a narrow range above 1.0600 in typical pre-New Year thin markets. The pair is finding support from the risk-off flows-led retreat in the US Treasury yields, which is dragging the US Dollar lower. China’s covid concerns dent risk appetite.  GBP/USD GBP/USD slides to 1.2025 as it consolidates the intraday gains, the first in three days, during the early Thursday morning in London. The Cable pair’s latest weakness could be linked to the escalated fears surrounding COVID-19

EUR/USD EUR/USD is grinding higher to near 1.0650 in the early European morning, reversing the initial pullback. The US Dollar rebound seems to have lost traction despite a cautious market mood, as retreating US Treasury yields weigh. US data awaited.  GBP/USD GBP/USD treads water around 1.2030 as it struggles for clear directions amid mixed clues and the year-end holiday season. The Cable pair welcomed bears the previous day as the US Treasury yields underpinned the US Dollar. However, the Covid-linked optimism in

EUR/USD EUR/USD is holding gains at around 1.0650 ahead of the European open. The pair capitalizes on a broad-based US Dollar weakness, as risk flows dominate on China’s further reopening moves. Holiday-thinned light trading will extend ahead of mid-tier US data.  GBP/USD GBP/USD is trading sideways around 1.2100 amid light trading, as the UK markets are closed in observance of Christmas Day. China-driven risk-on mood is helping the GBP/USD pair at the expense of the US Dollar.  USD/JPY USD/JPY is trading on the defensive

EUR/USD EUR/USD clings to mild gains near 1.0610 as the pair buyers retake control after a two-day losing streak. That said, the major currency pair’s latest inaction could be linked to the market’s cautious mood, as well as the holiday season, during early Friday in Europe. GBP/USD GBP/USD steps back from intraday high of 1.2058 heading into Friday’s London open. In doing so, the Cable pair fails to defend the first daily gains in three weeks. The US Dollar was supported by

EUR/USD EUR/USD is attempting a rebound toward 1.0650 in Thursday’s Asian trading. The US Dollar comes under renewed selling pressure amid a risk-on market profile, as investors finally see a ‘Santa rally’ coming through.  GBP/USD GBP/USD is printing mild gains above 1.2100, reversing the previous day’s loss ahead of the final Q3 GDP data from the UK and the US. The US Dollar weakness amid a risk-on market mood is underpinning the Cable.  USD/JPY USD/JPY picks up bids to consolidate intraday losses around 131.90

EUR/USD EUR/USD is on the defensive while eyeing 1.0600 heading into Wednesday’s European session. The pair is undermined by a broad-based US Dollar rebound amid a recovery in risk sentiment, shrugging off the ongoing surge in the Treasury yields. US data awaited.  GBP/USD GBP/USD extends the previous day’s rebound from a three-week low, up 0.11% intraday near 1.2190 during the mid-Asian session on Wednesday. In doing so, the Cable pair cheers the broad-based US Dollar weakness due to the receding fears of the recession. However, the