market reports

EUR/USD EUR/USD remains under bearish pressure after dropping below 1.1300 and continues to push lower toward mid-1.1200s on Monday. The renewed dollar strength at the start of the week is weighing on the pair as investors gear up for the critical central bank meetings. GBP/USD The GBP/USD pair remained depressed through the early part of the European session and was last seen hovering near the daily low, around the 1.3225 region. USD/JPY USD/JPY sicks to gains near daily high, around mid-113.00s amid stronger USD/risk-on. AUD/USD The AUD/USD

EUR/USD The EUR/USD is trading low in contrast to yesterday heading into Friday’s European session, marginally below 1.1300 again. The pair is trading at 1.1285 region on the time of writing 11:00 UTC+2. Regarding traders of the Euro currency, they should take into consideration the following data releases: Inflation Rate YoY Final in Germany and Industrial Production MoM in Italy. While the speech of European Central Bank’s president today, Christine Lagarde is expected to affect the major pair. Moreover, all eyes are on U.S data

EUR/USD Heading into Thursday’s European session, the EUR/USD recovers from an intraday low to trade at 1.1335, down 0.12% near the weekly high. Traders of the Euro currency should take into consideration the Monthly Balance of Trade release in Germany. Regarding the USD, Jobless claims will be released later today by the U.S Department of Labor, which may affect the rate of USD, and also the 30-year Bond Auction and Whole Sales Inventories MoM Reports is wise to be taken into consideration by

EUR/USD Heading into Wednesday’s European session, the EUR/USD is trading high around 1.1293, up 0.20% intraday. The major currency pair benefits from the weakening of the US dollar, which is bolstered by lower Treasury yields in the absence of major catalysts. Traders of the Euro currency should keep an eye on the European Central Bank’s President, Christine Lagarde speech today which may affect interest rates in Europe.  Regarding the U.S Dollar, later today traders should expect the release of JOLTs Job Openings report which

EUR/USD Before Tuesday’s European session, the EUR/USD was trading low around 1.1285 region. Heading into the European session, it was last seen trading at 1.1288 at 10:00 UTC+2, with today’s low at 1.1276 and a high at 1.1300.   Traders of the Euro should keep an eye on the monthly ZEW Economic Sentiment Index release, which measures the level of diffusion index based on German institutional investors and analysts and may affect the currency. Regarding the U.S Dollar, traders should expect the release of Balance of Trade. Additionally,

EUR/USD Ahead of Monday’s European session, the EUR/USD stays around the intraday low of 1.1288, down 0.17%. Europegroup meetings will be happening all day, which may affect the euro currency.  Traders should also keep an eye on the following monthly report releases, Germany’s Factory Orders and Italy’s Retails Sales MoM. GBP/USD During the Asian session, the GBP/USD pair was trading around the 1.3230-1.3235 region. Today, the Bank of England’s Deputy Governor, Ben Broadbent is expected to speak at 11:30 UTC, about the outlook of growth, inflation

EUR/USD Ahead of the European day on Friday, the EUR/USD is trading lower around 1.1300. All eyes are on the US Non- Farm Payrolls report that is expected to be released later today. The Bureau of Labour Statistics will also release the Average Hourly Earnings and the Change Unemployment Rate reports, while traders of the US Dollar should also take into account the release of ISM Services PMI report. Concerning the Euro currency, ECB president Christine Lagarde speech with the topic ‘‘Financing the

EUR/USD Ahead of the European day on Thursday, the EUR/USD is hovering around 1.1320. Regarding the euro, traders should consider the release of Unemployment Change in Spain and the data from Eurostat’s which will be released later today, the Producer Price Index and the monthly Unemployment Rate.  As for the US Dollar, traders should keep an eye on the US Treasury Secretary Janet Yellen speech at 14:00 UTC and the FOMC member Thomas Barkin speech at 16:30 UTC. GBP/USD The GBP/USD pair fell a few pips

EUR/USD At the beginning of Wednesday’s European session, the EUR/USD defends 1.1300, taking rounds to 1.1325-1.1230. The major currency pair is looking for clarity after Federal Reserve Chair Powell recalled bond bears, but looming concerns over a South African covid variant and vaccine news test decline ahead of key US data and events. Regarding the US Dollar, traders should consider the release of ADP Non-Farm Employment Change and ISM Manufacturing PMI, while Federal Reserve Chair Jerome Powell will testify for the second

EUR/USD As the begging of the European session today, the EUR/USD has gained 0.15 % by early morning on the day, reversing the previous day’s losses, as cautious optimism in the markets reduces demand for the US dollar as a safe haven. The pair is trading between 1.12812-1.13669 until the time of writing, 12:00pm UTC+2. Aside from the Eurozone CPI, the US CB Consumer Confidence for November and the covid updates, as well as Fed Chair Jerome Powell’s testimony, will be