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EUR/USD EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany’s ZEW survey and Powell awaited.  GBP/USD GBP/USD drifts lower for the third straight day on Tuesday and drops to its lowest level since November 17 during the Asian session. Spot prices trade around the 1.2420 region as traders now look to the UK monthly employment

EUR/USD EUR/USD is holding recovery gains above 1.0650 in European trading on Monday. A broadly subdued US Dollar and improving risk appetite bode well for the pair, as markets weigh the weekend’s Middle East escalation. Focus shifts to EU and US data.  GBP/USD GBP/USD gains ground amid a stable US Dollar (USD), trading around 1.2460 during Asian hours on Monday. The US Dollar (USD) maintains its position below its peak since November 2023, potentially restricting the upward momentum of the GBP/USD pair. USD/JPY USD/JPY

EUR/USD EUR/USD is holding steady above 1.0850 in early Europe on Tuesday. The US Dollar struggles to find its feet amid the pullback in the US Treasury bond yields and a cautious market mood, leaving the pair sidelined. Focus shifts to more Fedspeak for fresh trading incentives.  GBP/USD GBP/USD holds ground in the positive territory, hovering around 1.2650 during the early Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. USD/JPY The US Dollar has nudged higher against the Japanese Yen

EUR/USD The EUR/USD pair struggles to capitalize on Friday’s goodish rebound of around 50 pips from sub-1.0800 levels and meets with a fresh supply during the Asian session on Monday. Spot prices currently trade around the 1.0825-1.0820 region and remain at the mercy of the US Dollar (USD) price dynamics, though the downside seems cushioned. GBP/USD GBP/USD broke its previous week’s consolidation to the downside and reached the lowest level in seven weeks near 1.2540 on Tuesday. The pair staged a rebound

EUR/USD EUR/USD is trading near 1.0849 on Friday’s Asian session. Words of caution from Federal Reserve officials on Thursday about the need to keep interest-rate cuts in check until inflation clearly slows snuffed a Wall Street stock rally and sparked a rise in bond prices. Global equity markets had risen after data showing an increase in new claims for U.S. unemployment benefits kept intact the outlook for the Fed to soon cut rates, ahead of a key jobs report due out

EUR/USD EUR/USD is creeping higher to near 1.0850 on Thursday’s European morning. The US Dollar stays defensive after the weaker-than-expected US March ISM Services PMI data and Fed Chair Powell’s comments, underpinning the pair ahead of more Fedspeak and US jobs data.  GBP/USD GBP/USD is trading above 1.2650 early Thursday, finding support from a broadly subdued US Dollar. Mixed US data, dovish Fed commentary and an upbeat market mood continue to act as a headwind to the US Dollar ahead of more statistics and Fedspeak.  USD/JPY The USD/JPY pair

EUR/USD EUR/USD is holding its recovery but remains below 1.0800 early Wednesday. The pair draws support from a broadly weaker US Dollar even as Germany’s inflation cooled down and markets stay unnerved ahead of the Eurozone HICP release, US ADP jobs data and Powell’s speech.  GBP/USD GBP/USD recovers some lost ground and trades around 1.2580 on Wednesday during the early European session. The decline of the USD Index and the dismal market mood in the UK economy act as a tailwind for the major

EUR/USD EUR/USD remains under selling pressure nearly a weekly low below 1.0750 in Tuesday’s Asian trading.  The recent US Dollar upsurge, in the wake of strong US ISM PMI data, weighs on the pair amid investors’ nervousness ahead of the key German inflation data.  GBP/USD GBP/USD remains on the defensive around 1.2545 during the Asian session on Tuesday. The US Dollar Index rises above the 105.00 mark, and the US Treasury bond yields edges higher sharply overnight following the upbeat US ISM data, which creates

EUR/USD EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar influenced by the hawkish market sentiment surrounding the Federal Reserve and expectations of prolonged higher interest rates.  GBP/USD GBP/USD trades on a weaker note around 1.2620 during the early European session on Friday. The decline of Pound Sterling is backed by the growing speculation that the Bank of England will begin the rate-cut cycle this year. USD/JPY The USD/JPY pair holds positive ground for the second consecutive day near 151.45 on

EUR/USD EUR/USD struggles to gain traction and continues to move in a tight channel slightly above 1.0800. The data from Germany showed that Retail Sales declined by 1.9% on a monthly basis in February, making it difficult for the Euro to attract buyers. GBP/USD GBP/USD remains defensive below 1.2650 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday