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EUR/USD EUR/USD floats near 1.0920 during Asian trading hours on Wednesday. The pair encountered volatility on Tuesday, primarily driven by the release of February’s inflation data from Germany and the United States (US). While German figures matched expectations, US inflation numbers exceeded expectations. GBP/USD The GBP/USD pair struggles to capitalize on the previous day’s late rebound from levels below mid-1.2700s, or the weekly low and oscillates in a narrow trading band during the Asian session on Wednesday. Spot prices currently trade just

EUR/USD EUR/USD is holding minor gains below 1.0950 in Tuesday’s European trading. A renewed US Dollar weakness alongside the US Treasury bond yields underpins the pair. However, further upside in EUR/USD hinges on the US CPI data release.  GBP/USD GBP/USD remains sidelined above the 1.2800 mark early Tuesday. The pair is awaiting the UK employment data for a fresh trading impetus. Traders also stay on the edge ahead of the critical US CPI inflation data. USD/JPY USD/JPY kicked off the new week on the low

EUR/USD EUR/USD is trading in a tight range below 1.0950 in the European morning on Monday, extending its sideways movement amid a steady US Dollar and a tepid risk tone. Traders refrain from placing fresh bets on the major ahead of Tuesday’s US CPI data release.  GBP/USD GBP/USD is holding lower ground near 1.2850 in early Europe on Monday. The US Dollar stalls its losing streak, as markets turn risk-averse ahead of the all-important US CPI report due on Tuesday. Range trade is likely

EUR/USD EUR/USD is retreating from two-month highs near 1.0950 in the European morning on Friday. The pair rallied on Thursday, bolstered by prospects of movement from the ECB and an easing US Dollar on the back of a dovish tone from Fed Chair Jerome Powell. US NFP coming up next.  GBP/USD GBP/USD seems to continue its winning streak that began on March 1, hovering around 1.2810 during the Asian session on Friday. The GBP/USD pair receives upward support as the US Dollar faces challenges on improved risk appetite amid

EUR/USD EUR/USD remains steady around 1.0900 during the Asian session on Thursday, retracing slightly from its six-week high of 1.0915 reached in the prior session following dovish remarks by Fed Chair Jerome Powell during his testimony before the House Financial Services Committee. GBP/USD The GBP/USD pair breaks above the 1.2700 barrier and trades around 1.2735 during the Asian session on Thursday. The uptick of the major pair is bolstered by the weaker US Dollar and encouraging news from the UK Spring Budget. USD/JPY Rumors that the Bank of

EUR/USD EUR/USD is picking up fresh bids above 1.0850 in European trading on Wednesday, as the US Dollar licks its wounds amid a cautiously optimistic market mood ahead of Fed Chair Powell’s testimony and US jobs data. EU Retail Sales report is eyed as well.  GBP/USD GBP/USD retraces daily losses and seems to continue its winning streak, hovering around 1.2700 during the Asian trading session before the UK Chancellor Jeremy Hunt’s Budget Report on Wednesday.  USD/JPY The USD/JPY lost traction during the late-North American session, edged down

EUR/USD The EUR/USD pair struggles to capitalize on its strong gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Tuesday. Spot prices trade around mid-1.0800s, nearly unchanged for the day and just below a one-week high touched on Monday. GBP/USD GBP/USD trades on a softer note around 1.2685 during the early European session on Tuesday. The major pair edges lower amid the modest recovery of the US Dollar. February’s labor market report

EUR/USD EUR/USD is holding gains near 1.0850 in Asian trading on Monday. The US Dollar is finding its feeling, as Asian markets trade mixed and fuel a sense of caution. Investors remain unnerved ahead of a big week, with ECB rate decision and Powell’s testimony in focus.  GBP/USD The GBP/USD pair builds on Friday’s goodish rebound from the 1.2600 round figure, or a one-and-half-week trough and gains some positive traction for the second successive day on Monday. The momentum lifts spot prices

EUR/USD EUR/USD holds positive ground near 1.0811 during the early European session on Friday. The major pair recovers despite the renewed US Dollar demand. Market players will take more cues from the Eurozone inflation data due later in the day. GBP/USD The GBP/USD pair attracts some buying during the early European trading hours on Friday and for now, seems to have snapped a two-day losing streak to a one-week low, around the 1.2615-1.2610 region touched the previous day.  USD/JPY The USD/JPY trades with losses below the Tenkan-Sen

EUR/USD EUR/USD is trading sideways above 1.0800 in the European morning on Thursday. The pair stays underpinned by the renewed US Dollar weakness. But further upside remains elusive ahead of the key inflation data from Germany and the US.  GBP/USD The GBP/USD pair builds on the previous day’s goodish rebound from the weekly low and attracts some follow-through buying during the Asian session on Thursday. Spot prices currently trade above mid-1.2600s and draw support from a modest US Dollar (USD) downtick, though