finance

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.

EUR/USD The EUR/USD surges above 1.0850 but faces rejection below the 1.0900 mark during the early European trading hours on Wednesday. The weaker-than-expected US inflation data exerts some selling pressure on the US Dollar (USD) and supports the EUR/USD pair.  GBP/USD GBP/USD came under modest bearish pressure and declined below 1.2500 in the European morning on Wednesday. The data from the UK showed that the annual CPI inflation softened to 4.6% in October from 6.7% in September, causing Pound Sterling to lose interest.  USD/JPY The

EUR/USD EUR/USD is battling 1.0700, lacking a clear directional impetus in the early European trading on Tuesday. Traders turn cautious ahead of key data from the Eurozone and the US. Meanwhile, resurgent US Dollar demand is likely to cap the upside attempts in the pair.  GBP/USD GBP/USD edged higher toward 1.2300 in the early European morning on Tuesday. The data from the UK revealed that the ILO Unemployment Rate held steady at 4.2% in three months to September, while wage inflation including bonus declined to 7.9% from 8.2%. USD/JPY The

EUR/USD The EUR/USD oscillates within a narrow trading range below the 1.0700 mark during the Asian session on Monday. Traders prefer to wait on the sidelines ahead of the Eurozone Gross Domestic Product for the third quarter (Q3). The softer report could weigh on the Euro and act as a headwind for the pair. GBP/USD GBP/USD extends its gains for the second consecutive day, trading higher around 1.2230 during the Asian session on Monday. The GBP/USD pair might have received upward support from the better-than-expected preliminary Gross Domestic

EUR/USD EUR/USD spent the Asian session in a tight band below 1.0700 but started to edge lower in the early European session. The US Dollar holds its ground following Fed Chairman Powell’s hawkish comments and doesn’t allow the pair to gain traction. GBP/USD GBP/USD continues to fluctuate in a narrow channel slightly above 1.2200. The data from the UK showed that the GDP expanded at an annual rate of 0.6% in Q3. Although this reading came in above the market expectation of

EUR/USD The EUR/USD hovers around 1.0710 during the Asian session on Thursday. The pair experiences a lack of directional momentum, leaving the pair without a clear trend. However, the Euro lies in the green zone after the mixed economic data from the Eurozone and Germany. GBP/USD The GBP/USD pair stalls the overnight modest bounce from the 1.2240 area or the weekly low near the 100-hour SMA and oscillates in a narrow trading band during the Asian session on Thursday. Spot prices trade around the 1.2280 region, nearly unchanged

EUR/USD EUR/USD is trading on the defensive below 1.0700, lacking any firm direction in early Europe on Wednesday. A modest US Dollar uptick amid a cautious mood and positive US Treasury bond yields is weighing on the pair. All eyes remain on Fed Chair Powell’s speech.  GBP/USD GBP/USD is under renewed bearish pressure below 1.2300 in European trading on Wednesday. The US Dollar upswing seems to regain momentum, as investors turn cautious ahead of speeches from BoE Governor Bailey and Fed Chair Powell. USD/JPY The Japanese