Pre Loader

finance

07.07.2023 Market Report

EUR/USD EUR/USD is recovering ground to trade close to 1.0900 in the early European morning. The pair looks to extend its rebound, as the US Dollar stays on the back foot amid a pullback in the US Treasury bond yields, as investors turn cautious mood ahead of US NFP data and Lagarde’s speech.  GBP/USD GBP/USD takes offers to extend pullback from the highest level in a fortnight. The three week low mark challenges Cable buyers as US employment report looms. BoE hawks

04.07.2023 Market Report

EUR/USD  EUR/USD is trading close to 1.0900, holding lower ground in early Europe. The main currency pair is facing selling pressure as the market mood turns cautious and underpins the safe-haven US Dollar. Thin trading to extend on the US Independence Day. GBP/USD GBP/USD is hovering around the 1.2700 level, struggling for a clear direction in the European morning. Fears of recession and the US-China tussle put a floor under US Dollar, weighing on the major. Traders are likely to stay on the sidelines on the

03.07.2023 Market Report

EUR/USD EUR/USD is holding steady above 1.0900, defending the latter ahead of the European Open. The pair is looking for a fresh directional impetus amid thin trading conditions and ahead of the Eurozone final PMIs and the top-tier US ISM Manufacturing PMI.  GBP/USD GBP/USD remains confined in a narrow trading band through the Asian session on Monday. Bets for more Fed rate hikes help revive the USD demand and cap the upside for the major. The BoE’s aggressive tightening fuel recession fears and also

30.06.2023 Market Report

EUR/USD EUR/USD is holding lower ground near 1.0850, hanging at the weekly low early Friday. Economic woes act as a headwind for the Euro, though subdued USD demand lends support. Traders also seem reluctant ahead of the key inflation figures from the Eurozone and the US. GBP/USD GBP/USD attracts some buyers on Friday and draws support from subdued USD price action. The BoE’s aggressive rate hike fueled recession fears and could act as a headwind for the GBP. The hawkish Fed should limit

29.06.2023 market Report

EUR/USD EUR/USD is trading on the back foot near 1.0900, as markets stay cautious ahead of Fed Chair Powell’s speech early Thursday. Traders refrain from placing fresh bets on the pair, awaiting the Spanish and German inflation data for fresh cues on the ECB’s rate hike path.  GBP/USD GBP/USD is trading below 1.2650, languishing at two-week lows on Thursday. The Fed’s hawkish outlook continues to underpin the US Dollar, weighing on the pair. The focus shifts to Fed Chair Powell’s speech for fresh trading

28.06.2023 Market Report

EUR/USD The EUR/USD pair is displaying topsy-turvy moves around 1.0950 in the Asian session. The major currency pair is struggling to find direction as investors are awaiting the speech from Federal Reserve (Fed) chair Jerome Powell for further guidance on interest rates. GBP/USD GBP/USD defends the previous day’s notable rebound, as well as the first daily gains in four, as it makes rounds to 1.2750 during early Wednesday morning in Asia. In doing so, the Cable pair portrays the typical pre-event anxiety ahead of the

21.06.2023 Market Report

EUR/USD The EUR/USD pair is demonstrating a non-directional performance above the round-level support of 1.0900 in the Asian session. The major currency pair is following the footprints of the sideways US Dollar Index (DXY), which is expected to provide action after Federal Reserve (Fed) chair Jerome Powell’s testimony. GBP/USD GBP/USD is losing the upside traction, holding steady above 1.2750 ahead of the high-impact UK CPI inflation data. The annual UK CPI is seen rising 8.4% in May, against an 8.7% increase reported in April while the Core CPI

20.06.2023 Market Report

EUR/USD The EUR/USD pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band, just above the 1.0900 round-figure mark through the Asian session. The US Dollar (USD) builds on its recent bounce from over a one-month low touched last Friday and edges higher for the third successive day. GBP/USD GBP/USD remains defensive near 1.2780 as it struggles to justify the hawkish concerns about the Bank of England (BoE) ahead of the UK’s inflation data. The recently mixed concerns about

19.06.2023 Market Report

EUR/USD The EUR/USD pair is oscillating in a narrow range around 1.0940 in the late Asian session. The major currency pair is demonstrating a non-directional performance as the street is divided about the further roadmap of interest rate policy to be attempted by the Federal Reserve (Fed). GBP/USD GBP/USD sellers prod intraday low of around 1.2810 heading into Monday’s London open, printing the first daily loss in five at the highest levels in 14 months. The British Pound (GBP) continues with its relative

15.06.2023 Market Report

EUR/USD The EUR/USD pair attracts some selling following an early uptick to the 1.0845 region during the Asian session on Thursday and retreats further from a nearly one-month high touched the previous day. The pair currently trades near the lower end of its intraday trading range, just above the 1.0800 mark. GBP/USD GBP/USD remains depressed around 1.2650 as it prints the first daily loss in three heading into Thursday’s London open. In doing so, the Cable pair retreated from the highest levels since