finance

EUR/USD EUR/USD is advancing toward 1.0450 in early European trading. The US Dollar licks its dovish Fed minutes-inflicted wounds amid light trading on Thanksgiving Day and weaker US Treasury yields. Focus shifts to German IFO and ECB minutes.  GBP/USD GBP/USD is cheering broad US Dollar weakness to defend gains below 1.2100. Brexit pessimism, mixed UK PMIs probe the upside momentum during Thanksgiving holiday in the US. Dovish Fed minutes and downbeat US statistics weigh down on the dollar. USD/JPY At the time of writing,

EUR/USD EUR/USD clings onto recent gains above 1.0300 in early European trading, as traders await the Euro area preliminary PMIs for fresh impetus. The US Dollar licks its wounds, despite a cautious market mood. US data and Fed minutes eyed as well.  GBP/USD GBP/USD is holding steady below 1.1900, struggling in the early European morning. The US Dollar repositions ahead of the top-tier US economic data and the Fed November meeting minutes. China’s covid woes and renewed Brexit updates keep investors on the

EUR/USD EUR/USD is trading sideways at around 1.0250 in early European trading. Less-hawkish commentary from Fed policymakers weighs on the US Dollar and the US Treasury yields. Meanwhile, ECB officials see the need for smaller rate increases next month.  GBP/USD GBP/USD is holding onto the recovery gains at around 1.1850, as the US Dollar recovery fizzles out alongside the US Treasury yields following recent mIxed messages from the Fed officials. Brexit debates and Fedspeak will be eyed in absence of high-tier US economic

EUR/USD EURUSD is trading under pressure below 1.0300 as risk-off sentiment intensified on surging covid cases and fresh lockdowns in China. The US Dollar cheers a flight to safety as well as hawkish Fed commentary. A light calendar ahead.  GBP/USD GBPUSD is kicking off the week on the wrong footing amid resurgent safe-haven demand for the US Dollar. China’s covid woes-induced risk aversion weighs negatively on the higher-yielding Pound Sterling ahead of BoE policymaker Jon Cunliffe’s speech.  USD/JPY USDJPY has prospects for a significant bullish

EUR/USD EURUSD is defending early gains above 1.0350 in the European session. The pair fails to find support from ECB Chief Lagarde’s comments while the US Dollar struggles alongside the Treasury yields amidst hawkish Fedspeak amid China’s reopening optimism.  GBP/USD GBPUSD is extending gains above 1.1900, as the US Dollar comes under fresh selling pressure. Investors reassess the UK’s fiscal plan on the last trading day of the week. Meanwhile, the data from the UK revealed that Retail Sales rose by 0.6% in October. USD/JPY USDJPY prints

EUR/USD EURUSD moves up and down in a tight channel below 1.0400 early Thursday while waiting for the next catalyst. October Harmonized Index of Consumer Prices will be featured in the European docket ahead of mid-tier data releases from the US and Fedspeak. GBP/USD GBPUSD has managed to erase its daily losses and turned flat on the day at around 1.1900 heading into the European session on Thursday. British Chancellor Jeremy Hunt will present the Autumn Budget to parliament later in the

EUR/USD EURUSD is finding fresh demand while eyeing 1.0400, as the US Dollar recovery fizzles on US President Biden’s denial of Russian involvement in the missile striking Poland. The Fed-ECB policy divergence remains in play ahead of the US Retail Sales and ECB Lagarde’s speech.  GBP/USD GBPUSD is defending minor bids above 1.1850, as investors turn cautious ahead of the UK inflation data. The UK CPI is expected to surge by 10.7% YoY in October. The US Dollar trades choppy amid stabilizing

EUR/USD EURUSD trades in a tight range above 1.0300 early Tuesday following Monday’s choppy action. Investors await third-quarter GDP data for the Eurozone and the ZEW sentiment survey. The US economic docket will feature October Producer Price Index figures. GBP/USD GBPUSD trades modestly higher on the day early Tuesday but stays below 1.1800. The September jobs report from the UK will be looked upon for fresh impetus ahead of the US PPI data. Meanwhile, the improving market mood helps the pair cling

EUR/USD EURUSD is trading close to 1.0300 in early Europe, undermined by a broad-based US Dollar rebound. Fed Governor Waller’s warnings lifted the US Dollar alongside the Treasury yields while a cautious tone ahead of the Xi-Biden meeting also weighs on the pair.  GBP/USD GBPUSD is holding lower ground near 1.1750, snapping a two-day uptrend in early Europe. The pair tumbles amid a decent recovery in the US Dollar, as US Treasury yields rebound on Fed Governor Waller’s remarks. Markets stay cautious ahead

EUR/USD EUR/USD is holding onto gains above 1.0200, capitalizing on a fresh risk-on wave after China cut its quarantine restrictions and flight bans. The safe-haven US Dollar resumes its post-CPI downside ahead of the Michigan Consumer Sentiment data. GBP/USD GBPUSD is recovering losses while trading at around 1.1700, awaiting the UK Q3 GDP release for fresh impetus. The US Dollar is seeing fresh supply, as risk flows return on China reopening optimism.  USD/JPY USDJPY seesaws around the intraday high near 142.50 as it consolidates the