EUR/USD EUR/USD has climbed above the immediate hurdle of 0.9700 in early Europe. The risk profile is still averse while the US dollar is holding the recent upside. The focus shifts to Lagarde’s speech, US inflation data and Fed minutes. GBP/USD GBP/USD continues to move at around 1.1000 in the early European session on Wednesday. The data from the UK showed that the GDP contracted by 0.3% on a monthly basis in August and Industrial Production declined by 1.8%. The US docket
EUR/USD EUR/USD is holding the lower ground below 0.9700 in early European morning, as the US dollar trades firmer alongside the Treasury yields amid a broad risk-aversion. Recession fears and aggressive Fed rate hike bets underpin the dollar. GBP/USD GBP/USD has climbed toward the mid-1.1000s and managed to erase a portion of its daily losses in the early European session. The UK’s ONS reported that the ILO Unemployment Rate edged lower to 3.5% in three months to August from 3.6%. USD/JPY The USD/JPY pair is
EUR/USD EUR/USD resumes downside below 0.9750, in the face of risk-aversion and broad US dollar rebound in early European hours. Investors remain cautious amid fresh Russia-Ukraine tensions, China’s growth worries and ahead of key US events. GBP/USD GBP/USD is eyeing more weakness below 1.1050 as the US dollar rebounds on an intense risk-off impulse. Firmer US NFP data has strengthened the case of a 75 bps rate hike by the Fed. Thinner liquidity to extend due to the US holiday. USD/JPY USD/JPY holds onto the bullish bias for
EUR/USD EUR/USD continues to trade in a narrow range at around 0.9800 during the European trading hours on Friday. The data from Germany showed that Retail Sales and Industrial Production contracted by 1.3% and 0.8%, respectively, in August. Eyes on US jobs report. GBP/USD GBP/USD is attempting a bounce but remains capped below 1.1200. Risk-off flows dominate amid mixed US data and ahead of US NFP. USD/JPY The USD/JPY pair is oscillating above the critical hurdle of 145.00 and is expected to sustain above the
EUR/USD EUR/USD is making minor recovery attempts just above 0.9900 heading into the European open, as the dollar licks its wounds following the steep drop seen in the US last session. GBP/USD GBP/USD has witnessed a minor pause while advancing towards 1.1400. The risk-on impulse is still solid and S&P500 is holding gains. Fitch Ratings have revised the BOE sovereign outlook to Negative from Stable. USD/JPY The USD/JPY pair is displaying topsy-turvy moves in the Tokyo session as the risk-on impulse is defending the downside
EUR/USD EUR/USD is turning south towards 0.9950 after meeting fresh supply just below the parity mark. The broad US dollar rebound is aiding the renewed downside in the main currency pair. GBP/USD GBP/USD is eyeing weakness to near 1.1400 as a corrective move, however, the upside remains favored. Pound bulls have been strengthened after the UK govt. rollback the tax reduction memorandum. USD/JPY The USD/JPY pair has turned sideways around 144.20 after witnessing a responsive buying action from 143.60 as the US dollar index (DXY)
EUR/USD EUR/USD is defending minor bids above 0.9800, benefiting from a broadly subdued US dollar and a better market mood. Weak US ISM Manufacturing PMI weighed down on the dollar. Eurozone PPI, Fedspeak and Lagarde eyed. GBP/USD GBP/USD is rising back above 1.1300, as the recovery gains momentum amid risk flows and a broad-based US dollar weakness. GBP bulls continue to draw support from the UK government’s U-turn on the higher tax rate cut. USD/JPY The USD/JPY pair displays a lackluster performance after picking bids to
EUR/USD EUR/USD is trading above 0.9800 in early European hours, helped by a broad sell-off in the US dollar and return of risk-on flows. Although the pair’s further upside appears elusive amid the deepening European energy crisis and growth fears. PMIs awaited. GBP/USD GBP/USD is posting sizeable gains above 1.1200, sitting at weekly highs at the start of the week. The pound catches a fresh bid following reports that UK PM Truss is considering reversing higher income tax rate cuts. PMIs coming up next. USD/JPY The USD/JPY
EUR/USD EUR/USD stays relatively quiet above 0.9800 during the European trading hours on Friday after having registered strong gains in the previous two days. Investors await HICP inflation data from the euro area and the Personal Consumption Expenditure Price Index data from the US. GBP/USD Following Thursday’s impressive upsurge, GBP/USD trades in a relatively tight range above 1.1100 early Friday. The data from the UK revealed that the GDP grew at an annualized rate of 4.4% in the second quarter, compared to
EUR/USD EUR/USD sellers are up and roaring as sour sentiment joins firmer yields to renew the downside during early Thursday, after a day full of surprises and positive performance. Germany’s HICP may not impress pair buyers unless US GDP disappoints. GBP/USD GBP/USD is expected to resume its upside journey after concluding its correction to near 1.0800. To revive UK’s financial stability, the BOE announced a bond-buying program worth GBP 65 billion. Does BOE really not have the stomach to fight inflation while simultaneously
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