finance

EUR/USD EUR/USD has displayed a short-lived pullback around 0.9960, more weakness is imminent. Soaring core CPI indicates a sheer rise in durable goods prices. Eurozone bulls have weakened amid rising pessimism in the trading bloc. GBP/USD GBP/USD manages to hold steady at around 1.1500 in the early European session on Wednesday. The data from the UK showed that the Core CPI edged higher to 6.3% on a yearly basis in August from 6.2% as expected, failing to trigger a significant reaction. USD/JPY USD/JPY is

EUR/USD EUR/USD is clinging onto the recent gains below 1.0150 in early Europe amid a broadly subdued US dollar and negative Treasury yields. The pair is looking forward to the all-important US inflation release before resuming the recovery. German ZEW eyed as well.  GBP/USD GBP/USD is picking up fresh bids to test 1.1700, as the UK Unemployment Rate sees an unexpected drop to 3.6% in July. Markets remain cautious amid China’s stimulus hopes and nervousness ahead of the critical US inflation data.  USD/JPY USD/JPY

EUR/USD EUR/USD grinds higher around 1.0090 during Monday’s sluggish session as China’s off and a light calendar joins pre-data anxiety. However, the recently hawkish comments from the European Central Bank (ECB) policymakers keep the pair buyers hopeful. GBP/USD GBP/USD is clinging to gains above 1.1600 after the downbeat UK GDP and industrial data failed to impress. The pair struggles to find demand amid UK recession fears and a mixed market mood. The dollar licks its wounds amid a data-scarce US docket.  USD/JPY The USD/JPY pair has

EUR/USD EUR/USD is attempting to kiss level of 1.0100 as DXY has plunged. The DXY is declining on expectations of a consecutive drop in the US inflation rate. ECB’s 75 bps rate hike announcement has trimmed Fed-ECB policy divergence. GBP/USD GBP/USD prints the biggest daily gains in a month amid broad US dollar weakness, optimism at home. Hopes from newly appointed UK PM Truss favor Cable, especially after the latest UK energy plan. US Dollar Index drops to one-week low even as

EUR/USD The EUR/USD pair is auctioning back and forth in a narrow range of 0.9979-0.9994 in the Asian session. The asset has shifted into a time-correction phase after failing to sustain above the magical figure of 1.0000. GBP/USD GBP/USD clings to mild losses around 1.1510 while fading the previous day’s bounce off the 37-year low during Thursday’s Asian session.  USD/JPY The Japanese yen is finding fresh demand after the country’s Finance Ministry (MOF) reported that the Ministry, the Bank of Japan (BOJ) and the

EUR/USD EUR/USD has slipped to near 0.9880 as the DXY has strengthened after a rebound in Services PMI. Investors should brace for a 50 bps rate hike announcement by the ECB. The Eurozone energy crisis will deepen further as the winter season will have more gas demand. GBP/USD GBP/USD holds lower grounds near the two-year bottom, marked on Monday, as bears flirt with the 1.1450 while flashing the biggest daily loss in a week. With this, the Cable pair approaches the latest low

EUR/USD EUR/USD is marching towards 1.0000 parity on soaring ECB hawkish bets. Russia has cut off the energy supply to Eurozone citing western sanctions. The DXY has turned volatile amid weaker estimates for US ISM Services PMI. GBP/USD GBP/USD takes the bids to refresh intraday high around 1.1590 as bulls welcome Lizz Truss’s leadership amid hopes of heavy stimulus and a push to the Bank of England (BOE). With this, the Cable pair leads the G10 currency pairs while posing 0.65% intraday gains during

EUR/USD EUR/USD has breached the 0.9900 mark for the first time since Dec 2020 amid unrelenting safe-haven demand for the US dollar. Risk-off flows dominate amid the worsening European energy crisis-led global recession fears.  GBP/USD GBP/USD slides to the fresh low since March 2020 as the cable traders await the UK PM Leadership results on Monday. Firmer US dollar cheers fears of worsening energy crisis to exert downside pressure on the pair. Thin trading to extend amid US holiday.  USD/JPY The USD/JPY pair is advancing towards the 24-year high

EUR/USD EUR/USD pares the biggest daily fall in seven weeks amid pre-NFP consolidation. Yields keep DXY on bull’s radar despite latest pullback from two-decade high. Hawkish money market bets on ECB rate hike, hopes of overcoming the bloc’s energy crisis to limit downside. GBP/USD The GBP/USD pair is displaying a lackluster performance in the Asian session as investors are preparing for the US Nonfarm Payrolls (NFP) event. The cable is oscillating in a narrow range of 1.1540-1.1560, however, the downside remains favored

EUR/USD EUR/USD remains pressured towards 1.0000, as the US dollar bulls refuse to give up amid risk-aversion and surging Treasury yields. The downside in the pair, however, appears capped, courtesy of hawkish ECB rate hike expectations. Eurozone, US PMIs eyed.  GBP/USD GBP/USD is off the lows but remains below 1.1600, sitting close to over two-year lows in early Europe. The US dollar index is firming up above 109.00, as Treasury yields rally across the curve on hawkish Fed bets. UK growth and