EUR/USD EUR/USD is holding recovery gains but remains below 1.0700 early Tuesday. The pair capitalizes on the US Treasury bond yields slide and the resultant US Dollar weakness. A positive shift in risk sentiment is aiding the renewed upside. EU/ US PMIs eyed. GBP/USD GBP/USD is staying directed toward 1.2300 in early Europe on Tuesday. The pair is benefiting from a broadly subdued US Dollar and a positive shift in risk sentiment. The UK jobs data fail to move the needle around the
EUR/USD The EUR/USD pair snaps a two-day winning streak during the early European session on Monday. Market players await the European Central Bank (ECB) Interest Rate Decision on Thursday, with no rate change expected. The major pair is losing 0.15% on the day to trade at 1.0577. GBP/USD GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle following the release of downbeat United Kingdom (UK) Retail Sales data for September on
EUR/USD EUR/USD is trading on the defensive below 1.0600 in the European morning on Friday. The pair is undermined by simmering geopolitical tensions, which boost the safe-haven US Dollar. The downside, however, remains capped on retreating US bond yields. GBP/USD GBP/USD is losing further ground, closing in on 1.2100 after the UK Retail Sales data disappointed with -0.9% MoM in September. Escalating Middle East tensions continue to lend support to the US Dollar, weighing on the pair. USD/JPY The USD/JPY pair ticks higher during the
EUR/USD EUR/USD is trading on the defensive below 1.0550 in early Europe on Thursday. Simmering Middle East geopolitical tensions underpin the safe-haven US Dollar. Investors also trade with cautious ahead of Fed Chair Powell’s speech. GBP/USD The GBP/USD pair struggles to gain any meaningful traction on Thursday and oscillates in a narrow band, below mid-1.2100s during the Asian session. Spot prices flirt with the lower end of a one-week-old trading range, awaiting a fresh catalyst before the next leg of a directional
EUR/USD EUR/USD is holding higher ground but remains below 1.0600 in the Asian session on Wednesday. The risk-on flows dominate and weigh on the US Dollar, especially in light of the upbeat Chinese data. Lagarde’s speech and EU/US data are in focus. GBP/USD GBP/USD trades in positive territory at around 1.2200 in the European morning on Wednesday. The data from the UK showed that the annual Consumer Price Index (CPI) inflation held steady at 6.7% n September, surpassing the market expectation of 6.5%. USD/JPY The
EUR/USD EUR/USD is keeping losses near 1.0550 in the early European morning on Tuesday. Resurgent US Dollar demand is weighing on the pair amid a cautious mood. Markets await Germany’s ZEW Survey and US Retail Sales data for fresh trading incentives. GBP/USD GBP/USD is holding lower ground near 1.2200 in early Europe on Tuesday after the data from the UK showed that wage inflation eased modestly in August. Later in the day, September Retail Sales data will be featured in the US economic
EUR/USD EUR/USD is attracting some buyers above 1.0500 amid a broadly softer US Dollar early Monday. Further upside in the pair, however, appears elusive amid escalating Hamas-Israel geopolitical risks. Focus shifts to ECB- and Fed-speak for fresh impetus. GBP/USD The GBP/USD pair gains traction above the mid-1.2100s during the Asian session on Monday. The softer US Dollar lends some support to the pair. The risk sentiment dominate the market ahead of the key UK employment data and US Retail Sales on Tuesday. USD/JPY USD/JPY
EUR/USD EUR/USD is trading close to 1.0550, finding support in the vicinity of the weekly low near 1.0520 heading into early Europe on Friday. The pair takes advantage of the broad retreat in the US Dollar and the bond yields, despite a downbeat mood. Lagarde speech and US data are in focus. GBP/USD GBP/USD retraces the recent losses that were registered on Thursday, trading higher around the 1.2200 psychological level. However, the pair faced challenges due to the optimistic economic data from the
EUR/USD EUR/USD is trading above 1.0600, attracting some buying during the Asian trading on Thursday. Dovish Fed expectations keep the US Dollar bulls on the defensive and lend support to the pair. Traders seem reluctant to place aggressive bets ahead of the US consumer inflation report. GBP/USD GBP/USD continues to trade modestly higher on the day above 1.2300 despite uninspiring macroeconomic data releases from the UK. Industrial and Manufacturing Production contracted in August, while monthly GDP expanded by 0.2%. USD/JPY The USD/JPY pair oscillates in a
EUR/USD EUR/USD is holding steady while defending 1.0600 heading toward the European open on Wednesday. The US Dollar licks its wound following the dovish Fed commentaries and amid an upbeat mood. Key US PPI inflation and Fed Minutes are next in focus. GBP/USD GBP/USD scales higher for the sixth successive day and climbs to a near three-week high. Retreating US bond yields and a positive risk tone undermine the USD and lend support. Traders now look to the US PPI and FOMC