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EUR/USD The EUR/USD pair has turned sideways after a firmer rally near 1.0820 in the Asian session. The major currency pair is struggling in extending its upside, however, more gains seem likely amid improved market sentiment.  GBP/USD GBP/USD has scaled above the critical resistance of 1.2300 amid a cheerful market mood. The USD Index is likely to attract more offers in hopes that the Fed will keep interest rates steady. The Cable resumed its upside after a bullish hidden divergence. USD/JPY USD/JPY pays little heed to Bank

EUR/USD The EUR/USD pair is displaying a back-and-forth action below 1.0800 in the Tokyo session. The major currency pair has turned sideways following the footprints of the subdued US Dollar Index (DXY), which is struggling to extend upside despite upbeat preliminary S&P Global PMI and expansion of financial support for mid-size United States banks. GBP/USD The GBP/USD pair has surrendered its morning gains and has slipped to near 1.2230 in the Asian session. The Cable witnessed the heat after failing to climb above the 1.2250 mark

EUR/USD EUR/USD is stalling the previous day’s retracement slide from the 1.0930 region, or its highest level since early February, and oscillates in a narrow trading band ahead of the European open this Friday. All eyes remain on the Eurozone and US PMI data.  GBP/USD GBP/USD is trading steady below 1.2300 in the early European morning, awaiting the top-tier UK and US economic data for fresh trading impetus. Narrowing Fed-BoE policy divergence will likely keep the pair underpinned.  USD/JPY USD/JPY portrays a corrective bounce off

EUR/USD EUR/USD is trading above 1.0900, extending gains early Thursday. The pair stays firmer amid a broadily depressed US Dollar. Investors are assessing the latest dovish outlook from the Fed ahead of the SNB and BoE policy outcomes, which could trigger fresh volatility surge across the FX board.  GBP/USD GBP/USD is advancing toward 1.2350 ahead of the BoE’s policy announcements. Strong UK CPI data, PM Sunak’s Brexit success and dovish Fed hike add strength to the Cable’s bullish momentum. USD/JPY USD/JPY picks up bids to pare intraday

EUR/USD EUR/USD is consolidating recent gains below 1.0800 in the early European morning. The pair capitalizes on a subdued US Dollar on a less hawkish Fed outlook. The upside in EUR/USD, however, appears elusive, as traders stay cautious ahead of Lagarde’s speech and the Fed verdict.  GBP/USD GBP/USD is holding higher ground above 1.2200 in early Europe. The US Dollar is licking its wounds amid a better market mood heading into the Fed policy decision. In the meantime, the pair looks forward

EUR/USD EUR/USD is juggling in a narrow range just above the 1.0700 level in early Europe. The pair is sidelined amid a relatively calmer risk tone and a pause in the US Dollar decline. Markets digest the latest global banking sector developments ahead of Germany’s ZEW survey.  GBP/USD GBP/USD is on a corrective move lower while testing 1.2250 in the early European morning. A broad rebound in the US Dollar is weighing on the pair, despite a better market mood. Investors stay cautious amid the

EUR/USD EUR/USD has extended its recovery toward 1.0650, as the US Dollar Index is losing further steam on Friday. Dovish Fed expectations and US First Republic Bank’s relief plan revive risk appetite and weigh on the safe-haven US Dollar. Eurozone/ US data next on tap.  GBP/USD GBP/USD clings to mild gains around 1.2150 heading into Friday’s London open. The Cable pair remains firmer for the second consecutive day amid downbeat US Dollar, as well as due to the price-positive catalysts. USD/JPY USD/JPY price is heading

EUR/USD EUR/USD is trading close to 1.0600, holding its recovery gains early Europe this Thursday. The pair is looking to find its feet amid a minor positive shift in the risk sentiment after Credit Suisse’s liquidity improvement plan. Eyes on ECB rate hike decision for fresh trading direction.  GBP/USD GBP/USD is in a consolidative phase in early Asian trading hours on Thursday amid reports suggesting that the Bank of England (BoE) is in emergency talks as the Credit Suisse crisis worsens following the Swiss National

EUR/USD EUR/USD is retreating toward 1.0700 in early Europe. The US Dollar is finding its feet amid increased odds of a 25 bps March Fed rate hike. Meanwhile, fears calm over the SVB fallout but EUR/USD fails to capitalize ahead of Eurozone and US data.  GBP/USD GBP/USD is trading modestly flat at around 1.2150 in the early European morning. Risk tone remains calmer amid the ebbing US banking crisis while the US Dollar attempts a bounce on higher Treasury bond yields UK

EUR/USD EUR/USD s gauging a cushion near the 1.0700 mark in the early European morning. The pair has corrected from near 1.0740 after exhaustion in the upside momentum. The major is likely to remain on the tenterhooks ahead of the US inflation data.  GBP/USD GBP/USD is keeping losses under the 1.2200 level in early Europe. Investors turn cautious and flock to safety in the US Dollar ahead of the all-important US CPI data. The UK employment data remains in immediate focus for Cable traders.  USD/JPY USD/JPY rebounded after