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EUR/USD EUR/USD is juggling in a tight range around 1.0750 ahead of the European open. The US Dollar resumes decline alongside the Treasury bond yields amid a better market mood. Range-play could likely extend ahead of Thursday’s critical US inflation data.  GBP/USD GBP/USD is rising above 1.2150 heading into Wednesday’s London open, investors stay on the sidelines ahead of Thursday’s US inflation data. Risk flows dominate and weigh down on the safe-haven US Dollar.   USD/JPY USD/JPY picks up bids to 132.45 during early Wednesday’s sluggish trading

EUR/USD EUR/USD dribbles between 1.0720 and 1.0745 so far during early Tuesday as traders await more clues to extend the latest north-run. The major currency pair seesaws around the highest levels since June 2022 as bulls run out of steam as the US Dollar rebounds on doubts over the previous risk-on mood, as well as due to a rebound in the US Treasury yields. GBP/USD GBP/USD is facing stubborn barricades around 1.2200 as anxiety soars ahead of Fed Powell’s speech. The US

EUR/USD EUR/USD is holding on to the upside below 1.0700 in the early European trades. The pair is taking advantage of the extended weakness in the US Dollar amid hopes of a dovish Fed pivot and China’s reopening optimism. Eurozone data awaited.  GBP/USD GBP/USD is trading with sizeable gains at around 1.2150 amid risk-on impulse ahead of the London open. Broad US Dollar weakness is underpinning the pair, as investors assess Fed rate hike expectations and BOE policymaker Mann’s comments on inflation.  USD/JPY The USD/JPY pair surrendered

EUR/USD The EUR/USD pair witnessed selling pressure after failing to surpass the crucial mark of 1.0630. The major currency pair has slipped to near the round-level mark of 1.0600 as the risk appetite of the market participants has trimmed. S&P500 futures have surrendered half of their Wednesday’s recovery as anxiety among market participants is accelerating ahead of the United States Nonfarm Payrolls (NFP) data. GBP/USD The GBP/USD pair is displaying topsy-turvy moves around 1.2050 in the Asian session. The Cable asset has turned sideways as

EUR/USD EUR/USD is rebounding toward 1.0600 amid a broad US Dollar retreat. Hawkish ECB-speak power the Euro amid weak US Treasury yields. EUR/USD is not out of the woods yet amid a symmetrical triangle breakdown. GBP/USD GBP/USD has turned sideways below 1.2000 as investors await US ISM PMI data for fresh cues. Cable is defending mild gains, as the US Dollar retreat amid a broad sell-off in the US Treasury yields amid a cautiously optimistic mood. Fed Minutes also eyed.  USD/JPY USD/JPY is on the

EUR/USD EUR/USD is holding steady above 1.0650, paring back gains heading into the European open. The US Dollar is trading choppy in a narrow range, having paused its decline amid an upbeat risk sentiment. Germany’s inflation data is awaited.  GBP/USD GBP/USD is holding onto the latest upswing toward 1.2100, as bulls jump back into the game amid holiday-thinned market conditions. The main catalyst behind the pair’s renewed upside is the fresh round of selling seen in the US Dollar across the board. As

EUR/USD EUR/USD portrays exhaustion of the previous bull-run amid Monday’s holiday-inspired lackluster trading day. In doing so, the major currency pair fades the previous day’s upside break. GBP/USD GBP/USD takes offers to pare intraday gains around 1.2080, teasing bears for the first time in three days, even as the holiday mood limits the Cable pair’s immediate moves. Multiple negatives surrounding the UK seemed to have lured the GBP/USD bears of late. Among them, British Prime Minister (PM) Rishi Sunak’s shelving of the plans

EUR/USD EUR/USD is trading on the defensive at around 1.0650 in the early European morning. The pair is undermined by a broad-based US Dollar rebound, as investors resort to repositioning on the last trading day of 2022. GBP/USD GBP/USD reverses the previous day’s gains, the biggest in two weeks, while taking offers to refresh the intraday low around 1.2040 heading into Friday’s London open. In doing so, the Cable pair justifies the downbeat signals surrounding the British economy, as well as the recent

EUR/USD EUR/USD is trading sideways in a narrow range above 1.0600 in typical pre-New Year thin markets. The pair is finding support from the risk-off flows-led retreat in the US Treasury yields, which is dragging the US Dollar lower. China’s covid concerns dent risk appetite.  GBP/USD GBP/USD slides to 1.2025 as it consolidates the intraday gains, the first in three days, during the early Thursday morning in London. The Cable pair’s latest weakness could be linked to the escalated fears surrounding COVID-19

EUR/USD EUR/USD is grinding higher to near 1.0650 in the early European morning, reversing the initial pullback. The US Dollar rebound seems to have lost traction despite a cautious market mood, as retreating US Treasury yields weigh. US data awaited.  GBP/USD GBP/USD treads water around 1.2030 as it struggles for clear directions amid mixed clues and the year-end holiday season. The Cable pair welcomed bears the previous day as the US Treasury yields underpinned the US Dollar. However, the Covid-linked optimism in