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EUR/USD EUR/USD is holding gains at around 1.0650 ahead of the European open. The pair capitalizes on a broad-based US Dollar weakness, as risk flows dominate on China’s further reopening moves. Holiday-thinned light trading will extend ahead of mid-tier US data.  GBP/USD GBP/USD is trading sideways around 1.2100 amid light trading, as the UK markets are closed in observance of Christmas Day. China-driven risk-on mood is helping the GBP/USD pair at the expense of the US Dollar.  USD/JPY USD/JPY is trading on the defensive

EUR/USD EUR/USD clings to mild gains near 1.0610 as the pair buyers retake control after a two-day losing streak. That said, the major currency pair’s latest inaction could be linked to the market’s cautious mood, as well as the holiday season, during early Friday in Europe. GBP/USD GBP/USD steps back from intraday high of 1.2058 heading into Friday’s London open. In doing so, the Cable pair fails to defend the first daily gains in three weeks. The US Dollar was supported by

EUR/USD EUR/USD is attempting a rebound toward 1.0650 in Thursday’s Asian trading. The US Dollar comes under renewed selling pressure amid a risk-on market profile, as investors finally see a ‘Santa rally’ coming through.  GBP/USD GBP/USD is printing mild gains above 1.2100, reversing the previous day’s loss ahead of the final Q3 GDP data from the UK and the US. The US Dollar weakness amid a risk-on market mood is underpinning the Cable.  USD/JPY USD/JPY picks up bids to consolidate intraday losses around 131.90

EUR/USD EUR/USD is on the defensive while eyeing 1.0600 heading into Wednesday’s European session. The pair is undermined by a broad-based US Dollar rebound amid a recovery in risk sentiment, shrugging off the ongoing surge in the Treasury yields. US data awaited.  GBP/USD GBP/USD extends the previous day’s rebound from a three-week low, up 0.11% intraday near 1.2190 during the mid-Asian session on Wednesday. In doing so, the Cable pair cheers the broad-based US Dollar weakness due to the receding fears of the recession. However, the

EUR/USD EUR/USD is dropping below 1.0600 after the latest whipsaw, ahead of the European open. The pair is feeling the pull of gravity as the US Dollar reverses losses, gaining support from the rally in the US Treasury yields led by the BoJ’s revision to its yield policy.  GBP/USD GBP/USD is recovering ground above 1.2100 heading into Tuesday’s London open. Cable cuts losses, as the US Dollar rebounds amid firmer US Treasury yields. Markets remain unnerved amid the surprise BoJ policy move, weighing on

EUR/USD EUR/USD seesaws near 1.0600, snapping a two-day downtrend in the early European morning. The pair’s sideways trading could be linked to the cautious sentiment amid China’s covid concerns and Euro area recession fears. Germany’s IFO survey eyed.  GBP/USD GBP/USD is consolidating the rebound below the 1.2200 threshold, as bulls trade with caution amid a downbeat market mood at the start of the week on Monday. Broad-based US Dollar weakness is underpinning the uptick in the Pound Sterling. USD/JPY USD/JPY holds lower grounds near the

EUR/USD EUR/USD is consolidating gains near 1.0650 in the early European morning. The US Dollar is reversing the previous recovery, despite a cautious mood and higher Treasury bond yields. All eyes now remain on the Eurozone/ US PMIs.  GBP/USD GBP/USD regains 1.2200 as it consolidates the recent losses amid a sluggish Friday morning in Europe. Cable portrays the trader’s positioning before the key UK/US data after bears cheered the BoE dovish rate hike with the biggest daily slump in six weeks. USD/JPY USD/JPY is

EUR/USD EUR/USD is holding lower ground near 1.0650, as the risk-off mood gains traction, underpinning the US Dollar demand. The Fed projected a higher interest rate peak after announcing a 50 bps rate hike. The Euro awaits the ECB rate decision for fresh impetus.  GBP/USD GBP/USD is trading under pressure below 1.2400 amid a pause in the US Dollar sell-off. Hawkish Fed guidance and recession fears are supporting the US Dollar. All eyes are now on the BOE policy decision, with the voting composition likely

EUR/USD EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.  GBP/USD GBP/USD is holding lower ground near 1.2350, awaiting the UK inflation data for fresh impetus. Markets turn cautious again, allowing a tepid bounce in the US Dollar across the board. Focus shifts to the Fed and BoE policy decisions.  USD/JPY USD/JPY fell to a one-week low of 134.65

EUR/USD EUR/USD is clinging to gains at around 1.0550, as a sense of calm prevails ahead of the critical inflation data on Tuesday. Recession fears in the Eurozone and anxiety ahead of the Fed and the ECB policy decisions keep the pair’s upside in check. German ZEW also eyed.  GBP/USD GBP/USD is consolidating the latest uptick below 1.2300 heading into Tuesday’s London open. The pair capitalizes on a broad-based US Dollar weakness ahead of the key UK employment and the US inflation data. USD/JPY USD/JPY traders witness a