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EUR/USD EUR/USD grinds lower toward 1.0500, printing mild losses to extend Friday’s downward trajectory. Traders await this week’s bumper US and EU events in early Europe. Economic slowdown fears, EU-Russia tensions join pre-Fed anxiety to fuel the US Dollar rebound. GBP/USD GBP/USD is consolidating losses below 1.2250 ahead of the key UK data releases. The pair is feeling the heat of the risk-aversion theme as investors turn anxious, anticipating the policy announcements by the Fed and BOE. USD/JPY USD/JPY picks up bids to favor buyers around the

EUR/USD EUR/USD buyers approach the five-month high marked on Monday amid the broad US Dollar weakness during early Friday. The major currency pair prints the three-day winning streak after rising for two consecutive weeks in the last. GBP/USD GBP/USD stays on the front foot for the third consecutive day during early, despite the latest retreat from the intraday high surrounding 1.2270. In doing so, the Cable pair braces for the Bank of England’s (BOE) hawkish move during its next week’s monetary policy. USD/JPY The 

EUR/USD EUR/USD is holding higher ground above 1.0500 in the early European trading hours, as the US Dollar rebound fizzles despite a cautious market mood and higher Treasury yields. Concerns over the recession and hawkish Fed outlook dent risk appetite. Lagarde’s speech eyed.  GBP/USD GBP/USD is trading modestly flat at around 1.2200 in early Europe. A slump in UK’s house prices and easing momentum in labor market keep bears hopeful. US Dollar remains sluggish amid pre-Fed blackout of policymakers.  USD/JPY USD/JPY remains on the back foot,

EUR/USD EUR/USD is trading sideways near the 1.0450 region in the early European session. The pair is feeling the pull of gravity amid firmer US Dollar and Treasury yields. Growing recession fears offset China’s covid easing. Focus shifts to EU data.  GBP/USD The GBP/USD pair has witnessed a marginal correction after picking demand near the 1.2120 mark in the Asian session. The Cable has attempted a recovery backed by volatile moves shown by the US Dollar Index (DXY). It would be early to cite that the 

EUR/USD EUR/USD is trading under pressure below 1.0500, as traders await more clues in early Europe. The US Dollar finds fresh demand amid a negative shift in the market’s risk perception and hawkish Fed tightening view.  GBP/USD GBP/USD remains offered toward 1.2150, as traders turn cautious in early Europe. Risk-off flows seep back and revive the demand for the safe-haven US Dollar. The greenback also cheers the robust US data and renewed hawkish Fed outlook.  USD/JPY The USD/JPY pair has extended its upside move to near

EUR/USD EUR/USD is recovering ground to near 1.0450 in the early European morning, as the US Dollar comes under renewed selling pressure after USD/JPY crumbles on hawkish BoJ’s pivot. China’s reopening optimism adds to the Dollar’s downside. All eyes are on US PCE and ISM PMI.  GBP/USD US Federal Reserve Chairman Jerome Powell’s first public appearance after November’s Federal Open Market Committee (FOMC) meeting turned out as dovish for the US Dollar as the policymaker stated that it makes sense to moderate the

EUR/USD EUR/USD is extending recovery gains above 1.0350 in the early European morning this Wednesday. The US Dollar retreats further amid a better market mood. All eyes remain on the Eurozone inflation, US ADP and Fed Chair Powell’s speech.  GBP/USD GBP/USD has sensed responsive buying action around 1.1940 as risk aversion loses luster. The Bank of England is expected to advance its interest rates to 4.25% in Q1CY2023. USD/JPY USD/JPY remains sidelined around 138.80, despite picking up bids to snap a two-day uptrend during

EUR/USD EUR/USD is holding onto recovery gains below the 1.0400 mark heading in early Europe. The renewed sell-off in the US Dollar amid the China reopening optimism underpins the Euro. Focus shifts to ECB-speak and Germany’s inflation data.  GBP/USD GBP/USD is cheering a broadly weaker US Dollar amid firmer sentiment while holding higher ground near 1.2000 in early European trading hours. China’s reopening optimism spurs risk flows and boosts the risk-sensitive GBP ahead of Bailey’s testimony and Fedspeak.  USD/JPY The USD/JPY pair has witnessed a rebound after dropping

EUR/USD EUR/USD is consolidating the latest decline at around 1.0350 in early Europe. Risk aversion remains the main underlying theme amid China’s covid protests, lifting the safe-haven demand for the US Dollar. ECB Lagarde’s testimony is on tap.  GBP/USD GBP/USD is under moderate selling pressure around 1.0250 ahead of the London open this Monday. The pair struggles to cheer the stimulus hopes amid fears of major strikes in the UK and covid protests in China. USD/JPY The USD/JPY pair has sensed a decent buying interest

EUR/USD EUR/USD is trading sideways in a familiar range near 1.0400 in early European trading. US Treasury yields and the US Dollar hold the lower ground on prospects of a slower pace of the Fed’s policy tightening. Thin trading conditions to extend on Black Friday.  GBP/USD GBP/USD is oscillating in a narrow band at around 1.2100 on Black Friday. The dovish FOMC minutes continue to weigh on the US Dollar and offer support. Relatively thin trading conditions hold back bullish GBP traders from placing fresh