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EUR/USD EUR/USD is dropping towards 0.9800 heading towards early European morning, as the US dollar is regaining the upside traction amid a dour mood. Investors await preliminary PMis from across the Euro area economies and the US for fresh trading impetus.  GBP/USD GBP/USD is trading pressured below 1.1250 in early Europe, undermined by a renewed uptick in the US dollar. Risk-off sentiment combined with firmer Treasury yields propel the dollar. All eyes are on UK/US PMIs in the aftermath of the Fed and BOE

EUR/USD EUR/USD is consolidating the rebound above 0.9800 in early European hours. The post-Fed US dollar rally takes a breather, despite risk aversion and firmer Treasury yields. Looming Russia tensions offset hawkish ECB commentary.  GBP/USD GBP/USD is trading above 1.1250, recovering ground from fresh 37-year lows near 1.1220 in early Europe. Investors resort to position readjustments ahead of the BOE rate hike decision. Hawkish Fed outlook and risk aversion could limit the pair’s upside. USD/JPY The USD/JPY pair has kissed the critical hurdle of 145.00 for

EUR/USD EUR/USD is trading on the defensive, heading towards 0.9950 in early European trading. The US dollar is holding firmer amid a cautious market mood, despite retreating Treasury yields. All eyes remain on the critical 75 bps Fed rate hike decision.  GBP/USD GBP/USD is hovering above the 37-year low of 1.1351 ahead of the European open. The pair remains undermined due to the Fed-BOE policy divergence while pre-Fed anxiety continues to boost the safe-haven US dollar.  USD/JPY The USD/JPY pair has sensed barricades while attempting

EUR/USD EUR/USD is holding steady above 1.0000, unable to sustain the recovery near 1.0050. The pair fails to capitalize on risk flows and retreating Treasury yields amid a tepid bounce in the US dollar. Focus shifts to Lagarde’s speech and the Fed decision.  GBP/USD GBP/USD is consolidating the renewed upside above 1.1400, helped by an upbeat market mood and a pause in the US dollar recovery. The further upside in cable appears elusive amid the Fed-BOE policy divergence.  USD/JPY USD/JPY struggles to defend 143.00, despite

EUR/USD The EUR/USD pair has slipped below the magical figure of 1.0000 as the US dollar index (DXY) has advanced amid soaring bets on a bumpers rate hike by the Federal Reserve (Fed). The asset has declined sharply after failing to overstep Friday’s high at 1.0036. GBP/USD The GBP/USD pair struggles to gain traction on Monday and languishes near its lowest level since 1985, around the 1.1400 mark through the Asian session. The UK Office for National Statistics reported on Friday that

EUR/USD EUR/USD is juggling around 1.0000 as investors await US Michigan CSI data. An upbeat US Retail Sales data will strengthen the Fed in tightening policy further. The Eurozone energy crisis is deepening further ahead of the winter season. GBP/USD GBP/USD holds lower ground at the yearly low marked in the last week. Sluggish yields, short-term technical hurdle probes US dollar bulls ahead of data. Hawkish Fed bets jostle with the BOE concerns amid record high UK inflation expectations. USD/JPY USD/JPY remains sidelined while

EUR/USD EUR/USD is trading under pressure near 0.9950, undermined by resurgent US dollar demand amid a cautious market mood. Investors assess the impact of the aggressive Fed rate hike bets ahead of the US Retail Sales data.  GBP/USD GBP/USD is dropping towards 1.1500 amid a mixed sentiment and renewed US dollar strength. The deadline to trigger Article 16 and uncertainty over the UK energy bill weigh on the GBP. The focus shifts to US consumer-centric data.  USD/JPY USD/JPY takes the bids to refresh daily tops near

EUR/USD EUR/USD has displayed a short-lived pullback around 0.9960, more weakness is imminent. Soaring core CPI indicates a sheer rise in durable goods prices. Eurozone bulls have weakened amid rising pessimism in the trading bloc. GBP/USD GBP/USD manages to hold steady at around 1.1500 in the early European session on Wednesday. The data from the UK showed that the Core CPI edged higher to 6.3% on a yearly basis in August from 6.2% as expected, failing to trigger a significant reaction. USD/JPY USD/JPY is

EUR/USD EUR/USD is clinging onto the recent gains below 1.0150 in early Europe amid a broadly subdued US dollar and negative Treasury yields. The pair is looking forward to the all-important US inflation release before resuming the recovery. German ZEW eyed as well.  GBP/USD GBP/USD is picking up fresh bids to test 1.1700, as the UK Unemployment Rate sees an unexpected drop to 3.6% in July. Markets remain cautious amid China’s stimulus hopes and nervousness ahead of the critical US inflation data.  USD/JPY USD/JPY

EUR/USD EUR/USD grinds higher around 1.0090 during Monday’s sluggish session as China’s off and a light calendar joins pre-data anxiety. However, the recently hawkish comments from the European Central Bank (ECB) policymakers keep the pair buyers hopeful. GBP/USD GBP/USD is clinging to gains above 1.1600 after the downbeat UK GDP and industrial data failed to impress. The pair struggles to find demand amid UK recession fears and a mixed market mood. The dollar licks its wounds amid a data-scarce US docket.  USD/JPY The USD/JPY pair has