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EUR/USD EUR/USD is marching towards parity as the odds of a bigger rate hike by the ECB have strengthened. Mixed responses from the risk profile have put the DXY on the sidelines. All eyes remain on risk sentiment amid a quiet data docket.  GBP/USD GBP/USD is consolidating its retreat around 1.1450, as the US dollar finds demand amid a cautious market mood. Investors turn cautious amid discouraging US tech giants’ earnings, flagging recession fears. Cable buyers remain expectant of UK political stability.  USD/JPY The USD/JPY pair has

EUR/USD EUR/USD is treading water below 0.9900 in early European trading, as the US dollar licks its wounds amid a better risk tone. Cooling bets of aggressive Fed rate hikes are underpinning the pair, despite discouraging euro area PMIs. Germany’s IFO awaited.  GBP/USD GBP/USD is consolidating gains below 1.1300 amid broad US dollar weakness and an upbeat mood. Investors remain hopeful that the new UK PM Rishi Sunak will bring stability to the financial markets. Focus remains on the US data.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD holds lower grounds near 0.9840 while keeping the week-start pullback from a fortnight top during early Monday. The major currency pair prints the first daily loss in three while paring the previous weekly gains amid mixed sentiment and volatile markets. GBP/USD GBP/USD stays defensive around 1.13000, after reversing from the highest levels in a week, during early Monday morning in Europe.   USD/JPY USD/JPY treads water around 148.85 following a volatile start to the week which initially refreshed a fortnight low before recalling

EUR/USD EUR/USD picks up bids to pare intraday losses, braces for the first weekly gain in three. Yields dribble around multi-year high as markets wait for fresh clues. Eurozone preliminary Consumer Confidence for October will be important as well. GBP/USD GBP/USD meets with a fresh supply on Friday and is pressured by a modest USD strength. The overnight rejection near a two-month-old descending trendline favours bearish traders. Weakness below the weekly low is needed to support prospects for further near-term losses. USD/JPY The USD/JPY

EUR/USD EUR/USD renews its intraday high around 0.9790 amid the fresh decline in the US dollar heading into Thursday’s European session. The quote pares the previous day’s losses, the biggest in two weeks, amid an absence of major data/events. GBP/USD GBP/USD languishes near the weekly low through the Asian session on Thursday. The UK political uncertainty, bullish USD continue to act as a headwind for the pair. A sustained weakness below the 1.1200 mark is needed to confirm a bearish break. USD/JPY The yen

EUR/USD The EUR/USD pair has witnessed selling pressure after multiple failed attempts of overstepping the critical hurdle of 0.9880. The asset has not turned bearish yet as the risk profile is extremely cheerful. GBP/USD GBP/USD is holding the recent upside above 1.1300 ahead of the critical UK inflation release. A mixed market mood and the US dollar rebound are limiting the pair. The UK CPI data holds the key following the government’s fiscal and political fiasco.   USD/JPY The USD/JPY pair extends its consolidative price moves

EUR/USD The EUR/USD pair has dropped marginally after printing a day’s high at 0.9853 in the Tokyo session. After a juggernaut rally, the shared currency bulls are facing a corrective move as the US dollar index (DXY) has attempted a rebound move.  GBP/USD GBP/USD takes the bids to refresh intraday high above 1.1400 heading into early European trading. The pair takes clues from the market’s latest concerns surrounding the Bank of England’s (BOE) next move, as well as the UK’s haywire political

EUR/USD EUR/USD is trading close to 0.9750, as bulls are trying to regain control in early Europe after a two-week downtrend. The pair cheers the broad US dollar weakness amid a sluggish start to the week. Buyers have a tough road ahead considering the optimism over Fed’s next move. GBP/USD GBP/USD extends weekly gains towards 1.1300 amid hopes for a decent fiscal framework from the new CHancellor Hunt. Tory backbenchers brace to oust UK PM Truss. Bailey’s hawkish comments back bulls amid a broadly weaker

EUR/USD EUR/USD is consolidating gains below 0.9800, especially after Thursday’s tragic rebound from the fortnight low. Traders await the key US consumer-centric data on Friday. The US dollar stays on the backfoot despite hot inflation data.  GBP/USD GBP/USD is trading on the defensive above 1.1300, struggling for upside traction. Chatters over UK PM Truss’ tax cut plans, Kwartang’s return to London keep traders on the edge. Softer yields weigh on the US dollar ahead of US consumer-centric data. USD/JPY USD/JPY seesaws around mid-147.00s as bulls take

EUR/USD EUR/USD has slipped to near 0.9700 as a rebound in the risk-off impulse has weighed pressure. As per CME FedWatch tool, chances for a 75 bps rate hike have sky-rocketed to 84%. ECB policymaker is looking to exploit interest rates further to support quantitative tightening. GBP/USD GBP/USD grinds lower while paring the bounce off two-week low. UK Chancellor Kwarteng passes the buck to BOE if British markets collapse next week. Challenges to sentiment, hawkish Fed bets keep bears hopeful ahead of