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EUR/USD EUR/USD takes offers to refresh multi-year low during seven-day downtrend. US Treasury yields rally to fresh cycle highs amid fears of economic slowdown, hawkish central banks. Energy crisis in Eurozone joins fears of more drama on the Russia-Ukraine issue to keep bears hopeful. GBP/USD GBP/USD remains on the back foot while reversing the previous day’s corrective bounce, taking offers near 1.0630 during early Wednesday morning in Europe. The Cable pair respects the US dollar’s latest run-up amid the rush for risk

EUR/USD EUR/USD prints the first daily gains in six around 20-year low. Markets consolidate recent moves amid light calendar, mixed headlines. Hawkish central bankers, energy crisis keeps bears hopeful despite immediate rebound. GBP/USD GBP/USD reverses the previous day’s heavy losses as it bounces off the all-time low to 1.0780 during early Tuesday morning in Europe. In doing so, the Cable pair renews intraday high while also snapping the five-day downtrend. USD/JPY The Japanese yen tumbled to a low of 145.90 against the US dollar.

EUR/USD EUR/USD fades bounce off the recently flashed 20-year low of 0.9553, around 0.9630 heading into Monday’s European session, as bears keep reins amid a broad risk-off mood. ECB’s Lagarde, Germany IFO numbers eyed for intraday directions. GBP/USD GBP/USD remains mostly inactive after declining to the all-time low. Doubts over UK’s fiscal stimulus to generate economic benefits, Russia-Ukraine woes led the bears. Hawkish Fedspeak, firmer US data also exerted downside pressure on the cable pair. USD/JPY USD/JPY renews intraday high around 143.60 as Tokyo opens

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