Financial Services

EUR/USD EUR/USD is expected to deliver a lackluster performance ahead of Fed Powell’s speech. Fed’s Powell is expected to follow the footprints of RBNZ’s Orr and may sound hawkish. The arrival of winter will impact the already vulnerable Europe energy market. GBP/USD GBP/USD renews intraday low around 1.1810 sellers try to excel ahead of the key data/events during early Friday morning in Europe. USD/JPY The USD/JPY pair has delivered an upside break of the consolidation formed in a narrow range of 136.40-136.56 in the Tokyo

EUR/USD EUR/USD is consolidating the recovery rally around 1.0000 ahead of Germany’s IFO survey. The US dollar corrects further amid cautious optimism, as the European energy crisis battles China’s stimulus. US GDP, Jackson Hole eyed as well.  GBP/USD GBP/USD clings to gains above 1.1800, having stalled its recovery near 1.1850. The US dollar slips amid China’s stimulus-driven market optimism while pre-Jackson Hole event anxiety also keeps investors on the edge.   USD/JPY The USD/JPY pair has witnessed a steep fall after facing barricades around 137.20 in the

EUR/USD EUR/USD is heading south towards two-decade lows near 0.9900, as risk-off flows dominate and offer aid to the safe-haven US dollar. The German energy crisis has put EUR bulls on the tenterhooks.  GBP/USD GBP/USD reverses the bounce off 2.5-year low, pressured around intraday bottom. Money market bets hint at 4.0% BOE rate in March, from 1.75% currently. UK data appeared comparatively better than the US ones but Sunak’s defense of BOE appear to favor bears. USD/JPY The USD/JPY pair is marching towards 137.00 after a

EUR/USD EUR/USD is heading towards 0.9900, refreshing 20-year lows. Investors remain cautious, anticipating a contraction in Germany’s manufacturing sector, which will strengthen the odds of a recession. The US dollar finds fresh demand amid risk-aversion ahead of PMIs.  GBP/USD GBP/USD is resuming the downside towards 1.1700 amid broad risk-aversion and renewed US dollar buying. GBP bulls need an upside surprise in the UK Preliminary business PMIs after surging CPI and soft confidence last week. US PMIs eyed as well.  USD/JPY USD/JPY takes offers to renew intraday low around 137.20,

EUR/USD EUR/USD holds onto the latest upside but remains below 1.0050. US dollar struggles to find demand amid the PBOC cuts fuelled optimism. The euro looks vulnerable amid the deepening EU energy crisis and growth risks. GBP/USD GBP/USD is defending mild gains on its way to 1.1850 as the US dollar pauses its recovery rally. Markets remain cautiously optimistic amid Chinese stimulus bets and the European energy crisis. All eyes remain on the Fed’s Jackson Hole event this week.  USD/JPY USD/JPY is retreating from monthly

EUR/USD EUR/USD is attempting to correct from the lows of the day so far and is back to a flat position in the third hour of Tokyo’s session. The single currency has travelled between a range of 1.0069 and 1.0092 so far for the final day of the week. GBP/USD GBP/USD is off the lows but remains vulnerable amid mixed UK Retail Sales and broad USD strength. The UK Retail Sales surprised positively, with a 0.3% rise MoM in July. On an annualized

EUR/USD EUR/USD turns south after rejection at 1.0200 as risk-off flows dominate. US dollar finds demand, despite weaker yields and cautious Fed minutes. The euro looks vulnerable amid the deepening EU energy crisis and growth risks. GBP/USD The GBP/USD pair witnessed an intraday turnaround on Wednesday and plunged over 100 pips from the daily peak touched in reaction to hotter-than-expected UK consumer inflation figures. Bulls, however, struggled to capitalize on the move amid speculations that an economic downturn might force the UK central

EUR/USD EUR/USD consolidates the previous rebound amid a cautiously optimistic mood. US dollar takes a breather ahead of Fed minutes, the euro awaits Eurozone GDP. The shared currency remains weighed down by recession fears and gas crises. GBP/USD GBP/USD is advancing above 1.2100, cheering broad US dollar weakness ahead of the critical UK inflation data. The annualized UK CPI is seen accelerating to 9.8% in July. The US data and Fed minutes are next of relevance for the pair.  USD/JPY USD/JPY holds onto the latest

EUR/USD EUR/USD licks its wounds around 1.0160, after a brief corrective pullback, as fears surrounding economic slowdown join pre-data anxiety. With this, the major currency also justifies the bearish technical formation during early Tuesday morning in Europe. GBP/USD GBP/USD has paused its three-day sell-off near mid-1.2000s, as bears take breather ahead of the UK employment data release. The UK ILO Unemployment Rate is seen steady at 3.8% in June while the average hourly earnings ex-bonus are likely to tick higher from 4.3% to

EUR/USD EUR/USD is back in the red as the US dollar extends the overnight recovery. US Treasury yields hold near multi-week top amid hawkish Fed commentary. US Preliminary UoM Consumer Sentiment data eyed for fresh Fed rate hike pricing. GBP/USD GBP/USD remains pressured below 1.2200, as investors refrain from placing big bets on the pound ahead of the critical UK GDP release. The UK economy is set to contract 0.2% in Q2. The US dollar consolidates its recovery, with eyes on Michigan