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EUR/USD EUR/USD has tumbled to near 1.2850 amid a significant recovery in the DXY. A lower US CPI print has trimmed the odds of hawkish guidance while rate hike odds are solid. This week, the US Michigan CSI data will be of utmost importance. GBP/USD GBP/USD remains pressured around 1.2200 heading into Thursday’s London open, having witnessed the most significant daily jump in two months the previous day. US Jobless Claims, PPI will also be important for intraday directions. USD/JPY The USD/JPY pair has extended

EUR/USD EUR/USD picks up bids to reverse early Asian session losses, stays mildly bid around weekly top. DXY tracks sluggish yields even as Fedspeak favors 75 bps rate hike in September. Final readings of Germany’s HICP inflation for July can entertain traders ahead of US CPI. GBP/USD GBP/USD is juggling in six-pips as investors are expected to create positions post US Inflation data. For Fed’s neutral stance, a spree of a slowdown in price pressures is required. The UK’s GDP is expected

EUR/USD EUR/USD is displaying back and forth moves in a tight range around 1.0200, as investors await US inflation data for a fresh direction. Subdued US dollar and yields offset the European gas crisis and recession fears.  GBP/USD GBP/USD is edging higher towards 1.2100, underpinned by a steady US dollar amid a cautiously optimistic market mood. Bumper US NFP data ramped up aggressive Fed tightening expectations. UK political woes and a dovish BOE rate hike could cap the pound’s upside.  USD/JPY The USD/JPY pair is eyeing

EUR/USD EUR/USD is holding onto the latest advance above 1.0200, as bulls take a breather ahead of the EU preliminary inflation data. The US dollar remains heavy amid renewed sell-off in the yields, as economic woes bite. US PCE is inflation eyed as well.  GBP/USD GBP/USD is trading close to 1.2200, consolidating gains as the US dollar resumes the post-Fed downside amid recession fears. US PCE inflation remains in focus. The BOE is set for a 50 bps rate hike next week. USD/JPY The USD/JPY pair has

EUR/USD EUR/USD is looking to surpass 1.0220 to record more gains as DXY has extended losses. Fed’s consecutive rate hike by 75 bps has failed to support the DXY. This week, the GDP data from the US and Eurozone will remain in limelight. GBP/USD GBP/USD remains sidelined around monthly high, recently easing from the top. US dollar slumped after Fed’s 0.75% rate hike as Chairman Powell teased net neutrality. Downbeat British car production, fears of UK real-estate recession and political jitters probe

EUR/USD EUR/USD is consolidating the rebound near 1.0150 as the dollar sees renewed weakness amid a rally in the US stock futures. Pre-Fed anxiety and the European gas crisis are likely to keep the upside elusive in the pair.  GBP/USD GBP/USD is looking to extend the recovery towards three-week highs of 1.2091 amid a broadly weaker US dollar and cautious optimism. Investors shrug off recession fears, as attention turns towards the US data and Fed rate hike decision.  USD/JPY USD/JPY justifies the recent bearish Doji

EUR/USD EUR/USD is eyeing more upside after overstepping the barricade of 1.0250. Escalating recession worries have weighed pressure on the DXY. The Fed is likely to hike interest rates by 75 bps as a  1% rate hike is out of the picture. GBP/USD GBP/USD grinds higher at the monthly top, printing the four-day uptrend as it rises to 1.2085 during Tuesday’s Asian session. it’s worth noting that the cable pair’s recent strength takes clues from the US dollar’s weakness while ignoring concerns

EUR/USD EUR/USD is trading close to two-month highs near 1.1450, as the US dollar bears take a breather amid a worsening mood. ECB policymakers stay hopeful despite covid woes, citing mixed concerns over inflation. A slew of ECB, Fed members are due to speak amid the US PPI release. GBP/USD GBP/USD is defending 1.3700, having hit three-month highs at 1.3720. The US dollar licks its wound amid a risk-off mood. Britain prints record covid infections, UK PM Johnson rejects resignation demands, as political

EUR/USD EUR/USD is dribbling close to weekly top below 1.1400, as the US dollar remains on the defensive alongside the yields, in the aftermath of Fed Chair Powell’s testimony. Coronavirus woes, World Bank forecasts test immediate upside ahead of Eurozone industrial figures and the critical US inflation. GBP/USD GBP/USD is trading close to two-month highs near 1.3650, helped by the recent pullback in the US dollar and yields. The risk sentiment remains lifted ahead of US inflation data. Brexit risks continue to loom,

EUR/USD EUR/USD rose toward 1.1350 in the early European trading on Tuesday but lost its traction going into the American session. The US Dollar Index is clinging to modest daily gains as investors gear up for FOMC Chairman Powell’s renomination hearing. GBP/USD GBP/USD turned south after rising to a fresh two-month high above 1.3600 and erased a large portion of its daily gains. Hawkish comments from Fed’s Bostic seems to be helping the dollar find demand ahead of FOMC Chairman Powell’s testimony. USD/JPY USD/JPY gained