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10.01.2022 Market Report

EUR/USD EUR/USD faces modest bearish pressure and trades below 1.1350 early Monday as rising US Treasury bond yields help the dollar find demand. The data from the euro area showed that investor sentiment improved in January but this report failed to trigger a noticeable market reaction. GBP/USD GBP/USD is on the defensive below 1.3600, struggling for clear direction amid a cautious market mood, covid and Brexit concerns. The US dollar stages a decent comeback after Friday’s sell-off, as yields stabilize at higher levels. USD/JPY USD/JPY

07.01.2022 Market Report

EUR/USD EUR/USD extends the erratic performance so far this week although always around the key 1.1300 neighbourhood and ahead of the critical release of US Nonfarm Payrolls for the month of December. GBP/USD GBP/USD is trading close to 1.3550, preserving the Asian bounce amid a recovery in the risk sentiment. The US dollar tracks the yields lower ahead of the critical US NFP report. Brexit and coronavirus updates from the UK are eyed as well. USD/JPY A positive risk tone undermined the safe-haven JPY and

04.01.2022 Market Report

EUR/USD EUR/USD is treading water around 1.1300, consolidating the heaviest daily fall since December 17. The currency pair tracks steady Treasury yields while waiting for second-tier data from Germany and the key US ISM Manufacturing PMI. GBP/USD GBP/USD is under pressure below 1.3500, consolidating Monday’s sell-off. The UK ports fear unfair Brexit advantage, Stormont collapse looms. PM Johnson fears considerable pressure on medical system as cases jump. UK/US Manufacturing PMIs in focus. USD/JPY USD/JPY is sitting at the highest levels since January 2017, fast-approaching the

03.01.2022 Market Report

EUR/USD EUR/USD is trading below 1.1350, retreating from seven-week highs. Traders struggle for a clear direction as equity futures rise, yields hold steady. Omicron woes escalate and underpin the US dollar’s recovery ahead of a busy US events week. GBP/USD GBP/USD bears step on the gas at the start of the week into test near to 1.35 the figure. US events, Brexit, Covid and central banks outlooks to be the driving forces this week. USD/JPY USD/JPY climbs to over one-month high, around 115.35 amid stronger

31.12.2021 Market Report

EUR/USD EUR/USD pares daily losses around 1.1320, despite fading bounce off intraday low, during the early Friday morning in Europe. In doing so, the major currency pair remains inactive amid a lack of major data/events and mixed catalysts as traders brace for 2022. GBP/USD Alike other major currency pairs, GBP/USD also treads water around 1.3500 heading into Friday’s European session. In doing so, the cable pair seesaws near the highest levels in seven weeks amid a lack of major data/events. USD/JPY USD/JPY bounces off intraday

30.12.2021 Market Report

EUR/USD EUR/USD touched its highest level in a month at 1.1370 on Wednesday but struggled to preserve its bullish momentum. The pair was last seen edging lower toward 1.1300. GBP/USD GBP/USD reverses the early Asian gains while easing to 1.3485 ahead of Thursday’s London open. USD/JPY The USD/JPY pair continued scaling higher heading into the European session and shot to a fresh monthly high, around the 115.15 region. AUD/USD The AUD/USD pair surrendered its modest intraday gains and was last seen trading just a few pips above

23.12.2021 Market Report

EUR/USD EUR/USD remains indecisive around 1.1340 after a three-day uptrend to refresh the weekly top. In doing so, the major currency pair portrays the market’s mood during early Thursday morning in Europe. GBP/USD GBP/USD consolidates recent gains around the weekly top, down 0.10% intraday around 1.3350 during early Thursday. USD/JPY Early Thursday morning in Europe, Bank of Japan (BOJ) Governor Haruhiko Kuroda crossed wires via Reuters. The policymakers initially defended the Japanese central bank’s currency monetary policy while citing inflation concerns. BOJ’s Kuroda then stated,

22.12.2021 Market Report

EUR/USD EUR/USD is retreating from 1.1300, snapping a two-day uptrend. Cautious mood revives the US dollar’s safe-haven demand, despite weaker yields. US inflation expectations recover ahead of GDP and Consumer Confidence data. Omicron news and Biden’s speech eyed as well. GBP/USD GBP/USD is back in the red on Wednesday, reversing a part of the previous day’s rebound amid a worsening market mood. USD/JPY USD/JPY pares intraday losses while bouncing off the daily low to keep the 114.00 threshold on the chart during early Wednesday. In

17.12.2021 Market Report

EUR/USD EUR/USD came under renewed bearish pressure during the European trading hours and started to edge lower toward 1.1300. The data from Germany showed that the business confidence weakened in December with the IFO Current Assessment Index declining to 96.9 from 99 in November. GBP/USD GBP/USD fell below 1.3300 with the risk-averse market environment providing a boost to the greenback. The data from the UK showed Retail Sales increased by 4.7% on a yearly basis in November following October’s contraction of 1.5%. USD/JPY USD/JPY edged

16.12.2021 Market Report

EUR/USD EUR/USD continues to push higher in the early European session on Thursday as the greenback remains on the back foot. Although the latest PMI data from the euro area came in below market expectations, the pair manages to hold in the positive territory above 1.1300 ahead of ECB’s policy announcements. GBP/USD GBP/USD regained its traction amid persistent dollar weakness and climbed to its strongest level in nearly two weeks at 1.3300 in the early European session on Thursday. The Bank of England