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EUR/USD EURUSD is trading close to 1.0300 in early Europe, undermined by a broad-based US Dollar rebound. Fed Governor Waller’s warnings lifted the US Dollar alongside the Treasury yields while a cautious tone ahead of the Xi-Biden meeting also weighs on the pair.  GBP/USD GBPUSD is holding lower ground near 1.1750, snapping a two-day uptrend in early Europe. The pair tumbles amid a decent recovery in the US Dollar, as US Treasury yields rebound on Fed Governor Waller’s remarks. Markets stay cautious ahead

EUR/USD EUR/USD is holding onto gains above 1.0200, capitalizing on a fresh risk-on wave after China cut its quarantine restrictions and flight bans. The safe-haven US Dollar resumes its post-CPI downside ahead of the Michigan Consumer Sentiment data. GBP/USD GBPUSD is recovering losses while trading at around 1.1700, awaiting the UK Q3 GDP release for fresh impetus. The US Dollar is seeing fresh supply, as risk flows return on China reopening optimism.  USD/JPY USDJPY seesaws around the intraday high near 142.50 as it consolidates the

EUR/USD EURUSD aptly portrays the market’s anxiety ahead of the key US inflation data during early Thursday. In doing so, the major currency pair fades the late Wednesday’s corrective bounce off 0.9992. It’s worth noting that the quote reversed from a two-month high the previous day amid a broad risk-off mood. GBP/USD GBPUSD takes the bids to refresh intraday high, extends bounce off 50-DMA. High hopes form UK PM Sunak underpin recovery despite pessimism surrounding British property markets and hirings. Mixed Fedspeak,

EUR/USD EURUSD remains on the back foot while eyeing 1.0050 in early European trading. The US Dollar stabilizes, awaiting clarity on the US midterm election results, with a potential Republican victory and a government gridlock. Speeches from Fed and ECB officials are next in focus.  GBP/USD GBPUSD seesaws around the mid-1.1500s during the four-day uptrend as bulls and bears jostle amid early Wednesday. While the Cable pair’s previous gains could be linked to the broad US dollar weakness, the recent anxiety in

EUR/USD EURUSD is trading close to parity, turning south amid a renewed uptick in the US Dollar. Investors remain on the sidelines in anticipation of the critical US inflation data later this week. Encouraging Eurozone Sentix data underpins the Euro ahead of the Retail Sales report.  GBP/USD The GBPUSD pair has sensed a halt in the downside trend around the 1.1500 mark in the Tokyo session. The Cable could rebound firmly ahead as recession fears in the US economy are accelerating dramatically. The

EUR/USD EURUSD is trading close to 0.9950, recovering ground amid a positive shift in risk sentiment, which is checking the US Dollar recovery. Worries over the Fed downsizing interest rates is capping any upside attempts in the dollar. Eurozone data eyed.  GBP/USD GBPUSD is bouncing back towards 1.1350, consolidating the biggest daily gains in a month. UK FinMin Hunt eyes GBP60 billion worth of tax hike and spending cuts in the Budget. Mixed US data and Fedspeak allow buyers to sneak in amid a quiet

EUR/USD EURUSD is consolidating the recovery gains below 0.9800 in early Europe. Upbeat sentiment contributes to the typical pre-NFP trading amid the US Dollar repositioning. Firmer yields and hawkish Fed keep bears hopeful. Lagarde’s speech eyed as well.  GBP/USD GBPUSD is holding onto the recovery gains above 1.1200 as risk flows return early Friday, triggering a corrective downside in the US Dollar. The Fed-BoE policy contrast continues to limit the pair’s rebound, as the focus shifts to the US NFP report.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD is trading above 0.9800, defending mild gains amid a sluggish Thursday European morning. The pair licks its wounds following the hawkish Fed-induced sell-off while the US dollar struggles to find fresh demand. ECB’s Lagarde, US ISM PMI awaited.  GBP/USD GBP/USD is clinging to recovery gains above 1.1400, as the US dollar rally takes a breather, despite a cautious mood and higher Treasury yields on hawkish Fed. The pair’s further upside appears elusive ahead of the all-important BoE rate hike decision.  USD/JPY USD/JPY bears

EUR/USD EUR/USD is consolidating below 0.9900, as buyers struggle to keep the reins in early Europe. The pair is drawing support from the renewed weakness in the US dollar alongside the yields. Investors trade with caution ahead of the Fed rate hike decision.  GBP/USD GBP/USD is hovering around 1.1500 in early European trading hours amid cautious optimism. The US dollar remains pressured, weighed down by weaker Treasury yields, as investors brace for the expected 75 bps Fed rate hike decision.  USD/JPY USD/JPY stands on slippery grounds

EUR/USD EUR/USD is extending the rebound from weekly lows above 0.9900, helped by ECB Chief Lagarde’s comments. The US dollar loses further ground amid a better risk profile and falling Treasury yields. Focus shifts to US ISM Manufacturing PMI and Fed decision.  GBP/USD The GBP/USD pair is aiming to extend its recovery above the immediate hurdle of 1.1517 after a sheer rebound from 1.1460 in the early European session. The cable has been underpinned as the risk-on impulse has rebounded firmly.  USD/JPY USD/JPY pares intraday losses,