Interstellar FX

EUR/USD EUR/USD is back in the red below 1.0700 in the early European morning on Friday. The pair reverses the previous rebound amid resurgent US Dollar demand even as risk sentiment remains in a sweeter spot. Markets turn anxious ahead of US PCE inflation and Sunday’s French elections. GBP/USD GBP/USD attracts fresh sellers on Friday, though the downside remains cushioned. Traders now seem reluctant to place aggressive directional bets ahead of the US PCE. The technical setup suggests that the path of

EUR/USD EUR/USD recovers its losses from the previous two sessions, trading around 1.0690 during the Asian session on Thursday. A technical analysis of the daily chart indicates a bearish bias, with the pair consolidating within a descending channel. GBP/USD The GBP/USD pair attracts some buyers near the 1.2615-1.2610 area, or its lowest level since mid-May touched during the Asian session on Thursday and reverses a part of the previous day’s steep decline. Spot prices currently trade around the 1.2630 area, up less than 0.10%

EUR/USD EUR/USD is trading near 1.0700, on the back foot early Wednesday. The pair is undermined by persistent US Dollar strength on a cautious mood, hawkish Fed expectations and higher US Treasury bond yields. Mid-tier US data is next in focus.  GBP/USD GBP/USD holds below 1.2700, trading sideways for the second straight day on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election anxiety keep the pair in a familiar range. Attention turns to the mid-tier US data, as the UK calendar is data-dry.  USD/JPY The

EUR/USD EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index figures for both the EU and the US on the cards. GBP/USD GBP/USD struggles to register any meaningful recovery and hangs near a one-month trough. Bets for an early rate cut by the BoE undermine the GBP and act as a headwind for the

EUR/USD EUR/USD cycled on Wednesday with US markets out for a midweek holiday, and the Fiber heads into the back half of the trading week with mid-tier data on the offering, leaving investors to look ahead to Friday’s Purchasing Managers Index (PMI) activity figures for meaningful data releases to drive sentiment in either direction. GBP/USD The GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area

EUR/USD EUR/USD trades with a mild negative bias, though the downside remains cushioned. September Fed rate cut bets keep the USD bulls on the defensive and lend support. The technical setup favors bearish traders and supports prospects for further losses. GBP/USD GBP/USD fluctuates above 1.2700 in the early European session on Wednesday. The data from the UK showed that annual inflation, as measured by the change in the Consumer Price Index, declined to 2% in May from 2.3% in April, limiting Pound

EUR/USD EUR/USD recovered to 1.0740 on Tuesday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with. GBP/USD GBP/USD halted a recent slide on Tuesday, recovering 1.2700 after bottoming out near 1.2660 last week. Broader market sentiment recovered to kick off the new week as investors shrug off cautionary tones from

EUR/USD EUR/USD is trading close to 1.0700, struggling to build on the previous bounce early Monday. European political uncertainty continues to undermine the Euro and cap the pair’s upside. The cautious mood acts as a tailwind for the USD and favors EUR/USD bearish traders.  GBP/USD GBP/USD is seen consolidating its recent losses to over a one-month low touched on Friday. The Fed’s hawkish outlook continues to underpin the USD and exerts pressure on the major. The divergent Fed-BoE policy expectations could lend some support

EUR/USD EUR/USD trades on a flat note around 1.0735 during the early Friday. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June.  GBP/USD The GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its neck above the previous day’s swing low. Spot prices currently hover around the