Interstellar FX

EUR/USD EUR/USD remains stable following the trimming of losses registered in the previous session. The pair trades around 1.0810 early Thursday. Eurozone Industrial Production figures for April are scheduled for Thursday, with median market forecasts anticipating a decline to 0.2% MoM. GBP/USD GBP/USD drifts lower on Thursday amid the hawkish Fed-inspired USD buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. A daily close above the 1.2800 mark will set the stage for a further appreciating move. USD/JPY The Japanese

EUR/USD EUR/USD is trading sideways below 1.0750 in Wednesday’s Asian session. Traders refrain from placing fresh bets on the pair ahead of the top-tier US CPI data and the Fed policy announcements, which could have a big impact on the US Dollar’s performance.  GBP/USD GBP/USD keeps its range near 1.2750 early Wednesday, paying little heed to the mixed UK GDP and Industrial Output data. Markets turn cautious ahead of the key US inflation data and the Fed policy announcements, leaving the pair on

EUR/USD EUR/USD is looking to stabilize above 1.0750 in the Asian session on Tuesday. A pause in the US Dollar upsurge supports the pair, as markets reassess the implications of the Euro area political concerns. The pair’s upside could be limited due to the risk-off market mood. ECB-speak is in focus.  GBP/USD GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom, trading around 1.2740 during the early Tuesday. USD/JPY The USD/JPY pair scales higher for

EUR/USD EUR/USD extends losses toward 1.0700 in the early European morning on Monday. Mounting uncertainty around French snap elections weighs on the Euro Meanwhile, the upbeat US NFP data tempered Fed rate cut bets, adding extra legs to the US Dollar upsurge. EU Sentix data eyed.  GBP/USD GBP/USD recovers some lost ground around 1.2725 during the early Monday. The upside of GBP/USD might be limited amid the lower bets of the US Federal Reserve rate cuts this year after the stronger-than-expected US Nonfarm Payrolls data. USD/JPY The Japanese

EUR/USD EUR/USD is trading close to 1.0900, slightly on the front foot early Friday. The pair capitalizes on a risk-on market environment, as markets cheer Thursday’s rate cut decision by the ECB, which ramped up expectations of a Sept Fed rate cut. All eyes remain on the US NFP data.  GBP/USD GBP/USD trades around a flatline below 1.2800 in the European morning on Friday. The pair lacks a clear directional bias, as traders drift on the sidelines ahead of the all-important US Nonfarm Payrolls data.  USD/JPY The

EUR/USD The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar during the early Thursday. The European Central Bank interest rate decision and Press Conference by President Christine Lagarde will take centre stage later on Thursday.  GBP/USD GBP/USD resumes upside near 1.2790 despite the rebound of US Dollar. Traders started to price in two interest rate cuts by the Federal Reserve this year as the US economy grew at a slower pace in the first quarter than projected earlier. USD/JPY The Japanese Yen (JPY) appreciated on

EUR/USD EUR/USD is consolidating below 1.0900 early Wednesday amid a modest US Dollar uptick. Fed rate cut bets keep the US bond yields depressed, capping the pair’s downside. Wednesday’s key US data might provide some impetus ahead of the ECB on Thursday. GBP/USD The GBP/USD pair trades with a mild positive bias around the 1.2775-1.2780 area during the Asian session on Wednesday and remains well within the striking distance of its highest level since March 14 touched the previous day. USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD is trading near 1.0900, having eased from three-month highs in the European session on Tuesday. The US Dollar is attempting a recovery from weak ISM PMI-inflicted wounds, aided by a cautious mood. The focus now shifts to the US jobs data.  GBP/USD GBP/USD is battling 1.2800, struggling to capitalize on the move to a nearly three-month high early Tuesday. The pair feels the pull of gravity due to a negative shift in risk sentiment, which revives the US Dollar’s safe-haven demand ahead

EUR/USD EUR/USD is paring back gains to trade near 1.0850 in the European morning on Monday. Softer US monthly Core PCE inflation data and hotter-than-expected Eurozone HICP inflation data help the pair to stay afloat amid a better market mood. US ISM PMI holds the key.  GBP/USD The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow band, around mid-1.2700s during the Asian session. The downside, meanwhile, remains cushioned in the wake of a modest US

EUR/USD The EUR/USD pair weakens to 1.0820 during the early European trading hours on Friday. Investors prefer to wait on the sidelines ahead of the German Retail Sales and the US Core Personal Consumption Expenditures Price Index data, which are due later on Friday. GBP/USD GBP/USD edges higher near 1.2730 during the early Friday. The USD Index faces some selling pressure, and this provides some support to the major pair. Investors will closely monitor the US Core Personal Consumption Expenditures Price Index for April. USD/JPY The Japanese Yen (JPY) gained ground after the