Interstellar FX

EUR/USD EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week. Broad-market selling pressure deflated the US Dollar (USD) after risk appetite roared to the forefront after US Consumer Price Index (CPI) inflation eased more than investors expected. GBP/USD The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of

EUR/USD The EUR/USD pair trades with a bullish bias around 1.0815 during the Asian trading hours on Wednesday. Markets might turn to a cautious mood later in the day ahead of key economic data from the Eurozone and the US.  GBP/USD GBP/USD consolidates its gains around 1.2590 during the Asian session on Wednesday. The major pair holds above the key 100-day EMA but remains capped under the 1.2600 hurdle. The US CPI and Retail Sales report for April will be in the spotlight. USD/JPY The USD/JPY pair trades in positive territory for the fourth consecutive

EUR/USD EUR/USD has recovered its recent gains registered in the previous session, trading around 1.0780 during the Asian session on Tuesday. From a technical perspective, analysis indicates a sideways trend for the pair as it continues to lie within the symmetrical triangle.  GBP/USD GBP/USD hovers around 1.2560 during the Asian session on Tuesday following the improved risk appetite. The Pound Sterling received support from higher-than-anticipated UK Gross Domestic Product figures released on Friday. USD/JPY The USD/JPY pair extends the rally around 156.20 during the early Asian

EUR/USD EUR/USD trades on a softer note around 1.0770 during the Asian trading hours on Monday. Investors turn to cautious mode and prefer to wait on the sidelines ahead of the US key economic data this week. GBP/USD GBP/USD edges higher to near 1.2520 during the Asian session on Monday, possibly due to improved risk appetite. The Pound Sterling was bolstered by releasing higher-than-expected UK Gross Domestic Product figures on Friday. USD/JPY The USD/JPY pair trades on a stronger note near 155.85 during the Asian trading hours on Monday. The

EUR/USD EUR/USD gained ground on Thursday, finding upside on the week after the US Dollar (USD) broadly fell back after rising US Initial Jobless Claims sparked renewed hope of rate cuts from the Federal Reserve (Fed). US Initial Jobless Claims rose to 231K for the week ended May 3, the highest number of new jobless benefits seekers week-on-week since last August. With possible signs of weakness appearing in the US job market, rate-hungry markets pivoted into risk appetite.  GBP/USD The GBP/USD pair posts

EUR/USD EUR/USD could extend its losses for the third successive session, trading around 1.0750 during the Asian session on Thursday. The US Dollar appreciates amid expectations of the Federal Reserve’s maintaining higher interest rates.  GBP/USD GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday. Thursday brings the Bank of England interest rate decision, with expectations of maintaining interest rate at 5.25%. USD/JPY The USD/JPY pair trades in positive territory for the fourth consecutive day around 155.60 during the early

EUR/USD EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates. GBP/USD The GBP/USD pair trades on a softer note around 1.2500 on Wednesday during the Asian session. The USD Index recovers modestly to 105.40, which drags the major pair lower. Investors focus on the upcoming Bank of England’s monetary policy meeting. USD/JPY The USD/JPY pair trades in positive territory

EUR/USD EUR/USD snaps its four-day winning streak, trading around 1.0760 during the Asian hours on Tuesday. However, the Euro found support from higher-than-expected Eurozone Purchasing Managers Index (PMI) data released on Monday. Later on Tuesday, Retail Sales data are set to be released during the upcoming European market session. This data will provide insights into the short-term performance of the retail sector, which contributes approximately 5% to the total value added by the Eurozone economies. GBP/USD The GBP/USD pair trades in positive territory

EUR/USD EUR/USD continues to gain ground on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro. This improved risk appetite could be attributed to dovish remarks from Federal Reserve Chairman Jerome Powell on Wednesday. GBP/USD GBP/USD gains traction near 1.2535 during the early Thursday. The uptick of the major pair is supported by the sharp decline of the US Dollar after the US Federal Reserve left its interest rate unchanged.  USD/JPY The USD/JPY trades at 157.42 after the Federal Reserve (Fed) decision to hold rates at 5.25%-5.5%

EUR/USD The EUR/USD pair meets with some supply during the Asian session on Tuesday and erodes a part of the previous day’s gains amid the emergence of fresh US Dollar (USD) buying. Spot prices, however, remain in a familiar range held over the past week or so and currently trade around the 1.0700 round-figure mark. GBP/USD The GBP/USD pair consolidates its gains near 1.2560 during the early Asian session on Tuesday. The recovery of the major pair is supported by a falling US Dollar Index (DXY) to 105.65.