Interstellar FX

EUR/USD EUR/USD is seeing fresh selling, dropping toward 1.0750 in the European morning on Tuesday. The pair is weighed down by a modest US  Dollar uptick, as investors stay cautious amid China’s economic woes. EU PPI and US Factory Orders are next of note.  GBP/USD GBP/USD justifies the Cable traders’ indecision amid mixed catalysts while making rounds to 1.2630 heading into Tuesday’s London open. Apart from the unclear signals, the cautious mood ahead of the key US and UK data also prods the

EUR/USD EUR/USD is bouncing back toward 1.0800 heading into the European morning. The pair is benefiting from a broadly subdued US Dollar, as investors weigh the Fed-ECB policy divergence amid a US holiday and ahead of ECB President Lagarde’s speech.  GBP/USD GBP/USD edges higher during the Asian session on Monday amid subdued USD demand. The uncertainty over the Fed’s rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders. USD/JPY USD/JPY

EUR/USD EUR/USD remains depressed around 1.0845 as traders brace for the top-tier US employment details on early Friday. The Euro pair struggles for clear directions after declining the most in five weeks the previous day. GBP/USD GBP/USD experienced losses due to US moderate economic data. Investors turn cautious around BoE’s policy decision and the UK’s gloomy economic situation. UK’s FCA stated that British savings account holders can take advantage of higher interest rates. USD/JPY USD/JPY refreshes intraday high to 145.70 as it pares the

EUR/USD EUR/USD is easing toward 1.0900, stalling the previous recovery in the early European morning on Thursday. The US Dollar finds its feet, as markets turn cautious ahead of key inflation data releases from the Eurozone and the US.  GBP/USD The GBP/USD pair consolidates its weekly gains registered over the past three days and seesaws between tepid gains/minor losses through the Asian session on Thursday. Spot prices trade around the 1.2720 region, nearly unchanged for the day and just a few pips

EUR/USD EUR/USD reverses from the weekly top while posting the first daily loss in three around 1.0860. The Euro pair marks the trader’s positioning for the top-tier German and the US data. GBP/USD GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. Investors await US economic data, seeking further clues on the Fed’s policy decision. USD/JPY USD/JPY licks its wounds after posting

EUR/USD EUR/USD is trading firmer above 1.0800, moving away from over a two-month low. The pair is supported by a modest USD downtick. Retreating US bond yields and a positive risk tone turn out to be key factors weighing on the Greenback ahead of the US jobs and sentiment data.  GBP/USD GBP/USD is holding on to the renewed upside, heading toward 1.2850 in the European morning on Tuesday. The extended retreat in the US Dollar alongside the US Treasury bond yields underpin the

EUR/USD EUR/USD is trading above 1.0800, rebounding from 13-week lows in early Europe on Monday. The US Dollar pullback lifts the pair amid the return of risk flows while traders digest Friday’s hawkish comments from Fed Chair Powell and ECB President Lagarde.  GBP/USD GBP/USD is rising above 1.2600, gaining some positive traction on the first day of a new week The pair benefits t from a modest US Dollar retreat, as China’s policy support measures boost risk appetite. Light trading is likely to extend due to the

EUR/USD EUR/USD is trading under pressure below 1.0800 on Friday’s European morning. The US Dollar attracts safe-haven flows, as investors turn cautious ahead of the speeches from Fed Chair Powell and ECB President Lagarde at the Jackson Hole Symposium. German IFO coming up next.  GBP/USD GBP/USD is losing ground toward 1.2550 in the European morning. The pair respects the broad US Dollar strength ahead of the central bankers’ showdown at the annual Jackson Hole Symposium. Reduced bets for a 6% BoE peak rate also add to

EUR/USD EUR/USD extends gains for the second consecutive day, trading around 1.0870. The pair has shown resilience despite the downbeat PMI data from the Eurozone and Germany reported on Wednesday, prompting a cautious market sentiment as investors look for additional cues regarding the inflation outlook. GBP/USD GBP/USD extends its losses and trades lower around 1.2710. The pair faces downward pressure due to downbeat preliminary PMI data released from the United Kingdom (UK) on Wednesday, which came in below expectations. USD/JPY The USD/JPY pair remains on the defensive during the early Asian trading hours

EUR/USD EUR/USD is recovering ground above 1.0850 early Europe this Wednesday. Cautious optimism and a retreat in the US Dollar alongside the US Treasury bond yields underpin EUR/USD’s renewed upside. All eyes remain on the EU and US PMIs.  GBP/USD GBP/USD is trading on the front foot near 1.2750 in the European morning this Wednesday. The pair is drawing support from the US Dollar pullback across the board. However, the further upside appears elusive amid cautious trading and ahead of UK PMIs.  USD/JPY USD/JPY holds lower