Interstellar FX

EUR/USD The EUR/USD pair extends the overnight retracement slide from a six-week peak – levels just above the 1.1000 psychological mark – and drifts lower for the second successive day on Friday. The Fed’s hawkish outlook and the risk-off impulse, continue to underpin the safe-haven buck. GBP/USD GBP/USD has shown a vertical fall to near the 1.2700 mark due to the risk-aversion theme in the early European morning. The pair is looking vulnerable ahead of the UK Retail Sales and Preliminary Manufacturing and Services PMI

EUR/USD The EUR/USD pair has surrendered the majority of intraday gains added in the Asian session. The major currency pair has faced some selling pressure while attempting to recapture the 1.1000 mark. GBP/USD GBP/USD oscillates in a narrow trading band ahead of the key BoE decision on Thursday. Rising bets for a jumbo 50 bps lift-off continue to underpin the GBP and act as a tailwind. The USD languishes near the monthly low and further lends some support to the major. USD/JPY USD/JPY picks up bids

EUR/USD The EUR/USD pair is demonstrating a non-directional performance above the round-level support of 1.0900 in the Asian session. The major currency pair is following the footprints of the sideways US Dollar Index (DXY), which is expected to provide action after Federal Reserve (Fed) chair Jerome Powell’s testimony. GBP/USD GBP/USD is losing the upside traction, holding steady above 1.2750 ahead of the high-impact UK CPI inflation data. The annual UK CPI is seen rising 8.4% in May, against an 8.7% increase reported in April while the Core CPI

EUR/USD The EUR/USD pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band, just above the 1.0900 round-figure mark through the Asian session. The US Dollar (USD) builds on its recent bounce from over a one-month low touched last Friday and edges higher for the third successive day. GBP/USD GBP/USD remains defensive near 1.2780 as it struggles to justify the hawkish concerns about the Bank of England (BoE) ahead of the UK’s inflation data. The recently mixed concerns about

EUR/USD The EUR/USD pair is oscillating in a narrow range around 1.0940 in the late Asian session. The major currency pair is demonstrating a non-directional performance as the street is divided about the further roadmap of interest rate policy to be attempted by the Federal Reserve (Fed). GBP/USD GBP/USD sellers prod intraday low of around 1.2810 heading into Monday’s London open, printing the first daily loss in five at the highest levels in 14 months. The British Pound (GBP) continues with its relative

EUR/USD The EUR/USD pair attracts some selling following an early uptick to the 1.0845 region during the Asian session on Thursday and retreats further from a nearly one-month high touched the previous day. The pair currently trades near the lower end of its intraday trading range, just above the 1.0800 mark. GBP/USD GBP/USD remains depressed around 1.2650 as it prints the first daily loss in three heading into Thursday’s London open. In doing so, the Cable pair retreated from the highest levels since

EUR/USD EUR/USD is trading on the defensive below 1.080,0 as it struggles to extend the two-day winning streak near the highest levels since late May early Wednesday. The pair is weighed by the cautious mood ahead of the Fed policy decision.  GBP/USD GBP/USD aptly portrays the Fed day anxiety as it makes rounds to 1.2610 during early Wednesday. In doing so, the Cable pair fades upside momentum as the traders recheck the hawkish signals flashes via the US inflation and the UK employment data the previous

EUR/USD EUR/USD extends gain toward 1.0800, around the highest levels since late May, as Euro bulls brace for the key day. The pair remains on the front foot as the US Dollar tracks the US Treasury bond yields lower amid expectations of soft US CPI data.  GBP/USD GBP/USD is extending the bounce toward 1.2550, as the Cable traders await the UK employment report early Tuesday. The pair is underpinned by a broadly weaker US Dollar amid a cautiously optimistic market mood ahead of the

EUR/USD EUR/USD is trading above 1.0700, as bulls keep the reins for the second day on Thursday. The currency pair shrugs off looming economic concerns and upbeat US Treasury bond yields amid a broadly weaker US Dollar. EU data awaited.  GBP/USD GBP/USD is holding the upside above 1.2450 in the European morning. The pair capitalizes on renewed US Dollar weakness, despite a cautious market mood and higher US Treasury bond yields. The UK docket remains data-dry, as the focus shifts to the US data.  USD/JPY The USD/JPY

EUR/USD EUR/USD bulls attack the 1.0700 threshold while refreshing the intraday high early Wednesday. In doing so, the Euro pair reverses the previous day’s losses within a one-week-old symmetrical triangle. GBP/USD GBP/USD licks its wounds near 1.2425 during early Wednesday morning in Asia, after declining in the last three consecutive days. In doing so, the Cable pair rebounds from a two-week-old ascending support line to consolidate the weekly loss, after snapping a three-week downtrend in the last. USD/JPY USD/JPY prints mild losses around 139.35 despite