Interstellar FX

EUR/USD The EUR/USD pair breaks its four-day losing streak, trading around 1.0840 during the Asian session on Friday. However, the US Dollar (USD) received support and reached a two-month high of 103.87 on Thursday, supported by a solid US Retail Sales report, which fueled expectations that the Federal Reserve (Fed) may implement nominal rate cuts. GBP/USD GBP/USD managed to plug the leaks and stop its most recent backslide, but potential for a bullish rebound remains tepid at best. The Pound Sterling clawed back a scant sixth

EUR/USD EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s (ECB) upcoming rate call on Thursday. The ECB is widely expected to trim interest rates by a quarter of a percent, or 25 bps. GBP/USD Tension snapped in GBP/UISD chart action on Wednesday, with Cable losing the tug of war and backsliding out of recent congestion. Cable tumbled two-thirds of one percent and slipped below the 1.3000 handle during the midweek market

EUR/USD EUR/USD holds its position after a four-day losing streak, trading around 1.0890 during the Asian session on Wednesday. The Euro may face downward pressure as the European Central Bank (ECB) is widely anticipated to implement a 25 basis point cut on both the Main Refinancing Operations and the Deposit Facility Rate during Thursday’s policy meeting. GBP/USD GBP/USD churned chart paper in familiar territory for a fourth consecutive trading day on Wednesday. Cable continues to cycle in a dead zone between 1.3100 and

EUR/USD EUR/USD hit a fresh ten-week low on Monday, kicking off a new trading week with renewed declines. The Euro shed one-quarter of one percent against the Greenback, knocking into the 200-day Exponential Moving Average (EMA) as USD strength parlays with a broadly weakening EUR. GBP/USD GBP/USD churned chart paper just north of 1.3000 on Monday, with markets striking a laid-back tone ahead of key UK data due to release in the first half of the trading week. UK wages and jobs

EUR/USD EUR/USD continues its downward trend for the fourth consecutive session, hovering around 1.0920 during the Asian trading hours on Monday. The Euro faces downward pressure as the European Central Bank (ECB) prepares for its monetary policy decision on Thursday. GBP/USD The GBP/USD pair struggles to capitalize on Friday’s modest gains and attracts fresh sellers at the start of a new week. Spot prices currently trade around mid-1.3000s and remain close to a one-month low touched last Thursday amid a bullish US Dollar

EUR/USD EUR/USD remains on the defensive below 1.0950 in the early European session on Friday. The hotter-than-expected US CPI inflation reading on Thursday provided some support to the Greenback, capping the pair’s upside. US PPI inflation data is next in focus.  GBP/USD GBP/USD draws support from subdued USD demand, though bulls remain on the sidelines. Expectations for more aggressive BoE policy easing undermine the GBP and cap the major. Traders now look to the UK data dump for short-term impetus ahead of the

EUR/USD The EUR/USD pair oscillates in a narrow band below mid-1.0900s during the Asian session on Thursday and consolidates the recent heavy losses to a nearly two-month low touched the previous day.  GBP/USD The GBP/USD pair trades with a mild positive bias around the 1.3075 area during the Asian session on Thursday, albeit it lacks bullish conviction and remains within the striking distance of a nearly one-month low touched the previous day.  USD/JPY USD/JPY defends 149.00, stalling its retracement from the highest level since mid-August

EUR/USD The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. The major pair edges higher amid the modest weakening in the US Dollar. However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve in November.  GBP/USD GBP/USD gains some positive traction and snaps a five-day losing streak to a multi-week low. A modest USD downtick lends support to the pair, though a combination of factors caps

EUR/USD The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. The major pair edges higher amid the modest weakening in the US Dollar. However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve in November.  GBP/USD GBP/USD gains some positive traction and snaps a five-day losing streak to a multi-week low. A modest USD downtick lends support to the pair, though a combination of factors caps

EUR/USD The EUR/USD pair kicks off the new week on a subdued note and consolidates last week’s heavy losses to its lowest level since mid-August touched in the aftermath of the upbeat US employment details on Friday. Spot prices currently trade around the 1.0975 region and seem vulnerable to prolong the recent sharp pullback from a 14-month top – levels just above the 1.1200 mark.  GBP/USD The GBP/USD pair posts modest gains to near 1.3130, snapping the three-day losing streak during the