EUR/USD EUR/USD is defending minor gains above 1.1100 in the European morning on Wednesday. A broadly subdued US Dollar, amid increased bets of an outsized Fed rate cut and a cautiously optimistic market mood, underpins the pair. All eyes remain on the Fed policy verdict. GBP/USD GBP/USD gains traction and rises toward 1.3200 in the European morning on Wednesday. The data from the UK showed that the annual core CPI rose 3.6% in August, up from a 3.3% increase in July, and supported the
EUR/USD The EUR/USD pair trades on a softer note near 1.1125 amid the modest recovery in US Dollar during the early Tuesday. Traders brace for the release of US Retail Sales data, which is due later in the day. On Wednesday, the US Federal Reserve interest rate decision will take center stage. GBP/USD GBP/USD traders move to the sidelines ahead of the FOMC/BoE policy meetings this week. Rising Bets for a 50 bps Fed rate cut keep the USD bulls on the defensive and lend support.
EUR/USD EUR/USD starts the week on a positive note, edging higher to trade around 1.1090 during the Asian session on Monday. Investors are now focused on the highly-anticipated policy decision from the US Federal Reserve (Fed) later this week. Markets remain divided on whether the Fed will cut rates by 25 basis points (bps) or 50 bps. GBP/USD The GBP/USD pair attracts some dip-buying on the first day of a new week amid relatively thin trading conditions on the back of a holiday
EUR/USD The EUR/USD pair builds on the previous day’s goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on Friday. GBP/USD The GBP/USD pair gains positive traction for the second straight day and recovers further from over a three-week low, around the 1.3000 psychological mark touched on Wednesday. USD/JPY The USD/JPY pair weakens further below mid-141.00s during the Asian session on Friday and has now moved back closer to the
EUR/USD EUR/USD is gyrating in a tight range above 1.1000 in Asian trading on Thursday. Traders assess the latest US CPI inflation data, bracing for the ECB policy announcements amid a positive risk sentiment and sustained US Dollar strength. GBP/USD The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity released during the European session seems to have added pressure on the pound. USD/JPY The USD/JPY pair fails to capitalize on modest Asian session
EUR/USD EUR/USD breaks its three-day losing streak, trading around 1.1050 during Wednesday’s Asian session. The upside of the pair is attributed to the subdued US Dollar ahead of the US Consumer Price Index data scheduled to be released later in the North American hours. GBP/USD GBP/USD attracts some buyers on Wednesday amid a modest USD decline. The fundamental backdrop warrants before placing aggressive bullish bets. Traders might also prefer to wait for the release of the crucial US CPI report. USD/JPY The USD/JPY pair remains under
EUR/USD The EUR/USD pair recovers a few pips from a one-week low, around the 1.1030-1.1025 area touched during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak. Any meaningful appreciating move, however, still seems elusive in the wake of some follow-through US Dollar (USD) buying. GBP/USD GBP/USD extends its losing streak for the third successive day, trading around 1.3060 during the Asian session on Tuesday. The downside of the pair could be attributed to the
EUR/USD EUR/USD is falling back toward 1.1050 in the early European morning on Monday. Renewed US Dollar buying amid a cautious market mood fuels a fresh leg down in the pair. A potential ECB rate cut this week could also keep the pair on the back foot. EU Sentix data eyed. GBP/USD GBP/USD has come under renewed selling pressure, approaching 1.3100 in European trading on Monday. The pair is weighed down by resurgent demand for the US Dollar, as traders stay cautious
EUR/USD The EUR/USD pair struggles to capitalize on its gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Friday. Spot prices, meanwhile, manage to hold above the 1.1100 round figure, nearly unchanged for the day as traders opt to wait for the release of the US Nonfarm Payrolls (NFP) report before placing fresh directional bets. GBP/USD The GBP/USD pair trades in positive territory for the third consecutive day around 1.3180 on Friday during
EUR/USD EUR/USD is trading on the back foot below 1.1100 in the European morning on Thursday. The pair struggles amid cautious markets even as the US Dollar maintains its bearish streak heading into the key US labor market data. GBP/USD GBP/USD trades with a slight positive bias near 1.3150 in European trading on Thursday, albeit it lacks strong follow-through buying, as traders turn cautious ahead of the top-tier US jobs data. Broad US Dollar weakness helps the pair stay afloat. USD/JPY The Japanese Yen (JPY) holds
