EUR/USD EUR/USD is trading with mild gains above 1.1050 in the European morning on Wednesday. The pair is on the front foot, in the face of soft US PMI data-led US Dollar weakness. Risk-aversion, however, could cap the pair’s upside ahead of US JOLTS Job Openings data. GBP/USD GBP/USD is holding steady above 1.3100 in European trading on Wednesday. The pair struggles to capitalize on the US Dollar’s weakness amid a risk-averse market atmosphere. All eyes turn to the US jobs data after the
EUR/USD EUR/USD is trading on the back foot near 1.1050 in the European morning on Tuesday. The pair stays on a slippery slope, courtesy of the sustained US Dollar recovery, risk-off mood and uncertainty around the ECB’s rate outlook. US ISM Manufacturing PMI awaited. GBP/USD GBP/USD is pressured toward 1.3100 in early European trading on Tuesday. A broadly firmer US Dollar and a risk-averse market environment bode ill for the pair, as traders shift their focus to the US ISM manufacturing PMI
EUR/USD EUR/USD breaks its three-day losing streak, trading around 1.1050 during the early Monday. The upside of the EUR/USD pair could be attributed to the tepid US Dollar following the dovish sentiment surrounding the US Federal Reserve. GBP/USD The GBP/USD pair gains ground around 1.3135, snapping the three-day losing streak during the early Monday. In the absence of top-tier economic data releases from the UK this week, the USD price dynamic will be the main driver for the GBP/USD. USD/JPY The Japanese Yen (JPY) remains stable against the US Dollar (USD)
EUR/USD The EUR/USD pair recovers some lost ground around 1.1080, snapping the two-day losing streak on early Friday. However, the upside might be limited as traders might prefer to wait on the sidelines ahead of the German July Retail Sales and US July Personal Consumption Expenditure Price Index. GBP/USD GBP/USD loses ground for the third successive session, trading around 1.3160 during the Asian hours on Friday. This downside could be attributed to the improved US Dollar following stronger-than-expected economic data released on Thursday. USD/JPY The Japanese
EUR/USD EUR/USD is back in the green zone early Thursday, reversing a part of Wednesday’s steep sell-off. The further upside, however, appears elusive if risk aversion gathers steam and revives the safe-haven demand for the US Dollar (USD). GBP/USD GBP/USD fell back below 1.3200 on Wednesday after near-term bullish momentum eased. Markets have piled into a one-sided risk appetite stance as investors hunker down for the long wait to an anticipated kickoff of a rate-cutting cycle from the Federal Reserve (Fed) in September. USD/JPY USD/JPY has
EUR/USD EUR/USD is losing ground below 1.1150 in early Europe on Wednesday. The pair extends the correction from yearly highs, in the face of resurgent US Dollar demand, as risk sentiment sours ahead of Fedspeak and Nvidia earnings report. GBP/USD GBP/USD is retreating toward 1.3200 in the early European morning on Wednesday, undermined by a fresh upswing staged by the US Dollar. Markets turn anxious ahead of speeches from the BoE and the Fed policymakers later in the day. USD/JPY The Japanese Yen (JPY) stays
EUR/USD EUR/USD is holding steady above 1.1150 in the European morning on Tuesday. The US Dollar struggles to extend recovery, supporting the pair amid a cautiously optimistic market mood. The focus shifts to mid-tier US economic data. GBP/USD GBP/USD is treading water at around 1.3200 in the European session on Tuesday. Easing concerns over a broader Middle East conflict check the rebound in the safe-haven US Dollar, helping the pair to stay afloat ahead of US sentiment and housing data. USD/JPY The Japanese Yen (JPY) continues
EUR/USD EUR/USD pulls back to trade below 1.1200 in European trading on Monday. The pair feels the pull of gravity, thanks to a modest US Dollar rebound and a tepid risk tone. The focus shifts to Germany’s IFO and US Durable Goods data for fresh impetus. GBP/USD GBP/USD is off multi-month highs to tread water near 1.3200 early Monday. The US Dollar attempts a minor recovery amid souring risk sentiment, acting as a headwind for the pair. Middle East geopolitical risks and US Durable
EUR/USD The EUR/USD pair regains positive traction on the last day of the week and for now, seems to have stalled its pullback from the vicinity of over a one-year high touched on Wednesday. Spot prices trade around the 1.1125 region and draw support from the emergence of fresh selling around the US Dollar. GBP/USD The GBP/USD pair trades in positive territory for the seventh consecutive day near 1.3105 during the early European session on Friday. The confidence of investors that the US Federal Reserve will start
EUR/USD EUR/USD keeps its range near 1.1150 in European trading, snapping a four-day winning streak. The pair stays defensive ahead of the top-tier Euro area and the US preliminary PMI data. Broad US Dollar rebound amid souring sentiment weighs on the pair. GBP/USD GBP/USD has entered a consolidative mode in early Europe on Thursday, following a rejection at 1.3100 and amid a broad US Dollar recovery. Traders now look to the flash PMIs from the UK and the US for fresh trading impetus. USD/JPY The Japanese Yen
