EUR/USD EUR/USD drove up 0.4% on Tuesday, breaching back above 1.1100 for the first time since last December, chalking in a fresh high for 2024. The pair has closed firmly in the green for three straight trading days, and is on pace to climb a full percent since Monday’s opening bids. GBP/USD GBP/USD chalked in another third of a percent gain on Tuesday, squeezing out a fresh 13-month high and closing in the green for a third straight day as the Pound Sterling
EUR/USD EUR/USD trades around 1.1080 during the Asian session on Tuesday after pulling back from an eight-month high of 1.1087. This downside is attributed to the improved US Dollar amid risk aversion sentiment. However, the Greenback may struggle due to rising odds of a 25 basis point rate cut by the US Federal Reserve in September. GBP/USD The GBP/USD pair weakens near 1.2980, snapping the three-day winning streak during the early European session on Tuesday. The modest recovery of the Greenback drags the major
EUR/USD
EUR/USD is sitting at year-to-date (YTH) highs near 1.1050 in the European session on Monday. The softer US Dollar, amid heightening Fed rate cut expectations, upbeat risk tone and USD/JPY sell-off, underpins the pair. The focus stays on Fedspeak, in the face of a data-sparse calendar.
GBP/USD
The British Pound (GBP) continues to draw support from last week’s relatively stronger UK macro data, which pointed to a still resilient economy and might have dashed hopes for another interest rate cut by the
EUR/USD EUR/USD halts its three-day losing streak, trading around 1.0920 during the Asian session on Friday. The upside of the EUR/USD pair could be attributed to the downbeat US Dollar, which could be attributed to heightened expectations of a dovish policy outlook by the US Federal Reserve. GBP/USD The GBP/USD pair is seen building on the previous day’s goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive day on Thursday. USD/JPY The Japanese Yen
EUR/USD The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday. The softer US Dollar provides some support to the major pair. Nonetheless, the risk-off sentiment might cap the upside of EUR/USD amid the escalating geopolitical risks. GBP/USD GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut
EUR/USD EUR/USD is trading under pressure near 1.0900 in European trading on Wednesday, retracing from seven-month highs. The continued recovery in risk sentiment and a broad US Dollar rebound, in the face of the USD/JPY rally, drag the pair lower. GBP/USD GBP/USD retraces its recent losses, trading around 1.2710 during the Asian session on Wednesday. This upside could be attributed to the tepid US Dollar (USD) following the rising expectations of a more aggressive rate cut starting in September after the weaker US
EUR/USD EUR/USD scrambled for higher ground on Monday, launching bids into 1.1000 before settling back into a familiar range near 1.0950 and failing to set a fresh high for 2024. Broad-market expectations for rate cuts from the Federal Reserve (Fed) have run well ahead of the curve, with investors hoping for an initial double-cut from the Fed in September. GBP/USD The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US
EUR/USD EUR/USD is steadying above 1.0800, losing its recovery momentum in the European session on Thursday. The US Dollar finds its feet after the dovish Fed decision-led slump. Looking ahead, the US ISM Manufacturing PMI data will be the highlight on Thursday. GBP/USD GBP/USD is easing toward 1.2800, unable to capitalize on the previous rebound led by the dovish Fed policy outlook. The pair stays on the back foot on ‘Super Thursday’, anticipating a BoE interest-rate cut and Governer Bailey’s comments. USD/JPY The Japanese Yen (JPY)
EUR/USD EUR/USD stays firm above 1.0800, snapping the two-day losing streak in European trading on Wednesday. The further upside, however, appears elusive, as traders prefer to wait for the Eurozone inflation data and the Fed policy decision before placing fresh bets. GBP/USD GBP/USD retraces its recent losses, trading around 1.2840 during the Asian hours on Wednesday. The analysis of the daily chart indicates that the pair is positioned in the narrow section of a descending channel, suggesting a consolidation phase or a potential
EUR/USD EUR/USD consolidates in a range above 1.0800 in European trading on Tuesday. The US Dollar clings to recovery gains amid a cautious market mood, acting as a headwind to the pair. Meanwhile, the Euro awaits top-tier German and Eurozone data for fresh trading impetus. GBP/USD GBP/USD trades with mild losses near 1.2850 in the European session on Tuesday. A softer risk tone benefits the safe-haven US Dollar and exerts pressure on the pair. Traders now look to the key US jobs data
