market reports

EUR/USD EUR/USD recovered to 1.0740 on Tuesday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with. GBP/USD GBP/USD halted a recent slide on Tuesday, recovering 1.2700 after bottoming out near 1.2660 last week. Broader market sentiment recovered to kick off the new week as investors shrug off cautionary tones from

EUR/USD EUR/USD is trading close to 1.0700, struggling to build on the previous bounce early Monday. European political uncertainty continues to undermine the Euro and cap the pair’s upside. The cautious mood acts as a tailwind for the USD and favors EUR/USD bearish traders.  GBP/USD GBP/USD is seen consolidating its recent losses to over a one-month low touched on Friday. The Fed’s hawkish outlook continues to underpin the USD and exerts pressure on the major. The divergent Fed-BoE policy expectations could lend some support

EUR/USD EUR/USD trades on a flat note around 1.0735 during the early Friday. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June.  GBP/USD The GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its neck above the previous day’s swing low. Spot prices currently hover around the

EUR/USD EUR/USD remains stable following the trimming of losses registered in the previous session. The pair trades around 1.0810 early Thursday. Eurozone Industrial Production figures for April are scheduled for Thursday, with median market forecasts anticipating a decline to 0.2% MoM. GBP/USD GBP/USD drifts lower on Thursday amid the hawkish Fed-inspired USD buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. A daily close above the 1.2800 mark will set the stage for a further appreciating move. USD/JPY The Japanese

EUR/USD EUR/USD is trading sideways below 1.0750 in Wednesday’s Asian session. Traders refrain from placing fresh bets on the pair ahead of the top-tier US CPI data and the Fed policy announcements, which could have a big impact on the US Dollar’s performance.  GBP/USD GBP/USD keeps its range near 1.2750 early Wednesday, paying little heed to the mixed UK GDP and Industrial Output data. Markets turn cautious ahead of the key US inflation data and the Fed policy announcements, leaving the pair on

EUR/USD EUR/USD is looking to stabilize above 1.0750 in the Asian session on Tuesday. A pause in the US Dollar upsurge supports the pair, as markets reassess the implications of the Euro area political concerns. The pair’s upside could be limited due to the risk-off market mood. ECB-speak is in focus.  GBP/USD GBP/USD extends its gains for the second successive session ahead of employment data release from the United Kingdom, trading around 1.2740 during the early Tuesday. USD/JPY The USD/JPY pair scales higher for

EUR/USD EUR/USD extends losses toward 1.0700 in the early European morning on Monday. Mounting uncertainty around French snap elections weighs on the Euro Meanwhile, the upbeat US NFP data tempered Fed rate cut bets, adding extra legs to the US Dollar upsurge. EU Sentix data eyed.  GBP/USD GBP/USD recovers some lost ground around 1.2725 during the early Monday. The upside of GBP/USD might be limited amid the lower bets of the US Federal Reserve rate cuts this year after the stronger-than-expected US Nonfarm Payrolls data. USD/JPY The Japanese

EUR/USD EUR/USD is trading close to 1.0900, slightly on the front foot early Friday. The pair capitalizes on a risk-on market environment, as markets cheer Thursday’s rate cut decision by the ECB, which ramped up expectations of a Sept Fed rate cut. All eyes remain on the US NFP data.  GBP/USD GBP/USD trades around a flatline below 1.2800 in the European morning on Friday. The pair lacks a clear directional bias, as traders drift on the sidelines ahead of the all-important US Nonfarm Payrolls data.  USD/JPY The

EUR/USD The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar during the early Thursday. The European Central Bank interest rate decision and Press Conference by President Christine Lagarde will take centre stage later on Thursday.  GBP/USD GBP/USD resumes upside near 1.2790 despite the rebound of US Dollar. Traders started to price in two interest rate cuts by the Federal Reserve this year as the US economy grew at a slower pace in the first quarter than projected earlier. USD/JPY The Japanese Yen (JPY) appreciated on

EUR/USD EUR/USD is consolidating below 1.0900 early Wednesday amid a modest US Dollar uptick. Fed rate cut bets keep the US bond yields depressed, capping the pair’s downside. Wednesday’s key US data might provide some impetus ahead of the ECB on Thursday. GBP/USD The GBP/USD pair trades with a mild positive bias around the 1.2775-1.2780 area during the Asian session on Wednesday and remains well within the striking distance of its highest level since March 14 touched the previous day. USD/JPY The Japanese Yen (JPY)