market reports

EUR/USD EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.  GBP/USD GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US

EUR/USD EUR/USD is recovering ground toward 1.0650 in early Europe on Wednesday. The US Dollar has entered a consolidative mode, allowing the Euro to heal its wounds. The EUR/USD rebound appears limited amid Fed-ECB policy divergence. ECB and Fed speeches awaited.  GBP/USD GBP/USD is clinging to recovery gains above 1.2400 in the European morning on Wednesday. The pair benefits from a pause in the US Dollar rally and a return of risk appetite. But traders refrain from placing fresh bets ahead of the key

EUR/USD EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany’s ZEW survey and Powell awaited.  GBP/USD GBP/USD drifts lower for the third straight day on Tuesday and drops to its lowest level since November 17 during the Asian session. Spot prices trade around the 1.2420 region as traders now look to the UK monthly employment

EUR/USD EUR/USD is holding recovery gains above 1.0650 in European trading on Monday. A broadly subdued US Dollar and improving risk appetite bode well for the pair, as markets weigh the weekend’s Middle East escalation. Focus shifts to EU and US data.  GBP/USD GBP/USD gains ground amid a stable US Dollar (USD), trading around 1.2460 during Asian hours on Monday. The US Dollar (USD) maintains its position below its peak since November 2023, potentially restricting the upward momentum of the GBP/USD pair. USD/JPY USD/JPY

EUR/USD The EUR/USD trades with a negative bias near 1.0728 on Friday during the early Friday. The modest recovery in the US Dollar amid the rising speculation of a Fed rate cut in September weighs on the major pair. GBP/USD GBP/USD remains on the back foot below 1.2550, struggling even after the January month UK GDP was revised higher to 0.3% while the UK industrial sector showed robust growth. Resurgent US Dollar demand and geopolitical tensions keep the pair undermined.  USD/JPY The USD/JPY pair climbed to

EUR/USD EUR/USD is oscillating in a narrow range near 1.0750 in Thursday’s European morning. The pair consolidates hot US CPI data-led losses, as traders refrain from placing fresh bets ahead of the ECB policy announcements, US PPI data and Fedspeak.  GBP/USD GBP/USD is keeping its recovery mode intact near 1.2550 in early Europe on Thursday, having crashed after a hotter-than-expected US CPI data fuelled a US Dollar rally. The pair’s upside appears elusive amid escalating Mid-East geopolitical tensions and ahead of key US data.  USD/JPY The

EUR/USD EUR/USD is extending its side trend into the European morning on Wednesday, as the US Dollar consolidates recent losses ahead of the key US CPI inflation data. A cautious market mood leaves the pair in limbo. Fed Minutes and Fedspeak are also eyed.  GBP/USD GBP/USD trades modestly flat below 1.2700 in European trading hours on Wednesday. The pair lacks a clear directional bias amid a stabilizing US Dollar and a typical caution trading heading into the US inflation data release. FOMC Minutes

EUR/USD EUR/USD is holding steady above 1.0850 in early Europe on Tuesday. The US Dollar struggles to find its feet amid the pullback in the US Treasury bond yields and a cautious market mood, leaving the pair sidelined. Focus shifts to more Fedspeak for fresh trading incentives.  GBP/USD GBP/USD holds ground in the positive territory, hovering around 1.2650 during the early Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. USD/JPY The US Dollar has nudged higher against the Japanese Yen

EUR/USD The EUR/USD pair struggles to capitalize on Friday’s goodish rebound of around 50 pips from sub-1.0800 levels and meets with a fresh supply during the Asian session on Monday. Spot prices currently trade around the 1.0825-1.0820 region and remain at the mercy of the US Dollar (USD) price dynamics, though the downside seems cushioned. GBP/USD GBP/USD broke its previous week’s consolidation to the downside and reached the lowest level in seven weeks near 1.2540 on Tuesday. The pair staged a rebound

EUR/USD EUR/USD is trading near 1.0849 on Friday’s Asian session. Words of caution from Federal Reserve officials on Thursday about the need to keep interest-rate cuts in check until inflation clearly slows snuffed a Wall Street stock rally and sparked a rise in bond prices. Global equity markets had risen after data showing an increase in new claims for U.S. unemployment benefits kept intact the outlook for the Fed to soon cut rates, ahead of a key jobs report due out