market reports

EUR/USD EUR/USD is creeping higher to near 1.0850 on Thursday’s European morning. The US Dollar stays defensive after the weaker-than-expected US March ISM Services PMI data and Fed Chair Powell’s comments, underpinning the pair ahead of more Fedspeak and US jobs data.  GBP/USD GBP/USD is trading above 1.2650 early Thursday, finding support from a broadly subdued US Dollar. Mixed US data, dovish Fed commentary and an upbeat market mood continue to act as a headwind to the US Dollar ahead of more statistics and Fedspeak.  USD/JPY The USD/JPY pair

EUR/USD EUR/USD is holding its recovery but remains below 1.0800 early Wednesday. The pair draws support from a broadly weaker US Dollar even as Germany’s inflation cooled down and markets stay unnerved ahead of the Eurozone HICP release, US ADP jobs data and Powell’s speech.  GBP/USD GBP/USD recovers some lost ground and trades around 1.2580 on Wednesday during the early European session. The decline of the USD Index and the dismal market mood in the UK economy act as a tailwind for the major

EUR/USD EUR/USD remains under selling pressure nearly a weekly low below 1.0750 in Tuesday’s Asian trading.  The recent US Dollar upsurge, in the wake of strong US ISM PMI data, weighs on the pair amid investors’ nervousness ahead of the key German inflation data.  GBP/USD GBP/USD remains on the defensive around 1.2545 during the Asian session on Tuesday. The US Dollar Index rises above the 105.00 mark, and the US Treasury bond yields edges higher sharply overnight following the upbeat US ISM data, which creates

EUR/USD EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar influenced by the hawkish market sentiment surrounding the Federal Reserve and expectations of prolonged higher interest rates.  GBP/USD GBP/USD trades on a weaker note around 1.2620 during the early European session on Friday. The decline of Pound Sterling is backed by the growing speculation that the Bank of England will begin the rate-cut cycle this year. USD/JPY The USD/JPY pair holds positive ground for the second consecutive day near 151.45 on

EUR/USD EUR/USD struggles to gain traction and continues to move in a tight channel slightly above 1.0800. The data from Germany showed that Retail Sales declined by 1.9% on a monthly basis in February, making it difficult for the Euro to attract buyers. GBP/USD GBP/USD remains defensive below 1.2650 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday

EUR/USD The EUR/USD pair extends the previous day’s rejection slide from near the 1.0865 region and remains under some selling pressure for the second straight day on Wednesday. Spot prices, however, manage to hold above the 1.0800 mark during the Asian session. GBP/USD GBP/USD extends its losses for the second consecutive day, depreciating to near 1.2620 during the Asian session on Wednesday. The pair could test the 1.2600 level. If this level is breached, it could prompt the pair to revisit March’s low at

EUR/USD EUR/USD is trading near 1.0850, recovering ground in the early European session on Tuesday. A fresh leg down in the US Dollar exerts downside pressure on the pair amid an improvement in risk sentiment. Mid-tier US economic data and ECB-speak eyed.  GBP/USD GBP/USD is gaining ground above 1.2650 in early Europe on Tuesday. The pair capitalizes on renewed US Dollar selling, as risk sentiment recovers, reducing the haven demand for the Greenback. The focus shifts toward the mid-tier US economic data.  USD/JPY USD/JPY navigates in the upper end

EUR/USD EUR/USD extends its downside to three-day low around 1.0840 in the late Asian session on Friday. The major currency pair is expected to witness as appeal for safe-haven assets improve after the Swiss National Bank surprisingly cut interest rates by 25 bps to 1.50% on Thursday. GBP/USD The GBP/USD pair faces rejection near the 1.2700 mark and holds above the mid-1.2700s during the early Friday. The downtick of the major pair is backed by the stronger US Dollar and the dovish tilt of

EUR/USD EUR/USD is well bid above 1.0900 in the European morning on Thursday. The pair is consolidating the upside, fuelled by sustained US Dollar weakness in the aftermath of a dovish Fed policy decision. The focus shifts to the Eurozone and the US PMI data for fresh directives.  GBP/USD GBP/USD is trading close to 1.2800, holding positive momentum in early Europe on Thursday. A broadly weaker US Dollar, following the Fed policy decision, provides some support to the pair ahead of the key UK

EUR/USD EUR/USD attracts some buyers and moves away from a two-week low set on Tuesday. The technical setup warrants some caution for bullish trades ahead of the Fed decision. A sustained break below the 1.0835 confluence should pave the way for deeper losses. GBP/USD GBP/USD trims intraday losses and attempts to snap its losing streak on Wednesday. The pair hovers near 1.2720 during the Asian trading hours. The market adopts cautious sentiment ahead of the Federal Reserve’s interest rate decision later in the