market reports

EUR/USD EUR/USD trades on the front foot below 1.0800 in the European morning on Monday. The US Dollar posts small gains amid holiday-thinned trading and repositioning ahead of Wednesday’s Fed Minutes. German Bundesbank’s monthly report is next in focus.  GBP/USD GBP/USD is consolidating gains above 1.2600 in early Europe on Monday. The US Dollar experiences downward pressure, influenced by market sentiment leaning towards the delayed Fed rate cuts. A US holiday-thinned trading is likely to extend.  USD/JPY USD/JPY edges lower to near 150.00 during the Asian

EUR/USD  EUR/USD is trading on a softer note near 1.0750 in European trading on Friday. The renewed US Dollar demand and dovish comments from the ECB policymakers weigh on the pair. The focus now shifts to ECB-speak and US data.  GBP/USD GBP/USD continues to fluctuate at around 1.2600 in the early European session on Friday. The data from the UK showed that Retail Sales rose 3.4% on a monthly basis but failed to provide a boost to Pound Sterling. Focus shifts to US January PPI

EUR/USD EUR/USD is holding lower ground while eyeing the 1.0700 mark in European trading on Thursday. The US Dollar struggles amid mixed Fedspeak, as traders await the US Retail Sales report for fresh policy hints. Ahead of that, ECB Lagarde’s speech is eagerly awaited.  GBP/USD GBP/USD remains on the defensive above 1.2550 in the European morning on Thursday. The pair upside is likely to be limited, backed by the softer UK inflation data. Traders will closely monitor the UK GDP for Q4 and US Retail Sales

EUR/USD EUR/USD hovers around 1.0710 during the early European session on Wednesday, maintaining its position after dropping to three-month lows. The US Dollar garnered support following the release of robust US inflation data for January. GBP/USD GBP/USD lost its traction and declined below 1.2600 in the European session on Wednesday. The data from the UK showed that the Consumer Price Index (CPI) declined by 0.6% on a monthly basis in January and weighed heavily on Pound Sterling. USD/JPY The USD/JPY surged to a three-month high of 150.81 after

EUR/USD EUR/USD is keeping its range trade intact below 1.0800 in the European session on Tuesday. The US Dollar is losing ground, despite a cautious mood and positive US Treasury bond yields, capping the downside in the pair. German ZEW and US CPI report are eagerly awaited.  GBP/USD GBP/USD edges higher toward 1.2650 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 3.8% in December, while the annual wage inflation softened to 6.2%

EUR/USD EUR/USD is holding gains below 1.0800 amid caution trading in early Europe on Monday. Traders resort to readjusting their US Dollar positions ahead of Tuesday’s US CPI data, lending some support to the Euro. Speeches from ECB and Fed officials will be eyed.  GBP/USD GBP/USD consolidates within a narrow trading range below 1.2650 in European trading on Monday. The pair turns cautious alongside risk sentiment, as traders await BoE Governor Bailey’s speech ahead of top-tier UK/US data in the week ahead.  USD/JPY The US Dollar Index (DXY) is

EUR/USD EUR/USD is extending its struggle below 1.0800 in the European session on Friday. The pair lacks any clear directional impetus amid a cautious mood and a steady US Dollar. Focus shifts to the US CPI revisions, ECB- and Fedspeak for fresh trading incentives.  GBP/USD The GBP/USD struggles to capitalize on the previous day’s goodish bounce of around 50 pips from the 1.2570 region and oscillates in a narrow band during the early European trading hours on Friday. Spot prices trade near the top end of the

EUR/USD EUR/USD sustains this week’s recovery move below 1.0800 early Thursday. The upside in the pair is sponsored by a modest US Dollar weakness but traders turn cautious ahead of the ECB Bulletin and a host of central banks’ speeches.  GBP/USD GBP/USD is paring back gains toward 1.2600 in European trading on Thursday. The pair stalls its winning streak, as the US Dollar finds its feet amid a mixed market sentiment. Traders await speeches from the BoE and Fed officials for fresh cues on

EUR/USD EUR/USD hovers around 1.0830 during the early European session on Tuesday after trimming its intraday gains. The pair grapples to recover the losses registered in the previous session. The significant level at 1.0850 may act as immediate resistance for the pair. GBP/USD The GBP/USD pair remains confined in a narrow trading range above the 1.2700 mark during the early European trading hours on Tuesday. Investors prefer to wait on the sidelines ahead of key events from the Fed and the BoE. USD/JPY The USD/JPY pair remains at the

EUR/USD EUR/USD trades on the defensive below 1.0850 in Asian trading on Monday. The pair’s downbeat tone is supported by renewed US Dollar demand amid rising geopolitical tension in the Middle East. Investors stay unnerved ahead of a Big week.  GBP/USD GBP/USD struggles for a firm near-term direction and oscillates in a familiar trading range. Reduced bets for an early BoE rate cut underpin the GBP and lend some support to the pair. Spot prices trade around the 1.2700 mark, nearly unchanged for