market reports

EUR/USD EUR/USD holds its position near 1.0850 during the early European session on Friday, following a backslide in the previous session. Additionally, the better-than-expected US GDP data helped the US Dollar to mark profits on Thursday, acting as a headwind for the pair. GBP/USD The GBP/USD pair struggles to gain any meaningful traction on Friday and oscillates in a narrow trading band, just above the 1.2700 mark. Spot prices, meanwhile, remain well within the striking distance of a nearly two-week high touched on Wednesday. USD/JPY USD/JPY trims some of its intraday

EUR/USD EUR/USD gathered bullish momentum and advanced to the 1.0930 area on Wednesday. With the US Dollar (USD) staging a rebound later in the day, the pair erased a large portion of its daily gains and returned below 1.0900. Investors await the European Central Bank’s (ECB) policy announcements and high-tier data releases from the US. GBP/USD GBP/USD experiences a downward trend, following the pullback from a recent two-week high at 1.2774 on Wednesday. During the European session on Thursday, the pair trades

EUR/USD The EUR/USD trades on a stronger note during the early European session on Wednesday. The major pair has flirted with the weekly lows of 1.0821 and rebounded to 1.0862. However, the potential upside seems limited as investors turn cautious ahead of the ECB interest rate decision on Thursday.  GBP/USD GBP/USD recovers its recent gains, trading higher near 1.2690 during the early European hours on Wednesday. The psychological level at 1.2700 appears as the immediate resistance followed by the weekly high of 1.2747 aligned with the

EUR/USD EUR/USD edges higher to near 1.0890 during the early European session on Tuesday. The pair consolidates due to the uncertainty over the uncertainty over the timing of a potential interest rate cut by the European Central Bank (ECB).  GBP/USD GBP/USD moves on an upward trajectory for the second successive session on Tuesday, inching higher to near 1.2740. The expectations of a status quo in the BoE’s monetary policy contribute to the positive performance of the Pound Sterling, which underpins the pair. USD/JPY The USD/JPY pair trades

EUR/USD EUR/USD extends its gains on the second successive day, trading around 1.0910 during the early European hours on Monday. The pair receives upward support on an improved risk appetite sentiment ahead of the ECB’s January monetary policy meeting scheduled to be released on Thursday. GBP/USD GBP/USD kicks off the new week on a positive note, trading near 1.2722 during the early Monday. The rebound of the major pair is bolstered by the risk-on environment. However, the rising tension in the Red Sea might

EUR/USD EUR/USD is holding steady below 1.0900 in European trading on Friday. A modest uptick in the US Dollar alongside the US Treasury bond yields, amid a cautious mood, is weighing on the pair. ECB Lagarde’s speech and US data awaited.  GBP/USD GBP/USD is dropping toward 1.2650, under intense selling pressure after the UK Retail Sales dropped more than expected in December. The pair is also feeling the heat from a pause in the US Dollar decline, as sentiment remains tepid ahead of top-tier US data,

EUR/USD EUR/USD is flirting with the 1.0900 mark, finding demand in Asian trading on Thursday. The pair gains amid renewed weakness in the US Dollar. The ECB hawks have pushed back against expectations of an early rate cut, lending further support to the currency pair. Lagarde and US data are on tap.  GBP/USD The GBP/USD pair gains ground below the 1.2700 barrier during the early European session on Thursday. The major pair trades in positive territory for the second consecutive day as traders slashed their

EUR/USD EUR/USD is nursing losses below 1.0900 early Wednesday, following a sharp sell-off to five-week lows of 1.0862 on Tuesday. The US Dollar is taking a breather, as investors weigh the Fed’s rates outlook amid persistent geopolitical risks. US Retail Sales data eyed.  GBP/USD GBP/USD is trading under pressure near 1.2600 ahead of the key UK CPI inflation data on Wednesday. The data is critical to repricing the timings of the BoE interest rate cuts this year, which will significantly impact the

EUR/USD EUR/USD is nearing 1.0900, declining for the fourth consecutive day early Tuesday. Resurgent US Dollar demand is undermining the pair, as Middle East geopolitical tensions scale up. The Euro shrugs off the hawkish ECB chorus. German ZEW survey awaited.  GBP/USD GBP/USD is keeping losses below 1.2700 after the mixed UK employment data on Tuesday. The Pound Sterling is losing ground against the US Dollar on risk aversion, which could be attributed to the escalating Middle East geopolitical risks. USD/JPY The USD/JPY pair holds positive

EUR/USD EUR/USD is consolidating the latest uptick but stays below 1.1000 early Friday. The pair benefits from a renewed US Dollar weakness, induced by the dovish Fed expectations. Escalating geopolitical tensions cap the pair’s upside. US data next in focus.  GBP/USD GBP/USD trades in a tight channel above 1.2750 on Friday. The data from the UK showed that monthly real GDP expanded by 0.3% in November, while Industrial Production contracted by 0.1% on a yearly basis. Market focus shifts to US PPI data. USD/JPY The USD/JPY climbed early