EUR/USD EUR/USD is picking up fresh bids toward 1.0800 in European trading on Thursday. The US Dollar is tracking the USD/JPY decline, despite a dour mood and rebounding US Treasury bond yields. Focus is on EU GDP revision and US jobs data. GBP/USD The GBP/USD pair extends its downside above the mid-1.2500s during the early Asian trading hours on Thursday. The downtick of the pair is backed by the firmer US Dollar (USD) broadly. In the absence of economic data released from the
EUR/USD EUR/USD is trading sideways near 1.0800 in the European morning on Wednesday. The pair is benefiting from the retreating US Dollar, although a cautious risk tone limits the optimism ahead of a busy EU and US economic docket. US ADP is the key event risk. GBP/USD The GBP/USD pair snaps the two-day losing streak and holds above the 1.2600 support level during the Asian trading hours on Wednesday. The modest decline of the US Dollar creates a tailwind for the pair.
EUR/USD EUR/USD is ranging in a narrow band near 1.0850 in early Europe on Tuesday. The renewed downtick in the US Dollar alongside the US Treasury bond yields is supporting the pair while broad risk-aversion is capping its upside. US jobs and ISM PMI eyed. GBP/USD The GBP/USD pair edges higher during the Asian session on Tuesday and looks to build on the overnight bounce from the 1.2600 mark, representing the lower boundary of a one-week-old trading range. Spot priceshover around the 1.2630-1.2635 region
EUR/USD EUR/USD is dropping toward 1.0850 in the European morning on Monday. The pair is undermined by a fresh safe-haven demand for the US Dollar amid renewed geopolitical risks. A modest uptick in the US Treasury bond yields also favors the US Dollar. EU’s Sentix and Lagarde speech awaited. GBP/USD GBP/USD is falling toward 1.2650 in early Europe on Monday. The US Dollar is finding support from the escalating Middle East conflict, weighing on the pair. However, the downside seems limited on increased Fed
EUR/USD The EUR/USD pair hovers around the 1.0900 psychological mark after retracing from the multi-month high of 1.1017 during the early Asian trading hours on Friday. Falling inflation and a stagnant economy in the Eurozone fuel hopes that interest rates could soon be cut. GBP/USD GBP/USD recovers its recent losses registered in the previous session, trading higher around 1.2650 during the Asian session on Friday. The pair strengthened on weaker US Dollar amid downbeat US Treasury yields. USD/JPY The US Dollar (USD) is trying to claw back chart paper
EUR/USD EUR/USD is struggling below 1.1000, as the US Dollar clings to recovery gains in Asian trading hours on Thursday. Wednesday’s softer-than-expected German and Spain inflation data weighed on the Euro. Investors await the Eurozone inflation data on Thursday for fresh impetus. GBP/USD The GBP/USD pair attracts some buyers below the 1.2700 psychological mark during the early Asian session on Thursday. That being said, the softer US Dollar offers some support to the major pair. GBP/USD is trading near 1.2695, up 0.02% on the day. USD/JPY The
EUR/USD The EUR/USD pair gains traction for the fifth consecutive day during the early European session on Wednesday. The decline of the US Dollar (USD) lends some support to the major pair. GBP/USD GBP/USD gains positive traction for the fifth successive day and climbs to a fresh three-month top. Bets that the Fed is done raising rates and may start easing the policy in 2024 undermine the USD. Diminishing odds for an early BoE rate cut remain supportive of the strong follow-through
EUR/USD EUR/USD is battling 1.0950, retreating from near three-month high of 1.0965 early Tuesday. The pair faces some selling pressure, as the US Dollar finds its feet amid a mixed market sentiment and ahead of a slew of Fedpseak. Speeches from ECB officials also remain in focus. GBP/USD GBP/USD is holding steady above 1.2600, having retested the two-month high of 1.2644 set on Monday. The pair maintains its upward trajectory, as the USD licks its wounds amid sluggish US Treasury bond yields. All eyes
EUR/USD EUR/USD continues the winning streak, hovering below the psychological level at the 1.0950 level during the Asian session on Monday. The Euro receives upward support, which could be attributed to the weaker USD. GBP/USD GBP/USD trades around 1.2500 during the Asian session on Monday, attempting to extend gains for the third consecutive session. The GBP/USD pair received upward support from the hawkish tone of Bank of England’s (BoE) officials. USD/JPY The USD/JPY pair maintains the multi-session range-bound theme unchanged around the mid-149.00s during the early Asian session on
EUR/USD The EUR/USD pair trades in positive territory above 1.0900 during the early Asian trading hours on Friday. The uptick of the Euro (EUR) is bolstered by the stronger-than-expected Eurozone PMI data. On Friday, market players will shift their attention to the new reading of German Gross Domestic Product for the third quarter (Q3) and US PMI data. At press time, EUR/USD is up 0.03% on the day to trade at 1.0909. GBP/USD GBP/USD hovers around 1.2530 during the Asian session on Friday after
