market reports

EUR/USD The EUR/USD pair snaps its two-day losing streak and surges above 1.0900 during the Asian session on Thursday. Traders will closely monitor the Eurozone preliminary PMI data and the minutes of the ECB on Thursday.  GBP/USD GBP/USD strives to bounce back after its three-day winning streak paused in the previous session, trading marginally higher around 1.2500 during the Asian session on Thursday. The pair faced challenges in the previous session, influenced by the strengthened US Dollar (USD) following economic data releases from the United States (US). Investors

EUR/USD EUR/USD is holding steady at around 1.0900 in the European morning on Wednesday. The pair is struggling to gain traction, despite hawkish comments from ECB President Lagarde on Tuesday. A souring market mood is lifting the safe-haven demand for the US Dollar while the Fed Minutes failed to impress. US data awaited.  GBP/USD GBP/USD is trading under pressure below 1.2550 in Wednesday’s early European session. The pair’s weakness is backed by renewed US Dollar demand, as markets remain jittery ahead of a fresh batch of

EUR/USD EUR/USD is trading above 1.0950, in the positive territory for the fourth consecutive day early Tuesday. The US dollar tracks the US Treasury bond yields lower, lending support to the pair. Focus shifts to the Fed Minutes amid increased dovish Fed expectations and a cautious market mood.  GBP/USD GBP/USD is holding its advance above 1.2500 in the European session on Tuesday. The pair is supported by the hawkish remarks from BoE Governor Bailey on Monday. Further, a sustained US Dollar weakness alongside the

EUR/USD EUR/USD continues the winning streak, trading around a three-month high at 1.0920. The pair seems to approach immediate resistance around the major level at 1.0950 as the US Dollar faces pressure on the likelihood of the Fed to conclude its interest rate-hike cycle. GBP/USD The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar and lower US Treasury bond yields.  USD/JPY The USD/JPY pair meets with a fresh

EUR/USD The EUR/USD pair stalls the overnight modest pullback from the 1.0900 neighbourhood, or its highest level since August 31 and oscillates in a narrow trading band during the Asian session on Friday. Spot prices currently trade around the mid-1.0800s, nearly unchanged for the day, as traders seek more clarity about the Federal Reserve’s (Fed) policy outlook before placing fresh directional bets. GBP/USD GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United

EUR/USD EUR/USD is trading on the back foot below 1.0850 in early European trading on Thursday. Markets remain risk-averse, assessing the Fed interest rate expectations, helping the safe-haven US Dollar stay afloat. However, the downside appears limited amid falling US Treasury bond yields. ECB- and Fed-speak is in focus.  GBP/USD GBP/USD is trading back below 1.2400, extending losses in the European session on Thursday. The pair is feeling the pull of gravity amid a steady recovery in the US Dollar and a risk-off market mood.

EUR/USD The EUR/USD surges above 1.0850 but faces rejection below the 1.0900 mark during the early European trading hours on Wednesday. The weaker-than-expected US inflation data exerts some selling pressure on the US Dollar (USD) and supports the EUR/USD pair.  GBP/USD GBP/USD came under modest bearish pressure and declined below 1.2500 in the European morning on Wednesday. The data from the UK showed that the annual CPI inflation softened to 4.6% in October from 6.7% in September, causing Pound Sterling to lose interest.  USD/JPY The

EUR/USD EUR/USD is battling 1.0700, lacking a clear directional impetus in the early European trading on Tuesday. Traders turn cautious ahead of key data from the Eurozone and the US. Meanwhile, resurgent US Dollar demand is likely to cap the upside attempts in the pair.  GBP/USD GBP/USD edged higher toward 1.2300 in the early European morning on Tuesday. The data from the UK revealed that the ILO Unemployment Rate held steady at 4.2% in three months to September, while wage inflation including bonus declined to 7.9% from 8.2%. USD/JPY The

EUR/USD The EUR/USD oscillates within a narrow trading range below the 1.0700 mark during the Asian session on Monday. Traders prefer to wait on the sidelines ahead of the Eurozone Gross Domestic Product for the third quarter (Q3). The softer report could weigh on the Euro and act as a headwind for the pair. GBP/USD GBP/USD extends its gains for the second consecutive day, trading higher around 1.2230 during the Asian session on Monday. The GBP/USD pair might have received upward support from the better-than-expected preliminary Gross Domestic

EUR/USD EUR/USD spent the Asian session in a tight band below 1.0700 but started to edge lower in the early European session. The US Dollar holds its ground following Fed Chairman Powell’s hawkish comments and doesn’t allow the pair to gain traction. GBP/USD GBP/USD continues to fluctuate in a narrow channel slightly above 1.2200. The data from the UK showed that the GDP expanded at an annual rate of 0.6% in Q3. Although this reading came in above the market expectation of