market reports

EUR/USD EUR/USD extends gains for the second consecutive day, trading around 1.0870. The pair has shown resilience despite the downbeat PMI data from the Eurozone and Germany reported on Wednesday, prompting a cautious market sentiment as investors look for additional cues regarding the inflation outlook. GBP/USD GBP/USD extends its losses and trades lower around 1.2710. The pair faces downward pressure due to downbeat preliminary PMI data released from the United Kingdom (UK) on Wednesday, which came in below expectations. USD/JPY The USD/JPY pair remains on the defensive during the early Asian trading hours

EUR/USD EUR/USD is recovering ground above 1.0850 early Europe this Wednesday. Cautious optimism and a retreat in the US Dollar alongside the US Treasury bond yields underpin EUR/USD’s renewed upside. All eyes remain on the EU and US PMIs.  GBP/USD GBP/USD is trading on the front foot near 1.2750 in the European morning this Wednesday. The pair is drawing support from the US Dollar pullback across the board. However, the further upside appears elusive amid cautious trading and ahead of UK PMIs.  USD/JPY USD/JPY holds lower

EUR/USD EUR/USD is trading above 1.0900 while within a narrow range heading into the European morning. The pair shrugs off a cautious market mood and firmer US Treasury bond yields amid a broadly subdued US Dollar. The focus shifts to US housing data and Fedspeak.  GBP/USD GBP/USD is advancing toward 1.2800, snapping a four-week downtrend early Tuesday. A broad-based US Dollar softness, a pause in the US Treasury yields rally and a cautiously optimistic market mood helps the pair recover further ground.  USD/JPY USD/JPY consolidates

EUR/USD EUR/USD is posting small gains in Monday’s European morning, having stalled its recovery under 1.0900. The upside seems capped in the wake of renewed safe-haven demand for the US Dollar. Traders now look forward to the Buba monthly report for a fresh impetus. GBP/USD GBP/USD attracts some buyers on the first day of a new week, sticking to its modest gains, below mid-1.2700s. The pair remains confined in familiar trading, as the mixed fundamental backdrop warrants caution ahead of the Fed’s Jackson Hole

EUR/USD EUR/USD struggles to gain momentum and holds near the 1.1000 barrier on Tuesday. The pair remains under pressure as investors stay cautious ahead of Thursday’s US inflation data release, underpinning the safe-haven demand for the US Dollar.  GBP/USD GBP/USD is holding lower ground near 1.2750 in the European morning this Tuesday. The pair justifies downbeat UK consumer spending data while the Greenback cheers a risk-off mood heading toward the Chinese and US inflation data releases later this week.  USD/JPY USD/JPY remains on the front

EUR/USD EUR/USD is trading under pressure below 1.1000 after Germany’s Industrial Production fell more than expected in June. The pair is also undermined by reviving safe-haven demand for the US Dollar. Eurozone Sentix data awaited.  GBP/USD GBP/USD is falling below 1.2750 early Monday, pressured by a modest US Dollar rebound. Bets for more Fed rate hikes and pre-US CPI anxiety revive demand for the Greenback. The BoE’s less hawkish forward guidance also contributes to the mildly offered tone. USD/JPY USD/JPY renews its intraday high near 142.00

EUR/USD EUR/USD clings to mild gains around 1.0960 as traders brace for the NFP Friday. The US Dollar stays on the back foot alongside the US Treasury bond yields following Thursday’s mixed US data and ahead of the key jobs data. Eurozone Retail Sales coming up next.  GBP/USD GBP/USD holds a positive note above 1.2700, snapping a four-day losing streak in early Europe on Friday. Investors digest the dovish BoE outlook amid a modest pullback in the US Dollar, supporting the pair ahead of

EUR/USD EUR/USD is trading on the defensive below 1.0950, holding close to multi-week lows. Bets for more rate hikes by the Fed continue to underpin the US Dollar and exert pressure on the pair. The Greenback also benefits from a cautious mood. EU, US data awaited.  GBP/USD GBP/USD is trading near 1.2700, languishing in three-week lows on ‘Super Thursday’. The pair is undermined by a broad US Dollar strength and the market’s anxiety ahead of multiple US data and the Bank of England (BoE) monetary policy announcements.  USD/JPY USD/JPY prints mild losses around

EUR/USD EUR/USD justifies the surprise US credit rating cut but rising to 1.1010 during the early hours of Wednesday’s Asian session. In doing so, the Euro pair reverses the previous day’s losses, the first in three, ahead of the key United States Automatic Data Processing (ADP) Employment Change, the early signal for Friday’s Nonfarm Payrolls (NFP). GBP/USD GBP/USD remains on the defensive for the third successive day, albeit lacks follow-through. The emergence of some USD dip-buying turns out to be a key factor weighing on

EUR/USD EUR/USD stabilizes around the 1.1000 psychological mark, as the bulls and the bears struggle amid a mixed market mood, awaiting the key US JOLTS job openings data and ISM Manufacturing PMI for fresh directives. EU final PMIs are also awaited.  GBP/USD GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on