market reports

EUR/USD EUR/USD is holding steady, defending the 1.1000 mark in early Europe this Monday. The pair justifies the latest comments from the Fed and ECB policymakers and renewed US Dollar demand ahead of the critical Eurozone inflation and growth data.  GBP/USD GBP/USD aptly portrays the market’s indecision near 1.2850 early Europe, bracing for a key week comprising the BoE policy decision and the US NFP data. The pair stays mildly bid amid a mixed market mood and a broad US Dollar rebound.  USD/JPY The Dollar soared 1.6% against

EUR/USD EUR/USD is on the back foot near 1.0950 in the early European morning. The US Dollar is consolidating weekly gains ahead of the key PCE inflation data. Dovish ECB rate hike will likely keep Euro bears in control. German inflation data eyed as well.  GBP/USD The GBP/USD pair remains depressed for the second successive day on Friday and touches a nearly three-week low, around the 1.2765 region during the Asian session. The US Dollar (USD) builds on the previous day’s strong rally

EUR/USD EUR/USD is trading close to the 1.1100 round figure heading toward Thursday’s European session. The pair remains firmer for the second consecutive day but lacks upside momentum amid a cautious mood ahead of the ECB monetary policy decision. GBP/USD GBP/USD scales higher for the third straight day and climbs to over a one-week high. The ongoing USD retracement slide from a two-week top act as a tailwind for the pair. Diminishing odds for more aggressive rate hikes by BoE warrant some caution for bulls. USD/JPY The

EUR/USD EUR/USD is trading above 1.1050., rebounding in the early European morning on Wednesday. The US Dollar is struggling to find its feet, as traders stay on the sidelines ahead of the all-important Fed policy announcements.  GBP/USD GBP/USD is holding the renewed uptick at around 1.2900 in early Europe this Wednesday. The US Dollar is on the defensive, despite a cautious market mood, undermined by fresh selling in the US Treasury bond yields. Fed rate decision stays in the spotlight.  USD/JPY The USD/JPY pair drops below the 141.00

EUR/USD EUR/USD is rebounding toward 1.1100 early Europe on Tuesday. The pair recovers from the downbeat Eurozone and German PMIs-led weakness while a pause in the US Dollar rally also aids the EUR/USD upswing. Focus is on Germany’s IFO survey and US sentiment data.  GBP/USD GBP/USD is holding gains near 1.2850, struggling to gain the upside traction early Tuesday. The pair cheers a modest US Dollar pullback, courtesy of China’s stimulus optimism. Further upside appears elusive after dismal UK PMIs and ahead of the

EUR/USD EUR/USD is holding steady above 1.1100 after bouncing off the lowest level in a week early Monday. The pair lacks a clear directional bias amid a cautious market mood and a broadly subdued US Dollar. The focus remains on the Eurozone and US PMI reports.  GBP/USD GBP/USD recovers early lost ground to head toward the 1.2900 area in early Europe on Monday. Traders stay on tenterhooks ahead of the key Fed rate decision this week. However, the UK and US S&P Global preliminary PMIs

EUR/USD EUR/USD is keeping its range near 1.1150, licking wounds during the first negative week in four. Market players struggle for clear directions ahead of next week’s monetary policy meetings of the European Central Bank and the Federal Reserve. GBP/USD GBP/USD is trading near 1.2900, extending its rebound from weekly lows after the UK Retail Sales beat estimates with 0.7% MoM in June. A broad-based US Dollar weakness amid a cautious market mood is supporting the upside in the pair.  USD/JPY The USD/JPY pair attracts

EUR/USD EUR/USD is paring back gains to test 1.1200 again in the early European morning. The pair has turned south again due to a modest uptick in the US Dollar in tandem with the US Treasury bond yields. Investors stay cautious ahead of mid-tier EU and US data.  GBP/USD GBP/USD is approaching 1.2900, having met fresh supply in early Europe. The pair is resuming a four-day downtrend while fading the Asian bounce. A pause in the US Dollar decline is dragging the GBP/USD pair lower.

EUR/USD EUR/USD remains pressured toward 1.1200, as the US Dollar pauses its run of losses. Upbeat US Core Retail Sales growth joins mixed ECB signals and worsening mood to prod EUR/USD bulls so far this Wednesday.  GBP/USD GBP/USD came under strong bearish pressure and dropped to a fresh weekly low below 1.3000 in the European session on Wednesday. The data from the UK showed that the annual CPI fell sharply to 7.9% in June from 8.7% in May, weighing heavily on Pound Sterling. USD/JPY USD/JPY buyers

EUR/USD EUR/USD remains on the front foot near 1.1250 in early Europe this Tuesday. The pair is holding higher ground amid a broadly subdued US Dollar. Hawkish ECB commentary also keeps the pair afloat ahead of the key US Retail Sales data.  GBP/USD GBP/USD is holding gains below 1.3100, lacking follow-through bias in the European morning. The divergent Fed-BoE policy outlooks support prospects for an appreciative move in the major. Any meaningful corrective slide might be seen as a buying opportunity ahead of key US data.  USD/JPY USD/JPY