market reports

EUR/USD EUR/USD is holding lower ground below 1.1250, extending the pullback from the highest levels since February 2022 during the mid-Asian session on Monday. The pair is weighed down by a brief US Dollar recovery following last week’s heavy sell-off.  GBP/USD GBP/USD remains sidelined around 1.3090 amid Monday’s early Asian session, after reversing from the highest levels in 15 months. In doing so, the Pound Sterling struggles to cheer news of the UK’s biggest trade deal after Brexit due to the economic fears surrounding Britain.

EUR/USD EUR/USD picks up bids to refresh a 16-month high above 1.1200 early Friday, rising for the seventh consecutive day to brace for the biggest weekly gain since November 2022. Euro sellers need validation from 1.1180 and mid-tier US/EU data for return. GBP/USD GBP/USD enters a bullish consolidation phase and trades just below the 15-month peak. Bets that the Fed will soon end its rate-hiking cycle undermine the USD and lend support. Expectations for further policy tightening by the BoE also contribute to

EUR/USD EUR/USD is recovering ground to trade close to 1.0900 in the early European morning. The pair looks to extend its rebound, as the US Dollar stays on the back foot amid a pullback in the US Treasury bond yields, as investors turn cautious mood ahead of US NFP data and Lagarde’s speech.  GBP/USD GBP/USD takes offers to extend pullback from the highest level in a fortnight. The three week low mark challenges Cable buyers as US employment report looms. BoE hawks

EUR/USD EUR/USD picks up bids to consolidate recent losses around the weekly low as it bounces off 1.0842 to 1.0850 amid very early Thursday morning in Europe. The Euro pair prepares for the top-tier statistics from Eurozone and the United States. GBP/USD GBP/USD lacks any firm intraday direction and oscillates in a narrow range on Friday. Bets for more Fed rate hikes, a softer risk tone underpins the USD and caps the pair. Looming recession risks act as a headwind for the

EUR/USD EUR/USD is holding steady below 1.0900 heading into the early European morning. The US Dollar is picking up safe-haven bids on renewed US-China trade issues, which is keeping investors cautious. The pair looks to EU data and Fed Minutes for fresh impetus.  GBP/USD GBP/USD edges lower on Wednesday and is pressured by a modest USD strength. Bets for a 25 bps Fed rate hike in July and economic woes lend support to the buck. Investors now keenly await the FOMC minutes before

EUR/USD  EUR/USD is trading close to 1.0900, holding lower ground in early Europe. The main currency pair is facing selling pressure as the market mood turns cautious and underpins the safe-haven US Dollar. Thin trading to extend on the US Independence Day. GBP/USD GBP/USD is hovering around the 1.2700 level, struggling for a clear direction in the European morning. Fears of recession and the US-China tussle put a floor under US Dollar, weighing on the major. Traders are likely to stay on the sidelines on the

EUR/USD EUR/USD is holding steady above 1.0900, defending the latter ahead of the European Open. The pair is looking for a fresh directional impetus amid thin trading conditions and ahead of the Eurozone final PMIs and the top-tier US ISM Manufacturing PMI.  GBP/USD GBP/USD remains confined in a narrow trading band through the Asian session on Monday. Bets for more Fed rate hikes help revive the USD demand and cap the upside for the major. The BoE’s aggressive tightening fuel recession fears and also

EUR/USD EUR/USD is holding lower ground near 1.0850, hanging at the weekly low early Friday. Economic woes act as a headwind for the Euro, though subdued USD demand lends support. Traders also seem reluctant ahead of the key inflation figures from the Eurozone and the US. GBP/USD GBP/USD attracts some buyers on Friday and draws support from subdued USD price action. The BoE’s aggressive rate hike fueled recession fears and could act as a headwind for the GBP. The hawkish Fed should limit

EUR/USD EUR/USD is trading on the back foot near 1.0900, as markets stay cautious ahead of Fed Chair Powell’s speech early Thursday. Traders refrain from placing fresh bets on the pair, awaiting the Spanish and German inflation data for fresh cues on the ECB’s rate hike path.  GBP/USD GBP/USD is trading below 1.2650, languishing at two-week lows on Thursday. The Fed’s hawkish outlook continues to underpin the US Dollar, weighing on the pair. The focus shifts to Fed Chair Powell’s speech for fresh trading

EUR/USD The EUR/USD pair is displaying topsy-turvy moves around 1.0950 in the Asian session. The major currency pair is struggling to find direction as investors are awaiting the speech from Federal Reserve (Fed) chair Jerome Powell for further guidance on interest rates. GBP/USD GBP/USD defends the previous day’s notable rebound, as well as the first daily gains in four, as it makes rounds to 1.2750 during early Wednesday morning in Asia. In doing so, the Cable pair portrays the typical pre-event anxiety ahead of the