market reports

EUR/USD EUR/USD is trading above 1.0700, as bulls keep the reins for the second day on Thursday. The currency pair shrugs off looming economic concerns and upbeat US Treasury bond yields amid a broadly weaker US Dollar. EU data awaited.  GBP/USD GBP/USD is holding the upside above 1.2450 in the European morning. The pair capitalizes on renewed US Dollar weakness, despite a cautious market mood and higher US Treasury bond yields. The UK docket remains data-dry, as the focus shifts to the US data.  USD/JPY The USD/JPY

EUR/USD EUR/USD bulls attack the 1.0700 threshold while refreshing the intraday high early Wednesday. In doing so, the Euro pair reverses the previous day’s losses within a one-week-old symmetrical triangle. GBP/USD GBP/USD licks its wounds near 1.2425 during early Wednesday morning in Asia, after declining in the last three consecutive days. In doing so, the Cable pair rebounds from a two-week-old ascending support line to consolidate the weekly loss, after snapping a three-week downtrend in the last. USD/JPY USD/JPY prints mild losses around 139.35 despite

EUR/USD EUR/USD is posting small gains above 1.0700, finding support from a broad US Dollar weakness and hawkish ECB expectations ahead of the mid-tier EU data this Tuesday. Cautious market mood and disappointing German Factory Orders limit the upside in the major.  GBP/USD GBP/USD started the week off by dropping below 1.24, approaching a two-month low of 1.2306 reached on May 25th, as investors perceive a narrowing interest rate gap between the US and the UK. However, the Pound recovered those losses on the back of

EUR/USD EUR/USD is trading modestly flat just below 1.0700, extending its sideways movement in Asia this Thursday. The US debt deal wins the House passage. Traders refrain from placing fresh bets on the pair ahead of the EU inflation data and the US jobs data.  GBP/USD GBP/USD grinds near weekly high as bulls and bears jostle ahead of the key data/events scheduled for publishing on Thursday. The Cable pair makes rounds to 1.2450 during early Thursday morning in Europe amid the latest retreat

EUR/USD EUR/USD is testing 1.0700, retreating from near the 1.0740 region in Wednesday’s Asian trading. Dismal China’s NBS Manufacturing PMI and pre-US debt deal vote anxiety reinstate the US Dollar’s safe-haven appeal. US/ German data, Fedspeak and House vote in focus.  GBP/USD GBP/USD clings to mild losses as it extends the early Asian session pullback from a one-week high while snapping a three-day uptrend near 1.2390 heading into Wednesday’s London open. That said, the Cable pair’s latest gains could be linked to the

EUR/USD EUR/USD remains depressed at 10-week low surrounding the 1.0700 threshold heading into Tuesday’s European session. The Euro pair stays on the back foot for six days in a row amid hawkish Federal Reserve (Fed), as well as doubts about the European Central Bank’s (ECB) capacity to lift the rates further. GBP/USD The GBP/USD pair has rebounded after defending its downside near the crucial mark around 1.2340 in the early European session. The Cable has shown recovery as the US Dollar index (DXY) has faced pressure while

EUR/USD EUR/USD is consolidating the rebound below 1.0750 in early Europe, as markets cheer that the proposal of raising the $31.4 trillion US borrowing limit has been approved for two years. However, concerns over its passage in Congress and holiday-thinned light trading could cap the upside.  GBP/USD The GBP/USD pair has attempted a recovery move after trading sideways below 1.2350 in the Asian session. The strength in Cable has come due to a sheer decline in the US Dollar Index (DXY) after the approval of a raise

EUR/USD The EUR/USD pair has climbed above the critical mark of 1.0740 in the early European session after a firmer recovery from near the 1.0700 mark. The major currency pair is anticipated to extend further as the US Dollar Index (DXY) has extended its correction further to near 104.08. GBP/USD GBP/USD is holding its recovery gains toward 1.2350 after the UK Retail Sales data came in mixed for April. Cable is advancing as the US Dollar is losing ground amid a correction alongside the US Treasury yields. Focus now shifts

EUR/USD EUR/USD is under pressure near monthly lows, falling toward 1.0700 in early Europe. The pair remains weighed down by the US debt-ceiling uncertainty-led cautious market mood, which underpins the safe-haven US Dollar. Focus stays on ECB-speak ahead of US data.  GBP/USD The GBP/USD pair has shown some recovery after printing a fresh six-week low at 1.2332 in the early European session. The Cable is expected to resume its downside journey after a less-confident pullback as investors have underpinned the risk-aversion theme due to