market reports

EUR/USD EUR/USD glides on a dicey floor with mild gains around 1.0775 as it waits for the key catalysts on early Wednesday in Europe. In doing so, the Euro pair forms a bullish chart pattern called the “Double Bottom” with eyes on a speech from European Central Bank (ECB) President Christine Lagarde and Minutes of the latest Federal Open Market Committee (FOMC) Monetary Policy Meeting. GBP/USD GBP/USD prints the first daily run-up in three as it clings to mild gains near 1.2420 ahead of

EUR/USD EUR/USD is continuously auctioning in a narrow range above 1.0800 in the Asian session. The major currency pair is struggling to deliver a decisive move as investors are confused over further action after Monday’s US debt-ceiling meet ended without agreement. GBP/USD GBP/USD aptly portrays the pre-data anxiety as it dribbles around 1.2430 during early Tuesday morning in London. The Cable pair marks the traders’ cautious mood ahead of the first readings of the UK’s S&P Global/CIPS PMI for May, as well as the

EUR/USD EUR/USD is consolidating recovery gains above 1.0800 heading toward the European open. The pair has shown resilience around 1.0800, as the US Dollar remains undermined by falling US Treasury bond yields amid protracted US debt-ceiling talks and dovish Fed outlook.  GBP/USD GBP/USD is oscillating above 1.2450 after a recovery move and is looking to extend its rally further as the Federal Reserve (Fed) is considering a pause in the policy-tightening spell amid tight credit conditions by the United States regional banks.  USD/JPY The USD/JPY pair has dropped

EUR/USD EUR/USD fades bounce off six-week low as US Dollar grinds higher at nearly two-month top. Softer EU inflation, downbeat tone of ECB’s de Cos weigh on Euro price. Optimism surrounding US debt limit extension, recent increase in Fed bets supporting June rate hike favor US Dollar. GBP/USD The GBP/USD pair is displaying a back-and-forth action below the 1.2500 mark in the Tokyo session. The Cable is failing to deliver decisive action amid the absence of critical triggers. The USD Index is making efforts

EUR/USD EUR/USD is holding lower ground near 1.0850 heading toward the European opening bells. The pair is treading water amid renewed US Dollar strength even as risk sentiment improves on US debt ceiling progress. All eyes remain on the US debt ceiling updates and ECB-speak.  GBP/USD GBP/USD is dropping toward 1.2450 n the early European session. Cable is feeling the pull of gravity, courtesy of the resurgent US Dollar demand, as investors weigh US debt ceiling talks ahead of the mid-tier US housing data.  USD/JPY USD/JPY eases

EUR/USD The EUR/USD pair attracted some buying near the 1.0845 region, or the lowest level since April 10 touched on Monday and stalled its recent pullback from the vicinity of the 1.1100 mark, or over a one-year high set earlier this month. GBP/USD GBP/USD declines below 1.2500 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate edged higher to 3.9% in March. In the same period, wage inflation including bonus was 5.8%, matching the

EUR/USD EUR/USD is attempting a mild recovery toward 1.0900 early Monday, as the US Dollar bulls take a breather after the recent upsurge. Mixed ECB-speak and a cautious market mood could limit the further upside in the pair. EU Industrial Production and Economic Forecasts eyed.  GBP/USD GBP/USD edges higher on Monday, though any meaningful upside still seems elusive. A combination of factors continues to underpin the USD and should act as a headwind. The BoE’s less hawkish outlook might further contribute to capping

EUR/USD EUR/USD retreats from an intraday high of 1.0925 but stays sluggish during early Friday in Europe as traders lick their wounds on the way to posting the biggest weekly loss in three months.  GBP/USD GBP/USD stays defensive near 1.2520 even as it renews intraday high ahead of the all-important UK Gross Domestic Product (GDP) data during early Friday. Not only the pre-data positioning but the market’s downbeat expectations and fears of a positive surprise also allow the Pound Sterling to pare recent losses. USD/JPY The

EUR/USD EUR/USD takes offers to refresh the intraday low around 1.0970 as it pares the previous day’s rebound from the weekly low heading into Thursday’s European session. The Euro pair fails to justify the hawkish expectations from the European Central Bank (ECB). GBP/USD GBP/USD retreats from intraday high while slipping back to 1.2620 as it inks the market’s cautious mood ahead of the all-important Bank of England (BoE) monetary policy meeting. The Pound Sterling pair remains unchanged on a day heading into the London