market reports

EUR/USD The EUR/USD pair is facing barricades in extending its recovery above the 1.0980 mark in the early European session. The shared currency pair has sensed pressure as the US Dollar Index (DXY) has shown some recovery.  GBP/USD GBP/USD treads water around 1.2630-20 heading into Wednesday’s London open as candlesticks and chart formations print mixed signals as US inflation data looms. In doing so, the Cable pair seesaws around the highest levels since May 2022, marked during early weekdays. USD/JPY The USD/JPY pair is making efforts for a consolidation breakout placed

EUR/USD  EUR/USD is on the back foot, gyrating around the 1.1000 mark in early Europe. The mixed market mood is helping the US Dollar sustain its recovery gains, undermining the currency pair. Speeches from ECB and Fed policymakers eyed.  GBP/USD GBP/USD is holding steady in the early European morning, having found some support just above 1.2600. The pair is struggling to stage a comeback, as the US Dollar holds the renewed upside amid a cautious market sentiment. Fedspeak is next in focus.  USD/JPY USD/JPY takes

EUR/USD EUR/USD picks up bids to refresh intraday high, extends Friday’s rebound towards multi-month high marked late April. US Dollar bears the burden of mixed jobs report, mixed feelings about US debt ceiling and bank crisis. Hawkish ECB rate hike contrasts with Fed’s dovish rate lift to propel Euro price. GBP/USD GBP/USD gains traction for the fourth straight day and climbs to a fresh one-year high on Monday. Dovish Fed expectations keep the USD depressed and remain supportive of the ongoing move

EUR/USD The EUR/USD pair has recovered firmly to near 1.1040 in the Asian session as the US Dollar index (DXY) has resumed its downside journey. The major currency pair is trying to revive Thursday’s sell-off inspired by a smaller interest rate hike from the European Central Bank (ECB). GBP/USD GBP/USD rises for the third consecutive day to prod the late May 2022 high, piercing the 1.2600 threshold during early Friday. In doing so, the Cable pair cheers broad US Dollar weakness, as well as recently

EUR/USD EUR/USD has shifted its auction comfortably above the 1.0800 mark in the early European session. The major currency pair is expected to extend its upside journey towards 1.1100. GBP/USD GBP/USD bulls take a breather around 1.2580, after rising to the highest levels since June 2021 early Thursday. That said, the Cable pair initially cheered the US Federal Reserve’s (Fed) dovish hike. The Cable is aiming higher as the Federal Reserve (Fed) is following the language of other central banks. Fed chair Jerome

EUR/USD EUR/USD picks up bids to refresh intraday high, extends previous day’s recovery. Mixed Eurozone inflation, doubts over Fed and ECB’s role in banking fallouts challenge Euro pair buyers. US default fears, anxiety ahead of FOMC also act as additional checks for buyers. GBP/USD GBP/USD takes the bids to renew intraday high near 1.2490 as it cheers the broad US Dollar weakness ahead of the key FOMC monetary policy meeting announcements. In doing so, the Cable pair buyers also cheer the latest doubts

EUR/USD EUR/USD cheers US Dollar’s retreat to snap three-day downtrend near 1.0990 during early Tuesday morning in Europe. In doing so, the Euro pair also benefits from the market’s anxiety ahead of the key Eurozone inflation data amid return of the bloc’s traders after a long weekend. GBP/USD The GBP/USD pair is showing back-and-forth action in a narrow range below 1.2500 in the early Asian session. The Cable is demonstrating a volatility contraction, however, a power-pack action is expected ahead of the interest rate

EUR/USD EUR/USD clings to mild losses near 1.1020 during early Friday in Europe as it tries to keep bears on the table after welcoming them the previous day. With this, the Euro pair aptly portrays the market’s anxiety ahead of the top-tier growth numbers from the bloc. GBP/USD The GBP/USD pair is consolidating near the 1.2500 mark in the Asian session. The Cable is gathering strength for a sustained breakout above 1.2500 after a few failed attempts.  USD/JPY USD/JPY rallies 100 pips to 134.45 on

EUR/USD EUR/USD stays on the front foot around the mid-1.1000s as buyers resume a run-up targeting the highest levels since March 2022, following the previous day’s retreat from 1.1095, amid early Thursday morning in Europe. The Euro pair cheers broad US Dollar weakness. GBP/USD GBP/USD struggles to defend the previous day’s gains, the heaviest in three weeks, as the US Dollar buyers turn cautious ahead of the key US Q1 GDP. That said, the Pound Sterling remains mildly offered around 1.2465 amid early Thursday. USD/JPY USD/JPY

EUR/USD EUR/USD is rebounding toward 1.1000, as bears take a breather after posting the biggest daily loss in 1.5 months. The pair is benefiting from the latest retreat in the US Dollar amid a recovery in risk sentiment and ahead of US Durable Goods data.  GBP/USD GBP/USD is recovering ground toward 1.2450 after defending the 1.2400 level. Markets are witnessing an improvement in risk sentiment in the early European morning, weighing on the safe-haven US Dollar. The focus shifts to the US