market reports

EUR/USD EUR/USD treads water around 1.0930 key upside hurdle during the Good Friday holiday morning in Europe. The Euro pair remains well-set to post a three-week winning streak. All eyes on NFP. GBP/USD GBP/USD drops to 1.2430 as it extends the two-day downtrend to a sluggish Asian session on Good Friday. The Cable pair pares the weekly losses, the fourth consecutive one, while easing from the top line of a one-month-old ascending trend channel. USD/JPY USD/JPY is moving around the 133.38 mark. Good Friday’s sluggish session keeps

EUR/USD EUR/USD is trading on the back foot below 1.0900 early Thursday, having dropped on Wednesday following a short series of daily bullish closes. Risk-aversion is underpinning the US Dollar recovery, despite a run of weak US data. Focus shifts to Friday’s NFP.  GBP/USD GBP/USD drifts lower for the second successive day on Thursday amid a modest USD strength. Looming recession fears weigh on investors’ sentiment and benefit the safe-haven Greenback. Bets for an imminent Fed rate-hike pause could cap the USD

EUR/USD EUR/USD remains mildly bid around 1.0960-65 as it portrays a three-day uptrend during early Wednesday in Europe. The Euro pair justifies the latest growth optimism from Germany and Eurozone. GBP/USD GBP/USD bulls jostle with the bears at the 10-month high surrounding 1.2500 as they await the key US/UK data during early Wednesday. Not only cautious mood ahead of the important statistics but corrective bounces in the US Dollar and yields also allow the Cable pair buyers to take a breather of late. USD/JPY USD/JPY

EUR/USD EUR/USD makes rounds to 1.0890-85 as the bulls take a breather amid a light calendar, as well as mildly offbeat sentiment, during early Tuesday. The Euro pair’s latest retreat could also be linked to the rebound in the US Treasury bond yields. GBP/USD The GBP/USD pair has attempted a recovery after a marginal correction to near 1.2400 in the Tokyo session. The Cable resisted further correction as hawkish Federal Reserve (Fed) bets inspired by upbeat oil prices have receded significantly.  USD/JPY USD/JPY slides to 132.20

EUR/USD EUR/USD takes offers to renew intraday low around 1.0790 as it extends the previous U-turn from a short-term key hurdle during early Monday. GBP/USD The GBP/USD pair is making efforts in defending the 1.2300 mark in the Asian session. The Cable witnessed a sheer decline in the early Tokyo session as investors discounted the impact of higher oil prices after an announcement of further oil production cuts by OPEC+. USD/JPY USD/JPY is higher by some 0.2% which has rallied from a low of 132.98 to

EUR/USD EUR/USD is extending the pullback below 1.0900 after Germany’s Retail Sales disappointed by a wide margin early Friday. The pair retreats from weekly highs amid a broad US Dollar rebound, as investors turn cautious ahead of the Eurozone and US inflation data.  GBP/USD GBP/USD is holding steady below 1.2400, having eased from two-month highs at 1.2423 in the early European morning. The pair is weighed down by the mixed UK economic data and a minor pullback in the US Dollar. Focus

EUR/USD EUR/USD bears are in the driver’s seat after a four-day off as the major currency pair drops to 1.0830 while extending the previous day’s U-turn from the weekly high amid early Thursday.  GBP/USD The GBP/USD pair is standing near the 1.2300 mark in the early European session. The Cable is aiming to extend recovery further amid a loss in the upside momentum in the US Dollar Index (DXY).  USD/JPY USD/JPY prints mild losses around 132.60 heading into Thursday’s European session. In doing so, the Yen pair struggles

EUR/USD EUR/USD is easing below 1.0850 in the early European morning. Traders turn cautious, despite easing banking fears, as the focus shifts toward the euro area inflation data. The pair’s pullback could be also attributed to a broad US Dollar rebound.  GBP/USD GBP/USD is heading back toward 1.2300, fading the Asian bounce in early Europe. Broad-based US Dollar rebound, despite a better market mood and sluggish US Treasury bond yields, is weighing on the pair. US housing data awaited.  USD/JPY The USD/JPY pair is hovering near its

EUR/USD The EUR/USD pair has turned sideways after a firmer rally near 1.0820 in the Asian session. The major currency pair is struggling in extending its upside, however, more gains seem likely amid improved market sentiment.  GBP/USD GBP/USD has scaled above the critical resistance of 1.2300 amid a cheerful market mood. The USD Index is likely to attract more offers in hopes that the Fed will keep interest rates steady. The Cable resumed its upside after a bullish hidden divergence. USD/JPY USD/JPY pays little heed to Bank

EUR/USD The EUR/USD pair is displaying a back-and-forth action below 1.0800 in the Tokyo session. The major currency pair has turned sideways following the footprints of the subdued US Dollar Index (DXY), which is struggling to extend upside despite upbeat preliminary S&P Global PMI and expansion of financial support for mid-size United States banks. GBP/USD The GBP/USD pair has surrendered its morning gains and has slipped to near 1.2230 in the Asian session. The Cable witnessed the heat after failing to climb above the 1.2250 mark