market reports

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

EUR/USD EUR/USD is holding ground just above 1.0900, as bulls look to a bunch of ECB policymakers and the US data to defend the previous rebound in Tuesday’s Asian session. The pair is on the front foot amid a sluggish US Dollar performance even though markets stay risk-averse.  GBP/USD The GBP/USD pair continues to show some resilience below the 1.2700 round-figure mark and regains some positive traction. Spot prices, however, lack any follow-through buying or bullish conviction and currently trade around the 1.2720-1.2725 region,

EUR/USD EUR/USD is hovering around 1.0900 at the start of the new trading week on Monday. The pair is holding last week’s corrective downside, allowing traders to take a sigh of relief amid a broad US Dollar retreat. Focus shifts to Germany’s IFO survey for fresh trading impetus.  GBP/USD GBP/USD keeps the late Friday’s corrective bounce off the short-term key support line near 1.2730 amid early Monday in London. In doing so, the Pound Sterling cheers the broad US Dollar retreat during sluggish markets with mixed

EUR/USD The EUR/USD pair extends the overnight retracement slide from a six-week peak – levels just above the 1.1000 psychological mark – and drifts lower for the second successive day on Friday. The Fed’s hawkish outlook and the risk-off impulse, continue to underpin the safe-haven buck. GBP/USD GBP/USD has shown a vertical fall to near the 1.2700 mark due to the risk-aversion theme in the early European morning. The pair is looking vulnerable ahead of the UK Retail Sales and Preliminary Manufacturing and Services PMI

EUR/USD The EUR/USD pair has surrendered the majority of intraday gains added in the Asian session. The major currency pair has faced some selling pressure while attempting to recapture the 1.1000 mark. GBP/USD GBP/USD oscillates in a narrow trading band ahead of the key BoE decision on Thursday. Rising bets for a jumbo 50 bps lift-off continue to underpin the GBP and act as a tailwind. The USD languishes near the monthly low and further lends some support to the major. USD/JPY USD/JPY picks up bids

EUR/USD The EUR/USD pair is demonstrating a non-directional performance above the round-level support of 1.0900 in the Asian session. The major currency pair is following the footprints of the sideways US Dollar Index (DXY), which is expected to provide action after Federal Reserve (Fed) chair Jerome Powell’s testimony. GBP/USD GBP/USD is losing the upside traction, holding steady above 1.2750 ahead of the high-impact UK CPI inflation data. The annual UK CPI is seen rising 8.4% in May, against an 8.7% increase reported in April while the Core CPI

EUR/USD The EUR/USD pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band, just above the 1.0900 round-figure mark through the Asian session. The US Dollar (USD) builds on its recent bounce from over a one-month low touched last Friday and edges higher for the third successive day. GBP/USD GBP/USD remains defensive near 1.2780 as it struggles to justify the hawkish concerns about the Bank of England (BoE) ahead of the UK’s inflation data. The recently mixed concerns about