market reports

EUR/USD EUR/USD retraces its recent losses from the previous session, trading around 1.0880 during Asian hours on Monday. The pair’s upside can be attributed to a softer US Dollar (USD) after the release of weaker-than-expected US October Nonfarm Payrolls (NFP) data. However, uncertainty surrounding the US presidential election could drive safe-haven flows, potentially limiting the upside of the EUR/USD pair. GBP/USD The GBP/USD pair jumps to near 1.2970 on the softer Greenback during the Asian trading hours on Monday. The US Dollar (USD) remains

EUR/USD EUR/USD stays in a consolidation phase and trades below 1.0900 in the European session on Friday. Investors move to the sidelines while waiting for the US October employment report, which will highlight Nonfarm Payrolls and Unemployment Rate figures. GBP/USD GBP/USD holds steady at around 1.2900 early Friday after closing deep in the red on Thursday. Despite the persistent USD weakness, the risk-averse market atmosphere didn’t allow the pair to gain traction. Investors await US NFP data. USD/JPY The Japanese Yen (JPY) retraces some

EUR/USD The EUR/USD pair meets with some supply during the Asian session on Thursday and erodes a part of the previous day’s gains to the 1.0870 area, or a one-and-half-week top. The downtick is sponsored by the emergence of some US Dollar (USD) dip-buying and drags spot prices below mid-1.0800s in the last hour. GBP/USD The GBP/USD pair extends the decline to around 1.2955 during the early Asian session on Thursday. The Pound Sterling (GBP) edges lower after the UK budget announcement. The attention

EUR/USD EUR/USD is keeping its range play intact above 1.0800 in the European session on Wednesday. The Euro remains vulnerable ahead of key growth and inflation data from Germany and the Eurozone, which could ramp up ECB interest-rate cut expectations.  GBP/USD GBP/USD is on a cautious footing at around 1.3000 in European trading on Wednesday. Traders refrain from placing fresh bets on the pair ahead of the UK’s Autumn Budget and the US ADP jobs data and the Q3 advance GDP report

EUR/USD EUR/USD retraces its recent gains from the previous session, trading around 1.0810 during the early Tuesday. A review of the daily chart shows that the pair tests the upper boundary to return to the descending channel pattern which could reinforce a bearish bias for the pair. GBP/USD GBP/USD meets with a fresh supply on Tuesday and seems vulnerable to sliding further. Bets for smaller Fed rate cuts revive the USD demand and exert pressure on the pair. The technical setup favors

EUR/USD EUR/USD made a half-hearted recovery on Thursday, rebounding four-tenths of one percent and clawing back north of the 1.0800 handle. Despite a late-week bounce, Fiber remains steeply off of recent highs after declining over 4% top-to-bottom from late September’s peak bids near 1.1200. GBP/USD GBP/USD recovered some much-needed ground on Thursday, climbing 0.4% as Cable bidders grapple with keeping price action north of the 1.2900 handle. UK Purchasing Managers Index (PMI) figures broadly missed the mark early Thursday, but both the Services

EUR/USD EUR/USD shed another fifth of a percent on Wednesday as the Fiber crumples ahead of Thursday’s fresh round of Purchasing Managers Index (PMI) figures. ECB officials talked down economic concerns, reiterating the need for caution when weighing future rate cuts. FX markets promptly responded by pummeling the Euro further into the dirt, hitting a 16-week low. GBP/USD GBP/USD shed another half of a percent on Wednesday, tipping into a fresh ten-week low and grinding down toward the 1.2900 handle. Purchasing Managers Index (PMI)

EUR/USD EUR/USD found further room on the low side on Tuesday, easing back another 0.16% and testing into a key technical barrier that could see fresh 16-week lows if the price floor opens up beneath the Euro. European Central Bank (ECB) President Christine Lagarde made a handful of appearances on Tuesday, but talking points that ranged from pedestrian to unremarkable did little to support the Fiber. ECB head Lagarde noted that the ECB “is not unhappy with what it has seen”, adding

EUR/USD EUR/USD fumbled on Monday, kicking off a new trading week with a downside push as price action waffled back into familiar 12-week lows just above the 1.0800 handle. Markets remain apprehensive on the future pace of rate cuts, specifically from the Federal Reserve (Fed), and Purchasing Managers Index (PMI) activity figures due later in the week will give investors a glimpse at the shape of the global economy in the coming weeks. GBP/USD GBP/USD twisted into the low side on Monday, kicking

EUR/USD EUR/USD remains steady after gains in the previous session, hovering around 1.0860 during Monday’s Asian trading hours. A potential downside looms as speculation about a 50-basis-point rate cut by the Federal Reserve (Fed) in November has been dispelled by recent data showing the US economy’s resilience. GBP/USD The GBP/USD pair struggles to capitalize on modest recovery gains registered over the past two days and oscillates in a narrow range, around the 1.3050-1.3045 region during the Asian session on Monday. Spot prices remain