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
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
