market reports

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

EUR/USD EUR/USD is stalling the previous day’s retracement slide from the 1.0930 region, or its highest level since early February, and oscillates in a narrow trading band ahead of the European open this Friday. All eyes remain on the Eurozone and US PMI data.  GBP/USD GBP/USD is trading steady below 1.2300 in the early European morning, awaiting the top-tier UK and US economic data for fresh trading impetus. Narrowing Fed-BoE policy divergence will likely keep the pair underpinned.  USD/JPY USD/JPY portrays a corrective bounce off

EUR/USD EUR/USD is trading above 1.0900, extending gains early Thursday. The pair stays firmer amid a broadily depressed US Dollar. Investors are assessing the latest dovish outlook from the Fed ahead of the SNB and BoE policy outcomes, which could trigger fresh volatility surge across the FX board.  GBP/USD GBP/USD is advancing toward 1.2350 ahead of the BoE’s policy announcements. Strong UK CPI data, PM Sunak’s Brexit success and dovish Fed hike add strength to the Cable’s bullish momentum. USD/JPY USD/JPY picks up bids to pare intraday

EUR/USD EUR/USD is trading above 1.0900, extending gains early Thursday. The pair stays firmer amid a broadily depressed US Dollar. Investors are assessing the latest dovish outlook from the Fed ahead of the SNB and BoE policy outcomes, which could trigger fresh volatility surge across the FX board.  GBP/USD GBP/USD is advancing toward 1.2350 ahead of the BoE’s policy announcements. Strong UK CPI data, PM Sunak’s Brexit success and dovish Fed hike add strength to the Cable’s bullish momentum. USD/JPY USD/JPY picks up bids to pare intraday

EUR/USD EUR/USD is juggling in a narrow range just above the 1.0700 level in early Europe. The pair is sidelined amid a relatively calmer risk tone and a pause in the US Dollar decline. Markets digest the latest global banking sector developments ahead of Germany’s ZEW survey.  GBP/USD GBP/USD is on a corrective move lower while testing 1.2250 in the early European morning. A broad rebound in the US Dollar is weighing on the pair, despite a better market mood. Investors stay cautious amid the

EUR/USD EUR/USD has extended its recovery toward 1.0650, as the US Dollar Index is losing further steam on Friday. Dovish Fed expectations and US First Republic Bank’s relief plan revive risk appetite and weigh on the safe-haven US Dollar. Eurozone/ US data next on tap.  GBP/USD GBP/USD clings to mild gains around 1.2150 heading into Friday’s London open. The Cable pair remains firmer for the second consecutive day amid downbeat US Dollar, as well as due to the price-positive catalysts. USD/JPY USD/JPY price is heading

EUR/USD EUR/USD is trading close to 1.0600, holding its recovery gains early Europe this Thursday. The pair is looking to find its feet amid a minor positive shift in the risk sentiment after Credit Suisse’s liquidity improvement plan. Eyes on ECB rate hike decision for fresh trading direction. GBP/USD GBP/USD is in a consolidative phase in early Asian trading hours on Thursday amid reports suggesting that the Bank of England (BoE) is in emergency talks as the Credit Suisse crisis worsens following the Swiss National Bank’s

EUR/USD is retreating toward 1.0700 in early Europe. The US Dollar is finding its feet amid increased odds of a 25 bps March Fed rate hike. Meanwhile, fears calm over the SVB fallout but EUR/USD fails to capitalize ahead of Eurozone and US data.  GBP/USD GBP/USD is trading modestly flat at around 1.2150 in the early European morning. Risk tone remains calmer amid the ebbing US banking crisis while the

EUR/USD EUR/USD is holding mild gains at around 1.0550 in early Europe. The US Dollar is losing ground, despite a cautious risk tone and firmer US Treasury bond yields. Investors assess the Fed and ECB rate hike expectations. The focus shifts to the US jobs data.  GBP/USD The GBP/USD pair is juggling near 1.1850 mark in the Asian session. The Cable is gathering strength to scale above the aforementioned resistance. However, the odds are favoring for resumption of the downside. USD/JPY USD/JPY is slightly pressured and

EUR/USD EUR/USD consolidates near two-month lows below 1.0550, extending the previous downside in early Europe. The pair remains weighed down by Fed Chair Powell’s hawkish rhetoric-led broad-based US Dollar strength. German data eyed ahead of US jobs report.  GBP/USD GBP/USD is holding steady below 1.1850, licking its wounds near 2023 lows in the early European morning. Hawkish Fed Chair Powell’s comments-led risk aversion is limiting the upside in the pair amidst broadly stronger US Dollar and Treasury yields. US data awaited.  USD/JPY The USD/JPY pair has scaled