market reports

EUR/USD EUR/USD is steadying above 1.0800, losing its recovery momentum in the European session on Thursday. The US Dollar finds its feet after the dovish Fed decision-led slump. Looking ahead, the US ISM Manufacturing PMI data will be the highlight on Thursday. GBP/USD GBP/USD is easing toward 1.2800, unable to capitalize on the previous rebound led by the dovish Fed policy outlook. The pair stays on the back foot on ‘Super Thursday’, anticipating a BoE interest-rate cut and Governer Bailey’s comments.  USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD stays firm above 1.0800, snapping the two-day losing streak in European trading on Wednesday. The further upside, however, appears elusive, as traders prefer to wait for the Eurozone inflation data and the Fed policy decision before placing fresh bets.  GBP/USD GBP/USD retraces its recent losses, trading around 1.2840 during the Asian hours on Wednesday. The analysis of the daily chart indicates that the pair is positioned in the narrow section of a descending channel, suggesting a consolidation phase or a potential

EUR/USD EUR/USD consolidates in a range above 1.0800 in European trading on Tuesday. The US Dollar clings to recovery gains amid a cautious market mood, acting as a headwind to the pair. Meanwhile, the Euro awaits top-tier German and Eurozone data for fresh trading impetus.  GBP/USD GBP/USD trades with mild losses near 1.2850 in the European session on Tuesday. A softer risk tone benefits the safe-haven US Dollar and exerts pressure on the pair. Traders now look to the key US jobs data

EUR/USD EUR/USD advances for the third consecutive day, trading around 1.0860 during the Asian session on Monday. The analysis of the daily chart shows that the pair is positioned within a descending channel, suggesting a bearish bias. GBP/USD The GBP/USD pair trades on a stronger note around 1.2875 during the early European trading hours on Monday. The softer Greenback amid the hope of an interest rate cut by the US Federal Reserve in September provides some support to the major pair. USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD is gaining recovery momentum above 1.0850 in the early European session on Friday. The pair stays underpinned by the renewed US Dollar weakness, as risk sentiment rebounds ahead of the key US PCE inflation data.  GBP/USD GBP/USD is holding mild gains above 1.2850 in early Europe on Friday, helped by a broadly weaker US Dollar amid a risk reset. The Fed-BoE divergent policy outlooks continue to favor the Pound Sterling. Traders look to the US PCE inflation data for fresh directives.  USD/JPY The

EUR/USD EUR/USD trades modestly flat below 1.0850 in the early European session on Thursday. The pair shrugs off a broadly subdued US Dollar amid a risk-off market environment. Traders look to Germany’s IFO survey and US Q2 GDP data for fresh directives.  GBP/USD GBP/USD holds lower ground below 1.2900 in the European trading hours on Thursday. Traders remain wary and refrain from placing fresh bets amid resurfacing China’s slowdown concerns and ahead of the high-impact US Q2 growth numbers.  USD/JPY The Japanese Yen (JPY) extends its

EUR/USD EUR/USD oscillates near 1.0850 in the early European session on Wednesday, flirting with two-week lows. The pair turns cautious ahead of preliminary Eurozone PMI data while the US Dollar faces fresh selling amid the USD/JPY slide. US PMIs eyed as well.  GBP/USD GBP/USD remains under pressure below 1.2900 early Wednesday. Broad risk-aversion offsets the USD/JPY decline-driven US Dollar weakness, rendering negative for the pair. The focus now shifts to the UK and US S&P Global PMI readings.  USD/JPY The Japanese Yen (JPY) extends

EUR/USD EUR/USD has erased gains to trade on the back foot below 1.0900 early Tuesday. The pair treads water amid a cautious market mood, as traders weigh the US political updates and China slowdown worries. The US Dollar remains subdued, in the absence of top-tier economic data.   GBP/USD GBP/USD is dropping toward 1.2900, lacking firm direction in European trading on Tuesday. The US Dollar looks to stabilize after the early decline, weighing on the pair. Traders await mid-tier US housing data for fresh trading impetus.  USD/JPY The

EUR/USD EUR/USD defends gains below 1.0900 in the European session on Monday. The US Dollar weakens, as risk sentiment improves, supporting the pair. The focus remains on the US political updates and mid-tier US data for fresh trading impetus.  GBP/USD The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high

EUR/USD EUR/USD remains in the red near 1.0900 in European trading on Friday. The sustained US Dollar rebound amid risk-aversion and firmer US Treasury bond yields weighs on the pair. ECB policy decision fails to lift the Euro. Fedpseak remains on tap later in the day.  GBP/USD GBP/USD is testing weekly lows below 1.2950 in the early European session on Friday. The pair stays on the back foot after disappointing UK Retail Sales data amid the extended US Dollar recovery. The focus now shifts