market reports

EUR/USD EUR/USD turns sideways in Thursday’s European session after rallying to a fresh four-month high at around 1.0950 on Wednesday. The major currency pair is expected to remain quiet as investors shift to the sidelines ahead of the European Central Bank policy meeting, which will be announced at 12:15 GMT. GBP/USD GBP/USD treads water at around 1.3000 in the European session, holding its retreat from the 2024-high it set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady

EUR/USD EUR/USD advances for the second consecutive day, trading around 1.0900 during Wednesday’s Asian session. The analysis of the daily chart shows a bullish trend, as the pair remains within an ascending channel. GBP/USD GBP/USD trades below 1.3000 in the European session on Wednesday. The data from the UK showed that annual CPI inflation held steady at 2% in June. This reading came in line with the market expectation and limited Pound Sterling’s upside. USD/JPY The Japanese Yen (JPY) recovers its intraday losses on Wednesday. The 

EUR/USD EUR/USD is on the defensive below 1.0900 in the early European session on Tuesday. The renewed US Dollar demand weighs on the pair, as risk sentiment remains in a tepid spot ahead of Germany’s ZEW survey and the key US Retail Sales data.  GBP/USD GBP/USD is trading close to 1.2950  in European trading on Tuesday,  reversing from the 2024 high of 1.2995 recorded in the previous session. The pair is pressured by a broad US Dollar uptick, as markets turn cautious ahead of the US

EUR/USD EUR/USD consolidates weekly gains above 1.0850 in the early European session on Friday. The pair stays supported amid the US Dollar weakness, in the aftermath of softer-than-expected US CPI data and the USD/JPY sell-off. US PPI inflation data is awaited.  GBP/USD The GBP/USD pair seesaws between tepid gains/minor losses around the 1.2900 mark during the Asian session on Friday and remains well within the striking distance of a one-year peak touched the previous day.  USD/JPY USD/JPY is paring back gains to chop around 159.00 in the European

EUR/USD EUR/USD trades above 1.0800, attracting buyers for the second successive day early Thursday. The pair, however, stays cautious, as traders refrain from placing fresh bets ahead of the critical US consumer inflation figures. GBP/USD GBP/USD holds mild gains near 1.2850 in the European morning on Thursday. The pair stays firm amid sustained US Dollar weakness and an upbeat market mood. Traders await the top-tier UK and US economic data for fresh directives.  USD/JPY The Japanese Yen (JPY) remains stable on Thursday, possibly driven by the rising

EUR/USD The EUR/USD pair trades on a stronger note around 1.0818 on Wednesday during the early European session. The modest uptick of the pair is bolstered by the weaker Greenback The US Consumer Price Index inflation data on Thursday will be the highlights for this week.  GBP/USD GBP/USD remains tepid for the second consecutive day, trading around 1.2780 during early Wednesday. The decline of the pair can be attributed to the strengthening US Dollar, which has gained momentum following Fed Chairman Jerome Powell’s testimony before

EUR/USD EUR/USD is posting small gains above 1.0800 in the early European session on Tuesday. The Euro draws support from easing fiscal concerns after the unexpected French election results while the US Dollar awaits Fed Chair Powell’s testimony for fresh cues on the policy outlook.  GBP/USD GBP/USD is consolidating near 1.2800 early Tuesday, having briefly tested multi-week highs on Monday. UK data remains thin this week, leaving traders focused on Fed Chair Powell’s congressional testimony later on Tuesday and US CPI data

EUR/USD EUR/USD is under pressure below 1.0850 early Monday, dented by the French election results which suggest a hung parliament and renewed fiscal concerns. A broad US Dollar rebound also weighs on the pair. French political updates and EU Sentix data eyed.  GBP/USD GBP/USD keeps its range at around 1.2800 in early European trading on Monday. The US Dollar recovery drags the pair lower while traders remain wary after the UK elections and ahead of Powell’s testimony and US CPI data due later this

EUR/USD EUR/USD continues its winning streak for the seventh successive day, trading around 1.0820 during the Asian hours on Friday. A technical analysis of the daily chart indicates a bullish bias, with the pair oscillating within an ascending channel. GBP/USD The Pound Sterling (GBP) continues its winning streak on Friday. As UK election results are being declared, exit polls predict a landslide victory for Keir Starmer’s Labour Party, expected to win 410 seats in the 650-seat House of Commons, while the Conservatives

EUR/USD EUR/USD continues its winning streak, trading around 1.0790 during the Asian session on Thursday. This upside is attributed to a decline in the US Dollar due to the escalated speculations of the Federal Reserve reducing interest rates in 2024. GBP/USD The Pound Sterling extends its winning streak, which began on June 27. The GBP/USD pair trades around 1.2740 during the Asian session on Thursday, which could be attributed to the softer data released from the United States on Wednesday. USD/JPY The USD/JPY pair finished Wednesday’s session with minuscule