finance

EUR/USD The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday. The softer US Dollar provides some support to the major pair. Nonetheless, the risk-off sentiment might cap the upside of EUR/USD amid the escalating geopolitical risks.  GBP/USD GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut

EUR/USD EUR/USD is trading under pressure near 1.0900 in European trading on Wednesday, retracing from seven-month highs. The continued recovery in risk sentiment and a broad US Dollar rebound, in the face of the USD/JPY rally, drag the pair lower.  GBP/USD GBP/USD retraces its recent losses, trading around 1.2710 during the Asian session on Wednesday. This upside could be attributed to the tepid US Dollar (USD) following the rising expectations of a more aggressive rate cut starting in September after the weaker US

EUR/USD EUR/USD scrambled for higher ground on Monday, launching bids into 1.1000 before settling back into a familiar range near 1.0950 and failing to set a fresh high for 2024. Broad-market expectations for rate cuts from the Federal Reserve (Fed) have run well ahead of the curve, with investors hoping for an initial double-cut from the Fed in September. GBP/USD The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US

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