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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

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