finance

EUR/USD EUR/USD retraces its recent gains registered in the previous session, trading around 1.1170 during the Asian session on Friday. The US Dollar receives support as traders adopt caution ahead of the US Personal Consumption Expenditures Price Index data for August. GBP/USD The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day. Spot prices slide below the 1.3400 mark in the last hour amid

EUR/USD The EUR/USD pair trades firmer near 1.1140 during the Asian trading hours on Thursday, bolstered by the weaker Greenback broadly. Several US Federal Reserve officials are set to speak on Thursday, including Fed Chair Jerome Powell.  GBP/USD The GBP/USD pair regains some positive traction during the Asian session on Thursday and reverses part of the overnight sharp retracement slide from the 1.3430 region, or its highest level since March 2022. Spot prices trade around the 1.3335-1.3340 area. USD/JPY The Japanese Yen (JPY) remains subdued against the

EUR/USD EUR/USD cut away bearish sentiment and rallied back into recent highs on Tuesday, taking another unsuccessful run at 1.1200. The Euro itself has little reason to be bid up by traders, but a broad-market weakening in the Greenback is helping to keep Fiber bidding action on the high side. GBP/USD GBP/USD extended the ongoing Pound Sterling rally for another consecutive day, crossing the 1.3400 handle and chalking in fresh 30-month highs after the US Dollar broadly weakened on Tuesday. The Greenback’s market-wide withering

EUR/USD EUR/USD trimmed recent bullish momentum, declining by one-half of one percent on Monday. Fiber declined in one of its worst trading days in the second half of the year after pan-EU Purchasing Managers Index (PMI) figures broadly missed expectations, while the US PMI data print faired only slightly better. GBP/USD GBP/USD extends its winning streak for the fifth consecutive session, trading around 1.3350 during the Asian hours on Tuesday. The pair maintains its position near its 31-month high level of 1.3359,

EUR/USD EUR/USD stays on the front foot above 1.1150 in the early European session on Monday. The US Dollar struggles amid improving risk appetite and a dovish Fed outlook. Traders keenly await the preliminary PMI data from the Eurozone and the US for fresh directives.  GBP/USD GBP/USD is defending 1.3300 in the European morning on Monday, giving up early gains. The pair shrugs off a pause in the US Dollar recovery and an upbeat mood ahead of the flash readings of the UK and

EUR/USD The EUR/USD pair trades in positive for the third consecutive day near 1.1165 during the Asian trading hours on Friday. The bearish US Dollar (USD) after the US Federal Reserve (Fed) began its easing cycle with an unexpected 50 basis point (bps) rate cut at its September meeting underpins the major pair.  GBP/USD GBP/USD trades with a positive bias for the third straight day on Friday and hovers above the 1.3300 mark in the European morning on Friday. The data from

EUR/USD EUR/USD is holding higher ground above 1.1100 in the early European session on Thursday. The pair is underpinned by the renewed US Dollar retreat, as traders digest the Fed’s dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed.  GBP/USD GBP/USD sustains the recovery above 1.3200 in early Europe on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy

EUR/USD EUR/USD is defending minor gains above 1.1100 in the European morning on Wednesday. A broadly subdued US Dollar, amid increased bets of an outsized Fed rate cut and a cautiously optimistic market mood, underpins the pair. All eyes remain on the Fed policy verdict.  GBP/USD GBP/USD gains traction and rises toward 1.3200 in the European morning on Wednesday. The data from the UK showed that the annual core CPI rose 3.6% in August, up from a 3.3% increase in July, and supported the

EUR/USD The EUR/USD pair trades on a softer note near 1.1125 amid the modest recovery in US Dollar during the early Tuesday. Traders brace for the release of US Retail Sales data, which is due later in the day. On Wednesday, the US Federal Reserve interest rate decision will take center stage.  GBP/USD GBP/USD traders move to the sidelines ahead of the FOMC/BoE policy meetings this week. Rising Bets for a 50 bps Fed rate cut keep the USD bulls on the defensive and lend support.

EUR/USD EUR/USD starts the week on a positive note, edging higher to trade around 1.1090 during the Asian session on Monday. Investors are now focused on the highly-anticipated policy decision from the US Federal Reserve (Fed) later this week. Markets remain divided on whether the Fed will cut rates by 25 basis points (bps) or 50 bps. GBP/USD The GBP/USD pair attracts some dip-buying on the first day of a new week amid relatively thin trading conditions on the back of a holiday