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EUR/USD The EUR/USD trades with a negative bias near 1.0728 on Friday during the early Friday. The modest recovery in the US Dollar amid the rising speculation of a Fed rate cut in September weighs on the major pair. GBP/USD GBP/USD remains on the back foot below 1.2550, struggling even after the January month UK GDP was revised higher to 0.3% while the UK industrial sector showed robust growth. Resurgent US Dollar demand and geopolitical tensions keep the pair undermined.  USD/JPY The USD/JPY pair climbed to

EUR/USD EUR/USD is oscillating in a narrow range near 1.0750 in Thursday’s European morning. The pair consolidates hot US CPI data-led losses, as traders refrain from placing fresh bets ahead of the ECB policy announcements, US PPI data and Fedspeak.  GBP/USD GBP/USD is keeping its recovery mode intact near 1.2550 in early Europe on Thursday, having crashed after a hotter-than-expected US CPI data fuelled a US Dollar rally. The pair’s upside appears elusive amid escalating Mid-East geopolitical tensions and ahead of key US data.  USD/JPY The

EUR/USD EUR/USD is extending its side trend into the European morning on Wednesday, as the US Dollar consolidates recent losses ahead of the key US CPI inflation data. A cautious market mood leaves the pair in limbo. Fed Minutes and Fedspeak are also eyed.  GBP/USD GBP/USD trades modestly flat below 1.2700 in European trading hours on Wednesday. The pair lacks a clear directional bias amid a stabilizing US Dollar and a typical caution trading heading into the US inflation data release. FOMC Minutes

EUR/USD EUR/USD is holding steady above 1.0850 in early Europe on Tuesday. The US Dollar struggles to find its feet amid the pullback in the US Treasury bond yields and a cautious market mood, leaving the pair sidelined. Focus shifts to more Fedspeak for fresh trading incentives.  GBP/USD GBP/USD holds ground in the positive territory, hovering around 1.2650 during the early Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. USD/JPY The US Dollar has nudged higher against the Japanese Yen

EUR/USD The EUR/USD pair struggles to capitalize on Friday’s goodish rebound of around 50 pips from sub-1.0800 levels and meets with a fresh supply during the Asian session on Monday. Spot prices currently trade around the 1.0825-1.0820 region and remain at the mercy of the US Dollar (USD) price dynamics, though the downside seems cushioned. GBP/USD GBP/USD broke its previous week’s consolidation to the downside and reached the lowest level in seven weeks near 1.2540 on Tuesday. The pair staged a rebound

EUR/USD EUR/USD is trading near 1.0849 on Friday’s Asian session. Words of caution from Federal Reserve officials on Thursday about the need to keep interest-rate cuts in check until inflation clearly slows snuffed a Wall Street stock rally and sparked a rise in bond prices. Global equity markets had risen after data showing an increase in new claims for U.S. unemployment benefits kept intact the outlook for the Fed to soon cut rates, ahead of a key jobs report due out

EUR/USD EUR/USD is creeping higher to near 1.0850 on Thursday’s European morning. The US Dollar stays defensive after the weaker-than-expected US March ISM Services PMI data and Fed Chair Powell’s comments, underpinning the pair ahead of more Fedspeak and US jobs data.  GBP/USD GBP/USD is trading above 1.2650 early Thursday, finding support from a broadly subdued US Dollar. Mixed US data, dovish Fed commentary and an upbeat market mood continue to act as a headwind to the US Dollar ahead of more statistics and Fedspeak.  USD/JPY The USD/JPY pair

EUR/USD EUR/USD is holding its recovery but remains below 1.0800 early Wednesday. The pair draws support from a broadly weaker US Dollar even as Germany’s inflation cooled down and markets stay unnerved ahead of the Eurozone HICP release, US ADP jobs data and Powell’s speech.  GBP/USD GBP/USD recovers some lost ground and trades around 1.2580 on Wednesday during the early European session. The decline of the USD Index and the dismal market mood in the UK economy act as a tailwind for the major

EUR/USD EUR/USD remains under selling pressure nearly a weekly low below 1.0750 in Tuesday’s Asian trading.  The recent US Dollar upsurge, in the wake of strong US ISM PMI data, weighs on the pair amid investors’ nervousness ahead of the key German inflation data.  GBP/USD GBP/USD remains on the defensive around 1.2545 during the Asian session on Tuesday. The US Dollar Index rises above the 105.00 mark, and the US Treasury bond yields edges higher sharply overnight following the upbeat US ISM data, which creates

EUR/USD EUR/USD continues its downward trend for the fourth consecutive day, driven by a stronger US Dollar influenced by the hawkish market sentiment surrounding the Federal Reserve and expectations of prolonged higher interest rates.  GBP/USD GBP/USD trades on a weaker note around 1.2620 during the early European session on Friday. The decline of Pound Sterling is backed by the growing speculation that the Bank of England will begin the rate-cut cycle this year. USD/JPY The USD/JPY pair holds positive ground for the second consecutive day near 151.45 on