finance

EUR/USD EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany’s IFO survey is next in focus.  GBP/USD GBP/USD is keeping its range at around 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives.  USD/JPY The

EUR/USD EUR/USD remains on the back foot near 1.0650 in European trading on Tuesday. Resurgent US Dollar demand amid a cautious risk tone weighs on the pair. Investors stay wary ahead of the preliminary Eurozone and US business PMI data.  GBP/USD GBP/USD is dropping below 1.2350 in the European session, as the US Dollar sees fresh buying interest on tepid risk sentiment. The further downside in the pair could remain capped, as traders await the UK PMI reports for fresh trading impetus.  USD/JPY The Japanese

EUR/USD EUR/USD is clinging to recovery gains above 1.0650 in the Asian session on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week.  GBP/USD GBP/USD attracts some dip-buyers on Monday amid a softer USD, though lacks follow-through. Easing geopolitical tensions boosts investors’ confidence and undermines the safe-haven buck. Reduced Fed rate cut bets should help limit the USD losses and

EUR/USD The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday. The hawkish comments from Federal Reserve officials provide some support to the US Dollar. GBP/USD GBP/USD stays vulnerable near 1.2400 early Friday, sitting at five-month troughs. The UK Retail Sales data came in mixed and added to the weakness in the pair. Risk-aversion on the Middle East escalation keeps the pair on the back foot.  USD/JPY The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading

EUR/USD EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.  GBP/USD GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US

EUR/USD EUR/USD is recovering ground toward 1.0650 in early Europe on Wednesday. The US Dollar has entered a consolidative mode, allowing the Euro to heal its wounds. The EUR/USD rebound appears limited amid Fed-ECB policy divergence. ECB and Fed speeches awaited.  GBP/USD GBP/USD is clinging to recovery gains above 1.2400 in the European morning on Wednesday. The pair benefits from a pause in the US Dollar rally and a return of risk appetite. But traders refrain from placing fresh bets ahead of the key

EUR/USD EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany’s ZEW survey and Powell awaited.  GBP/USD GBP/USD drifts lower for the third straight day on Tuesday and drops to its lowest level since November 17 during the Asian session. Spot prices trade around the 1.2420 region as traders now look to the UK monthly employment

EUR/USD EUR/USD is holding recovery gains above 1.0650 in European trading on Monday. A broadly subdued US Dollar and improving risk appetite bode well for the pair, as markets weigh the weekend’s Middle East escalation. Focus shifts to EU and US data.  GBP/USD GBP/USD gains ground amid a stable US Dollar (USD), trading around 1.2460 during Asian hours on Monday. The US Dollar (USD) maintains its position below its peak since November 2023, potentially restricting the upward momentum of the GBP/USD pair. USD/JPY USD/JPY

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