finance

EUR/USD EUR/USD keeps its bearish momentum intact while consolidating below 1.0600 in early Europe on Tuesday. The pair remains undermined by the ongoing uptrend in the US Dollar alongside the US Treasury bond yields on the Fed’s higher for-longer rate view.  GBP/USD The GBP/USD pair remains under selling pressure and trades in negative territory for the fourth consecutive week during the early European session on Tuesday. The major pair trades near 1.2203, losing 0.07% on the day. USD/JPY USD/JPY trades near 148.90 close to an 11-month high

EUR/USD EUR/USD is keeping its range play intact near 1.0650 in the early European hours on Monday. Markets stay risk-averse, weighing the Fed’s ‘higher-for-longer’ rate view and lingering China’s property market woes. Germany’s IFO survey eyed.  GBP/USD GBP/USD remains on the defensive below the mid-1.2200s early Monday. The US Dollar is clinging to the previous week’s gains alongside firmer US Treasury bond yields while the Pound Sterling weighs the Fed-BoE policy divergence amid a quiet calendar.  USD/JPY The USD/JPY pair remains flat below the mid-148.00s

EUR/USD EUR/USD is trading lower at around 1.0650, holding its downward trajectory on Friday. The sustained US Dollar strength exerts downward pressure on the pair amid an upbeat mood and higher US Treasury bond yields. EU/ US PMIs eyed.  GBP/USD GBP/USD is trading depressed below 1.2270, well within the striking distance of a multi-month low set on Thursday. Discouraging UK Retail Sales data weighs on the pair after a surprise BoE pause. The focus shifts to UK/ US PMI data.  USD/JPY The USD/JPY pair regains positive

EUR/USD EUR/USD is trading close to weekly lows below 1.0650 in the early European morning on Thursday.  The Fed, as expected, kept rates unchanged but indicated that one more rate hike before the year-end could be appropriate. US yields surges to multi-year highs, driving the US Dollar higher.  GBP/USD GBP/USD is consolidating losses in early Europe on Thursday, trading near a five-month low at 1.2304 set on Wednesday. The pair is weighed by the Fed’s hawkish stance and increased odds of a BoE rate hike pause,

EUR/USD EUR/USD attracts some dip-buying on Wednesday, though lacks bullish conviction. Bets that the ECB is done hiking rates act as a headwind for the Euro and cap gains. Traders also seem reluctant and now look to the FOMC decision for a fresh impetus. GBP/USD GBP/USD came under renewed bearish pressure and dropped to its lowest level in nearly four months below 1.2350. The data from the UK showed that the annual CPI inflation declined to 6.7%, compared to analysts’ estimate of

EUR/USD EUR/USD is trading under pressure below 1.0700 amid a cautious Asian trading on Tuesday. Bets that the ECB is done hiking rates act as a headwind for the shared currency while a subdued US Dollar price action could lend support to the pair.  GBP/USD The GBP/USD pair continues with its struggle to gain any meaningful traction and languishes near its lowest level since early June touched on Monday. Spot prices trade around the 1.2380-1.2375 region. USD/JPY USD/JPY recovers from the losses registered on the previous

EUR/USD EUR/USD is holding gains below 1.0700, starting off the week on a positive note on Monday. The pair is receiving upward support, courtesy of a better market mood and a broad US Dollar pullback. German Bundesbank’s monthly report eyed.  GBP/USD The GBP/USD pair attracts some buying on the first day of a new week and reverses a part of Friday’s slide to the 1.2380-1.2375 area, or its lowest level since June. Spot prices currently trade around the 12400 round figure and draw some support

EUR/USD EUR/USD dropped despite a 25 basis points (bps) rate hike by the European Central Bank (ECB) on Thursday. The pair has continued its losing streak and is trading lower around 1.0640 during the Asian session on Friday. This decline in the Euro (EUR) can be attributed to the ECB’s dovish tone. GBP/USD GBP/USD gains some positive traction and moves away from a multi-month low set on Thursday. A combination of factors prompts some USD profit-taking, which lends support to the pair. Diminishing odds

EUR/USD EUR/USD takes offers to refresh intraday low near 1.0718 but posts mild losses while reversing the previous day’s corrective bounce off a multi-day bottom heading into Thursday’s European session. The Euro pair retreats towards the lowest level in three months marked on Wednesday. GBP/USD The GBP/USD pair consolidates its recent losses around 1.2500. The Pound Sterling was weakened by Bank of England (BoE) Governor Andrew Bailey’s dovish remark on Wednesday. He stated that BoE is much closer to ending its hiking cycle. USD/JPY The USD/JPY pair edges

EUR/USD EUR/USD is attempting a bounce toward 1.0750, shrugging off the downbeat German factory data in the European morning on Wednesday. The US Dollar is retreating alongside the US Treasury bond yields, despite a risk-off market mood. EU Retail Sales, US PMIs eyed.  GBP/USD GBP/USD is advancing toward 1.2600, rebounding from its lowest level since June 13 in early Europe on Wednesday. The pair is underpinned by a broad pullback in the US Dollar from six-month highs, as the focus shifts to the