EUR/USD EUR/USD is rebounding toward 1.1000, as bears take a breather after posting the biggest daily loss in 1.5 months. The pair is benefiting from the latest retreat in the US Dollar amid a recovery in risk sentiment and ahead of US Durable Goods data. GBP/USD GBP/USD is recovering ground toward 1.2450 after defending the 1.2400 level. Markets are witnessing an improvement in risk sentiment in the early European morning, weighing on the safe-haven US Dollar. The focus shifts to the US
EUR/USD The EUR/USD pair has faced some selling pressure after climbing above 1.1060 in the Asian session. A loss in the upside momentum in the major currency pair is backed by a recovery attempt by the US Dollar Index (DXY). GBP/USD GBP/USD marches to the highest levels in seven days as bulls attack the 1.2500 threshold during Tuesday’s Asian session. The Cable has shown a stellar upside move amid weakness in the US Dollar Index (DXY). The USD Index has refreshed its weekly low at 101.20 and
EUR/USD EUR/USD is trading under pressure below 1.1000 in early Europe this Monday. The pair is weighed down by a minor uptick in the US Dollar amid a cautious market mood. All eyes are on critical EZ and US data later this week. GBP/USD GBP/USD is dropping toward 1.2400 in the early European morning. Cable has faced some selling pressure as the US Dollar is showing some signs of recovery amid a risk-averse market environment. UK Sunak’s speech in focus. USD/JPY The USD/JPY pair is making efforts for recapturing
EUR/USD EUR/USD is trading with caution, flatlining above 1.0950 awaiting the releases of the preliminary Eurozone and United States S&P Global PMI data. The US Dollar is licking its wounds, despite moderate risk aversion and hawkish Fedspeak. GBP/USD The GBP/USD pair is continuously oscillating in a narrow range around 1.2440 in the Tokyo session. The Cable is struggling to find a decisive move as investors are awaiting the release of the United Kingdom Retail Sales data for further guidance. USD/JPY The USD/JPY pair moves near
EUR/USD EUR/USD grinds higher, consolidating the previous day’s losses at around 1.0960 in the early European morning. The pair cheers the latest retreat in the US Dollar alongside the US Treasury bond yields. Eurozone data, ECB-speak next in focus. GBP/USD The GBP/USD pair witnessed good two-way price swings on Wednesday and finally settled with modest intraday gains for the second successive day. The British Pound got a goodish lift following the release of the UK consumer inflation figures, though broad-based US Dollar (USD) strength acted as a headwind
EUR/USD EUR/USD is trading flat, struggling to extend its recovery above the immediate mark of 1.0980 in early Europe. The US Dollar is finding fresh demand amid a cautious market mood, despite sluggish yields. ECB-speak in focus. GBP/USD GBP/USD is holding the previous upside above 1.2400, as markets digest UK labor market data and look to the next set of ammunition in Wednesday’s inflation report. The UK Consumer Prices Index (CPI) for March is seen falling back into single digits, with a 9.8% clip expected. USD/JPY USD/JPY
EUR/USD EUR/USD is holding higher ground near 1.0940 heading into early Europe. The pair is capitalizing on a fresh pullback in the US Dollar, as investors stay cautiously optimistic amid upbeat China’s growth numbers. German ZEW survey next in focus. GBP/USD The GBP/USD pair has extended its recovery above the 1.2380 mark in the Asian session. The Cable is approaching the 1.2400 mark ahead of the release of the United Kingdom Employment data. USD/JPY USD/JPY bulls struggle to keep the reins during a three-day
EUR/USD EUR/USD is facing resistance in extending its rally above 1.1000 in early Europe. The pair is struggling as the US Dollar has paused its sell-off, awaiting the US PPI data for further downside. Eurozone Industrial Output coming up next. GBP/USD GBP/USD is gathering strength for recapturing the 1.2500 mark, awaiting the UK GDP and industrial data. Cable extended its rebound after softer US CPI data revived Fed rate cuts bets and smashed the US Dollar. US PPI data eyed as well. USD/JPY USD/JPY remains sidelined around
EUR/USD EUR/USD drops to 1.0915 as it consolidates the previous day’s rebound from a one-week low heading into Wednesday’s European session. The Euro pair justifies the market’s cautious mood ahead of the key US Consumer Price Index (CPI) for March. GBP/USD GBP/USD prints mild gains around 1.2430 as traders await the week’s key catalysts headlines into Wednesday’s London open. The Cable pair struggles to cheer the recent upside break. USD/JPY The USD/JPY pair has printed a fresh four-week high at 134.04 in the Asian session. The upside bias for
EUR/USD The EUR/USD pair is approaching swiftly towards the 1.0900 mar in the Asian session. The major currency pair has extended its rally above 1.0880 as investors have digested the expectations of one more 25 bps rate hike from the Federal Reserve (Fed). GBP/USD The GBP/USD pair gains some positive traction during the Asian session on Tuesday and snaps a four-day losing streak to over a one-week low, around the 1.2345 region touched the previous day. USD/JPY Most Asian currencies rose slightly on Tuesday, while the dollar
