finance

EUR/USD EUR/USD is losing ground below 1.1150 in early Europe on Wednesday. The pair extends the correction from yearly highs, in the face of resurgent US Dollar demand, as risk sentiment sours ahead of Fedspeak and Nvidia earnings report.  GBP/USD GBP/USD is retreating toward 1.3200 in the early European morning on Wednesday, undermined by a fresh upswing staged by the US Dollar. Markets turn anxious ahead of speeches from the BoE and the Fed policymakers later in the day.  USD/JPY The Japanese Yen (JPY) stays

EUR/USD EUR/USD is holding steady above 1.1150 in the European morning on Tuesday. The US Dollar struggles to extend recovery, supporting the pair amid a cautiously optimistic market mood. The focus shifts to mid-tier US economic data.  GBP/USD GBP/USD is treading water at around 1.3200 in the European session on Tuesday. Easing concerns over a broader Middle East conflict check the rebound in the safe-haven US Dollar, helping the pair to stay afloat ahead of US sentiment and housing data.  USD/JPY The Japanese Yen (JPY) continues

EUR/USD EUR/USD pulls back to trade below 1.1200 in European trading on Monday. The pair feels the pull of gravity, thanks to a modest US Dollar rebound and a tepid risk tone. The focus shifts to Germany’s IFO and US Durable Goods data for fresh impetus.  GBP/USD GBP/USD is off multi-month highs to tread water near 1.3200 early Monday. The US Dollar attempts a minor recovery amid souring risk sentiment, acting as a headwind for the pair. Middle East geopolitical risks and US Durable

EUR/USD The EUR/USD pair regains positive traction on the last day of the week and for now, seems to have stalled its pullback from the vicinity of over a one-year high touched on Wednesday. Spot prices trade around the 1.1125 region and draw support from the emergence of fresh selling around the US Dollar. GBP/USD The GBP/USD pair trades in positive territory for the seventh consecutive day near 1.3105 during the early European session on Friday. The confidence of investors that the US Federal Reserve will start

EUR/USD EUR/USD keeps its range near 1.1150 in European trading, snapping a four-day winning streak. The pair stays defensive ahead of the top-tier Euro area and the US preliminary PMI data. Broad US Dollar rebound amid souring sentiment weighs on the pair.  GBP/USD GBP/USD has entered a consolidative mode in early Europe on Thursday, following a rejection at 1.3100 and amid a broad US Dollar recovery. Traders now look to the flash PMIs from the UK and the US for fresh trading impetus.  USD/JPY The Japanese Yen

EUR/USD EUR/USD drove up 0.4% on Tuesday, breaching back above 1.1100 for the first time since last December, chalking in a fresh high for 2024. The pair has closed firmly in the green for three straight trading days, and is on pace to climb a full percent since Monday’s opening bids. GBP/USD GBP/USD chalked in another third of a percent gain on Tuesday, squeezing out a fresh 13-month high and closing in the green for a third straight day as the Pound Sterling

EUR/USD EUR/USD trades around 1.1080 during the Asian session on Tuesday after pulling back from an eight-month high of 1.1087. This downside is attributed to the improved US Dollar amid risk aversion sentiment. However, the Greenback may struggle due to rising odds of a 25 basis point rate cut by the US Federal Reserve in September. GBP/USD The GBP/USD pair weakens near 1.2980, snapping the three-day winning streak during the early European session on Tuesday. The modest recovery of the Greenback drags the major

EUR/USD EUR/USD is sitting at year-to-date (YTH) highs near 1.1050 in the European session on Monday. The softer US Dollar, amid heightening Fed rate cut expectations, upbeat risk tone and USD/JPY sell-off, underpins the pair. The focus stays on Fedspeak, in the face of a data-sparse calendar.  GBP/USD The British Pound (GBP) continues to draw support from last week’s relatively stronger UK macro data, which pointed to a still resilient economy and might have dashed hopes for another interest rate cut by the 

EUR/USD EUR/USD halts its three-day losing streak, trading around 1.0920 during the Asian session on Friday. The upside of the EUR/USD pair could be attributed to the downbeat US Dollar, which could be attributed to heightened expectations of a dovish policy outlook by the US Federal Reserve. GBP/USD The GBP/USD pair is seen building on the previous day’s goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive day on Thursday. USD/JPY The Japanese Yen

EUR/USD The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday. The softer US Dollar provides some support to the major pair. Nonetheless, the risk-off sentiment might cap the upside of EUR/USD amid the escalating geopolitical risks.  GBP/USD GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut