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EUR/USD The EUR/USD pair consolidates gains around 1.0745 during the early European session on Wednesday. Data released on Tuesday showed that the annual inflation rate in the Eurozone cooled down in June, in line with the market consensus.  GBP/USD GBP/USD lacks firm intraday direction on Wednesday amid mixed fundamental cues. August BoE rate cut bets cap the GBP ahead of the UK general elections on Thursday. Traders also seem reluctant and prefer to wait for the release of the FOMC minutes. USD/JPY The Japanese Yen (JPY)

EUR/USD EUR/USD clipped into a fresh multi-week high above 1.0770 on Monday before getting forced back down by a broad-market reversal in investor sentiment. Bullish momentum was cut short after US activity figures flashed warning signs of a steepening economic downturn. Investors will be buckling down for the wait to key economic figures on both sides of the Atlantic throughout the week, culminating in a fresh print of US Nonfarm Payrolls (NFP) slated for Friday. GBP/USD The GBP/USD pair extends its sideways

EUR/USD EUR/USD extends gains above 1.0750 in European trading on Monday. The Euro gains as France’s far-right National Rally (RN) party sweeps the first round of elections. Meanwhile, the US Dollar stays offered on renewed Fed rate cut bets. Focus shifts to German inflation and US PMIs.  GBP/USD GBP/USD rises further toward 1.2700 in the European session on Monday. The US Dollar remains weighed down by dovish Fed expectations and the EUR/USD upsurge, keeping the pair underpinned ahead of the US ISM PMI data.  USD/JPY The Japanese

EUR/USD EUR/USD is back in the red below 1.0700 in the early European morning on Friday. The pair reverses the previous rebound amid resurgent US Dollar demand even as risk sentiment remains in a sweeter spot. Markets turn anxious ahead of US PCE inflation and Sunday’s French elections. GBP/USD GBP/USD attracts fresh sellers on Friday, though the downside remains cushioned. Traders now seem reluctant to place aggressive directional bets ahead of the US PCE. The technical setup suggests that the path of

EUR/USD EUR/USD recovers its losses from the previous two sessions, trading around 1.0690 during the Asian session on Thursday. A technical analysis of the daily chart indicates a bearish bias, with the pair consolidating within a descending channel. GBP/USD The GBP/USD pair attracts some buyers near the 1.2615-1.2610 area, or its lowest level since mid-May touched during the Asian session on Thursday and reverses a part of the previous day’s steep decline. Spot prices currently trade around the 1.2630 area, up less than 0.10%

EUR/USD EUR/USD is trading near 1.0700, on the back foot early Wednesday. The pair is undermined by persistent US Dollar strength on a cautious mood, hawkish Fed expectations and higher US Treasury bond yields. Mid-tier US data is next in focus.  GBP/USD GBP/USD holds below 1.2700, trading sideways for the second straight day on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election anxiety keep the pair in a familiar range. Attention turns to the mid-tier US data, as the UK calendar is data-dry.  USD/JPY The

EUR/USD EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index figures for both the EU and the US on the cards. GBP/USD GBP/USD struggles to register any meaningful recovery and hangs near a one-month trough. Bets for an early rate cut by the BoE undermine the GBP and act as a headwind for the

EUR/USD EUR/USD cycled on Wednesday with US markets out for a midweek holiday, and the Fiber heads into the back half of the trading week with mid-tier data on the offering, leaving investors to look ahead to Friday’s Purchasing Managers Index (PMI) activity figures for meaningful data releases to drive sentiment in either direction. GBP/USD The GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area

EUR/USD EUR/USD trades with a mild negative bias, though the downside remains cushioned. September Fed rate cut bets keep the USD bulls on the defensive and lend support. The technical setup favors bearish traders and supports prospects for further losses. GBP/USD GBP/USD fluctuates above 1.2700 in the early European session on Wednesday. The data from the UK showed that annual inflation, as measured by the change in the Consumer Price Index, declined to 2% in May from 2.3% in April, limiting Pound