EUR/USD EUR/USD spent the Asian session in a tight band below 1.0700 but started to edge lower in the early European session. The US Dollar holds its ground following Fed Chairman Powell’s hawkish comments and doesn’t allow the pair to gain traction. GBP/USD GBP/USD continues to fluctuate in a narrow channel slightly above 1.2200. The data from the UK showed that the GDP expanded at an annual rate of 0.6% in Q3. Although this reading came in above the market expectation of
EUR/USD The EUR/USD hovers around 1.0710 during the Asian session on Thursday. The pair experiences a lack of directional momentum, leaving the pair without a clear trend. However, the Euro lies in the green zone after the mixed economic data from the Eurozone and Germany. GBP/USD The GBP/USD pair stalls the overnight modest bounce from the 1.2240 area or the weekly low near the 100-hour SMA and oscillates in a narrow trading band during the Asian session on Thursday. Spot prices trade around the 1.2280 region, nearly unchanged
EUR/USD EUR/USD is trading on the defensive below 1.0700, lacking any firm direction in early Europe on Wednesday. A modest US Dollar uptick amid a cautious mood and positive US Treasury bond yields is weighing on the pair. All eyes remain on Fed Chair Powell’s speech. GBP/USD GBP/USD is under renewed bearish pressure below 1.2300 in European trading on Wednesday. The US Dollar upswing seems to regain momentum, as investors turn cautious ahead of speeches from BoE Governor Bailey and Fed Chair Powell. USD/JPY The Japanese
EUR/USD EUR/USD is seeing fresh selling pressure, battling 1.0700 in early Europe on Tuesday. The renewed upside in the US Dollar and a return of risk-off flows are exerting downward pressure on the pair. ECB and Fed speak are in focus. GBP/USD GBP/USD reversed its direction and retreated to the 1.2350 area after reaching its highest level in nearly two months at 1.2430. The US Dollar rose during the American session helped by higher Treasury yields. The DXY rebounded and turned positive, rising
EUR/USD EUR/USD is trading sideways above 1.0700 early Monday, consolidating last week’s strong gains. The upside, however, appears elusive in the pair, as the US Dollar stalls its decline, despite a better mood. Eurozone Sentix awaited. GBP/USD The GBP/USD pair kicks off the new week on a subdued note and consolidates Friday’s strong move up its highest level since September 20. Spot prices currently trade around the 1.2375 region, nearly unchanged for the day, and remain at the mercy of the USD price dynamics. USD/JPY The USD/JPY
EUR/USD EUR/USD is consolidating weekly gains above the 1.0600 mark in early Europe on Friday. Recent weakness in the US Dollar and the US Treasury bond yields lend some support to the pair. All eyes remain on the US NFP data for a fresh directional impetus. GBP/USD GBP/USD closed on Thursday around 1.2200, the highest in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US Dollar. The DXY lost ground amid risk appetite. USD/JPY The USD/JPY pair struggles to
EUR/USD EUR/USD is trading at around 1.0600 in the European morning on Thursday. A sustained US Dollar weakness, following the extended Fed pause decision and a non-committal Fed Chair Powell, lifts risk sentiment and weighs on the US Dollar alongside the US Treasury bond yields. GBP/USD GBP/USD has entered a phase of consolidation after running into the 1.2200 barrier. Pound Sterling bulls catch a breather, gearing up for the Bank of England’s (BoE) policy announcements on ‘Super Thursday’. USD/JPY The USD/JPY pair extends the overnight
EUR/USD EUR/USD is on the defensive below the 1.0600 level in early Europe on Wednesday. The pair is undermined by a cautious risk tone while the US Dollar holds firm ahead of the Fed interest rates decision and key US jobs data. GBP/USD GBP/USD is holding lower ground below 1.2150 in the European morning on Wednesday. The US Dollar clings to recovery gains ahead of the Federal Reserve decision, supported by higher Treasury yields. US jobs and ISM PMI eyed as well. USD/JPY USD/JPY trades
EUR/USD EUR/USD is battling 1.0600, retreating in the European morning on Tuesday. The US Dollar recovery amid souring risk sentiment is weighing on the pair. Traders stay on a cautious footing ahead of key Eurozone GDP and inflation data. GBP/USD GBP/USD is extending the drop below 1.2150 early Europe on Tuesday. The pair is undermined by a broad US Dollar recovery, as renewed China growth worries dent risk sentiment and support the Greenback. US sentiment data awaited. USD/JPY The USD/JPY pair regains positive traction
EUR/USD EUR/USD is trading sideways near 1.0550 in the European morning on Monday. Traders refrain from placing fresh bets on the Euro ahead of the key German GDP and inflation data. Geopolitical tensions also remain a cause for concern. GBP/USD GBP/USD is trading above 1.2100, extending its struggles to gain any meaningful traction in early Europe on Monday. The pair is on the defensive, as traders stay cautious amid the ongoing Middle East tensions and ahead of key central banks’ meetings. USD/JPY The USD/JPY pair hovers around
