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EUR/USD The EUR/USD pair struggles to capitalize on the previous day’s bounce from the 1.0520 area, or over a one-week low and edges lower during the Asian session on Friday. Spot prices trade with a mild negative bias for the fourth straight day, albeit manage to hold just above mid-1.0500s. GBP/USD The GBP/USD pair struggles to capitalize on the previous day’s goodish rebound from the 1.2070 area, or over a three-week low and seesaws between tepid gains/minor losses during the Asian session on

EUR/USD EUR/USD is trading near 1.0550, on the defensive at weekly lows early Thursday, as traders await the European Central Bank (ECB)  interest rate decision. The expected ECB pause and a downbeat mood-led US Dollar demand undermine the pair. US Q3 GDP eyed as well.  GBP/USD GBP/USD is back under 1.2100 in early Europe on Thursday, extending this week’s decline from the vicinity of 1.2300. The pair is pressured by risk-aversion, in the face of Mideast tensions and surging US bond yields, which boost the US

EUR/USD EUR/USD is challenging the 1.0600 mark, extending the rebound into early Europe on Wednesday. The rebound in the pair is underpinned by a pause in the broad US Dollar overnight recovery. Germany’s IFO survey is next in focus for Euro traders.  GBP/USD The GBP/USD pair attracts some dip-buying during the Asian session on Wednesday and for now, seems to have stalled the previous day’s retracement slide from the vicinity of the 1.2300 mark, or a near two-week high. Spot prices manage to

EUR/USD EUR/USD is holding recovery gains but remains below 1.0700 early Tuesday. The pair capitalizes on the US Treasury bond yields slide and the resultant US Dollar weakness. A positive shift in risk sentiment is aiding the renewed upside. EU/ US PMIs eyed.  GBP/USD GBP/USD is staying directed toward 1.2300 in early Europe on Tuesday. The pair is benefiting from a broadly subdued US Dollar and a positive shift in risk sentiment. The UK jobs data fail to move the needle around the

EUR/USD The EUR/USD pair snaps a two-day winning streak during the early European session on Monday. Market players await the European Central Bank (ECB) Interest Rate Decision on Thursday, with no rate change expected. The major pair is losing 0.15% on the day to trade at 1.0577. GBP/USD GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle following the release of downbeat United Kingdom (UK) Retail Sales data for September on

EUR/USD EUR/USD is trading on the defensive below 1.0600 in the European morning on Friday. The pair is undermined by simmering geopolitical tensions, which boost the safe-haven US Dollar. The downside, however, remains capped on retreating US bond yields.  GBP/USD GBP/USD is losing further ground, closing in on 1.2100 after the UK Retail Sales data disappointed with -0.9% MoM in September. Escalating Middle East tensions continue to lend support to the US Dollar, weighing on the pair.  USD/JPY The USD/JPY pair ticks higher during the

EUR/USD EUR/USD is trading on the defensive below 1.0550 in early Europe on Thursday. Simmering Middle East geopolitical tensions underpin the safe-haven US Dollar. Investors also trade with cautious ahead of Fed Chair Powell’s speech.  GBP/USD The GBP/USD pair struggles to gain any meaningful traction on Thursday and oscillates in a narrow band, below mid-1.2100s during the Asian session. Spot prices flirt with the lower end of a one-week-old trading range, awaiting a fresh catalyst before the next leg of a directional

EUR/USD EUR/USD is holding higher ground but remains below 1.0600 in the Asian session on Wednesday. The risk-on flows dominate and weigh on the US Dollar, especially in light of the upbeat Chinese data. Lagarde’s speech and EU/US data are in focus.  GBP/USD GBP/USD trades in positive territory at around 1.2200 in the European morning on Wednesday. The data from the UK showed that the annual Consumer Price Index (CPI) inflation held steady at 6.7% n September, surpassing the market expectation of 6.5%.  USD/JPY The

EUR/USD EUR/USD is keeping losses near 1.0550 in the early European morning on Tuesday. Resurgent US Dollar demand is weighing on the pair amid a cautious mood. Markets await Germany’s ZEW Survey and US Retail Sales data for fresh trading incentives.  GBP/USD GBP/USD is holding lower ground near 1.2200 in early Europe on Tuesday after the data from the UK showed that wage inflation eased modestly in August. Later in the day, September Retail Sales data will be featured in the US economic

EUR/USD EUR/USD is attracting some buyers above 1.0500 amid a broadly softer US Dollar early Monday. Further upside in the pair, however, appears elusive amid escalating Hamas-Israel geopolitical risks. Focus shifts to ECB- and Fed-speak for fresh impetus.  GBP/USD The GBP/USD pair gains traction above the mid-1.2100s during the Asian session on Monday. The softer US Dollar lends some support to the pair. The risk sentiment dominate the market ahead of the key UK employment data and US Retail Sales on Tuesday.  USD/JPY USD/JPY