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EUR/USD EUR/USD is trading close to 1.0550, finding support in the vicinity of the weekly low near 1.0520 heading into early Europe on Friday. The pair takes advantage of the broad retreat in the US Dollar and the bond yields, despite a downbeat mood. Lagarde speech and US data are in focus.  GBP/USD GBP/USD retraces the recent losses that were registered on Thursday, trading higher around the 1.2200 psychological level. However, the pair faced challenges due to the optimistic economic data from the

EUR/USD EUR/USD is trading above 1.0600, attracting some buying during the Asian trading on Thursday. Dovish Fed expectations keep the US Dollar bulls on the defensive and lend support to the pair. Traders seem reluctant to place aggressive bets ahead of the US consumer inflation report. GBP/USD GBP/USD continues to trade modestly higher on the day above 1.2300 despite uninspiring macroeconomic data releases from the UK. Industrial and Manufacturing Production contracted in August, while monthly GDP expanded by 0.2%. USD/JPY The USD/JPY pair oscillates in a

EUR/USD EUR/USD is holding steady while defending 1.0600 heading toward the European open on Wednesday. The US Dollar licks its wound following the dovish Fed commentaries and amid an upbeat mood. Key US PPI inflation and Fed Minutes are next in focus.  GBP/USD GBP/USD scales higher for the sixth successive day and climbs to a near three-week high. Retreating US bond yields and a positive risk tone undermine the USD and lend support. Traders now look to the US PPI and FOMC

EUR/USD EUR/USD is holding lower ground near 1.0550 in the European session, having failed to sustain the recovery. The US Dollar is finding fresh demand, despite dovish Fed bets. as traders stay cautious amid the Middle East tensions. ECB Lagarde and Fed speakers are in focus.  GBP/USD GBP/USD is dropping toward 1.2200 in early European trading on Tuesday. The pair is feeling the pull of gravity amid a US Dollar rebound even though risk sentiment remains slightly upbeat. Geopolitical risks weigh on

EUR/USD EUR/USD is keeping its bearish potential intact around 1.0550 in the European morning on Monday, having opened a new week with a modest bearish gap. Risk-off flows dominate amid escalating Middle East violence, underpinning the safe-haven demand for the US Dollar.  GBP/USD GBP/USD is battling 1.2200, on the defensive early Monday amid risk-aversion. The US Dollar capitalizes on escalating geopolitical tensions in the Middle East and hawkish Fed bets. Higher Oil prices also add to the weight on the pair.  USD/JPY The USD/JPY pair

EUR/USD EUR/USD  is seen oscillating in a narrow trading band around 1.0550 heading into the European morning on Friday. The US Dollar is consolidating its two-day corrective decline amid a better mood and ahead of the key US payrolls data.  GBP/USD GBP/USD looks to retrace recent gains, trading slightly lower around 1.2180 during the Asian session on Friday. However, the pair received upward support, which could be attributed to the correction in the US Dollar (USD) following the decline in US Bond yields. USD/JPY The USD/JPY pair

EUR/USD EUR/USD continues on the gains registered in the previous session, trading higher around 1.0520 during the Asian trading session on Thursday. The pair encountered challenges amid market caution regarding the interest rate trajectory of the US Federal Reserve (Fed). GBP/USD The GBP/USD pair struggles to capitalize on the previous day’s goodish intraday recovery from the 1.2035 area, or its lowest level since March 16 and oscillates in a narrow trading band during the Asian session on Thursday. Spot prices currently trade below

EUR/USD EUR/USD remains on the defensive around 1.0470 amid a US Dollar upside consolidation. The pair’s rebound appears capped by firmer US Treasury bond yields, in the face of hawkish Fed bets. Traders look to ECB Lagarde’s speech and EU data ahead of the US ADP jobs report.  GBP/USD The GBP/USD pair extends its consolidative price move for the second successive day on Wednesday and remains well within the striking distance of the lowest level since March 16 touched the previous day. Spot prices

EUR/USD EUR/USD is sitting at YTD lows near 1.0450 in the European morning on Tuesday. Hawkish Fed expectations and risk-aversion are supporting the US Dollar uptrend, weighing on the pair. US JOLTS Job Openings data is next in focus amid a light EU economic calendar.  GBP/USD GBP/USD remains on the defensive near a multi-month trough touched this Tuesday. A combination of factors lifts the USD to a fresh YTD top and weighed on the major. The BoE’s surprise pause continues to weigh on the

EUR/USD EUR/USD is consolidating in a narrow range below 1.0600 in early Europe on Monday. The pair keeps its calm amid a steady US Dollar, higher US Treasury bond yields and a cautious mood. US ISM PMI and Powell’s speech in focus.  GBP/USD GBP/USD struggles to gain any meaningful traction and oscillates in a narrow trading range. The risk-on impulse is seen undermining the safe-haven USD and lending support to the major. The divergent Fed-BoE policy outlook should keep a lid on