EUR/USD EUR/USD stays on the front foot above 1.1150 in the early European session on Monday. The US Dollar struggles amid improving risk appetite and a dovish Fed outlook. Traders keenly await the preliminary PMI data from the Eurozone and the US for fresh directives. GBP/USD GBP/USD is defending 1.3300 in the European morning on Monday, giving up early gains. The pair shrugs off a pause in the US Dollar recovery and an upbeat mood ahead of the flash readings of the UK and
EUR/USD The EUR/USD pair trades in positive for the third consecutive day near 1.1165 during the Asian trading hours on Friday. The bearish US Dollar (USD) after the US Federal Reserve (Fed) began its easing cycle with an unexpected 50 basis point (bps) rate cut at its September meeting underpins the major pair. GBP/USD GBP/USD trades with a positive bias for the third straight day on Friday and hovers above the 1.3300 mark in the European morning on Friday. The data from
EUR/USD EUR/USD is holding higher ground above 1.1100 in the early European session on Thursday. The pair is underpinned by the renewed US Dollar retreat, as traders digest the Fed’s dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed. GBP/USD GBP/USD sustains the recovery above 1.3200 in early Europe on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy
EUR/USD EUR/USD is defending minor gains above 1.1100 in the European morning on Wednesday. A broadly subdued US Dollar, amid increased bets of an outsized Fed rate cut and a cautiously optimistic market mood, underpins the pair. All eyes remain on the Fed policy verdict. GBP/USD GBP/USD gains traction and rises toward 1.3200 in the European morning on Wednesday. The data from the UK showed that the annual core CPI rose 3.6% in August, up from a 3.3% increase in July, and supported the
EUR/USD The EUR/USD pair trades on a softer note near 1.1125 amid the modest recovery in US Dollar during the early Tuesday. Traders brace for the release of US Retail Sales data, which is due later in the day. On Wednesday, the US Federal Reserve interest rate decision will take center stage. GBP/USD GBP/USD traders move to the sidelines ahead of the FOMC/BoE policy meetings this week. Rising Bets for a 50 bps Fed rate cut keep the USD bulls on the defensive and lend support.
EUR/USD EUR/USD starts the week on a positive note, edging higher to trade around 1.1090 during the Asian session on Monday. Investors are now focused on the highly-anticipated policy decision from the US Federal Reserve (Fed) later this week. Markets remain divided on whether the Fed will cut rates by 25 basis points (bps) or 50 bps. GBP/USD The GBP/USD pair attracts some dip-buying on the first day of a new week amid relatively thin trading conditions on the back of a holiday
EUR/USD The EUR/USD pair builds on the previous day’s goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on Friday. GBP/USD The GBP/USD pair gains positive traction for the second straight day and recovers further from over a three-week low, around the 1.3000 psychological mark touched on Wednesday. USD/JPY The USD/JPY pair weakens further below mid-141.00s during the Asian session on Friday and has now moved back closer to the
EUR/USD EUR/USD is gyrating in a tight range above 1.1000 in Asian trading on Thursday. Traders assess the latest US CPI inflation data, bracing for the ECB policy announcements amid a positive risk sentiment and sustained US Dollar strength. GBP/USD The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity released during the European session seems to have added pressure on the pound. USD/JPY The USD/JPY pair fails to capitalize on modest Asian session
EUR/USD EUR/USD breaks its three-day losing streak, trading around 1.1050 during Wednesday’s Asian session. The upside of the pair is attributed to the subdued US Dollar ahead of the US Consumer Price Index data scheduled to be released later in the North American hours. GBP/USD GBP/USD attracts some buyers on Wednesday amid a modest USD decline. The fundamental backdrop warrants before placing aggressive bullish bets. Traders might also prefer to wait for the release of the crucial US CPI report. USD/JPY The USD/JPY pair remains under
EUR/USD The EUR/USD pair recovers a few pips from a one-week low, around the 1.1030-1.1025 area touched during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak. Any meaningful appreciating move, however, still seems elusive in the wake of some follow-through US Dollar (USD) buying. GBP/USD GBP/USD extends its losing streak for the third successive day, trading around 1.3060 during the Asian session on Tuesday. The downside of the pair could be attributed to the
