InterstellarFX

EUR/USD EUR/USD remains subdued for the second consecutive day, trading around 1.1740 during the Asian hours on Wednesday. The pair holds little losses as the US Dollar (USD) gains ground on increased market caution amid ongoing uncertainty surrounding the Middle East conflict. GBP/USD GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on

EUR/USD The EUR/USD pair trades with mild losses near 1.1785 during the early Asian session on Tuesday. Traders continue to digest ongoing Middle East tensions ahead of the 14-day ceasefire expiration. The ZEW Survey from Germany and the Eurozone is due later on Tuesday. On the US docket, the US March Retail Sales report will be published.  GBP/USD GBP/USD advanced 0.1% on Monday, trading around 1.3530 after pulling back from last week’s peak near 1.3600. The pair has spent recent sessions consolidating between

EUR/USD Commerzbank’s Thu Lan Nguyen argues that in the short term EUR/USD gains are capped as markets may be overestimating the European Central Bank’s (ECB) reaction to the latest inflation shock. She notes the Euro (EUR) and Pound (GBP) have held up better than in 2022 thanks to expectations of quicker tightening. Over the longer term, she highlights greater inflation and policy risks for the US Dollar (USD) versus the Euro. GBP/USD GBP/USD advances during the North American session on Friday as

EUR/USD The EUR/USD pair trades subduedly near 1.1777 during the Asian trading session on Friday. The major currency pair has turned sideways after a two-week-long rally to near 1.1825 as investors await the announcement of another round of talks between the United States (US) and Iran. GBP/USD GBP/USD gave up recent gains on Thursday, falling around 0.25% to settle close to 1.3525 after slipping back below the 1.3550 handle. Price drifted lower through the European and North American sessions in a steady

EUR/USD The (EUR) edges up against the US Dollar (USD) on Thursday, trading right above 1.1800 at the time of writing, on track for a nine-day rally. Hopes of a new round of negotiations between the US and Iran have prompted investors to move away from the safe-haven Dollar, propelling the pair to pre-war levels. GBP/USD The GBP/USD pair halts its advance on Wednesday and remains steady around 1.3570 as optimism about a resumption of US-Iran talks has tempered. At the same

EUR/USD EUR/USD remains flat after seven days of gains, trading around 1.1790 during the Asian hours on Wednesday. The pair may extend its gains as the US Dollar (USD) weakened amid rising optimism that the United States (US) and Iran could soon resume negotiations, boosting hopes for a deal to end the conflict and reopen the Strait of Hormuz. GBP/USD The Pound Sterling (GBP) advances on Tuesday as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same

EUR/USD The announcement of a two-week ceasefire in Iran triggered a relief rally during Wednesday’s Asian trading session that sent the safe-haven US Dollar (USD) tumbling against its main peers. The EUR/USD extended its rally from 1.1500 to hit five-week highs at 1.1697 so far. GBP/USD GBP/USD ripped higher on Tuesday as the US Dollar buckled under a wave of risk-on positioning triggered by President Trump’s announcement of a two-week ceasefire with Iran. The pair surged from the low 1.3200s into the upper

EUR/USD The EUR/USD pair ticks marginally lower around 1.1530 during the Asian trading session on Tuesday, but is broadly sideways, wobbling inside Monday’s trading range. The major currency pair consolidates while investors await Iran’s final decision on the ceasefire proposal by the United States, which has a deadline of Tuesday, 08:00 PM ET. GBP/USD GBP/USD traded flat on Monday, settling close to 1.3240 in a thin session with the UK on Easter Monday holiday. The pair bounced modestly from last week’s low near