InterstellarFX

EUR/USD The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day. The incoming US macro data pointed to a remarkably resilient labor market. Adding to this, the January FOMC meeting Minutes and hawkish comments from Federal Reserve (Fed) officials forced investors to pare their bets for more aggressive policy easing. This, along with rising geopolitical tensions, assists the safe-haven

EUR/USDThe EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.GBP/USDThe Pound Sterling (GBP) trades with caution near 1.3500 against the US Dollar (USD) during the European trading session on Thursday, the lowest level seen in almost four weeks. The GBP/USD pair is under pressure as cooling United

EUR/USD The EUR/USD pair loses traction near 1.1840 during the early European session on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the Federal Open Market Committee (FOMC) Minutes for signals on future rate cuts, which will be released later on Wednesday.  GBP/USD The GBP/USD pair struggles to capitalize on the previous day’s late rebound from an over one-week low – levels below the 1.3500 psychological mark – and trades with a negative bias for the third consecutive day

EUR/USD The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index for February at 10:00 GMT later on Tuesday. ZEW Survey – Economic Sentiment Index for Germany is expected to rise to 65.0 in February, from 59.6 that came in January. Meanwhile, the Current Situation Sub-Index is expected to improve to -65.7 in the reported month, up from the previous reading of -72.7. ZEW Survey – Economic Sentiment in Eurozone is expected to improve to

EUR/USD EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States (US) markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break. GBP/USD The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution

EUR/USD The Euro (EUR) is trading lower against the US Dollar (USD) for the fourth consecutive day on Friday, changing hands at 1.1855 at the time of writing, down from its weekly high of 1.1928. Renewed concerns about AI have crushed market sentiment ahead of the releases of the Eurozone’s Preliminary Gross Domestic Product (GDP) and the US Consumer Price Index (CPI), due later on Friday. GBP/USD The Pound Sterling edged higher to 1.3640 on Thursday, recovering from an earlier pullback after

EUR/USD The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1835-1.1830 region and oscillates in a narrow band during the Asian session on Thursday. Spot prices currently trade around the 1.1875 area, remaining nearly unchanged for the day and staying within striking distance of an over one-week high, reached on Tuesday, amid mixed cues. GBP/USD The GBP/USD pair gains ground near 1.3635, snapping the two-day losing streak during the early European session on Thursday. The preliminary reading of UK

EUR/USD The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD). Markets might turn cautious later in the day ahead of the delayed US employment report for January, which will offer clues on the path of Federal Reserve (Fed) policy. GBP/USD GBP/USD pulled back on Tuesday after Monday’s strong bounce from the 1.3510 low, closing at 1.3641, down 0.39% on the session. The daily chart shows the pair gave back gains