InterstellarFX

EUR/USD The EUR/USD pair loses ground around 1.1705 during the Asian trading hours on Tuesday. The Euro softens against the US Dollar after France’s new Prime Minister Sebastien Lecornu and his government resigned on Monday, hours after announcing his cabinet line-up. On the other hands, the German August Factory Orders and French Trade Balance data are due later on Tuesday.   GBP/USD GBP/USD loses ground after two days of gains, trading around 1.3470 during the Asian hours on Tuesday. However, the pair may regain its ground as the

EUR/USD EUR/USD retraces its recent gains registered in the previous session, trading around 1.1720 during the Asian hours on Monday. The downside of the pair could be limited as the US Dollar may struggle amid the rising likelihood of the US Federal Reserve rate cuts in the upcoming meetings. GBP/USD The Pound Sterling (GBP) recovery from seven-week lows against the US Dollar (USD) lost legs, sending GBP/USD back below the 1.3500 threshold. Amid cautious remarks by the Bank of England (BoE) policymakers and a broad-based US Dollar

EUR/USD EUR/USD holds ground after two days of losses, trading around 1.1720 during the Asian hours on Friday. Traders await HCOB Purchasing Managers’ Index (PMI) data from the Eurozone and Germany due later in the day. Eurozone Producer Price Index (PPI) will also be eyed. GBP/USD GBP/USD halts its four-day positive streak on Thursday. slipping back to two-day lows near 1.3430 amid a modest bounce in the US Dollar. The British Pound finds support in the BoE’s cautious guidance, while the Greenback remains

EUR/USD The EUR/USD pair gains ground near 1.1735 during the Asian trading hours on Thursday. The concern over the impact of the US government shutdown undermines the US Dollar against the Euro. The US weekly Initial Jobless Claims will not be published in light of the ongoing federal shutdown.  GBP/USD GBP/USD extends its gains for the fifth consecutive day, trading around 1.3480 during the Asian hours on Thursday. The pair may further appreciate as the Pound Sterling receives support from the cautious remarks from the Bank of England (BoE)

EUR/USD EUR/USD registers gains of over 0.20% on Monday amid worries of a possible government shutdown in the US, while data in the Eurozone, showed that sentiment improved but failed to propel the shared currency higher. At the time of writing, the pair trades at 1.1726 after hitting a daily low of 1.1701. GBP/USD GBP/USD stays silent after two days of gains, trading around 1.3440 during the Asian hours on Tuesday. The pair moves little ahead of the release of the United

EUR/USD EUR/USD extends its gains for the second successive session, trading around 1.1720 during the Asian hours on Monday. The pair appreciates as the US Dollar weakens after the US August inflation report boosted the likelihood that the US Federal Reserve will likely deliver another interest rate cut in October. GBP/USD The GBP/USD pair edges higher to near 1.3415 during the early Asian session on Monday. The US Dollar weakens against the Pound Sterling as the US August inflation report reinforced market expectations

EUR/USD EUR/USD holds its rebound to near 1.1750 in European trading on Thursday, after registering more than 0.5% losses in the previous session. The pair benefits from a modest retreat in the US Dollar across the board as traders turn cautious ahead of a slew of US data releases and speeches from Fed officials.  GBP/USD The GBP/USD pair recovers some lost ground to around 1.3460 during the Asian trading hours on Thursday. The US Dollar weakens against the Pound Sterling as traders

EUR/USD EUR/USD extends its winning streak for the fourth consecutive session, testing 1.1800 in the European session on Tuesday. The persistent US Dollar weakness on bets of aggressive Fed rate cuts remains the underlying factor for the pair’s strength. The focus now shifts to German ZEW and US Retail Sales data.  GBP/USD GBP/USD sits at its highest level since early July above 1.3600 in the European session on Tuesday. The data from the UK showed that the ILO Unemployment Rate held steady at 4.7%

EUR/USD EUR/USD oscillates in a tight range around 1.1700 in the European trading hours on Thursday. The pair lacks a clear direction as traders adopt caution ahead of the European Central Bank interest rate decision and the US CPI inflation due later in the day. GBP/USD GBP/USD trades on the back foot below 1.3550 in the European session on Thursday. Fresh US Dollar demand and a cautious risk tone weigh on the pair. Traders refrain from placing fresh bets before the release of the all-important US CPI inflation