InterstellarFX

EUR/USD EUR/USD is trading above 1.0900, extending gains early Thursday. The pair stays firmer amid a broadily depressed US Dollar. Investors are assessing the latest dovish outlook from the Fed ahead of the SNB and BoE policy outcomes, which could trigger fresh volatility surge across the FX board.  GBP/USD GBP/USD is advancing toward 1.2350 ahead of the BoE’s policy announcements. Strong UK CPI data, PM Sunak’s Brexit success and dovish Fed hike add strength to the Cable’s bullish momentum. USD/JPY USD/JPY picks up bids to pare intraday

EUR/USD EUR/USD is consolidating recent gains below 1.0800 in the early European morning. The pair capitalizes on a subdued US Dollar on a less hawkish Fed outlook. The upside in EUR/USD, however, appears elusive, as traders stay cautious ahead of Lagarde’s speech and the Fed verdict.  GBP/USD GBP/USD is holding higher ground above 1.2200 in early Europe. The US Dollar is licking its wounds amid a better market mood heading into the Fed policy decision. In the meantime, the pair looks forward

EUR/USD EUR/USD is juggling in a narrow range just above the 1.0700 level in early Europe. The pair is sidelined amid a relatively calmer risk tone and a pause in the US Dollar decline. Markets digest the latest global banking sector developments ahead of Germany’s ZEW survey.  GBP/USD GBP/USD is on a corrective move lower while testing 1.2250 in the early European morning. A broad rebound in the US Dollar is weighing on the pair, despite a better market mood. Investors stay cautious amid the

EUR/USD EUR/USD has extended its recovery toward 1.0650, as the US Dollar Index is losing further steam on Friday. Dovish Fed expectations and US First Republic Bank’s relief plan revive risk appetite and weigh on the safe-haven US Dollar. Eurozone/ US data next on tap.  GBP/USD GBP/USD clings to mild gains around 1.2150 heading into Friday’s London open. The Cable pair remains firmer for the second consecutive day amid downbeat US Dollar, as well as due to the price-positive catalysts. USD/JPY USD/JPY price is heading

EUR/USD EUR/USD is trading close to 1.0600, holding its recovery gains early Europe this Thursday. The pair is looking to find its feet amid a minor positive shift in the risk sentiment after Credit Suisse’s liquidity improvement plan. Eyes on ECB rate hike decision for fresh trading direction.  GBP/USD GBP/USD is in a consolidative phase in early Asian trading hours on Thursday amid reports suggesting that the Bank of England (BoE) is in emergency talks as the Credit Suisse crisis worsens following the Swiss National

EUR/USD EUR/USD is retreating toward 1.0700 in early Europe. The US Dollar is finding its feet amid increased odds of a 25 bps March Fed rate hike. Meanwhile, fears calm over the SVB fallout but EUR/USD fails to capitalize ahead of Eurozone and US data.  GBP/USD GBP/USD is trading modestly flat at around 1.2150 in the early European morning. Risk tone remains calmer amid the ebbing US banking crisis while the US Dollar attempts a bounce on higher Treasury bond yields UK

EUR/USD EUR/USD s gauging a cushion near the 1.0700 mark in the early European morning. The pair has corrected from near 1.0740 after exhaustion in the upside momentum. The major is likely to remain on the tenterhooks ahead of the US inflation data.  GBP/USD GBP/USD is keeping losses under the 1.2200 level in early Europe. Investors turn cautious and flock to safety in the US Dollar ahead of the all-important US CPI data. The UK employment data remains in immediate focus for Cable traders.  USD/JPY USD/JPY rebounded after

EUR/USD EUR/USD is holding strong gains above 1.0700 in early Europe. Risk recovery weighs on the safe-haven US Dollar amid renewed dovish Fed bets. US regulators’ efforts to tame financial markets risk from SVB, Signature Bank favor risk profile. US CPI next of note.  GBP/USD GBP/USD takes the bids to refresh a three-week high above 1.2100 during early Monday morning in Europe. It should be noted that the multiple catalysts including the UK jobs report and the US inflation data highlight this week an important one for

EUR/USD EUR/USD is treading water just below the 1.0600 mark ahead of the European open. The pair is defending minor gains amid a rebound in the US Dollar, as risk sentiment sours ahead of the critical US Nonfarm Payrolls data and ECB Chief Lagarde’s speech.  GBP/USD GBP/USD is recovering losses while trading above 1.1900 ahead of the UK GDP and Industrial production data. A minor recovery in the US Dollar and the risk-off market profile is capping the rebound in the GBP/USD

EUR/USD EUR/USD is holding mild gains at around 1.0550 in early Europe. The US Dollar is losing ground, despite a cautious risk tone and firmer US Treasury bond yields. Investors assess the Fed and ECB rate hike expectations. The focus shifts to the US jobs data.  GBP/USD The GBP/USD pair is juggling near 1.1850 mark in the Asian session. The Cable is gathering strength to scale above the aforementioned resistance. However, the odds are favoring for resumption of the downside. USD/JPY USD/JPY is slightly pressured and