2月22
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2月22
EUR/USD EUR/USD extends pullback from intraday high to 1.0650 during the first positive day in three amid the early Wednesday. The Euro pair’s initial gains could be linked to the US Dollar’s retreat amid a cautious mood ahead of the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes. GBP/USD The GBP/USD pair is building the auction platform above the 1.2100 mark in the Asian session. The Cable is getting some strength as the risk appetite of the market participants is improving gradually. USD/JPY USD/JPY bulls take a
2月21
EUR/USD The EUR/USD pair has slipped to near 1.0660 in the Asian session as the risk appetite of the market participants has trimmed ahead of the global PMI figures. Investors are worried that higher interest rates by the majority of central banks in taming the stubborn inflation have impacted the scale of economic activities. GBP/USD GBP/USD lacks follow-through as it prints mild losses around 1.2020 heading into Tuesday’s London open, flirting with an intraday low by the press time. In doing so, the Cable pair
2月20
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2月20
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2月20
EUR/USD EUR/USD is attempting a recovery to test 1.0700 in the early European morning. The pair is looking to reclaim the 1.0700 level as the risk aversion theme has lost its traction, limiting the renewed upside in the US Dollar. Thin trading to continue amid a US holiday. GBP/USD GBP/USD is rebounding toward the 1.2050 region amid a risk recovery in early Europe. The divergent BoE-Fed policy outlook and looming geopolitical risks could act as a headwind to the pair. Meanwhile, the US Dollar consolidates its recovery
2月17
EUR/USD EUR/USD is dropping toward 1.0600, at its lowest level in six weeks in early Europe this Friday. The pair is undermined by a broadly firmer US Dollar amid rallying US Treasury bond yields and risk aversion. ECB and Fed speeches eyed. GBP/USD GBP/USD stands on slippery grounds near 1.1950 in the early European morning. Expectations of weak UK Retail Sales data and broad-based US Dollar strength are weighing negatively on the currency pair. USD/JPY The USD/JPY pair regains positive traction following the previous day’s modest downtick
2月16
EUR/USD The EUR/USD pair attracts some buying during the Asian session on Thursday and recovers a part of the previous day’s losses. The pair is currently placed just above the 1.0700 round figure, up around 0.20% for the day. GBP/USD GBP/USD seesaws around the intraday high of 1.2044 as it pares the previous day’s heavy losses during sluggish early hours of trading on Thursday. That said, the Cable pair dropped the most in a fortnight the previous day after the UK data poured cold water
2月15
EUR/USD EUR/USD is holding lower ground, closing in on 1.0700 in Wednesday’s early European hours. The pair’s weakness could be linked to the US Dollar’s broad gains, backed by the risk-off mood despite the sluggish Treasury yields. Eyes on US Retail Sales and Lagarde’s speech. GBP/USD GBP/USD is treading water around 1.2150 in early Europe. The pair is weighed down by the resurgent US Dollar demand amid risk aversion. All eyes turn toward the UK CPI data, which is seen easing to 10.3%
2月14
EUR/USD The EUR/USD pair refreshed its day’s high around 1.0730 and is hovering around it continuously in the Tokyo session. The major currency pair is expected to continue its upside momentum as the US Dollar Index (DXY) is struggling to place feet ahead of the United States Consumer Price Index (CPI) data. GBP/USD GBP/USD bulls take a breather around mid-1.2100s heading into Tuesday’s London open, after posting the biggest daily jump in a month. In doing so, the Cable pair fails to
