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InterstellarFX

About InterstellarFX

This author InterstellarFX has created 450 entries.

18.01.2023 Market Report

EUR/USD EUR/USD stays on the bear’s radar as it slides to 1.0770 during the four-day south-run heading into Wednesday’s European session. In doing so, the major currency pair bears the burden of the broad US Dollar rebound, as well as receding hawkish bias over the European Central Bank’s (ECB) next move. GBP/USD Pound Sterling has been outperforming other risk-perceived currencies this week as rising wages in the United Kingdom region are passing all checks for a continuation of sheer policy tightening by

17.01.2023 Market Report

EUR/USD EUR/USD is in a rangebound territory as solid yields are weighing on risk-perceived currencies. The release of the US PPI will provide more cues about inflation projections. According to Bloomberg’s poll, the ECB is expected to find an interest rate peak at 3.25%. GBP/USD GBP/USD struggles for clear directions after reversing from a one-month high the previous day, making rounds to 1.2200 heading into Tuesday’s London open. In doing so, the Cable pair fall short of portraying the price-negative headlines surrounding

16.01.2023 Market Report

EUR/USD EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. GBP/USD GBP/USD has started a new week with a bang, extending the previous week’s uptrend into the third straight day on Monday. Pound Sterling bulls benefit from a broadly weaker

13.01.2023 Market Report

EUR/USD EUR/USD retreats from a nine-month high toward 1.0800 amid a light EU calendar on Friday. The currency pair remains on the back foot, as the US Dollar recover alongside US Treasury yields following the US inflation data-led blow. US Consumer Sentiment data eyed.  GBP/USD GBP/USD is trading close to 1.2200, entering an upside consolidative mode ahead of the key UK GDP and industrial data early Friday. Broad-based US Dollar rebound amid mixed markets and a renewed uptick in the Treasury yields weighs on

12.01.2023 Market Report

EUR/USD EUR/USD is extending its bullish momentum toward 1.0800, awaiting the all-important US CPI data on Thursday. The pair capitalizes on hawkish ECB commentary while the US Dollar licks its wounds amid weaker US Treasury bond yields.  GBP/USD GBP/USD has been stuck in a tight pre-US Consumer Price Index red calendar event range in Asia of between 1.2132 and 1.2165. The bears have been in control for the most part within a choppy phase of consolidation below the initial balance highs for

11.01.2023 Market Report

EUR/USD EUR/USD is juggling in a tight range around 1.0750 ahead of the European open. The US Dollar resumes decline alongside the Treasury bond yields amid a better market mood. Range-play could likely extend ahead of Thursday’s critical US inflation data.  GBP/USD GBP/USD is rising above 1.2150 heading into Wednesday’s London open, investors stay on the sidelines ahead of Thursday’s US inflation data. Risk flows dominate and weigh down on the safe-haven US Dollar.   USD/JPY USD/JPY picks up bids to 132.45 during early Wednesday’s sluggish trading

10.01.2023 Market Report

EUR/USD EUR/USD dribbles between 1.0720 and 1.0745 so far during early Tuesday as traders await more clues to extend the latest north-run. The major currency pair seesaws around the highest levels since June 2022 as bulls run out of steam as the US Dollar rebounds on doubts over the previous risk-on mood, as well as due to a rebound in the US Treasury yields. GBP/USD GBP/USD is facing stubborn barricades around 1.2200 as anxiety soars ahead of Fed Powell’s speech. The US

09.01.2023 Market Report

EUR/USD EUR/USD is holding on to the upside below 1.0700 in the early European trades. The pair is taking advantage of the extended weakness in the US Dollar amid hopes of a dovish Fed pivot and China’s reopening optimism. Eurozone data awaited.  GBP/USD GBP/USD is trading with sizeable gains at around 1.2150 amid risk-on impulse ahead of the London open. Broad US Dollar weakness is underpinning the pair, as investors assess Fed rate hike expectations and BOE policymaker Mann’s comments on inflation.  USD/JPY The USD/JPY pair surrendered

05.01.2023 Market Report

EUR/USD The EUR/USD pair witnessed selling pressure after failing to surpass the crucial mark of 1.0630. The major currency pair has slipped to near the round-level mark of 1.0600 as the risk appetite of the market participants has trimmed. S&P500 futures have surrendered half of their Wednesday’s recovery as anxiety among market participants is accelerating ahead of the United States Nonfarm Payrolls (NFP) data. GBP/USD The GBP/USD pair is displaying topsy-turvy moves around 1.2050 in the Asian session. The Cable asset has turned sideways as

04.01.2023 Market Report

EUR/USD EUR/USD is rebounding toward 1.0600 amid a broad US Dollar retreat. Hawkish ECB-speak power the Euro amid weak US Treasury yields. EUR/USD is not out of the woods yet amid a symmetrical triangle breakdown. GBP/USD GBP/USD has turned sideways below 1.2000 as investors await US ISM PMI data for fresh cues. Cable is defending mild gains, as the US Dollar retreat amid a broad sell-off in the US Treasury yields amid a cautiously optimistic mood. Fed Minutes also eyed.  USD/JPY USD/JPY is on the