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InterstellarFX

About InterstellarFX

This author InterstellarFX has created 467 entries.

30.01.2023 Market Report

EUR/USD EUR/USD treads water around 1.0870-60 as markets remain on a dicey floor ahead of the key central bank meetings and data. Adding strength to the market’s indecision could be the return of China and fears of a softer growth number from Germany. GBP/USD The GBP/USD pair has refreshed its day’s high at 1.2405 in the early European session. The Cable has picked up strength as the US Dollar Index (DXY) has turned extremely volatile amid chatters over the interest rate decision

27.01.2023 Market Report

EUR/USD EUR/USD is trading under pressure below 1.0900 in early Europe, as the US Dollar recovers weekly losses ahead of the US PCE inflation data this Friday. Investors look to reposition, with eyes on the Fed and ECB policy announcements next week.  GBP/USD GBP/USD sellers flirt with 1.2400, after failing to cross the 1.2430 hurdle, as cautious mood ahead of the key US data joins mixed updates from the UK to push back the previous bullish bias surrounding the Cable pair. USD/JPY USD/JPY prints mild

26.01.2023 Market Report

EUR/USD EUR/USD is holding steady above 1.0900 in the early European morning. The US Dollar consolidates near multi-month lows amid weaker Treasury yields and a cautious risk tone. Investors refrain from placing fresh bets on EUR/USD ahead of the critical US GDP release.  GBP/USD GBP/USD is struggling to extend the previous gains at around 1.2400 heading into Thursday’s London open. The US Dollar is licking its wound alongside weaker US Treasury yields amid dovish Fed bets and pre-US GDP anxiety.  USD/JPY As the USD/JPY pair

25.01.2023 Market Report

EUR/USD EUR/USD is holding higher ground near 1.0900 in the early European morning this Wednesday. The pair is taking advantage of a subdued US Dollar and sluggish Treasury bond yields, as investors stay wary ahead of Thursday’s US Q4 GDP. Germany’s IFO coming up next.  GBP/USD GBP/USD is holding steady above 1.2300 heading into Wednesday’s London open. The US Dollar licks its wounds amid broad risk aversion and muted US Treasury yields, lending some support to the GBP/USD pair.  USD/JPY USD/JPY floats above 130.00,

24.01.2023 Market Report

EUR/USD EUR/USD is holding onto the latest gains below 1.0900 in the early European morning. The pair is capitalizing on broad US Dollar weakness amid a better mood and sluggish Treasury yields. Hawkish ECB-speak underpins the Euro ahead of EU PMis.  GBP/USD GBP/USD keeps its range below 1.2400, as bulls take a breather ahead of the key UK activity data. The renewed Brexit concerns and UK political jitters remain a drag on the Pound Sterling. The renewed US Dollar weakness keeps the downside

20.01.2023 Market Report

EUR/USD EUR/USD grinds lower around the intraday bottom as it pares the daily, as well as weekly, gains around the highest levels since April 2022 heading into Friday’s European session. GBP/USD The pair is displaying back-and-forth moves below 1.2400 in the Asian session. The Cable has turned sideways as investors are awaiting the release of the United Kingdom Retail Sales data for fresh impetus. USD/JPY The USD/JPY pair attracts some buyers on the last day of the week and steadily climbs back above the 129.00 mark during the

19.10.2023 Market Report

EUR/USD EUR/USD is moving back and forth in a tight range of around 1.0800 in early Europe. The pair is supported by falling US Treasury yields, which are weighing on the US Dollar amid looming recession fears. Traders await ECB Lagarde’s speech and policy accounts for a clear direction.  GBP/USD The GBP/JPY cross extends the previous day’s retracement slide from the 161.50 region, or a three-week high and remains under heavy selling pressure on Thursday. Spot prices snap a three-day winning streak and drop

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