InterstellarFX

EUR/USD EUR/USD is trading on the defensive above 1.0900 in early European trading hours on Wednesday. The pair is undermined by a cautious market environment and a steady US Dollar, as geopolitical tensions and prudence ahead of Thursday’s US inflation data persist.  GBP/USD GBP/USD is struggling near 1.2700 in the European morning on Wednesday. A risk-off market mood and the latest US Dollar upswing weigh on the pair, as traders look to BoE Governor Bailey’s testimony later in the day.  USD/JPY The USD/JPY posted decent gains late

EUR/USD EUR/USD is trading close to 1.0950, struggling in European trading on Tuesday. The US Dollar attempts to tepid recovery, as markets turn cautious amid a lack of clarity on the Fed’s policy outlook. Mid-tier US data and Fedspeak awaited.  GBP/USD GBP/USD is heading back toward 1.2700, having failed to sustain above 1.2750 in early Europe on Tuesday. A souring market mood and renewed US Dollar demand are weighing on the pair. Risk sentiment and the Fed expectations will continue to lead the way.  USD/JPY The

EUR/USD The EUR/USD pair loses ground around 1.0935 during the early European session on Monday. The downtick of the major pair is backed by a stronger US Dollar and higher US Treasury bond yields. The US labor data on Friday cast doubt on the Federal Reserve’s rate cut expectation. GBP/USD GBP/USD halts its three-day winning streak, trading around 1.2700 psychological level during the early European hours on Monday. The GBP/USD pair seems to face a critical juncture, with the possibility of a break below

EUR/USD The EUR/USD pair trades with a positive bias for the second successive day on Friday, albeit lacks follow-through and remains confined in the previous day’s broader trading range. Spot prices hover above mid-1.0900s as traders keenly await important macro data from the Eurozone and the United States. GBP/USD GBP/USD continues its winning streak for the third successive day, trading higher around 1.2690 during the early European hours on Friday. The Pound Sterling gained ground possibly on the improved data released on Thursday from the United Kingdom (UK).  USD/JPY In

EUR/USD EUR/USD attempts to retrace its recent losses, trading near 1.0920 during the early European hours on Thursday. The pair faced downward pressure as the US Dollar strengthened, driven by a market shift towards caution amid concerns about global growth at the close of 2024. GBP/USD The GBP/USD pair fails to capitalize on the previous day’s modest recovery from the vicinity of the 1.2600 mark, or a near three-week low and oscillates in a narrow band on Thursday. Spot prices trade around the 1.2660 region,

EUR/USD EUR/USD is back in the red below 1.1050 in early Europe on Tuesday. A broad US Dollar recovery and cautious optimism are weighing on the major on the first trading day of 2024. The focus shifts to EU/ US economic data.  GBP/USD GBP/USD is posting modest gains in European trading on Tuesday, having found support just above 1.2710. The pair stands resilient to a broad US Dollar rebound and rising US Treasury bond yields amid mild market optimism. Final UK, US PMIs awaited.  USD/JPY The Japanese

EUR/USD EUR/USD is paring back gains toward 1.1050 in the late Asian session on the final trading day of 2023. The US Dollar resumes its downside amid cautious trading, as traders refrain from placing fresh bets on the major, in anticipation of the end-of-the-year flows induced volatility.  GBP/USD The GBP/USD pair trades slightly higher around 1.2740 during the Asian hours on Friday. The US Dollar attempted to halt its losing streak before the end of the year 2023, but it appears to be struggling to stay in

EUR/USD EUR/USD is holding minor bids above 1.1100, retreating from multi-month highs in European trading on Thursday. The pair’s uptrend is helped by the anticipated dovish Fed stance on the interest rate trajectory. US Jobless Claims data awaited.  GBP/USD GBP/USD is posting small gains above the 1.2800 level in early European trading hours on Thursday. The persistent US Dollar weakness on increased dovish Fed pivot bets support the pair. US Jobless Claims data eyed amid quiet markets.  USD/JPY USD/JPY continues its losing streak for the second straight session,

EUR/USD EUR/USD is oscillating in a narrow range near 1.1050 in early Europe on Wednesday. The pair is lacking a clear directional bias amid the holiday season in the final week of 2023, as the US Dollar struggles on dovish Fed expectations.  GBP/USD GBP/USD is hovering above 1.2700 in the European morning on Wednesday. Divergent monetary policy outlooks between the Fed and BoE undermine the US Dollar, keeping the pair afloat amid the year-end light trading.  USD/JPY The USD/JPY pair gains ground during the

EUR/USD EUR/USD hovers below 1.1000 level after pulling back from the three-week high at 1.1012. The pair received upward support from a less dovish tone surrounding the ECB, as compared to the elevated speculation of the Fed to ease monetary policy in the first quarter of 2024. GBP/USD GBP/USD continues to fluctuate in a narrow channel at around 1.2700 in the European morning on Friday. The data from the UK showed that Retail Sales more than expected in November. On a negative note, Q3 GDP growth got revised