market reports

EUR/USD EUR/USD has managed to hold onto its gains this week, though the move feels more like a reaction to a softer dollar than any real improvement in eurozone fundamentals. Yesterday’s German ZEW Expectations Index for November didn’t offer much optimism, continuing to signal that sentiment in Europe’s largest economy remains fragile. Interestingly, the aggregate ZEW reading for the wider eurozone ticked higher, which raises the question of whether Germany is increasingly becoming an outlier rather than the driver of broader

EUR/USD EURUSD continues to trade inside a tight consolidation range, with the chart showing clear boundaries at 1.16059 resistance and 1.15627 support. This sideways structure reflects hesitation and a lack of conviction from both buyers and sellers, especially with the U.S. CPI release being delayed once again. GBP/USD GBP/USD remains subdued for the third successive session, trading around 1.3120 during the Asian hours on Thursday. Traders await the United Kingdom (UK) flash Gross Domestic Product (GDP) data for the third quarter due later in the

EUR/USD EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook. The ECB is expected to keep interest rates unchanged for now, backed by steady economic performance and inflation near target. GBP/USD GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair

EUR/USD EUR/USD edges lower after four days of gains, trading around 1.1560 during the Asian hours on Tuesday. The pair holds losses as the US Dollar (USD) gains support amid growing hopes that the US government shutdown resolution is nearing. The US Senate passed a funding bill in a 60–40 vote, effectively ending the 41-day shutdown, with eight Democrats joining Republicans to advance the measure, which now moves to the House for approval. GBP/USD The UK jobs report may reinforce the expectations

EUR/USD EUR/USD reverses course and grinds higher above 1.1550 in the European session on Monday. The pair recovers ground as risk sentiment improves on potential US government reopening, which caps the upside in the safe-haven US Dollar. Eurozone Sentix data and US shutdown updates are in focus.  GBP/USD The GBP/USD pair loses traction to near 1.3150, snapping the three-day losing streak during the early Asian session on Monday. The US Dollar (USD) strengthens against the Pound Sterling (GBP) amid positive signs that

EUR/USD The EUR/USD pair holds onto Thursday’s gains around 1.1540 during the late Asian trading session on Friday. The major currency pair exhibits strength as the US Dollar (USD) faces selling pressure due to renewed United States (US) labor market concerns. GBP/USD GBP/USD edges lower around 1.3120 during Asian hours on Friday, after rising 1% over the past two sessions. The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November. USD/JPY The USD/JPY pair slumps

EUR/USD The EUR/USD pair gains traction to around 1.1505 during the Asian trading hours on Thursday. Improved risk sentiment provides some support to the riskier assets such as the Euro (EUR). Traders brace for German Industrial Production and Eurozone Retail Sales later on Thursday. GBP/USD GBP/USD extends its gains for the second successive session, trading around 1.3060 during the Asian hours on Thursday. The pair holds gains as the Pound Sterling (GBP) receives support ahead of the Bank of England’s (BoE) interest rate decision

EUR/USD EUR/USD halts its five-day losing streak, trading around 1.1490 during the Asian hours on Wednesday. The currency cross inches higher as the Euro (EUR) receives support as traders expect the European Central Bank (ECB) to adopt a cautious stance in its upcoming policy meeting. GBP/USD The GBP/USD pair posts modest gains near 1.3025 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). However, the potential upside for the major pair might be limited, as UK Finance

EUR/USD EUR/USD extends its losing streak for the fifth successive session, trading around 1.1510 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains support amid cautious sentiment over the US Federal Reserve (Fed) policy stance for December. GBP/USD GBP/USD has managed to keep pumping the brakes at the outset of another trading week, finding enough friction to hold off on further declines as price action toys with the 1.3150 level. A technical rebound has yet to materialize,

EUR/USD EUR/USD edges lower and continues its losing streak for the fourth successive session, trading around 1.1530 during the Asian hours on Monday. The pair remains subdued as the US Dollar (USD) receives support from dampening expectations for a December rate cut by the US Federal Reserve (Fed), following the central bank’s decision to lower its benchmark overnight borrowing rate for the second time this year to a range of 3.75%-4.0%. GBP/USD The GBP/USD pair remains depressed below mid-1.3100s at the start of