market reports

EUR/USD The EUR/USD pair trades subduedly near 1.1777 during the Asian trading session on Friday. The major currency pair has turned sideways after a two-week-long rally to near 1.1825 as investors await the announcement of another round of talks between the United States (US) and Iran. GBP/USD GBP/USD gave up recent gains on Thursday, falling around 0.25% to settle close to 1.3525 after slipping back below the 1.3550 handle. Price drifted lower through the European and North American sessions in a steady

EUR/USD The (EUR) edges up against the US Dollar (USD) on Thursday, trading right above 1.1800 at the time of writing, on track for a nine-day rally. Hopes of a new round of negotiations between the US and Iran have prompted investors to move away from the safe-haven Dollar, propelling the pair to pre-war levels. GBP/USD The GBP/USD pair halts its advance on Wednesday and remains steady around 1.3570 as optimism about a resumption of US-Iran talks has tempered. At the same

EUR/USD EUR/USD remains flat after seven days of gains, trading around 1.1790 during the Asian hours on Wednesday. The pair may extend its gains as the US Dollar (USD) weakened amid rising optimism that the United States (US) and Iran could soon resume negotiations, boosting hopes for a deal to end the conflict and reopen the Strait of Hormuz. GBP/USD The Pound Sterling (GBP) advances on Tuesday as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same

EUR/USD The announcement of a two-week ceasefire in Iran triggered a relief rally during Wednesday’s Asian trading session that sent the safe-haven US Dollar (USD) tumbling against its main peers. The EUR/USD extended its rally from 1.1500 to hit five-week highs at 1.1697 so far. GBP/USD GBP/USD ripped higher on Tuesday as the US Dollar buckled under a wave of risk-on positioning triggered by President Trump’s announcement of a two-week ceasefire with Iran. The pair surged from the low 1.3200s into the upper

EUR/USD The EUR/USD pair ticks marginally lower around 1.1530 during the Asian trading session on Tuesday, but is broadly sideways, wobbling inside Monday’s trading range. The major currency pair consolidates while investors await Iran’s final decision on the ceasefire proposal by the United States, which has a deadline of Tuesday, 08:00 PM ET. GBP/USD GBP/USD traded flat on Monday, settling close to 1.3240 in a thin session with the UK on Easter Monday holiday. The pair bounced modestly from last week’s low near

EUR/USD The EUR/USD pair posts modest gains near 1.1520 during the early European session on Monday. The Euro (EUR) strengthens against the Greenback amid optimism about the US-Iran ceasefire. The US March ISM Services Purchasing Managers Index (PMI) report is due later on Monday.  GBP/USD The GBP/USD pair attracts some dip-buyers near the 1.3175 region during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak. Spot prices climb back above the 1.3200 mark in the last hour,

EUR/USD EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively steady amid thin liquidity conditions due to the Good Friday holiday. GBP/USD The British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support. However, price action remains subdued amid thin liquidity conditions due to the Good Friday holiday, with trading activity likely to pick

EUR/USD The EUR/USD pair holds steady around 1.1590 during the early Asian session on Thursday. Markets turn cautious ahead of US President Donald Trump’s address on the Iran war. The US weekly Initial Jobless Claims report is due later on Thursday. The US Nonfarm Payrolls (NFP) data will be in the spotlight on Friday.  GBP/USD GBP/USD posted a solid recovery on Wednesday, climbing around 0.6% to trade back above the 1.3300 level after spending much of late March pinned below that figure. The

EUR/USD EUR/USD inches higher after five days of losses, trading around 1.1480 during the Asian hours on Tuesday. Traders will likely observe the German Retail Sales and Unemployment data for February due later in the day, along with preliminary Eurozone Harmonized Index of Consumer Prices (HICP) figures for March. GBP/USD GBP/USD halts its five-day losing streak, trading around 1.3200 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair moves downwards within