market reports

EUR/USD EUR/USD reached 1.2000 on Wednesday after rising to 1.2082 the previous evening, marking a strong four-day rally. The pressure on the US dollar has intensified following comments from US President Donald Trump. He stated that he was not concerned about the weakening of the dollar, viewing its fall as moderate. The market interpreted this as a signal that the administration might be willing to tolerate a weaker dollar to enhance export competitiveness. GBP/USD GBP/USD depreciates after four days of gains, trading

EUR/USD EUR/USD is expected to continue its upward trajectory, closing at 1.1879. The report notes that while there is scope for further gains, the major resistance at 1.1920 is likely out of reach for now. The next support levels are identified at 1.1855 and 1.1830. UOB Group Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann notes.. GBP/USD GBP/USD caught a halting bullish step higher to open the new trading week, knocking on the 1.3700 handle for the first time

EUR/USD EUR/USD may remain subdued if the IFO Business Survey data comes out as expected amid increased safe-haven demand, still trading at a gap up. However, the Euro (EUR) may maintain its position as the Eurozone’s PMI data pointed to a soft services sector in January, maintaining the outlook of unchanged rates by the European Central Bank (ECB). Earlier releases from Germany were more encouraging, as the Services PMI beat forecasts and remained in expansionary territory, while the Manufacturing PMI improved but stayed below

EUR/USD EUR/USD edges lower after registering over 0.5% gains in the previous session, trading around 1.1740 during the Asian hours on Friday. The technical analysis of the daily chart shows that the pair remains close to the upper boundary of the descending channel pattern, suggesting a potential bullish reversal. GBP/USD The United Kingdom (UK) docket has the preliminary Purchasing Managers’ Index (PMI) data for January to be released by the S&P Global on Friday, later this session at 09:30 GMT. S&P Global Services

EUR/USD EUR/USD retreats late Wednesday during the North American session, registers losses of over 0.30% as US President Donald Trump refrained from its threats of imposing tariffs over eight European countries over discussions of Greenland. GBP/USD The GBP/USD pair gains ground to near 1.3435 during the early European session on Thursday. The Pound Sterling (GBP) edges higher against the US Dollar (USD) as UK inflation rose more than expected in December. Markets might turn cautious later in the day ahead of a

EUR/USD EUR/USD extends its gains for the third consecutive session, trading around 1.1730 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) continues to lose ground amid rising United States (US)–Greenland concerns. GBP/USD GBP/USD remains in the positive territory for the third consecutive session, trading around 1.3430 during the Asian hours on Wednesday. The pair rises as the Pound Sterling (GBP) gains support following Tuesday’s release of UK employment data for the three months to November. Employment

EUR/USD EUR/USD edges higher on Monday up by more than 0.40% as traders ditch the US Dollar as risk appetite deteriorates following Trump’s decision to escalate the US-European Union trade war amid the White House interests over Greenland. The pair trades at 1.1642 after bouncing off daily lows of 1.1576. GBP/USD GBP/USD holds ground after registering modest gains in the previous session, trading around 1.3430 during the Asian hours on Tuesday. The pair moves little as traders adopt caution ahead of labor

EUR/USD The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday. The US Dollar (USD) faces some selling pressure against the Euro (EUR) after U.S President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US markets are closed on Monday as the country observes Martin Luther King Jr. Day. GBP/USD The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday.

EUR/USD EUR/USD extends its losses for the third consecutive session, trading around 1.1640 during the Asian hours on Thursday. The pair loses ground as the US Dollar (USD) advances as a stronger-than-expected United States (US) Producer Price Index (PPI) and Retail Sales, along with last week’s easing Unemployment Rate, reinforced the case for the US Federal Reserve (Fed) to keep interest rates on hold for the coming months. Traders will likely monitor the weekly US Initial Jobless Claims report later in the

EUR/USD EUR/USD moves little after registering modest losses in the previous session, trading around 1.1650 during the Asian hours on Wednesday. The 14-day Relative Strength Index (RSI) momentum indicator, currently at 40 (below the 50 midline), signals weak momentum without indicating oversold conditions. GBP/USD The GBP/USD pair trades in negative territory around 1.3425 during the Asian trading hours on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later on