market reports

EUR/USD EUR/USD consolidates near two-month lows below 1.0550, extending the previous downside in early Europe. The pair remains weighed down by Fed Chair Powell’s hawkish rhetoric-led broad-based US Dollar strength. German data eyed ahead of US jobs report.  GBP/USD GBP/USD is holding steady below 1.1850, licking its wounds near 2023 lows in the early European morning. Hawkish Fed Chair Powell’s comments-led risk aversion is limiting the upside in the pair amidst broadly stronger US Dollar and Treasury yields. US data awaited.  USD/JPY The USD/JPY pair has scaled

EUR/USD EUR/USD is keeping its range play intact below 1.0700 in the early European morning. The pair is helped by a cautiously optimistic market mood. Traders give up on the US Dollar amid weaker US Treasury yields ahead of Fed Chair Powell’s testimony.  GBP/USD GBP/USD is trading close to 1.2050, sustaining the rebound ahead of the London open. Renewed Brexit concerns, as DUP seeks consultation on the post-Brexit deal, could limit the upside in the pair, despite a broadly weaker US Dollar. Powell’s

EUR/USD EUR/USD is extending gains to near 1.0660 early Monday, underpinned by renewed US Dollar weakness. Markets shrug off disappointing China’s GDP growth target, as they adjust their positions ahead of a busy week. Eurozone Sentix and Retail Sales data coming up next.  GBP/USD GBP/USD is trading on the back foot below 1.2050 in the early European morning. The pair fails to benefit from a broadly subdued US Dollar, as the market sentiment remains mixed and Brexit optimism fades. US economic data and Powell’s

EUR/USD EUR/USD has scaled back above 1.0600 in early Europe this Friday. The pair is helped by a broad-based US Dollar weakness amid retreating US Treasury bond yields and an upbeat mood. The Euro finds demand from hawkish ECB commentary. US ISM PMI data eyed.  GBP/USD GBP/USD is extending the rebound toward 1.2000 in the early European morning. A better risk profile combined with a broadly weaker US Dollar is aiding the renewed upside in the pair. UK Final Services PMI and US

EUR/USD The EUR/USD pair is on the verge of delivering a sheer downside move as it is looking vulnerable below the critical support of 1.0660. The downside bias in the major currency pair is backed by soaring US Treasury yields. GBP/USD GBP/USD bears attack the 1.2000 psychological magnet during a three-day downtrend amid fresh challenges for the Brexit deal and a rally in the US Treasury bond yields. However, the market’s lack of action heading into Thursday’s London open appears to restrict the Cable pair’s

EUR/USD EUR/USD is trading close to 1.0600, holding the latest upside heading into Wednesday’s European session. The pair is benefiting from the hawkish ECB expectations and a mixed performance in the US Dollar. All eyes remain on German inflation and US PMIs.  GBP/USD GBP/USD is extending the rebound to test 1.2050 in the early European morning. A recovery in risk sentiment on upbeat Chinese PMIs is helping the Pound Sterling following the Brexit deal optimism. The US Dollar remains sidelined ahead of the

EUR/USD EUR/USD is holding a lower ground below 1.0600 in early Europe. The pair has stalled its recovery amid resurgent US Dollar demand, as risk sentiment turns sour. ECB official Lane joined the chorus for a 50 bps rate hike in March. US data is next in focus.  GBP/USD GBP/USD is trading under pressure toward 1.2000, as Brexit deal-inspired optimism fades heading into Tuesday’s London open. The US Dollar rebound amid a negative shift in the market’s risk perception is weighing on the

EUR/USD EUR/USD seeks clear directions as it seesaws within a 25-pip trading range during early Friday, easing to 1.0600. The major currency pair portrays the market’s anxiety ahead of the key data/events, while also struggling to justify the mixed geopolitical headlines surrounding Ukraine. GBP/USD GBP/USD picks up bids to reverse the early Asia losses, despite failing to gain traction above 1.2000. That said, the Cable pair seesaws around 1.2020-25 during Friday morning, following a two-day downtrend. USD/JPY USD/JPY remained in vigorous action in the Asian session

EUR/USD EUR/USD is holding a rebound above 1.0600 in the early European morning. Investors remain on the edge amid hawkish Fed and ECB rate hike expectations, awaiting a fresh batch of the Eurozone and US economic data for a fresh trading direction.  GBP/USD GBP/USD is advancing above 1.2050 in early Europe. A broad-based US Dollar pullback amid a mixed market sentiment is lending support to the pair. Brexit-related news and US data are in focus after Brexit deal talks stalled on Wednesday.  USD/JPY USD/JPY retreats to 134.80

EUR/USD EUR/USD extends pullback from intraday high to 1.0650 during the first positive day in three amid the early Wednesday. The Euro pair’s initial gains could be linked to the US Dollar’s retreat amid a cautious mood ahead of the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes.  GBP/USD The GBP/USD pair is building the auction platform above the 1.2100 mark in the Asian session. The Cable is getting some strength as the risk appetite of the market participants is improving gradually. USD/JPY USD/JPY bulls take a