market reports

EUR/USD The EUR/USD pair has slipped to near 1.0660 in the Asian session as the risk appetite of the market participants has trimmed ahead of the global PMI figures. Investors are worried that higher interest rates by the majority of central banks in taming the stubborn inflation have impacted the scale of economic activities.  GBP/USD GBP/USD lacks follow-through as it prints mild losses around 1.2020 heading into Tuesday’s London open, flirting with an intraday low by the press time. In doing so, the Cable pair

EUR/USD EUR/USD is attempting a recovery to test 1.0700  in the early European morning. The pair is looking to reclaim the 1.0700 level as the risk aversion theme has lost its traction, limiting the renewed upside in the US Dollar. Thin trading to continue amid a US holiday.  GBP/USD GBP/USD is rebounding toward the 1.2050 region amid a risk recovery in early Europe. The divergent BoE-Fed policy outlook and looming geopolitical risks could act as a headwind to the pair. Meanwhile, the US Dollar consolidates its recovery

EUR/USD EUR/USD is dropping toward 1.0600, at its lowest level in six weeks in early Europe this Friday. The pair is undermined by a broadly firmer US Dollar amid rallying US Treasury bond yields and risk aversion. ECB and Fed speeches eyed.  GBP/USD GBP/USD stands on slippery grounds near 1.1950 in the early European morning. Expectations of weak UK Retail Sales data and broad-based US Dollar strength are weighing negatively on the currency pair.  USD/JPY The USD/JPY pair regains positive traction following the previous day’s modest downtick

EUR/USD The EUR/USD pair attracts some buying during the Asian session on Thursday and recovers a part of the previous day’s losses. The pair is currently placed just above the 1.0700 round figure, up around 0.20% for the day. GBP/USD GBP/USD seesaws around the intraday high of 1.2044 as it pares the previous day’s heavy losses during sluggish early hours of trading on Thursday. That said, the Cable pair dropped the most in a fortnight the previous day after the UK data poured cold water

EUR/USD EUR/USD is holding lower ground, closing in on 1.0700 in Wednesday’s early European hours. The pair’s weakness could be linked to the US Dollar’s broad gains, backed by the risk-off mood despite the sluggish Treasury yields. Eyes on US Retail Sales and Lagarde’s speech.  GBP/USD GBP/USD is treading water around 1.2150 in early Europe. The pair is weighed down by the resurgent US Dollar demand amid risk aversion. All eyes turn toward the UK CPI data, which is seen easing to 10.3%

EUR/USD The EUR/USD pair refreshed its day’s high around 1.0730 and is hovering around it continuously in the Tokyo session. The major currency pair is expected to continue its upside momentum as the US Dollar Index (DXY) is struggling to place feet ahead of the United States Consumer Price Index (CPI) data.  GBP/USD GBP/USD bulls take a breather around mid-1.2100s heading into Tuesday’s London open, after posting the biggest daily jump in a month. In doing so, the Cable pair fails to

EUR/USD EUR/USD is consolidating losses below 1.0700 in the early European morning. The currency pair is feeling the pull of gravity amid a broadly firmer US Dollar and a risk-off marker profile. Investors remain unnerved amid US-Sino woes and pre-US CPI anxiety.  GBP/USD GBP/USD clings to mild gains near 1.2050 heading into Monday’s London open as traders brace for this week’s key data from the UK and the US. Also exerting downside pressure on the Cable pair is the risk-off mood and the

EUR/USD EUR/USD is holding lower ground, heading toward 1.0700 in the early European morning. Risk sentiment remains in a weaker spot, allowing the US Dollar pullback to gain momentum. The focus remains on the EU economic forecasts and US sentiment data.  GBP/USD GBP/USD stays under modest bearish pressure and trades at around 1.2100. The data from the UK showed on Friday that the GDP contracted by 0.5% on a monthly basis while staying stagnant in the fourth quarter, not allowing Pound Sterling to

EUR/USD EUR/USD has delivered a range extension above 1.0730 in the early European session after a recovery move from around 1.0710. The major currency pair has picked strength as the risk aversion theme has faded after investors digest the hawkish guidance from Federal Reserve (Fed) policymakers. GBP/USD The GBP/USD pair edges higher for the third successive day on Thursday, though remains below the 1.2100 mark through the Asian session. The uptick is sponsored by subdued US Dollar demand which has been struggling to capitalize

EUR/USD EUR/USD is oscillating in a narrow range above 1.0700 ahead of the European open. Investors digest the latest comments from US President Joe Biden and Fed Chair Powell. The US Dollar remains on the back foot with yields ahead of Fedspeak.  GBP/USD GBP/USD is trading at around 1.2050, consolidating the renewed uptick heading into Wednesday’s London open. The Cable pair justifies broad-based US Dollar softness amid a mixed market mood and sluggish US Treasury bond yields. A quiet calendar ahead.  USD/JPY The USD/JPY pair has sensed a buying