market reports

EUR/USD EUR/USD is retreating from two-month highs near 1.0950 in the European morning on Friday. The pair rallied on Thursday, bolstered by prospects of movement from the ECB and an easing US Dollar on the back of a dovish tone from Fed Chair Jerome Powell. US NFP coming up next.  GBP/USD GBP/USD seems to continue its winning streak that began on March 1, hovering around 1.2810 during the Asian session on Friday. The GBP/USD pair receives upward support as the US Dollar faces challenges on improved risk appetite amid

EUR/USD EUR/USD remains steady around 1.0900 during the Asian session on Thursday, retracing slightly from its six-week high of 1.0915 reached in the prior session following dovish remarks by Fed Chair Jerome Powell during his testimony before the House Financial Services Committee. GBP/USD The GBP/USD pair breaks above the 1.2700 barrier and trades around 1.2735 during the Asian session on Thursday. The uptick of the major pair is bolstered by the weaker US Dollar and encouraging news from the UK Spring Budget. USD/JPY Rumors that the Bank of

EUR/USD EUR/USD is picking up fresh bids above 1.0850 in European trading on Wednesday, as the US Dollar licks its wounds amid a cautiously optimistic market mood ahead of Fed Chair Powell’s testimony and US jobs data. EU Retail Sales report is eyed as well.  GBP/USD GBP/USD retraces daily losses and seems to continue its winning streak, hovering around 1.2700 during the Asian trading session before the UK Chancellor Jeremy Hunt’s Budget Report on Wednesday.  USD/JPY The USD/JPY lost traction during the late-North American session, edged down

EUR/USD The EUR/USD pair struggles to capitalize on its strong gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Tuesday. Spot prices trade around mid-1.0800s, nearly unchanged for the day and just below a one-week high touched on Monday. GBP/USD GBP/USD trades on a softer note around 1.2685 during the early European session on Tuesday. The major pair edges lower amid the modest recovery of the US Dollar. February’s labor market report

EUR/USD EUR/USD is holding gains near 1.0850 in Asian trading on Monday. The US Dollar is finding its feeling, as Asian markets trade mixed and fuel a sense of caution. Investors remain unnerved ahead of a big week, with ECB rate decision and Powell’s testimony in focus.  GBP/USD The GBP/USD pair builds on Friday’s goodish rebound from the 1.2600 round figure, or a one-and-half-week trough and gains some positive traction for the second successive day on Monday. The momentum lifts spot prices

EUR/USD EUR/USD holds positive ground near 1.0811 during the early European session on Friday. The major pair recovers despite the renewed US Dollar demand. Market players will take more cues from the Eurozone inflation data due later in the day. GBP/USD The GBP/USD pair attracts some buying during the early European trading hours on Friday and for now, seems to have snapped a two-day losing streak to a one-week low, around the 1.2615-1.2610 region touched the previous day.  USD/JPY The USD/JPY trades with losses below the Tenkan-Sen

EUR/USD EUR/USD is trading sideways above 1.0800 in the European morning on Thursday. The pair stays underpinned by the renewed US Dollar weakness. But further upside remains elusive ahead of the key inflation data from Germany and the US.  GBP/USD The GBP/USD pair builds on the previous day’s goodish rebound from the weekly low and attracts some follow-through buying during the Asian session on Thursday. Spot prices currently trade above mid-1.2600s and draw support from a modest US Dollar (USD) downtick, though

EUR/USD EUR/USD is grinding lower toward 1.0800 in early European morning on Wednesday. The extended recovery in the US Dollar amid a deterioration in risk sentiment is weighing on the pair, as the focus shifts to a data-packed day ahead.  GBP/USD GBP/USD is testing lows near 1.2650 in early Europe on Wednesday. The US Dollar is building its recovery gains amid a cautious mood, ignoring negative US Treasury bond yields. Traders refrain from risk-sensitive assets such as the Pound Sterling ahead of

EUR/USD EUR/USD is trading better bid near 1.0850 in the European morning on Tuesday. The pair stays supported amid a broadly subdued US Dollar and hawkish comments from ECB President Lagarde. The focus now shifts to the high-impact US economic data.  GBP/USD GBP/USD is keeping its range trade intact below 1.2700 early Tuesday. A softer US Dollar and a cautious market mood are contributing to the bull-bear tug-of-war, as traders await the speeches from the BoE and the Fed policymakers alongside the

EUR/USD EUR/USD trades in a tight range above 1.0800 early Monday. The US Dollar attracts fresh haven demand amid geopolitical tensions-led risk-averse markets. China’s spate with Taiwan and the US sap investors’ confidence. Lagarde’s speech and US data are next in focus.  GBP/USD GBP/USD has managed to defend the 1.2650 level in early European morning on Monday, even as the US Dollar recovers ground on the back of a risk-off market mood. Traders now look forward to BoE Chief Economist Huw Pill’s