market reports

EUR/USD EUR/USD is extending its struggle below 1.0800 in the European session on Friday. The pair lacks any clear directional impetus amid a cautious mood and a steady US Dollar. Focus shifts to the US CPI revisions, ECB- and Fedspeak for fresh trading incentives.  GBP/USD The GBP/USD struggles to capitalize on the previous day’s goodish bounce of around 50 pips from the 1.2570 region and oscillates in a narrow band during the early European trading hours on Friday. Spot prices trade near the top end of the

EUR/USD EUR/USD sustains this week’s recovery move below 1.0800 early Thursday. The upside in the pair is sponsored by a modest US Dollar weakness but traders turn cautious ahead of the ECB Bulletin and a host of central banks’ speeches.  GBP/USD GBP/USD is paring back gains toward 1.2600 in European trading on Thursday. The pair stalls its winning streak, as the US Dollar finds its feet amid a mixed market sentiment. Traders await speeches from the BoE and Fed officials for fresh cues on

EUR/USD EUR/USD hovers around 1.0830 during the early European session on Tuesday after trimming its intraday gains. The pair grapples to recover the losses registered in the previous session. The significant level at 1.0850 may act as immediate resistance for the pair. GBP/USD The GBP/USD pair remains confined in a narrow trading range above the 1.2700 mark during the early European trading hours on Tuesday. Investors prefer to wait on the sidelines ahead of key events from the Fed and the BoE. USD/JPY The USD/JPY pair remains at the

EUR/USD EUR/USD trades on the defensive below 1.0850 in Asian trading on Monday. The pair’s downbeat tone is supported by renewed US Dollar demand amid rising geopolitical tension in the Middle East. Investors stay unnerved ahead of a Big week.  GBP/USD GBP/USD struggles for a firm near-term direction and oscillates in a familiar trading range. Reduced bets for an early BoE rate cut underpin the GBP and lend some support to the pair. Spot prices trade around the 1.2700 mark, nearly unchanged for

EUR/USD EUR/USD holds its position near 1.0850 during the early European session on Friday, following a backslide in the previous session. Additionally, the better-than-expected US GDP data helped the US Dollar to mark profits on Thursday, acting as a headwind for the pair. GBP/USD The GBP/USD pair struggles to gain any meaningful traction on Friday and oscillates in a narrow trading band, just above the 1.2700 mark. Spot prices, meanwhile, remain well within the striking distance of a nearly two-week high touched on Wednesday. USD/JPY USD/JPY trims some of its intraday

EUR/USD EUR/USD gathered bullish momentum and advanced to the 1.0930 area on Wednesday. With the US Dollar (USD) staging a rebound later in the day, the pair erased a large portion of its daily gains and returned below 1.0900. Investors await the European Central Bank’s (ECB) policy announcements and high-tier data releases from the US. GBP/USD GBP/USD experiences a downward trend, following the pullback from a recent two-week high at 1.2774 on Wednesday. During the European session on Thursday, the pair trades

EUR/USD The EUR/USD trades on a stronger note during the early European session on Wednesday. The major pair has flirted with the weekly lows of 1.0821 and rebounded to 1.0862. However, the potential upside seems limited as investors turn cautious ahead of the ECB interest rate decision on Thursday.  GBP/USD GBP/USD recovers its recent gains, trading higher near 1.2690 during the early European hours on Wednesday. The psychological level at 1.2700 appears as the immediate resistance followed by the weekly high of 1.2747 aligned with the

EUR/USD EUR/USD edges higher to near 1.0890 during the early European session on Tuesday. The pair consolidates due to the uncertainty over the uncertainty over the timing of a potential interest rate cut by the European Central Bank (ECB).  GBP/USD GBP/USD moves on an upward trajectory for the second successive session on Tuesday, inching higher to near 1.2740. The expectations of a status quo in the BoE’s monetary policy contribute to the positive performance of the Pound Sterling, which underpins the pair. USD/JPY The USD/JPY pair trades

EUR/USD EUR/USD extends its gains on the second successive day, trading around 1.0910 during the early European hours on Monday. The pair receives upward support on an improved risk appetite sentiment ahead of the ECB’s January monetary policy meeting scheduled to be released on Thursday. GBP/USD GBP/USD kicks off the new week on a positive note, trading near 1.2722 during the early Monday. The rebound of the major pair is bolstered by the risk-on environment. However, the rising tension in the Red Sea might

EUR/USD EUR/USD is holding steady below 1.0900 in European trading on Friday. A modest uptick in the US Dollar alongside the US Treasury bond yields, amid a cautious mood, is weighing on the pair. ECB Lagarde’s speech and US data awaited.  GBP/USD GBP/USD is dropping toward 1.2650, under intense selling pressure after the UK Retail Sales dropped more than expected in December. The pair is also feeling the heat from a pause in the US Dollar decline, as sentiment remains tepid ahead of top-tier US data,