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EUR/USD EUR/USD is retreating from 1.1300, snapping a two-day uptrend. Cautious mood revives the US dollar’s safe-haven demand, despite weaker yields. US inflation expectations recover ahead of GDP and Consumer Confidence data. Omicron news and Biden’s speech eyed as well. GBP/USD GBP/USD is back in the red on Wednesday, reversing a part of the previous day’s rebound amid a worsening market mood. USD/JPY USD/JPY pares intraday losses while bouncing off the daily low to keep the 114.00 threshold on the chart during early Wednesday. In

EUR/USD EUR/USD came under renewed bearish pressure during the European trading hours and started to edge lower toward 1.1300. The data from Germany showed that the business confidence weakened in December with the IFO Current Assessment Index declining to 96.9 from 99 in November. GBP/USD GBP/USD fell below 1.3300 with the risk-averse market environment providing a boost to the greenback. The data from the UK showed Retail Sales increased by 4.7% on a yearly basis in November following October’s contraction of 1.5%. USD/JPY USD/JPY edged

EUR/USD EUR/USD continues to push higher in the early European session on Thursday as the greenback remains on the back foot. Although the latest PMI data from the euro area came in below market expectations, the pair manages to hold in the positive territory above 1.1300 ahead of ECB’s policy announcements. GBP/USD GBP/USD regained its traction amid persistent dollar weakness and climbed to its strongest level in nearly two weeks at 1.3300 in the early European session on Thursday. The Bank of England

EUR/USD EUR/USD is trading higher above 1.1250, as the US dollar eases amid repositioning ahead of the Fed verdict. Super Thursday will be a critical day for the euro with the ECB meeting. Central bank divergence themes will be a driving force for the pair. GBP/USD GBP/USD edged higher in the early European session after the UK’s Office for National Statistics reported that the Consumer Price Index jumped to 5.1% on a yearly basis in November from 4.2% in October. This reading surpassed

EUR/USD EUR/USD is trading pressured below 1.1300, weighed down by the prospects of the EU becoming the epicentre of the new covid variant, Omicron. The US dollar catches a risk-off bid amid tepid yields, as the Fed begins its two-day monetary policy meeting. Eurozone/ US data and Omicron updates eyed. GBP/USD GBP/USD continues to trade in a relatively tight channel around 1.3200 in the early European session. The data from the UK showed that the ILO Unemployment Rate declined to 4.2% in October

EUR/USD EUR/USD remains under bearish pressure after dropping below 1.1300 and continues to push lower toward mid-1.1200s on Monday. The renewed dollar strength at the start of the week is weighing on the pair as investors gear up for the critical central bank meetings. GBP/USD The GBP/USD pair remained depressed through the early part of the European session and was last seen hovering near the daily low, around the 1.3225 region. USD/JPY USD/JPY sicks to gains near daily high, around mid-113.00s amid stronger USD/risk-on. AUD/USD The AUD/USD

EUR/USD The EUR/USD is trading low in contrast to yesterday heading into Friday’s European session, marginally below 1.1300 again. The pair is trading at 1.1285 region on the time of writing 11:00 UTC+2. Regarding traders of the Euro currency, they should take into consideration the following data releases: Inflation Rate YoY Final in Germany and Industrial Production MoM in Italy. While the speech of European Central Bank’s president today, Christine Lagarde is expected to affect the major pair. Moreover, all eyes are on U.S data

EUR/USD Heading into Thursday’s European session, the EUR/USD recovers from an intraday low to trade at 1.1335, down 0.12% near the weekly high. Traders of the Euro currency should take into consideration the Monthly Balance of Trade release in Germany. Regarding the USD, Jobless claims will be released later today by the U.S Department of Labor, which may affect the rate of USD, and also the 30-year Bond Auction and Whole Sales Inventories MoM Reports is wise to be taken into consideration by

EUR/USD Heading into Wednesday’s European session, the EUR/USD is trading high around 1.1293, up 0.20% intraday. The major currency pair benefits from the weakening of the US dollar, which is bolstered by lower Treasury yields in the absence of major catalysts. Traders of the Euro currency should keep an eye on the European Central Bank’s President, Christine Lagarde speech today which may affect interest rates in Europe.  Regarding the U.S Dollar, later today traders should expect the release of JOLTs Job Openings report which

EUR/USD Before Tuesday’s European session, the EUR/USD was trading low around 1.1285 region. Heading into the European session, it was last seen trading at 1.1288 at 10:00 UTC+2, with today’s low at 1.1276 and a high at 1.1300.   Traders of the Euro should keep an eye on the monthly ZEW Economic Sentiment Index release, which measures the level of diffusion index based on German institutional investors and analysts and may affect the currency. Regarding the U.S Dollar, traders should expect the release of Balance of Trade. Additionally,