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EUR/USD EURUSD is defending early gains above 1.0350 in the European session. The pair fails to find support from ECB Chief Lagarde’s comments while the US Dollar struggles alongside the Treasury yields amidst hawkish Fedspeak amid China’s reopening optimism.  GBP/USD GBPUSD is extending gains above 1.1900, as the US Dollar comes under fresh selling pressure. Investors reassess the UK’s fiscal plan on the last trading day of the week. Meanwhile, the data from the UK revealed that Retail Sales rose by 0.6% in October. USD/JPY USDJPY prints

EUR/USD EURUSD moves up and down in a tight channel below 1.0400 early Thursday while waiting for the next catalyst. October Harmonized Index of Consumer Prices will be featured in the European docket ahead of mid-tier data releases from the US and Fedspeak. GBP/USD GBPUSD has managed to erase its daily losses and turned flat on the day at around 1.1900 heading into the European session on Thursday. British Chancellor Jeremy Hunt will present the Autumn Budget to parliament later in the

EUR/USD EURUSD is finding fresh demand while eyeing 1.0400, as the US Dollar recovery fizzles on US President Biden’s denial of Russian involvement in the missile striking Poland. The Fed-ECB policy divergence remains in play ahead of the US Retail Sales and ECB Lagarde’s speech.  GBP/USD GBPUSD is defending minor bids above 1.1850, as investors turn cautious ahead of the UK inflation data. The UK CPI is expected to surge by 10.7% YoY in October. The US Dollar trades choppy amid stabilizing

EUR/USD EURUSD trades in a tight range above 1.0300 early Tuesday following Monday’s choppy action. Investors await third-quarter GDP data for the Eurozone and the ZEW sentiment survey. The US economic docket will feature October Producer Price Index figures. GBP/USD GBPUSD trades modestly higher on the day early Tuesday but stays below 1.1800. The September jobs report from the UK will be looked upon for fresh impetus ahead of the US PPI data. Meanwhile, the improving market mood helps the pair cling

EUR/USD EURUSD is trading close to 1.0300 in early Europe, undermined by a broad-based US Dollar rebound. Fed Governor Waller’s warnings lifted the US Dollar alongside the Treasury yields while a cautious tone ahead of the Xi-Biden meeting also weighs on the pair.  GBP/USD GBPUSD is holding lower ground near 1.1750, snapping a two-day uptrend in early Europe. The pair tumbles amid a decent recovery in the US Dollar, as US Treasury yields rebound on Fed Governor Waller’s remarks. Markets stay cautious ahead

EUR/USD EUR/USD is holding onto gains above 1.0200, capitalizing on a fresh risk-on wave after China cut its quarantine restrictions and flight bans. The safe-haven US Dollar resumes its post-CPI downside ahead of the Michigan Consumer Sentiment data. GBP/USD GBPUSD is recovering losses while trading at around 1.1700, awaiting the UK Q3 GDP release for fresh impetus. The US Dollar is seeing fresh supply, as risk flows return on China reopening optimism.  USD/JPY USDJPY seesaws around the intraday high near 142.50 as it consolidates the

EUR/USD EURUSD aptly portrays the market’s anxiety ahead of the key US inflation data during early Thursday. In doing so, the major currency pair fades the late Wednesday’s corrective bounce off 0.9992. It’s worth noting that the quote reversed from a two-month high the previous day amid a broad risk-off mood. GBP/USD GBPUSD takes the bids to refresh intraday high, extends bounce off 50-DMA. High hopes form UK PM Sunak underpin recovery despite pessimism surrounding British property markets and hirings. Mixed Fedspeak,

EUR/USD EURUSD remains on the back foot while eyeing 1.0050 in early European trading. The US Dollar stabilizes, awaiting clarity on the US midterm election results, with a potential Republican victory and a government gridlock. Speeches from Fed and ECB officials are next in focus.  GBP/USD GBPUSD seesaws around the mid-1.1500s during the four-day uptrend as bulls and bears jostle amid early Wednesday. While the Cable pair’s previous gains could be linked to the broad US dollar weakness, the recent anxiety in

EUR/USD EURUSD is trading close to parity, turning south amid a renewed uptick in the US Dollar. Investors remain on the sidelines in anticipation of the critical US inflation data later this week. Encouraging Eurozone Sentix data underpins the Euro ahead of the Retail Sales report.  GBP/USD The GBPUSD pair has sensed a halt in the downside trend around the 1.1500 mark in the Tokyo session. The Cable could rebound firmly ahead as recession fears in the US economy are accelerating dramatically. The

EUR/USD EURUSD is trading close to 0.9950, recovering ground amid a positive shift in risk sentiment, which is checking the US Dollar recovery. Worries over the Fed downsizing interest rates is capping any upside attempts in the dollar. Eurozone data eyed.  GBP/USD GBPUSD is bouncing back towards 1.1350, consolidating the biggest daily gains in a month. UK FinMin Hunt eyes GBP60 billion worth of tax hike and spending cuts in the Budget. Mixed US data and Fedspeak allow buyers to sneak in amid a quiet