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EURO/USD Going into Tuesday’s European session, the EUR/USD is struggling to continue its recovery from a 16-month low. However, the quotation had slid to a new low since July 2020 the day before, before rebounding off 1.1359 in early Asia. GBP/USD In response to mainly favourable UK job data, the GBP/USD pair reset daily tops in the mid-1.3400s, but there was no follow-through buying. USD/JPY The USD/JPY pair built on the previous day’s positive move from the 113.75 area and gained some follow-through traction during

EURO/USD At 1.1420, the EUR/USD has hit a four-month low. On Monday, the pair appeared to have entered a consolidation period above 1.1450, but Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes the EUR/USD will resume its decline towards the 1.1366 mark. GBP/USD During Asian hours on Monday, the GBP/USD pair was trading at 1.3430, extending last week’s gains as investors seek for evidence of a Bank of England (BOE) rate hike. USD/JPY Throughout the Asian session, the USD/JPY pair seesawed between

EUR/USD EUR/USD seems to have gone into a consolidation phase a little above mid-1.1500s after dropping toward 1.1500 on Thursday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to stage a minor bounce towards the 1.1675 downtrend. GBP/USD GBP/USD suffered heavy losses following the Bank of England’s decision to leave its policy rate unchanged last week. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that the cable could plummet to 1.3165 on a break below

EUR/USD FX Strategists at UOB Group noted that a surpass of 1.1655 should alleviate the downside pressure in EUR/USD. GBP/USD GBP/USD snaps three-day uptrend, sellers attack intraday low of late. UK’s Frost again warns EU over NI protocol, brands US President Biden as no more than an “interested observer”. UK PM Johnson eyes post-covid economy guide during first annual Conservatives meet since 2019. Fears over China financial markets, anxiety over US stimulus, debt ceiling favor USD strength ahead of the key PMIs. USD/JPY Extra gains in USD/JPY seem

EUR/USD The selling bias hits the single currency and forces EUR/USD to return to the sub-1.1600 area ahead the opening bell in Euroland on Thursday. GBP/USD The GBP bears have fought back control, as speculations surrounding an imminent rate hike by the Bank of England (BOE) die down after the Fed disappointment on Wednesday. USD/JPY After the conclusion of the meeting with PM Kishida, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he discussed Japan, global economies and financial markets with PM Fumio

EUR/USD EUR/USD remains indecisive around 1.1580 heading into the European session on the key Wednesday. The currency major pair dropped the previous day amid downbeat European fundamentals, as well as the market’s rush for USD. However, anxiety ahead of the US Federal Reserve (Fed) decision and a speech from the European Central Bank (ECB) President Christine Lagarde challenge the pair’s latest moves. GBP/USD GBP/USD cheers the US dollar pullback heading into Wednesday’s London open, up 0.14% on a day around 1.3630. In doing

EUR/USD EUR/USD seems to have gone into a consolidation phase around 1.1600 on Tuesday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to challenge the recent low of 1.1522 and sees scope for a slump to 1.1366. GBP/USD GBP/USD is on the defensive as it trades around 1.3650 after failing at the 1.3851 200-day moving average (DMA). Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the cable to fall towards the 1.3569 mark. USD/JPY The USD/JPY rose

EUR/USD EUR/USD remains sidelined around 1.1550, following the heaviest daily fall since mid-June, heading into Monday’s European session. Having witnessed the European Central Bank’s (ECB) failed attempt to hide hawkish intentions, the market turns towards the US Federal Reserve (Fed) with high hopes of tapering hints. GBP/USD GBP/USD is under pressure below 1.3700, trying to find its feet after Friday’s severe blow. The bears retain control amid a broadly stronger US dollar and looming Brexit risks. USD/JPY USD/JPY remains on the front foot above 114.00,

EUR/USD EUR/USD treads water around 1.1685, grinds higher heading into Friday’s European session. GBP/USD GBP/USD remains firm during the Asian session on the last trading day of the week. The pair managed to gather momentum, following the previous session. USD/JPY USD/JPY is keeping its recovery mode intact above 113.50 on these comments. The spot was last seen trading at 113.56, almost unchanged on the day. AUD/USD AUD/USD bulls seem to have tired after a four-day uptrend to the fresh high since early July. NZD/USD NZD/USD grinds higher following the

EUR/USD FX Strategists at UOB Group noted EUR/USD now moved into a consolidative phase, likely between 1.1555 and 1.1670 in the next weeks. GBP/USD In opinion of FX Strategists at UOB Group, GBP/USD should keep navigating between 1.3690 and 1.3840 for the next weeks. USD/JPY According to FX Strategists at UOB Group, USD/JPY is forecast to keep the consolidative mood well and sound for the time being and likely within the 113.20-114.70 range. AUD/USD AUD/USD extends previous day’s rebound, refreshes weekly high. NZD/USD The buying interest is seen fading