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EUR/USD EUR/USD renews its intraday high around 0.9790 amid the fresh decline in the US dollar heading into Thursday’s European session. The quote pares the previous day’s losses, the biggest in two weeks, amid an absence of major data/events. GBP/USD GBP/USD languishes near the weekly low through the Asian session on Thursday. The UK political uncertainty, bullish USD continue to act as a headwind for the pair. A sustained weakness below the 1.1200 mark is needed to confirm a bearish break. USD/JPY The yen

EUR/USD The EUR/USD pair has witnessed selling pressure after multiple failed attempts of overstepping the critical hurdle of 0.9880. The asset has not turned bearish yet as the risk profile is extremely cheerful. GBP/USD GBP/USD is holding the recent upside above 1.1300 ahead of the critical UK inflation release. A mixed market mood and the US dollar rebound are limiting the pair. The UK CPI data holds the key following the government’s fiscal and political fiasco.   USD/JPY The USD/JPY pair extends its consolidative price moves

EUR/USD The EUR/USD pair has dropped marginally after printing a day’s high at 0.9853 in the Tokyo session. After a juggernaut rally, the shared currency bulls are facing a corrective move as the US dollar index (DXY) has attempted a rebound move.  GBP/USD GBP/USD takes the bids to refresh intraday high above 1.1400 heading into early European trading. The pair takes clues from the market’s latest concerns surrounding the Bank of England’s (BOE) next move, as well as the UK’s haywire political

EUR/USD EUR/USD is trading close to 0.9750, as bulls are trying to regain control in early Europe after a two-week downtrend. The pair cheers the broad US dollar weakness amid a sluggish start to the week. Buyers have a tough road ahead considering the optimism over Fed’s next move. GBP/USD GBP/USD extends weekly gains towards 1.1300 amid hopes for a decent fiscal framework from the new CHancellor Hunt. Tory backbenchers brace to oust UK PM Truss. Bailey’s hawkish comments back bulls amid a broadly weaker

EUR/USD EUR/USD is consolidating gains below 0.9800, especially after Thursday’s tragic rebound from the fortnight low. Traders await the key US consumer-centric data on Friday. The US dollar stays on the backfoot despite hot inflation data.  GBP/USD GBP/USD is trading on the defensive above 1.1300, struggling for upside traction. Chatters over UK PM Truss’ tax cut plans, Kwartang’s return to London keep traders on the edge. Softer yields weigh on the US dollar ahead of US consumer-centric data. USD/JPY USD/JPY seesaws around mid-147.00s as bulls take

EUR/USD EUR/USD has slipped to near 0.9700 as a rebound in the risk-off impulse has weighed pressure. As per CME FedWatch tool, chances for a 75 bps rate hike have sky-rocketed to 84%. ECB policymaker is looking to exploit interest rates further to support quantitative tightening. GBP/USD GBP/USD grinds lower while paring the bounce off two-week low. UK Chancellor Kwarteng passes the buck to BOE if British markets collapse next week. Challenges to sentiment, hawkish Fed bets keep bears hopeful ahead of

EUR/USD EUR/USD has climbed above the immediate hurdle of 0.9700 in early Europe. The risk profile is still averse while the US dollar is holding the recent upside. The focus shifts to Lagarde’s speech, US inflation data and Fed minutes.  GBP/USD GBP/USD continues to move at around 1.1000 in the early European session on Wednesday. The data from the UK showed that the GDP contracted by 0.3% on a monthly basis in August and Industrial Production declined by 1.8%. The US docket

EUR/USD EUR/USD is holding the lower ground below 0.9700 in early European morning, as the US dollar trades firmer alongside the Treasury yields amid a broad risk-aversion. Recession fears and aggressive Fed rate hike bets underpin the dollar.  GBP/USD GBP/USD has climbed toward the mid-1.1000s and managed to erase a portion of its daily losses in the early European session. The UK’s ONS reported that the ILO Unemployment Rate edged lower to 3.5% in three months to August from 3.6%.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD resumes downside below 0.9750, in the face of risk-aversion and broad US dollar rebound in early European hours. Investors remain cautious amid fresh Russia-Ukraine tensions, China’s growth worries and ahead of key US events.  GBP/USD GBP/USD is eyeing more weakness below 1.1050 as the US dollar rebounds on an intense risk-off impulse. Firmer US NFP data has strengthened the case of a 75 bps rate hike by the Fed. Thinner liquidity to extend due to the US holiday.  USD/JPY USD/JPY holds onto the bullish bias for

EUR/USD EUR/USD continues to trade in a narrow range at around 0.9800 during the European trading hours on Friday. The data from Germany showed that Retail Sales and Industrial Production contracted by 1.3% and 0.8%, respectively, in August. Eyes on US jobs report. GBP/USD GBP/USD is attempting a bounce but remains capped below 1.1200. Risk-off flows dominate amid mixed US data and ahead of US NFP. USD/JPY The USD/JPY pair is oscillating above the critical hurdle of 145.00 and is expected to sustain above the