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03.02.2023 Market Report

EUR/USD EUR/USD is attempting to build a cushion near 1.0900 in the early European morning. The market mood remains cautious, as investors assess the dovish Fed and ECB policy announcements, repositioning ahead of the key US NFP data.  GBP/USD GBP/USD is struggling for a clear direction while defending the 1.2200 mark early Friday. The dovish BoE policy outlook combined with a broad US Dollar rebound is weighing on the pair. Focus shifts to the US NFP data for fresh trading impetus.  USD/JPY The USD/JPY

02.02.2023 Market Report

EUR/USD EUR/USD is holding moderate gains above 1.1000, as buyers keep the reins ahead of the ECB policy decision. The pair is sitting at the highest level in 10 months, as the US Dollar licks the dovish Fed decision-inflicted wounds. The Euro remains underpinned by hawkish ECB expectations.  GBP/USD GBP/USD is trading close to 1.2400 heading into the London Open this ‘Super Thursday’. Pound Sterling bulls take a breather ahead of the expected BoE 50 bps rate hike. The US Dollar remains

01.02.2023 Market Report

EUR/USD EUR/USD is consolidating gains below 1.0900, as bulls take a breather heading into Wednesday’s European session. The US Dollar struggles to find its feet amid sluggish Treasury yields and cautious markets. All eyes remain on the EU inflation data and Fed decision.  GBP/USD GBP/USD is struggling to gain any meaningful upside traction above 1.2300 in early Europe. The pair remains supported as the US Dollar licks its wounds amid weaker US Treasury yields and cautious trading ahead of the Fed policy announcements. US PMIs will

31.01.2023 Market Report

EUR/USD EUR/USD remains on the back foot below 1.0850 in the early European morning. The pair has come under renewed selling pressure, as the US Dollar rebounds amid risk-off markets and sluggish Treasury yields. Eurozone GDP and US data are in focus.  GBP/USD GBP/USD is trading on a slippery slope near 1.2350 ahead of the London Open. The renewed uptick in the US Dollar amid risk aversion is weighing down on the pair. Meanwhile, the IMF said that the UK economy is the

30.01.2023 Market Report

EUR/USD EUR/USD treads water around 1.0870-60 as markets remain on a dicey floor ahead of the key central bank meetings and data. Adding strength to the market’s indecision could be the return of China and fears of a softer growth number from Germany. GBP/USD The GBP/USD pair has refreshed its day’s high at 1.2405 in the early European session. The Cable has picked up strength as the US Dollar Index (DXY) has turned extremely volatile amid chatters over the interest rate decision

27.01.2023 Market Report

EUR/USD EUR/USD is trading under pressure below 1.0900 in early Europe, as the US Dollar recovers weekly losses ahead of the US PCE inflation data this Friday. Investors look to reposition, with eyes on the Fed and ECB policy announcements next week.  GBP/USD GBP/USD sellers flirt with 1.2400, after failing to cross the 1.2430 hurdle, as cautious mood ahead of the key US data joins mixed updates from the UK to push back the previous bullish bias surrounding the Cable pair. USD/JPY USD/JPY prints mild

26.01.2023 Market Report

EUR/USD EUR/USD is holding steady above 1.0900 in the early European morning. The US Dollar consolidates near multi-month lows amid weaker Treasury yields and a cautious risk tone. Investors refrain from placing fresh bets on EUR/USD ahead of the critical US GDP release.  GBP/USD GBP/USD is struggling to extend the previous gains at around 1.2400 heading into Thursday’s London open. The US Dollar is licking its wound alongside weaker US Treasury yields amid dovish Fed bets and pre-US GDP anxiety.  USD/JPY As the USD/JPY pair

25.01.2023 Market Report

EUR/USD EUR/USD is holding higher ground near 1.0900 in the early European morning this Wednesday. The pair is taking advantage of a subdued US Dollar and sluggish Treasury bond yields, as investors stay wary ahead of Thursday’s US Q4 GDP. Germany’s IFO coming up next.  GBP/USD GBP/USD is holding steady above 1.2300 heading into Wednesday’s London open. The US Dollar licks its wounds amid broad risk aversion and muted US Treasury yields, lending some support to the GBP/USD pair.  USD/JPY USD/JPY floats above 130.00,

24.01.2023 Market Report

EUR/USD EUR/USD is holding onto the latest gains below 1.0900 in the early European morning. The pair is capitalizing on broad US Dollar weakness amid a better mood and sluggish Treasury yields. Hawkish ECB-speak underpins the Euro ahead of EU PMis.  GBP/USD GBP/USD keeps its range below 1.2400, as bulls take a breather ahead of the key UK activity data. The renewed Brexit concerns and UK political jitters remain a drag on the Pound Sterling. The renewed US Dollar weakness keeps the downside

20.01.2023 Market Report

EUR/USD EUR/USD grinds lower around the intraday bottom as it pares the daily, as well as weekly, gains around the highest levels since April 2022 heading into Friday’s European session. GBP/USD The pair is displaying back-and-forth moves below 1.2400 in the Asian session. The Cable has turned sideways as investors are awaiting the release of the United Kingdom Retail Sales data for fresh impetus. USD/JPY The USD/JPY pair attracts some buyers on the last day of the week and steadily climbs back above the 129.00 mark during the