finance

EUR/USD EUR/USD is holding lower ground, heading toward 1.0700 in the early European morning. Risk sentiment remains in a weaker spot, allowing the US Dollar pullback to gain momentum. The focus remains on the EU economic forecasts and US sentiment data.  GBP/USD GBP/USD stays under modest bearish pressure and trades at around 1.2100. The data from the UK showed on Friday that the GDP contracted by 0.5% on a monthly basis while staying stagnant in the fourth quarter, not allowing Pound Sterling to

EUR/USD EUR/USD has delivered a range extension above 1.0730 in the early European session after a recovery move from around 1.0710. The major currency pair has picked strength as the risk aversion theme has faded after investors digest the hawkish guidance from Federal Reserve (Fed) policymakers. GBP/USD The GBP/USD pair edges higher for the third successive day on Thursday, though remains below the 1.2100 mark through the Asian session. The uptick is sponsored by subdued US Dollar demand which has been struggling to capitalize

EUR/USD EUR/USD is oscillating in a narrow range above 1.0700 ahead of the European open. Investors digest the latest comments from US President Joe Biden and Fed Chair Powell. The US Dollar remains on the back foot with yields ahead of Fedspeak.  GBP/USD GBP/USD is trading at around 1.2050, consolidating the renewed uptick heading into Wednesday’s London open. The Cable pair justifies broad-based US Dollar softness amid a mixed market mood and sluggish US Treasury bond yields. A quiet calendar ahead.  USD/JPY The USD/JPY pair has sensed a buying

EUR/USD EUR/USD is consolidating gains near 1.0750 in the early European morning. The main currency pair is capitalizing on a broad-based US Dollar retreat, in the face of sluggish Treasury bond yields and a mild risk-on market profile. ECB commentary and Powell’s speech eyed.  GBP/USD GBP/USD is trading close to 1.2050, preserving gains ahead of the London Open. The upbeat market mood and renewed Brexit optimism boes well for the Pound Sterling while the US Dollar retreats with Treasury yields ahead of Fed

EUR/USD EUR/USD is holding steady just shy of the 1.0800 mark in the early European morning. The US Dollar is consolidating the upside amid a cautious market tone, as investors assess Friday’s US NFP blowout and hawkish Fed expectations. Eurozone data coming up next.  GBP/USD The GBP/USD pair has attempted to extend its rebound move above the 1.2050 mark in the Tokyo session. The Cable gauged an intermediate cushion around 1.2000 amid subdued performance by the US Dollar Index (DXY). USD/JPY USD/JPY is correcting the opening

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

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

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

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

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