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EUR/USD EUR/USD is back in the red below 1.1050 in early Europe on Tuesday. A broad US Dollar recovery and cautious optimism are weighing on the major on the first trading day of 2024. The focus shifts to EU/ US economic data.  GBP/USD GBP/USD is posting modest gains in European trading on Tuesday, having found support just above 1.2710. The pair stands resilient to a broad US Dollar rebound and rising US Treasury bond yields amid mild market optimism. Final UK, US PMIs awaited.  USD/JPY The Japanese

EUR/USD EUR/USD is paring back gains toward 1.1050 in the late Asian session on the final trading day of 2023. The US Dollar resumes its downside amid cautious trading, as traders refrain from placing fresh bets on the major, in anticipation of the end-of-the-year flows induced volatility.  GBP/USD The GBP/USD pair trades slightly higher around 1.2740 during the Asian hours on Friday. The US Dollar attempted to halt its losing streak before the end of the year 2023, but it appears to be struggling to stay in

EUR/USD EUR/USD is holding minor bids above 1.1100, retreating from multi-month highs in European trading on Thursday. The pair’s uptrend is helped by the anticipated dovish Fed stance on the interest rate trajectory. US Jobless Claims data awaited.  GBP/USD GBP/USD is posting small gains above the 1.2800 level in early European trading hours on Thursday. The persistent US Dollar weakness on increased dovish Fed pivot bets support the pair. US Jobless Claims data eyed amid quiet markets.  USD/JPY USD/JPY continues its losing streak for the second straight session,

EUR/USD EUR/USD is oscillating in a narrow range near 1.1050 in early Europe on Wednesday. The pair is lacking a clear directional bias amid the holiday season in the final week of 2023, as the US Dollar struggles on dovish Fed expectations.  GBP/USD GBP/USD is hovering above 1.2700 in the European morning on Wednesday. Divergent monetary policy outlooks between the Fed and BoE undermine the US Dollar, keeping the pair afloat amid the year-end light trading.  USD/JPY The USD/JPY pair gains ground during the

EUR/USD EUR/USD hovers below 1.1000 level after pulling back from the three-week high at 1.1012. The pair received upward support from a less dovish tone surrounding the ECB, as compared to the elevated speculation of the Fed to ease monetary policy in the first quarter of 2024. GBP/USD GBP/USD continues to fluctuate in a narrow channel at around 1.2700 in the European morning on Friday. The data from the UK showed that Retail Sales more than expected in November. On a negative note, Q3 GDP growth got revised

EUR/USD EUR/USD is retreating toward 1.0950 early Europe on Wednesday. The US Dollar is attempting a tepid bounce, as investors turn cautious amid a slew of less dovish Fedspeak. The Euro stays supported by the recent hawkish ECB commentary.  GBP/USD GBP/USD came under bearish pressure and dropped below 1.2700 early Wednesday. The data from the UK showed that the annual inflation, as measured by the change in Consumer Price Index (CPI), declined to 3.9% in November from 4.6% and weighed on Pound Sterling. USD/JPY The

EUR/USD EUR/USD is holding gains above 1.0900 in European trading on Tuesday. The US Dollar underperforms, despite a cautious mood, as the US Treasury bond yields stay on the back foot. EU/ US data and central banks’ speeches awaited.  GBP/USD The GBP/USD pair snaps its two-day losing streak during the early Asian session on Tuesday. The rebound of the pair is bolstered by the weaker US Dollar (USD) and the lower US Treasury bond yields. Investors await the UK inflation data, due on

EUR/USD EUR/USD is trading back above 1.0900, catching a fresh bis in the early European morning on Monday. The pair benefits from a weaker US Dollar alongside the US Treasury bond yields amid divergent Fed-ECB policy outlooks. Investors await the German IFO survey for fresh impetus. GBP/USD The GBP/USD pair attracts some dip-buying around the 1.2655 area during the Asian session on Monday and for now, seems to have stalled its retracement slide from the vicinity of the 1.2800 mark, or a near four-month

EUR/USD EUR/USD remains sidelined in the European morning on Friday, awaiting the Euro area business PMIs for fresh impetus. The divergent ECB-Fed policy outlooks stay supportive of the Euro while the US Dollar consolidates losses ahead of US PMI data.  GBP/USD GBP/USD is paring back gains to trade modestly flat near 1.2750 in early Europe on Friday. The pair is holding its weekly gains, supported by a hawkish BoE outlook and a dovish Fed pivot. Focus shifts toward the preliminary UK/ US PMIs.   USD/JPY The 

EUR/USD EUR/USD is trading close to 1.0900, looking to build on Wednesday’s hard rebound after the Federal Reserve (Fed) pivoted into a path toward rate cuts after months of towing the “higher for longer” line. ECB policy decision is next in focus.  GBP/USD The GBP/USD pair surges to one-week highs above the 1.2600 mark during the Asian session on Thursday. The uptick of the pair is bolstered by the weaker US Dollar and the dovish comments after the Federal Reserve (Fed) meeting.