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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.

EUR/USD EUR/USD halts to continue a two-day winning streak ahead of the monetary policy decisions from the United States and the Eurozone on Wednesday and Thursday, respectively. The EUR/USD pair trades lower around 1.0790 during the Asian session on Wednesday. GBP/USD GBP/USD exhibits a sideways movement as it braces for a barrage of data releases from both nations, hovering around 1.2550 in early Europe on Wednesday. The pair experienced notable volatility in the previous session, driven by the UK employment data and the US inflation report.  USD/JPY The USD/JPY pair is

EUR/USD EUR/USD is trading above 1.0750, confined in a narrow trading band for the second straight day on Tuesday. Broad US Dollar retreat and a cautious mood have kept the pair sidelined. Traders now look to US CPI for fresh impetus amid dovish Fed/ECB pricing. GBP/USD GBP/USD clings to small daily gains above 1.2550 after the UK jobs report, which showed a further softening in wage inflation in October. Later in the day, November Consumer Price Index (CPI) data from the US

EUR/USD EUR/USD is trading sideways above 1.0750 in early Europe on Monday. The pair defends bids amid a modest risk-recovery and sluggish US bond yields. The US Dollar is struggling for upside traction, as traders refrain from placing fresh bets ahead of Tuesday’s US inflation data.  GBP/USD  GBP/USD is holding steady near 1.2550, lacking a clear directional bias in European morning on Monday. The pair is struggling amid investors’ caution ahead of key economic data and central banks’ meetings from the US and the

EUR/USD EUR/USD is posting small losses below 1.0800 in the European morning on Friday, stalling its rebound from three-week lows. The pair is weighed by a rebound in the US Dollar alongside the US Treasury bond yields, as the focus turns to the critical NFP report. GBP/USD The GBP/USD pair consolidates in a narrow range of 1.2583–1.2600 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the highly anticipated US Nonfarm Payrolls report. At press time,