EUR/GBP edges lower to near 0.8570 ahead of Retail Sales data from Eurozone, UK
EUR/GBP faces a challenge as the BoE is expected to avoid rate cuts in its upcoming meeting. BoE Chief Economist Huw Pill called the expectation of interest rate cut premature.…
EUR/USD Price Analysis: Holds below 1.0800 ahead of German, Eurozone Services PMI data
EUR/USD attracts some sellers around 1.0780 on the firmer USD. The pair keeps the bearish outlook unchanged below the key EMA; RSI indicator remains below the 50 midlines. The immediate…
GBP/USD Price Analysis: Pauses the post-BoE rally near mid-1.2700s ahead of US NFP
GBP/USD is seen consolidating the Thursday’s post-BoE recovery from over a two-week low. The technical setup seems tilted in favour of bulls and supports prospects for additional gains. Bulls, however,…
US Dollar Index grapples to extend its gains, hovers around 103.50
US Dollar Index gains ground due to the Fed’s hawkish stance on interest rate trajectory. US Federal Reserve maintained its current interest rates at 5.50% as expected. Fed Powell indicated…
EUR/USD Price Analysis: Languishes near monthly low, focus remains on Fed decision
EUR/USD comes under some renewed selling pressure amid a modest pickup in the USD demand. The technical setup favours bearish traders and supports prospects for a further depreciating move. A…
Japanese Yen remains on the front foot against USD, lacks follow-through buying
The Japanese Yen builds on the overnight gains against the USD amid geopolitical risks. Hopes for an imminent shift in the BoJ’s policy stance further lend support to the JPY.…
Pound Sterling recovers on improved market mood, US Core PCE Inflation in focus
Pound Sterling rebounds as market mood improves ahead of US core PCE price index data. High UK inflation would allow BoE policymakers to maintain a hawkish tone on interest rates.…
US GDP Preview: Economic growth expected to moderate at year-end
United States Gross Domestic Product is forecast to grow at an annualized rate of 2% in Q4. The resilience of the US economy could allow the Fed to delay the…
USD/CHF improves to near 0.8650 despite the downbeat US yields
USD/CHF rebounds despite the decline in the US bond yields. US GDP Q4 is expected to ease at 2.0% from the previous reading of 4.9%. Traders await next week’s Swiss…
EUR/USD hovers around 1.0850 ahead of Eurozone PMI, US Dollar remains stable
EUR/USD attempts to gain ground ahead of PMI data from the Eurozone and Germany. The downbeat EU Consumer Confidence weighed on the Euro. The risk-averse sentiment is driving the US…
