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16.10.2020

EUR/USD

EUR/USD is on the back foot amid rising eurozone cases in Europe while growing doubts about US fiscal stimulus may further boost the safe-haven dollar. Furthermore, US retail sales may disappoint again and add to the risk-off mood. Fears that the Eurozone economy would be hit hard by the coronavirus resurgence is pushing the US-German yield differentials higher and weighing over the common currency. The 10-year spread has risen to 134.4 basis points, the highest level since March. The two-year yield differential, which is more sensitive to short-term interest rate and inflation expectations.

USD/JPY

USD/JPY bounces off 105.28 to 105.35, following the early-day downbeat move to 105.32, amid the initial hour of Tokyo open on Friday. The pair recently gained as markets spot difference in US President Trump’s comments versus reality on the coronavirus (COVID-19) relief bill. This follows the pair’s upbeat performance on Thursday that took hints from the broad US dollar strength amid a risk-off mood.

GBP/USD

GBP/USD drops to 1.2894, down 0.15% intraday, while heading into Friday’s London open. In doing so, the sterling keeps the previous day’s downbeat performance amid Brexit and the coronavirus (COVID-19) woes ahead of UK PM Boris Johnson’s speech. Also weighing the quote could be the US dollar’s safe-haven demand backed by increasing odds of no stimulus ahead of presidential elections.

09.10.2020

EUR/USD

EUR/USD has been edging higher as President Trump pushed for fiscal stimulus but low chances of a deal, rising eurozone COVID-19 cases and positioning ahead of the weekend may weigh on the pair. Following Thursday’s inconclusive price action, EUR/USD has reclaimed ground lost and advances to the 1.1800 neighbourhood, where sit weekly peaks recorded on Tuesday. The softer tone in the greenback keeps underpinning the improved sentiment in the risk complex. This trend has been exacerbated following the likelihood that discussions around another stimulus package could resume in the next days.

USD/JPY

Following a brief test of the area above 106.00 the figure during early trade, USD/JPY seems to have met a cluster of sellers, giving away those initial gains soon afterward. Always amidst increasing cases of COVID-19 across the globe and renewed social restrictions in many countries, market participants keep gauging the impact of the pandemic on the global economy.

GBP/USD

GBP/USD has been rising amid hopes for US fiscal stimulus, but everything else is playing against the cable. Economists at Handelsbanken have revised lower their forecast for the UK economy which implies GBP/USD moving to 1.23 by mid-2021 and EUR/GBP trading within 0.91 and 0.95. The UK GDP monthly release showed that the UK economy expanded less-than-expected in August, arriving at +2.1% versus +4.6% expected and +6.6% previous.

EUR/USD

EUR/USD has been on the back foot after President Trump announced he contracted coronavirus. US Nonfarm Payrolls, the fate of US fiscal stimulus and further reactions ahead. The bombshell news threw markets into disarray, as it raises many questions. How will it impact the elections? On the one hand, sympathy toward Trump could help his chances, but the renewed focus on his mishandling of the crisis may hurt the probability of him winning the elections.

USD/JPY

The USD/JPY pair maintained its offered tone through the first half of the European trading action, albeit has managed to rebound around 25-30 pips from 1-1/2-week lows set earlier this Friday. The pair witnessed an intraday turnaround on the last trading day of the week and dropped around 75 pips from daily swing highs amid a strong pickup in the demand for the safe-haven Japanese yen. The impasse over the next round of the US fiscal stimulus measures dented investors' appetite for perceived riskier assets.

GBP/USD

Sterling remains highly volatile and extends its yo-yo ride on Friday, sparked by Brexit talks news on Thursday and this morning’s shocker on President Trump’s positive test for coronavirus. The pair witnessed a dramatic turnaround and rallied over 150 pips on the back of reports that officials in London are increasingly optimistic about finalizing a Brexit deal. Financial Times correspondent Sebastian Payne tweeted that officials with knowledge of the talks said a landing zone on state aid has been identified but fishing is the last sticking point. The optimism, however, turned out to be short-lived after EU officials denied news on state aid Brexit breakthrough. The pair quickly retreated around 100 pips from daily tops and was further pressured by a modest pickup in the US dollar demand. The pair finally settled in the red, snapping three consecutive days of the losing streak and remained depressed through the Asian session on Friday.

17.09.2020

EUR/USD

The EUR/USD is about to end Friday hovering around 1.1850 posting modest weekly gains but unable to break the current consolidation phase. Recently climbed to 1.1870 hitting a two-day high but it failed to make a run higher. The euro ended the week one a strong not versus the US dollar considering that on Thursday it tested levels under 1.1750. Despite all the action, including the FOMC meeting, EUR/USD keeps moving sideways around the current levels.

USD/JPY

The USD/JPY pair closed the fourth straight day in the negative territory on Thursday and stayed relatively quiet during the Asian session. However, with the markets remaining risk-averse, the pair extended its slide and touched its lowest level since late July at 104.28. With a break below 104.18, USD/JPY will renew its level since early March. Now, the pair is down 0.38% on a daily basis at 104.32.

GBP/USD

The GBP/USD pair lacked any firm directional bias on Friday and seesawed between tepid gains/minor losses through the early part of the European trading session. Following the previous day's intraday volatility, the pair now seems to have stabilized near the top end of its weekly trading range. The overnight optimistic Brexit-related comments by the European Commission President Ursula von der Leyden, saying that a trade deal between the EU and the UK is still possible, extended some support to the British pound.

04.09.2020

EUR/USD

EUR/USD is trading without a clear direction at the end of the week. The usual pre-NFP lull is prevailing in the global markets, with the majority of assets following a side-lined theme and tight ranges at the end of the week. A stronger than expected jobs growth and wage figures could assist the US dollar to add to its recent recovery from two-year lows. This, in turn, should pave the way for an extension of the EUR/USD pair's corrective slide from levels just above the key 1.2000 psychological mark. Alternatively, a weaker-than-anticipated NFP reading would add to uncertainty over the outlook for the US economy.

USD/JPY

USD/JPY is trading at 106.16 as the pair moves higher towards an hourly resistance from 106.05 the session lows. The yen is in focus for the sessions ahead, before the Nonfarm Payrolls risk kicks in fully. On Wall Street, there was a sharp drop in stocks, weighed by weakness in the technology sector while the US dollar extended its comeback to the 93 handles in the DXY at the start of the European session. The sentiment that the US economy's rebound from coronavirus-driven lockdowns could be stalling should be a favorable environment for the safe-haven Japanese yen.

GBP/USD

Having dropped during the last two days, GBP/USD is unsteady around 1.3280 while heading into the London open on Friday. Cable seesaws near the weekly bottom and ignores downbeat catalysts, like Brexit woes, tax hikes, ahead of the key US Nonfarm Payrolls (NFP). Elsewhere, British Composite PMIs suggest an acceleration in the August month job losses even as the UK PM pushes people towards work

28.08.2020

EUR/USD

EUR/USD has climbed to weekly tops near the 1.1920 level, at the same time leaving behind Thursday’s post-Powell peaks just above the 1.19 mark. The increasing selling bias surrounding the buck is gathering further traction on Friday as market participants continue to adjust to the recent announcements from Chief Powell.

USD/JPY

The USD/JPY pair dived around 85 pips from two-week tops set during the Asian session and refreshed daily lows, around the 106.10 region in the last hour. The pair built on the previous day's solid intraday bounce of over 100 pips from weekly lows and gained some follow-through traction through the early part of the trading action on Friday. The bullish move was supported by the upbeat market mood, which tends to undermine demand for the safe-haven Japanese yen.

GBP/USD

GBP/USD refreshes the intraday high to 1.3242, up 0.29%, while heading into the London open on Friday. The cable, alike most majors, refreshed the yearly high on Thursday before declining to 1.3161, which in snapped the two-day winning streak. The broad US dollar rally, after comments from Fed Chair, dragged the quote downward the previous day. Though, the greenback’s latest declines favor the pair bulls ahead of BOE Governor Andrew Bailey’s speech at the Jackson Hole Symposium.

21.08.2020

EUR/USD

The key to recent broad USD weakness has been the reflation theme which has equally helped EUR/USD move higher by removing tail risks related to debt-deflation dynamics. In markets, this has been expressed by a high correlation of EUR/USD to a range of factors such as lower US real rates, EM FX, bank stocks, and, not least, credit spreads. However, the global cross-asset rotation as well as US vs EU factors seem to be fading and/or are well priced now. Economists at Danske Bank look for EUR/USD to retrace back to 1.16 in coming weeks.

USD/JPY

The USD/JPY pair edged lower through the early European session and was last seen hovering near daily lows, just above mid-105.00s.The pair extended the previous day's retracement slide from three-day tops, around the 106.20 region, and remained depressed for the second consecutive session on Friday. The emergence of some fresh selling around the US dollar was seen as one of the key factors exerting pressure on the USD/JPY pair.The USD failed to capitalize on the FOMC minutes-led rebound, instead met with some fresh supply on Thursday following the release of the US Weekly Jobless Claims. In fact, the number of Americans filing for unemployment benefits jumped back above the 1 million mark during the week ended August 14.

GBP/USD

UK retail sales data has come in stronger than expected for the month of July, in data released this morning underlining the recovery that took hold in May. The GBP/USD pair held on to its modest gains near session tops, around the 1.3240-50 region and moved little following the release of the UK macro data, now trading at 1.3230. This UK data is positive for the pound but gains should be limited from here, according to economists at MUFG Bank.

14.08.2020

EUR/USD

The U.S. Dollar Index is currently trying to settle above 93.20 and continue its journey towards 93.50. The main problem for the U.S. dollar right now is the complete uncertainty over U.S. stimulus negotiations. Republicans and Democrats failed to reach consensus on the new coronavirus aid package deal, and it is unclear when these negotiations will be restarted. Today, the U.S. will release Retail Sales report for July. Retail Sales are expected to grow by 1.9% month-over-month, and traders will be closely watching for signs that U.S. consumer activity may be faltering due to the persistently high number of new coronavirus cases in the U.S.

USD/JPY

The USD/JPY pair retreated around 30 pips from the vicinity of multi-week tops and dropped to fresh session lows, around the 106.75 region in the last hour.The pair continued with its struggle to make it through the 107.00 mark and witnessed a modest intraday pullback amid the emergence of some fresh US dollar selling. The impasse over the next round of the US fiscal stimulus overshadowed signs of the US economic recovery and continued exerting some downward pressure on the greenback.

GBP/USD

GBP/USD stays depressed around 1.3055, down 0.08% on a day, while heading into the London open on Friday. The pair benefited from the UK’s trade-positive headlines and broad US dollar weakness the previous day. However, a lack of major directives and the coronavirus (COVID-19) concerns challenge the pair buyers even if UK PM Boris Johnson unveiled details of easing lockdown restrictions. Looking forward, traders will keep eyes on the US data amid an empty British line of economics. Advance US GDP report on Thursday, which showed that the world's largest economy collapsed by 32.9% annualized pace during the second quarter of 2020.

07.08.2020

EUR/USD

EUR/USD is feeling the pull of gravity on Friday as the oversold dollar is drawing bids on US-China tensions.The currency pair is trading at 1.1826, representing a 0.40% decline on the day, having failed to keep gains above 1.19 on Thursday. As such, the risk sentiment is weakening, despite the upbeat China data released during the Asian trading hours. The futures tied to the S&P 500 are currently down 0.5% and the greenback is gaining ground against majors.

USD/JPY

USD/JPY makes rounds to 105.50 during the initial hour of Tokyo open on Friday. While the pre-NFP trading lull could be cited as the pair’s recent inactivity after posting three-day losing streak the previous day, risk catalysts suggest a further weakening of the quote. The global risk sentiment took a hit on Friday after the US President Donald Trump signed a pair of executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat. The anti-risk flow was evident from a weaker trading sentiment around the equity markets, which might force investors to take refuge in traditional safe-haven assets and underpin demand for the Japanese yen.

GBP/USD

The GBP/USD pair extended its steady intraday retracement slide through the early European session and refreshed daily lows, around the 1.3085 region in the last hour. The pair witnessed some selling on the last day of the week and moved away from five-month tops, set on Thursday in reaction to the BoE's less pessimistic tone on the outlook for the British economy. The pullback was exclusively sponsored by a goodish pickup in the US dollar demand. The global risk sentiment took a hit after the US President Donald Trump signed executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat. This, in turn, drove some haven flows towards the US dollar and exerted pressure on the GBP/USD pair.

31.07.2020

EUR/USD

EUR/USD has been a very strong player on the bid these past several weeks as the market's turn back on the mighty US dollar. There have been strong arguments for a fundamental long in the euro considering the newfound cohesion between European leaders coming together to resolve the economic crisis pertaining to the coronavirus. If the virus has been good for one thing, other than giving mother nature a break, it has managed to give a new lease of life to what was a thwarted single currency.

USD/JPY

The USD/JPY pair maintained its offered tone through the early European session and was last seen trading near the lowest level since March 12, below mid-104.00s.The pair added to its recent losses and continued losing ground for the seventh consecutive session on Friday amid the prevalent bearish sentiment surrounding the US dollar. Against the backdrop of a more dovish FOMC statement on Wednesday, doubts over the US economic recovery continued exerting some heavy pressure on the greenback.

GBP/USD

The GBP/USD pair broke out of its European session consolidation phase and jumped to fresh multi-month tops, around the 1.3160 region in the last hour. The pair prolonged its recent strong bullish trajectory and continued gaining positive traction for the tenth consecutive session on Friday. The prevalent bearish sentiment surrounding the US dollar was seen as one of the key factors fuelling the momentum, which got an additional boost from some technical buying above the 1.3100 mark. Investors remain worried that the ever-increasing number of coronavirus cases could undermine the US economic recovery. The market concerns resurfaced following the release of the advance US GDP report on Thursday, which showed that the world's largest economy collapsed by 32.9% annualised pace during the second quarter of 2020.

24.07.2020

EUR/USD

The Euro initially rallied during the trading session on Thursday but continues to see the 1.16 level as a massive barrier, and quite frankly it makes quite a bit of sense that we need to come back and retest the previous resistance range. The resistance range was between the 1.14 level and the 1.15 handle, so at this point I would not be surprised at all to see this market go back to that area to find the value area.

USD/JPY

The USD/JPY pair dived to fresh one-month lows, around the 106.25 region in the last hour and has now moved well within the striking distance of June monthly swing lows. The pair added to the previous day's losses and remained under some heavy selling pressure for the second consecutive session on Friday – also marking the third day of a negative move in the previous four. The downfall was sponsored by reviving demand for the safe-haven Japanese yen and took along near-term trading stops placed near the 106.65-60 horizontal support.

GBP/USD

GBP/USD continues its attempts to settle above the resistance at 1.2750 as the U.S. dollar is losing ground against a broad basket of currencies while global markets are worried about continued deterioration of U.S. – China relations. The U.S. Dollar Index is testing the key support level at March lows at 94.65. This is a very important moment for the American currency since a move below this level may trigger an additional sell-off, which would be bullish for GBP/USD.

17.07.2020

EUR/USD

The single currency has regained some buying interest and is now pushing EUR/USD to the vicinity of the 1.1400 neighbourhood on Friday. EUR/USD appears to have resumed the upside at the end of the week following Thursday’s moderate pullback. In fact, the greenback is receding some ground and allowing the move higher in the risk complex, always against the backdrop of the advance of the pandemic across the world and the gradual recovery in the economic activity.

USD/JPY

The USD/JPY pair edged lower through the early European session and refreshed daily lows in the last hour, with bears awaiting a sustained break below the 107.00 mark.The pair struggled to capitalize on the previous day's positive move, instead met with some fresh supply on the last trading day of the week amid some renewed US dollar selling bias. A sharp intraday turnaround in the US Treasury bond yields undermined the greenback and exerted some downward pressure on the USD/JPY pair. This comes amid worries that the second wave of the coronavirus infections might curb economic activity. This coupled with concerns about worsening US-China relations drew some haven flows towards the Japanese yen and further contributed to the USD/JPY pair might weaker tone through the first half of the trading action.

GBP/USD

The GBP/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the first half of the trading action on Friday. Following some good two-way price moves witnessed over the past couple of trading session, the GBP/USD pair now seems to have stabilised and was seen oscillating in a range near mid-1.2500s. The downside remained cushioned on the back of some renewed US dollar selling bias, though the uptick lacked any strong bullish conviction.

10.07.2020

EUR/USD

The single currency has come under renewed selling pressure in the last couple of days, forcing EUR/USD to recede from multi-week tops around 1.1370 to Friday’s lows near 1.1250. EUR/USD is down for the second session in a row at the end of the week, facing increasing downside pressure in response to the better tone surrounding the greenback. In fact, the risk aversion sentiment re-emerged among traders in past sessions as market participants keep reassessing the ongoing reopening of economies around the world vs. the unremitting advance of the COVID-19 pandemic.

USD/JPY

USD/JPY is challenging fresh ten-day lows just below the 107 mark, as the bears remain in command amid intensifying risk-off sentiment. The downbeat market mood is likely to extend into Europe, as reflected by the accelerating losses in the S&P 500 futures. The fresh leg down in the US stock futures is helping boost the safe-haven bids for the yen, which has prompted USD/JPY to breach the 107 thresholds. Meanwhile, the US dollar continues to attract the safe-haven flows against its main peers, collaborating with the weakness in the major. The record rise in coronavirus cases in the US doused hopes of a V-shaped recovery and spooked the investors.

GBP/USD

Following a steady decline in the overnight trade, GBP/USD looks to extend the downside consolidative mode below 1.2600 in early Europe and remains vulnerable amid broad risk-aversion. The persistent surge in coronavirus cases in the US, concerns over the global economic rebound and Brexit uncertainty exert bearish pressure on the spot.

03.07.2020

EUR/USD

The EUR/USD pair is about to end the week hovering around 1.1240, near the same level it had seven days ago. Price action was limited on Friday due to a holiday in the US and the pair moved sideways in a small range. Economic data from the Eurozone on Friday came in above expectations but it did not boost the euro. Over the week, despite economic reports including the upbeat NFP, EUR/USD remained on a consolidation mode moving around 1.1230.

USD/JPY

The USD/JPY pair lacked any firm directional bias and remained confined in a narrow trading band, around mid-107.00s through the early European session. A combination of diverging forces failed to assist the pair to capitalize on the previous day's modest uptick and led to a subdued/range-bound price action on the last trading day of the week. Optimism over a potential COVID-19 vaccine, coupled with reviving hopes of a V-shaped global economic recovery remained supportive of the upbeat market mood.

GBP/USD

The GBP/USD pair quickly retreated around 50 pips from daily tops and is currently placed near the lower end of its daily trading range, below mid-1.2400s. Following a brief consolidation through the early part of Friday's trading action, the GBP/USD pair gained some traction and climbed to an intraday high level of 1.2486. The prevalent upbeat market mood continued undermined the safe-haven US dollar, which coupled with an upward revision of the UK Services PMI provided a modest lift to the pair.

26.06.2020

EUR/USD

EUR/USD's two-day decline has stalled with the bid tone around the US dollar weakening amidst signs of risk reset in the Asian equities. The pair is currently trading at 1.1224, representing marginal gains on the day, having printed a low of 1.1190 during Wednesday's US trading hours. Major Asian indices like Nikkei and S&P/ASX 200 are reporting gains following the overnight rally on Wall Street. The US stocks rose the Federal Reserve and other regulators announced that they are planning to remove some limits on banks' ability to make investments in hedge funds and similar ventures.

USD/JPY

The USD/JPY pair traded with a mild negative bias through the Asian session, albeit remained well with the previous day's broader trading range. The pair extended the overnight pullback from over one-week lows and edged lower on the last trading day of the week, snapping two consecutive days of the winning streak. The downtick was sponsored by a subdued US dollar price action and the prevalent cautious mood, which extended some support to the safe-haven Japanese yen. Investors remain concerned that a surge in new coronavirus cases could trigger fresh lockdown measures.

GBP/USD

The GBP/USD pair had some good two-way price moves on Thursday and finally settled nearly unchanged for the day. The pair managed to regain some intraday positive traction amid a positive turnaround in the European equity markets. The risk sentiment got a minor lift after the European Central Bank announced that it will offer loans against collateral to central banks outside the euro area. However, growing market worries that a surge in new coronavirus cases could trigger fresh lockdown measures continued benefitting the US dollar's relative safe-haven status. This comes on the back of the overnight report that the US is considering imposing tariffs on $3.1 billion of imports from the United Kingdom and the EU. This coupled with persistent Brexit uncertainty kept a lid on any strong follow-through move up for the major.

12.06.2020

EUR/USD

EUR/USD's downward move looks to have stalled despite the risk-off tone in the equity markets. The shared currency could be benefitting from the developments in the bond market. The currency pair is trading near 1.1294 at press time, having defended the ascending or bullish 10-day simple moving average (SMA) support of 1.1276 during the Asian trading hours. The pair's recovery from the key SMA support may look confounding given the investors are shunning risk and buying safe havens like the US dollar and the Japanese yen on renewed concerns that the recovery could take years and a potential second wave of the coronavirus outbreak would cause bigger economic damage.

USD/JPY

The USD/JPY pair’s pullback moves from 106.60 fades upside momentum around 106.80 during the early Friday. Even so, the pair manages to remain on the sellers’ list for a fifth consecutive day while flashing 0.05% losses by the press time. The post-US Federal Reserve meeting increase in the market’s risk aversion seems to lose momentum off-late. However, the Fed funds futures are renewing the call for a negative Fed rate and keep the risk on the table.

GBP/USD

The GBP/USD pair struggled to capitalize on the intraday bounce from over one-week lows and held steady near the 1.2600-mark post-UK macro releases. The pair stalled this week's corrective slide from three-month tops – levels beyond the 1.2800 mark – and found some support just ahead of the 100-day SMA, near the 1.2545 region. The US dollar struggled to capitalize on the previous day's strong positive move amid some stability in the global financial markets and turned out to be one of the key factors that extended some support to the GBP/USD pair on the last trading day of the week.

29.05.2020

EUR/USD

Following a brief consolidative stint in early Asia, EUR/USD is breaking higher heading into European trading this Friday. The spot conquers the 1.11 handle for the first time since March 30 despite the risk-off market environment, considering the escalating US-China tensions. The optimism around the European Union's (EU) bigger-than-expected fiscal stimulus proposal of 750 billion euros continues to underpin the sentiment around the shared currency. Further, expectations of the European Central Bank (ECB) expanding its bond-buying next week, to boost the economic recovery, also add to the strength in the spot.

USD/JPY

The bullish momentum around USD/JPY is gathering steam with traditional markets reporting risk reset, possibly on hopes for additional US fiscal stimulus. The pair is currently trading near 107.40, representing a 0.17% gain on the day, having hit a high of 107.44 soon before press time. The dollar found bids at lows near 106.75 on Thursday and has been gaining altitude ever since. The uptick in USD/JPY is accompanied by moderate gains in the US stock futures and mixed action in the Asian equities.

GBP/USD

The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repeatedly failed to make it through 50-day SMA hurdle, ahead of the 108.00 round-figure mark, the pair witnessed some aggressive selling on Friday and broke down of a near two-week-old trading range. Concerns about worsening US-China relations benefitted the Japanese yen's safe-haven status and turned out to be one of the key factors exerting pressure on the USD/JPY pair.

22.05.2020

EUR/USD

The selling pressure around the single currency is picking up further pace at the end of the week and is motivating EUR/USD to trade closer to the key support at 1.0900 the figure. EUR/USD is so far losing ground for the second session in a row on the back of the recent recovery in the greenback, which in turn met support in the demand for the haven universe. In fact, renewed concerns on the US-China trade front and the China-Hong Kong scenario have gathered extra pace in past hours, prompting investors to dump riskier assets in favor of safer ones, like the dollar, the Japanese yen and US bonds.

USD/JPY

The USD/JPY pair edged lower through the Asian session on Friday and was last seen trading near the lower end of its daily range, just below mid-107.00s. The pair continued with its struggle to decisively break through the 50-day SMA barrier near the 107.85-90 region and came under some fresh selling pressure on the last trading day of the week. Concerns about worsening US-China relations took its toll on the global risk sentiment. This, in turn, benefitted the Japanese yen's (JPY) safe-haven status and exerted some pressure on the USD/JPY pair.

GBP/USD

The GBP/USD pair extended its sideways consolidative price action and remained confined in a narrow trading band post-UK macro data. The pair continued showing some resilience below the 1.2200 mark, albeit struggled to gain any meaningful traction amid reviving safe-haven demand for the US dollar. Worsening US-China relations and fears about the second wave of coronavirus infections overshadowed the recent optimism over the re-opening of economies globally.

15.05.2020

15.05.2020

EUR/USD

The selling bias around the European currency is prolonging for yet another session at the end of the week, leaving EUR/USD on the bearish side and looking to the 1.0800 neighborhood. EUR/USD is down for the third consecutive session on Friday, coming under extra downside pressure in past sessions against the backdrop of the improved sentiment around the greenback. In the meantime, investors’ attention remains on the developments from the coronavirus and the slowly resumption of the economic activity in the Old Continent. Earlier in the session, German Producer Prices contracted 0.7% inter-month and 1.9% on a year to April. Still in Germany, flash Q1 GDP figures will shed an initial gauge of the impact of the COVID-19 on the domestic economy.

USD/JPY

The bullish momentum around USD/JPY is gathering steam with traditional markets reporting risk reset, possibly on hopes for additional US fiscal stimulus. The pair is currently trading near 107.40, representing a 0.17% gain on the day, having hit a high of 107.44 soon before press time. The dollar found bids at lows near 106.75 on Thursday and has been gaining altitude ever since. The uptick in USD/JPY is accompanied by moderate gains in the US stock futures and mixed action in the Asian equities.

GBP/USD

GBP/USD seesaws around 1.2210, down 0.14% on a day while heading into the London open on Friday. Though, the pair is up for the biggest weekly losses in eight as Brexit worries, coronavirus (COVID-19) pessimism and broad US dollar strength weigh over the Cable. Hence, pair traders will pay close attention to today’s US consumer-centric data for fresh direction.

01.05.2020

EUR/USD

EUR/USD is up over 1% on a week-to-date basis, the currency pair has pulled back from two-week highs registered on Thursday, the currency pair still looks set to end its two-week losing trend. At press time, the pair is trading near 1.0946, having hit a high of 1.0973 during Thursday's American session. That was the highest level since April 15. Although, big gains in EUR/USD could remain elusive as the S&P 500 futures are pointing to risk aversion with a 1.4% drop. The stock futures seem to have come under pressure due to Trump's comments on China and the resulting fears of a trade war and of deeper downturn in the US economy.

USD/JPY

The USD/JPY pair weakened further below the 107.00 round-figure mark and refreshed daily lows during the early European session. The pair failed to capitalize on the previous day's solid intraday recovery move from six-week lows and met with some fresh supply on the last trading day of the week. The pair struggled to find acceptance above 200-hour SMA and started retreating from the 107.40-50 region, amid a further deteriorating in the global risk sentiment. The latest optimism over the successful stage 1 clinical trial of Gilead Sciences' antiviral drug remdesivir to treat COVID-19 patients and re-opening of economies in some parts of the world faded rather quickly.

GBP/USD

The GBP/USD pair surged over 200 pips intraday and shot to over two-week tops on Thursday amid some aggressive US dollar selling. Against the backdrop of Wednesday's dovish Fed and awful US GDP report, the greenback was further weighed down by the post-ECB pickup in the demand for the shared currency. The USD bearish pressure aggravated further following the release of Initial Weekly Jobless Claims, which dropped 603k to 3839k in the week ending April 25.

24.04.2020

EUR/USD

The Euro is trading at its lowest level since March 24 early Friday as a division over Europe’s emergency fund dragged down the single currency. According to reports, the European Union agreed to build a trillion Euro emergency fund but left the details to be disclosed later leaving more uncertainty. Preliminary goods orders data in the United States and a German business sentiment survey due later Friday are unlikely to improve investors mood especially as the global recovery begins to look increasingly rocky. In the Euro Zone, the German IFO Business Climate report is expected to come in at 79.8, down from 86.1. The report is due to be released at 08:00 GMT.

USD/JPY

After Thursday’s spike above 108.00 on reports of Bank of Japans removal of the bond-buying limit, USD/JPY dropped back below 108. Japan's new economic relief package to fight the coronavirus pandemic is estimated to boost real gross domestic product by about 4.4% as stated by Japans economy minister, although he has yet to reveal when the meeting will be held to conclude the details of the relief package.

GBP/USD

GBP/USD has been on the back foot amid weak UK data and the gloomy market mood. Speculation about extending lockdowns and US figures are on the agenda. Retail sales plunged by 5.1% in March, worse than expected. Durable Goods Orders statistics for March are forecast to plunge, showing a drop in investment while Final Consumer Sentiment figures from the University of Michigan have the final word of the week, and they will compete for updated COVID-19 updates for attention.

17.04.2020

EUR/USD

The Euro fell again during the trading session on Thursday, as we continue to see a lot of concern out there when it comes to the global growth scenario. Europe is a mess currently although some leaders are already starting to talk about resuming work. This creates demand for US treasuries therefore driving up the demand for the US dollar itself. It’s a relatively quiet day ahead on the economic calendar however the EUR year over year inflation rate numbers may make a small stir in the market.

USD/JPY

The US dollar continues to try to grind higher against the Japanese yen, but it seems to be failing a bit. With over 22 million jobs lost in the United States in the last month, it’s certainly a bleak picture out there. With the world economy stopping, the only thing that’s keeping this pair up is the fact that the US dollar is part of the equation. After all, the US dollar does attract a certain amount of attention since there are US treasuries out there waiting to be bought.

GBP/USD

U.S. dollar shows some strength despite positive news about reopening of the U.S. economy and hopes that Gilead’s remdesivir can cure coronavirus. However, the U.S. dollar maintained its strength against a broad basket of currencies and was mixed against the British pound. We have a quiet day ahead without much impact expected from the economic calendar.

10.04.2020

EUR/USD

EUR/USD is advancing for the second consecutive session on Good Friday and manages to clinch fresh weekly highs near 1.0960, always following the continuation of the offered bias in the greenback. The shared currency picked up extra steam in the last hours after the Federal Reserve announced on Thursday another wave of monetary stimulus, this time in the form of $2.3 trillion support oriented to small and medium companies, workers and local governments.

USD/JPY

The US dollar has gone back and forth against the Japanese yen, showing signs of confusion at this point. The moving averages of course will cause a lot of confusion as the markets look to them for guidance on long term charts. Against the backdrop of increasing concerns on the coronavirus outbreak in Japan, extra stimulus pumped by the Federal Reserve and skepticism on the recently announced emergency economic package by the Japanese government. In fact, Tokyo is expected to announce suspension measures in several businesses considering the broad-based state of emergency declared in the country following the pick-up in infected cases as of late.

GBP/USD

The pound has found strength again during the trading session on Thursday, as we continue to see a lot of noise out there that is going to continue to cause major issues. After all, the world is dealing with a major “risk off” event, but at the same time it should be noted that with the Federal Reserve willing to step in and buy several different assets, including junk bonds which is something that they’ve never done. In other words, they are going to make sure that the world avoids a credit crunch, which was a major problem with the economy when it came to the 2008 situation

03.04.2020

EUR/USD

EUR/USD has wiped a chunk of its out sized 4% gain last week as dollar bulls have dominated the week. The dollar index (DXY) has taken out important resistance over the last 24. Weaker than expected data out of Europe further weighed on EUR/USD in the early day on Friday as survey data from purchasing managers in the services industry showed a sharp difference in activity last month. The services PMI index for the Eurozone in March printed at 26.4 which was even lower than the flash estimate of 28.4. In comparison, the index was in expansion for February when it hit 51.6. The composite index fell to 29.7, exceeding the lows reached during the financial crisis.

USD/JPY

The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to the fact there is a major risky attitude with the initial jobless claims coming out as terribly as they have.

GBP/USD

The US dollar has gained against all the major currencies and is up about one and a half percent against the pound in the week thus far. GBP/USD has shown resilience as the pair has continued to hold within a relatively tight range for the entire week. Volatility in the currency pair slowed drastically this week as it has shown price swings of 5% or higher in the prior three weeks. Yesterday’s US jobless claims data indicated the US economy is also hit hard by the Coronavirus. A record 6.6 million new individuals filed for unemployment benefits in the past week which was nearly double the analyst estimate. Further, it followed a read of 3.3 million last week, which was also a record at that time.

27.03.2020

EUR/USD

The US dollar is on the back foot due to a mix of factors, and the common currency is rising – despite having its own issues. EUR/USD has reached a high of 1.1086, over 400 pips above the multi-year lows recorded this week. The dollars main downside driver is the Federal Reserve's open-ended Quantitative Easing program announced on Monday. Jerome Powell, Chairman of the Fed, reiterated his commitment to the economy in a rare television interview and added that "we will not run out of ammunition. “The bank's unlimited checkbook is pushing stocks higher – rising on Thursday for the third consecutive day – and weighing on the safe-haven dollar.

USD/JPY

The Japanese yen remains heavily battered against the US dollar on Friday, fueling a massive 3% rally in USD/JPY, as the bulls now look to conquer the 108 handles ahead of US President Trump’s news conference on coronavirus. The three big figures rebound in the spot can be mainly attributed to a sharp turnaround in the risk sentiment, reflected by the upsurge in the US equity futures, Wall Street indices and Treasury yields across the curve.

GBP/USD

The British pound was among the biggest movers on Thursday and rallied around 2.8% against its American counterpart. The US dollar extended its week-long decline amid concerns over tightening liquidity, all against the Fed's unlimited QE program and a massive $2.2 trillion US economic stimulus package. The dollar was further pressured by the Fed Chair Jerome Powell's comments, saying that there is still room for more action to fight coronavirus crisis. Adding to this, a massive rise in US initial weekly jobless claims underscored the devastating impact on the economy from the coronavirus pandemic and did little to ease the bearish pressure surrounding the buck.

20.03.2020

EUR/USD

The EUR/USD pair continued to move off highs during the American session and recently dropped to test recent lows. It bottomed 1.0660 before bouncing back to 1.0700 where it was trading, near Thursday’s close. As Wall Street turned negative, the greenback reaffirmed the move off lows. Earlier today, risk appetite weakened the demand for the greenback. EUR/USD traded as high as 1.0830, before turning to the downside.

USD/JPY

The USD/JPY pair weakened further below mid-109.00s and has now retreated nearly 200 pips from near one-month tops set earlier. The pair failed to capitalize on its early Asian session positive move and started correcting from the 111.35 region amid some aggressive US dollar long-unwinding. The pair eroded a major part of the previous day's strong positive move and for now, seems to have snapped three consecutive days of winning streak.

GBP/USD

The GBP/USD pair on Friday trimmed gains significantly and it was about to end the week with a 700-pip slide. After reaching levels on top of 1.1900, the pound weakened and retreat under 1.1600. The greenback remains strong in the market. The DXY spend most of the day in negative territory but during the American session recovered ground and rose back to the recent high, close to 103.00. It is up 4.10% from a week ago, the best performance in years. Not even lower US yields, or when the equity market posted gains, curbed US dollar’s strength. The pound, on the contrary, remains under pressure, affected by risk aversion.

13.03.2020

EUR/USD

As the USD bulls remain unstoppable so far this Friday’s American session, EUR/USD remains heavily offered amid growing coronavirus risks globally. At the time of writing, the spot is few pips off the 1.1063 low and trades near 1.1075, still down 1% daily. The number of virus cases internationally is picking up rapidly, with Spain likely to declare a state of emergency as early as Saturday while US President Trump is also seen announcing a national emergency at his news conference scheduled later today at 1900 GMT.

USD/JPY

The Japanese yen remains heavily battered against the US dollar on Friday, fueling a massive 3% rally in USD/JPY, as the bulls now look to conquer the 108 handles ahead of US President Trump’s news conference on coronavirus. The three big figures rebound in the spot can be mainly attributed to a sharp turnaround in the risk sentiment, reflected by the upsurge in the US equity futures, Wall Street indices and Treasury yields across the curve.

GBP/USD

GBP/USD has tumbled down below 1.23, nearing a 300-pip fall and trading at the lowest levels since October 2019. Since Monday, cable has shed around 800 pips, moves previously reserved for considerable Brexit developments. Coronavirus fears have rattled markets and are causing extreme demand for the safe-haven US dollar. While global stock markets are recovering, the greenback maintains its strength.

06.03.2020

EUR/USD

The upbeat tone in the single currency remains well and sound so far at the end of the 1.0780/75 band in February, the pair managed to reverse the pessimism and gain week and is now lifting EUR/USD to fresh 2020 highs in the proximity of 1.1280. EUR/USD is adding to Thursday’s gains above the 1.1200 mark and is already trading at shouting distance from 1.1300 the figure, levels last seen in mid-July 2019. Indeed, after bottoming out in the around five cents, or nearly 4.70%. Later in the session, all the attention will be on the US Payrolls, where consensus expects the economy to have created 175K jobs during last month.

USD/JPY

The USD/JPY pair lost some additional ground on the last day of the week and tumbled to over six-month lows, below the 106.00 round-figure mark during the Asian session. The pair added to its recent heavy losses and remained under some heavy selling pressure for the second consecutive session on Friday. The downfall marked the pair's third day of a negative move in the previous four – also the fifth in the last seven – and was sponsored by the coronavirus-led selloff across the global equity markets.

28.02.2020

EUR/USD

EUR/USD is surging to three-week highs amid coronavirus-related USD weakness. Friday's four-hour chart is pointing to oversold conditions while economic divergence favors the dollar. Yohan Elam, an analyst at FXStreet, says these are the reasons for the stop in the euro climb. The upside momentum in the shared currency is extending for yet another session on Friday and is lifting EUR/USD to fresh 3-week highs in the 1.1050/55 band.

USD/JPY

The USD/JPY pair collapsed, trading a few pips above the monthly low of 108.31. Further declines are expected below this level. Growing market concerns over the outbreak of the deadly coronavirus outside of China and its impact on the world economy deepened a weeklong global stock market rout on Friday. This might continue to boost the Japanese yen perceived safe-haven status and thus, support prospects for a fresh near-term bearish breakdown.

21.02.2020

EUR/USD

EUR/USD has managed to regain some traction after recording fresh 2020 lows in the 1.0780 region earlier in the week. In the meantime, extreme “oversold” conditions, as per the RSI indicator, could spark occasional bouts of strength that should face an initial hurdle in the 1.0890 region, where sits a Fibonacci retracement of the 2020 drop and the October 2019 low. On the broader scenario, the bearish view remains unchanged if the spot trades below the 55-day SMA, today at 1.1050.

USD/JPY

The USD/JPY pair maintained its offered tone through the mid-European session, albeit has managed to trim a part of the early losses to mid-111.00s. Having witnessed some heavy selling over the past two trading sessions, the Japanese yen attracted some safe-haven flows on the last trading day of the week and seemed rather unaffected by a further drop in the Japanese manufacturing PMI.

GBP/USD

The GBP/USD pair extended its daily recovery during the American session on Friday and touched a fresh daily high of 1.2978 as the USD came under heavy selling pressure on disappointing PMI data. As of writing, the pair was up 0.7% on the day at 1.2972. Despite this rebound, the pair remains on track to post weekly losses.

14.02.2020

EUR/USD

After bottoming out (and printing fresh 2020 lows) in the 1.0830/25 band, EUR/USD has managed to regain some poise, trim part of the daily losses and retake the 1.0840 region. The pair is now alternating gains with losses after a briefly testing fresh yearly lows in the 1.0830/25 band. The euro depreciated further vs. the greenback after German advanced GDP figures showed the economy is expected to come in flat during the October-December 2019 period, surprising markets to the downside once again.

USD/JPY

The USD/JPY pair lost nearly 15 pips with the initial reaction to Retail Sales and Industrial Production data from the US and touched a session low of 109.75 before recovering slightly. As of writing, the pair was trading at 109.78, down 0.03% daily.

GBP/USD

The GBP/USD pair held on to its weaker tone and dropped to fresh session lows, around the key 1.30 psychological mark in reaction to the latest US macro data. As investors looked past the latest UK political developments, the pair failed to capitalize on the previous session's strong intraday positive move of around 125 pips and started retreating from a resistance marked by 50-day SMA.

07.02.2020

UR/USD

EUR/USD has accelerated the downside at the end of the week after the so far convincing break below 1.10 the figure, reaching new yearly lows in the 1.0950/45 band. The increasing selling interest has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.

USD/JPY

The USD/JPY pair is trading in the negative territory on Friday as the sour market mood helps the JPY stay strong against the USD. As of writing, the pair was down 0.17% on the day at 109.80. Despite today's poor performance, however, the pair remains on track to close the week nearly 140 pips higher.

GBP/USD

GBP/USD registers mild gains of 0.10%, currently around 1.2940, while heading into the London open on Friday. The pair dropped to the multi-day low on Thursday amid broad US dollar strength but bounced off-late amid risk-reset, Brexit positive headlines.

31.01.2020

EUR/USD

The EUR/USD pair rose further and printed a fresh weekly high at 1.1090. So far today it gained more than fifty pips, having the best daily performance since December. It holds firm near the top, slightly above the 20-day moving average around 1.1080. A decline of the US dollar against majors boosted the EUR/USD pair. The US Dollar Index is falling for the second day in row, erasing the gains of the last two weeks.

USD/JPY

The USD/JPY pair struggles to make a meaningful recovery on Friday as investors continue to stay close to safe-haven assets such as the JPY amid heightened concerns over the coronavirus outbreak's negative impact on the global economy. After touching a fresh daily high of 109.15 earlier in the day, the pair erased its gains and was last seen trading at 108.95, where it was virtually unchanged on a daily basis.

GBP/USD

GBP/USD holds onto recovery near 1.3100 while heading into the London open on Friday, the Brexit day. The pair registered sharp gains the previous day as the BOE announced no rate cuts while the US-UK trade tension receded. The traders will now keep eyes on the UK PM Boris Johnson’s speech at 22:00 GMT during the day of joy and sorrow.

24.01.2020

EUR/USD

The broad-based USD strength in the second half of the day caused the EUR/USD pair to slump to its lowest level since early December at 1.1023. As of writing, the pair was down 0.25% on the day at 1.1025. For the week, the pair is erasing more than 60 pips and is looking to register losses for the fourth straight time.

USD/JPY

The USD/JPY pair lost more than 100 pips this after rising to its highest level since May at 110.30 last Friday as heightened fears over coronavirus spreading and becoming a global epidemic allowed JPY to find demand as a haven. With the market sentiment improving slightly, however, the pair recovered a small portion of its weekly losses on Friday and was last up 0.12% on the day at 109.62.

GBP/USD

The GBP/USD pair extended its intraday pullback from two-week tops and dropped to fresh session lows in the last hour, further below the 1.3100 mark. The pair initially gained some positive traction and climbed to the highest level since January 7 following the release of mostly upbeat UK PMI prints. In fact, the gauge for the manufacturing sector rose to its strongest level since April and the services PMI jumped to its highest level since September 2018.

17.01.2020

EUR/USD

The EUR/USD continued to decline after the beginning of the American session and fell to 1.1085, reaching the lowest level in a week. As of writing, trades at 1.1090, down 45 pips for the day. A stronger US Dollar across the board pushed EUR/USD lower. The DXY broke above 97.60 and reached at 97.65, levels not seen since December 26. It remains near the top, firm above last week highs.

USD/JPY

The USD/JPY pair climbed to its highest level since mid-May at 110.29 during the Asian trading hours as the positive market sentiment made it difficult for the safe-haven JPY to find demand. The upbeat macroeconomic data releases from China eased concerns over a global economic slowdown and allowed risk-on flows to dominate the markets. Industrial Production and Retail Sales both rose more than expected in 2019 in China and the economy expanded 6% as expected.

GBP/USD

GBP/USD fails to hold onto three-day-old recovery gains while trading around 1.3070 ahead of the London open on Friday. The US dollar’s (USD) broad recovery and the European Union’s (EU) tough stand on Brexit seems to have pushed the bulls back off-late. Market players will now concentrate on the UK’s December month Retail Sales as an immediate catalyst.

10.01.2020

EUR/USD

The EUR/USD pair extended its rebound during the American trading hours and reached a fresh daily high of 1.1120 with the greenback struggling to find demand after disappointing labor market data. As of writing, the pair was up 0.12% on the day at 1.1118. Earlier in the day, the US Bureau of Labor Statistics reported that NFP in December increased by 145,000 to miss the market expectation of 164,000. Furthermore, the Average Hourly Earnings only rose 0.1% on a monthly basis and dragged the annual rate to 2.9% from 3.1%.

USD/JPY

The USD/JPY pair lost its traction and fell to 109.50 area after the disappointing labor market data from the US weighed on the dollar. As of writing, the pair was up 0.06% on the day at 109.57. However, USD/JPY is now into a hard resistance area and it has failed repeatedly around here since late November. However, should a deal be signed, sealed and delivered next week, there could be a phase of hysteria leading to an upside breakout and test of the 110 territories and rising channel resistance further up in the handle.

GBP/USD

The GBP/USD pair held on to its weaker tone through the early North-American session on Friday, albeit has managed to rebound around 30-35 pips from weekly lows. The pair added to the overnight losses and remained under some selling pressure for the second consecutive session on Friday. The prevalent risk-off mood benefitted the US dollars perceive safe-haven status against its British counterpart.

03.01.2020

EUR/USD

The EUR/USD pair extended the recovery from weekly lows following the release of the US ISM Manufacturing report. It rose to 1.1167 and as of writing trades at 1.1165, modestly lower for the day, and forty pips above the daily low. The rebound took place after the dollar pulled back across the board. Earlier today, tensions between Iran and the US sent the US dollar to the upside. EUR/USD bottomed at 1.1123 before bouncing to the upside.

USD/JPY

The USD/JPY pair tried to stage a recovery toward the 109 level on Thursday supported by the broad-based USD strength but ended up reversing its direction on Friday with the JPY finding demand amid rising geopolitical tensions in the Middle East. As of writing, the pair was trading at its lowest level since early November at 108.03, losing 0.5%

GBP/USD

GBP/USD stays modestly changed to 1.3140 while heading into the London open on Friday. The pair dropped the previous day on broad USD recovery but is recently waiting for fresh clues to extend the downside.

04.11.2019

EUR/USD

The EUR/USD pair inched higher at the start of the week and touched a daily top of 1.1176 in the early trading hours of the European session boosted by upbeat macroeconomic data releases from the euro area. However, with the dollar staging a decisive recovery against its major peers, the pair reversed its course and was last seen trading at 1.1145, erasing 0.2% daily.

USD/JPY

The USD/JPY pair lost 50 pips last week and started to retrace its drop on Monday. As of writing, the pair was trading at fresh session highs at 108.42, adding 0.25% daily. Although global risk headlines have been quite a few over the weekend, USD/JPY fails to extend its bounce off 100-day EMA amid the initial Asian session on Monday.

GBP/USD

The GBP/USD pair dropped further under 1.2900 and printed a fresh daily low at 1.2875. Near the end of the session holds around the lows with the bearish tone intact. The move lower late in New York took place amid a stronger US Dollar across the board. The DXY is 0.35%, having the best performance in a month. It climbed back above 97.50 as it recovers further after posting on Friday the lowest close in three months. The rally of the Greenback is being supported by higher US yields. The 10-year climbed toward the 1.80% area after trading under 1.70% on Friday.

21.10.2019

EUR/USD

The shared currency keeps the familiar range so far at the beginning of the week, prompting EUR/USD to move around the 1.1160 region. Spot is struggling to extend the rally for the fifth consecutive session on Monday despite climbing to fresh 2-month highs just below 1.1180 earlier in the session. The steady-to-bearish fashion around the Greenback and rising expectations around a final positive outcome in the Brexit process continue to sustain the upbeat sentiment in EUR and the rest of the risk complex.

USD/JPY

The USD/JPY pair struggled to make a decisive move in either direction last week and fluctuated in a relatively tight range above the 108 area. Although the pair climbed to 108.70 area during the European morning, it failed to preserve its momentum and has returned to 108.50 area in the early trading hours of the American session. As of writing, the pair was up 0.08% on the day at 108.51.

GBP/USD

The buying interest around the British Pound picked up some pace in the last hour and lifted the GBP/USD pair to fresh multi-month tops, around the key 1.30 psychological mark. The pair initially edged lower at the start of a new trading week in reaction to the weekend development, wherein the UK Prime Minister Boris Johnson failed to win parliamentary backing for his divorce deal and the parliament delayed a crucial vote on the Brexit agreement.

14.10.2019

EUR/USD

Boosted by the broad-based USD weakness seen on Thursday and Friday, the EUR/USD pair gained traction and closed the last week in the positive territory. With the market action turning subdued amid a lack of significant macroeconomic drivers on Monday, however, the pair struggled to push higher and retraced a portion of last week's gains. As of writing, the pair was down 0.17% on the day at 1.1020.

USD/JPY

The USD/JPY pair gained nearly 150 pips last week despite the broad-based selling pressure surrounding the USD as the upbeat market sentiment weighed heavily on the safe-haven JPY. After closing at 108.42, the pair struggled to preserve its momentum and retreated toward the 108 area before finding support there. As of writing, the pair was down 0.12% on the day at 108.27.

GBP/USD

The GBP/USD pair rallied over 100 pips from the mid-European session swing lows and surged beyond the 1.2600 handle in the last hour, back closer to the top end of its daily trading range. The pair stalled its sharp intraday pullback witnessed during the early part of Monday's trading action and managed to attract some decent buying interest just ahead of the key 1.2500 psychological mark, despite renewed Brexit related uncertainties.

08.10.2019

EUR/USD

The EUR/USD pair broke below 1.0960 and dropped to 1.0944, reaching the lowest level since last Thursday. The Euro pulled back against the Pound over the last hour and printed fresh lows versus the Swiss Franc. Meanwhile, the Greenback gained momentum again G10 currencies.

USD/JPY

The USD/JPY pair turned south in the European trading, having faced rejection once again just below the midpoint of the 107 handle, as the US dollar sheds the overnight gains across the board ahead of the US PPI data and Fed Chair Powell’s speech. The spot gained over 20-pips in the Asian session amid a risk-on market profile, as indicated by the rally in the regional equities and Wall Street futures amid renewed US-China trade optimism.

GBP/USD

The EU and the UK have been intensifying their accusations of each other's positions regarding Brexit. UK Prime Minister Boris Johnson and German Chancellor Angela Merkel have held an acrimonious telephone call early in the day. One British account of the conversation says that Merkel instructed Johnson to keep Northern Ireland in the EU customs union. In response, the source has said that Johnson told his German counterpart that reaching a deal would be impossible. GBP/USD has tumbled down, hitting the lowest since September 4.

01.10.2019

EUR/USD

EUR/USD has jumped above 1.09 after hitting a new two-year low of 1.0879. Resistance awaits at 1.0926 – the previous double bottom. Support awaits at 1.0905 which was the previous 2019 low. The US Dollar is falling across the board after the Purchasing Managers' Index for the manufacturing sector fell to 47.8 points – below expectations and under 49.1 points recorded in August. Any score below 50 represents contraction.

USD/JPY

After climbing to its highest level in two weeks at 108.46, the USD/JPY pair made a sharp U-turn in the last hour and fell into the negative territory on the daily chart after the uninspiring data from the United States weighed on the Greenback. As of writing, the pair was down 0.12% on the day at 107.94.

GBP/USD

The GBP/USD pair gained more than a hundred pips from day’s low over the last hours and not only erased losses, but printed a fresh high at 1.2337. As of writing, it is trading at 1.2315, posting the first daily gain after losing ground during the previous four days.

23.09.2019

EUR/USD

The sentiment around the shared currency remains depressed at the beginning of the week, although EUR/USD has managed to rebound from earlier multi-day lows in the 1.0970/65 band. Spot accelerated the leg lower below the key support at 1.10 the figure on Monday after flash PMIs in the core euro area (Germany, France and EMU) came in below estimates, falling deeper into the contraction territory and adding to the already deteriorated outlook in the region.

USD/JPY

The USD/JPY pair traded in a very tight range during the Asian session near the 107.70 mark but came under strong bearish pressure in the European morning after the disappointing Purchasing Managers Index (PMI) readings from the euro area and Germany revived concerns over a global economic slowdown and ramped up the demand for safe-haven assets such as the JPY.

GBP/USD

The USD buying picked up some pace in the last hour and dragged the GBP/USD pair to near one-week lows, around the 1.2425 region in the last hour. Having failed to capitalize on its early uptick to the vicinity of the key 1.2500 psychological mark, the pair came under some renewed selling pressure for the second consecutive session and was now seen extending the previous session's pullback from two-month tops.

16.09.2019

EUR/USD

After briefly testing the key resistance line just above 1.1100 the figure on Friday, the pair saw the selling pressure re-emerge in tandem with some risk-off tone following the developments in Saudi Arabia over the weekend. The selling bias around the European currency is gathering extra traction and is dragging EUR/USD to fresh daily/weekly lows in the vicinity of 1.1020.

USD/JPY

The USD/JPY started the week under pressure as reports of drone and missile attacks on Saudi oil facilities triggered an intense flight-to-safety during the Asian trading hours. In the second half of the day, however, the broad-based USD strength allowed the pair to stage a rebound. As of writing, the pair was down 0.05% on the day at 108.00.

GBP/USD

The GBP/USD pair extended its intraday pullback from multi-week tops and dropped to fresh session lows, around the 1.2425 region in the last hour. The pair, for the second straight session on Monday, struggled to build on its recent strong positive momentum further beyond the key 1.2500 psychological mark and witnessed some long-unwinding trade. A fresh wave of the global risk-aversion trade, triggered by escalating geopolitical tensions in the Middle East, benefitted the US Dollar's relative safe-haven status against its British counterpart and exerted some initial downward pressure on the major.

09.09.2019

EUR/USD

EUR/USD is navigating the area around Friday’s close in the 1.1030 region at the beginning of the week. The pair came under renewed selling pressure after climbing to the 1.1080 region last week, area coincident with the 21-day SMA. Poor data from the US manufacturing sector put the buck under strong selling pressure. The pair is expected to stabilize at current levels as markets get closer to the ECB gathering on Thursday. The recent up move to the upper 1.10s is still seen as corrective only, as results from the domestic docket keep the pressure intact on the single currency and support the need for ECB stimulus.

USD/JPY

After spending the large part of the day moving sideways near the 107 handle, the USD/JPY pair gained traction during the American trading hours and rose to a daily high of 107.18. As of writing, the pair was up 0.2% on the day at 107.12. The lack of major developments surrounding the US-China trade conflict and rising optimism about the Chinese economy gathering recovery momentum on the back of additional stimulus from the central bank allowed risk-on flows to dominate the market action at the start of the week.

GBP/USD

The GBP/USD pair peaked earlier today at 1.2384, the highest level since late July and recently pulled back to 1.2314 before rebounding back to the 1.2350 area, where it trades at the moment, up 65 pips from Friday’s close. The Pound lost momentum after approaching 1.2400 and spiked lower following the announcement of the speaker of the House of Commons on October 31.

02.09.2019

EUR/USD

The EUR/USD pair lost nearly 150 pips last week and started the new week below the critical 1.10 handle on Monday. With the Greenback preserving its strength and investors staying away from euro amid expectations of an aggressive dovish move by the European Central Bank, the pair extended its slide and touched its lowest level in more than two years at 1.0957.

USD/JPY

The USD/JPY pair, which slumped to its lowest level since late 2016 last Monday, closed the week with a gain of more than 100 pips supported by recovering US Treasury bond yields amid easing concerns over a prolonged US-China trade conflict and a broadly stronger USD. With the markets starting the new week in a relatively calm manner, the pair inched higher and was last seen trading at 106.35, adding 0.05% on the day.

GBP/USD

The political headlines and the disappointing PMI data from the UK put the British pound under heavy selling pressure on Monday with the GBP/USD pair slumping to its lowest level since mid-August at 1.2053. As of writing, the pair was trading at 1.2057, losing 0.88% on a daily basis.

26.08.2019

EUR/USD

The EUR/USD pair advanced to its highest level in more than ten days at 1.1166 during the early trading hours of the Asian session but failed to preserve its bullish momentum. With the Greenback erasing the losses it suffered on Friday following news of China imposing retaliatory tariffs and the Trump administration hiking the tariff rate as a response, the pair turned south in the second half of the day and tested the 1.11 handle in the last hour. As of writing, the pair was down 0.35% daily at 1.1105.

USD/JPY

The USD/JPY pair maintained its strong bid tone, albeit remained below the 106.00 handle post-US durable goods orders data. The incoming positive trade-related headlines led to a sudden turnaround in the global risk sentiment. The same was evident from a goodish up-move in equity markets, which weighed on the Japanese Yen's safe-haven status and prompted some aggressive short-covering move.

GBP/USD

The GBP/USD pair extended its steady intraday decline and is currently placed at the lower end of its daily trading range, around the 1.2235 region. The pair failed to add to its last week's goodish positive move and started retreating from levels just ahead of the 1.2300 handle amid a goodish pickup in the US Dollar demand – supported by the incoming positive trade-related headlines.

19.08.2019

EUR/USD

Occasional bullish attempts in the pair remain unable to gather serious traction, as prospects of ECB easing at the next month’s meeting keep weighing on investors’ sentiment. There is no news on the US-China trade front other than usual rhetoric from President Trump, ranging from ‘the deal is just around the corner’ to ‘the US is not ready to make a deal’. Markets, so far, have been practically ignoring the latest developments, however, remains vigilant on news coming from Germany and the likeliness that the government could announce some fiscal stimulus in order to boost the economy.

USD/JPY

The USD/JPY pair slumped to its lowest level since the flash market crash witnessed in January at 105.05 earlier today but made a technical correction before the next leg lower. As of writing, the pair was trading at 105.30, still losing 0.35% daily. The fact that the markets remain risk-averse amid several reasons suggest that the pair's rebound is unlikely to gather momentum as investors stay close to safer assets such as the JPY.

GBP/USD

With the fresh blow to British PM’s expectations of a deal with the EU, the GBP/USD pair declines to 1.2126 on Tuesday morning in Asia. In an effort to push the EU over Brexit negotiation table, the UK Prime Minister (PM) Boris Johnson wrote a four-page letter to the region’s leader Donald Tusk offering alternative arrangements of the Irish backstop. However, the EU firmly said, as per The Guardian, that the withdrawal agreement is not open for renegotiation and the backstop is not open for change.

12.08.2019

EUR/USD

The EUR/USD pair broke above 1.1225 during the American session and climbed to 1.1230 hitting a fresh daily high but if failed to hold and pulled back. It trades at 1.1215, modestly higher for the day and still moving in a 5-day range between 1.1160 and 1.1245. EUR/USD continues to trade in a consolidation range, as it has been the case since last Tuesday, moving between 1.1245 and 1.1160/70. Earlier today the pair tested the bottom of the range but rebounded sharply, approaching the top.

USD/JPY

The USD/JPY pair slumped to its lowest level since the flash market crash witnessed in January at 105.05 earlier today but made a technical correction before the next leg lower. As of writing, the pair was trading at 105.30, still losing 0.35% daily. The fact that the markets remain risk-averse amid several reasons suggest that the pair's rebound is unlikely to gather momentum as investors stay close to safer assets such as the JPY.

GBP/USD

GBP/USD is currently trading +0.43% higher between a range of 1.2014 and 1.2106. The pound took up a bid and corrected the recent UK Gross Domestic Product data-driven slide from a low of 1.2022 today's aforementioned high on news hat some UK lawmakers were drawing up plans to compel Boris Johnson to request a last-minute Brexit extension from the EU. In additional headlines, UK PM Johnson is planning a trip to Berlin and Paris to deliver Brexit demands and he also spoke to US President Trump today, discussing global economic issues & trade.

05.08.2019

EUR/USD

The EUR/USD pair continued gaining positive traction through the mid-European session on Monday and climbed to over one-week tops, around the 1.1175 region in the last hour. Bulls maintained their dominant position at the start of a new trading week and assisted the pair to build on its recent bounce from the vicinity of the key 1.1000 psychological mark - over 26-month lows set last Thursday in the aftermath of a hawkish rate cut by the Fed.

USD/JPY

The USD/JPY pair maintained its heavily offered tone through the mid-European session, albeit has managed to rebound around 30-pips from fresh multi-month lows set earlier this Monday. The pair remained under some heavy selling pressure for the third consecutive session on Monday and extended last week's sharp retracement slide from levels beyond the 109.00 handle - two-month tops set last Thursday in the aftermath of a hawkish rate cut by the Fed.

GBP/USD

The GBP/USD pair quickly reversed an early dip to the 1.2100 neighborhood and rallied around 35-pips on upbeat UK macro data, albeit lacked any strong follow-through. A follow-through US Dollar pullback - led the ongoing freefall in the US Treasury bond yields amid the global flight to safety, helped the pair to stall its intraday downfall and once again find some support near the mentioned handle.

22.07.2019

EUR/USD

After bottoming out in the boundaries of 1.1200 the figure, EUR/USD managed to regain some composure and is now back to the 1.1215/20 band. The pair remains well supported in the 1.1200 neighborhood so far today amidst the continuation of the buying bias around the buck and some fresh hopes on a US-China trade deal.

USD/JPY

The USD/JPY pair is having a hard time finding direction in the second half of the day and continues to move sideways below the 108 mark. As of writing, the pair was up 0.2% on the day at 107.90.Speaking at the International Monetary Fund's 2019 Michel Camdessus Central Banking Lecture, Haruhiko Kuroda, Governor of the Bank of Japan, said that the BoJ will persistently continue with powerful monetary easing with an aim to maintain the momentum toward achieving the 2% inflation target but these comments failed to trigger a reaction in the pair.

GBP/USD

The GBP/USD pair quickly recovered around 30-35 pips from daily lows, albeit lacked any follow-through and remained below the key 1.2500 psychological mark. After an initial uptick to levels beyond the 1.2500 handle, the pair met with some fresh supply and dropped to an intraday low level of 1.2456 in reaction to the UK Foreign Office Minister Sir Alan Duncan's resignation.

15.07.2019

EUR/USD

The EUR/USD pair continues to consolidate Friday’s bounce from near 1.1240 region, as the bears guard the 1.1275 barrier amid a broad US dollar rebound following last week’s declines. So far this Monday, the US dollar is seen extending its tepid recovery across the board from five-day lows of 96.72 amid an uptick in the 10-year Treasury yields, which keeps the upside capped in the spot.

USD/JPY

After spending the first half of the day near the 107.80 handle, the USD/JPY pair has gained traction in the last hour and posted small gains. Nevertheless, the pair remains stuck in its daily range and was last seen trading a little below the 108 mark. The lack of significant macroeconomic drivers today seems to be forcing the pair to fluctuate in a very tight range.

GBP/USD

The GBP/USD pair extended its steady intraday decline and dropped to fresh session lows, around the 1.2525 region during the early North-American session. The pair failed to capitalize on last week's goodish bounce from six-month lows and started retreating from a resistance marked by the 1.2575-80 supply zone, with a modest pickup in the US Dollar demand exerting some additional downward pressure in the last hour.

08.07.2019

EUR/USD

The EUR/USD pair lost more than 100 pips last week and started the day under modest bearish pressure on Monday with the shared currency struggling to find demand. After testing the 1.12 handle earlier in the American session, the pair staged a rebound and was last seen trading at 1.1215, losing 0.08% daily.

USD/JPY

After posting weekly gains for the second straight week, the USD/JPY pair staged a shallow technical correction on Monday but didn't have a difficult time finding support near 108.30. As of writing, the pair was posting modest daily gains at 108.53. Earlier today, Japan's Cabinet Office reported that machinery orders in May declined by 7.8% on a monthly basis following April's 5.2% growth and missed the market expectation for a decrease of 4.7%. Other data revealed that bank lending increased by 2.3% on a yearly basis in June to fall short of analysts' estimate of 2.8%. Nevertheless, investors largely ignored these data at the start of the week as they remain focused on the Fed's policy outlook.

GBP/USD

The GBP/USD pair failed to capitalize on its early uptick and has now retreated around 30-pips from an intraday high level of 1.2540.The US President Donald Trump's fresh criticism about the Fed's policy tightening triggered a modest US Dollar pullback from over two-week tops - touched in reaction to Friday's upbeat headline NFP print, and assisted the pair to gain some positive traction on the first day of a new trading week.

01.07.2019

EUR/USD

The EUR/USD pair dropped further during the American session on the back of a rally of the US Dollar across the board. As of writing trades at 1.1287, the lowest since June 21 and down 80 pips from yesterday’s close, having the worst day since March. The key driver has been a stronger US Dollar. It benefited after the meeting between US President Trump and Chinese President Xi on Saturday. They agreed to restart trade talks and boosted risk appetite and weakened the demand from US bonds. Over the last hours, US stocks moved off daily highs, but the greenback kept rising.

USD/JPY

The USD/JPY pair extended its sideways consolidative price action and held comfortably above the 108.00 round figure mark post-US ISM manufacturing PMI.The pair built on last week's goodish recovery move from multi-month lows and opened with a bullish gap in reaction to the latest positive trade-related development, wherein the US and China agreed to restart trade negotiations.

GBP/USD

The GBP/USD pair maintained its offered tone and dropped to over one-week lows, just below mid-1.2600s post-UK macro data. Having failed to capitalize on Friday's positive move back above the 1.2700 handle, the pair met with some fresh supply at the start of a new trading week in the wake of a goodish pickup in the US Dollar demand.

24.06.2019

EUR/USD

The EUR/USD pair reached 1.1400 earlier today for the first time since March 21st. It failed to break above and over the last hours it has been steadily moving in a small range between 1.1395 and 1.1385, consolidating daily gains. The Euro heads for the fourth consecutive daily gain as it continues to rally versus the US Dollar. An improvement in EZ economic data and mainly the expectations about a rate cut from the Federal Reserve continue to be the key drivers of the pair. Many analysts changed EUR/USD forecasts after the FOMC meeting of last week.

USD/JPY

The USD/JPY pair spent the first half of the day in a tight range below the 107.50 mark and staged a modest rebound during the American trading hours. As of writing, the pair, which touched a session top of 107.55, was trading at 107.41, adding 0.1% daily.

GBP/USD

With the UK PM candidate Boris Johnson’s sustained commitment to leave the EU on October 31 highlighting no-deal Brexit fears, the GBP/USD pair buyers fall short of cheering the broad US Dollar (USD) weakness off-late. With this, the Cable trades on the back foot around 1.2740 during the early Asian session on Tuesday.

18.06.2019

EUR/USD

The EUR/USD pair bottomed at 1.1180 earlier today, the lowest level in two weeks. The recovery was capped by 1.1210 and as of writing trades at 1.1190. Over the last hours, the pair has been consolidating daily losses, moving in the 1.1180/1.1210 range. The Euro was unable to hold on top of 1.1200 showing that still faces bearish pressure.

USD/JPY

The USD/JPY pair came under pressure on Tuesday as the sour market mood boosted the demand for traditional safe havens such as the JPY. As of writing, the pair was trading at 108.22, losing 0.32% daily. The USD/JPY pair quickly reversed an early North-American session dip to over one-week lows and rallied over 60-pips to refresh daily tops in the last hour

GBP/USD

The GBP/USD pair held on to its weaker tone through the early European session on Monday, with bears now eyeing a follow-through weakness below the 1.2700 handle post-UK releases. Having failed to capitalize on Friday's move beyond mid-1.2700s, the pair met with some fresh supply at the start of a new trading week amid a goodish pickup in the US Dollar demand.

10.06.2019

EUR/USD

The EUR/USD pair dropped to test the daily low at 1.1289 and rebounded toward 1.1320. It continues to move sideways, slightly below the level it close on Friday, hovering around 1.1300, consolidating most of last week gains. Equity prices in the US are higher today, supported by Trump’s announcement that tariffs on Mexico were "indefinitely suspended" that boosted Wall Street and the Mexican peso.

USD/JPY

The USD/JPY pair dropped further during the American session as equity prices trimmed gains in Wall Street. It dropped to 108.30, reaching the lowest since Friday but still above the level it closed that day.

GBP/USD

The GBP/USD pair held on to its weaker tone through the early European session on Monday, with bears now eyeing a follow-through weakness below the 1.2700 handle post-UK releases. Having failed to capitalize on Friday's move beyond mid-1.2700s, the pair met with some fresh supply at the start of a new trading week amid a goodish pickup in the US Dollar demand.

03.06.2019

EUR/USD

The EUR/USD pair rose to its highest level since May 13 at 1.1250 in the last hour as the greenback met a fresh selling wave following some dovish Fed commentary. Spot is advancing for the second day in a row on Monday, challenging 5-day peaks in the 1.1200 neighborhood against the backdrop of heightened trade concerns and declining yields.

USD/JPY

The USD/JPY pair struggled to capitalize on the intraday recovery from 4-1/2 month lows and remained capped below mid-108.00s post-US ISM PMI.Slight improvement in the global risk sentiment, as depicted by initial signs of stability in equity markets, dented the Japanese Yen's safe-haven status and turned out to be one of the key factors behind the pair's intraday bounce from the 108.00 neighborhood.

GBP/USD

The GBP/USD pair bottomed earlier today at 1.2609 and then recovered modestly, finding resistance below 1.2650. The move higher took place amid a decline of the greenback across the board. The US Dollar Index dropped to the lowest in a week at 97.55, affected by the improvement in risk sentiment and also by weaker-than-expected US data.

27.05.2019

EUR/USD

The EUR/USD pair hit a fresh low at 1.1186 and quickly pulled back to the previous range between 1.1200 and 1.1190. During the last hours it moved in a range of less than 15 pips, consolidating modest daily losses. Price action remains limited across financial markets following the European elections and amid a holiday in the US. Activity will likely return to normal on Tuesday.

USD/JPY

The USD/JPY pair is moving sideways in a very tight range on Monday as the trading volume remains thin amid the Memorial Day holiday in the U.S. As of writing, the pair was up 0.22% on a daily basis at 109.53.

GBP/USD

With one after the other British lawmakers filing their nominations to replace PM May, together with the Brexit party’s victory in the EU election, political moves at the UK have been highlighted recently. However, the GBP/USD pair showed little reaction as the UK markets were off on Monday. The quote trades near 1.2680 during early Tuesday.

22.05.2019

EUR/USD

The EUR/USD pair rose from levels near daily lows to 1.1224, hitting a fresh daily high. Then pulled back, being unable to hold on top of the key short-term level at 1.1220 and as of writing is hovering around 1.1200, marginally lower for the day but off daily lows. Earlier today, following the release of mixed US economic data, the pair bottomed at 1.1176, the lowest level since last Thursday. Retail sales in April dropped unexpectedly while industrial production contracted. The data had a limited impact.

USD/JPY

The USD/JPY erased all the gains it posted on Tuesday today but reversed its course in the NA session and retraced its daily fall. As of writing, the pair was down 0.1% on a daily basis at 109.50. Several news outlets today reported that Trump administration was planning to announce a 6-month delay to tariffs to be imposed on European car imports, causing stock markets to gain traction.

GBP/USD

Despite growing speculations over the UK PM May’s resignation, GBP/USD pulls itself back from the lowest since mid-January to 1.2665 during the initial Asian session on Thursday. Cable dropped yesterday even if the headline CPI grew more than 1.9% prior to the 2.1% on a yearly basis.

08.05.2019

EUR/USD

The EUR/USD pair failed to gather momentum above the 1.12 handle and changed its course in the American trading hours and slumped to a session low of 1.1183. Nevertheless, the fact that there wasn't a fundamental driver behind this recent action suggests that it's unlikely to deepen. As of writing, the pair was virtually unchanged at 1.1190.

USD/JPY

Following a dip below the critical 110 level earlier in the day, the USD/JPY pair staged a modest rebound in the last hour and was last seen trading at 110.16, losing only 9 pips on a daily basis.

GBP/USD

The GBP/USD pair is mildly bid around 1.3010 after positive news from the UK’s political platform started pleasing the British Pound (GBP) buyers on early Thursday. The pair remained on the back foot on Wednesday as not only failed to have any progress in cross-party Brexit talks but uncertainty surrounding PM May’s position also weighed on the sentiment. However, the market mood changed off-late after Bloomberg reported that Tories have stepped back from altering rules to challenge the UK Prime Minister Theresa May’s position.

01.05.2019

EUR/USD

After clinching fresh multi-day highs near 1.1240 in early trade, EUR/USD has now met some selling pressure and retreats to the 1.1230/25 band in the wake of US ADP report. Spot comes under some downside and retests the 10-day SMA in the 1.1230/25 band after the US ADP report surprised markets to the upside in April

USD/JPY

Although the FOMC didn't offer any surprises in its monetary policy statement, the greenback came under a renewed bearish pressure and caused the USD/JPY pair to extend its daily slide. As of writing, the pair was trading at 111.12, losing 0.27% on a daily basis.

AUD/USD

Like all other G10 currencies, AUD/USD also trims some of its past-FOMC losses as it trades near 0.7015 during the early Asian session on Thursday. The Aussie pair couldn’t withstand Fed’s Powell’s avoidance of hinting catalysts for a rate cut and tanked with all other majors during the aftermath of the US Federal Reserve decision.

22.04.2019

GBP/USD

The GBP/USD pair is on the bids near 1.2980 during the early Asian session on Tuesday. In spite of Easter recess at the UK parliament, the Cable recently weakened as chances that the British PM Theresa May will be ousted from her power grew. However, the latest news of the cross-party Brexit talks pleased the British Pound buyers.

EUR/USD

The EUR/USD pair rose further during the US session and continued to move slowly. It peaked at 1.1261, reaching the highest level since Thursday and is posting gains for the second-day in-a-row. Still remains far from Thursday’s level when it traded close to 1.1300 before falling sharply following weaker-than-expected Eurozone economic data.

AUD/USD

The AUD/USD pair held on to its mild weaker tone through the early European session on Monday and is currently placed at over one-week lows, around the 0.7140-35 region.

After a rather subdued/range-bound trading action on Friday, the pair met with some fresh supply at the start of a new trading week and extended last week's rejection slide from the very important 200-day SMA, levels just above the 0.7200 round figure mark.

15.04.2019

GBP/USD

The GBP/USD pair is trading sideways on Monday, consolidating modest gains. Cable rose during the Asian session and peaked at 1.3118 after the beginning of the US session. Over the last two hours, it has been moving between 1.3097 and 1.3117, holding an upside bias but limited. To the upside, the GBP/USD is facing a strong resistance around 1.3120 that is also the 20-day moving average. A daily close on top could point to more gains as it also would be the breakout of the current range. To the downside, the immediate support might be seen at 1.3055. A daily close clearly below 1.3030 would point to further losses, exposing 1.3000 and the April low at 1.2980.

USD/JPY

Earlier today the pair peaked at 126.78, the strongest since March 20 amid an improvement in risk appetite. But it failed to extend gains as equity prices trimmed gains. It kept trading sideways above 126.50, with the chart still pointing to the upside.

The price range so far on Monday has been of 35 pips, one of the lowest in months. Volatility among crosses remains low as USD/JPY traded most of the day around 112.00 and EUR/USD moved between 1.1325 and 1.1297.

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AUD/USD

The AUD/USD pair trades near 0.7170 during the early Asian session on Tuesday. The pair moved little on Monday due to lack of fresh directives. Though, the monotony is likely to breached soon as investors have started being cautious ahead of the RBA meeting minutes that are up for release in the next few hours.

08.04.2019

GBP/USD

There has not been much progress today as Brexit takes a middle seat as investors get set for the FOMC minutes this week and concentrate more so on equities and trade. The markets are focused on Article 50 and preparations for the possibility of the European parliamentary elections. It remains the government’s intention to leave the EU with a deal and pass the necessary legislation before 22 May as so that the UK does not need to participate in European Parliamentary elections.

USD/JPY

The USD/JPY pair bottomed earlier today at 111.27, the lowest level since March 3. During the US session recovered momentum and moved off daily low. The recovery was capped by the 111.50/552 area and as of writing trades at 111.45, down just 20 pips for the day, but big enough to be the worst day since March 22.

EUR/USD

Euro gains momentum after breaking above 1.1250. The EUR/USD pair rose further after the beginning of the US session and climbed to 1.1273, reaching a fresh 1-week high. From the top pulled back modestly and it is trading at 1.1260, up 45 pips, having the best performance since March 20.

01.04.2019

EUR/GBP

The quote rallied more than 50 pips to the high near 0.8600 after the UK’s House of Commons rejected all four Brexit options available for today’s voting. EUR/GBP dropped on Monday as slow data from the EU report of the dovish comments by ECB president Draghi weakened the Euro while the British Pound was stronger against most of its counterparts.

USD/JPY

USD/JPY was correcting lower from the 111.17 Asian session high, however it bottomed at 110.79 supported by the ISM report and recently peaked at 111.31 the highest level since March 20th.

EUR/USD

The EUR/USD pair started the week with a small bullish gap but struggled to push higher as the disappointing data releases from the euro area weighed on the shared currency. With the greenback gaining traction in the second half of the day, the pair erased all its daily gains and was last seen trading at 1.1223, where it was virtually unchanged on a daily basis. EUR/USD is currently trading at 1.1205, a touch off a low of 1.1204 printed in recent trade as the dollar firms across the board. EUR/USD is down from the 1.1250 high.

25.04.2019

EUR/USD

The EUR/USD rose further after the beginning of the American session and reached a fresh daily high at 1.1330. As of writing, trades at 1.1325/28, holding a bullish intraday bias. The upside is being supported by a decline of the US dollar across the board.

USD/JPY

The yen was the best performer on Friday and sent USD/JPY down from 110.80 to 109.74 for a six-week low which has now been exceeded. The pair had tried to correct but sellers are stepping in as Tokyo gets going with a risk-off tone following last week’s bearish diversion in yields and poor data releases from both Germany and the US.

GBP/USD

The GBP/USD pair is about to end the day hovering slightly below 1.3200, posting modest losses for the day. Earlier today peaked at 1.3243, the highest level since last Wednesday but the pulled back finding again support above 1.3160. UK Prime Minister Theresa May addressed Parliament today mentioning there is not enough support among MPs for a third attempt to vote her Brexit deal negotiated with the EU.

18.03.2019

EUR/USD

After moving to session tops in the 1.1360 region, EUR/USD faced some selling pressure and has now receded to the 1.1345/40 band. The pair keeps the move north unabated so far today, although it faced a strong hurdle in the 1.1360 region earlier in the day, where coincide the 55-day and 100-day SMAs.

USD/JPY

After closing the previous week with a modest 40-pip gain, the USD/JPY started the new week in a calm manner and is having a difficult time determining its next short-term direction. At the moment, the pair is virtually unchanged on a daily basis at 111.47.

GBP/USD

The GBP/USD pair was on bid around 1.3250 during the initial Asian session on Tuesday. The pair differed from Monday-end declines as soft US housing market figures again drew market attention toward dovish FOMC. The pair dropped during Monday after the UK parliament rejected the idea of Tuesday’s voting on the Prime Minister Theresa May’s third Brexit proposal.

11.03.2019

EUR/USD

The pair is adding to Friday’s gains and keeps recovering from the ECB-sponsored sell-off last Thursday, managing to come back after bottoming out in fresh 2019 lows in the vicinity of 1.1180.

USD/JPY

The USD/JPY pair, which lost nearly 100 pips last week, started the week in a calm manner and started to climb higher in the European session. At this time, the pair was trading at 111.25, adding 0.1% daily.

GBP/USD

The GBP/USD surged nearly 100 pips to 1.3290 at the start of Asian trading on Tuesday. The Cable carried its previous strength forward and rallied to fresh month high as speculations grew that the UK and the EU policymakers are nearing a deal. British parliamentary vote on the UK PM May’s Brexit proposal and the US inflation numbers will be crucial to watch today.

04.03.2019

EUR/USD

The selling bias around the European currency remains well and sound at the beginning of the week and is now forcing EUR/USD to the area of multi-day lows near 1.1330. The pair has quickly faded the initial optimism despite the better mood surrounding the risk-complex.

USD/JPY

The USD/JPY pair came under strong bearish pressure in the last hour and lost more than 30 pips to renew its daily low at 111.64. As of writing, the pair is trading at 111.70, losing 0.2% daily.

GBP/USD

With one after the other British lawmakers filing their nominations to replace PM May, together with the Brexit party’s victory in the EU election, political moves at the UK have been highlighted recently. However, the GBP/USD pair showed little reaction as the UK markets were off on Monday. The quote trades near 1.2680 during early Tuesday.

25.02.2019

EUR/USD

The greenback gained some momentum across the board during the US session. The EUR/USD pair retreated from 5-day highs at 1.1366 to 1.1340, erasing most of the day’s gains. As of writing, it trades at 1.1345, holding a negative intraday tone as it stands below the 20-hour moving average. Still, price action remains limit, with majors moving in small ranges.

USD/JPY

The USD/JPY finally broke out of its 2-week old trading range and touched its highest level since late December at 111.17. As of writing, the pair was trading a couple of pips below that level, gaining 0.45% on a daily basis.

GBP/USD

The GBP/USD pair struggled to find enough strength to rise above 1.31 on Monday and is now having a difficult time making a decisive move in either direction. At the moment, the pair is up 0.15% on a daily basis at 1.3070. Earlier today, the British pound gained some traction despite the fact that British Prime Minister Theresa May announced that the meaningful vote would take place on March 12.

18.02.2019

EUR/USD

EUR/USD keeps the positive performance well and sound at the beginning of the week and is now navigating the upper end of the range in the 1.1330/35 band, or new session highs. Optimism on an eventual deal in the US-China trade negotiations remains on the rise and keeps the sentiment in the risk-associated universe well propped up for the time being.

USD/JPY

The USD/JPY pair extended its steady intraday climb through the early European session and is currently placed at the top end of its daily trading range, around the 110.60 region. Growing optimism over a possible resolution of the US-China trade disputes, especially after both sides reported progress in last week's trade talks, continued weighing on the Japanese Yen's safe-haven status and assisted the pair to build on Friday's late rebound from 110.25 level.

GBP/USD

The GBP/USD pair is consolidating gains and remains near the highs, holding above 1.2900. Earlier today, it climbed to 1.2937, the strongest level since last Wednesday. During the last hours, it has been moving sideways, in a small range between 1.2910 and 1.2932. The pound is holding firm to daily gains and is the top performer among majors.

11.02.2019

EUR/USD

The EUR/USD pair extended its daily decline in the NA session and touched its lowest level since late November at 1.1267. As of writing, the pair was trading at 1.1271, losing 0.5% daily. Although there were no macroeconomic data releases from the U.S. today, a more-than-1% jump seen in the 10-year Treasury Bond yield allowed the DXY to extend its rally to its highest level of 2019 at 97.12. The index was last up 0.47% on a daily basis at 97.10.

USD/JPY

After closing the previous week nearly 40 pips higher, the USD/JPY pair started the week on a positive note and pierced through the 110 handle on its way to a fresh 2019 high of 110.31. As of writing, the pair was trading a couple of pips below that level, adding 0.44% on a daily basis.

GBP/USD

The GBP/USD pair dropped further during the US session as the greenback extended its rally across the board. Cable bottomed at 1.2843, hitting a 3-week low. During this time trades at 1.2855/60, about to post the lowest close since mid-January. After consolidating during three days, the pair broke to the downside resuming the move that started two weeks ago from levels on top of 1.3200.

04.02.2019

EUR/USD

EUR/USD failed to hold above the 1.15 mark last week, the EUR/USD pair has been having a rough time gaining traction. After starting the week on a sour note the pair extended its losses and touched a 5-day low of 1.1424. On Tuesday, Markit PMI is going to publish its Services PMI reports for the euro area and as well as the U.S. later in the day. If the PMI data does not disappoint tomorrow, we could see the shared currency come under a renewed pressure.

AUD/USD

AUD/USD is currently trading on the back-foot as the dollar continues with its upward correction and has now completed a 78.6% fibo retracement of the Fed sell-off in the DXY at 95.80, currently trading at 95.84, hitting a high of 95.92 and is well on the way to a 100% retracement at 95.98. AUD/USD has dropped to a low of 0.7211 however, US yields are holding up which should underpin the downside in the Aussie market as we lead in towards the RBA tonight.

GBP/USD

The GBP/USD bottomed minutes ago at 1.3039, the lowest level in a week and then bounced quickly, rising to 1.3103, hitting a fresh daily high. The 1.3040/50 zone continues to be a strong barrier that if broken could clear the way to more losses.

28.01.2019

EUR/USD

The EUR/USD pair started the week on a positive note and rose to a fresh two week high of 1.1443 before going into a consolidation phase. As of today, the pair was up 0.15% on the day at 1.1430. With investors staying away from the dollar ahead of this week's FOMC meeting, the pair was able to gain some momentum on Friday's rally. Following last Friday's report about the Fed possibly ending its balance sheet reduction scheme earlier than initially planned, USD bulls take a back seat amid the possibility of a dovish shift in the FOMC's language.

AUD/USD

There was a small amount of action on the Aussie overnight. Investors brace themselves for the week ahead, the Aussie is closely linked to risk and AUD/JPY is the one to watch. If the yen picks up the pace, threatening a break of the 109-handle vs the dollar, Aussie will likely be weighed up

GBP/USD

GBP/USD all the attention on Brexit vote , the sharp move up in Cable appears to be interrupted at the start of the week amidst increasing weariness among investors in light of the parliamentary vote on May’s Brexit Plan B. the UK Parliament will vote tomorrow on PM May’s surrogate plan for the UK-EU divorce. Therefore GBP is expected to trade within a trending mood as markets get closer to the Brexit discussions.

18.01.2019

EUR/USD

The EUR/USD pair fell to 1.1353 on Friday, a level last seen on Jan. 4, and closed convincingly below the 50-day moving average (MA) for the first time.

A close below the key MA is backed by the bearish crossover between the 5- and 10-day MAs.

GBP/USD

GBP/USD's fate now depends on how the EU will respond to her fresh proposals when she heads to Brussels, in due course, with a revised approach to the 'backstop' which is The Commons are currently divided upon. At this Parliament continues to muddle through options, but as May seeks to leave the EU with a deal and a soft Brexit, the markets are taking up more of the positives than the negatives at this stage,

EUR/JPY

EUR/JPY is moving towards a break of key support at 124.45/50 as the consolidation of recent correction wears thin. We have the ECB this week, which will likely do nothing although as Europe edges closer to a recession and the risks of a hard Brexit on the horizon should be detailed and worth a listen. Analysts at Commerzbank explained that EUR/JPY faces tough resistance offered by a double Fib at 125.50 and we would allow for some further near-term weakness:

08.01.2019

GBP/USD

The GBP/USD pair came under a renewed selling pressure after the British government lost the vote, 303 to 296, on the amendment to change the budget legislation to limit ministers' tax powers in a no deal scenario. As of writing, the pair was losing 0.6% on the day at 1.2710.

Earlier today, British Prime Minister Theresa May's spokesman said that the finance bill amendment was not wanted but its effect would be a slight hindrance rather than anything more significant.

AUD/USD

AUD/USD has been bolstered by a slump in the dollar, despite the surprise to November's Chicago PMI that had initially sent yields in the US higher, widening the AU/USD spread and subsequently weighing on the currency pair.

NZD/USD

The US dollar was stripping the bird of its glory overnight in a correction back towards the 96 handle in the DXY as risk appetite began to fade on old news that was starting to wear somewhat thin. However, the optimism over Sino/US trade talks continued to boy US stocks that closed in a sea of green for a third consecutive day with the DJIA camping out above the 32.8% fibo of the Dec decline

01.01.2019

GBP/USD

GBP/USD was lively into the year-end, rallying from 1.2681 to a high of 1.2814 on the back of comments made by Foreign Minister Hunt. Bulls caught on to his suggestion that May's deal could pass the Parliament if the EU provides clarification that the Irish backstop will be temporal. Also, senior Brexiteer minister Liam Fox said that there is a 50 - 50 chance the UK will not leave the EU on 29 March if MPs reject Theresa May's Brexit deal next month.

Moving forward, we move into the US NFP (Nonfarm Payrolls) event at the end of the week, December Markit Manufacturing PMI will be out this Wednesday, expected at 52.5 vs. 53.1 in November.

AUD/USD

AUD/USD has been bolstered by a slump in the dollar, despite the surprise to November's Chicago PMI that had initially sent yields in the US higher, widening the AU/USD spread and subsequently weighing on the currency pair.

NZD/USD

NZD/USD moves its way into 2019 following a rocky end to the year for risk. Domestically, the most recent data came with consumer confidence ending the year on a buoyant note, rising from 118.6 to 121.9 in December.