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19
Nov

EUR/GBP holds positive ground above 0.8800 after UK CPI data

The EUR/GBP cross gains ground to near 0.8815 during the early European session on Wednesday. The Pound Sterling (GBP) edges lower against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report. The final reading of the Harmonized Index of Consumer Prices (HICP) inflation report from the Eurozone will be published later on Wednesday. Data released by the United Kingdom’s Office for National […]

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19
Nov

EUR/USD stays silent below 1.1600 as Fed rate cut bets recede

EUR/USD moves little after three days of losses, trading around 1.1580 during the Asian hours on Wednesday. The pair may further lose ground as the US Dollar (USD) gains amid declining US Federal Reserve (Fed) rate cut bets for December. The highly anticipated September Nonfarm Payrolls data are scheduled to be released on Thursday. The CME FedWatch […]

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18
Nov

EUR/JPY Price Forecast: Key upside barrier emerges near 180.00

The EUR/JPY cross declines to near 179.70 during the early European session on Tuesday. The cross retreats after reaching new record highs in the previous session. However, the potential downside for the cross might be limited amid the ongoing weakening of the Japanese Yen (JPY). Japan’s Prime Minister Sanae Takaichi urged the Bank of Japan […]

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18
Nov

EUR/USD Holds retracement near 1.1600 from immediate highs

The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656. The major currency pair strives to regain strength as the US Dollar (USD) struggles to extend two-day recovery move, with investors turning cautious ahead of the United States (US) Nonfarm […]

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18
Nov

EUR/GBP trades flat near 0.8800 amid BoE rate cut speculation

The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR). The UK Consumer Price Index (CPI) and Producer Price Index (PPI) reports will be the […]

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17
Nov

EUR/JPY slips near 179.50 after less disappointing Japan’s preliminary Q3 GDP data

EUR/JPY extends its losses for the second consecutive day after pulling back from a record high of 179.97 reached in the previous session, trading around 179.40 during the Asian hours on Monday. The currency cross remains subdued as the Japanese Yen (JPY) holds ground after the release of better-than-expected Japan’s Gross Domestic Product (GDP) data […]

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17
Nov

EUR/USD falls to near 1.1600 due to fading Fed rate cut bets

EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) receives support from cautious remarks given by US Federal Reserve (Fed) officials, diminishing the likelihood of an interest rate cut in December. Kansas City Fed President Jeffery Schmid said on Friday that […]

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14
Nov

EUR/USD drifts away from highs despite positive Eurozone data

EUR/USD is trimming gains on Friday, following a seven-day rally and trades at 1.1615 at the time of writing, still on track for a 0.45% weekly appreciation. The fairly positive Eurozone Gross Domestic Product and the upbeat Trade Balance reports have failed to support the Euro, which has lost steam, weighed down by a negative market sentiment. Eurozone GDP has […]

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13
Nov

EUR/GBP holds positive ground above 0.8800 as UK economy slows to 0.1% in Q3

The EUR/GBP cross gains ground to around 0.8835 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK Gross Domestic Product (GDP) data. The Eurozone Industrial Production report for September will be published later on Thursday.  Data released by the Office for National Statistics (ONS) on Thursday showed that the UK economy […]

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13
Nov

EUR/USD stays near 1.1600 after official ending of US government shutdown

EUR/USD moves little after six days of gains, trading around 1.1590 during the Asian hours on Thursday. The pair remains steady as the US Dollar (USD) holds ground after US President Donald Trump signed the government funding bill on Thursday, marking the official end of the record 43-day government shutdown in the United States (US) […]

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