Market News

GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony In the early Asian trading session on Wednesday, the GBP/USD currency pair was observed holding below the significant 1.2700 mark, indicating a slight downtick influenced by a resurgence in the US Dollar (USD). This currency movement sets the stage for a day filled with key economic

EUR/USD Gains Momentum in the Mid-1.0800 Range Due to a Weakening US Dollar As the new week commences, the EUR/USD currency pair exhibits a positive trajectory in the early trading hours of Monday in Asia. This uptrend in one of the major currency pairs is primarily underpinned by a diminishing strength of the US Dollar

GBP/USD Modestly Recovers Near 1.2630, Limited Upside Potential During the Asian trading session on Friday, the GBP/USD currency pair witnessed a revival of buying interest, breaking a two-day losing streak that had led it to a one-week low in the region of 1.2615-1.2610 just a day earlier. The pair’s spot prices are currently hovering around

EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840 The Euro/US Dollar exchange rate, known as EUR/USD, has seen a decrease, reaching nearly 1.0840 in the Asian market on Wednesday. This drop is mainly because traders are being very careful due to some important economic reports that are expected to be released soon.

EUR/GBP Nears 0.8540 Before ECB’s Lagarde Speech The EUR/GBP currency pair witnessed a halt in its three-day downtrend, observing a modest rise to approach 0.8540 during Monday’s Asian trading session. This upward movement is primarily attributed to the Euro (EUR) gaining strength following hawkish remarks from members of the European Central Bank (ECB). In addition,