Economic News Category

GBP/USD Holds Steady Around 1.2700 Ahead of UK CPI and FOMC Decisions The GBP/USD pair remains range-bound around the 1.2700 level during the Asian session, struggling to build on its two-day recovery from a three-week low near 1.2600. Traders are exercising caution as they await key events, including the UK Consumer Price Index (CPI) release

GBP/JPY Holds Near 195.50 Amid Market Focus on UK Labor Data The GBP/JPY pair pauses its two-day rally, trading around 195.40 during the Asian session on Tuesday. Despite the pullback, the downside remains limited as the Japanese Yen (JPY) faces potential depreciation due to growing expectations that the Bank of Japan (BoJ) may refrain from

EUR/USD Holds Steady Above 1.0500 Ahead of Fed Decision EUR/USD extends its upward momentum, trading near 1.0520 during Monday’s Asian session. The pair’s gains are supported by a weakening US Dollar (USD), driven by subdued US Treasury yields as markets anticipate the Federal Reserve’s (Fed) interest rate decision scheduled for Wednesday. The Fed is widely

EUR/USD Vulnerable Near 1.0460 Amid ECB-Fed Divergence The EUR/USD pair remains under pressure during Friday’s Asian session, hitting a near three-week low around 1.0455. The prevailing market sentiment points to further downside risks, suggesting an extension of the pair’s recent downtrend. The euro remains weighed down by the European Central Bank’s (ECB) dovish stance and

GBP/USD Rebounds as US Dollar Weakens Amid Rising Fed Rate Cut Expectations GBP/USD has recovered losses from the previous session, trading near 1.2770 during Thursday’s Asian session. The pair gains strength as the US Dollar (USD) retreats from a four-day winning streak, despite support from elevated US Treasury yields. The US Dollar Index (DXY), which